09 September 2010

Romania's economy is expected to shrink two percent in 2010 and will increase between 1.5 and 2 percent in 2011, reads the additional letter of intent to the International Monetary Fund (IMF) approved by the Government. "The economic recovery will be delayed due to persisting low domestic demand, the unfavorable regional context and the recent floods," reads the document.

09 September 2010

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

09 September 2010

Romania's economy is expected to shrink two percent in 2010 and will increase between 1.5 and 2 percent in 2011, reads the additional letter of intent to the International Monetary Fund (IMF) approved by the Government. "The economic recovery will be delayed due to persisting low domestic demand, the unfavorable regional context and the recent floods," reads the document.

09 September 2010

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

Romania Insider Free Newsletters