06.14.2012

Romania’s Government on Wednesday approved a memorandum increasing the budgets of the Justice Ministry, the High Court of Justice and the High Council of Magistrates, as well as unfreezing several more

06.13.2012

Yields on government bonds have risen again in the past few weeks as has Romania’s CDS, as well as interest rates on the interbank market. This at a time when risk aversion in Europe is on the rise more

06.11.2012

Romania’s Finance Ministry on Monday sold 506.8 million lei (EUR113.6 million) in one-year treasury bills, half the planned amount, as the average yield rose to 5.29% a year from a record low of more

06.11.2012

Romanian companies operating in the extractive and processing industries will be able to access structural and state budget funds amounting to 240 million lei (EUR53.7 million) for energy efficiency more

06.07.2012

Romania’s Finance Ministry on Thursday sold 336.4 million lei (EUR75 million) in two-year bonds, half the planned amount, at an average yield of 5.73% a year, slightly higher than at the previous more

05.30.2012

Romania’s Finance Ministry plans to sell state paper worth 3.5 billion lei (EUR784.4 million) in June, close to the RON3.54 billion amount sold a month earlier, ministry data showed Wednesday. more

05.29.2012

Romanian Health Minister Vasile Cepoi said Tuesday a decision regarding the clawback tax will be taken following an impact study to be completed by June 15. more

05.29.2012

Romgaz Medias, Romania’s largest gas producer and the most profitable state-run company, last year reached a net profit of over 1 billion lei (around EUR0.22 billion), 35% more than the preliminary more

05.28.2012

Romania’s Health Minister Vasile Cepoi said ministry officials are trying to find a way to solve the problems caused by charging the clawback tax to drug producers, a situation that could seriously more

05.28.2012

The Romanian Education Ministry will hold an auction in July to buy IT&C equipment and services needed to connect schools to the Internet. more

05.28.2012

Romanian state-owned plane maker Avioane Craiova (AVIO.RO) signed a frame-contract with the Defense Ministry to repair and maintain jet trainers IAR 99 Soim, union leader Victor Peta said Monday. more

05.24.2012

Romania’s Finance Ministry on Thursday sold 417.2 million lei (EUR93.4 million) in seven-year bonds, slightly below the planned amount, at an average yield of 6.4% a year. more

05.23.2012

Romania’s Government on Wednesday decided to unfreeze 500 jobs in the public healthcare system, the Health Ministry said in a press release. more

05.23.2012

Updating Romania’s public debt management strategy, with an emphasis on limiting the annual rates and interests as share of the gross domestic product, stimulating authorized primary dealers to more

05.21.2012

Romanian Economy Ministry has awarded a 66 million lei (EUR14.8 million) financing to the local unit of French utility GDF Suez for upgrade works at the Bucharest natural gas network, the ministry more

05.21.2012

Kazakh state-run oil and gas company KazMunayGas wants to attract Romanian capital for a joint well services company in the Asian country, the Romanian Economy Ministry said in a statement Monday. 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

05.17.2012

Romania’s Finance Ministry on Thursday sold 698.5 million lei (EUR157 million) in five years bonds, slightly above the planned amount, at an average yield of 6.15% a year. more

05.16.2012

Some Romanian ministries and public institutions might be allowed to hire more staff than agreed with financial institutions, while the rule whereby only one in seven vacant positions may be filled more

05.14.2012

Romania’s Finance Ministry on Monday sold 335.4 million lei (EUR75.6 million) in two-year bonds, below the planned amount, while the average yield was virtually unchanged at 5.53% a year. more

05.10.2012

Romania’s Finance Ministry on Thursday sold 1.34 billion lei (EUR303 million) in four-year bonds, above the planned amount, at an average yield of 6.09% a year, central bank data showed. 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

05.07.2012

Romania’s Finance Ministry on Monday sold a planned 750 million lei (EUR170.2 million) in one-year treasury bills, while the average yield was flat at a record low of 5.02% a year, central bank data more

04.27.2012

Romania’s Finance Ministry plans to sell state paper worth 3.8 billion lei (EUR865.6 million) in May, down from RON4.9 billion sold a month earlier, ministry data showed Friday. more