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Romanian government adopts ordinance expanding taxation despite public outcry Romania's Social Democratic government late on Friday adopted a much criticised emergency ordinance which forces new or increased taxes on banks, energy and telecom companies and changes to private insurances. The ordinance is a slightly watered down version of a draft one which on Wednesday sent shocks through the stock exchange and the business sector. The government went with the initiative anyway, despite criticism of its lack of transparency and abusive actions.
​Romanian first post-communist president Ion Iliescu indicted for crimes against humanity in 1989 Revolution case The man who took the reins of power in the wake of the anti-communist Revolution in Romania, Ion Iliescu, and three other high profile leaders of the December 1989 events have been indicted for crimes against humanity, the Prosecutor General's office announced on Friday.
Romania's government party in counter-attacks as motion censure fails Romania's Social Democratic Party (PSD)-led government survived a motion censure submitted by the opposition on Thursday, going on counter-attack with new threats and blaming others for political failures. The government was forced, however, to postpone until Friday a decision on a draft emergency ordinance on fiscal changes, which has sparked an outcry on the stock exchange and among businesses since Tuesday. The fate of another critical ordinance was still to be cleared by late afternoon.
​Romania government's draft taxes prompt major losses of over EUR3 billion on Bucharest Stock Exchange Some EUR 3.1 billion were erased on the Bucharest Stock Exchange (BVB) on Wednesday, a day after the Romanian government announced a draft ordinance bringing major changes to taxation and other corporate regulations, less than two weeks before the new year. Energy and banking institutions were most affected by the BVB blow in the wake of the government announcement, which mainly affects banking, energy, telecom and insurance companies.
Romanian government throws market into chaos with draft changes to tax and corporate rules ​Romanian authorities sparked market outcry on Wednesday by announcing on Tuesday evening a series of massive changes to Romanian tax and other corporate rules, changes due to be applied, theoretically, in less than two weeks. The Bucharest Stock Exchange opened with strong losses today and pension funds, investors and other private sector bodies reacted harshly to measures which include a Greed Tax (yes, that is its name), changes to private pensions and state intervention on electricity and gas prices.UPDATE 1 President Klaus Iohannis urged the government on Wednesday to drop plans for the new taxes, saying they were "throwing Romania into chaos". He said PSD was to blame of "greed"UPDATE 2 Also on Wednesday, the American Chamber of Commerce in Romania (AmCham Romania) called for an urgent withdrawal of the emergency ordinance, calling its provisions as lacking responsibility and causing generalised chaos in the economy.
Romania governing party leader Liviu Dragnea draws reactions with radical speech attacking Justice rule, the West, major companies and president Iohannis Liviu Dragnea, the speaker of Romania's House of Deputies and leader of Romania's governing Social Democrats (PSD), used a speech on Sunday evening to strengthen his image of a strongman, with nationalistic attacks against the West, Western companies, the rule of law and president Klaus Iohannis, his political archrival. His statements drew a wave of reactions on Monday, as public bodies and various organisations took a stand against his statements.
Romanian Govt announces emergency ordinance on penal codes Romania's PM Viorica Dancila on Monday announced that the leadership of the governing Social Democratic Party (PSD) has decided the adoption of an emergency ordinance on the penal code and penal procedure codes of the country. She said that there was a vote on the opportunity of such an ordinance, but not when it would be adopted.
VIDEO Throngs attended blessing of Romania's new, grandiose Orthodox cathedral amid controversies Throngs of Romanians attended the blessing of a gigantic new Orthodox cathedral on Sunday, in the immediate vicinity of the immense Communist-era House of the People. The event and its circumstances painted a vivid tableau of the country which is due to celebrate the anniversary of 100 years of statehood on December 1.
​DIGEST ​Romania govt party leader Dragnea strengthens reign with reshuffle and Bucharest blow, as new revelations about him emerge The leader of Romania's governing coalition Liviu Dragnea on Monday strengthened his rule over his party by removing influential critics from key positions. He and his prime minister Viorica Dancila announced several major changes to the governmental team, while the Bucharest mayor, a prominent member of Dragnea's Social Democrats (PSD) and an opponent of the party strongman, was left without political functions.
​Top governing party politician shows middle fingers to Romania opposition in rebuke to European Commission criticism An influential deputy of Romania's governing Social Democratic Party (PSD), Florin Iordache, used both his middle fingers towards the Opposition in Parliament on Wednesday, shortly after he rebuked European Commission calls for Romanian authorities to step back in their efforts to curb Judicial reform.
Romanian PM Dancila says EP resolution, EC report on Romania are "deeply unjust" and "eminently political" Romanian prime minister Viorica Dancila, seen as a puppet acting on behalf of Social Democratic Party (PSD) leader Liviu Dragnea, called two key positions of the European Parliament and the European Commission on Romania on Tuesday as "deeply unjust" and "eminently political".
​Bucharest reacts to Finnish government offer to take over EU Council presidency. Romanian ministry says country ready for job Romania's Foreign Ministry on Tuesday said that the country was ready to take over its term at the presidency of the EU Council starting January 1 and that preparations were under way according to schedule. The statement came after the Finnish Government said it was available to take over the leadership of the Council earlier, if requested by authorities in Bucharest. Helsinki took the stand after Romania's President questioned the readiness of the government to deal with the responsibilities of the EU Council presidency.
European bodies slam Romania government over state of law, Romanian officials react The European Commission on Tuesday issued a blasting report the evolution of Justice reform in Romania - the so-called Cooperation and Verification Mechanism (CVM) - while the European Parliament adopted a resolution on the state of law in the country, seriously critical of events in the past year. Meanwhile, in Bucharest, the leader of the governing PSD party tried today to dillute the importance of the EU bodies' interventions.
As key minister steps back, Romania President Iohannis calls incumbent government "an accident of democracy", says country not ready to take over EU Council presidency Romanian President Klaus Iohannis on Monday launched one of his harshest attacks on the Social Democratic (PSD)-led government, saying "things have gone insane" and "the political necessity is a replacement of this accident of the Romanian democracy, which is the Dragnea-Dancila government". He made the comments as the minister-delegate for EU issues, Victor Negrescu, appeared to have resigned last weekend, less than two months before Romania takes over the EU Council presidency.
​Romanian investigative media organisation says authority demands it to reveal source in major report, threatening EUR 20m fine Romanian investigative media organisation RISE Project on Thursday said an authority of the state has asked it to reveal a source in a major report published earlier this week. The request of the government-controlled data protection agency used GDPR rules to support its request after an investigation related to a business linked to the head of the PSD governing party, Liviu Dragnea.
Romanian Senate Speaker Tariceanu faces graft accusations in case related to his PM term ​Romanian anti-graft prosecutors are accusing Senate speaker Calin Popescu Tariceanu of having received "material benefits" amounting to some USD 800,000 when he served as prime minister a decade ago. According to HotNews.ro sources, the charges are related to Austrian company Fujitsu Siemens Computers GmbH, which was a distributor of Microsoft licenses at the time.
Romania governing party leader Dragnea stands against rising pressure with party expulsions, mockery of investigative report Liviu Dragnea, the embattled but strong armed leader of Romania's governing Social Democrats (PSD), on Monday was standing up against increasing pressure in the form of inner party opposition and of an investigative report blasting a major business he had been linked to.
UPDATE Romania Justice minister Tudorel Toader calls for dismissal of prosecutor general Augustin Lazar / PG hits back at attempts to "destabilize the Public Ministry"
Romania's Justice minister Tudorel Toader on Wednesday announced he launches the procedure to dismiss prosecutor general Augustin Lazar. The announcement comes after months of disputes between the two, which gained momentum after the dismissal of the chief prosecutor of the National Anti-Corruption Directorate (DNA), Laura Codruta Kovesi, earlier this year.UPDATE Reacting to the minister's announcement, Prosecutor General Lazar said on Wednesday evening that this was how the government answers to Venice Commission worries that the independence of Romanian prosecutors can be affected by procedures to dismiss them.
Russian Ambassador to Bucharest says Romania has become provider of destabilisation due to Deveselu base, political relations are modest but Russia is not to blame Russia's Ambassador to Bucharest Valery Kuzmin says in an interview that bilateral relations "could be a lot better" and his country was trying to move them forward. But he said in the interview given to Vestidinrusia.ro, an obscure website supporting Russian propaganda, that Romania has become a "provider of instabilitry and destabilisation in the region, because of the rockets in Deveselu" - the American-supported missile defense base in Southern Romania.
​New emergency ordinance raises serious issues in activity of anti-graft prosecutors An emergency ordinance related to changes to the Romanian justice system, which was adopted without prior analysis by the Romanian government on Monday, was published on Tuesday. Its publication revealed a series of serious issues that the prosecutor general and other magistrates say would affect the activity of anti-graft prosecutors. A key corruption case which may be affected by the newest measures would be the so-called Tel Drum case, which has been linked to the leader of the governing Social Democratic Party (PSD), Liviu Dragnea.

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