06.19.2013

Romania hopes to attract between 300 and 350 million lei (EUR66.7 to EUR77.8 million) from the planned sale of a 10% stake in state-run nuclear power producer Nuclearelectrica, Energy Minister more

06.16.2013

Romania's public sector wages will be increased annually through the new wage law, starting 2014, in stages and successively, but only for state employees whose base salaries are lower than those set more

05.28.2013

The Romanian Transport Ministry will organize a new auction to select brokers to advise on a secondary public offering of 5% in the Traian Vuia Airport in the western city of Timisoara, after no more

05.27.2013

Romania’s public debt climbed at 252 billion lei (EUR57 billion) in March, which is higher by RON11.5 billion from December 2012, due to large amounts borrowed mainly from the domestic market. more

05.14.2013

Romania has been Europe’s top investor in public sector projects in terms of GDP share over the past 10 years, but its investment-to-performance ratio is far from satisfactory, a senior economist more

04.17.2013

Romanian state-run natural gas transporter Transgaz (TNG.RO) has raised EUR72 million in a secondary public offering of 15% of its shares ended April 16, Minister-delegate for Energy Constantin Nita more

04.09.2013

A secondary public offering of 15% in Romanian state-run natural gas transporter Transgaz drew hefty demand from small investors in the first three days of the issue, with subscriptions exceeding by more

04.05.2013

The intermediaries of the secondary public offering to sell 15% in Romanian natural gas transmission company Transgaz seem to have learned from the “mistakes in the past” and sought to structure more

04.03.2013

The Romanian Finance Ministry on Thursday will launch a public offering to sell 15% in natural gas transmission company Transgaz (TGN.RO) at a price between 171 lei (EUR39) and RON230 (EUR52) per more

04.01.2013

Romania’s planned secondary public offering of 15% in state-run natural gas transporter Transgaz (TGN.RO) will include three separate packages for corporate and retail investors, with small more

03.03.2013

Romania has some 1.2 million employees in the public sector and must downsize staff by 2018, Economy Minister Varujan Vosganian said Sunday in an interview. more

01.28.2013

Romania plans to launch a secondary public offering of 15% in state-run natural gas transporter Transgaz (TGN.RO) by mid-April, according to the country’s latest letter of intent to a EUR3.6 billion more

01.24.2013

Market value of gas transmission company Transgaz (TGN.RO) dropped by EUR30 million in three days, after the government announced it would levy a tax on the monopolistic companies in the energy more

10.29.2012

Romania’s Central Bank and the Finance Ministry will touch a foreign debt payment peak over the next two years as they will have to pay EUR13 billion, the president of the Fiscal Council Ionut more

10.29.2012

Romania’s Development Ministry wants to launch a double-scheme financing program meant to help local authorities develop public utility infrastructure, and to provide financing to investors in more

10.18.2012

Romania’ Government will double to EUR30,000 the threshold on public service, works and product contracts awarded directly, without public procurement auctions, in January 2013, Dan Vladescu, head more

10.04.2012

Romanian firms that submit bids in public procurement auctions and declare they are financially supported by a third party must give evidence of the latter’s commitment, according to a draft more

09.20.2012

Romania’s public debt rose to 236.69 billion lei (EUR52.5 billion) in July, from RON232.17 billion a month earlier, Finance Ministry data showed. more

09.14.2012

Romania’s Government wants to ease price requirements in public procurement auctions and reduce the level below which an offer is considered “unusually low” from 85% to 70% of the estimated more

08.30.2012

The biggest salary of a public sector employee is 11,248 lei (around EUR2,500) and is earned by a general manager within the Ministry of External Affairs. The employee earned 1.7 times more in March more

08.29.2012

The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry. more

08.10.2012

The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget more

07.29.2012

Romania’s Government plans to double to EUR30,000 the threshold on public service, works and product contracts awarded directly, without public procurement auctions. more

07.26.2012

Romania's Finance Ministry wants to introduce certain spending restrictions to take effect automatically when the net public debt goes over 35%, 40%, or 45% of the GDP, said state secretary Liviu more

07.24.2012

Romania’s public debt rose to 237.76 billion lei (EUR51.2 billion) in May, from RON236.65 billion a month earlier, Finance Ministry data showed. more