Friday

29th Mar 2024

Ticker

Romania adopts new rules weakening corruption fight

Romania's lawmakers in the parliament's lower house approved on Wednesday amendments to the criminal codes that could shut down several ongoing high-level corruption cases, Reuters reported. Opposition politicians plan to challenge the new rules at the Constitutional Court. The EU commission already warned Bucharest not to adopt the new rules that would create an amnesty for high-ranking officials sentenced for corruption.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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