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EC Urges Romania To Show Commitment To Rule Of Law, Judicial Independence – Draft CVM Report
Social/Politics

EC Urges Romania To Show Commitment To Rule Of Law, Judicial Independence – Draft CVM Report

The European Commission recommends that Romania’s Government and the country’s key institutions should demonstrate their commitment to the principles underlying the rule of law and judicial...

Ioana Tudor · 17.07.2012 · 14:00 · 2 min
Social/Politics

Romania Could Face Infringement Over Irregularities In Contracts Awarded By Sector 3 City Hall

The European Commission might start infringement procedures against Romania and might impose financial sanctions of tens of millions of euros after it found irregularities in contracts award...

Ecaterina Craciun · 17.07.2012 · 13:39 · 1 min
Former ANAF Head Faces 30-Day Travel Ban In Tax Evasion Case
Social/Politics

Former ANAF Head Faces 30-Day Travel Ban In Tax Evasion Case

Romanian anticorruption prosecutors on Tuesday issued a 30-day travel ban against Sorin Blejnar, former head of Romania's tax authority ANAF, who is investigated in a tax evasion case.

Ioana Tudor · 17.07.2012 · 12:38 · 1 min
Antonescu Passes Law Requiring 50%+1 Referendum Turnout
Social/Politics

Antonescu Passes Law Requiring 50%+1 Referendum Turnout

Romania’s acting President Crin Antonescu on Tuesday passed a law requiring a turnout of more than 50% for a referendum on impeaching suspended President Traian Basescu.

Ecaterina Craciun · 17.07.2012 · 10:18 · 1 min
Energy

State-Run Companies Go From Losses Of EUR500M To Profits Of EUR300M

The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion.

Radu Bostan · 17.07.2012 · 00:00 · 5 min
PM And FinMin: We Are Not Increasing Taxes. We Could Have Economic Growth
Social/Politics

PM And FinMin: We Are Not Increasing Taxes. We Could Have Economic Growth

The exchange rate could return below RON4.5 to the euro after the “calming and the clarifications on the political scene,” and the economy could return to growth in the second quarter. As fa...

Radu Bostan · 17.07.2012 · 00:00 · 2 min
Ponta: Parliament Won’t Be Downsized At 300 MPs
Social/Politics

Ponta: Parliament Won’t Be Downsized At 300 MPs

The Romanian Parliament will not be downsized at 300 lawmakers as all political parties are against this amendment, Premier Victor Ponta told Gandul Live on Monday.

Manuela Panescu · 16.07.2012 · 13:14 · 1 min
Over One Third Of Romanian Key EU-Funded Projects Saw Little Progress In 1H
Real Estate

Over One Third Of Romanian Key EU-Funded Projects Saw Little Progress In 1H

Over one third of the EU-funded projects the Romanian Government regarded as a priority have advanced at a very slow pace in the first half of the year, and in most cases works advanced by l...

Ioana Tudor · 15.07.2012 · 14:16 · 2 min
Social/Politics

Government Deems Recent EC Comments Regarding EU Fund Absorption “General Approach”

The recent remarks by the European Commission regarding Romania’s EU fund absorption plan represent only a “general approach” to the matter, the Romanian Government said in a statement Satur...

Ioana Tudor · 14.07.2012 · 16:25 · 1 min