Social/Politics
INS: Adjusted Construction Works Down 5.1% On Year In 1Q
Romanian construction works fell 5.1% in the first three months of 2013 from the year-earlier period, due to a 13.5% drop in new constructions, the statistics institute INS said Monday.
EBRD Financing To Romania Higher Than EUR600M In 2012
The business volume of the European Bank for Reconstruction and Development (EBRD), a multilateral financial institution which includes Romania among its shareholders, stood at EUR612 millio...
EBRD Sees 2.2% GDP Growth In Romania In 2014
Romania’s economic growth is likely to accelerate to 2.2% in 2014, after an increase of 1.4% predicted this year, the European Bank for Reconstruction and Development said in a report Friday...
Constitutional Court Overrules Opposition’s Claims Over Nationalized Property Bill
Romania’s Constitutiaonl Court on Friday rejected the opposition Democratic Liberal Party’s claim of unconstitutionality on the recently adopted property restitution bill, people close to th...
INS: Romania's Power Output Down 7.7% On Year In January-March
Romanian energy output fell 7.7% on the year to 5.44 million tons of oil equivalent in the first quarter, hurt by falling production in the thermal and nuclear sectors, official data showed...
World Bank President: Romania Has Highest Poverty Levels In EU
Despite good progress, Romania remains the country with the highest poverty levels in the European Union, and more than 30% of the population lives on less than $5 per day, said World Bank P...
Craiova-Pitesti Highway Investment To Be Recouped From Road Tolls In Up To 60 Years, Twice The Concession Period
The investment in the Craiova-Pitesti highway or expressway, which is set to be built under concession for EUR1,7 billion or around EUR40 million per km, will be recouped only from road toll...
Romania To Increase Welfare To Offset Higher Energy Bills
Romania’s Government will increase welfare starting July 1, 2013 to counterbalance higher electricity and natural gas bills following price hikes, Prime Minister Victor Ponta said Thursday.
S&P Affirms Romania Ratings At 'BB+/B' With Stable Outlook
Standard & Poor's Ratings Services Thursday affirmed its 'BB+/B' long- and short-term foreign and local currency sovereign credit ratings on Romania, with stable outlook.