Social/Politics
Romania Annual Inflation Falls For Second Month In March
Romania’s inflation eased for a second straight month in March thanks to a monthly dip in food and non-food prices, official data showed Wednesday.
Wind Farm Production Drags Electricity Prices Down 40%
The average electricity price dropped almost 40% in the first quarter of the year, and the trading price on the day-ahead (spot) market is now closer to the price in the similar period of 20...
Dacia And Ford Drive Romania's Exports Up 10% in February
Exports rose 10% in February 2013 against the same month of the previous year, driven mainly by the auto sector, more specifically the contribution of Ford, which was nonexistent in the firs...
Erste Maintains Romania GDP Growth Forecast At 1.1% In 2013
Austria’s lender Erste Group Bank AG (EBS.RO) Tuesday maintained its forecast on the Romanian economic growth unchanged at 1.1% in 2013, saying possible falling exports to foreign markets, a...
Small Investor Demand For Transgaz SPO Exceeds Available Supply Three Times
A secondary public offering of 15% in Romanian state-run natural gas transporter Transgaz drew hefty demand from small investors in the first three days of the issue, with subscriptions exce...
Nearly 1,000 Oltchim Employees Protest Outside Government Building
Nearly 1,000 employees of insolvent state-owned chemical plant Oltchim Ramnicu Valcea and its petrochemical unit in Bradu are protesting outside the government building in Bucharest Tuesday,...
Romania Jobless Rate Slightly Down To 5.58% In March
Romania's unemployment rate inched down to 5.58% in March, from 5.78% a month earlier, the country’s employment agency ANOFM said Tuesday.
Money For Badly Needed Repairs Of Railroad Tracks Can Only Cover 13 Km Out Of 5,900 Km
Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public...
Porsche Leasing Romania Files Single Bid For Posta Romana’s Car Fleet
Porsche Leasing Romania submitted, at the end of March, the only offer within the auction set up by state-run postal company Posta Romana to award a contract estimated at EUR8.23 million, VA...