Social/Politics
Romgaz IPO Delayed Until March 2013
Romania will delay an initial public offering of a 15% stake in natural gas producer Romgaz Medias until March 2013 so that the company’s gas holdings may be assessed by a consultant, the go...
Romania To Appoint Private Managers At Key State-Owned Companies By Yearend
Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transp...
Romanian Gas, Electricity Companies To Pay New Tax On Revenue As Of 2013
Romania’s planned tax on extraordinary revenues in the natural gas and electricity market will be implemented as of January 2013, according to the country’s latest memorandum of economic and...
Parliament To Assemble Monday To Take Note Of Verdict On Referendum
Romania’s Parliament will assemble in plenary meeting Monday afternoon to read out and take note of the Constitutional Court’s verdict on the July 29 impeachment referendum.
ANAF May Take Over Property Tax Collection
Romania’s tax authority ANAF may be in charge with collecting property taxes, after the Government changed in July the formula used to compute these taxes based on the property use, not the...
ANAF To Consolidate 221 Tax Offices To 8 Regional Directorates, 47 Local Tax Offices
Romania’s tax authority ANAF will be reorganized in the next three years and its current 221 tax offices will be consolidated to eight regional directorates and 47 local tax offices, accordi...
Drought Affected 40% Of Romania's Farmland – Agriculture Ministry
Drought has affected more than 3.7 million hectares of Romania's farmland (around 40% of the arable land), and 30.5% of fall 2011 wheat crop has suffered from the lack of water, says a docum...
Hidroelectrica Administrator: Bad Management Widespread In State-Owned Companies
Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by t...
Extreme Heat Expected In Romania Thursday Through Sunday
Romanian meteorologists have issued an orange code warning expecting temperatures of up to 41 degrees Celsius in capital city Bucharest and 21 counties in southern and western Romania Thursd...