Social/Politics
Isarescu: Economy Held Down By Fiscal Policies; Monetary Easing Not A Big Help
Romania’s fiscal policy might still be procyclical and it doesn’t really help the economy, central bank governor said Wednesday, mentioning that a more relaxed monetary policy would not help...
Romanian Government Approves RADET- ELCEN Merger - Sources
Romania’s government approved Wednesday the merger of heating distributor RADET and thermal power producer ELCEN, people close to the matter told Mediafax Wednesday.
Former Envoy To Singapore Sentenced To Three Years In Prison For Hit And Run
Romania’s former charge d’affairs in Singapore Silviu Ionescu was sentenced Wednesday to three years in prison for a hit and run accident he caused in December 2009, killing one person and i...
Financing Through “First Home” Program Reaches EUR3.18B
Financing granted through the state-supported “First Home” program has reached EUR3.18 billion and the default rate is currently 0.1%, according to the National Fund Guaranteeing Loans for S...
OMV Petrom Shuts Down Brazi Power Plant Due To Cold Weather
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it had to shut down its thermal power plant in Brazi because of low natural gas pressure following an unseasonal cold snap.
CFR Calatori Sees 2013 Loss Widening To RON427M
Romanian state-owned passenger railway carrier CFR Calatori estimates a loss of 427.2 million lei (EUR96.8 million) this year, much wider than the loss expected for 2012, of RON296 million.
Transelectrica: Green Energy Producers In Romania Must Cede Part Of State Aid
Renewable energy producers, which receive aid from the state, should be obliged to cede a part of it for electricity network upgrades, an official of Romanian state-run power grid operator T...
FRC Granted Counter-Guarantees Worth EUR662M In 2010-2012
The Romanian Counter-Guarantee Fund (FRC) has granted some 17,000 counter-guarantees worth a total of EUR662 million since its establishment, in 2010.
Lazea, BNR: Romania Has Highest Household Debt To Disposable Income Ratio In Europe
Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday.