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Romanian Finance Minister Warns Romania Might Give Back EU Funds

EU could ask Romania to reimburse the funds it had accessed, following an European Comission audit, the finance minister Sebastian Vladescu said. He blamed that on the lack of honesty of people accessing the funds.He...

Inflation Was A Good Economics Teacher To Romanians; Unfortunately – The Only One

Since the economic crisis struck Romania in the fall of 2008 one witnesses the recurrent critical points. From one month to the next, one sees old wounds being sealed up while new ones open. So the crisis goes on, while...
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Romanian Film Takes Silver Bear In Berlin Festival

Florin Serban's "When I want to wistle, I wistle" won the Silver Bear Award at the Berlin Film Festival on Saturday.The director also received the Alfred Bauer Award for bringing new perspectives into cinematography....

2,000 Companies Filed For Bankruptcy Last Month

The financial gridlock is going epic, in Romania's economy. The number of companies filing for bankruptcy last month reached 2,000, or 10% more than a month before. Most companies, or 40% of them, were operating in the...

Institutions Remain Dumping Grounds for Forgotten People

Reform is coming too slowly to institutions for adults with intellectual and mental health disabilities in Bulgaria, Romania and Serbia, where chronic neglect, filthy conditions, and the use of physical restraints and...

Families Pay the Price as Women Go West

Changing labour patterns in Western Europe are creating new opportunities for Balkan women who are ready to work abroad. A dream for some, it's a nightmare for some of their families. • By Maja Hrgovic in Zagreb,...

Fields of Terror – the New Slave Trade in the Heart of Europe

Poor people are being lured from Eastern Europe to the Czech Republic for forced labour. Some of the worst gangsters are now on trial but there is no sign of this evil trade coming to an end.By Adrian Mogoş, Petru Zolta...

2010 Public Servants Salaries Drop With Lunch, Vacation Tickets Value

The Executive decided to cut costs with bureaucracy next year and, on top of the 130,000 lay-offs planned it will take off the table the incentives like lunch tickets, bonus tickets and vacation tickets it provided so...

Average Bank Deposit Lowest In Romania

The average bank deposit for the average Romanian holds 1,034 Euro, according to the A.T. Kearney consultancy. This is less than the savings made by the average Bulgarian - 1,549 Euro, Hungarian - 2,764 Euro, Polish -...

2010 Will Be Tougher On Investors

Investors had it easy in 2009: they simply placed their money in grossly undervalued securities and waited for the price to go up again. To be successful in 2010, however, investors would have to be more creative than...

Twelve Times More Companies Suspended In 2009 Than In 2008

Twelve times more companies suspended their activity in 2009, compared to the year before. In absolute figures, that makes 127,000 companies, according to data from the National Office for the Trade Registry (ONRC). At...

Serbia wants to give us Russian gas from the South Stream

Serbia sees our country as a potential customer for the natural gas to be brought into its territory by the South Stream pipeline. Dusan Bajatovic, director of the state company Srbijagas, said the pipeline that will...

Forged Identity – highway to EU

Fake identity cards can easily be obtained in Romania and Bulgaria, and many illegal migrants use them to reach Western Europe. By Adrian Mogos in Bucharest, Dobrych, Byala, Timisoara, Aachen and Berlin June...
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