English

Transp Min: Works On Cernavoda-Constanta Hwy, Bucharest-Constanta Railway Finalized In 2011

16:11, 15 Aug. 2010
Romanian Transport Minister Radu Berceanu on Sunday said the highway linking Cernavoda to Constanta, southeastern Romania, will be finalized until the end of 2011, but drivers might be able to use one lane as of June 2011, when upgrade works on the Bucharest-Constanta railway are also finalized.

Romanian Leftist Party UNPR Announces Candidate For Bucharest Mayor

14:30, 15 Aug. 2010
Gabriel Oprea, executive president of leftist party the National Union for the Progress of Romania (UNPR), on Saturday said Bucharest District 2 mayor Neculai Ontanu will be the party’s candidate for general mayor of Bucharest.

President Traian Basescu Delivers Lofty Speech On Romanian Navy Day

13:36, 15 Aug. 2010
Romanian President Traian Basescu said Sunday in Constanta, southeastern Romania, during the events celebrating the Romanian Navy Day, that this day is an opportunity for people to come together and to commemorate the fallen heroes.

Two Suspected Cases Of West Nile Virus Infection In SE Romania

15:12, 14 Aug. 2010
Two men in Tulcea county, southeastern Romania, have been diagnosed with viral meningitis and are suspected of contracting the West Nile virus.

Romania Proposes Florin Serban’s „If I Want To Whistle, I Whistle” For 2011 Academy Awards

13:34, 14 Aug. 2010
The feature film “If I Want To Whistle, I Whistle” by Romanian director Florin Serban is Romania’s proposal for the 2011 Academy Awards in the best foreign language film section, said officials of the National Center for Cinematography.

Romanian Govt Slashes Thermal Rehab Funds, Blames Crisis

13:49, 13 Aug. 2010
The Romanian government slashed three quarters from the energy efficiency budget, to 11.7 million lei (EUR1=RON4.2327), as opposed to RON40 million, according to a decision adopted Wednesday.

Romania Heat Wave Advisory Extended Until Monday

11:18, 13 Aug. 2010
Romanian weather authorities extended Friday a yellow code heat wave advisory until Monday and warn temperatures will exceed 35 degrees Celsius especially in the country’s southern and eastern regions.

Romania Leu Mostly Higher Vs Euro In Early Trade After 2Q GDP Data

11:10, 13 Aug. 2010
Romania’s leu opened higher against the euro Friday and further gained ground, after positive economic data for the second quarter.

Romania 2Q GDP +0.3% On Quarter, -0.6% On Year

10:14, 13 Aug. 2010
Romanian second-quarter gross domestic product grew by 0.3% in seasonally adjusted data compared with the earlier quarter, a flash estimate of the country’s statistics institute showed Friday.

Romanian Govt Might Seek Conf Vote In Fall To Pass New Labor Code

09:32, 13 Aug. 2010
Romania’s Government might again seek a confidence vote in Parliament, in September or October, to pass a new Labor Code, a social assistance code and the unitary wage law for the public sector, Prime Minister Emil Boc said Thursday.

Romanian Analysts Mixed On Economic Development In 2011

17:10, 12 Aug. 2010
Romania could remain in recession well into next year, as potential new austerity measures in the fiscal sector and further public layoffs are likely to lead to an economic contraction of 2% in 2011, analysts with ING Bank said Thursday.

Romania’s Tourism Might Be Promoted On Facebook

16:06, 12 Aug. 2010
Romania’s tourism might be promoted on social networking website Facebook, through a potential partnership between Facebook and Romania’s Regional Development and Tourism Ministry, the ministry said Thursday.

Over EUR1.5M Missing From Bank Accounts Of Twenty Credit Europe Bank Clients

14:25, 12 Aug. 2010
The number of clients of the local branch of Credit Europe Bank in Brasov, central Romania, who had money withdrawn from their bank accounts without their permission, reached 20, and total damages exceed EUR1.5 million.

Romania Supports Resuming Israeli-Palestinian Negotiations Without Preconditions

14:10, 12 Aug. 2010
Romanian President Traian Basescu said Thursday in a joint press conference with Israeli President Shimon Peres, that Romania supports the resuming of Israeli-Palestinian and Syrian-Israeli negotiations without any preconditions.

Romanian President Basescu Pledges Support For NATO, Israel In Case Of Conflict With Iran

14:04, 12 Aug. 2010
Romanian President Traian Basescu said Thursday that, in case of a conflict with Iran, Romania will be a loyal partner to NATO and to Israel.

Romanian Govt Slashes VAT Funds For Local Mayoralties

13:45, 12 Aug. 2010
The sums taken from VAT collections and transferred to Romanian local budgets will be reduced by 2.1 billion lei (EUR1=RON4.2347) in the upcoming budget revision, according to the draft obtained by MEDIAFAX.

Romania To Revise Budget Revenue Down By RON3.4B

12:48, 12 Aug. 2010
Romania’s Government estimates budget revenue will come in at 165.4 billion lei (EUR1=RON4.2404) in 2010, down from an initial projection of RON168.85 billion, due to weaker than expected results in the first half and worsened economic growth prospects.

Romanian State-Owned Cos To Donate Unused Funds To State Budget

12:39, 12 Aug. 2010
Romanian state-owned energy companies Electrica and Romgaz will donate 400 million lei (EUR1=RON4.2404) each to the state budget, while the Lottery will donate RON74 million, according to the draft of the first budget revision this year obtained by MEDIAFAX.

Romanian Govt Raises Unemployment Budget On Planned Job Cuts

10:33, 12 Aug. 2010
The Government will raise expenses for unemployment aid this year by 1.1 billion lei (EUR1=RON4.2404) at this year’s first budget revision, expecting a higher number of jobless people than initially estimated when the budget was drafted.

Credit Europe Bank Pays Back People Whose Accounts Were Emptied

10:20, 12 Aug. 2010
Romania’s Credit Europe Bank, the local subsidiary of Credit Europe Bank N.V., started paying back clients of its branch in Brasov, central Romania, who had money drawn from their accounts without their permission, the bank said Thursday.

Romanian Govt To Lower Funds For Education, Defense, Agriculture To Pay Pensions, Social Welfare

10:00, 12 Aug. 2010
Romania’s Government will lower budgets for education, defense, justice, transports and agriculture and direct the money to the payment of pensions, unemployment benefits and other social welfare rights to avoid further social unrest.

Romanian Govt To Cut 2,270 More Jobs In Education – Sources

09:42, 12 Aug. 2010
Romania’s Government decided in the Cabinet meeting Wednesday to cut 4,240 more jobs in education, of which 2,270 are currently filled and the rest are vacant, people close to the matter told MEDIAFAX.

Romanian State-Owned Railway Co CFR Calatori To Send Entire Staff Into Technical Unemployment

21:06, 11 Aug. 2010
All of the approximately 15,000 employees of Romanian state-owned railway passenger transporter CFR Calatori will be sent into technical unemployment by rotation from Monday until the end of the year, general manager Liviu Pescarasu told MEDIAFAX on Wednesday.

Romanian Govt To Increase Social Security Budget By RON3.8B

19:56, 11 Aug. 2010
Romania’s Government will increase the social security budget by 3.8 billion lei (EUR1=RON4.2404) to cover spending on pensions until the end of the year, Prime Minister Emil Boc said Wednesday.

Romanian Govt Allots RON500M To Pay State Companies’ Debts To Private Firms

19:42, 11 Aug. 2010
Romania’s Government will allot 1.9 billion lei (EUR1=RON4.2404) to pay the state’s healthcare debts and RON500 million to cover the debts of state companies to firms which are themselves indebted to the budget, Prime Minister Emil Boc said Wednesday.

Romania, Sole Net Debtor In EU New Members – Fiscal Council

16:21, 11 Aug. 2010
Romania is the only country out of 10 states that joined the European Union after 2004 who are in the position of net debtor, with a negative balance of EUR455.9 million for the years 2007-2009, the Fiscal Council said Wednesday.

Romanian President Basescu Supports Special Senate Session On VAT Hike

15:40, 11 Aug. 2010
Romanian President Traian Basescu said Wednesday on public radio that he supports the opposition’s proposal to add the Government Emergency Ordinance hiking VAT to the agenda of the Senate’s upcoming special session.

Dozens Of People In C Romania Say Their Bank Accounts Emptied Out; Damages Exceed RON1M

14:49, 11 Aug. 2010
Dozens of people holding deposits at the local subsidiary of Credit Europe Bank in Brasov, central Romania, claimed large sums of money in their bank accounts had been withdrawn without their knowledge.

Romania Should Reconsider Euro Adoption Calendar, President Says

14:47, 11 Aug. 2010
Romanian President Traian Basescu said Wednesday on public radio he thinks authorities should rethink the country’s euro adoption calendar, as the country has not yet resolved its structural deficits problem.

Romanian President Says Govt Has Progressed, Calls For Faster Pace In Reform

14:31, 11 Aug. 2010
Romanian President Traian Basescu said Wednesday on public radio he appreciates the Government’s progress and its austerity measures are the best political solution.

Israeli President Shimon Peres To Visit Romania Thursday, Friday

14:01, 11 Aug. 2010
Aurel Vainer, president of the Federation of Jewish Communities of Romania, told MEDIAFAX on Wednesday that Romanian President Traian Basescu will host a dinner Thursday evening in honor of Israeli President Shimon Peres, following official meetings between the two heads of state earlier in the day.

Romania Has Licensed Four Electric Cars, 750 Hybrids

13:38, 11 Aug. 2010
Four electric cars and 750 hybrids have been registered and licensed in Romania, out of a total 134 electric vehicles and 756 hybrids, the Romanian Auto Registry told MEDIAFAX.

Code Yellow Heat Wave Alert For S, E Romania, Valid Thursday Through Saturday

13:14, 11 Aug. 2010
Romanian meteorologists on Wednesday issued a code yellow hot weather advisory valid Thursday through Saturday for the country’s southern and eastern regions, where temperatures will exceed 35 degrees Celsius.

Romania Transp Ministry Eyes 12,800 Layoffs In Railway Sector, Unions Threaten Protests

12:11, 11 Aug. 2010
Romania’s Transport Ministry is working on a draft act, whereby it will sack 12,800 employees in the railway sector until the end of September, people close to the matter told MEDIAFAX Wednesday.

Romania 1H Current Account Gap Widens 50% To EUR3.65B

10:18, 11 Aug. 2010
Romania's current account deficit widened 50% to EUR3.65 billion in January to June, from a gap of EUR2.4 billion in the same period a year earlier, largely due to a decrease in the current transfers surplus, central bank data showed Wednesday.

VAT Increase Pushes Romania Inflation Up To 7.14% In July

10:10, 11 Aug. 2010
Romanian consumer prices spiked by nearly two and a half percentage points to 2.58% in July from a month earlier, while the annual inflation accelerated to 7.14%, the country’s statistics institute INS said Wednesday.

Romanian Lower Chamber Legal Committee Adopts Restored Integrity Agency Bill

17:04, 10 Aug. 2010
The committee for legal matters of the Romanian Chamber of Deputies unanimously adopted the bill on the National Integrity Agency, which includes provisions previously rejected by the Senate and which will be debated in a special Chamber plenary meeting on August 16.

Romanian Shopping Center Rents Hit 8-Year Low

16:26, 10 Aug. 2010
Rents in Romanian shopping centers dropped to the levels see in 2002, when the market was in early stages of development, according to a study by real estate consultancy company Jones Lang LaSalle.

Romanian Union Leaders Required To Submit Wealth Statements – Amended Integrity Bill

15:42, 10 Aug. 2010
The committee for legal matters of the Romanian Chamber of Deputies decided Tuesday, during debates on the National Integrity Agency bill, to make it mandatory for union leaders and members of the Economic and Social Council to submit wealth statements.

Romanian Senators To Hold Plenary Meeting On August 24

14:52, 10 Aug. 2010
Romanian Senate’s Standing Office on Tuesday decided senators will convene in special session on August 16 and a plenary meeting will be held on August 24.