Social/Politics
EBRD Mulls RON33.2M Loan For Waterworks In NW Romania
The European Bank for Reconstruction and Development, or EBRD, could issue a loan worth 33.2 million lei (EUR7.8 million) to Romanian Apaserv Satu Mare for water and wastewater infrastructur...
Labor Costs In Romania Hit EUR314M/Day, From EUR210M In 2000 - HR Director
Labor costs in Romania have reached EUR314 million per workday, from EUR210 million in 2000, Real Hypermarket HR director Valentin Pauna said Wednesday.
Romania’s Government OKs Chevron For Shale Gas Drilling
Romania’s government approved the exploration and drilling agreements concluded between local mineral resources agency ANRM and US oil group Chevron for three Black Sea blocks.
Constitutional Court Overrules Lustration Law
Romania's Constitutional Court on Wednesday overruled the lustration law, which applies a five-year restriction on certain rights to people who filled various positions during the former com...
Manager Shortlists For Romanian State Companies To Be Finalized By April 30, May 15
The shortlist of private managers for Romanian companies Hidroelectrica, Oltchim and Romarm will be completed by April 30, and the list for Electrica Furnizare will be done by May 15, after...
Bayfront Will Pool Investors To Finance Cupru Min Acquisition
Canadian Bayfront Capital Partners, sole shareholder of Roman Copper, will call on investors from Canada, Europe and the US to pay for the purchase of Romanian copper mining firm Cupru Min,...
Romania's EU Fund Absorption At 24% Of Total Allowance
Romania's minister for EU affairs, Leonard Orban, said Tuesday that the absorption rate in proportion to the country's total allowance of EUR35.4 billion for 2007-2013 is currently 24%.
Parliament Approves New Heads Of Capital Market, Private Pension System Regulators
Romania's Parliament on Tuesday endorsed Carmen Negoita (PDL) as head of the National Securities Commission (CNVM) and Marian Sarbu (UNPR) as head of the Private Pension Supervision Commissi...
Romania To Cut Staff In Defense Sector By 9.2%, To 1,611 Employees
Romania's Government will limit the average number of employees in eight defense companies to 1,611 this year, 9.2% less than the size of the staff in 2011, but the salary fund will be raise...