English

Romania Fin Ministry Rebuked Over Insufficient Data In Fiscal Strategy

19:29, 24 Sept. 2010
Romania’s Fiscal Council Friday criticized the Finance Ministry for its lack of details regarding the revenue forecasts included in the 2011-2013 fiscal strategy and recommended the ministry present the macroeconomic fundamentals considered for each revenue category.

Romania August Overdue Loans Rise 6.9% On Month To RON14.4B

19:15, 24 Sept. 2010
Romanian non-government overdue loans rose 6.9% on the month to 14.4 billion lei (EUR1=RON4.2455) in August, and were more than double compared with the year earlier period, central bank data showed Friday.

IMF To Start Preliminary Talks On New Romanian Loan In Oct – Official

19:11, 24 Sept. 2010
The International Monetary Fund on Friday agreed to hold preliminary talks that could lead to a new loan agreement with Romania during the fund’s upcoming mission to the country in October, said Mihai Tanasescu, Romania’s representative to the IMF.

Romania Fiscal Council Says 2011-2013 Strategy Poses Significant Risks

19:09, 24 Sept. 2010
Romania’s fiscal strategy for the 2011-2013 period poses significant risks, particularly regarding the budget revenue forecasts, the country’s Fiscal Council said in an opinion Friday.

Romania 8-Mo Passenger Car Sales -26% On Year To 68,341 Units

17:53, 24 Sept. 2010
Romanian new passenger car sales fell 26.1% to 68,341 units in the January-August period, from 92,428 units in the year earlier period, the Automotive Manufacturers and Importers Association, or APIA, said Friday.

Romanian Leu Firms Vs Euro On Higher FX Sales

17:51, 24 Sept. 2010
Romania’s leu extended early gains versus the euro in mid session Friday, tracking the currencies in the region and amid growing demand from companies.

Romanian Union Leaders Ask Protesters To Go Home, Return For New Rallies On October 7

17:42, 24 Sept. 2010
President Bogdan Hossu and other leaders of Romania’s Cartel Alfa union federation asked the people protesting Friday at the Cotroceni presidential palace to go home and return here for a new round of protests on October 7, when an ample rally is organized to mark Decent Labor Day.

Romania, Bulgaria Commit To Jointly Build New Bridges Over Danube River

16:00, 24 Sept. 2010
Romania’s Transport Minister Anca Boagiu and her Bulgarian counterpart Alexander Tsvetkov agreed to set up a work group meant to spot locations and seek financing sources needed for the construction of new bridges over the Danube River.

Union Leaders Responsible For March To Romanian Presidential Palace To Be Fined

15:37, 24 Sept. 2010
The Romanian union leaders who “organized and allowed” 8,000 Romanian public sector employees to march on Cotroceni Palace, the seat of the Presidency, on Friday, will be fined, Bucharest Gendarmerie spokesman Marius Militaru told MEDIAFAX.

Nearly 8,000 Protesters Gathered Outside Romanian Presidential Palace

14:27, 24 Sept. 2010
Nearly 8,000 people, including thousands of police officers and prison guards, have gathered outside the presidential palace in Bucharest round noon Friday, security forces said.

Romanian Agric Min Does Not Expect Food Prices To Increase

13:37, 24 Sept. 2010
Food prices in Romania will not increase significantly in the upcoming period, believes Agriculture Minister Valeriu Tabara, although certain raw materials, like wheat, have become more expensive.

Romanian Agric Min To Lobby At EU For Lending Incentives To Farmers

13:19, 24 Sept. 2010
Romania’s Agriculture Minister Valeriu Tabara on Friday said he plans to lobby at the European Union for credit incentives to farmers, arguing that lending is the most efficient way to develop Romania’s agriculture sector.

Romanian Agricultural Production Can Cover Local Consumption Needs – Agric Min

13:08, 24 Sept. 2010
Romania’s agricultural production can cover local consumption needs and a part of it can be exported, Agriculture Minister Valeriu Tabara said during the Mediafax talks about Romanian Agriculture seminar, and added he objects to imports.

Romanian Health Min Says Medical Leaves Dn 30% After New Regulations Enforced

12:42, 24 Sept. 2010
Romania’s new medical leave system implemented in 2010 led to a 30% reduction in the number of medical leave certificates issued over the past months, compared to the beginning of the year, the Health Ministry said in a press release Friday.

Romanian Protesters Leave Govt HQ, Start Unauthorized March To Presidential Palace

12:24, 24 Sept. 2010
About 6,000 Romanian public sector workers, including police and penitentiary system workers, have left the government’s headquarters and started toward the presidential palace, demanding to speak to President Traian Basescu.

Hundreds Of Police Protest Outside Romanian Govt Over Austerity Measures

11:07, 24 Sept. 2010
A few hundred police workers are protesting outside the Government building in Bucharest, demanding a halt in layoff plans and their full wages back.

Romanian Union Leader Says Illegal To Build Unitary Salary Law On Wages Cut By 25%

21:03, 23 Sept. 2010
Romania’s Cartel Alfa union federation head Bogdan Hossu on Thursday said the Government cannot draft the country’s new unitary salary law based on wages cut by 25%, because it is illegal, adding this is the stand voiced by Justice Ministry representatives during talks on the law.

Romanian Authorities Urge Nomadic Roma To “Get Used To Work,” Send Children To School

15:50, 23 Sept. 2010
Romanian President Traian Basescu said Thursday, in Sofia, that Romania cannot accept restrictions on the free movement of its citizens and that a European strategy for Roma integration is necessary, but that Romanian authorities urge nomadic Roma to seek work and send their children to school.

Mobile Operator Orange Launches Apple’s iPhone 4 In Romania Friday

15:22, 23 Sept. 2010
Romania’s largest mobile operator, Orange, launches Apple’s iPhone 4 in Romania Friday, which will be available both online and in selected stores, the operator said Thursday.

Romanian Social Democrats Set To Impeach President Basescu If He Passes Pension Bill

14:29, 23 Sept. 2010
Romanian social democrat head Victor Ponta told a press conference Thursday that social democrats will set off procedures to impeach Traian Basescu as president if he passes the country’s new pension bill.

Romania Ctrl Bker: A New IMF Deal To Ensure Lower Borrowing Costs

14:26, 23 Sept. 2010
Romania needs additional financing from international lenders and a new agreement with the International Monetary Fund would ensure lower borrowing costs, according to Lucian Croitoru, adviser to the central bank governor Mugur Isarescu.

Around 1.8 Million Tourists Were On Romanian Sea Coast This Year, Down 15% On Year

14:19, 23 Sept. 2010
Around 1.8 million tourists came to the Romanian sea coast this year, 15% fewer than in 2009, while tour operator revenue dropped by more than 25%, Corina Martin, head of the National Association of Tourism Agencies (ANAT), told MEDIAFAX.

About 1,000 Romanians Rallied Outside Govt HQ Over Austere Measures

13:52, 23 Sept. 2010
About 1,000 Romanian public sector workers affiliated with the Cartel Alfa union federation protested Thursday for two hours outside the Government’s headquarters in Bucharest and a delegation of there is to meet for talks with the labor minister.

Romania Likely To Miss 2011 Deficit Target – Ctrl Bker

12:11, 23 Sept. 2010
Romania is unlikely to meet its budget deficit target for 2011, because of its weak economic performance, a central bank official said Thursday.

Romanian Transport Minister Sacks Public Road Authority Head

12:07, 23 Sept. 2010
Romanian Transport Minister Anca Boagiu Wednesday dismissed Dorina Tiron from the position of general manager of public road company CNADNR, the Transport Ministry said in a press release Thursday.

Romania August Private Lending Up 0.2% On Month

11:20, 23 Sept. 2010
Romanian private lending inched up 0.2% in real terms to 207.6 billion lei (EUR1=RON4.2511) in August from the month earlier, central bank data showed Thursday.

Romanian President On Official Visit To Bulgaria

11:05, 23 Sept. 2010
Romanian President Traian Basescu arrived Thursday in the Bulgarian capital Sofia, where he is on official visit at the invitation of Bulgarian President Georgi Parvanov.

Romania To Exit Recession With A Six-Month Delay – PM

10:54, 23 Sept. 2010
Romania will emerge from recession behind most other countries, as the crisis hit with a six-month delay, Prime Minister Emil Boc said Thursday.

Romanian Govt To Set Social Aid Cap Below Guaranteed Minimum Income – PM

10:43, 23 Sept. 2010
The Romanian Government will set the maximum cap on social aid below the guaranteed minimum income, with the view to determining people to get a job, Prime Minister Emil Boc said during a meeting with the Romanian community in New York.

Romanian Unionists Continue Protests In Bucharest Over Austerity Measures

09:47, 23 Sept. 2010
About 4,000 Romanian health, education and social care workers affiliated with the Cartel Alfa union federation will protest Thursday at the Government’s headquarters over austerity measures implemented by the Government.

Coface Keeps Romania Rating Unchanged At “B”

18:03, 22 Sept. 2010
Coface has left its sovereign rating on Romania unchanged at “B” in September, the lowest rating in central and eastern Europe, the agency said Wednesday.

No Of Protesters To Grow Until Romanian Govt Stops Austerity Measures – Union Leader

16:26, 22 Sept. 2010
Romanian union leader Marius Petcu said, speaking at Wednesday’s union rally in Bucharest’s Victoriei Square, that the number of protesters will be even higher Thursday, to make the Government understand it must put an end to the austerity measures.

Trials In Romania No Longer Suspended Over Exceptions Of Unconstitutionality – Court

16:13, 22 Sept. 2010
Trials in Romania will no longer be suspended by default when exceptions of unconstitutionality are raised, after the Constitutional Court upheld the amendments to Law 47/1992 on the functioning of the Constitutional Court, the Criminal Procedure Code and the Civil Procedure Code.

Romanian Protesters Clash With Security Outside Govt Building

16:07, 22 Sept. 2010
Demonstrators outside the Romanian Government’s headquarters in capital Bucharest clashed with security forces Wednesday afternoon in their attempt to break through security lines toward the building, prompting security to use tear gas.

S&P Cuts Rompetrol To ‘B’, Puts It On Watch Negative On Political Risk

14:30, 22 Sept. 2010
Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks.

Romania Dacia, Renault, Nissan Dealers To Sell Personalized Car Insurance Policies As Of Oct

14:15, 22 Sept. 2010
Dacia, Renault and Nissan dealers in Romania will sell personalized car insurance policies starting October, based on a partnership between Renault group’s financial subsidiary RCI Banque, insurance broker Marsh and three insurance companies, people close to the deal told MEDIAFAX.

Around 9,000 Romanian Unionists Protesting In Bucharest

13:53, 22 Sept. 2010
Around 9,000 Romanian unionists affiliated with the confederation CNSLR-Fratia are taking part in the protest in Bucharest against the Government's austerity measures.

Romania Lower House Moves Fwd On Bill Forcing Alcohol Abusers To Pay For Medical Services

13:42, 22 Sept. 2010
The health committee in Romania’s Chamber of Deputies Wednesday approved unanimously a bill setting that people who require medical attention over voluntary alcohol abuse would have to pay for the medical services, lawmaker Tudor Ciuhodaru said.

Romanians Should Save EUR3,700 Annually To Have Decent Retirement Income

12:35, 22 Sept. 2010
Romanians who will retire by 2051 should save an average of EUR3,700 annually to enjoy a standard of living similar to that before retirement, insurer Aviva Asigurari de Viata general manager Mihai Popescu told a news conference Wednesday.

E.ON To Invest EUR200M In Romanian Wind Farms – ZF

11:30, 22 Sept. 2010
Romanian E.ON Regenerabile, owned by German utilities group E.ON, is currently developing three wind farms with an overall installed capacity of over 100 MW, business newspaper Ziarul Financiar writes in its Wednesday edition.