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»

IMF’s Christine Lagarde ‘under investigation’

IMF’s Christine Lagarde ‘under investigation’

August 28th, 2014 at 9:00 PM
French authorities have formally opened a negligence investigation into Christine Lagarde, the head of the International Monetary Fund (IMF), the BBC informs. She has been...

Politics»

Iasi-Ungheni pipeline inaugurated by Romanian and Moldovan PMs

Iasi-Ungheni pipeline inaugurated by Romanian and Moldovan PMs

August 28th, 2014 at 9:00 PM
The Iasi-Ungheni pipeline was inaugurated on Wednesday by the Prime Minister of Romania and the Republic of Moldova, Victor Ponta and Iurie Leanca respectively. PM Ponta...

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

Iasi-Ungheni pipeline inaugurated by Romanian and Moldovan PMs

The Iasi-Ungheni pipeline was inaugurated on Wednesday by the Prime Minister of Romania and the Republic of Moldova, Victor Ponta and Iurie Leanca respectively. PM Ponta said on this occasion that the natural gas from Romania will not only be cheaper, but following this project the R. of Moldova will risk no more to remain [...]

IMF’s Christine Lagarde ‘under investigation’

French authorities have formally opened a negligence investigation into Christine Lagarde, the head of the International Monetary Fund (IMF), the BBC informs. She has been questioned about her role in awarding 400m euro in compensation to businessman Bernard Tapie in 2008. She denies wrongdoing. Ms Lagarde, 58, was finance minister in President Nicolas Sarkozy’s government [...]

Controversial draft on political affiliation of local elected officials published on Development Ministry website

The draft ordinance that would allow local elected officials to opt, within ten days since its coming into force, for the political party they want to be part of, without losing their mandates gained in the previous election, was published on the website of the Ministry of Regional Development and Public Administration (MDRAP). According to [...]

Subsidies for social insurance budget total RON 7.88 bn in first seven months

The subsidies for the social insurance budget, from which the state pays pensions, totaled 7.88 billion lei in the first seven months of 2014, according to the Ministry of Public Finance (MPF). The total revenues of this budget amounted to RON 30.38 billion lei, and total expenditures stood at 30.26 billion lei.The deficit of the [...]

Brokers: investing in energy companies can yield 3-5 times more than bank interests

The top six energy companies listed on the Bucharest Stock Exchange (BVB) have important gain potential, 3-5 times more than bank interests, the stock broking firm Tradeville asserts. The high earning potential is especially due to expected dividends, which are among the most attractive on the market, Tradeville brokers say. As bank deposit interest keep [...]

Romania not yet ready for decentralization of tourism classification, authorization

The tourism decentralization strategy drafted by the Department for SMEs, Business Environment and Tourism (DIMMMAT) is unwelcome, as it would be a change with no benefit for the industry development, the founding president of the National Association for Rural, Ecological and Cultural Tourism ANTREC Maria Stoian told Agerpres. ‘Thus, the classification and authorization would not [...]

Office space transactions total, in Bucharest, over 132,000 sq m in H1, survey says

Office space transactions totaled, in Bucharest, in the first six months of 2014, over 132,000 sq m, and in the rest of the country – 15,557 sq m, according to the ESOP-centralized data, through the Forum of the most important real estate consulting companies present in Romania.Bucharest aside, in H1 2014, the most office spaces [...]

Arrears to local budgets at over RON 200 ml as of end-July

At the end of July 2014, payments more than 90 days past due (arrears) owed to the general budgets of administrative-territorial units amounted to 200.29 million lei, slightly higher from the 196.25 million lei registered at the end of 2013, shows data published by the Ministry of Public Finance. The counties with the highest arrears [...]

Competition Council and OECD experts to check up competition legislation for inconsistencies

The Competition Council and experts of the Organisation for Economic Co-operation and Development are planning to implement a new project to thoroughly analyse the legislation in three fields of interest for Romania’s economy, while checking for the existence of such provisions contravening competition laws, said, for Agerpres, Bogdan Chiritoiu, head of the Competition Council. ‘Together [...]

Defence Minister Dusa met Azeri counterpart Hasanov: We discussed important regional security issues

Romania’s Defence Minister Mircea Dusa said Wednesday, after a meeting in Bucharest with Azeri Defence Minister Zakir Hasanov, that in their conversation they discussed important issues related to the latest security developments in the region and cooperation between the two defence ministries. ‘In our conversation with the official delegations of the ministries we discussed important [...]