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Romania Runs Budget Deficit Of RON2.44B In Jan-Feb
Macroeconomics

Romania Runs Budget Deficit Of RON2.44B In Jan-Feb

Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesda...

Florentina Dragu · 26.03.2013 · 13:05 · 1 min
Romania Private Lending Falls 0.6% To RON222.7B In February
Banks-Insurance

Romania Private Lending Falls 0.6% To RON222.7B In February

Romanian private lending fell 0.6% in real terms to 222.7 billion lei (EUR50.5 billion) in February, from RON223.4 billion a month earlier, central bank data showed Tuesday.

Bogdan Neagu · 26.03.2013 · 11:33 · 1 min
Ponta: Lowering VAT On Bread Requires Funds Of RON120M For 2H/2013
Social/Politics

Ponta: Lowering VAT On Bread Requires Funds Of RON120M For 2H/2013

Reducing the value added tax on bread from 24% to 9% requires provisions of 120 million lei (EUR27.2 million) for the second half of the year, Romanian Prime Minister Victor Ponta said Monda...

Ioana Tudor · 25.03.2013 · 16:16 · 1 min
Voluntari CityHall Mulls Taking RON70M Loan For EU-Funded Project
Banks-Insurance

Voluntari CityHall Mulls Taking RON70M Loan For EU-Funded Project

The cityhall of Voluntari, a town nearby Romania's capital city Bucharest, aims to take a 70 million lei (EUR15.87 million) loan, on a 10-year period, to co-finance public investments develo...

Manuela Panescu · 25.03.2013 · 14:55 · 1 min
Social/Politics

Romania’s Former Chief Anticorruption Prosecutor Appointed Constitutional Court Judge

Romania’s former chief anticorruption prosecutor Daniel Morar was appointed judge at the Constitutional Court by President Traian Basescu, for a nine-year term.

Oana Gavrila · 25.03.2013 · 13:37 · 1 min
Antonescu: Romania’s New Government Has Yet To Take Economic Recovery Measures
Social/Politics

Antonescu: Romania’s New Government Has Yet To Take Economic Recovery Measures

For the first time, a high official of Romania’s ruling coalition admits that businesspeople have every reason to be dissatisfied because the new government has not taken any concrete measur...

Ecaterina Craciun · 25.03.2013 · 00:00 · 1 min
EU Allots EUR24M To Help Redundant Workers In Several Countries, Including Romania
Social/Politics

EU Allots EUR24M To Help Redundant Workers In Several Countries, Including Romania

The European Commission (EC) has paid EUR24.2 million from the European Globalization Fund (EGF) to several EU member states, including Romania, to help 5,271 redundant workers back into emp...

Ioana Tudor · 22.03.2013 · 18:08 · 1 min
SIF Banat-Crisana Mulls Bid For Majority Stake In Romanian Postal Company
Capital Market

SIF Banat-Crisana Mulls Bid For Majority Stake In Romanian Postal Company

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Friday announced plans to attend an auction for the sale of 51% in state-run postal company Posta Romana.

Florentina Dragu · 22.03.2013 · 16:37 · 1 min
Ciolos: Romanian Farmers Pay The Price Of Others’ Irresponsibility In Milk Scandal
Retail&Consumer

Ciolos: Romanian Farmers Pay The Price Of Others’ Irresponsibility In Milk Scandal

Romanian milk producers are the victims of an attack against the quality and safety of local products, but pouring milk on the fields is an extreme gesture of farmers that could go bankrupt...

Manuela Panescu · 22.03.2013 · 16:27 · 2 min