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Orban: All EU-Funded HR Projects Checked By EC Contained Irregularities
Social/Politics

Orban: All EU-Funded HR Projects Checked By EC Contained Irregularities

The European Commission (EC) checked most of the projects carried out through the Romanian EU-funded human resources development program and found irregularities, unnoticed by the Romanian a...

Ioana Tudor · 06.07.2012 · 18:56 · 1 min
Macroeconomics

Romanian Businesspeople Expect The Leu's Depreciation To Bring Higher Prices, Lower Consumption

The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in lay...

Radu Bostan · 06.07.2012 · 17:53 · 4 min
Constitutional Court Issues Standpoint On President Impeachment Request
Social/Politics

Constitutional Court Issues Standpoint On President Impeachment Request

The Constitutional Court said Friday in its standpoint on the move to impeach President Traian Basescu that the head of state has not exercised with maximum efficiency and rigorousness his r...

Ioana Tudor · 06.07.2012 · 15:46 · 1 min
EU Concerned Over Political Crisis In Romania
Social/Politics

EU Concerned Over Political Crisis In Romania

The European Commission Friday expressed concerns over the recent political upheaval in Romania, particularly regarding a series of measures that could threaten the independence of strategic...

Florentina Dragu · 06.07.2012 · 13:57 · 1 min
Social/Politics

Romanian Ex-PM Razvan Ungureanu Launches Center-Right Civic Initiative

Romania’s former prime minister Mihai Razvan Ungureanu on Friday launched the Center-Right Civic Initiative.

Ioana Tudor · 06.07.2012 · 13:18 · 1 min
Ponta: Romania To Observe Rule Of Law, Constitutional Court Decisions
Social/Politics

Ponta: Romania To Observe Rule Of Law, Constitutional Court Decisions

Romania will observe the rule of law and the decisions issued by the Constitutional Court, and will meet its obligations stated in the agreements with the International Monetary Fund and in...

Ioana Tudor · 06.07.2012 · 12:04 · 1 min
Social/Politics

Political Instability May Cost Romania EUR1 Million A Day Because Of Higher Interest Rates

The persistence of political turmoil affects Romania’s perception by foreign investors and may lead to higher borrowing costs, which in turn will have a significant impact on the spending on...

Radu Bostan · 06.07.2012 · 00:00 · 2 min
American General Wesley Clark To Advise PM Ponta On Security Matters
Social/Politics

American General Wesley Clark To Advise PM Ponta On Security Matters

Romanian Prime Minister Victor Ponta on Thursday introduced Wesley Clark, retired general of the United States Army, as his new advisor on strategic, security and economic matters.

Radu Bostan · 05.07.2012 · 20:16 · 1 min
Social/Politics

Government Changes Referendum Law To Impeach President With Majority Of Votes Cast

Romania's Government has issued an emergency ordinance amending the referendum law to provide that the President may be impeached with the votes of the majority of participants in the ballot...

Radu Bostan · 05.07.2012 · 19:51 · 1 min