Former President Traian Basescu has gone to the Bucharest District 5 Courthouse in a case where the General Prosecution Service is asking for the reopening of Basescu's criminal investigation over one of his statements in 2007 when he was suspended from office. The General Prosecution Service has opened a criminal file on Basescu based on a complaint against Basescu filed by Ioan Serb. Initially, the request was filed with the Supreme Court of Justice and Cassation, which declined jurisdiction in favour of Bucharest District 5 Courthouse. "Somebody asked that I be prosecuted for false statements, for having said in 2007 that I will resign office in five minutes and did not follow through. And now, the General Prosecution Service, is asking for the case to be reopened," Basescu said early this October. On April 17, 2007, Basescu said that if Parliament votes for his suspension from office he will resign in five minutes."If, despite the opinion of the Constitutional Court, Parliament votes for my suspension, five minutes, at the longest, after the vote I will resign and summon before the voters the generators of this constitutional abuse," Basescu told a news conference at the time. Later on, Basescu retracted his resignation decision. The General Prosecution Service has opened various criminal files on Basescu following complaints filed against him by various persons.
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]
Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
