Social/Politics
Prosecutors Extend Travel Ban For Former ANAF Head
Romanian anticorruption prosecutors on Monday extended by 22 days the interdiction for former head of tax authority ANAF, Sorin Blejnar, to leave the country after he was placed under crimin...
Absorption Target For 2012 Of EUR3B In EU Funds Is Officially Missed
The European Commission sent refunds worth EUR96 million to Romania in July, these being the last funds that the EU has sent into the local economy until the European officials finalize thei...
Romanian Agriculture After Five Years Of EU Funds: 2.5M-Ton Silos, 9,000 Tractors And 25% More Fertilizer
Romanian farmers have received almost EUR4 billion for investment projects in the six years the EU has been pumping funds into agriculture. But what is the actual impact of these funds on ag...
Hidrolectrica To Gradually Lower Electricity Deliveries On Regulated Market
Romanian insolvent power producer Hidroelectrica will be able to gradually cut back deliveries on the regulated energy market starting with September 1, the company’s legal administrator Eur...
Hidroelectrica Won't Beat Insolvency Any Time Soon - Administrator
Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administra...
Foreign Direct Investment Falls To EUR625M In First Six Months
Romanian foreign direct investment, or FDI, were down 28.9% on the year to EUR625 billion in the first half, central bank data showed Monday.
Finance Ministry Deems Negotiation With IMF Team Succesful
Romanian Finance Minister Florin Georgescu said Saturday the negotiation with International Monetary Fund, the European Commission and the World Bank for the sixth review of a EUR3.5 billion...
Fitch Affirms City Of Bucharest Ratings At BBB-
Fitch Ratings on Friday affirmed the Romanian City of Bucharest's long-term foreign currency rating at 'BBB-', the long-term local currency rating at 'BBB' and the short-term foreign currenc...
IMF Rejects Romania's Plan To Lower VAT On Food, Introduce Progressive Taxation – Sources
The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with r...