Latest News from Romania

Romanians Lose Interest in Marking 1989 Revolution

As she has done for the past two decades on December 21, a 47-year-old woman walked alone through downtown Bucharest on Monday, starting in Piata Universitatii, the capital's main square, where she laid a few flowers by a large cross.

NATO Set to Activate Missile Shield in Romania

The US Navy will formally inaugurate its new missile defence base in southern Romania on Friday once construction of the base is complete.

There are still some tests to be run before the system is fully operational, most likely by April next year, according to Romanian officials.

Drug Plug Ban Angers Romanian Advertisers

Romanian advertising companies risks losing over 50 million euro from expected earnings if drug companies are not allowed to advertise on TV and radio any longer.

The figures come from the International Advertising Association Romania, IAA.

The IAA on Wednesday protested against a new law that bans explicit ads for over-the-counter medicines.

President Appeals for 'New Start' in Romania

Romanian President Klaus Iohannis on Wednesday will call for a major re-write of the country's complex laws in an address to the country's parliament.

A document that BIRN has obtained quotes the President as saying: "This has to be the moment for a new beginning. Parliament must be at the heart of simplifying and rationalising legislation, which now is too complex.

Prince Caught up in Romanian Fraud Probe

Romania's anti-graft investigators on Monday questioned Ioana Valmar, the ex-wife of the speaker of the parliament, in a case of real estate fraud involving many big public names and even royalty.

Valmar, a notary, is being investigated for her role in legalising the paperwork in illegal land and property dealings, which prosecutors say cost the state some 136 million euros.

Balkan States Hit by Illegal Cash Outflow

The new report by US NGO Global Financial Integrity entitled 'Illicit Financial Flows from Developing Countries: 2004-2013' rings alarm bells about the amount of 'black money' leaving the four Balkan countries each year.

Romania Scraps Funds For New Churches

Romania's budget for 2016, which parliament is due to approve this week, has cut to zero the government's contribution to the construction of new churches.

In particular, this will affect work on the Cathedral of the Redeemer, which is expected to be the tallest church in Southeast Europe.

Turkey faces Spain, Czech Republic, Croatia at Euro 2016

The 24 nations participating in the 2016 European Championship have discovered who their group-stage opponents will be next summer. Turkey will face Spain - crowned European champions in the last two tournaments - the Czech Republic and Croatia in Group D.

Turkey manager Fatih Terim described the group as "tough" but he remained hopeful.

Moody's upgrades outlook on Romania's rating from stable to positive

Moody's Investors Service changed on December 11 Romania's rating outlook from stable to positive and affirmed the country's sovereign rating at Baa3 (investment grade), the Public Finance Ministry announced on Saturday.

Romania Targets Wealthiest Tax Dodgers

Tax authority check wealthy Romanians | Photo: Rl.ro

Romania's tax administration, ANAF, is checking the assets of 30 ultra-wealthy Romanians from an initial group of people with personal assets of over 20 million euro, according to information BIRN has obtained.

Bulgaria-Greece Gas Link to Start Work in Mid-2018

Construction of the Interconnector Greece-Bulgaria (IGB) is to begin next October, and the link is to become operational by mid-2018, officials from the two countries confirmed on Thursday.

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