Social/Politics
Romanians Vote To Elect Mayors, County And Local Councilors Sunday
Over 18.3 million eligible Romanian voters and 37,704 foreign residents in Romania are set to elect their mayors, county councilors and local councilors for the next four years this Sunday,...
Insurers That Cover Natural Disasters Must Hold Reserves Based On Subscriptions
Romanian insurers that cover natural disasters must hold reserves based on estimations regarding underwritten premiums on this segment and their reinsurance programs, according to norms draw...
Government: Privatization Of Power Plants To Continue
The Romanian government has pledged to continue a key privatization program in the energy sector agreed with the International Monetary Fund by selling majority stakes in four new power comp...
Opposition Democrat Liberals File Criminal Complaint Against Ponta For Abuse Of Office
The Romanian opposition Democratic Liberal Party (PDL) on Friday filed a criminal complaint against Prime Minister Victor Ponta for abuse of office regarding the Government ordinance withdra...
Government Revises Debt Rescheduling System To Relieve Posta Romana Of Quick Payment To State
The Romanian Government has revised for the first time the debt rescheduling system enforced last year to relieve state-owned postal company Posta Romana of immediately paying its overdue de...
Arad Authorities Get EUR9M Loan From EBRD To Buy New Trams
Local authorities in Arad, western Romania, and the EBRD on Friday signed a EUR20 million loan agreement, with EUR9.4 million to be used to buy six new trams and the difference to refinance...
How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5
The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an incr...
Ponta Replaces Head Of Energy Regulator
Dan Iulius Plaveti has been recalled as president of Romania's National Energy Regulations Authority, by order of Prime Minister Victor Ponta, and replaced with Niculae Havrilet, former head...
Transavia Completes EUR4M Investment In Feed Plant In Alba County
Poultry meat processor Transavia completed a EUR4 million investment in its feed production facility in Santimbru, Alba County.