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07/31/2012
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Drought Blights Romania's Hopes of Good Harvest
Additional unseasonally hot and dry weather may be good for sunbathers by the sea but it is bad news for Romania’s large agricultural sector.
An extended drought this summer has damaged most of...
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07/22/2012
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Romania defies European Commission and weakens court
Romania’s parliament passed a law on Wednesday (18 July) limiting the jurisdiction of its constitutional court in an apparent contradiction to promises made to the European Commission by Romania...
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07/01/2012
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Power Firm's Insolvency Takes Romania by Surprise
A court in Bucharest on Wednesday is to start hearings on the request of energy producer Hidroelectrica to start insolvency procedures.
The request of the national-owned company took a lot of by...
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07/01/2012
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Ford Starts Production of New Car in Romania
The first Ford car ever made in Romania, the B-Max model, was launched on Monday at Craiova, southern Romania, in the presence of the President, Traian Basescu.
The President bought the first vehicle, a red...
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06/12/2012
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Romania Worried EU Payments Could Be Suspended
The European Commission could block payments to Romania from the Human Resources funding line worth 100 million euros this year amid concerns about irregularities, European Affairs Minister Leonard Orban said...
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05/17/2012
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Bosch to Start Major Investment in Romania
German automotive components producer Bosch will invest in a new production facility in Jucu, northwest Romania.
The German company Bosch has confirmed plans to start investing 77 million euro in a new...
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05/17/2012
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Romania's Recession Boosts Grey Economy
Despite legislation adopted last year to repress the phenomenon, about one third of the working population is now invisible to the tax authorities.Over 2.3 million people are working unofficially in Romania, up...
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05/08/2012
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EU Probes Romanian Power Company Tarrifs
The European Commission has opened in-depth investigations to assess whether the national-run hydropower producer Hidroelectrica bought or sold electricity at preferential tariffs to several electricity traders,...
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04/23/2012
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Romania Relaunches Sale of Copper Mine
After talks with the first Canadian buyer broke down unexpectedly, Bucharest said it was relaunching the privatization of the country's biggest copper mine
Romania on Wednesday announced it was re-launching the...
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12/20/2011
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IMF Completes Third Review Under Stand-By Arrangement for Romania
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Romania’s economic performance under a program supported by a 24-...