Romania

Car Accident Adds to Russia-Romania Strains

Romania’s not-so-friendly relations with Russia are under further strain following a car accident involving a Russian diplomat.Romania on Wednesday asked Russia to lift the diplomatic immunity of a Russian official whose vehicle hit and injured a young woman on a pedestrian crossing in Bucharest. A day earlier, Foreign Minister Titus …

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Romania to Investigate Collapse of Oltchim Bid

Journalist-turned businessman Dan Diaconescu is to be investigated for allegedly falsifying documents to win a public tender.The privatisation department within the Ministry of Economy, OPSPI, has asked on Wednesday prosecutors to investigate whether the businessman and media owner Dan Diaconescu broke any laws in his bid for chemical company Oltchim …

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Romania Cancels Privatisation of Chemical Plant

The Romanian government has cancelled the privatisation of the country’s largest chemical company, Oltchim.The bid to privatise Romania’s state–owned chemical producer, Oltchim, had been cancelled, Prime Minister Victor Ponta announced on Monday evening, after the previous bid winner, Dan Diaconescu, failed to pay for the majority stake. “We have to …

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IMF Unlocks New Funds for Romania

The International Monetary Fund, IMF, has approved the release of 513 million euros following the sixth review of Romanian’s standby arrangement.The International Monetary Fund, IMF, on Saturday approved the release of the latest chunk of funds under Romania’s precautionary loan after reviewing the country’s progress in meeting the terms attached …

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Court Blow to Romanian PM’s Summit Ambitions

In a blow to Prime Minister Victor Ponta, the Constitutional Court has ruled that parliament has no right to decide who should represent Romania at EU meetings.Romania’s Constitutional Court on Wednesday ruled that parliament has no right to decide on whether the President of Prime Minister should represent Romania at …

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Romania Hopes to Lure More Health Tourists

Minister says that medical tourism in Romania needs promoting as part of a drive to attract more visitors in general.As Romania seek to boost numbers of foreign visitors, the country’s medical services are being increasingly touted as an area deserving expansion on the grounds of quality and low prices. “Health …

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Romania Still Under EU Scrutiny After Ponta Visit

Prime Minister Victor Ponta’s visit to Brussels has not entirely eased EU concerns about Romania’s respect for the rule of lawPrime Minister Victor Ponta on Tuesday claimed that Romanian-EU relations, strained by the bitter political infighting between the government and the President, were back on track. They “have become normal,” …

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