Social/Politics
Ponta Says Hungarian Parliament Head Not Welcome In Romania
Romanian Prime Minister Victor Ponta on Thursday said the actions and activity in Romania of Hungarian Parliament president Laszlo Kover are being closely monitored to see if he breaks the l...
May, A Good Month For EU Fund Absorption: EUR253M Entered The Economy
Romania obtained non-reimbursable EU funds worth a total of EUR253 million in May, raising the actual absorption rate to 8.7%, 1.3 percentage points higher than at the end of April. May was...
Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu
The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stabilit...
Government Eliminates Barriers To Opening Hypermarkets, After EU And IMF Pressure
Romania's Government has repealed a decision issued in 2004 that restricted the opening of large shopping centers, in the wake of pressure from the European Commission and the International...
CFR Gets State Loan To Pay Debts To Energy Suppliers
Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent.
Roman Copper’s Claims Regarding Cupru Min Groundless – Privatization Office
Romania’s industry privatization office OPSPI considers that Canadian-based Roman Copper’s claims regarding the privatization of copper producer Cupru Min Abrud are groundless, OPSPI head Re...
Hidroelectrica CEO Replaced With Former CEZ Executive
Dragos Zachia, chief executive officer of Romanian hydropower producer Hidroelectrica, will be replaced by Stefan Gheorghe, a former executive in the CEZ Romania group.
Georgescu: No Way The Leu Will Trade At 5 Units Vs Euro In 2012
Romanian Finance Minister Florin Georgescu Wednesday said the national currency will “in no way” fall to 5 units against the euro in 2012, despite its recent depreciation.
Government Cuts Protocol Spending, Bans Public Institutions From Buying Consultancy Services
Romania's Government has barred public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...