Social/Politics
IMF Board Approves Fifth Review Of Deal With Romania
The International Monetary Fund's Board on Friday approved the fifth review of the precautionary deal with Romania, and will make available a new EUR475 million tranche of the total EUR3.5 b...
Romanians Pay More For Electronics Than EU Average
The prices of consumer goods and services in Romania are 60% of the European Union average, but Romanians pay more for electronics and about the same as the EU average for clothing and perso...
GfK: 30% Of Romanians Say Their Financial Situation Will Worsen In Next 12 Months
Less than 30% of Romanians believe that the financial situation of their household will worsen in the next 12 months, and almost a quarter of them expect the situation will improve, accordin...
Romania To Extend By One Year Deadline To List Key State Companies
Romania’s government extends by one year, until December 31, 2013, a deadline to list minority stakes in several state-owned companies on the Bucharest Stock Exchange and on international ma...
Romania To Cut Staff In Defense Sector By 11.4%, To 1,571 Employees
Romania's Government will limit the average number of employees in the defense sector to 1,571 this year, 11.4% less than the size of the staff in 2011, under a draft decision by the Economy...
Romania Might Apply 50%-100% Deduction For Firms’ Research Expenses
Romanian firms’ research and innovation expenses might be 50% to 100% deductible, possibly starting next year, Economy Minister Daniel Chitoiu said Friday.
Sorin Ovidiu Vintu Sentenced To One Year In Prison For Blackmail
The Bucharest Court of Appeals on Thursday sentenced businessman Sorin Ovidiu Vantu to one year in prison for blackmailing former Realitatea Media manager Sebastian Ghita.
ANRE: Hidroelectrica Will Operate During Insolvency, No License Withdrawn
Romania’s energy regulator ANRE Thursday said it will not cancel or withdraw any authorization or license held by state-owned hydropower producer Hidroelectrica, which entered insolvency Wed...
Romania Expects Scorching Heat In Most Regions Friday
Romanian meteorologists have issued an orange code advisory expecting temperatures of up to 38 degrees Celsius Friday in western, southern and eastern Romania.