PENALTY
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Romania, Ford Settle Penalty Dispute
Romania’s government wants to cancel out a part of penalties owed by U.S. carmaker Ford, which failed to observe car production clauses included in a privatization contract with the state, after the carmaker referred an environmental dispute to the Internation...
Electrica Claims Penalties Of Up To EUR2B From Enel, E.ON And CEZ
Romanian state-owned electricity distributor Electrica SA claims penalties of up to EUR2 billion from Italy’s Enel, German group E.ON and Czech power group CEZ for failing to meet several pr...
Firms That Pay Off Debts To State Budget In Sept-Dec Won’t Pay Penalties
Romanian firms that have debts to the state budget will be exempted from paying penalties if they pay off the debt and the late payment interest between September 1 and December 31, 2012, Pr...
Agriculture Minister Says Romania Could Pay Less Than EUR75M To EU For Misused Funds
Romania could pay less than EUR75 million as penalties to the European Commission for misused EU funds, Agriculture Minister Valeriu Tabara told MEDIAFAX in an interview.