03.19.2012

Romania’s Competition Council has closed an investigation into local drug wholesalers without levying any sanctions although the investigation report sets fines up to 4% of turnover for the more

01.30.2012

President Traian Basescu announced last night, before leaving for the European Union summit, whose main agenda is to reach agreement on deficit rules in the European Union, that Bucharest will accept more

01.26.2012

The Bucharest Court of Appeals cancelled a 391,809 lei (EUR90,286) fine applied by the Competition Council in 2010 against private pension fund BCR Pensii for breaching the law regulating the more

01.17.2012

Renewable energy will soon have to stop relying on government support, since companies investing on this segment are “spoiled” with state aid, Tuesday said Valentin Mircea, vice-president of the more

01.11.2012

The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a type of more

01.10.2012

Rompetrol, one of the six oil companies fined by the Romanian Competition Council within a fuel market probe, Tuesday said it will challenge the fine in court, since it considers it illegal and more

01.10.2012

Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (EUR205 more

01.10.2012

Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFAX more

01.05.2012

The Romanian Competition Council will present next week the results of its fuel market investigation, recommending fines that are below the 10% of turnover ceiling, the authority’s president Bogdan more

01.05.2012

The Romanian competition council applied fines worth a total EUR83.5 million in 2011, representing 80% of all fines issued by the institution in its 14 years of activity, Thursday said Bogdan more

12.14.2011

Romania’s highest defense body (CSAT) will meet Thursday to discuss the restructuring of the country’s Interior Ministry, progress in the fight against tax evasion, and a report by Prime Minister more

12.09.2011

The conclusions of the European Council summit note that all the legal procedures needed to adopt a decision regarding Romania and Bulgaria’s accession to the border-free Schengen Area have been more

12.08.2011

Romania’s gas market is not integrated into the EU market because of price disparities, Competition Council president Bogdan Chiritoiu said Thursday. more

12.05.2011

The 2012 budgets of Romania's Justice Ministry, High Council of Magistrates and Supreme Court were approved Monday by the Parliament's committees for legal matters. more

11.28.2011

Bucharest residents who own electric or hybrid cars will pay only 5% of the tax in 2012, compared with the current 50%, as per an amendment to the city's tax bill for next year, adopted Monday by the more

11.28.2011

Romanian Competition Council on Monday said it has approved the merger between Alpha Bank and EFG Eurobank, where the former absorbs the latter, concluding that antitrust regulations are not breached. more

11.28.2011

The Fiscal Council confirms what Ziarul Financiar said when it raised the issue of the increase in spending on special pensions as a result of the pension reform more

11.25.2011

Romania's Fiscal Council suggests the Government should set quarterly EU fund absorption targets for the ministries and other authorities, since absorption is essential in order to offset the crisis' more

11.25.2011

Romania's Fiscal Council has asked the Government to present the National Infrastructure Development Program's potential impact on the deficit as per ESA95. more

11.25.2011

Raising pensions and wages in the Romanian public sector in the second half of 2012 would violate no less than five provisions set through the fiscal responsibility law, including the interdiction to more

11.17.2011

Businesspeople in Romania fail to understand and assume the concept of competition, and arbitrarily deem situations that “don’t suit them” as unfair competition, Competition Council more

11.17.2011

Romanian authorities will complete this winter an ordinance aimed at regulating unfair competition, Bogdan Chiritoiu, president of the Competition Council, said Thursday, adding that duties in this more

11.17.2011

The European Commission supports the conclusions reached by Romanian competition authorities in the fuel market investigation started in 2005, and it recommends the sanctioning of companies involved. more

11.08.2011

Romania’s planned reorganization of the energy sector has gone from one failure to another, even if the authorities have not formally withdrawn any of the projects that were announced and then more

10.21.2011

Malfunctions on the Romanian medicine market block the activity of small distributors and limit sales of cheaper drugs to below 1% of the total value of the market, show the results of an more