Social/Politics
Romanian Government Gets RON502M in Back Dividends from Enel
Romania's government has recovered RON502 million in dividends owed for its minority stakes in three companies owned by Italian utility group Enel.
Romanian President Designates Florin Citu For Prime Minister
Romanian President Klaus Iohannis on Wednesday designated liberal Florin Citu for prime minister.
EC Country Report: Romania Made No Progress to Improve Public Pension System
Romania has made no progress on the fiscal framework and the public pension system, skills, minimum inclusion income, predictability of decision-making and the corporate governance of state-...
European Commission Approves State Aid for Romania's Tarom
The European Commission said Monday it has approved Romania's plans to grant a temporary loan of approximately EUR36.7 million (around RON 176 million) to the state-owned flag carrier Tarom.
Nuclearelectrica Considers Self-Funding Third Nuclear Unit
Romanian state-owned nuclear power producer Nuclearelectrica may build a third nuclear reactor at the power plant in Cernavoda on its own, relying on its cash flow and on bank loans, company...
Finance Minister Says Central Bank Could Lower Interest Rates
Romanian finance minister Florin Citu said Thursday the central bank could lower interests as soon as possible if it intends to do so.
Romania Must Negotiate Lowering Its Budget Gap Without Hindering Growth
Romania's finance minister Florin Citu said Thursday the country's budget deficit would go back below the 3% of GDP limit in 2022 and Romania needs to negotiate its deficit lowering speed wi...
EIB Support for Projects in Romania Amounts to EUR865M in 2019
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guaran...
Isarescu: Gold Reserve Repatriation Entails Massive Costs
Romania's central bank governor Mugur Isarescu said Tuesday repatriating the country's gold reserve would not be profitable as at it entails costs 10 to 20 times higher than the commission p...