Evaluating the impact on Romania of measures adopted by EU leaders on Wednesday night ​A calmer period for financial markets and an assurance that foreign banks will not withdraw capital from subsidiaries on the outskirts of the euro empire are the two key advantages Romania has following the deal of EU leaders on the set of crisis measures. But major question marks persist among authorities and business people in Bucharest. What do the measures decided forcedly in Brussels on Wednesday mean in real terms and what are the key issues of uncertainty following the euphoria of the moment?
Romanian president Basescu on European Council decision on bank recapitalization: Guarantee that subsidiaries of banking groups maintain capital level Romanian President informed the Romanian public in a press conference on Wednesday night that European leaders who had convened for marathon talks adopted the declaration on bank recapitalization. He used the occasion to underline that all states received guarantees that subsidiaries belonging to banks from other countries will have their capital level maintained for the coming years.
IMF mission head Jeffrey Franks on possible cut in Romania social contributions: There will be very limited room in the 2012 budget for new initiatives IMF mission head Jeffrey Franks has told that Romanian "growth in 2012 will be lower than we had previously expected due to the effects of problems in the rest of the European Union." On a possible cut in social contributions, a measure that the Romanian business environment has been pressing for, Franks said "there will be very limited room in the 2012 budget for new initiatives". He also sanctioned the Romanian government progress when it comes to arrears and the reform of state companies.
Question marks about peculiar details in US basketball player Chauncey Hardy's death. Underworld clan's links with Romanian officials Several days after the violent incident in which US basketball player Hardy Chauncey died in the Romanian city of Giurgiu, details about the case are yet to be cleared. Official reports of the police and prosecutors say he was beaten by a single person, but reports by local officials and journalists speak of several aggressors. Links of Romanian politicians and public authorities to a Giurgiu underworld clan which is apparently involved in the case have also emerged.
US basketball player Chauncey Hardy killed because he put his cap on girl's head. Inquiries ongoing ​American basketball player Chauncey Hardy was beaten to death in Romanian city of Giurgiu on Saturday because he put his cap on a girl's head in a club that night, prosecutors investigating the case said on Monday. The victim - Hardy - was thrown to the floor and hit his head some 40 cm away from the place he was hit, according to the file. The case caused two investigations and an uproar among the public at large, considering the involvement of local mob personalities in Giurgiu.
US Ambassador to Bucharest announces possible new agreement on F-16 fighter planes acquisition: a Romania-Croatia-Bulgaria joint plan for new planes US Ambassador to Bucharest, Mark Gitenstein, said on Thursday that Romanian President Traian Basescu discussed the possibility of Romania acquiring F-16 fighter planes during his visit to Washington earlier this week. The main contact on the issue was the one with Secretary of Defense Leon Panetta and the major news is that there was a working plan in this regard involving Croatia and Bulgaria.
Romania President's visit to Washington leads to key missile shield accord, strategic partnership declaration. Basescu: Romania's security will reach its highest level ever A deal with Washington for the deployment of the US missile shield in Romania, once applied, will improve Romania's security to the highest level in the history of the country, President Traian Basescu said upon his return from the United States on Wednesday. During his trip to Washington, which resulted in the adoption of a joint statement on a Strategic Partnership for the 21 Century and the signing of the accord on the missile shield deployment in Romania, he held talks with President Barack Obama, who intervened during Basescu's scheduled meeting with Vice-President Joe Biden.
UPDATE Romanian President Traian Basescu met Barack Obama in Oval Office on Tuesday Romanian President Traian Basescu met US President Barack Obama in the Oval Office on Tuesday, according to Romanian TV news reports. Realitatea TV broadcast images of the to heads of state in the late afternoon. Traian Basescu left for a visit to the US on Tuesday morning, but the Romanian presidential administration had not mentioned anything about a possible meeting with Obama. It only announced the visit is aimed at signing bilateral accords.UPDATE The meeting between Traian Basescu and Barack Obama lasted about 25 minutes, as a B1 TV news channel correspondent to the US reported.
Romanian President visits Washington, agenda still not clear ​Romanian President Traian Basescu left for a working visit to Washington on Tuesday morning. The agenda includes the signing of bilateral accords and the head of state is accompanied by the Chief of the  General Staff, the ministers of Defense and Foreign Affairs, by the heads of the intelligence services and by the US Ambassador to Bucharest, according to Romanian news agency Mediafax.
​EXCLUSIVE The five "principles of implementation" put forth by Chinese prime-minister Wen Jiabao as necessary in order to start investment in Romania Chinese premier Wen Jiabao spoke with Prime Minister Emil Boc about Chinese investment in major projects in Romania. Foreign minister Baconschi, one of the participants in the discussions held on Monday in Beijing, told that the Chinese prime minister spoke about five "principles of implementation" that are necessary for the Chinese side in order to start their investments in Romania.
Sources: Romania governing coalition decides increase of budget sector salaries starting October 1. PM Emil Boc denies talks on the issue The Romanian governing coalition decided on Monday to increase the salaries of budget-sector employees starting with the fourth quarter of 2011, according to sources quoted by TV news channels. The level of increase will be set according with budget incomes. But later on Monday PM Emil Boc denied that the increase starting October 1 was discussed within the coalition.
​VIDEO INTERVIEW Pascal Bruckner on the Norway tragedy, multiculturalism and the future of Europe ​What does one of the most important contemporary writers and philosophers say about the tragedy in Oslo and the emergence of the Breivik case? What impact does he think the Norway killings have on the well-intended critics of multiculturalism? And how can Europe, struggling with economic troubles and the emergence of nationalist ideas, move forward? What is the fate of capitalism and what is freedom in the era of the Internet? Pascal Bruckner has answered the questions of in a video interview.
Romanian fiscal authority inspectors notify anti-graft prosecutors about opposition leader Victor Ponta and Senator Dan Sova Romania's National Agency for Fiscal Administration (ANAF) has decided to notify the National Anti-corruption Department (DNA) about Victor Ponta, president of opposition Social Democratic Party (PSD) and Social-Democratic Senator Dan Sova. The move is based on suspicion of receiving illegal sponsorship money through contracts with energy plants in Rovinari and Turceni, according to Romanian TV news stations.
Argentina drops friendly match in Bucharest, Romania says would turn to FIFA in the case Romanian plans to open for public its newly rebuilt National Arena stadium with a friendly match against a major team were dealt a heavy blow as the Argentinian Football Federation announced the match against Romania, due to take place on August 10, was cancelled. The Argentinian federation announced on its website the national selection committee decided to put an end to the contract with Sergio Batista and cancel the friendly match with Romania. Romanian football officials said on Tuesday they would turn to FIFA in the case and claim substantial damages in the case.
Romanian MEP Adrian Severin under criminal inquiry for bribe taking and traffic of influence Romanian member of the European Parliament Adrian Severin, whose immunity has been lifted by the EP on June 23, is subject of a criminal inquiry under suspicion of bribe taking and traffic of influence by Romanian anti-graft department (DNA) prosecutors, according to a DNA press release. Severin showed up at the DNA on Friday morning, telling news agency Mediafax it was a "preliminary talk" with prosecutors" and he would not elaborate during the procedure.
How warheads get stolen in Romania: train machinist allegedly smuggles diesel, gendarmes reportedly watch TV while on duty A train machinist reportedly stopping the train to smuggle diesel and gendarmes allegedly watching TV while on duty allowed dozens of warheads to be stolen from a train in Romania this weekend, according to media reports on Monday. News emerged on Sunday that four boxes carrying 16 warheads each were stolen from a train carrying military equipment from Romania to Bulgaria the day before, an incident currently investigated by military prosecutors.
France Ambassador to Romania faints during 14th of July ceremony, PM Emil Boc catches him France Ambassador to Bucharest Henri Paul fainted as he was preparing to hold a speech during a 14th of July ceremony at the French Embassy in the Romanian capital city on Thursday, according to reports on TV news channels. Romanian PM Emil Boc caught Henri Paul as he was falling. The Ambassador recovered quickly after the incident.
More than 100 raids in several Romanian cities targeting $20 mln. computer fraud Romanian prosecutors and police were involved in 117 raids in Bucharest and several other Romanian cities on Thursday targeting three groups involved in cases of fraud on e-commerce websites. According to a press release, some 1,000 people were the victims of the groups while the total prejudice amounted to some 20 million US dollars. Romanian investigators worked with US Secret Service and FBI officers of the US Embassy to Bucharest for the operation, according to the press release.
Romanian PM Emil Boc says Environment minister will stay despite inquiry Prime minister Emil Boc said on Thursday that Environment minister Laszlo Borbely stays as a member of the Romanian Government as no official inquiry has been launched against him, news agency Agerpres reports. His statement comes as suspicions of Borbely's involvement in a traffic of influence case emerged earlier this week.​
Public TV station: Romania Environment minister Laszlo Borbely suspected of traffic of influence Romanian anti-graft prosecutors will call for approval to investigate Environment minister Laszlo Borbely under suspicion of traffic of influence, Romanian public TV TVR reported on Tuesday. In an answer to a TVR request, the National Anti-corruption Department (DNA) says that DNA prosecutors in Oradea, Western Romania ordered a criminal inquiry on July 5 against two people including a personal aide tro the minister, Szepessy Szabolcs.


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