Social/Politics
Romania Aims To Sell 15% in Transgaz For Up To RON400M
The Romanian Finance Ministry on Thursday will launch a public offering to sell 15% in natural gas transmission company Transgaz (TGN.RO) at a price between 171 lei (EUR39) and RON230 (EUR52...
Romania Sent Refund Requests Worth EUR388M To EC In March
Romania sent refund requests worth over EUR388 million to the European Commission in March, the European Fund Ministry said Wednesday.
Romania Names George Baesu In Petrom’s Supervisory Board
The president of Romania’s Property Restitution Authority (ANRP), George Baesu, has been appointed the state’s representative in the Supervisory Board of oil company OMV Petrom (SNP.RO), peo...
Privatization Announcement For CFR Marfa To Be Published Friday
Romanian Prime Minister Victor Ponta on Wednesday said the privatization announcement for state-owned freight railway carrier CFR Marfa will be published Friday, April 5.
Romania’s Applying Lower VAT On Bread Depends On Reverse Taxation For Cereal
Romania’s Government will decide whether to apply a lower sales tax, of just 9% instead of 24%, on bread alone or the entire wheat-bread chain depending on the European Commission’s plans re...
Romania Economy Grew Better Than Expected At 0.7% In 2012
Romania’s economy grew at a faster 0.7% than previously estimated in 2012, reflecting a smaller negative impact from industry and a positive contribution of the retail sector, revised data f...
Ponta Proposes Kovesi For Chief Anticorruption Prosecutor, Tiberiu Nitu For Prosecutor General
Romanian Prime Minister Victor Ponta on Wednesday nominated Laura Codruta Kovesi for head of the National Anticorruption Department and Tiberiu Nitu for prosecutor general.
Constantin: Lowering VAT On Bread Will Bring Added Revenues To Budget
Reducing the value added tax on bread from 24% to 9% starting 2013 will bring higher revenues to the state budget, will fight tax evasion and will either decrease or stabilize bread price fo...
Nita: Romanian Energy System Must Be Reorganized
Romania's energy system must be reorganized as a result of the market liberalization and the splitup of companies on types of resources, minister in charge Constantin Nita said Tuesday.