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Senator Verestoy Sells EUR4M Worth Of Fondul Proprietatea Shares
Capital Market

Senator Verestoy Sells EUR4M Worth Of Fondul Proprietatea Shares

Attila Verestoy, UDMR (Democratic Alliance of Hungarians in Romania) senator, one of the richest members of the Romanian Parliament, has sold almost two thirds of the shares he bought last y...

Andrei Chirileasa · 20.06.2011 · 23:00 · 1 min
Social/Politics

EU Cuts Local Infrastructure Funding For Romania Over Procurement Problems

The European Commission has suspended financing for Romania through axis 2 of the regional operational program (Improving regional and local transport infrastructure) and asked Romanian auth...

Radu Bostan · 20.06.2011 · 19:56 · 1 min
Social/Politics

European Parliament Committee Unanimously Supports Lifting MEP Adrian Severin's Immunity

The European Parliament's committee for legal matters on Monday unanimously decided to lift the immunity of Romanian MEP Adrian Severin.

Radu Bostan · 20.06.2011 · 19:28 · 1 min
Social/Politics

Union Leader Marius Petcu Released From Preventive Arrest

Romanian union leader Marius Petcu, indicted on charges of taking bribes, will be released from preventive arrest Monday evening, after the Bucharest Court of Appeals admitted his provisiona...

Tudor Ioana Raluca · 20.06.2011 · 17:32 · 1 min
PDL Proposes Former Allianz-Tiriac CEO Cristian Constantinescu As Head Of CSA
Banks-Insurance

PDL Proposes Former Allianz-Tiriac CEO Cristian Constantinescu As Head Of CSA

Romania's Democratic Liberal Party (PDL) has nominated Cristian Constantinescu, head of insurers' organization UNSAR and former general manager of Allianz-Tiriac Asigurari, for president of...

Radu Bostan · 20.06.2011 · 17:30 · 1 min
Real Estate

Development Ministry Launches Auction To Build 84 Kindergartens For RON69M

Romania's Regional Development Ministry has launched an open auction for the design and construction of 84 day care centers and kindergartens, for an estimated total of 69 million lei (EUR16...

Gavrila Oana · 20.06.2011 · 13:00 · 1 min
Social/Politics

Boc: 469,830 New Work Contracts Registered Since May 1

Romanian Prime Minister Emil Boc announced Saturday that 469,830 new work contracts were signed between May 1 and June 16, 67% of them for indefinite periods.

Radu Bostan · 19.06.2011 · 13:04 · 1 min
New Car Pollution Tax Up In The Air
Automotive

New Car Pollution Tax Up In The Air

The new bill on Romania's car pollution tax no longer mentions July 1, 2011 as the date for the new tax's implementation and, with the upcoming parliamentary summer recess, cannot be adopted...

Radu Bostan · 18.06.2011 · 14:36 · 2 min
Social/Politics

Interior Ministry Proposes Staff Cuts At State Reserve, National Archives

Romania's Interior Ministry wants to reduce the number of jobs in the State Reserves Administration and in the National Archives by 180 and 451, respectively, to meet its personnel expenses...

Radu Bostan · 17.06.2011 · 19:37 · 1 min