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The state budget – Romania’s main macroeconomic risk in 2018, OTP Asset Management analysis reads


The state budget will be the main macroeconomic risk for Romania in 2018, although the public debt is still low, an analysis conducted by OTP Asses Management reads. “Given the Government’s increasing need for funding and the pro-cyclical fiscal policy ...

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UK’s Vast Resources got an USD 9.5 M financing for investments in Romania


The British mining company Vast Resources ends the first month of 2018 with the agreement of a USD 9.5 million financing with Mercuria Energy Trading SA, its new partner, one of the largest integrated energy and trading companies worldwide. According ...

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Deva City Hall to cut wages by 20pc, to lay off about 150 employees

Primaria Deva city hall

Deva City Hall will cut wages by 20 per cent and will lay off approximately 150 employees after the new mayor, Florin Oancea, found that last year’s wage fund was three times higher than the money allocated for investments, glasul-hd.com ...

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President Iohannis promulgates the State Budget Law for 2018. Long list of vulnerabilities noticed

iohannis  ambassadors

President of Romania, Klaus Iohannis, has promulgated the State Budget Law and the State Social Security Budget Law on Wednesday, a presidency release informs. President Klaus Iohannis draws attention to the vulnerabilities of the budget for 2018 and to the ...

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E-Distributie Muntenia invested RON 18 M in 2017 for the modernisation of 80 substations in Bucharest

E-Distributie Muntenia

E-Distributie Muntenia invested almost RON 18 million (EUR 4.6 million) this year for the modernization of the power supply points and secondary stations in Bucharest and for integrating them in the Telecontrol system, thus achieving important steps towards creating a ...

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