Social/Politics
WSJ: Microsoft Accused Of Bribing In Order To Get Government Contracts
Gabriel Sandu, who was a Communications Minister when the Romanian state paid $31 million and signed further contracts worth EUR104 million with Microsoft, rules out corruption after Microso...
IMF Approves Three-Month Extension Of Romania Stand-By Loan
The International Monetary Fund approved a three-month extension of the EUR3.6 billion stand-by loan for Romania until the end of June, the fund said in a statement Wednesday.
Enel Romania: Households Face Higher Electricity Bills, Small Companies To Pay Less
Romania’s planned deregulation of electricity tariffs will lead to higher costs for household consumers, but the duration of the process will make the impact less severe, the head of utility...
Enel Romania CEO: Power Distribution Network In Romania Similar To That In 1995 Italy
Electricity distribution networks in Romania are similar to those in southern Italy back in 1995 and the country needs some 10-15 years to meet current European standards, Luca D'Agnese, chi...
Romania To Grant RON163M Aid For Coal Mine Closure Scheme
Romania will disburse extra 163 million lei (EUR36.8 million) for state-run coal mining company Compania Nationala a Huilei (CNH), part of a financing package to be used in a restructuring p...
Transport Ministry Wants To Upgrade Constanta Port For EUR50M
Romania’s Transport Ministry wants to invest 215.8 million lei (EUR47.3 million) in upgrading the Constanta port by deepening its sailing line and basins, as well as increasing transport saf...
Romania Antitrust Probe Into Lottery Contracts Completed In 2H
Romanian antitrust regulators will finish in the second half of the year a probe into alleged damaging contracts signed by the National Lottery Company and two Greek companies, the head of t...
Oltchim 2012 Loss Doubles To RON403M
Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss more than doubled on the year to 403.3 million lei (EUR90.5 million) in 2012, with sales halvi...
BCR: Romanians' Financial Assets 13 Times Lower Than Germans'
The financial assets of a Romanian, which are generally illiquid assets, are 13 times lower than a German’s, which raises serious questions regarding the financial resources Romanians will e...