Social/Politics
Romania Wants To Write Off Part Of Posta Romana Debts To Make It More Attractive To Investors
A part of the debts to the state budget of state-owned postal company Posta Romana will be written off through the transfer of the shares of stamp issuer Romfilatelia, entirely owned by the...
Transgaz Offering To Be Split Into Three Packages For Large, Small Investors
Romania’s planned secondary public offering of 15% in state-run natural gas transporter Transgaz (TGN.RO) will include three separate packages for corporate and retail investors, with small...
Romania Has 140 People With Assets Exceeding $30M - Survey
About 140 Romanians have net assets worth over $30 million and their number might increase 34% by 2022 to 184 people, according to a survey by company Knight Frank.
Romania Had 5.48 Mln Pensioners In 2012, Average Pension 2.7% Higher
Romania had 5.487 million pensioners last year, 102,000 fewer than in 2011, and the average monthly pension increased 2.7% to 773 lei (EUR175), the country’s statistics institute INS said Mo...
Tourist Arrivals In Romania Up 22.2% On Year In February
Tourist arrivals in Romania rose 22.2% in February from the year-earlier month, while overnight accommodations were up 22.6% on the year, the statistics institute INS said Monday.
Romanian To Cut Staff By 15% In Public Institutions’ Central Structures
Downsizing public administration staff by 15% might also entail layoffs in the central apparatus of ministries, Romanian Finance Minister Daniel Chitoiu said Sunday.
Lowering VAT On Bread Not Feasible As Romania Lacks Revenues To Offset Loss
Reducing the value added tax on bread from 24% to 9% starting 2013 would have a significant impact on the state budget and, although in theory the measure may curb tax evasion in the bread i...
Romania May Export Natural Gas To EU
Romania may export natural gas to other European Union member states provided that there are interconnection points between their transport systems, the country’s energy regulator ANRE said...
Ponta: EU Against New Aid For Oltchim, Layoffs Necessary
Romanian Premier Victor Ponta said Friday the only solution left for insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) is the company’s restructuring and further layoffs as the Eur...