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Romania Should Focus On Supporting SMEs – Ctrl Bk Head

12:18, 09 Feb. 2011
Romanian authorities can take lots of measures to support small and medium-sized enterprises, such as reducing bureaucracy and checkups, but also improving the business environment, central bank governor Mugur Isarescu said Wednesday.

Thirty Police, Customs Workers In W Romania Detained On Corruption Charges

11:10, 09 Feb. 2011
Thirty border police and customs officers at border crossing points in western Romania have been detained following ample raids and five others will be investigated at large, the National Anticorruption Department said Wednesday.

Romania 2010 Trade Gap Narrows To EUR9.46B

10:23, 09 Feb. 2011
Romania’s trade deficit narrowed to EUR9.46 billion in 2010, from EUR9.86 billion a year earlier, the country’s statistics institute INS said Wednesday.

Bucharest City Hall Waives 3% Hotel Tax For 2011

16:00, 08 Feb. 2011
The Bucharest City Hall has waived the 3% tax on hotel revenue from accommodation for this year, giving up more than EUR2 million in income, but allowing hotel operators to lower their fees by 3%.

Almost 75% Of Romanian Minors Who Use Internet Receive Sexual Messages – Studies

15:17, 08 Feb. 2011
Three quarters of Romanian children aged between six and 17 use the Internet, 60% of them are contacted by pedophiles and 24% receive sexual messages, according to two studies presented by "Save the Children" and Focus, on Safer Internet Day.

Romanian Railway Workers Threaten To Go On General Strike In March

14:55, 08 Feb. 2011
Unions in Romania’s railway sector threaten to go on full-blown strike early March and triggered a work conflict Tuesday as collective work contracts have expired for all three state-owned railway companies.

Romanian Deputies Reject Prosecutors’ Request To Lift MP’s Immunity

14:46, 08 Feb. 2011
The Romanian anticorruption prosecutors’ request to have the immunity of democrat liberal MP Dan Pasat didn't garner sufficient votes for approval from the Chamber of Deputies Tuesday.

Romanian Consumers Among Most Affected By Crisis In 2010 – GfK

14:04, 08 Feb. 2011
Romanian and Greek consumers felt the worst effects of the crisis and the high public debt out of all Europeans last year, while Germans were the best off, according to a study by GfK.

Romanian Senate Committee Approves Copayment System For Public Healthcare

13:56, 08 Feb. 2011
Romania’s Senate committee for healthcare on Tuesday endorsed the bill introducing a copayment system for public healthcare services.

Romanian Senate Committee Rejects Bill Forcing Radios To Play Romanian Music

13:14, 08 Feb. 2011
Romania’s Senate committee for culture on Tuesday recommended that the plenum reject a bill that would force local radio stations to play Romanian music for 40% of their music playing air time.

IMF: Romania’s Decision To Waive On Final Installment Unmeddled With

11:59, 08 Feb. 2011
Romania’s decision not to draw the last installment from its EUR13 billion loan with the International Monetary Fund was made of the government’s own accord and it sends a positive signal to investors worldwide, an official of the International Monetary Fund said Tuesday.

Romania’s New Deal With EU Could Kick Off May 1

11:40, 08 Feb. 2011
Romania’s follow-up agreement with the European Commission might take effect on May 1, pending approval from the authorities in Brussels, a Commission official said Tuesday.

Romania Shouldn’t Expect Energy Price Hikes In „Near Future” – IMF

11:29, 08 Feb. 2011
Romanians should not expect electricity and gas prices to grow “in the near future”, since cost liberalization will develop gradually until 2015, according to Jeffrey Franks, the head of the International Monetary Fund’s delegation to Romania.

IMF: Romania Must Overhaul Energy, Transport Sectors

11:27, 08 Feb. 2011
Romania’s biggest challenge to ensure a sustainable economic growth will be to overhaul the public energy and transportation system, as the operators in the field require additional resources from the private sector, an official of the International Monetary Fund said Tuesday.

IMF Board To Review Romania Deal End March

11:01, 08 Feb. 2011
The Board of the International Monetary Fund will convene end March to approve the seventh and final review of its EUR13 billion stand-by loan extended to Romania and discuss the terms of a follow-up agreement, IMF mission chief Jeffrey Franks said Tuesday.

Romanian Anticorruption Authorities Detain 30 Police, Customs Workers In W Romania

08:41, 08 Feb. 2011
About 30 border police and customs workers have been detained Tuesday morning and taken in for questioning after a massive sting operation by anticorruption authorities that involved five customs points in western Romania, people close to the investigation told MEDIAFAX.

Main Taxes Unchanged In New Romania-IMF Deal – PM

20:31, 07 Feb. 2011
The follow-up deal between Romania and the International Monetary Fund will keep most taxes unchanged, while arrears will be eliminated gradually, Prime Minister Emil Boc said on Monday.

Romania To Deregulate Electricity, Natural Gas Markets By 2015

19:45, 07 Feb. 2011
Romanian Prime Minister Emil Boc said Monday Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund.

Romania Overdue Loan Payments Double To RON15B In Dec ‘10

15:06, 07 Feb. 2011
Romanian overdue payments on loans worth at least 20,000 lei (EUR1=RON4.2485) rose to RON15.07 billion in December 2010, more than double on the year, central bank data showed Monday.

Romanian Ctrl Bank Says Consumer Prices Exposed To Outside Pressure

14:42, 07 Feb. 2011
Romanian consumer prices are exposed to upward pressure from international food and oil prices, central bank governor Mugur Isarescu said Monday.

Around 4% Of Romanian Web-Surfing Children Accessed Inappropriate Content In 2010 – Eurostat

13:40, 07 Feb. 2011
Around 4% of the Romanian children who used the Internet in the last 12 months accessed inappropriate websites or got in contact with potentially dangerous people, according to a Eurostat study which places Romania below the European Union average of 5%.

Romania Ctrl Bk Says Surplus Cash In Market To Drop Shortly

13:36, 07 Feb. 2011
Romanian liquidity excess in the interbank market is mostly due to a cluster of four to five banks that show reserve in lending funds to their peers, central bank governor Mugur Isarescu said Monday.

About 35% Of Romanians To Spend Up To EUR500 On Holidays In 2011

13:15, 07 Feb. 2011
About 35% of Romanians polled by website ivox.ro said they can spend EUR300 to EUR500 this year on holidays, while 19.37% said their 2011 holiday budget ranges between EUR500 and EUR1,000.

Romania Seeks New Deal With Parent Banks – Ctrl Bker

12:40, 07 Feb. 2011
Romania is seeking to extend its agreement with the parent banks of the country’s top nine lenders regarding their exposure on the domestic market, central bank governor Mugur Isarescu said Monday.

Romania, IMF Set Terms Of EUR5B Follow-up Deal – Ctrl Bk

12:35, 07 Feb. 2011
Romanian authorities have reached an agreement with the International Monetary Fund and the European Commission regarding the terms of a new EUR5 billion credit line, central bank governor Mugur Isarescu said Monday.

Romania Central Bank Ups 2011 Inflation Forecast To 3.6%

12:05, 07 Feb. 2011
Romania's central bank revised upward its forecast on the annual inflation to 3.6% at the end of 2011, from 3.4% previously, central bank governor Mugur Isarescu said Monday.

Sony Names New Country Head For Romania

11:04, 07 Feb. 2011
Japanese electronic equipment maker Sony named Tomohiro Nakashima to run the company’s operations in Romania, replacing Taiju Ishikawa, who will further coordinate Sony’s activity in the Czech Republic and Slovakia.

Romania 2010 Indus Sales +12% On Year

10:51, 07 Feb. 2011
Romanian industrial sales rose 12% in 2010 from a year earlier, largely fueled by a 13% increase in the manufacturing industry, the country’s statistics institute INS said Monday.

Romania Won’t Draw Last EUR1B From IMF Loan –President

21:21, 06 Feb. 2011
Romania won’t draw the last tranche from a EUR13 billion loan from the IMF, due to positive economic developments, President Traian Basescu said Sunday evening, adding the country will draw the last tranche of its loan from the EU.

Transylvania International Film Festival Held On June 3-12

15:53, 06 Feb. 2011
The tenth annual edition of the Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, northwestern Romania, according to the festival’s official website.

Romania Risks EU Sanctions Unless It Transfers Railway Supervision Body From Transport Ministry

15:06, 06 Feb. 2011
Romania’s Government will transfer a railway sector supervision body to the Competition Council from the Transport Ministry to avoid an infringement procedure from the European Union.

Romanian Senators Draft Bill Obliging Public Office Candidates To Undergo Psychiatric Examinations

14:42, 06 Feb. 2011
Five Romanian senators have drafted a bill requiring psychological and psychiatric examinations of all candidates for public office, including presidential candidates.

Widows Of Miners Killed In Romanian Coal Mine Blast To Get Jobs At National Coal Company

13:42, 06 Feb. 2011
The widows of the five miners killed in a methane explosion Saturday at the coal mine in Uricani, southern Romania, will get jobs at the Natioanl Coal Company CNH, said Labor Minister Ioan Botis.

Bucharest Bourse GM Doesn’t Want Proprietatea Fund Listed On Other Mkts

18:06, 05 Feb. 2011
The general manager of the Bucharest stock Exchange, Valentin Ionescu, said Saturday he doesn’t want investment fund Fondul Proprietatea (FP.RO) listed on other stock markets because it’s an issuer than can help consolidate the local market.

Romanian Agric Min Says It’s Inadmissible That Romania Imports Milk, Dairy

15:28, 05 Feb. 2011
Romanian Agriculture Minister Valeriu Tabara told a news conference Saturday it is inadmissible Romania has come to import milk and dairy products that aren’t always of the highest quality.

Romanian Liberals, Conservatives Approve Alliance With Social Democrats

14:02, 05 Feb. 2011
The leadership bodies of Romania’s opposition Liberal and Conservative parties on Saturday approved with a wide majority of votes the creation of an alliance with the Social Democratic Party.

Judas Priest Include Romania In Last World Tour

12:34, 05 Feb. 2011
Judas Priest return to Romania for a concert on July 3 at Romexpo in capital Bucharest, according to the band’s official website.

Romania Won’t Require Split From Bulgaria For Schengen Entry – President

11:59, 05 Feb. 2011
Romanian President Traian Basescu said Friday Romania will not ask to be considered for Schengen separately from Bulgaria, even though reports show Romania has met all technical criteria and Bulgaria hasn’t, the president’s office said in a press release Saturday.

Romania Pleads To Include Serbia, Moldova In EU Single Energy Market

11:44, 05 Feb. 2011
Romanian President Traian Basescu said Friday at the European Council meeting in Brussels that non-EU countries like Serbia and the Republic of Moldova should be connected to the EU’s single energy market, which is set to be established by 2014 the president’s office said in a press release Saturday.

Romania Registered Three AH1N1 Deaths In End-Jan

17:32, 04 Feb. 2011
Three people died in Romania in the last week of January because of A/H1N1 flu, while another 40 have been confirmed infected with the virus, with outbreaks reported in Bucharest and the counties Iasi, Bacau, Constanta, Prahova and Mures, according to the National Public Health Institute.