Social/Politics
GfK: More Than Half Of Romanians Have Trouble Paying Bills, A Quarter Are In Debt
More than half of Romanians (56%) say they barely manage to cover their current expenses and almost a quarter (24%) say they are in debt, according to a study by GfK Romania, which points ou...
Romanian President Arrives In Berlin To Meet German Counterpart, Chancellor Merkel
Romanian President Traian Basescu arrived in Berlin Thursday and met with German counterpart Christian Wulff.
Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses
Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, t...
Businesspeople Call For Slimmer Government Apparatus, More Investments
Stimulate investments and make sure they are not made only on paper! This is the most important piece of advice that Romanian entrepreneurs have for the government, which should take a close...
Romania To Compensate VAT For EU-Funded Projects Starting Next Year
Romania will consider the VAT for EU-funded projects an eligible cost to be compensated from community funds starting next year, but only for contracts signed after January 1, 2012, and some...
CFR Awards EUR250M Border-Arad Line Upgrade Contract
Romanian railway administrator CFR SA has awarded a contract worth almost EUR250 million, for the upgrade of a 41.2 km rail line from the Hungarian border to the city of Arad, to the consort...
Justice Minister May Start Disciplinary Action Against Judges, Prosecutors - Bill
Romania’s minister of Justice will be allowed to start disciplinary proceedings against judges and prosecutors in grounded cases, according to a bill drafted by the Government.
Romania To Select Consultant For Posta Romana Reorganization By January 31
The future strategic investor of Romania's national postal company, Posta Romana, will be chosen by a consortium made up of an investment bank and a law house, which will be selected by Janu...
CSA To Cut Staff By Up To 10% Starting December 1
Romania’s insurance regulator CSA will reduce its number of offices from 28 to 12 starting December 1 and will cut staff by up to 10%, the institution said in a press release Wednesday.