The Romania Journal - Daily News in English from Romania - Daily news in English from Romania

Banks registered last year cumulative losses ‘much higher’ than RON 2 billion, the level being surpassed in November, while in December grew even higher, said on Wednesday Nicolae Cinteza, the director of the Supervision Department of the…

Balkanik! Festival, an event dedicated to Balkan music and culture, will take place this year between September 11 and 13 in Bucharest in two performing areas. Balkanik! Festival 2015 project received funding through the SEE Financial…

Businessman Dinu Patriciu disinherited his wife Dana Patriciu before he passed away in 2014. According to his will he left nothing to his wife, evz.ro and gandul.info inform, quoting B1 TV. Sources say the will is going to be most certainly…

President Klaus Iohannis won the lawsuit with the National Integrity Agency, after the Supreme Court gave a final ruling in this matter on Wednesday. So, the High Court of Cassation and Justice (ICCJ) overruled ANI’s appeal, thus deciding…

Over the last four years, Fondul Proprietatea (FP) has posted an annualized return of almost 10 percent. In spite of setbacks encountered by some of the fund’s underlying assets, Franklin Templeton’s management has increased FP’s net asset…

Latvia's Ambassador to Romania Ilgvars Klava on Wednesday said that there is a 'realistic possibility' for a decision to be reached during the Latvian Presidency of the Council of the European Union concerning Romania's accession to the…

The Romanian government must ensure that state controlled entities are run by professional, private managers, selected via a transparent and competitive process, free from any political influence. According to U.S. Charge d’Affaires a.i.…

The Romanian Constitutional Court ruled on Wednesday that the cyber security law is unconstitutional on the whole, arguing it lacks the notice of the Supreme Council of National Defense (CSAT) and has also deficiencies related to coherence,…

44 percent of Romanian CEOs state that they are highly optimistic about the revenue growth perspectives of their companies in the next year, up from 39 percent last year, according to the results of PwC’s Global CEO Survey 2015, released…

Romanian President Klaus Iohannis posted on Facebook his first one-month balance sheet since he took office, talking about “the first institutional steps” taken to accomplish his project. “We took the first institutional steps towards…