Every month or every three months, state companies will have to inform the Ministry of Finance about the evolution of financial indicators and to respect performance criteria. If the criteria are violated, … [Read more...]
State Company Managers To Either Have Good Results Or Face Fines Or Dismissal
May 2, 2011 By Leave a Comment
Solar Farm In Giurgiu
February 25, 2011 By Leave a Comment
According to data from Transelectrica (the national electricity transmission company), eleven solar projects with an overall capacity of around 36 MW, of over 100 million euros in investments have contracts … [Read more...]
Petrom Posted 520 Million Euros Profit
February 25, 2011 By Leave a Comment
In the second year of recession the biggest company in Romania posted a 2.5 times higher net profit than in 2009. And it is all thanks to fuel becoming more expensive, although fuel demand fell 5%. OMV … [Read more...]
Emil Boc – New Labor Code To Create More Flexible Labor Market
February 21, 2011 By Leave a Comment
Prime Minister Emil Boc said Sunday that Romania’s new Labor Code will create a more flexible labor market. Also, the new code will help Romanians find a job faster. The Prime Minister underlined that … [Read more...]
Emil Boc: Romania Might Emerge From Recession At The End Of March
February 18, 2011 By Leave a Comment
On Thursday, Romanian Prime Minister Emil Boc said that Romania might emerge from recession by the end of March. Romania posted 0.1% growth in the GDP in the fourth quarter of 2010. According to the … [Read more...]
Romania Will Guarantee Loans For Building Façade Repairs
February 17, 2011 By Leave a Comment
According to a draft act drawn up by the Tourism and Regional Development Ministry, the Romanian state will subsidize the interest and guarantee the loans taken out by homeowners for building façade repairs. … [Read more...]
EBRD Profit – EUR 1.4 Bln
February 17, 2011 By Leave a Comment
Last year, the EBRD increased profits as Europe started to pull out of the worst recession in a generation. For 2010, the Bank recorded a net profit of EUR 1.4 bln, relying on a strong growth in investments … [Read more...]
Jeffrey Franks, IMF: Romania Is Making Progress
February 9, 2011 By Leave a Comment
The chief of the International Monetary Fund mission, Jeffrey Franks told in an interview that Romania registered good progress for the past months towards an efficient self-financing. According to … [Read more...]
Until 2015, Romania Will Deregulate Electricity, Natural Gas Markets
February 8, 2011 By Leave a Comment
According to Romanian Prime Minister Emil Boc, Romania’s electricity and gas prices will go up between 2013 and 2015. The Government will eliminate regulated prices, in order to comply with requests … [Read more...]
Budget Deficit In 2010, Below IMF Agreed Target
January 28, 2011 By Leave a Comment
In 2010, the budget deficit stood at RON 33.3 bln or 6.5 % of GDP. According to the Ministry of Finance, that is below the RON 34.6 bln deficit target set as the budgetary policy’s goal. This was included … [Read more...]
