Social/Politics
Economy Ministry Publishes Draft Act On Hunedoara Energy Complex
Romania's Economy Ministry has drafted a government decision on the creation of the Hunedoara Energy Complex, through the merger of energy producers Electrocentrale Deva and Electrocentrale...
Bosch May Start New Investment In Cluj - Local Authority
Authorities in Cluj county, western Romania, are holding negotiations with German company Bosch to start a local investment, county council president Alin Tise said Friday.
EBRD Extends EUR13.4M Loan To Improve Water Infrastructure In Dambovita County
The European Bank for Reconstruction and Development will extend a loan of EUR13.4 million equivalent to Romanian Compania de Apa Targoviste-Dambovita to upgrade and expand its water service...
IMF: Political Pressures Could Weaken Romania Reform Process
The pace of reforms in Romania has slowed down in the last three months, particularly regarding the privatization of state-owned companies, and the International Monetary Fund is concerned t...
Boc Confident Romania Will Find In Six Months Investors To Replace Nokia
Romania’s Prime Minister Emil Boc said Friday he is confident that, in the next six months, the Government will attract companies to continue investments in Cluj after the closing of Nokia's...
Former Economy Minister Indicted For Allegedly Defrauding State-Owned Power Producer
Romania’s former economy minister Codrut Seres has been indicted on allegations that he shielded illegal activities of the management of state-owned hydropower producer Hidroelectrica, defra...
Nokia’s Departure From Cluj Comes As A Bolt From The Blue For Romanian Economy
The decision of Finnish group Nokia to shut down the plant in Jucu (Cluj County), where it was assembling EUR1.6 billion worth of cell phones a year, and to lay off about 2,200 employees cam...
EC Opens Infringement Proceedings Against Romania Over Energy Market Legislation
The European Commission has opened infringement proceedings against Romania and other member states for failing to transpose two directives, regarding the electricity and natural gas markets...
Romania In Advanced Negotiations With Investors To Replace Nokia
Romania is in advanced negotiations with ten companies to attract investments in Cluj county and compensate the losses resulting from the closing of Nokia's factory at Jucu, Andreea Paul-Vas...