Social/Politics
Romania To Sell IAR Ghimbav, Avioane Craiova And Romaero Baneasa
Romania’s Economy Ministry will start procedures for the privatization of state-run aerospace companies IAR Ghimbav, Avioane Craiova and Romaero Baneasa, Economy Minister Varujan Vosganian s...
Cold Medicine Fervex Pulled From Drugstores Over Tainted Lot
Cold medicine Fervex has been withdrawn from drugstores after U.S. pharmaceutical company Bristol-Myers Squibb found a contaminated lot in its Upsa factory in France, Romania’s National Medi...
Association: Amending Energy Law Through Emergency Decree Illegal
Amending the law on the production of renewable energy through emergency ordinance is illegal and breaches European directives, the Romanian Wind Energy Association (RWEA) said Wednesday, wa...
Romania's EU Fund Absorption Rate At 15% In May
Romania attracted EUR712 million in European structural and cohesion fund in the first five months of the year and the country’s fund absorption rate reached only 15% at the end of May, from...
Romania Average Net Wage Up 2.7% In April
Romanian average net salary rose 2.7% to 1,661 lei (EUR377) in April, from RON1,617 a month earlier, largely boosted by one-time bonuses, the statistics institute INS said Wednesday.
Steaua Owner Sentenced To Three Years In Prison In Bribery Case
George Becali, owner of football team Steaua Bucharest, has been sentenced to three years in prison for attempting to bribe the players of a team whose win would have secured Steaua’s champi...
Banks To Lose RON5B If Forced To Vet Contracts For Possible Abusive Clauses
Romanian commercial lenders are likely to incur aggregate losses of some 5 billion lei (over EUR1.1 billion) following the potential implementation of a regulation allowing collective lawsui...
Romania To Simplify Expropriation Procedures To Finish Romania-Moldova Gas Pipeline
Romania’s Government will simplify expropriation procedures in view of public utility works, Prime Minister Victor Ponta said Tuesday, adding expropriation issues have prevented authorities...
Romania Antitrust Body To Assess Impact Of Lufkin’s Takeover By GE
The Romanian Competition Council will analyze whether the planned acquisition of Lufkin Industries Inc.’s local assets by US General Electric breaches antitrust regulations, the Council said...