Social/Politics
Avioane Craiova Inks Deal With Defense Ministry To Repair, Maintain Light Fighters
Romanian state-owned plane maker Avioane Craiova (AVIO.RO) signed a frame-contract with the Defense Ministry to repair and maintain jet trainers IAR 99 Soim, union leader Victor Peta said Mo...
Romania Sentences Former Agriculture Minister To 7 Years In Prison For Embezzlement
Romania’s Supreme Court on Monday issued a definitive ruling sentencing former agriculture minister Ioan Avram Muresan to seven years in prison for embezzlement.
Informal Employment Causes Losses Of EUR2.7 Bln/Year To Romania's Budget
One year after the entry into force of Romania’s new Labor Code, the economy has recovered only 100,000 jobs of more than 650,000 it had lost during the crisis. However, one in three Romania...
UK Ambassador Says EU Funds Absorption Is Top Priority For Romania
British Ambassador to Bucharest, Martin Harris, said Sunday in an interview for PRO TV that the absorption of European Union funds is a top priority for the Romanian Government, which, he ad...
Romania Budget Gap Widens To RON5B In First 4 Months
Romania’s consolidated budget posted a deficit of 5 billion lei (EUR1.1 billion) in the first quarter, equal to 0.83% of the gross domestic product, Finance Ministry data showed Friday.
U.S. Department Of State: Romania Has Problems With Corruption, Biased Judiciary
The U.S. Department of State says, in its 2011 report on human rights practices, that Romania continues to have problems with corrupt public officials, a sometimes partial judicial system, a...
Competition Council: Hidrolectrica Inquiry Needs More Time
Romanian Competition Council’s probe into preferential tariffs at state-run hydropower generator Hidrolectrica will be completed by the end of the year at the earliest, Council president Bog...
Antitrust Body To Complete Gas Market Probe In Upcoming Months
Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several co...
Leu Depreciation Adds EUR100M To Borrowers’ Bill
The depreciation of the leu and the rise in money market interests add extra charges to the bill of the four million Romanians who took out loans from banks.