Social/Politics
Home Prices Might Fall Once Financing For 2013 First Home Program Is Exhausted
Over 70% of Romanians interested in buying a home want to make the acquisition through the state-guaranteed First Home program, as they are not eligible for other mortgage loans, therefore h...
Settlement Board Rejects Contestations Against Lugoj–Deva Highway Building Tenders
Romania's National Contestation Settlement Board (CNSC) has rejected the contestations filed by construction company Spedition UMB and Austrian group Strabag regarding the awarding of contra...
Hidroelectrica To Resume Business As Usual Next Week, Says Ponta
Romania’s largest power producer Hidroelectrica will most likely complete its insolvency process by the end of next week, following the approval of the company’s reorganization program by it...
Romanian-Austrian Consortium TFG - Donau Finanz Pulls Out Of CFR Marfa Privatization
The consortium of Romanian Transferoviar Grup and Austrian Donau-Finanz GmbH & Co KG Austria announced Wednesday it is pulling out of the privatization process of Romanian state-owned freigh...
Creditors Approve Hidroelectrica’s Reorganization Plan
The creditors of Romanian insolvent state-owned hydropower producer Hidroelectrica approved the reorganization plan of the company Tuesday.
Remus Vulpescu Replaced As Rompetrol Rafinare Board Member By OPSPI Head
Remus Vulpescu has been dismissed from the position of member in the Executive Board of Romanian Rompetrol Rafinare (RRC.RO) and has been replaced by Gabriel Dumitrascu, the head of state as...
Parliament Endorses Financial Supervisory Authority’s Board Members
Romania’s Parliament endorsed Tuesday the members of the board of the country’s Financial Supervisory Authority (ASF).
Romeo-Florin Nicolae Named Customs Authority Head
Romanian Prime Minister Victor Ponta has appointed Romeo-Florin Nicolae as head of the National Customs Authority, replacing Dorel Fronea.
Transelectrica Dismisses EU’s Objections To OPCOM Practices
Romania’s Transeletrica (TEL.RO), sole shareholder of local power exchange OPCOM, on Tuesday dismissed allegations of discriminatory practices by the market operator toward foreign companies...