Latest News from Romania

Cinteza (BNR): Banking system in Romania will end 2014 with over 2 billion lei loss

The banking system in Romania registered a 1.6 billion lei loss after the first nine months of this year and overall in 2014 the loss will easily exceed two billion lei, National Bank of Romania (BNR) Supervision Department Director Nicolae Cinteza said on Saturday in the seminar EU-COFILE, organised by BNR, the Romanian Banking Association (ARB) and Alpha Bank.

Daniel Mitov: Bulgarians Don't Syphon Off UK Benefits

Bulgaria's Foreign Minister Daniel Mitov expressed his concern with David Cameron's proposals aimed at restricting the flow of immigrants of other EU member states to the UK.

Junior Partner Leaves Romania Govt Coalition, PM Vows to Carry On

UDMR ethnic Hungarian party, a junior partner in Romania's government coalition, has decided to leave it following the defeat of Social Democrat Prime Minister Victor Ponta in presidential elections.

Yet, Ponta's centre-left coalition will stay in power as its remaining members - the Social Democrats and two junior partners - together control 332 of the 579 seats in Parliament.

MEPs Question Commission On Violated Rights of Bulgarian Immigrants

Bulgarian MEP Ilhan Kyuchyuk, and fellow members from his parliamentary group ALDE, posed an enquiry to the European Commission on the effective application of the principle of free access to the labour market in the EU.

Head of Lukoil Romania Refinery Charged with Tax Evasion, Money Laundering

Andrey Bogdanov, Petrotel Lukoil's chief executive, has been charged with tax evasion and money laundering worth an estimated EUR 230 M.

Bogdanov, CEO of the Romanian-based refinery, is currently under a recognizance order and cannot leave the country, Russian business website RBC Daily reports.

PM Ponta: If Iohannis guarantees he will appoint a prime minister from current coalition, I could give up my mandate

Prime Minister Victor Ponta on Friday said that he could give up his mandate as chief of Government if the President-elect, Klaus Iohannis, guaranteed that he would appoint a prime minister from among the current ruling coalition made up of the Social Democratic Party (PSD) - the National Union for Romania's Progress (UNPR) - the Conservative Party (PC) - the Liberal Reformist Par

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