Mediation Becomes Mandatory Before Trial Starting August 1
Attending mediation meetings before trial has become mandatory in Romania starting August 1.
Under the law regulation the mediation process, the Court will only give priority for trial setting to parties who have attended mediation.
A mediation is a meeting between the parties, their lawyers, and a neutral third party called a “mediator.
Mediation can be used to resolve disputes between two or more parties in a variety of domains, such as commercial, legal, diplomatic, workplace, community and family matters. (Adevarul)
Hayssam Says He Wants Truth To Come Out
Omar Hayssam, convicted of terrorism in Romania, said Wednesday in court that he wants legal authorities in Romania and international authorities to reopen all his cases so that “all truths can come out.”
Hayssam was brought to the Bucharest Court Wednesday and judges are expected to decide whether he will be placed under preventive arrest on embezzlement charges.
Hayssam is currently detained at Rahova Penitentiary.
End November 2012, Romania’s Supreme Court sentenced Hayssam to 16 years in prison for embezzling EUR1.6 million from four companies. (Puterea)
Ponta Says Romania Has No Plans To Sell Majority Stakes In State-Run Enterprises
Romania’s new agreement with the International Monetary Fund and the European Commission doesn’t include giving up majority control of any of the state-owned companies, according to Prime Minister Victor Ponta.
Speaking at a press conference, Ponta said the government’s privatization program agreed with its international partners would not include selling majority stakes in public enterprises.
IMF mission head Andrea Schaechter said that the Romanian authorities plan to sell minority stakes instead, mainly in the energy sector.
Romania To Secure EUR4B Loan From IMF, EU
Romania plans to borrow EUR4 billion from the International Monetary Fund and the European Commission, Andrea Schaechter, the head of the IMF mission to Bucharest, said Wednesday.
Half of the money will come from the IMF, subject to approval at a board meeting scheduled for this fall, Schaechter told a news conference.
The agreement will be signed for two years and the authorities in Bucharest will treat the deal as precautionary, meaning they do not plan to draw on the available funds. (Curierul National)
IMF Ups Romania GDP Growth Forecast To 2% In 2013
The International Monetary Fund has revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and exports.
“Economic recovery continues to accelerate. Exports have increased in the first half of the year and the farm output is better than in the previous year,” IMF mission head Andrea Schaechter told a press conference in Bucharest.
For 2014, the IMF forecasts an economic growth of 2.25% in Romania, also up from an increase of 2% initially envisaged.