Finance, Banking and Economic News
Former ministers Nagy Zsolt an Tudor Chiuariu were indicted in the Romanian National Post file accused of abuse of service contrary to public interest with very serious consequences, anti graft prosecutors announced in the press release. read more...
Romanian Senate Chairman Mircea Geoana on Wednesday challenged the education law, arguing that its adoption through a vote of confidence in the Government was unconstitutional, but also contesting its content. read more...
Romania’s President Traian Basescu said Wednesday on public radio that France and the Netherlands are carrying out a diplomatic offensive to convince more countries that Romania should not be allowed to join the Schengen Area unless it solves problems in the justice sector. read more...
Romanian President Traian Basescu told Hotnews Wednesday that few Romanians blame the High Council of Magistrates (CSM) for the situation of the country’s justice system and prefer to hold politicians, the Government and the president responsible for problems in the sector. read more...
Land owners that don"t maintain their land run the risk of being fined, starting next year, with 50 Euros/hectare, officials sources said for Bursa. read more...
PSD leader Victor Ponta declared on Wednesday morning that Social Democrats, together with the Liberals and Conservatives will submit two motions of censure on the unique salary scheme law and the 2011 salary law. read more...
The rulings of the unique pension scheme are constitutional, Romania's Constitutional Court decided on Wednesday rejecting the claims submitted by Social Democrats and Liberals, Romanian news agency Agerpres informs. read more...
Almost a third of the Romanians, about 31% would emigrate for good if they would have the possibility, a Gallup survey released on Tuesday, quoted by Romanian news agency Mediafax reads. Romanians are second after the British at 33%. read more...
Romania’s President Traian Basescu said Wednesday on public radio the opposition’s goal is for the country to derail so that businessmen that are behind opposition leader can rebuild their fortunes affected by the crisis. read more...
Romania's Government will begin discussing the normative act establishing the car pollution tax for 2011 on Wednesday or next week, at the latest, said Environment Minister Laszlo Borbely, adding that the tax on "older cars" will be higher than was announced recently. read more...
Romania’s Parliament has scheduled plenary meetings for debates on the country’s 2011 state budget for December 20 through December 24, Chamber of Deputies secretary Dumitru Pardau said Wednesday. read more...
Romania’s Tourism and Regional Development Ministry on Monday will launch a book that will present the institution’s achievements in 2010, Tourism Minister Elena Udrea told a news conference Wednesday. read more...
Romania’s Constitutional Court Wednesday ruled the pension law reexamined and adopted by the Parliament at the president’s request is constitutional, rejecting opposition liberals’ claims. read more...
Romanian opposition Social Democratic Party leader Victor Ponta said Wednesday the opposition will submit two motions of no-confidence in Parliament over the wage law for 2011 and the unitary wage law, for which the Government sought MPs' confidence vote Tuesday. read more...
The Romanian auto market had the fifth biggest growth in the EU in November and climbed a position in the ranking of the biggest car markets in Europe, to 14 from 15 last year, according to data released Wednesday by the European Carmakers Association (ACEA). read more...
President Traian Băsescu was undecided yesterday as to when Romania will step out of recession: he talked about the first quarter, the first half and the second half of 2011. read more...
The new law on mandatory home insurance, which leaves out of the natural disaster insurance system those owners who bought such insurance on their own, will not significantly affect this programme, considering the number of optional policies is really low as it is, brokers and insurers feel. read more...
From January through October foreign debt payments - the debt being largely taken out by the private sector - amounted to three billion dollars a month on average, but these volumes did not upset the RON's stability, partly because of NBR interventions on the forex market. read more...
Labour productivity, which started to show signs of rebound since mid-year, continued to grow in the third quarter, while wage earnings recorded a downward trend. read more...
The local subsidiary of American company Dell, the world's no. 3 on the computer market, has reached a few hundred employees in Romania amid the development of the IT services division, with the trend to continue in the coming period, said Dragoş Mateescu, Dell's commercial manager for this region, who is also in charge of the company's local operations. read more...
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