Social/Politics
Romania Likely To Lose EUR3B If Cernavoda Project Not Completed - Report
Giving up the planned construction of two additional nuclear reactors at Romania’s power plant in Cernavoda would likely trigger losses of some EUR3 billion for the local economy, according...
INS: Romanian Executives Expect Economy To Improve In May-July
Romanian executives estimate all economic sectors will see higher activity levels in the May-July period compared with the previous three months, the statistics institute INS said in a surve...
Romania Issued More Housing Permits In April
Romanian housing permits rose 17.9% to 3,594 units in April, from 3,049 units a month earlier, the country’s statistics institute INS said Tuesday.
Romania Jan-April Budget Deficit Widens To 1.2% Of GDP
Romania’s consolidated budget posted a deficit of 7.5 billion lei (EUR1.72 billion) in the first four months of 2013, equal to 1.2% of the gross domestic product, Finance Ministry data showe...
CEC Bank To Borrow EUR25M From CEB To Finance SME Projects
Romanian state-owned lender CEC Bank will borrow EUR25 million from the Council of Europe Development Bank (CEB) to finance investment projects developed by small and medium-sized enterprise...
Eurostat: Household Electricity Price Up 4.4% In Romania In 2H/2012
Household electricity prices rose 4.4% in Romania in the second half of 2012 to EUR10.8 per 100 kWh, while the price adjusted for purchasing power is double and exceeds the EU average, offic...
BNR: Romania Private Lending Falls To RON220B In April
Romanian private lending fell 1.9% in real terms to 220 billion lei (EUR50.4 billion) in April, from RON223.8 billion a month earlier, central bank data showed Monday.
Formerly Nationalized Bucharest Ambasador Hotel Returned To Owner’s Heirs
The land and building of the Ambasador hotel in Bucharest have been returned in kind to the heirs of its former owner, architect Arghir Culina, after ten years of litigation.
Romania Halves Funds For Building Consolidation In 2014-2016
Romania’s Government will halve state budget funds for local authorities to consolidate homes considered to have high seismic risk, despite warnings that many buildings might collapse in cas...