termination

Romania’s Transport Ministry has sent a contract termination notice to the constructor of a highway section linking capital Bucharest to Ploiesti, in southern Romania, because the builder left the site and raised its price 47%.

Romania’s Transport Ministry will end the service on the rail route connecting Bucharest northern train station to Otopeni Airport due to losses, minister Radu Berceanu said Tuesday.

Romanian telecom regulator ANCOM on Thursday announced the first cuts in mobile termination rates will be applied starting with May 1.

Romanian privatization authority AVAS will reclaim the majority stake within the companies Alimentatie Publica, in northeastern Romania’s Botosani and Textila Unirea in Bucharest, which were privatized before 2000, since the investors failed to pay the total acquisition price.