Social/Politics
Romania To Restore Casino in Constanta for RON111M
Romania's government has announced it will start consolidation and restoration works on the historical Casino building on the boardwalk in Constanta, southeast Romania, for an estimated RON1...
Romania, Chinese Investors Sign Preliminary Agreement to Build Nuclear Units 3, 4 in Cernavoda
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, China General Nuclear Power Corporation and CGN Central and Eastern Europe Investment si...
Forecast Commission Sees GDP Growth of 5.5% in 2019, to RON1.03 Trillion
Romania's economy is seen growing 5.5% this year, to a gross domestic product of RON1.03 trillion, according to the spring forecast release Tuesday by the National Forecast Commission.
Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index
The Romanian Senate has adopted tacitly, without debate, a bill approving the government emergency decree that replaces the reference index on consumer loans with variable interest.
Government Claims 35% of Nuclearelectrica's Reserves
The Romanian government has required state-owned nuclear power company Nuclearelectrica to give it 35% of the amounts set as other reserves either as dividends or payments to the state budge...
Central Bank Deputy Governor Liviu Voinea Appointed Romania's Representative to the IMF
Romania's central bank deputy governor Liviu Voinea has been appointed the country's representative to the International Monetary Fund and will serve as senior advisor to the IMF executive d...
Public Sector Salary Spending Doubled in Four Years
Public sector personnel spending reached 15.7 billion lei (EUR3.3 billion). At the current increase rate, the public sector salaries will reach RON108 billion this year, double the level of...
Romanian Parliament Passes Bill to Repatriate Gold Reserve
Romania’s Chamber of Deputies passed on Wednesday, as a deciding body, a bill initiated by the ruling Social Democrat Party (PSD) to repatriate most of the country's gold reserves deposited...
Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the International Bank for Reconstruction and Development...