EU: ‘ SUSPENDS ONE BILLION EUROS IN FUNDING FOR ROMANIAN PROJECTS OVER ALLEGATIONS OF CORRUPTION ‘

#AceFinanceReport – EU:May.07: The EU has suspended €1 billion in funding for Romanian projects because of allegations of corruption and irregularities, AP quoted Prime Minister Victor Ponta as saying Thursday.

The allegations referred to human resources projects, water supply and €400 million for subway projects. If there is no ruling on cases by December 31, the projects will be funded, the prime minister said.

Romania has recently launched a crackdown into high-level corruption, and Ponta vowed to improve performance through the creation of a new agency.

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ANNAPOLIS, MD: ‘ LARRY HOGAN ANNOUNCES LOWER TOLL PRICES SAVING DRIVERS $54-MILLION A YEAR ‘

#AceFinanceNews – Featured Report:USA:May.07: Maryland Gov. Larry Hogan announced a roll back on toll prices Thursday that he says will save drivers $54 million a year.

Hogan says lower tolls will go into effect throughout the state, "From the Bay Bridge and the Hatem Bridge, to the harbor crossings. From the Intercounty Connector to the new I-95 Express Toll Lanes."

On the Chesapeake Bay Bridge, for example, tolls will change from $6 to $4 for cash payments and $5.40 to $2.50 for Easy Pass commuters.

The Maryland Transportation Authority says the lower tolls won’t impact their operations.

"I am very confident we will be able to keep the public happy…as they use our facilities with the resources we have remaining," said MTA Transporation Secretary Pete Rahn.

Lower tolls will begin on July 1.

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