03.29.2012

Romania’s Finance Ministry plans to sell state paper worth between 12 billion lei (EUR2.7 billion) and 14 billion lei (EUR3.2 billion) in the second quarter, half the value of treasury issuances in more

02.22.2012

The European Commission has authorized 1.17 billion lei (around EUR270 million) of Romanian public funding for the closure of three uncompetitive coal mining units owned by the country’s hard coal more

02.02.2012

The Romanian Government will grant state aid to Italian household appliances producer De'Longhi, which will buy Nokia's factory located in Jucu, northwestern Romania, the Executive said Thursday after more

01.29.2012

Romania is securing credit lines at the World Bank, the European Union, and “wherever” to have a fallback in case things take a turn for the worst in the eurozone, President Traian Basescu told a more

01.25.2012

The Romanian Government's plan to suspend for five years its creditors' right to seize or place distraint on shares in state companies is in breach of the Constitution and of EU law, and will result more

01.24.2012

Romania's Government will bar the state's creditors from launching forced execution proceedings or placing distraint on shares in national companies received as guarantees, and will also refrain from more

01.19.2012

Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved more

01.11.2012

Andrei Georgescu, head of the emergency room of the University Emergency Hospital in Bucharest, told MEDIAFAX Wednesday he accepted his appointment as Health Ministry deputy secretary of state to more

12.28.2011

Ford Romania, the second-largest car manufacturer present in Romania, which owns the Craiova plant, will receive the state aid that the Romanian government has committed to only when the American more

12.27.2011

Romania’s Finance Ministry plans to sell state paper worth between 14 billion lei (EUR3.2 billion) and RON16 billion in the first quarter of 2012, according to an announcement posted Tuesday on the more

12.14.2011

The Agriculture Ministry has EUR3.5 billion available for next year and 90% of this amount should go to farmers as state aid, direct payments for farming land and as European financing. more

12.06.2011

Seventeen state-owned companies were included in this year's “Top 100 Most Valuable Companies in Romania”, three of which were new entries and the rest of them regulars in this ranking put more

11.24.2011

Romania will continue to lower its state employee numbers to reach 1.1 million by the end of 2012, President Traian Basescu said Thursday at the Economist Conferences Bucharest Summit. more

11.21.2011

Romania’s Government will likely approve the 2012 state budget and social security budget on Friday and forward the bills to Parliament for adoption, Finance Minister Gheorghe Ialomitianu said more

11.17.2011

Romania’s Finance Ministry on Thursday sold 296.5 million lei (EUR68 million) in three-year bonds, slightly below the planned amount, at an average yield of 7.48% a year. more

11.16.2011

The Romanian Senate on Wednesday approved with 66 to 23 votes and seven abstentions a bill on appointing private managers at state-owned companies. more

11.13.2011

Romanian state-owned enterprises ultimately belong to the Romanian people, so it is the Government's responsibility to ensure they are properly run and that their managers have the people's interest more

11.12.2011

Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion) next more

11.03.2011

The companies under the Romanian Economy Ministry's authority and monitored by the IMF have reduced their arrears, cut their personnel expenses by 4.5% and posted 50% lower losses in the first nine more

11.02.2011

The largest head-hunters of the local market, who “hunt” top executives and charge EUR25,000 to EUR30,000 for it, will get in the race for the most ambitious recruitment project in Romania at the more

11.01.2011

The Romanian Senate’s administration committee on Tuesday approved a bill whereby only public officials who own over 5% of a firm must disclose the respective firm’s contracts with the state. more

10.28.2011

Romania will continue to reduce the number of public sector employees, “especially in public administration,” President Traian Basescu said Thursday on public television. more

10.26.2011

A quarter of Romania's 760 state-owned enterprises, such as RADET, CFR or Oltchim, are unprofitable, with nonviable assets and de facto bankrupt, meaning almost 100,000 employees would be left jobless more

10.26.2011

Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the more

10.21.2011

Mandatory private pension funds have sheltered from the sovereign debt crisis by investing preponderantly in government bonds, seeking to offset the significant losses recorded by shares, as well as more