Latest News from Romania
Romanian Prosecutors Charge PM With Corruption
Romania's anti-corruption directorate, DNA, on Monday indicted Prime Minister and Social Democreatic Party leader Victor Ponta with forgery, being an accessory to tax evasion and money laundering. They also seized some of Ponta's assets.
The accusations relate to Ponta's previous activity as a lawyer for a law firm owned by a former minister, Dan Sova, a close friend of his.
Bavarian Investors Increasingly Interested in Bulgaria - Minister Ilse Aigner
Bulgaria is attracting increased investor interest from Bavarian companies due to the political stability and the clear reform efforts by the government regarding the spheres of judiciary and public administration, according to Ilse Aigner, Bavarian State Minister for Economic Affairs, Media, Energy and Technology.
Ponta Steps Down As Party Chief in Romania
Prime Minister Victor Ponta on Sunday said he was standing down as leader of the ruling Social Democrat Party, PSD, until prosecutors have completed a criminal investigation into charges facing him.
Three days after returning from Turkey, Romanian PM steps down as party leader
Romania's Prime Minister Victor Ponta resigned on July 12 as head of the Social Democrat party as he battles corruption charges that have prompted calls for him to step down as government leader.
Ponta has been under investigation since last month for money laundering and tax evasion, but has refused to resign his post as premier citing his duty "to millions of Romanians."
Romania Linked to European Highway Network
People from the western part of Romania can now easily get to Budapest or Vienna, using the new interconnection between Romania's A1 and Hungary's M43 highways.
Romanian authorities on Saturday inaugurated the 40-km-long segment of the Arad-Nadlac motorway and a new border checkpoint between Nadlac and Csanadpalota, in Hungary.
Romania Seizes Assets of Petrotel Lukoil
Romania has impounded the assets of the Romanian-based Petrotel Lukoil refinery and to its majority owner, Dutch-based, Lukoil Europe BV, including its bank accounts in British and Dutch banks and premiums and shares in Petrotel Lukoil.
It is the first time that Romanian prosecutors have seized accounts held in foreign banks of companies operating in Romania.
Romania, Croatia Badly Governed, Index Shows
Romania and Croatia are two of the worst governed countries in Europe according to a new study by the Bertelsmann Stiftung's Sustainable Governance Indicators project.
The platform surveyed 41 European and OECD countries in six sectors: economic, social and environmental policies, quality of democracy, executive capacity and executive accountability.
Romania Doubles Pay For Top State Officials
Romania's government has doubled the salaries of a number of top officials, including the President and Prime Minister, saying senior officials need to be rewarded more adequately.