Bucharest Appellate Court Acquits Former Culture Minister In COI Case
Romania’s former culture minister Mircea Diaconu was acquitted Thursday by the Bucharest Appellate Court in a case in which he is charged with incompatibility with public office.
The court ordered Diaconu to pay an administrative fine of RON1,000. The ruling may be appealed with the High Court of Justice.
In the summer of 2012, Diaconu stepped down as Culture Minister after he had lost his final appeal against the ruling of incompatibility.
In October 2012, the High Court of Justice ruled Diaconu was incompatible with the position of senator, since he was also director of the Nottara Theater in Bucharest.
In November 2012, Diaconu lost his seat in the Senate after the Constitutional Court backed the ruling of the High Court of Justice stating he is incompatible with public office. (Jurnalul National)
BNR Suspends Voting Rights Of Two Shareholders In Banca Carpatica
Romania’s central bank has suspended the voting rights of two large shareholders in commercial lender Banca Comerciala Carpatica (BCC.RO), saying the stockholders no longer meet the “good reputation” criteria, Carpatica said in stock exchange filling Thursday.
The suspension applies to Ilie Carabulea, who owns around 45.4% in Banca Carpatica, and Corneliu Tanase, holder of an 11.66% stake in the bank. The two investors are banned from purchasing additional stock in the bank.
Carabulea was recently placed under house arrest for suspicion of bribery and influence peddling in connection to a case regarding the insurance company Carpatica Asig, part of the Carpatica banking and financial group.
Tanase’s voting rights were suspended for having acted together with Carabulea, thus no longer fulfilling “the quality requirements regarding the reputational criterion of a shareholder of a credit institution,” Banca Carpatica said. (Puterea)
BNR Head Says People Ought To Be Financially Literate To Cope With Market Complexity
Romania’s central bank governor Mugur Isarescu said the country’s population must have financial literacy education to be able to deal with the complexity of financial products.
Isarescu said Romania scored 31 on a scale of 0 to 100 in a World Bank financial literacy survey. (Curierul National)
Liberal VP Iohannis Says Won’t Run For President Of Romania
Klaus Iohannis, vice-president of the National Liberal Party (PNL), Thursday said he will not run for President of Romania at the elections due in November 2014.
Iohannis said PNL head Crin Antonescu definitely is the party’s candidate in the presidential elections. He added he will back Antonescu who is bound to become Romania’s new President. (Curierul National)