Social/Politics
Clash Continues But Green Energy Producers Get Subsidies Of Over EUR160M And Investments Go Ahead
Green power has been the hottest topic in the energy sector since the beginning of this year, with the prospect of changes to the support scheme pitching against one another investors, the a...
More Than 3,400 Jobs In Bank Branches Slashed
More than 3,400 employees working in bank branches in Romania left last year in the harshest restructuring phase since the onset of the crisis, while 320 branches closed. Six times fewer peo...
Romania Earmarks RON400M For Car Tax Refund Claims This Year - Finance Minister
Romania’s Environmental Fund budget this year includes 400 million lei (EUR92 million) to cover refund claims on car taxes, Finance Minister Daniel Chitoiu said Monday.
Tarom 1Q Loss Narrows By 24% To RON49M
Romanian state-owned airliner Tarom reported a loss of 49 million lei (EUR1.1 million) in the first quarter of the year, 24% narrower than in the first quarter of 2012 and lower than the RON...
Romania On Track To Exit Excessive Deficit Procedure
Romania has reduced its ESA95 budget deficit to 2.9% of the gross domestic product in 2012, from a gap of 5.6% a year earlier, which should allow it to exit the European Union’s excessive de...
Romania Approves EU Financing For Several Green Energy Projects
The Romanian Economy Ministry Monday signed 11 financing contracts worth 670 million lei (EUR153.4 million) for several energy efficiency and renewable energy production projects.
Transport Minister Says He Has Not Traveled By Train In Many Years
Transport Minister Relu Fenechiu nonchalantly said in an interview Sunday he has not traveled by train in three or four years, not even after he became Minister four months ago. But how can...
Romania-Russia Partnership In Gas Sector Could Be Affected By EU Regulations - Official
The partnership between Romania and Russia in the natural gas sector is working as it should, but things could get bumpy due to some problematic EU regulations, the head of Russian Federal A...
Fitch Affirms Romania At BBB-, With Stable Outlook
Fitch Ratings Thursday affirmed Romania’s long-term foreign currency default rating at BBB-, with stable outlook, as a poor growth outlook and structural shortcomings hindered a potential up...