Social/Politics
EC Investigates State Aid for Romanian National Uranium Company
The European Commission on Tuesday opened an in-depth investigation to assess whether various public support measures from Romania in favor of the National Uranium Company are in line with E...
One In Four New People Hired In Past Year Got A Public Sector Job
The number of new hires in the public sector stood at 24,000 in February 2017-February 2018 or one quarter (26%) of the almost 108,000 new hires in the entire economy in the past year.
US Raises Bet On Romania, Vice President Mike Pence Expected In Bucharest This Fall
United States Vice President Mike Pence will be in Romania this fall for the “Three Seas Initiative” (the Baltic, Adriatic and Black Sea Initiative), regional summit, signaling US involvemen...
Nearly 40% of Funds for State-Backed Mortgage Loan Program Depleted
Nearly 40% of this year's RON2 billion state guarantee budget for the government-backed First Home program has been depleted, said guarantee fund general manager Alexandru Petrescu.
Romanian President Calls on PM to Resign
Romanian President Klaus Iohannis on Friday called on Prime Minister Viorica Dancila to resign after just three months in office, saying she is not fit to be prime minister and is turning th...
Energy Holding CE Oltenia Lays Off 200 People Starting June 1
Romanian state-run energy holding CE Oltenia will lay off 200 employees this year starting June 1, under a draft government decision approving severance payments for 2018.
Antitrust Body Chief Says Electricity Prices Will Drop To Compensate Past Overcharging
Household electricity tariffs will drop to even the scoreboard after power distributors set up a cartel and overcharged over the past few years, Competition Council president Bogdan Chiritoi...
Analysts Warn Dismantling Private Pension System Would Damage Capital Market
Transferring future private pension contributions to the public pension system would damage the capital market and hurt the country's budget deficit, financial analysts warn.
Isarescu Tells Senators Central Bank Has No Control Over Fiscal Policy
Romanian central bank governor Mugur Isarescu told senators Thursday the central bank has no control over the government's fiscal policy and it was forced to raise the monetary policy rate.