Ambassador Ramis on changes in Romania’s Justice: Wordy laws, problematic provisions detected
French Ambassador in Bucharest Michele Ramis said Thursday that the amendments to Romania’s criminal codes are “extremely wordy” and are still being studied, adding that provisions have been (...)
Jun 21, 2018
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Liviu Dragnea convicted to three and a half years in prison for instigating abuse, in case concerning the hiring of personnel at DGASPC Teleorman
The Supreme Court announced on Thursday its decision in the DGASPC dossier in which PSD leader Liviu Dragnea was charged with corruption alongside his ex-wife Bombonica Prodana. The decision is (...)
Jun 21, 2018
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Romania governing party leader Dragnea receives prison sentence in corruption case / Verdict not final
Liviu Dragnea, the leader of Romania's Social Democrats (PSD) and speaker of the House of Deputies, received a 3 years, 6 months sentence in a case involving fictitious employment of people at an (...)
Jun 21, 2018
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Government Relaunches Fuel Excise Refund Scheme for Transporters
Romania's government approved a memorandum Thursday for a state aid scheme to refund a portion of fuel excise duties to road transporters of passengers and cargo, the finance ministry (...)
Jun 21, 2018
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Antitrust Body Looks into Thesteelprinters Takeover by ArcelorMittal Spain Holding
Romania's antitrust body will look into the transaction whereby ArcelorMittal Spain Holding SL and Frankstahl Technology GmbH take over Thesteelprinters SL Spain because it exceeds value (...)
Jun 21, 2018
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Parliament to have stricter rules for visitors and journalists after Wednesday’s protest
Cameramen will no longer be able to get close to parliamentarians As a result of Wednesday’s protest, Parliament will have stricter rules for visitors and journalists, Senate Speaker Calin Popescu (...)
Jun 21, 2018
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USR asks for the resignation of IntMin and of the head of the Romanian Gendarmerie, Carmen Dan and Sebastian Cucos, after the incidents at the protest in Victoriei Square
Save Romania Union (USR) Chairman Dan Barna asked on Thursday to the Interior Minister and the head of the Romanian Gendarmerie, Carmen Dan and Sebastian Cucos, to resign, claiming that “they (...)
Jun 21, 2018
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#DiplomaticCentennial/Ambassador Dranga:Romania, Poland regional leaders wishing strong trans-Atlantic ties, deep bilateral relations with US
The joint celebration of the Centennial of Romania's Greater Union and the Independence Centennial of Poland offer the two states cooperation opportunities for emphasizing their modern (...)
Jun 21, 2018
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Ambassador Ramis on changes in Romania’s Justice: Wordy laws, problematic provisions detected
French Ambassador in Bucharest Michele Ramis said Thursday that the amendments to Romania's criminal codes are "extremely wordy" and are still being studied, adding that (...)
Jun 21, 2018
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Romanian firemen rescue orphan stork chicks
Military firemen in Galati, in eastern Romania, rescued four orphaned stork chicks at the end of last week, Agerpres reported. The chicks were left alone in the nest after their mother died (...)
Jun 21, 2018
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Romania Raises RON88.9M Selling Sept 2031 Bonds at 5.38% Average Yield
Romania's fiance ministry on Thursday raised 88.9 million lei (EUR19.03 million) out of a planned RON200 million selling treasury bonds maturing in September 2031, central bank data (...)
Jun 21, 2018
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EximBank, Agricover Credit Boost By RON50M Loan Agreement Funding Romanian Farmers
EximBank and Agricover Credit have decided to supplement by RON50 million the loan agreement of RON100 million they are carrying out and to extend it by four (...)
Jun 21, 2018
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The Cat Empire at music festival in Bucharest
The fifth edition of the Shine music festival takes place between June 30 and July 1 at Arenele Romane, in Bucharest’s Carol Park. The festival’s lineup includes names such as The Cat Empire, (...)
Jun 21, 2018
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Charlie Hebdo comments on Romanians’ reaction to Simona Halep caricature
A recent editorial published by the French satirical magazine Charlie Hebdo comments on the Romanians’ reaction to its caricature of Simona Halep. The caricature was highly criticized by many (...)
Jun 21, 2018
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Mega Image Expands to Western Romania With First Store in Timisoara
Dutch-Belgian retailer Mega Image has opened its first store in Timisoara, western Romania, reaching a total of 620 stores, which makes it the second-largest supermarket chain in the (...)
Jun 21, 2018
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3-Month ROBOR Rate Rises Slightly, Three Other Indices Remain Flat
The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, rose slightly to 2.95% a year on Thursday, from 2.93% previously, central bank data (...)
Jun 21, 2018
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Romania appoints council to consult on new education law
The Education Ministry has appointed a council made up of local and international education experts to consult on a new legislative framework for the country’s education sector. It will work “to (...)
Jun 21, 2018
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EU: Urgent dossiers
These days, the European Union has different concerns compared to two or four weeks or months ago. Brexit is undoubtedly agitating the UK’s political life, but on the continent the urgent concerns (...)
Jun 21, 2018
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Former senator Dan Sova, sentenced by final decision to three years in prison in the CET Govora case
Former senator Dan Sova was sentenced on Wednesday by the Supreme Court to three years in prison for influence peddling in the CET Govora case, in which he is accused of taking a 100,000-EUR (...)
Jun 21, 2018
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Mihai Miron Invests EUR3.5M In Factory Producing Dairy Brand Vitalact
Entrepreneur Mihai Miron, who controls Ropharma group, one of the largest players on the local pharmaceutical market, and St. Constantin Hospital in Brasov, has invested EUR3.5 million in a (...)
Jun 21, 2018
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Deputy PM Ana Birchall meets United States Secretary of Commerce Wilbur Ross: Increasing US investment levels in Romania, among priority objectives of the Gov’t
Increasing US investment levels in Romania and pursuing positive developments in the two countries’ commercial relations represent priority objectives of the Gov’t, Deputy Prime Minister Ana (...)
Jun 21, 2018
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VIG Invests EUR1M In Digitisation Projects
Austrian group Vienna Insurance Group (VIG), which controls nearly a quarter of the Romanian insurance market through three companies - Asirom, Omniasig and BCR Asigurari de Viata, has recently (...)
Jun 21, 2018
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Parliament increases sales limit over which card payments are mandatory in Romania
The Parliament adopted a bill that increases the turnover threshold over which companies in the trade sector are obliged to accept card payments, Profit.ro reported. The new turnover limit is EUR (...)
Jun 21, 2018
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Romania’s Chamber of Deputies adopts internship contract
Companies and public institutions in Romania will be able to sign internship contracts with young people over the age of 16 and an intern’s work program will be maximum 40 hours per week, or 30 (...)
Jun 21, 2018
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EC issue new warning on Romania’s growing fiscal imbalances
Romania’s budget deficit is increasing as takes were lowered and public spending went up, a European Commission representative warned on Wednesday, June 20, Mediafax reported. Isabele Grilo, the (...)
Jun 21, 2018
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Romania’s Labor Ministry wants to pay companies that hire unemployed people
Romania’s Labor Ministry will no longer support people who don’t want to work and will stimulate companies to hire unemployed people and welfare beneficiaries instead, according to labor minister (...)
Jun 21, 2018
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Romania has lowest food prices in EU
The prices of consumer goods and services in Romania were the second-lowest in the European Union (EU) in 2017, standing at 52% of the EU average. Only Bulgaria had lower prices, at 48% of the EU (...)
Jun 21, 2018
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Dutch group will open two of the biggest co-working spaces in Bucharest
Dutch creative workspace provider Spaces will enter the Romanian market by opening two large co-working spaces in Bucharest. The company has leased 3,000 sqm on three floors in the Unirii View (...)
Jun 21, 2018
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Globalworth starts third building of its office campus in Northern Bucharest
Globalworth Real Estate Investments, the biggest owner of office space in Romania, has started working on the third building of its Globalworth Campus office project in Northern Bucharest. The (...)
Jun 21, 2018
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Romanian opposition parties file no-confidence motion against Govt.
The leaders of the main opposition parties in Romania’s Parliament, PNL, USR and PMP, filed a no-confidence motion against the PSD-ALDE government led by Viorica Dancila on Wednesday, June 20. (...)
Jun 21, 2018
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