09.05.2011

A list of payments made in the last six years for the construction of Romanian highways and published for the first time by Ziarul Financiar reveals that road builders received EUR2.3 billion and more

08.31.2011

Romania’s public debt rose to 214.02 billion lei (EUR50.7 billion) in June, from roughly RON201 billion a month earlier, Finance Ministry data showed Wednesday. more

08.30.2011

Romania's Government on Tuesday approved the creation of the Bucharest Metropolitan Transport Authority, under the Transport Ministry, in charge of regulating and coordinating public passenger more

08.17.2011

Romania needs no additional measures to cut public spending, and the government should free funds for investments, Finance Minister Gheorghe Ialomitianu said Wednesday. more

08.12.2011

Romania's fiscal strategy was agreed upon with the EU and IMF, and does not affect current public wages or pensions, but the value of these payments in 2012 will be set through next year's budget and more

08.12.2011

Romanian president Traian Basescu said Friday he supports the Government’s recently adopted fiscal strategy, adding Romania would default if it keeps borrowing money to pay wages and pensions. more

08.11.2011

The European Commission has warned the Romanian Government that the public-private partnership law is still incompatible with EU norms and not sufficiently clear on certain procedures, such as more

08.10.2011

Romanian public sector employees will receive no vacation, gift or meal vouchers until 2014, no bonuses until 2013 and will be rewarded for overtime with free hours only, according to the Government's more

08.03.2011

Bucharest’s public transportation corporation (RATB) is trying to secure its necessary fuel volumes for the next four years through a contract worth over EUR100 million, a company announcement more

08.02.2011

Romania’s public debt rose to 200.6 billion lei (EUR47.3 billion) in May, from roughly RON195.5 billion a month earlier, Finance Ministry data showed Tuesday. more

08.02.2011

Romania may raise public sector wages 15 next year, either at once or in tranches, Marian Sarbu, head of coalition party UNPR, told Radio France International Tuesday. more

08.02.2011

The salaries of the 1.2 million people working in industry, a sector mainly made up of private companies, rose by 6% in the May 2010-May 2011 period, a sign that the steps to slash costs more

08.01.2011

Even though the government may consider there is room for public sector wage increases, Romania should only raise them following more job cuts layoffs, Monday said Jeffrey Franks, head of the more

07.28.2011

Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered more

07.07.2011

Foreign investors, mostly corporate entities, owned leu-denominated state paper worth nearly 9.2 billion lei (EUR2.2 billion), accounting for around 15% of the market volume. more

07.07.2011

The secondary offer through which the Romanian Economy Ministry wants to sell 9.84% in oil company OMV Petrom (SNP.RO) will start Monday at a maximum price of 0.46 lei (EUR0.11) a share, 15% above the more

07.05.2011

The turnover of Microsoft Romania will go up by just over 5% in the financial year that started on July 1, largely thanks to contracts with the public sector, which generate a quarter of the revenue, more

07.05.2011

Romanian President Traian Basescu has sent back to Parliament for reexamination a law allowing public utility regulator ANRSC to hold 7% of sums recovered through writs of execution, checkups or more

07.01.2011

The public debt fell to 195.5 billion lei (EUR46.2 billion) in April, from roughly RON199 billion a month earlier, Finance Ministry data showed Friday. more

06.16.2011

Almost 153,000 public sector employees were laid off from December 2008 through late April 2011, according to Finance Ministry data. more

06.15.2011

The Romanian district heating system needs EUR5 billion investment over the next 10 years in order to increase its efficiency, but local authorities cannot cover this amount, which means private more

06.13.2011

The record-high EUR1.5 billion raised by the Finance Ministry last week from the foreign markets brings to over EUR4.5 billion the foreign currency debt accumulated by Romania since the beginning of more

06.09.2011

The Romanian public procurement checkup body UCVAP will be reorganized and will check all public procurement auctions regardless of the estimated value of contracts to be awarded, according to a more

06.01.2011

Romania's budget gap may not be wider than 3% of the gross domestic product, while the public debt may not exceed 60% of the GDP, says the draft revised Constitution, published Wednesday by the more

05.19.2011

The Vimetco group, held by Russian businessman Vitaly Machitsky, surprised the Bucharest market with its intention to sell 21% of its shares in aluminum smelter Alro (ALR.RO) via a secondary public more