Romanian Businessman Dinu Patriciu Dies At 64
Romanian businessman Dinu Patriciu, 64, has died in London, where he was receiving cancer treatment.
Patriciu had suffered a liver transplant in December 2012. His doctor said his death was likely caused by a post-transplant infection. In 2008, Patriciu ranked 462 in the world’s richest ranking drawn up by U.S. Forbes magazine, with an estimated $2.5 billion, and was the richest Romanian. (Evenimentul Zilei)
Cigarette Smuggling Picks Up In July, Reaching 17% Of Market, Highest In 3 Years
The cigarette black market in Romania picked up the pace in July, reaching 17% of the local market, from 16.1% in May and around 14% at the end of 2013, reaching its highest level in three years, according to a study by research company Nove, cited by Mediafax.
“The black market grew nearly one percentage point since May, the biggest growth registered in January-July 2014. Novel research shows other records hit by the black market: this is the highest level since March 2011 and continuous growth for more than half a year, despite authorities’ efforts to combat the phenomenon. It is therefore obvious that state institutions must act coherently and policymakers must consider the medium and long term consequences before implementing fiscal policies,” said Adrian Popa, director of corporate & regulatory affairs with BAT Romania. (Romania Libera)
PSD Senator Darius Valcov Proposed As Budget Minister
Prime-minister Victor Ponta proposed PSD senator Darius Valcov for the position of budget minister. President Traian Basescu can no longer reject the second proposition.
The first nomination, Claudiu Manda, PSD deputy, was rejected by President Basescu. According to the law, the President can no longer reject the second nomination. (Evenimentul Zilei)
Former PM Emil Boc To Support Elena Udrea For Presidential Elections
Former prime-minister Emil Boc announced he will support Elena Udrea for presidential elections, as she is a “combative and tough adversary at the address of PSD and Victor Ponta”.
Emil Boc told Mediafax Tuesday that he also supports Elena Udrea because she has always believed in Romania’s reform project that the former PM initiated jointly with President Traian Basescu. (Gandul)
EU To Support States Affected By Russian Embargo
The European Commission announced it will provide up to EUR125 million to help farmers affected by food sanctions imposed by Russia on fruit and vegetables coming from European Union.
On August 7, Russia introduced an embargo on fish, meat, fruit and vegetables and the dairy products coming from European Union, United States, Canada, Australia and Norway. (National)