Social/Politics
EXCLUSIVE: Private Managers May Earn Millions Of Euros Leading Romanian State Companies
The private sector managers that will be appointed to lead Romanian state-owned companies could earn as much as EUR75,000 gross per month, plus millions of euro per year in the case of highl...
Romania Tourism Revenue Down 10% In Summer '11, Despite Activity Hike
Corina Martin, head of the Romanian Tourism Agency Association and of the "Litoral-Delta Dunarii" Association, said Thursday that hotel revenues were 10% lower this summer compared to last y...
Oltchim and Hidroelectrica Proposed For Private Management - Sources
Hidroelectrica, Oltchim, Tarom and CFR Marfa are the companies for which Romanian authorities and the International Monetary Fund agreed to appoint private management, with the complete list...
Rosia Montana Gold Corporation Says Hasn't Yet Set Finance Plan For Mining Project In Romania
Rosia Montana Gold Corporation (RMGC), the company developing a gold mining project in Rosia Montana, western Romania, said Thursday it has not yet set the financing plan and the implementat...
Rosia Montana Gold Corporation To Borrow $700M For Mining Project In Romania
Rosia Montana Gold Corporation (RMGC), the company developing a gold mining project in Rosia Montana, western Romania, will borrow $700 million from an international bank consortium led by R...
Property Taxes For Companies To Rise To 40% Of Value Unless Owners Reevaluate Buildings
Romanian companies will pay 20% of the inventory value of buildings they own if the buildings have not been reevaluated in the past three years, and the tax rises to 40% buildings have not b...
Suceava Council President Wants Romania To Capitalize On Local Metal Deposits
Gheorghe Flutur, president of the Suceava county council, said Thursday that he has talked to Romania's Economy Ministry about opening mines in the county, especially in areas with deposits...
Economy Ministry Supports Exploitation Of Gold Deposits In Rosia Montana – State Secretary
Romania’s Economy Ministry supports the exploitation of gold deposits in Rosia Montana, but the Rosia Montana Gold Corporation (RMGC), the company which wants to develop the mining project,...
Romania To Pay Farmers EUR3.7M For Losses Caused By E-coli Scare
Romania’s Government decided Wednesday to pay vegetable producers EUR3.75 million to compensate for their losses caused by the E-coli epidemic scare in May-June 2011, said Agriculture Minist...