June 1, 2009
Financial ratings agency Fitch believes that the Rompetrol group, controlled by Kazakhstan's KazMunaiGaz and run by Dinu Patriciu, is facing high refinancing risk, as the company's available liquidity is insufficient to cover its short-term debt of 706 million dollars (at end of March 2009).
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Sources within the European Commission confirmed for HotNews.ro that the Brussels executive sent a first formal notice to Romanian authorities regarding possible irregularities in the attribution of a contract for the Craiova Energetic...
The central theme of IMF and EC talks in Romania remains EU funds absorption. Recently, IMF chief of mission in Romania, Jeffrey Franks declared that the IMF worries that Romania does not use enough EU funds that are available. Economist...
Romania's tourist brand, with the new slogan Explore the Carpathian garden, that will be launched on Thursday at Shanghai invites foreigners to explore the Carpathian garden in vivid culours of green, blue, yellow and orange that...
French State Secretary for European Affairs, Pierre Lellouche criticizes the Romanian government for the way it acts in the Rroma community problems. In an interview for RFI, he accuses Romanian authorities that they do not fulfill...
Romania's general consolidated budget reached to 18.07 billion lei, representing 3.35% of GDP, below the 18.2 billion lei limit set in the IMF agreement, a press release of the Finance minister reads. According to presented data,...
The Paris Appellate Court disposed the handing over of Simen Herscovici, also known as Shimon Naor to Romanian authorities, a press release reads. Naor, aged 60 has Romanian and Israeli citizenship and was condemned by the Bucharest...
Romanian wants a new IMF credit as the state needs about 13.5 billion euro, one newspaper reads on Wednesday. Elsewhere in the news, the President's Counsellor for National Security, Iulian Fota talks in an interview about Romania's...
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