BUCHAREST (Reuters) – One of Romania’s ruling parties has vowed to block proposals that would increase the immunity of members of parliament from corruption charges, as the European Union presses Bucharest to rein in graft and organized crime.
Brussels has had Romania’s justice system under special monitoring since it joined the EU in 2007. The country has taken some steps against corruption, including jailing former prime minister Adrian Nastase, but critics say the new proposals risk undermining the effort and scaring off investment.
BUCHAREST (Reuters) – A Romanian court sentenced the ringleader of a gang that stole paintings from a Dutch museum in one of the world’s biggest art heists to six years and eight months in prison on Tuesday.
Radu Dogaru and fellow gang member Eugen Darie, both Romanians, received the same sentence for stealing the masterpieces, including two Monets and a Picasso, in October 2012. The paintings have yet to be found.
BUCHAREST, Nov 12 (Reuters) – Shares in Romanian natural gas
producer Romgaz opened at 35.85 lei in their debut on
the Bucharest Stock Exchange on Tuesday, almost 20 percent up
from the price of an initial public offering agreed with
The sale of a 15-percent stake in Romgaz is the biggest
flotation attempted by the government and part of wider
privatisation plans agreed between Romania and the International
Monetary Fund under a two-year aid package for the European
Union’s second poorest country.
BUCHAREST, Nov 11 (Reuters) – A special Romanian
parliamentary commission overwhelmingly rejected a draft bill
that would allow Canada’s Gabriel Resources to set up
Europe’s biggest open-cast gold mine in the Carpathian
Gabriel has been waiting 14 years for approval to use
cyanide to mine about 314 tonnes of gold and 1,500 tonnes of
silver in the town of Rosia Montana in Transylvania. The state
also holds a minority stake in the mine.
BUCHAREST, Oct 11 (Reuters) – Romania plans to offer 15
percent of its biggest natural gas producer for sale in a stock
market debut this year, part of privatisation plans agreed with
international lenders and which officials have said could raise
as much as 600 million euros.
Investors have criticised Bucharest for being slow to reform
an inefficient state sector, which is seen as holding back one
of Europe’s poorest economies and deterring foreign investment.
BUCHAREST (Reuters) – Romania would send a catastrophic message that it is not open for investment if it rejects a gold mining plan by Canada’s Gabriel Resources (GBU.TO: Quote, Profile, Research, Stock Buzz), Romanian Prime Minister Victor Ponta said on Wednesday.
Romania’s parliament is debating a law permitting the Rosia Montana project, which would be Europe’s biggest open-cast gold mine. It would provide much-needed investment but has triggered street protests by people who say it will hurt the environment.
BUCHAREST (Reuters) – Romania’s top oil and gas company Petrom ROSNP.BX plans to earmark about 1 billion euros ($1.35 billion) for investment next year and could move into shale gas exploration if feasible, Chief Executive Mariana Gheorghe said on Monday.
Petrom is regarded as an indicator of the Balkan country’s financial health and a robust investment program suggests the European Union’s second poorest member is on track to achieve economic growth of more than 2 percent this year and next.
BUCHAREST, Sept 17 (Reuters) – Romania’s parliament voted
overwhelmingly on Tuesday to create a special commission to
assess plans by a Canadian company to set up Europe’s biggest
open-cast gold mine in the Carpathian Mountains.
The commission, made up of 21 deputies and senators, has
until Oct. 20 to issue a report on a government-backed bill to
give Canadian miner Gabriel Resources a green light to
develop the Rosia Montana site. The report will be submitted to
parliament for a vote, expected in early November, legislators
BUCHAREST (Reuters) – A campaign to cull tens of thousands of stray dogs from Bucharest’s streets after a 4-year-old boy was mauled to death has been held up by an appeal to Romania’s highest court.
The boy’s death two weeks ago triggered street protests demanding action against the capital’s more than 60,000 strays, who bite dozens of people every day and are a deterrent for foreign tourists.
BUCHAREST (Reuters) – Romanian gold miners who staged a five-day protest underground against plans to halt development of the site ended their sit-in on Sunday after the prime minister went into the pit to meet them.
“I promised them a parliamentary commission to assess the proposed mine (before a vote in parliament),” said Prime Minister Victor Ponta, who wore a white miner’s cap and green overalls and was surrounded by cheering miners.