Latest News from Romania

Frustrated Gold Mine Company Axes Romanians

Gabriel Resources is to axe 373 jobs, around 80 per cent of its workforce in Romania, citing “unjustifiably long delays” in the approval of the gold mining project at Rosia Montana, in central Transylvania.

Romania Introduces Excise on Fuel, Gas, Cigarettes

Romania's excise on fuel, gas and tobacco has come into force, in compliance with an agreement that Bucharest struck with the IMF.

From Monday, fuel prices in Romania will increase with EUR 0.07 per liter, a pack of cigarettes will go up by EUR 0.6 to EUR per liter, and gas will be 2% more expensive for consumers has reported.

Ekkehard Neureither: Bulgarians are Becoming More Green Oriented

Ekkehard Neureither is the Country Manager of the automation and power technologies giant ABB for Bulgaria.

He is also the Local Division Manager for Low Voltage Products in Bulgaria, Romania, and Moldova.

NATO Mulls Stepping Up Security at Borders with Russia

NATO's Foreign Ministers are to meet on Monday and discuss measures that could be taken at borders between Russia and member states.

It will be the first such gathering since Crimea's incorporation into Russia in mid-March, which followed a referendum that approved secession from Ukraine.

Serbia's trade grows over first two months of 2014

BELGRADE – Serbia’s total foreign trade in January and February of 2014 amounted to USD 5.2 billion, an increase of 9.2 percent compared to the same period last year, the Statistical Office of the Republic of Serbia (RZS) said in a release Monday.

Suicide Attack Kills Romanian Soldier in Afghanistan

The Romanian defence ministry said in a statement on Monday that a vehicle carrying explosives crashed head-on into the military vehicle in which Claudiu Constantin Vulpoiu and his five fellow servicemen were travelling.

The Romanian troops were on patrol in Zabul province, on the Kabul-Kandahar highway. Vulpoiu, 41, had served in six missions in Afghanistan and Iraq.

Romania Marks Ten Years Since Joining NATO

Ten years after joining North Alliance Treaty Organisation, Romanian officials say the country has benefited from  membership overall, although they concede that the cost has been high in terms of the number of casualties during NATO missions and the money spent on military operations.

EU Funds Makover of Romanian 'Painted' Monastery

The EU-funded project worth some 3 million euro will begin at Putna monastery, in Bukovina, northeast Romania, and will last two years.

“The money will be used not only to restore and better preserve the monastery but also to improve its infrastructure,” Romania's Deputy Prime Minister, Liviu Dragnea, explained on Thursday.

Bulgaria to Take Part in Project for Floating LNG Terminal near Kavala

Bulgaria will participate in the construction of a floating liquefied natural gas terminal near the Greek city of Kavala in a bid to secure constant access to natural gas.

Talks on the project are to be wrapped up by end-2014, according to the authorities in Athens, as cited by the Bulgarian National Radio (BNR).

EBRD Finances Solar Project in Romania

The EBRD is loaning Spain's EDP Renovaveis, a leader in the renewable energy sector, with 20 million euro to construct and run six solar photovoltaic parks generating a total of 50MW in the southern Romanian region of Oltenia.

A parallel facility costing 10 million euro will be provided by the Black Sea Trade and Development Bank, according to a statement released on Thursday.

Bulgaria Had Lowest Hourly Labor Costs in EU in 2013

Bulgaria had the lowest hourly labor costs in the EU in 2013, yet it was the country to register the highest increase in the segment since 2008, according to Eurostat.

According to Eurostat data, in 2013 Bulgaria registered the lowest hourly labor costs among EU member states, at EUR 3.7, followed by Romania with EUR 4.6.