Headlines

Romania: daughter, aide of ex-president to stand trial

2017-05-24 08:30:00
BUCHAREST, Romania – Romanian anti-corruption prosecutors say the daughter of former President Traian Basescu and his closest aide are among those standing trial on bribery and other corruption-related charges connected to his presidential campaign.

How to Spend on Defense: Romania's 2 Percent Conundrum

2017-05-24 08:18:00
Citation / Document Symbol Eurasia Daily Monitor Volume: 14 Issue: 69 Cite as Jamestown Foundation, How to Spend on Defense: Romania's 2 Percent Conundrum, 24 May 2017, Eurasia Daily Monitor Volume: 14 Issue: 69, available at: http://www.refworld.org ...

Basescu Daughter Faces Graft Charge in Romania

2017-05-24 07:56:00
Romanian former development minister Elena Udrea and former president Traian Basescu’s daughter, Ioana, will stand trial for obtaining illegal funds for Basescu's 2009 presidential campaign. Former Romanian minister of DEvelopment and Tourism Elena Udrea.

Romania: daughter, aide of ex-president to stand trial

2017-05-24 07:54:00
Romanian anti-corruption prosecutors say the daughter of former President Traian Basescu and his closest aide are among those standing trial on bribery and other corruption-related charges connected to his presidential campaign. Basescu aide ex-Tourism ...

New law to allow Romania’s “port oligarchs” to cash in

2017-05-24 07:38:00
A draft law currently being considered in Romania would set fees to lease land and infrastructure at Black Sea and Danube ports at extremely low levels for the next decade, allowing private port operators to make tens of millions of euros in profit at the ...

German provider of 3D printing solutions opens subsidiary in Romania

2017-05-24 07:31:00
FIT Group, a German provider of 3D printing solutions, has opened a subsidiary in Romania, in Brasov, where it will hire 10 software developers for a start. The company will accelerate its software development process by over 300% after opening the new ...

Breakneck Growth Troubles Romania's Newest Central Banker

2017-05-24 06:40:00
Romania’s rapid economic expansion, the European Union’s fastest, is worrying the nation’s newest central banker. The consumer-led boom is unsustainable and risks potentially painful adjustments in the future, according to Eugen Nicolaescu, who was ...

Telekom Romania fires one-third of its managers

2017-05-24 04:38:00
Telekom Romania will fire 205 out of a total number of 600 managers as part of its restructuring process, sources from the group’s trade union told Profit.ro. At the beginning of this year, the telecom operator had about 700 managers, 100 of whom have ...

GfK: Romania’s consumer goods market records slower increase in Q1

2017-05-24 03:32:00
Romania’s consumer goods market rose by 1.7% in the first quarter of this year compared to the same period last year, but the sales volume declined for the first time since 2015, according to the GfK Consumer Confidence. The Romanian consumers ...