Labour cost: steepest and largest increase in the EU. And mostly concentrated on non-business sector
Romania recorded in the first quarter of 2018 the highest labour cost increase among all EU member states, according to data released by Eurostat. With… Mai mult›
Company financing: Firms’ aversion to credit – at high levels. Most favourite banking product – account overdraft
The rise in interest rates and fees is becoming increasingly worrying for companies and maintains companies’ aversion to banking lending at high levels, according to… Mai mult›
“Everything in One Hand” project continues: Law which pushes Court of Auditors beneath Administration’s feet – adopted
The Senate adopted on Thursday the draft amending Law 94/1992 on the organization and functioning of the Court of Auditors, which contains amendments that could… Mai mult›
Government is hardly competing with private economy on banks’ money. Which are satisfied: less work, lower risks
The volume of government credit has increased about 10 times over the last 10 years, and the share in total banking investment in Romania… Mai mult›
de Mariana Bechir , 27.11.2017
The Tel Drum case file in which Liviu Dragnea is accused is just one of the 11 cases in which the European Anti-Fraud Office (OLAF) recommended last year the recovery of the European funds granted to Romania.
The first position in the 2016 ranking of OLAF’s recommendations is shared by Romania and its neighbour Hungary, for which the office has also issued 11 requests.
Regarding the amounts identified as being defrauded and for which the recovery has been requested, a case in Hungary stands out – in 2016, the OLAF investigation into the EUR 1.7 billion project for the Budapest metro line 4 was completed.
The investigation, which has been carried out in Hungary and the UK, ended with the recommendation to recover EUR 228 million of European funds and EUR 55 million from the European Investment Bank.
Overall, last year, OLAF closed investigations in 219 cases and made 346 recommendations, including the recovery of a total of EUR 631 million. The record in the amounts set to be refunded was registered in 2014 when the total was over EUR 900 million.
The number of recommendations exceeds the number of case files, as there may be several recommendations for one case file – for example, in the Tel Drum file, it was recommended that national authorities trigger criminal investigations as well as the recovery of the amount.
OLAF recommendations for the recovery of the defrauded European funds are addressed to the specialized directorates-general of the European Commission, which asks the countries referred to return the money.
National authorities may recover damages through open court actions in those cases.
Romania, first position during whole 2009 – 2016 period
In fact, Romania ranks first in the EU bloc by the number of indictments made on OLAF’s recommendation and the number of cases in which the judicial authorities rejected a case, in the whole 2009-2016 period.
Out of 102 recommendations, the Romanian authorities launched investigations in 74 cases and the courts pronounced convictions in 24 of these cases:
It should be noted that in the category of the 28 cases in which no decision has been made, statistics are no longer actual. In these situations, there is a reporting period of 12 months, which will only be completed by the end of this year.The Tel Drum file in which the PSD leader is also prosecuted is one of the cases not included in this statistic, for example.
According to the OLAF data, only two reports on possible frauds came last year from the Romanian authorities, while 33 reports came from private sources (most of them in the EU).
Lăsați un comentariu
Fitch confirms Romania's rating at BBB- but warns: fiscal loosening is risky for macroeconomic stability
Fitch Ratings confirmed on Friday Romania's rating for long-term foreign and local currency debt at BBB-, with a stable outlook, but warned that fiscal loosening… Mai mult›
Finance Minister Eugen Teodorovici said at a press conference held in Bistrita that "a mechanism of this type is in progress”, a mechanism on tax… Mai mult›
AOAR - Economy against new Criminal Code: businessmen denounce excessive protection provided to officials who cause damages to economy
The Businessmen’s Association of Romania (AOAR) asks the ruling coalition to explain the mechanism by which, after changes introduced on Wednesday in the Criminal Code,… Mai mult›
Number of insolvencies increased by 12% in first five months. Suspended activities - plus 31%, dissolutions - plus 59%
The increase in the number of companies and PFAs in insolvency was 11.97% in the first five months of this year, compared to the same… Mai mult›
The investment needs in Romania's transport infrastructure exceed EUR 70 billion, while the available resources by 2030 are EUR 36 billion, according to the Transport… Mai mult›
Liviu Dragnea announces a dictatorship through ordinances: "Correct procedural approach through Parliament is wrong, from the law on investment fund to laws on the judiciary. We will be firmer and more radical"
"We decided to be much firmer and more radical. My way of having a correct procedural approach in the Parliament proved wrong. In the Parliament,… Mai mult›
Deputies adopted a draft law on Wednesday whereby entitlement to social assistance ceases when a job is refused. The decision, Agerpres announced, was taken with… Mai mult›
The National Agency for Employment (ANOFM) grants subsidies of RON 900/month to employers who employ graduates of educational institutions, with contracts of indefinite duration, within… Mai mult›
C.P. Tariceanu, before the heads of Senates from EU: The European Commission has encouraged the parallel state, in Romania it is like in the 50's
Calin Popescu Tariceanu (foto) delivered a very tough speech on Friday, in the Senate, addressed to the European Commission, which he accused of encouraging the… Mai mult›
The National Bank of Romania (BNR) sent to banks for consultation a draft amending Regulation 17/2012, which provides for a consistent lowering of the indebtedness… Mai mult›
Senators adopted on Wednesday the draft for amending the Code of Criminal Procedure, by 74 votes for to 28, against. The bill goes to the… Mai mult›
RBL: Workforce crisis is worse than economic crisis - 3.4 million Romanians have left the country in last 10 years
Migration is one of the most serious problems facing Romania at this time, along with the lack of infrastructure. However, the return of Romanians to… Mai mult›
Romania's economy could grow by 5.1% in 2018, according to the World Bank summer forecast. The estimate has been improved by 0.6 percentage points above… Mai mult›
Ministry of Energy: Natural gas from Black Sea will be exported through Onesti - Isaccea - Negru Voda network
The Ministry of Energy issued for Transgaz the construction permit for the consolidation of the transport system between Onesti (Bacau) and Isaccea (Tulcea) and for… Mai mult›