Social/Politics
Bucharest To Have New Multi-Purpose Sports Center By 2013 For RON260M
Romania’s Ministry of Regional Development and Tourism will build a multipurpose sports center in capital Bucharest by 2013, which will seat 16,000 people and cost 260 million lei (about EUR...
Basescu Calls For Caution And Continued Reform To Secure Growth
Romanian President Traian Basescu on Tuesday called on the Government to remain cautious and continue to cut public spending in the current difficult global economic context.
HR Fund Management Authority Head: I Don’t Believe We Can Absorb All EU Money
Carmen Ionel, who in early May took over the position of general manager of the Management Authority for the Operational Program for Human Resource Development (AMPOSDRU), believes that Roma...
Posta Romana CEO: There Are No Funds For Modernization
A lot of things need to be changed at state-owned postal company Posta Romana, from the mentality of some employees who do not understand they work in a competitive environment, to work habi...
Borbely: Hungary Rejects Rosia Montana Mining Project
Hungary "has rejected the Rosia Montana [gold mining] project in its entirety," said Romanian Environment Minister Laszlo Borbely, adding that, in accordance with the Espoo Convention, this...
Basescu Asks Parliament To Ratify Precautionary Deal With IMF
Romanian President Traian Basescu on Tuesday signed the decree submitting to the Parliament for ratification the letter of intent to the IMF, signed by Romanian authorities on March 10 and a...
Transport Ministry To Take Over Telecomunicatii CFR, Through Debt-Equity Conversion
Romania's Transport Ministry will take over Telecomunicatii CFR, a branch of state railway administrator CFR SA which provides telecom infrastructure, after the company settles part of its 2...
Government To Close "Social" Railway Lines If Earnings Below 50% Of Estimates
Romania's Government will consider closing railway lines used by subsidized passenger trains, if their revenue is lower than 50% of the forecast level, according to a recently adopted decisi...
Tax Evasion In Romanian Alcohol Industry Costs Budget EUR4.5B In Past 8 Years
Tax evasion in the Romanian alcohol business has generated excise duty losses of EUR3.3 billion, plus EUR1.2 billion from unpaid VAT and other taxes, between 2003 and 2010, according to indu...