Latest News from Romania
The authorities estimate they will obtain over 300 million euro through the selling of 51 percent of the Electrica stock during the initial public listing that will start on June 16, said, on Tuesday, the head of the Directorate for Privatization of the Energy Department Gabriel Dumitrascu, during a conference on the topic of energy.
Security in Eastern Europe is a growing concern among Romanians, while the number most worried by unemployment and low salaries has fallen slightly, a new poll has revealed.
Around 10 per cent of Romanians are worried about the possibility of a conflict in the region, compared to just 1.4 per cent one year ago, the report from INSCOP polling company said.
Bank of Cyprus will make a decision on whether to proceed to a share capital increase or not at the end of June, after reporting its first profit in seven quarters on Friday, saying it was on track on deleveraging and improving the quality of its loan portfolio.
First-quarter profit after tax was 31 million euros after a 103-million-euro loss in the last quarter of 2013.
Romania’s Anti-Corruption Department said in its latest progress report that 850 people, including ministers, lawmakers, mayors, judges and prosecutors, were convicted of corruption over the past 12 months.
Among those convicted were four ministers or ex-ministers and five MPs, among them former Prime Minister Adrian Nastase, who was found guilty for a second time in January.