Romania

Naspers has expanded its online holdings by purchasing Romania’s main online retailer.The South African-based media conglomerate Naspers has paid 80 million US dollars for a majority stake in the Romanian site emag.ro, media reported. This is one of the largest transactions in the Romanian online sector so far. Emag.ro was …

Over 700 Romanian children have been adopted so far in 2012, while some 1,200 families have been cleared for adoption in the country, officials have announced.Romania eased adoption regulations in April, following adoption of a new law aimed at encouraging more adoptions. The goal is to slash the number of …

Report names politicians running in next month’s parliamentary elections who once worked for the secret police, held senior positions in the former ruling Communist Party or have convictions for corruption.The Alliance for a Clean Romania, ARC, on Monday released a list of politicians that it says are either corrupt, or …

Romania’s Prime Minister Victor Ponta pledged to bury his political feud with President Traian Basescu after next month’s parliamentary elections, predicting he will return as premier and turn his full attention to the country’s economic and social challenges.

Romania’s anti-graft drive risks delays after the business of naming new heads for the country’s main anti-corruption institutions hit an obstacle.Romania’s Superior Council of Magistrates, CSM, on Thursday rejected ministerial nominations for the posts of Chief Prosecutor and head of the National Anti-Corruptin Directorate, the DNA. The CSM, tasked with …

Stepping back from earlier talk of vetoing EU budget cuts, Romania’s parliament is now taking a more conciliatory line, merely opposing the cuts in principle.Romania’s parliament on Tuesday adopted a resolution opposing cuts in the EU budget to funds for farming and development. New EU member states, Romania included, are …

Poor market conditions force Bucharest to change plans to sell a minority stake in the Transgaz gas companyRomania is to cancel plans to sell a 15-per-cent stake in the gas pipeline operator, Transgaz, as agreed with the International Monetary Fund, citing poor conditions on the stock market. “The stock market …

Romania’s leaders are at odds over whether the country has a right to threaten to veto EU budget changes at the upcoming European Council meeting.Romania is threatening to veto the EU budget if the European Commission’s planned cuts to the budget for the next seven years slash farming and development …

Three ministers being investigated for possible conflicts of interest have rejected the claims, accusing the country’s anti-corruption agency of playing politics.Three ministers from the centre-left government are denying accusations from the anti-graft body, the National Integrity Agency, ANI, regarding alleged conflicts of interest and corruption. “I am innocent. I’ve decided …

Fund says Bucharest must implement promised reforms to conclude a new agreement; mission to return after December elections.A joint delegation of the IMF and the European Commission concluded its visit to Bucharest on Wednesday, following talks with the authorities on macro-economic prospects and on progress towards achieving the fiscal targets …