Finance, Banking and Economic News
A train machinist reportedly stopping the train to smuggle diesel and gendarmes allegedly watching TV while on duty allowed dozens of warheads to be stolen from a train in Romania this weekend, according to media reports on Monday. News emerged on Sunday that four boxes carrying 16 warheads each were stolen from a train carrying military equipment from Romania to Bulgaria the day before, an incident currently investigated by military prosecutors. 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...
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 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...
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 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...
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...
The Ambassador of France to Bucharest, Henri Paul, has told in an interview with news agency Mediafax that he had the "same feeling" as the US Ambassador when French business people came to him and told him about corruption in Romania. read more...
The Romanian national currency leu (RON) was traded at a rate of 4.2910 RON/Eur on the interbanking market on Tuesday, due to worries related by the Greek and Italian crisis. Market dealers told HotNews.ro that buying was aggressive but that was a trend noticed on all markets in the region and was not a cause for panic. Central bank BNR set the Tuesday rate at 4.28 RON/Eur, as compared to 4.22 RON/Eur on Monday. read more...
Romanian anti-graft prosecutors will call for approval to investigate Environment minister Laszlo Borbely under suspicion of traffic of influence, Romanian public TV TVR reported on Tuesday. read more...
Bulgaria created a ministry in 2010 to deal exclusively with the seven operational programs funded by the EU. In an interview with hotNews.ro, Bulgarian minister Tomislav Donchev, 38, tells how his ministry managed to absorb five times more European funds in one year than in the period of 2007-2009. read more...
Romanian President Traian Basescu received European Commissioner Neelie Kroes in Bucharest on Monday. He used the occasion to note that Romania adopted necessary measures to combat the economic crisis a year before other countries but that fact was not acknowledged by anybody for the time being. read more...
The process by which the Romanian state sells 9.84% of the shares held by the Economy Ministry in oil company Petrom starts on Monday. The offer is mediated by a consortium of banks formed around Renaissance Capital Limited, held 50% by Russian billionaire Mikhail Prokhorov through the Onexim Group Investment Fund. read more...
Romania is renegotiating its convention with the Russian Federation signed in Moscow in 1996, according to data provided by the Economy Ministry in Romania at HotNews.ro request. read more...
Romania's Government has approved a bill introducing extended confiscation, an act that will be sent to the Parliament for adoption. read more...
Over 600 National Customs Authority employees, or one third of the employees who have received a layoff notice, will be sacked based on the results of an evaluation scheduled for July 18-July 29, tax authority ANAF president Sorin Blejnar said Wednesday. read more...
The Governments of Romania and Israel will hold a joint meeting in November to discuss joint projects in agriculture, energy, infrastructure, defense, tourism, healthcare, environmental issues and culture, Romanian Prime Minister Emil Boc said Wednesday after a meeting with Israeli counterpart Benjamin Netanyahu. read more...
Cigarette sales in Romania increased 15-20% in the first half of this year, compared to the first half of last year, as tax evasion has decreased, said Gilda Lazar, corporate affairs manager with Japan Tobacco International Romania. read more...
Romanian businessman Costica Constanda on Wednesday won a civil trial started against the Bucharest city hall regarding a land swap contract, and the mayoralty will pay the businessman damage claims amounting to a record EUR165 million. read more...
Israeli Prime Minister Benjamin Netanyahu starts Wednesday a visit to Romania and Bulgaria, marking the first prime ministerial visit to either of those countries in about 20 years, the Jerusalem Post reported in its online edition Wednesday. read more...
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