Editorial»

Respect people’s right to work!

July 31st, 2014 at 9:00 PM
The increasingly frequent and pressing bad news for the public has managed to rattle the Romanians’ collective consciousness and, what’s more, to divide the Romanian people....

Business»

European Commission calls into question Oltchim privatization

European Commission calls into question Oltchim privatization

August 27th, 2014 at 9:00 PM
The European Commission has asked Romania to provide details on the privatization of Oltchim chemicals factory, following suspicions of the state not behaving like a private...

Politics»

PNL’s Johannis: You will never see me making personal attacks

August 27th, 2014 at 9:00 PM
PNL (National Liberal Party) chairman Klaus Johannis, ACL’s (the Christian Liberal Alliance of the National Liberal Party (PNL) and the Democratic Liberal Party (PDL))...

Social»

Gov’t postpones increase of natural gas price for households

Gov’t postpones increase of natural gas price for households

August 27th, 2014 at 9:00 PM
The Romanian state reserves the right of postponing the implementation of the schedule for the liberalization of the natural gas price for households until a dispute with...

World»

Hollande names new French cabinet

August 27th, 2014 at 9:00 PM
French President Francois Hollande has named a new cabinet under PM Manual Valls, dropping ministers who rebelled against austerity cuts, the BBC informs. The first government...

Recent Articles

Gov’t postpones increase of natural gas price for households

The Romanian state reserves the right of postponing the implementation of the schedule for the liberalization of the natural gas price for households until a dispute with the European Commission is settled; therefore, this price will not increase on October 1 as previously scheduled, the Department of Energy informed in a release. A governmental delegation [...]

European Commission calls into question Oltchim privatization

The European Commission has asked Romania to provide details on the privatization of Oltchim chemicals factory, following suspicions of the state not behaving like a private investor, and taking over Petrom’s Arpechim refinery might create advantages to this oil company, Competition Council chair Bogdan Chiritoiu told Agerpres. ‘There is a suspicion that taking over Petrom’s [...]

PNL’s Johannis: You will never see me making personal attacks

PNL (National Liberal Party) chairman Klaus Johannis, ACL’s (the Christian Liberal Alliance of the National Liberal Party (PNL) and the Democratic Liberal Party (PDL)) presidential endorsee, on Monday stated in Slobozia that it’s high time for Romania to finally have ‘a positive election campaign’ this autumn, adding that he would never resort to such method [...]

VIG claims H1 pre-tax profit of EUR 1 M in Romania

Vienna Insurance Group (VIG) recorded in Romania, in H1 2014, a pre-tax profit of 1 million euros, compared to a loss of 17.9 million euros in the same period of last year, according to the results released on Tuesday by the insurance company. Moreover, VIG posted in Romania a volume of gross underwritten premiums of [...]

Non-government loans decline for third consecutive month

Non-government loans continue their decline in Romania; the amount of household and corporate loans in July was smaller than in June, thus extending this trend to the third consecutive month. Nominal credit volumes expanded only in two months of 2014, National Bank of Romania (BNR, central bank) data show. According to data released by BNR [...]

PM Ponta attends Ro-Ro vessel inauguration at Daewoo Mangalia shipyard

Prime Minister Victor Ponta, accompanied by Economy Minister Constantin Nita and Transport Minister Ioan Rus, on Tuesday visited the shipyard of Daewoo Mangalia Heavy Industries (DMHI, southeast Romania) to attend the inauguration event of the Ro-Ro Hoegh Jeddah vessel. Victor Ponta expressed his enthusiasm for the performance obtained by naval companies in Mangalia and the [...]

Konica Minolta’s H1 turnover in Romania, up 10 pc to EUR 8.7 M

Office equipment provider Konica Minolta recorded a turnover of 8.7 million euros in Romania, in H1 2014, up by 10% from that in the same period of 2013, according to a company’s Tuesday release issued for Agerpres. Approximately 45% of revenues came from the sale of equipment, whilst the remaining 55% of turnover was generated [...]

Finance Ministry borrows RON 30 M from commercial banks

The Public Finances Ministry on Tuesday borrowed 30 million lei from the local banks, the amount being additional to Monday’s bond auctioning, when the ministry raised 200 million lei at 4.28 percent yield. Five banks bid a combined 55.9 million lei at Tuesday’s non-competitive offer session, the last operation in government bonds in August. The [...]

COFACE: Romania’s largest companies register 6.3 percent turnover increase in 2013

Romania’s largest companies last year recorded a positive evolution in terms of their financial performance, results for 2013 pointing to a 6.3 percent average increase in turnover and a 3.3 percent net profit rate, show the Coface data on the ranking of the first 500 companies of Central and Eastern Europe – CEE Top 500 [...]

Consolidated general budget deficit down to 0.2 pc of GDP

The consolidated general budget’s deficit decreased to 0.2% of GDP in the first seven months of this year, compared to 1% of GDP in the same period of the previous year, which creates the prerequisites for meeting the deficit target of 2.2% of GDP for the entire 2014, according to the budget execution published by [...]