Expats

EU commissioner: Slow disbursement of EU funds may cost Romania [Mar 19, 2012] Bucharest (dpa) - Romania must make better use of allocated EU-funds or risk receiving less money in the coming budget period, the European Commissioner for Regional Development Johannes Hahn said Monday.Romania has drawn only 6.3 per cent of the 19.2 billion euros (25.3 billion dollars) the European Union has earmarked for it in the current budgetary period, from 2007 until 2013.Unless it ... [via YahooNews] More >>

Romania's ex-PM cleared of corruption charges [Dec 17, 2011] Romania's ex-PM cleared of corruption charges BUCHAREST, Romania (AP) ? A top court in Romania on Thursday ruled that former Prime Minister Adrian Nastase is not guilty of bribery in a corruption case. Nastase had been accused of paying a bribe to a government official in charge of preventing money laundering to destroy documents regarding a bank deposit of $400,000 (euro308,000) by Nastase's ... [via YahooNews] More >>

Romania's ex-PM cleared of corruption charges [Dec 17, 2011] Romania's ex-PM cleared of corruption charges BUCHAREST, Romania (AP) ? A top court in Romania on Thursday ruled that former Prime Minister Adrian Nastase is not guilty of bribery in a corruption case. Nastase had been accused of paying a bribe to a government official in charge of preventing money laundering to destroy documents regarding a bank deposit of $400,000 (?308,000) by Nastase's wife. [via YahooNews] More >>

Romania May Lose EUR 50 M over Bulgaria's 'Sluggish' Work on Danube Bridge 2 [Nov 21, 2011] Romania may lose EUR 50 M in EU money due to Bulgaria's delay in the construction of the so called Danube Bridge 2, connecting Bulgaria's Vidin and Romania's Calafat. What is unusual in the case is that the delay has been caused by Bulgaria, according to the Romanian Capital newspaper. The Romanian part of the construction has already been finished, the paper points out. ... [via YahooNews] More >>

Romanian F-16 deal in doubt [Sep 19, 2011] Romania cannot afford to purchase second-hand F-16 combat aircraft unless granted a long-term financing plan, Romanian President Traian Basescu said yesterday."We have no money and we cannot commit ourselves to such a contract without... [via YahooNews] More >>

Romania, among the countries with the highest potential in Europe [Sep 19, 2011] Erste Group CFO Manfred Wimmer said he is optimistic about the prospects of the Romanian economy and that, on long term, Romania is among the countries with the highest potential in Europe, Money.ro reports. [via YahooNews] More >>

New law would give Romanian government right to obtain illegally earned wealth [Jul 07, 2011] BUCHAREST, Romania - A spokeswoman says Romania's government has approved a draft law that would allow the confiscation of the illegally obtained money from people who have been convicted of crimes and imprisoned. [via YahooNews] More >>

Romanian Sentenced in eBay, Craigslist, and AutoTrader.com Scam [Jun 30, 2011] According to federal prosecutors, Adrian Ghighina, 33, of Bucharest, Romania, legally entered the United States legally in late 2004. That may well be the last use of the term "legally," when it comes to describing Ghighina's stay on our shores. [via YahooNews] More >>

Romanian Sentenced in eBay, Craigslist, and AutoTrader.com Scam [Jun 30, 2011] According to federal prosecutors, Adrian Ghighina, 33, of Bucharest, Romania, legally entered the United States legally in late 2004. That may well be the last use of the term "legally," when it comes to describing Ghighina's stay on our shores. [via YahooNews] More >>

Subscribe to RSS [May 31, 2011] It is only an illusion that Greek banks are pulling money out of Romanian banks on account of financial problems, Adrian Vasilescu, advisor to the National Bank of Romania (BNR) governor, stated, quoted by ?Jurnalul National?. [via YahooNews] More >>

Romania eyes investment from Gulf businessmen [Mar 08, 2011] AFP/Bucharest Romanian President Traian Basescu yesterday invited Gulf businessmen to spend their money investing in this Balkan country, on opening a two-day economic forum here. [via YahooNews] More >>

Romanian customs official arrested over bribes [Mar 05, 2011] BUCHAREST, Romania (AP) ? Romanian prosecutors say a customs chief has been arrested after he was allegedly caught taking a ?2,400 ($3,300) bribe. Anti-corruption prosecutors say Cornel Costea from the southern city of Ploiesti received the money from a Turkish import-export company. [via YahooNews] More >>

Romanian customs official arrested for allegedly taking bribes [Feb 25, 2011] BUCHAREST, Romania - Romanian prosecutors say a customs chief has been arrested after he was allegedly caught taking a ?2,400 ($3,300) bribe. Anti-corruption prosecutors say Cornel Costea from the southern city of Ploiesti received the money from a Turkish import-export company. [via YahooNews] More >>

Romanian customs official arrested over bribes [Feb 25, 2011] (AP:BUCHAREST, Romania) Romanian prosecutors say a customs chief arrested Friday was allegedly caught taking a 2,400 euro ($3,300) bribe. Anti-corruption prosecutors said Cornel Costea from the southern city of Ploiesti received the money from a Turkish import-export company. [via YahooNews] More >>

Angry over cuts, thousands protest Romanian prez [Jan 24, 2011] (AP:BUCHAREST, Romania) Perhaps it wasn't the kind of military parade Romanian President Traian Basescu expected on a national holiday. More than 5,000 retired officers marched Monday through Bucharest to protest pension cuts, part of government efforts to save money. [via YahooNews] More >>

Thousands protest Romanian president and cabinet ministers in opposition to pension cuts [Jan 24, 2011] BUCHAREST, Romania - Perhaps it wasn't the kind of military parade Romanian President Traian Basescu expected on a national holiday. More than 5,000 retired officers marched Monday through Bucharest to protest pension cuts, part of government efforts to save money. [via YahooNews] More >>

Romania to seek more funds for Roma integration - Update [Aug 26, 2010] Bucharest - As Romania was expecting the final groups of expelled Roma nationals to return from France on Thursday, Bucharest said it needed more money from the European Union to integrate them in its country. [via YahooNews] More >>

Missing savings spark bank rush [Aug 13, 2010] BUCHAREST (Romania) - ABOUT 200 people rushed to a Dutch-owned bank in central Romania on Thursday after more than 1 million euros (S$1.7 million) was reported missing from accounts there. Police spokesman Liviu Nagy said bank employees are suspected of taking money from at least 20 savings accounts at a branch of Credit Europe Bank in Brasov city without authorization. [via YahooNews] More >>

Romanian Current-Account Deficit Widens as Workers Send Less Money Home [Aug 11, 2010] Romanias current-account deficit widened in June for the fifth consecutive month as citizens working abroad sent less money home. [via YahooNews] More >>

Romanian journalist charged in 2nd blackmail case [Jul 19, 2010] A Romanian television journalist has been charged in a second blackmailing case. Dan Diaconescu has denied extorting money from a businessman with another journalist in 2005. He claims the charges have been revived and are politically motivated from factions within the ruling Democratic Liberal Party who fear his popular appeal after he said he would run for president. [via YahooNews] More >>