Eurasia Press & News
After attempts to sell it failed, the mainly state-owned Oltchim chemical company is filing for insolvency.Romania’s mainly state-owned petrochemical and plastics manufacturer, Oltchim, is to start insolvency procedures after sending a request to a local court, the Economy Minister, Varujan Vosganian, said on Wednesday. Oltchim is the second large state-owned …
Read More »Romania Pulls Plug on Maverick TV Station
OTV channel, owned by a controversial businessman-turned-politician, Dan Diaconescu, has been cut off for failing to pay long overdue fines.Romania’s TV regulator, the CNA, on Tuesday ordered a populist TV station, OTV, to stop broadcasting on the grounds that the company holding the channel license had not paid large fines …
Read More »Romanian MPs Face Dose of Austerity
Economically stricken Romania has decided to cut various allowances for parliamentarians.Romanian MPs are facing austerity, with their monthly housing stipends and travel expenses being halved, according to the assembly draft budget for 2013. An MP’s monthly allowance for housing will drop from 7,400 lei (some 1,650 euro) to 4,000 lei. …
Read More »Two Romanians Die in Algeria Hostage Crisis
Bucharest says that two Romanians have died but another three have been released after being taken hostage by Islamist militants in Algeria.The Romanians were among more than 80 who are reported to have died as a result of the hostage crisis at a British-Norwegian gas plant in Algeria, where Islamists …
Read More »Romania President Rejects Proposed Anti-Corruption Chiefs
President Traian Basescu has turned down the Justice Minister’s two candidates to head the country’s main anti-corruption institutions.President Traian Basescu has rejected the Justice Minister’s nominations for the posts of Chief Prosecutor and head of the National Anti-Corruption Directorate, the DNA. “The selection procedure wasn’t sufficiently open to encourage more …
Read More »Romania Dismisses British Fears of Influx
Romania’s Foreign Minister says British speculation about large numbers of Romanians heading to work in the UK next year has no basis in fact and is all about politics.Romania’s Foreign Minister, Titus Corlatean, on Thursday said that British talk of a possible mass influx of workers in 2014, after remaining …
Read More »Romanians Among Islamist Hostages in Algeria
At least one Romanian is among the hostages kidnapped and feared killed by Islamic militants in southern Algeria.Romania’s Foreign Minister confirmed on Thursday that at least one Romanian citizen was among the 41 foreigners taken hostage at a British-Norwegian gas plant in Algeria in retaliation to French military intervention in …
Read More »Romania to Simplify Fiscal Checks
Several fiscal bodies are to merge into one, in a bid to improve efficiency and lighten the load on companies struggling under the weight of numerous inspections.Romania’s centre-left government plans to merge several fiscal authorities into a single structure in a move to reform the tax system and increase the …
Read More »Romania Unveils Budget For 2013
Prime Minister says draft budget for this year will put Romania back on the path to economic growth.Romania’s centre-left government is planning to a growth oriented budget for 2013, with a target growth of 1.8 per cent and a public deficit of under 2 per cent. “We want to end …
Read More »Romania unveils 2013 budget, eyes 1.8% growth
Romanian Prime Minister Victor Ponta on Thursday unveiled the 2013 draft budget that targets 1.8-percent economic growth and a public deficit under 2.0 percent. “In 2013 our obligation is to put Romania back on the track of economic growth,” centre-left Ponta told a press conference. He added that his government, …
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