Headlines

Romania: Hundreds of Taxis, Buses Protest Uber

2017-04-26 03:57:00
BUCHAREST, Romania — Some 200 taxis and buses have parked outside the government offices in Romania's capital, Bucharest, demanding that Uber and other online taxi services be outlawed in the country. Transport in the already crowded city was disrupted ...

Romania, close to becoming the biggest market for media group CME

2017-04-26 03:56:00
Central European Media Enterprises (CME), one of the biggest media groups in the region, announced an 8.1% increase (like for like – lfl) in net revenues in the first quarter of 2017, to USD 135 million. The growth was driven mainly by the operations in ...

USA's PHI to partner with Romania's Maxagro, mulls acquisition

2017-04-26 02:07:00
US-based PHI Group, a company focused on acquisitions and investments in natural resources, energy and agriculture, said on Wednesday it will partner with Romania-based Maxagro Group and may acquire a majority stake, seenews.com reads. PHI Group and ...

Romania - Factors to watch on April 26

2017-04-26 00:35:00
BUCHAREST, April 26 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday. Romania's consolidated budget ran a surplus of 0.2 percent of gross domestic product in the first quarter ...

Europe rights court blasts Romania prison conditions

2017-04-26 00:05:00
The European Court of Human Rights on Tuesday (25 April) took Romania to task for its dismal prison conditions, saying they could be considered inhumane and degrading. Four Romanians had complained to the Strasbourg-based court of overcrowding in cells ...

Romania's Fondul says Hidroelectrica IPO unlikely this year

2017-04-25 14:20:00
BUCHAREST, April 25 Romania's investment fund Fondul Proprietatea said on Tuesday that interim board appointments at state energy producer Hidroelectrica could trigger a postponement of this year's initial public share offering plans. "With Hidroelectrica ...

Syrian Embassy in Romania participates in photo exhibition depicting war on Syria in Bucharest

2017-04-25 13:42:00
Bucharest, SANA – The Syrian Embassy in Romania participated in a photo exhibition inaugurated at the Russian Center of Science and Culture in Bucharest under the title “Syria, a Photo Chronicle of the War”. Head of the Russian Cultural Center in ...

Anti-Semitism group says 10 tombstones smashed in Romania

2017-04-25 13:13:00
BUCHAREST, Romania – An anti-Semitism organization says vandals have smashed 10 tombstones at a cemetery in the Romanian capital in "a premeditated act." The Center for Monitoring and Combating Anti-Semitism in Romania said Tuesday the tombstones were ...

Romania’s anticorruption prosecutors investigate Microsoft’s local manager

2017-04-25 12:30:00
Romania’s anticorruption prosecutors started criminal proceedings and imposed judicial control for 60 days against five people, including a former manager of Microsoft Romania. The case is linked to alleged overpriced software licenses bought by the ...