Romania will terminate its contract with constructor Bechtel for 300 km of the Transylvania Highway on which work has not yet started, sources in the Ministry of Transport told online newspaper Gandul. read more...

Romania's Government will increase the budgets of the intelligence services and Interior, Defense and Justice ministries by almost 724 million lei (over EUR170 million), for personnel expenses, according to the draft budget revision. read more...

Romanian President Traian Basescu said Tuesday on public radio he does not rule out the possibility of several state-owned companies to go bankrupt, adding the Government does not have to always step in and save these companies. read more...

Romanian President Traian Basescu said Tuesday on public radio that "Romania has to walk the wire, carefully, without populism, but with pragmatism." read more...

Romania may raise public sector wages 15 next year, either at once or in tranches, Marian Sarbu, head of coalition party UNPR, told Radio France International Tuesday. read more...

Romania's Government should replace the clawback tax in the healthcare system with a new version and implement the proposal for co-payment as soon as possible, Jeffrey Franks, head of the IMF agreement evaluation mission, told Mediafax. read more...

Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday. read more...

The European Commission's plan to reduce the co-financing that must be provided by six EU member states to access EU funds, to 5% from 15%, may save Romania as much as EUR714 million. read more...

Romanian Finance Ministry Wednesday sold EUR462.6 million in four-year foreign currency bonds, below the planned amount, at an average yield of 4.85% a year. read more...

The price of heating in Bucharest has been raised to 169.88 lei/Gcal (including VAT), from RON124/Gcal as of August 1, according to a decision of the City Council. read more...

The Romanian "solidarity basket" program, approved by the Government, will provide pensioners each month with a package comprising basic food products, like flour, sugar, oil, corn and rice, for the "lowest price possible." read more...

Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year, and laid off workers will get severance pay and unemployment aid until 2014. read more...

Romanian Labor Minister Sebastian Lazaroiu said Wednesday he discussed with the International Monetary Fund mission the public sector wage law to be enforced next year, the implementation of a new pension system and the country’s future social assistance code. read more...

Romania's Government must put an end to public fund waste in healthcare and ensure fair drug prices, a strategy that can be implemented by supplying mostly generic drugs and restructuring the entire purchase system, said Prime Minister Emil Boc on Tuesday. read more...

Romania's National Agency for Fiscal Administration (ANAF) has decided to notify the National Anti-corruption Department (DNA) about Victor Ponta, president of opposition Social Democratic Party (PSD) and Social-Democratic Senator Dan Sova. read more...

Romanian plans to open for public its newly rebuilt National Arena stadium with a friendly match against a major team were dealt a heavy blow as the Argentinian Football Federation announced the match against Romania, due to take place on August 10, was cancelled. read more...

Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday. read more...

While Romania is out of recession this is not the time for champagne and it should keep the pace of reform and avoid the mistakes of 2008, Romanian PM Emil Boc said at the beginning of talks with representatives of an IMF, European Commission and World Bank delegation to Romania. read more...

Romanian news agency Agerpres, quoted by Evenimentul Zilei newspaper, reports that Russia's Ambassador to NATO Dmitri Rogozin warned on Sunday about the risk of fascism emergence in Europe considering the Norway attacks. read more...

Romanian member of the European Parliament Adrian Severin, whose immunity has been lifted by the EP on June 23, is subject of a criminal inquiry under suspicion of bribe taking and traffic of influence by Romanian anti-graft department (DNA) prosecutors, according to a DNA press release. Severin showed up at the DNA on Friday morning, telling news agency Mediafax it was a "preliminary talk" with prosecutors" and he would not elaborate during the procedure. read more...