Social/Politics
20,000 New Hires And 20% Pay Raises In Public Sector In 2017
Almost 20,000 new jobs were created in the public sector last year, so the number of employees went up to 1.21 million in December, Finance Ministry data show.
Romanian Transgaz Wins Privatization Bid for Moldovan Gas Pipeline Operator
Romanian natural gas transmission company Transgaz (TGN.RO) has won the tender for the privatization of Vestmoldtransgaz, the gas pipeline operator in neighboring Republic of Moldova, Moldov...
Senate Approves Set-Up of Development Bank
Romania's Senate on Wednesday approved a bill put forth by ruling coalition lawmakers to set up a state-owned Bank for Development.
Key Railway Connection Between Romania and Hungary Gets EUR1.3B EU Funds
The European Commission has allotted EUR1.3 billion from the Cohesion Fund to be invested in the is invested in the modernization of the rail corridor from the town of Curtici, on the border...
Director General of Bucharest Airports Company Resigns
Bogdan Mindrescu, the director general of Bucharest Airports National Company (CNAB) resigned on Tuesday without stating the reasons behind this decision.
Former Finance Minister Sentenced To Eight Years In Prison For Influence Peddling, Money Laundering
Romania’s Supreme Court on Thursday sentenced state councilor and former finance minister Darius Valcov to eight years in prison on charges of influence peddling and money laundering.
Romania, Hungary Agree to Develop Cluj-Budapest High-Speed Rail
Romania and Hungary's foreign ministers agreed Monday on the development of a high-speed railroad line linking Cluj-Napoca to the Hungarian capital Budapest, the Hungarian minister announced...
EU Anti-Fraud Office Looks Into Payments Made For Bucharest Metro Line 5
The European Anti-Fraud Office (OLAF) has requested to look into the payments made during the construction project of Bucharest's metro line 5.
Finance Ministry Has Three Payment Peaks Left In 2018
The year 2018 is another volatile year in terms of the government’s financial needs, with an uneven distribution thereof, payment peaks of 7 to 8 billion lei (EUR1.5 billion to EUR1.7 billio...