Editorial»

Russia: The effects of the ‘MH17’

July 30th, 2014 at 9:00 PM
Clearly if Russia had assessed the possible consequences of taking down the MH17 Malaysian airplane flying over East-Ukrainian territories controlled by terrorists / separatists...

Business»

EUR 6.8 bn in state reserves. Financing risk dropped significantly

EUR 6.8 bn in state reserves. Financing risk dropped significantly

July 30th, 2014 at 9:00 PM
According to Ministry of Public Finance, the sum covers almost six months of the gross financing demand for this year. The state’s current foreign currency reserves are...

Politics»

Ponta, set to win November’s elections

Ponta, set to win November’s elections

July 30th, 2014 at 9:00 PM
PSD’s National Council unanimously accepted Premier’s presidential bid. ‘I have an advantage and I have to thank Basescu for that, I have absolutely no secret’, said...

Social»

IntMin Oprea: A person dead,  three missing in floods

IntMin Oprea: A person dead, three missing in floods

July 30th, 2014 at 9:00 PM
Red Code alert of floods extended for 7 counties till Friday afternoon. A person was killed by floods in the southern Arges county and another three reported missing are being...

World»

EU, US impose new round of sanctions on Russia over Ukraine

EU, US impose new round of sanctions on Russia over Ukraine

July 30th, 2014 at 9:00 PM
Moscow: US will feel ‘tangible losses’ from ‘destructive, myopic’ sanctions Both the European Union and the United States announced a new round of sanctions against...

Recent Articles

EUR 6.8 bn in state reserves. Financing risk dropped significantly

According to Ministry of Public Finance, the sum covers almost six months of the gross financing demand for this year. The state’s current foreign currency reserves are EUR 6.8 billion and covers 5.8 months of the gross financing demand for 2014, the Ministry of Public Finance (MFP) states in its Report on the Economic and [...]

IntMin Oprea: A person dead, three missing in floods

Red Code alert of floods extended for 7 counties till Friday afternoon. A person was killed by floods in the southern Arges county and another three reported missing are being searched by the Internal Affairs Ministry personnel, Minister Gabriel Oprea announced on Wednesday. ‘2,200 ministry personnel – firemen, gendarmes and policemen – have been called [...]

Ponta, set to win November’s elections

PSD’s National Council unanimously accepted Premier’s presidential bid. ‘I have an advantage and I have to thank Basescu for that, I have absolutely no secret’, said PSD Chairman. National leader of the Social Democrat Party (PSD), Prime Minister Victor Ponta, told a convention of the PSD National Council in Craiova on Tuesday that PSD will [...]

Women’s handball: Romania qualifies in Under-18 World Championship semifinals

The Romania women’s national handball team has qualified for the semifinals of the Under-18 World Championship held in Macedonia, after defeating, on Wednesday, in Ohrid, the Dutch national team by the score of 36-22 (22-12). Romania will play in the semifinals against the winner of the match between Brazil and Montenegro, on Friday at 18.00 [...]

Radio Symphonic Orchestra of Finland opens second edition of RadiRo Festival

The second edition of the RadiRO Festival will open in Bucharest with an extraordinary concert of the Radio Symphonic Orchestra in Finland on September 20 at 7 pm at the Radio Hall, reports Hotnews. Sibelius, Beethoven, Grieg and Richard Strauss will be included in the program of the first appearance of the orchestra of the [...]

IMF warns banks most exposed to growing Russia conflict

Austrian, Swedish, French and Italian lenders are vulnerable in this situation. Austrian banks are the most exposed to potential losses from tougher sanctions on Russia, while Swedish, French and Italian lenders are also vulnerable, the International Monetary Fund said, bloomberg.com informs, quoted by Agerpres. “Spillover effects from geopolitical tensions between Russia and Ukraine thus far [...]

Gov’t implements “penalty for failure to declare” taxes

Individuals and companies that do not declare the taxes owed to the state, obligations still discovered by the Fiscal Authority and exceed RON 50 will have to pay a “penalty for failure to declare” them of at least 10 per cent of the amount, which might go up to 100 per cent if the debt [...]

Air Liquide invests EUR 5 M in new filling center in Cluj

The Romanian subsidiary of French group Air Liquide will invest EUR 5 million in a new gas filling center in Cluj-Napoca, a press release informs. The project should be fully operational by the end of this year. “The new center for filling gas cylinders will allow Air Liquide Romania to better serve its customers in [...]

Volksbank joins the Council of Banking Employers in Romania

The Council of Banking Employers in Romania (CPBR), the employers’ organization of the country’s banking sector, approved Volksbank Romania as its newest member, marking its second expansion in the past month. The members of CPBR’s Board of Directors – Steven van Groningen (Raiffeisen Bank), Rasvan Radu (UniCredit Tiriac Bank), Philippe Lhotte (BRD – Groupe Societe [...]

Several assets of Termoelectrica bought by a Czech investor

Several assets of bankrupt Romanian state-owned energy producer Termoelectrica were auctioned for EUR 13.8 million. The assets include the Doicesti thermal power plant in Dambovita county and auxiliary assets, including some residential buildings and a club, a press release informs. The assets were bought by European Energy Communications SRL, a firm that was founded this year, which [...]