Finance, Banking and Economic News - 14 July 2011 -
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Finance, Banking and Economic News
14 July 2011

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Prime minister Emil Boc said on Thursday that Environment minister Laszlo Borbely stays as a member of the Romanian Government as no official inquiry has been launched against him, news agency Agerpres reports. His statement comes as suspicions of Borbely's involvement in a traffic of influence case emerged earlier this week. read more...

Romanian prosecutors and police were involved in 117 raids in Bucharest and several other Romanian cities on Thursday targeting three groups involved in cases of fraud on e-commerce websites. According to a press release, some 1,000 people were the victims of the groups while the total prejudice amounted to some 20 million US dollars. read more...

Romanian Health Minister Attila Cseke said Thursday he will soon put forward a draft act to grant spa resort status to ten localities which have therapeutic springs. read more...

Romanian Prime Minister Emil Boc asked the ministers to penalize EU fund beneficiaries who are overdue in implementing their projects, so that the money can be diverted towards other European developments. read more...

Romania's High Court of Cassation and Justice on Thursday, in the case of the wealth of former minister Dan Ioan Popescu and his wife, ordered the seizure of more than 4 million lei (EUR950,000). read more...

Romanian Transport Minister Anca Boagiu on Thursday appointed Dorin Ioan Maer in the position of general manager of state-run passenger railway company CFR Calatori. read more...

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