Social/Politics
Romania Extends By Six Months Posta Romana Privatization Deadline
Romania’s Government Wednesday decided to extend by six months the deadline to sell a majority stake in state-owned postal operator Posta Romana after no investor was interested in buying th...
EU Says Romania Should Be Removed From Deficit Procedure
The European Commission Wednesday recommended Romania be removed from the list of countries with excessive deficits in light of the country’s progress in lowering the budget gap below the bl...
Romania Caps Wages Of State Company Managers
Romania’s government will cap the monthly pay of state-owned company executives at six average gross wages in the field the company is present and bonuses will be granted considering perform...
Coface: Romania Ranks First In Central Europe By Number Of Insolvencies In 2012
The number of insolvencies will increase 10% in Romania in 2013, similar to last year, when 23,665 firms defaulted on their debts, according to a survey conducted by rating agency Coface, wh...
E.ON Romania Says State Aid Vital For Planned 800 MW Power Plant In Braila
Romania’s long-delayed project to build a EUR1 billion thermal power plant in the eastern county of Braila is not likely to materialize unless the government considers granting state aid to...
Romanian Parliament Lowers Referendum Required Quorum To 30%
Romania’s Chamber of Deputies on Wednesday voted 221 to 73 and two abstentions to lower the required quorum on a national referendum to 30% from 50%.
Transport Ministry Seeks Brokers For Traian Vuia Airport Public Offering
The Romanian Transport Ministry will organize a new auction to select brokers to advise on a secondary public offering of 5% in the Traian Vuia Airport in the western city of Timisoara, afte...
No Potential Investor Buys Taskbook For Posta Romana Privatization
No potential investor has bought the taskbook for the privatization of Romanian state-run postal company Posta Romana until May 28 deadline, the company’s general manager Ion Smeeianu told a...
Romania Could Import Uranium Concentrate To Sustain Electricity Production
Romania’s attempts to import uranium metal from Kazakhstan and Jordan have been unsuccessful and the country’s only viable solution to ensure electricity production would be to import uraniu...