The real estate sector was considered the most exposed in Romania to money laundering, but there is also a similar risk in the farming sector, said Adrian Cucu, the president of the National Office for Money Laundering Prevention and Control (ONPCSB). “I would like to say a few words about sectors that are considered the most vulnerable to money laundering. The first and most exposed sector is real estate, including constructions, building material trade and real estate developers and agencies, by the excessive use of cash, labor force, black market labor and other forms of credit that avoid the banking system. This sector was considered the most exposed to money laundering because of subsidy policies of which many people try to take advantage,” said Adrian Cucu at a conference devoted to the banking and financial industry, organized by the National Statistic Institute and MediaUno Press Group, at “Bucharest Leaders' Summit: The Way to Success”.
The Bucharest National Airport Company (CNAB) has said an order was issued for the start of the construction works on an additional parking lot at the Henri Coandă International Airport, Bucharest’s main one. The parking lot, covering 20,265 sqm, will be constructed under a contract worth RON 14.89 million (without VAT) by an association between […]
Prime minister and Social Democratic leader Marcel Ciolacu reiterated the ruling coalition's decision to hold the presidential elections on September 15 for the first round and September 29 for the second round. Ciolacu added that the dates will not be changed to suit any party or individual. "We have a coalition decision that the elections […]
Romania’s economy minister, Ștefan-Radu Oprea, recently announced that Borusan Pipe will open a new production facility in the Alinso Industrial Park, located in the commune of Ariceștii Rahtivani, Prahova County, in a few months. The facility will start manufacturing pipes used in automobiles, with clients including Dacia and Ford Otosan, as well as companies from […]
The Republic of Moldova is a Guest of Honour country at this year's Bookfest, the book fair taking place in Bucharest between May 29 and June 2. Close to 40 events are part of the guest country program, from book launches to debates on current topics. Among the Moldovan authors who will be present at the […]
The Romanian medical recovery chain Centrokinetic, backed by the AGISTA growth investment fund, has recently purchased its eighth clinic, namely the Socrates Clinic in Timișoara. The completed transaction will see Centrokinetic acquire nearly 70% of the clinic's shares, with one of its founders, Dr. Armand Gogulescu, retaining a little over 30%. Plans for the immediate […]
Some 10,000 athletes are expected to join the races of this year’s Bucharest Half Marathon, set to take place on May 11 and May 12. The event, at its 13th edition this year, covers the 21k race, the relay race (3 x 6,5km + 7km + 7,6km), and the 10k and 2.5 k races. The 10k […]
