Social/Politics
Ponta Confirms Romania Will Seek EU Permission To Convert Posta Romana Debts Into Shares
Romania’s government is hoping the European Commission will allow it to convert some of the debts of state-owned postal company Posta Romana into shares so it can privatize the company, Prim...
Romania Terminates Transylvania Highway Contract With Bechtel
Romania has terminated the contract with U.S. constructor Bechtel to build the Transylvania Highway, according to Minister-delegate for Infrastructure Projects Dan Sova.
IMF To Review Romania Stand-By Agreement On June 26
The Executive Board of the International Monetary Fund will review Romania’s performance under a EUR3.6 billion stand-by agreement on June 26, people close to the matter told Mediafax Wednes...
Romania To Seek EC Permission To Convert Posta Romana Debts Into Shares
Romania’s government will ask the European Commission to approve the conversion into shares of the state budget debts registered by postal operator Posta Romana, and the company’s 107 millio...
Firms With New Debts To State Budget May Ask For Second Debt Restructuring
Romanian firms that amassed new debts to the state budget, after they had their older debts rescheduled, and were recently checked by tax authority ANAF may ask for a new debt restructuring,...
State Company Managers Make Up To RON66,000/Month – Official Document
Romanian state-owned company managers make between 11,250 lei (about EUR2,600) and RON66,642 per month, and executive board members earn RON132 to RON33,000 monthly, according to a document...
EU: Romania Should Continue Reforms, Better Performance Needed
The European Commission Wednesday recommended Romania continue its economic and social reforms undertaken under a EUR5 billion loan agreement with the International Monetary Fund and the EU,...
Posta Romana To Lay Off About 4,500 Employees Starting July 1
Romanian state-owned postal company Posta Romana will lay off 4,458 employees starting July 1, downsizing its staff by 14%, according to an official document obtained by Mediafax Wednesday.
Investors Interested In Posta Romana Have Until June 30, 2014 To File Bids
Romanian state-owned postal operator Posta Romana will be restructured in 180 days and potential investors have until June 30, 2014 to file binding bids for the privatization of the company,...