Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania anti-sleaze drive reaches elite

Romania anti-sleaze drive reaches elite

February 20, 2015

BBC News


The long faces emerging from the building resemble a soap opera procession of the once high and mighty.

Former government ministers, media moguls, judges, prosecutors, and even former President Traian Basescu's favourite, Elena Udrea - dubbed "the president's blonde" - are all under investigation.

Ms Udrea, a former minister of tourism and former presidential candidate, was arrested last week. She is currently an MP.

The DNA's latest targets include Social Democrat Prime Minister Victor Ponta's mother, sister and his brother-in-law Iulian Hertanu.

Eight years after joining the EU, and 13 years after the DNA was set up, Romania seems to be finally getting serious with organised crime - and winning praise from the European Commission.

EU pressure

"Romania is on the right course and needs to stick to it," said Commission First Vice-President Frans Timmermans last month, commenting on the latest EU report on Romania's battle with corruption.

"Tackling corruption remains the biggest challenge and the biggest priority."

The EU's Co-operation and Verification Mechanism was set up in 2007 to monitor judicial reform and the fight against corruption in Romania and Bulgaria. Positive reports are crucial for Romania to be allowed into the EU's open-border regime, the nations in the Schengen group.

Last year alone, 1,138 leading public figures, including top politicians, businessmen, judges and prosecutors, were convicted by the DNA, whose crackdown is being led by chief prosecutor Laura Kovesi - a rate of more than four a day (excluding holidays). So what has changed in Romania?

"In just three years, both big parties - the Orange [Democratic Liberals] and the Reds [Social Democrats] - have been defeated in elections," says analyst Alina Mungiu-Pippidi. She is president of the Romanian Academic Society, an independent policy institute.

The result is that what she calls the "trans-party mafia" that used to run the country, hand out procurement deals involving huge sums of EU money, dodge tax and buy off prosecutors and judges is in disarray.


Prosecutors at Romania's DNA are going after some big fish now

Under surveillance

Equally important, she says, is the character of Klaus Iohannis, elected Romanian president last November. As a political outsider, he is not a signatory of the secret deals between the main parties that have plagued Romanian politics for 25 years.

A typical DNA conviction was that of Monica Ridzi, 37, the former sports and youth minister. She was sentenced to five years in prison for abuse of her position, by spending $800,000 (£518,000) of state funds on youth concerts at inflated prices, using her favourite companies. The proceeds were allegedly divided between herself and her party.

The DNA relies on the secret services for wiretaps of senior figures. "Until now, the services were rather selective about who they investigated. But no longer," says Ms Mungiu-Pippidi.

The text of this article has been partially taken from the publication:
Read in full - click here
Lending fintech OMRO lists corporate bonds on Bucharest Stock Exchange

OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]

Romanian court says conditional release for former minister Elena Udrea is possible

The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA.  Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]

Reserves of Romania’s central bank rise to EUR 58.2 bln in June 2025

The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025.  During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]

Moldova’s largest bank Maib set to establish full digital presence in Romania

Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]

New generation of aspiring civil servants joins Romanian government’s internship program

The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]

Final testing underway at USD 160 mln cogeneration plant on Petromidia platform in Romania

The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]