Today in the News

The Romanian chemical plant Oltchim will be declared insolvent, with a view to reorganisation.

The death of two Romanian citizens in the hostage crisis in Algeria has triggered heated reactions in Romania.

Passed on Wednesday by the Government in Bucharest, the 2013 state budget and social security bills are to be submitted to Parliament for debate.

The amendments to the statute of the Romanian MP were adopted on Tuesday in Bucharest. The new statute strengthens the immunity of both senators and deputies, against the background of close monitoring of the Romanian judiciary by the EU partners.

The Romanian authorities have once again promised to the representatives of the international lenders to privatise loss-making state-owned companies. New deadlines have also been set for stock exchange listings and for the appointment of professional mana

Romanias public budget for 2013 will be accompanied by fiscal measures concerning the companies in the energy industry and agriculture.

Dozens of foreign employees, including two Romanians, have died in the hostage crisis in a natural gas complex in Algeria. The bodies of the two Romanians have been repatriated.

The Algerian hostage crisis is finally over, and politicians are rushing to find explanations and to prevent more such situations.

The Romanian Parliament starts its activity with a bigger number of seats.

Romania might send troops as part of the European joint military mission due to take action in the Western African country of Mali, the Romanian Foreign Minister Titus Corlatean said in Brussels, as the European Union has given the go-ahead for a 15-month

The World Bank, one of Romanias international creditors, has made some recommendations to Bucharest, among which more focus on the measures meant to boost economic growth and domestic production, in terms of increasing productivity and product competitiv

The announcement of the American Investment Bank J.P. Morgan that it will include Romania in the banks Government Bond Index-Emerging Markets has boosted the national currency, which was already on an ascending path.

The Romanian Government plans to slash the VAT on basic foodstuffs and to increase the national minimum salary.

On January 17th, the Romanian Foreign Minister Titus Corlatean will attend a special meeting of the EU External Affairs Council, devoted to the crisis in Mali.

A joint delegation of the IMF, the European Commission and the World Bank is in Bucharest for a new assessment of Romanias precautionary agreement with those financial institutions.