Articolele autorului Radu Bostan
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Romanian Govt To Cover 40-50% Of Salary Costs For Companies That Create 200 High-Skill Jobs
Romania's Government will cover 40%-50% of the salary expenses of companies that create at least 200 high-skilled jobs, for two years, under a state aid scheme approved Tuesday. citeşte tot
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Romanian Transport Ministry Companies Spent Millions Of Euro Illegally, Audit Finds
Companiile din subordinea Ministerului Transporturilor şi Infrastructurii (MTI) au cheltuit sute de milioane de euro fără respectarea legislaţiei sau nejustificat, potrivit unui raport de audit care a vizat perioada 2009 - aprilie 2012. citeşte tot
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Romanian Economy Ministry Cancels Flawed Tenders Worth RON70M
Romania's Economy Ministry has cancelled four tenders held last year, with a total value of 70 million lei (EUR15.2 million) for mine closure works, arguing that the contracts were awarded "preferentially." citeşte tot
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Romania Loses EUR3M As Riverboats Get Stuck On Danube Because Of Drought
The recent drought has made the Danube's level in Romania drop below two meters, leaving riverboats unable to reach the Delta and costing the country more than EUR3 million in tourism revenue, unless authorities dredge the river, tour operators say. citeşte tot
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Romanian Hidroelectrica Cancels Deals With Energy Traders
Romanian Prime Minister Victor Ponta said Wednesday that state-owned power producer Hidroelectrica has cancelled all bilateral deals, but people close to the matter told MEDIAFAX that the company has cancelled only its contracts with energy traders and the rest are still in force. citeşte tot
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Romanian Hidroelectrica Cancels Contract With Energy Holding After Losses Of RON1.4B
Euro Insol, the administrator of Romanian insolvent power producer Hidroelectrica, announced Tuesday that the company has terminated a deal with Energy Holding, responsible for losses of 1.4 billion lei (EUR300 million) since 2006. citeşte tot
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Romanian Democrat Liberals Challenge Extended Referendum Schedule In Constitutional Court
Romania's Democratic Liberal Party (PDL) on Thursday filed three challenges with the Constitutional Court against amendments to the ordinances on the referendum and on the duties of the Court, and against a law whereby a referendum's voting schedule is set through a government decision. citeşte tot
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Posta Romana Seeks RON100M Loan For Working Capital
Romania's national postal company Posta Romana will hold a tender in September for a loan of 100 million lei (EUR22 million) for 12 months, to finance its working capital. citeşte tot
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Romanian Govt Gives Mayors Back RON107M From Funds Taken Away In May
Romania's Government Wednesday decided to give local authorities back 107.5 million lei (EUR23.5 million) of the funds provided by the previous Ungureanu Cabinet for current expenses and withdrawn by the incumbent Government in May. citeşte tot
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Self-Employed Person To Monitor Budgets Of Companies Owned By Romanian Comm Ministry
A self-employed person, Gheorghe Mitroi, will evaluate the performance indicators set down in the budgets of Romtelecom, Posta Romana and Radiocom, companies where Romania's Communications Ministry holds stock, a service for which he will be paid 24,000 lei (EUR5266) until the end of the year. citeşte tot
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Romania's Basic Healthcare Package Won't Cover Minor Illnesses
The basic package under Romania's new healthcare law will no longer cover minor illnesses, but mainly major risks and serious disease, and the system will receive extra funding from mandatory car insurance. citeşte tot
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EU Prepares To Stop Payment For Romanian Arad-Nadlac Highway Over Suspicions Of Fraud
The European Commission is preparing a letter to stop one payment for the construction of Romania's Arad-Nadlac highway, after finding irregularities and suspicions of fraud. citeşte tot
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Romania To Seek Higher Threshold For Public Procurement Contracts
Romania's Procurement Authority (ANRMAP) will ask the Government to raise the minimum project value at which holding public procurement procedures become mandatory, currently EUR15,000, authority president Lucian Dan Vladescu said Tuesday in the conference Mediafax Talks about European Funds. citeşte tot
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EXCLUSIVE: Romanian Public Institutions Spent Over RON150M On Legal Services In 2009-2012
Romanian public institutions and state-owned companies spent over 150 million lei (EUR33 million) on legal services between 2009 and May 31, 2012, during the democrat liberal administration, a report by the prime minister's inquiry body reveals. citeşte tot
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Romanian President Suspended By Parliament, Referendum on July 29
Romanian President Traian Basescu has been suspended by Parliament with 258 votes in favor, more than the necessary 217 votes. A referendum on whether or not to impeach Basescu will be held on July 29. citeşte tot
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Romanian Businesspeople Expect The Leu's Depreciation To Bring Higher Prices, Lower Consumption
The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in layoffs in the private sector. citeşte tot
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Romanian SNLO Made Unlawful Payments, Causing Losses To State Budget In 2009-2011
The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and sponsoring football teams, an audit by the Court of Accounts revealed. citeşte tot
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American General Wesley Clark To Advise Romanian PM On Security Matters
Romanian Prime Minister Victor Ponta on Thursday introduced Wesley Clark, retired general of the United States Army, as his new advisor on strategic, security and economic matters. citeşte tot
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Romanian Govt Changes Referendum Law To Impeach President With Majority Of Votes Cast
Romania's Government has issued an emergency ordinance amending the referendum law to provide that the President may be impeached with the votes of the majority of participants in the ballot, people close to the matter told MEDIAFAX. citeşte tot
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Renault, Dacia Car Registrations In Germany Down 4.4% In 1H
Registrations of Renault and Dacia automobiles in Germany dropped 4.4% in the first six months of the year, to 77,517 units, making up 4.7% of the market which grew by 0.7% to 1.634 million units, according to German registration office KBA. citeşte tot
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Moody's Downgrades Romanian Transelectrica To Non-Investment Grade
Moody's Investor Service has downgraded the long-term corporate family rating of Romanian power transmission company Transelectrica from Baa3 to Ba1, the first non-investment grade, and assigned a Ba1 probability of default rating. citeşte tot
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Romania Awards RON150M Contract For Road Modernization In Gorj County
Romania's public roads authority CNADNR has awarded a contract worth 149.7 million lei (EUR33 million), for the rehabilitation of a 33 km segment of national road DN66, between Bumbesti-Jiu and Petrosani, to a consortium made up of a Spanish, an Italian and a Romanian company. citeşte tot
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Romanian Parliament Dismisses Ombudsman Gheorghe Iancu
Gheorghe Iancu was dismissed Tuesday as Romanian Ombudsman by the Parliament, which also decided that Valer Dorneanu will take over the position in an acting capacity. citeşte tot
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Romania's New Healthcare Bill: In Vitro Fertilization, Plastic Surgery After 18 Not Subsidized
In vitro fertilization, plastic surgery after the age of 18, medical assistance at the workplace and certain recuperation and physiotherapy procedures will not be paid for from the national mandatory health insurance fund, under Romania's new healthcare bill. citeşte tot
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Romania Stops Sending EU Refund Requests For Four Programs
Romania will stop sending the European Commission refund requests for four operational programs, from July 1 until a date that will be decided later, during which time the Commission will determine whether the authorities have observed the commitments made last year. citeşte tot
