08.07.2012

Romania's Competition Council Tuesday said it is looking into the takeover deal of Petrom LPG, a subsidiary of Romania’s largest oil company OMV Petrom (SNP.RO), by Crimbo Gas International. more

07.18.2012

Romania's competition watchdog in June authorized the takeover of Aviva Asigurari de Viata and Aviva Pensii ABC Asigurari by Alico Asigurari Romania, controlled by American group MetLife. more

07.18.2012

Romania’s Competition Council said Wednesday it has authorized the takeover of three independent gas stations located in Arad and Sibiu by firm Nis Petrol, member of Russian group Gazprom. more

06.27.2012

Romania’s Constitutional Court on Wednesday decided, with majority of votes, that Romania’s president attends European Council meetings, as head of state. more

06.25.2012

Romanian President Traian Basescu has notified the Constitutional Court of a constitutional conflict regarding Romania’s representation at the European Council summit to take place on June 28 and more

06.12.2012

Romania's Parliament on Tuesday adopted a declaration by ruling alliance USL, which says the Prime Minister will represent Romania in the European Council on June 28. more

06.05.2012

Romania’s Competition Council will not extend restrictions regarding drugstore network expansion, which expire at the end of the year, antitrust watchdog president Bogdan Chititoiu said Tuesday. more

06.05.2012

The World Bank will provide consultancy services to Romania’s Competition Council within a contract of 19.84 million lei (nearly EUR4.44 million), which will allow the antitrust body to optimize its more

05.25.2012

Romania’s Competition Council plans to make public in June a preliminary report on its inquiry into the local electricity market launched two years ago, antitrust watchdog president Bogdan Chiritoiu more

05.25.2012

Romanian Competition Council’s probe into preferential tariffs at state-run hydropower generator Hidrolectrica will be completed by the end of the year at the earliest, Council president Bogdan more

05.25.2012

Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several companies more

05.24.2012

Romanian Prime Minister Victor Ponta on Thursday has informed the Senate and the Chamber of Deputies in an open letter that he wants to present in Parliament a declaration regarding issues on the more

05.21.2012

Romanian Prime Minister Victor Ponta said Monday he will ask the Parliament to decide who should represent Romania at the European Council summit on June 28. more

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