Social/Politics
Basescu Passes Law Raising SIF Ownership Cap To 5%
Romanian President Traian Basescu on Thursday signed the decree passing an amendment to Law 297/2004 on the capital market, which raises the limit on ownership in the five regional investmen...
Over One Third Of Arpechim Pitesti Employees To Be Laid Off On January 9
More than a third of the employees of Romanian refinery Arpechim Pitesti, which belongs to oil company OMV Petrom (SNP.RO), will be laid off on January 9.
Romania Wants To Host Jean Michel Jarre Concert, To Promote Tourism
Organizing a Jean Michel Jarre concert this year is among the objectives included in Romania's multi-year marketing and tourist promotion program, which will receive 11 million lei (EUR2.5 m...
Romania's New Criminal Code To Take Effect In March-June 2013
Romania's new Criminal Code and Criminal Procedure Code will be implemented in March-June 2013, Justice Minister Catalin Predoiu announced Thursday.
Procurement Settlement Board Received 6,293 Complaints In 2011, Down 20%
Romania's National Contestation Resolution Council registered 6,293 complaints in 2011, down 20% from 7,867 in 2010, in the wake of changes to public procurement legislation.
Competition Council Recommends Fines In Fuel Market Probe Report
The Romanian Competition Council will present next week the results of its fuel market investigation, recommending fines that are below the 10% of turnover ceiling, the authority’s president...
Romania’s New Civil Procedure Code Takes Effect On June 1
Romania’s new Civil Procedure Code will take effect on June 1, Justice Minister Catalin Predoiu told a news conference Thursday.
Transporters Want Road Toll To Be Charged Per Distance
The Federation of Romanian Transport Operators (FORT), which has almost 500 firms, is asking the Government to implement a system whereby the road toll would be charged according to distance...
Plane Beats Train In Bucharest, At Last
More planes land on the Henri Coanda (Otopeni) Airport in Bucharest now than trains entered the Bucharest main train station (Gara de Nord - North Station) after ten years during which deman...