08.31.2012

Romania’s Finance Ministry plans to sell state paper worth 3.3 billion lei (EUR million) in September, up from RON1.4 billion sold a month earlier. more

08.22.2012

Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by the more

08.10.2012

The biggest campaign to recruit CEOs for state-owned companies subordinated to the Transport Ministry, which started a few days ago, risks to lose its credibility, after on Thursday representatives of more

08.03.2012

The Government will start talks this autumn over a state aid scheme for small and medium-sized enterprises in the IT sector, after this week it approved EUR100 million in aid for the large companies more

07.31.2012

Romania's Government will cover 40%-50% of the salary expenses of companies that create at least 200 high-skilled jobs, for two years, under a state aid scheme approved Tuesday. more

07.30.2012

Romania’s Finance Ministry named Enache Jiru as secretary of state and head of the State Treasury head to replace Cristian Sporis, sources with the ministry told MEDIAFAX Monday. more

07.25.2012

Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ results more

07.23.2012

Each company that creates at least 300 new jobs and keeps them for at least five years may receive state aid worth over EUR28 million, according to a draft government decision published on the Finance more

07.20.2012

Romania’s government has approved a state guarantee for a EUR40 million loan for chemical producer Oltchim Ramnicu Valcea (OLT.RO), Economy Minister Daniel Chitoiu said Friday. more

07.17.2012

The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion. more

07.08.2012

Romanian public institutions and state-owned companies spent over 150 million lei (EUR33 million) on legal services between 2009 and May 31, 2012, during the democrat liberal administration, a report more

06.22.2012

Romania’s government extends by one year, until December 31, 2013, a deadline to list minority stakes in several state-owned companies on the Bucharest Stock Exchange and on international markets, more

06.18.2012

Romania’s Finance Ministry on Monday rejected all bids at an one-year treasury-bills auction, citing unacceptable yields. more

06.13.2012

The consortium made up of executive search company Pedersen&Partners, law firm NNDKP and strategic management advisory Roland Berger, which was appointed in September last year to help the Economy more

06.05.2012

Romania’s public ambulance service might be financed from the state budget, through the Health Ministry, instead with funds from the National Health Insurance House (CNAS), Health Minister Vasile more

05.31.2012

German group Bosch will receive state aid for its planned investments in western Romania, which does not entail tax exemptions, Bosch representative Brigitte Eble told a news conference Thursday. more

05.25.2012

The U.S. Department of State says, in its 2011 report on human rights practices, that Romania continues to have problems with corrupt public officials, a sometimes partial judicial system, abuse from more

05.22.2012

Romania's Government plans to reduce the subsidies provided to farmers with debts to the Agency of State Domains (ADS), rather than wait to recoup the 100 million lei (EUR22.5 million) liability in more

05.21.2012

Two weeks after the new Government took office, one quarter of the jobs of state secretaries with in the ministries are still not filled. The sharing out of jobs from state secretaries downwards, a more

05.17.2012

Ovidiu Artopolescu, former general manager of Microsoft Romania, has been appointed secretary of state with the Romanian Communications Ministry. more

05.09.2012

The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the more

05.09.2012

Gheorghe Gherghina, also known as the “father of the budget”, Serban Pop, recently appointed at the helm of the fiscal authorities, and Cristian Sporis, the banker turned secretary of state in more

04.30.2012

In 10 days, new ministers will come to the Victoria Palace - the headquarters of the Romanian government, but Romania’s economic parameters remain the same: budget revenues were at an all-time low more

04.12.2012

Dragos Doros, formerly director within Romania's Finance Ministry and currently partner in the tax department of law firm Nestor Nestor Diculescu Kingston Petersen, returns to the Finance Ministry as more

04.04.2012

The European Commission is looking into the possibility of state aid granted to the energy “wise guys” through the bilateral contracts signed with hydropower producer Hidroelectrica, and the local more