Social/Politics
Romania Wants To Recover Debts Of $1B From Several African, South American States
Romania should recover debts amounting to about $1 billion from several African and South American states which had economic relations with the country during the communist regime, Foreign A...
Leu Depreciation Could Benefit Local Currency Lending And Exports, But Strikes At Trust And Inflation
The leu's depreciation towards 4.4 against the euro could support the strategy recently adopted by Romania's central bank to encourage lending in lei, and could amount to a breath of fresh a...
Ministries In Charge Of EU Fund Management May Hire Extra Staff – Draft
The Romanian ministries in control of structures responsible for EU fund management will be allowed to hire temporary employees, according to a draft ordinance published on the website of th...
S&P Cuts Bucharest To ‘BB’ And Withdraws Ratings
Standard & Poor's Ratings Services Tuesday said it has lowered its long-term issuer credit ratings on the Romanian City of Bucharest to 'BB' from 'BB+' and subsequently withdrew its ratings,...
Bode: Energy Price Deregulation To Start In September
The gradual removal of electricity price regulation will only involve one stage for this year, as the market is 15% deregulated for industrial consumers in September, according to Economy Mi...
Procurement Settlement Board Cancelled Tenders Worth EUR1.3B In 2011
Romania's National Contestation Resolution Council (CNSC) last year cancelled public procurement tenders worth an estimated EUR1.3 billion, compared with EUR2.7 billion in the previous year,...
Land Is Romania's Main Means Of Production And Must Not Be Sold Off – Farming Association
Land is Romania's main means of production and a national possession that must not be sold to foreign interests, Laurentiu Baciu, head of agriculture producers' association LAPAR, said in a...
Economy Ministry Radicalizes Stance On “Wise Guy” Deals In Energy
Authorities will terminate the bilateral contracts concluded by Romanian state-owned hydropower producer Hidroelectrica with the so-called “wise guys”, if the energy buyers refuse new terms,...
Prime Minister Wants Parliament To Endorse Anticorruption Strategy
Romanian Prime Minister Mihai Razvan Ungureanu will propose the signing by the Parliament of a political declaration on the application of the 2012-2015 National Anticorruption Strategy, whi...