Social/Politics
Romania’s Grain Production Fell 39% In 2012 To 12.7 Mln Tons
Romania’s corn and wheat production fell 52% and 28.4%, respectively, last year and the crop yield was the lowest in the European Union despite the country’s large cultivated areas, statisti...
Transgaz Offering On Schedule: Price Comes Next Week
The prospectus for the sale of 15% in Transgaz Medias (TGN.RO) has been finalized and sent to the National Securities Commission (CNVM) for approval. The only step left is for the Romanian G...
Romanian Savers Split Up Deposits, Isarescu Says
Romanian central bank governor Mugur Isarescu Thursday said households have started to split up their bank deposits amid concern over the situation in Cyprus.
Romania Central Bank Leaves Key Rate At 5.25%
Romania’s central bank kept its key rate unchanged at 5.25% for the eight consecutive meeting Thursday, a day after the bank’s chief warned of lingering inflationary expectations.
President Signs Decree Appointing Ponta Interim Justice Minister
President Traian Basescu on Thursday signed the decrees releasing Mona Pivniceru from the duties as justice minister and appointing Prime Minister Victor Ponta interim justice minister.
Work On Top Ten Highway Construction Sites Slows Down Significantly In February
The ten leading highway construction sites in Romania, with a total length of around 250 km, have already spent EUR1 billion of the expected overall cost of EUR1.8 billion, but they are very...
Romania Invests EUR10M In Center Of Excellence For Creative Industries, IT In NW Romania
Romania will invest around EUR10 million in the construction of a Regional Center of Excellence for Creative Industries and IT in the northwestern Cluj county, for the production of movies.
Mona Pivniceru Resigns As Justice Minister
Mona Pivniceru has resigned from the position of Justice minister after she was appointed judge at the Constitutional Court Tuesday, Prime Minister Victor Ponta said Wednesday.
Government OKs Transfer Of Transelectrica, Transgaz To Finance Ministry - Sources
Romania’s Government on Wednesday approved a decision to transfer the control over the shares in state-run power grid operator Transelectrica (TEL.RO) and natural gas transporter Transgaz (T...