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Social/Politics

Parliament Adopts Bill Banning Usury

The Romanian Chamber of Deputies on Tuesday adopted a bill whereby usury is considered a crime punishable by six months to five years in prison.

Ioana Tudor · 18.10.2011 · 15:59 · 1 min
Social/Politics

Romanian Census To Begin On October 20 With EUR45M Budget

The national census, to be conducted between October 20 and 31, will be the most complex census carried out in Romania after 1989 and the first since the country's accession to the European...

Radu Bostan · 18.10.2011 · 14:55 · 1 min
Social/Politics

Public Officials Owning 3% In A Firm Won’t Be Forced To Disclose Contracts With State

The Romanian Chamber of Deputies on Tuesday tacitly adopted a bill whereby officials who own less than 3% of a company may no longer be forced to state the respective company’s contracts sig...

Ioana Tudor · 18.10.2011 · 13:08 · 1 min
Romania Could Slip Back Into Recession Anytime, PM Says
Macroeconomics

Romania Could Slip Back Into Recession Anytime, PM Says

Romania could slip back into recession anytime next year, Prime Minister Emil Boc said Tuesday, adding the Government needs to continue its restructuring measures and prioritize investments.

Oana Gavrila · 18.10.2011 · 11:55 · 1 min
Social/Politics

Government May Raise PPP Contract Value By 50% Without New Auction

Romania's Government reserves the right to increase the value of a public-private partnership contract by up to 50% for services not provided by the initial draft, without a prior notice of...

Radu Bostan · 17.10.2011 · 19:28 · 2 min
Social/Politics

Ciolos: Direct Payments To Romanian Farmers To Rise By EUR3B By 2020

Direct payments to Romanian farmers will increase by about EUR3 billion by 2020, EU Commissioner for Agriculture Dacian Ciolos said Monday.

Ioana Tudor · 17.10.2011 · 18:19 · 1 min
Macroeconomics

Boc: 2012 Budget Needs New GDP Growth, Deficit Estimates

Romania's Government has completed the draft of next year's state budget, but it will be sent to Parliament after the European Commission (EC) announces the economic growth forecast and afte...

Radu Bostan · 17.10.2011 · 17:25 · 1 min
Social/Politics

Democrat Liberal Leaders Decide To Oust Silviu Bian From Party

The Romanian ruling Democratic Liberal Party’s Standing Bureau on Monday decided to oust Silviu Bian from the party, following his arrest on corruption charges, deputy Razvan Mustea said Mon...

Ioana Tudor · 17.10.2011 · 16:02 · 1 min
Social/Politics

Integrity Agency Says Former Union Leader Marius Petcu Cannot Account For EUR725,000 In Revenue

Romania’s integrity agency, a body that screens public officials’ wealth and interests, has called on a judicial commission to check the wealth of former union leader Marius Petcu, who was u...

Oana Gavrila · 17.10.2011 · 13:19 · 1 min