10.01.2014

Most money transfers to Romania operated through Western Union were made from Italy, Germany and Spain, and the average value of a transfer is around $300, said Daniela Budurea, Western Union country more

08.18.2014

Romania’s 2019 euro-adoption target should be enclosed in a law adopted by the parliament so that the necessary reforms to join the euro area would not be affected by political changes, central bank more

06.24.2014

Romania might be able to complete all procedures needed to join the Single Supervisory Mechanism (SSM) in 2015, part of the EU banking union, which will start operating on November 2014, Romanian more

06.19.2014

Daniela Budurea was reappointed as Western Union country manager for Romania and Bulgaria, after two years of senior management positions in Western Union in Europe. more

04.04.2014

Unionists with chemical fertilizer maker Azomures (AZO.RO) plant Azomures said new gas prices imposed by producers would force the company to shut down production and force 3,500 employees into more

10.23.2013

The European Union Council has approved a new EUR2 billion precautionary financial assistance program for Romania in conjunction with a similar two-year loan from the International Monetary Fund. more

06.27.2013

Viorel Constantinescu has been appointed leader of Hidrosind, the trade union of Romanian state-owned hydropower producer Hidroelectrica, people close to the matter told Mediafax Thursday. more

06.21.2013

The European Union Council Friday has closed excessive deficit procedures for Romania, confirming that the country has reduced its budget deficit below 3% of the gross domestic product, the EU’s more

05.29.2013

The European Commission Wednesday recommended Romania be removed from the list of countries with excessive deficits in light of the country’s progress in lowering the budget gap below the bloc’s more

01.17.2013

The unionists with Hidrosind said Thursday the layoffs at Romanian insolvent energy producer Hidroelectrica breach the collective labor contract, and threaten with court actions and protests as of more

01.15.2013

Romanian unionists and International Monetary Fund representatives will meet Monday evening for talks on the minimum wage and the state budget for 2013, union leader Bogdan Hossu told Mediafax more

10.19.2012

Romanian President Traian Basescu Friday said that his country will be included in the upcoming EU banking union, which aims to place euro area banks under the supervision of a single regulatory more

09.27.2012

The European Commission’s proposal to set up a single supervisory mechanism for the eurozone banking system represents an inevitable process and Romania should be part of the new banking union, more

09.13.2012

Romanian President Traian Basescu on Thursday reiterated Romania’s objective to join the euro area in 2015, adding the country has no reason to change this goal and failing to meet it would be more

09.03.2012

Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs. more

06.25.2012

Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country manager. more

02.03.2012

Has accession to the European Union brought Romania any palpable advantage? If the question seems nonsensical, let me rephrase it: has Romania in the five years since it joined the EU received more more

01.24.2012

Romanian President Traian Basescu called on Romanians to be loyal, efficient and responsible for the benefit of the country in a message to the nation on the 153rd anniversary of the union of the more

01.16.2012

The Romanian Liberal Party is calling for the Boc Cabinet's immediate resignation, arguing that the Government has proven "incapable" and "absent" in the management of the recent protests, as well as more

10.05.2011

Nokia Metal union leader Valentin Ilcas confirmed Wednesday that the collective work contract unionists at Nokia’s plant in Jucu, Romania, signed with the company does not state the granting of more

10.04.2011

The departure of Finnish mobile company Nokia marks the exit from the Romanian market of the largest employer of temporary workforce. more

10.03.2011

Romanian unionists and the representatives of Nokia’s local plant on Monday started negotiations on severance package for the 2,200 employees the Finnish mobile company will lay off by the end of more

07.07.2011

About 400 employees with the Romanian public roads authority CNADNR are picketing the institution’s headquarters Thursday saying management refuses to apply a new collective work contract because more

06.10.2011

The results of several audit missions of the European Commission (EC) on how EU non-repayable funds are used in Romania are now under review in Brussels. The partial or total suspension of fund more