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Monthly Archives: May 2018

Anti-corruption prosecutors react to CCR ruling, voice concern. The EC, embassies’ stances

The prosecutors of the National Anti-corruption Directorate (DNA) have responded on Thursday on the Constitutional Court’s latest ruling, through which President Iohannis is asked to dismiss the anti-graft chief prosecutor Laura Codruta Kovesi, stating that they are concerned that the ...

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ECHR: Romania committed several rights violations due to its complicity in CIA secret detainee programme

The European Court for Human Rights (ECHR) has issued a release on Thursday, informing that it has found several violations, referring to the complicity in the CIA secret detainee programme. In the cases of Abu Zubaydah v. Lithuania and  Al ...

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European Commission to fund motorway to link Budapest to Romania

EUR 265 million from the Cohesion Fund is invested in the construction of a new section of the M4 motorway in Hungary. It will allow making the trip from Budapest to the Romanian border in less than 2 hours 40 ...

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PM Dancila says Gov’t to adopt memorandum on Economic Code

The Government is set to approve a memorandum on the elaboration of Romania’s economic code, which will include, among others, the Tax Code, the Tax Procedure Code, the law on establishing companies, the law on tax evasion, Prime Minister Viorica ...

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Competition Council authorises Halewood group takeover by Alexandrion

The Competition Council has approved the transaction by which The Alexandrion Holdings Limited has taken over Halewood group, CC has analysed the operation and has found out that it does not lead to significant obstructions to the competition on the ...

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Several Holzindustrie Schweighofer directors investigated by DIICOT in the illegal timber trade case

DIICOT has prosecuted several managers from the Holzindustrie Schweighofer factories from Radauti and Sebes, following searches conducted on the premises on Wednesday. Among the suspects there is Nichifor Tofan, the manager of the Holzindustrie Schweighofer factory in Radauti, as well ...

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Bitdefender names American Michael Gable as Vice President of its Data Center Group

Bitdefender, a world known cybersecurity-technology company, founded and owned by Romanian IT entrepreneur Florin Talpes, which protects 500 million users worldwide, has appointed American Michael Gable as Vice President of its Data Center Group, a new division focused solely on ...

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3-month ROBOR Index up to 2.83pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.83% on Thursday, up from 2.82% on Wednesday, according to the figures released by the National Bank of Romania (BNR). Early ...

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Tarom announces new flights as of July 15

Tarom will introduce three weekly internal flights between Sibiu and Bucharest as of July 15, with prices for a round trip starting from EUR 40, all taxes included, the national flag carrier announced. The first internal flight directly connecting Sibiu ...

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