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Macroeconomics

Moody’s: Romania Outlook Incorporates ‘Fair Degree’ Of Political Uncertainty

Moody’s sovereign outlook on Romania came with a built-in leniency for persistent political uncertainty ahead of the parliamentary elections in the fall, and the government’s collapse should...

Florentina Dragu · 27.04.2012 · 17:03 · 1 min
Basescu Invites Parties To Talks On Nominating New PM
Social/Politics

Basescu Invites Parties To Talks On Nominating New PM

Romanian President Traian Basescu has invited political parties to separate discussions on nominating a new prime minister, after the Government led by Prime Minister Mihai Razvan Ungureanu...

Ioana Tudor · 27.04.2012 · 16:14 · 1 min
Romanian Government Overthrown In No-Confidence Vote
Social/Politics

Romanian Government Overthrown In No-Confidence Vote

Romania's center-right government led by Prime Minister Mihai Razvan Ungureanu received a no-confidence vote in Parliament Friday.

Ioana Tudor · 27.04.2012 · 15:03 · 1 min
Rejection Rate Of Auction Files Checked By Romanian Procurement Regulator Falls To 50%
Social/Politics

Rejection Rate Of Auction Files Checked By Romanian Procurement Regulator Falls To 50%

Romanian Authority for Public Procurement Regulation and Monitoring (ANRMAP) has checked 30,000 auction files since last fall, and the rejection rate has decreased to 50% from 80%.

Ioana Tudor · 27.04.2012 · 13:03 · 1 min
Top Projects Completed After Five Years Of EU Funding: Training Courses, Danube Depth Measurements And Master Plans
Social/Politics

Top Projects Completed After Five Years Of EU Funding: Training Courses, Danube Depth Measurements And Master Plans

The best proof that Romania is lagging behind in terms of attracting European funds was given on Wednesday during a visit by the president of the European Council.

Radu Bostan · 27.04.2012 · 00:00 · 2 min
Energy

Chinese Businessmen Keen On Investing In Romania’s Agriculture, IT, Energy Sectors

Chinese businessmen have expressed interest in investing in projects in Romania’s sectors of agriculture, information technology, infrastructure and energy.

Ecaterina Craciun · 26.04.2012 · 14:55 · 1 min
Romanians With Low Household Water Consumption Spend More To Evacuate Rainfall
Social/Politics

Romanians With Low Household Water Consumption Spend More To Evacuate Rainfall

Rainwater evacuated through the public sewage system in Romanian towns costs more than household water, because of an anomaly in a price formula that has not been improved in decades, despit...

Radu Bostan · 26.04.2012 · 14:20 · 2 min
Social/Politics

Development Minister Signs Four EU-Funded Infrastructure Upgrade Contracts Worth RON103M

Romanian Development Minister Cristian Petrescu on Thursday signed four contracts worth about 103 million lei (EUR23.5 million) for upgrade works in Bacau, eastern Romania.

Ioana Tudor · 26.04.2012 · 13:58 · 1 min
Orban Calls For Reduced Red Tape In EU Funds Accession
Social/Politics

Orban Calls For Reduced Red Tape In EU Funds Accession

Romania’s European Affairs Minister Leonard Orban on Thursday said he will submit to the Government in two weeks a memorandum including measures to simplify bureaucratic procedures allowing...

Ecaterina Craciun · 26.04.2012 · 13:23 · 1 min