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US fund Advent buys up private medical player CMU

US investment fund Advent International has bought 80 per cent of local-based private clinic chain Central Medical Unirea (CMU) for a sum which local press has estimated to be 30 million Euro

Transport Ministry pledges cash to Transylvania Motorway

The Transport Ministry’s debt of 214 million Euro to US infrastructure firm Bechtel for the construction of the Transylvania Motorway in 2009 will be paid from the state budget by March, says the Ministry

Youth in frontline in Social Democrat choice of Ponta

Former Minister for the Government’s Relations with Parliament Victor Ponta, 37, has been elected the new president of the Social Democratic Party (PSD), in what is viewed as a move which gives continuity to the party’s old guard, but with a fresher face

IMF coughs up bail-out cash

The International Monetary Fund (IMF) will cough up its next bail-out cash for the Romanian economy of 2.45 billion Euro, following its reluctance to grant the money during the political turmoil surrounding last year’s bitter presidential campaign

Social Democrats lose key figures as rival party takes shape

Former Minister of Foreign Affairs Cristian Diaconescu and ex-Minister of Labour Marian Sarbu’s defections from the Social Democratic Party (PSD) is a massive blow for new PSD president Victor Ponta

Expanding help for first-time buyer scheme welcomed

NEW HOME BUILD The Ministry of Regional Development and Tourism will build 25,000 houses for key workers, such as teachers, doctors and priests, in Romanian villages