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Romania Central Bank Revises Down 2009 FDI To EUR3.5B

13:30, 08 Nov. 2010
Romania’s central bank Monday revised downward foreign direct investment data for 2009 to EUR3.5 billion, from EUR4.9 billion previously, after subtracting the net loss out of equity increases.

Romania Seeks Projects For Danube Strategy, To Be Applied As Of 2011

13:05, 08 Nov. 2010
The Danube Strategy is due to be applied starting with the first half of next year, jointly with the other states in the region and the European Commission, but it requires solid projects, such as a network of highways, high-speed trains and flights, said Romanian Prime Minister Emil Boc on Monday.

Romania, Bulgaria To Ask EP Support For Schengen Area Accession – Bulgarian PM

11:31, 08 Nov. 2010
Romania and Bulgaria will ask the European Parliament for support in joining the Schengen Area, as agreed with Romanian President Traian Basescu in the European People's Party summit, said Bulgarian Prime Minister Boyko Borisov during a meeting Monday with his Romanian counterpart, Emil Boc.

Court Postpones Trial Of Romanian Media Owner Vintu For Nov 26

10:47, 08 Nov. 2010
The Bucharest Court on Monday postponed for November 26 the trial of Romanian media owner Sorin Ovidiu Vintu, his driver Alexandru Stoian and Moldovan businessman Octavian Turcan, indicted for aiding and abetting a fraud convict.

Romania Sept Adjusted Construction Works Down 15.1% YY

10:38, 08 Nov. 2010
Romania's construction output fell 15.1% in adjusted data in September compared with the same month a year earlier, with decreases in all sectors, the National Institute for Statistics said Monday.

Romanian Poet Adrian Paunescu Buried With Military Honors Sunday

16:09, 07 Nov. 2010
Romanian poet Adrian Paunescu was buried with military honors Sunday, at Bellu cemetery in capital Bucharest.

Romania Sets Cost Standard/Km Of EUR5.05M To EUR6.1M For Highway Construction – Draft

15:25, 07 Nov. 2010
The construction of highways will have a cost standard per kilometer of EUR5.05 million to EUR6.1 million, VAT not included, and capital repair works on a railroad will cost EUR1.19 million/km, VAT not included, according to a draft Government Decision drawn up by the Romanian Transport Ministry.

Romania’s Economy Unlikely To Grow In 2011 Unless Govt Boosts Public Investments – Ctrl Bk Gov

13:45, 07 Nov. 2010
Romania’s central bank governor Mugur Isarescu told Pro TV in an interview Sunday that the country’s economy is unlikely to grow in 2011 unless the Government allots more money for actual, not statistic investments, considering that it is more difficult for the private sector to get back on track.

Hungarian Minority Party Urges Ruling Democrat Liberals To Find Ways For Adoption Of Education Bill

15:55, 06 Nov. 2010
Marko Bela, leader of the Hungarian minority party UDMR, part of Romania’s ruling coalition, on Saturday said his party expects democrat liberal ruling partners to find ways for the urgent adoption of the education reform bill, otherwise, his party will leave the coalition.

Romanian Govt To Fight Illicit Employment Via Anonymous Notifications

18:05, 05 Nov. 2010
Romania's Government will begin fighting illicit work by enabling "interested people" to report such instances anonymously through mailboxes specially placed in local labor inspectorates, as well as requiring employers to sign individual labor contracts and running checks on more companies.

Romania To Return Misused EU Farm Funds Of EUR41M

17:34, 05 Nov. 2010
Romania will have to return EUR41.7 million to the European Commission for failure to use the money correctly under the Common Agricultural Policy (CAP).

Romanians To See Improved Living Standards In ’12 – Ctrl Bk Gov

16:49, 05 Nov. 2010
Romanians will notice an improvement in their living standards in 2012, even thought the economy could start recovering in 2011, said Friday central bank governor Mugur Isarescu.

Romania Ranks 50th Of 169 Countries According To HDI

16:09, 05 Nov. 2010
Romania is 50th in the 2010 Human Development Index (HDI) ranking published by the United Nations Development Program, having climbed 13 spots since last year.

Fmr Romanian Envoy To Singapore Might Be Released Under Judicial Supervision

14:50, 05 Nov. 2010
A Bucharest court admitted former Romanian envoy to Singapore Silviu Ionescu’s request to be released under judicial supervision, but prosecutors can appeal the ruling.

PM: Romania Met Technical Objective For Separation Of Schengen Passenger Flow At Otopeni Airport

13:48, 05 Nov. 2010
Romanian Prime Minister Emil Boc on Friday said the technical objective to separate the passenger flow intra and extra Schengen on the Bucharest Henri Coanda International Airport has been achieved.

Romanian Transport Min To Hold Auction For Hwy Construction End-Nov

13:43, 05 Nov. 2010
The Romanian Transport Ministry will hold an auction at the end of November to award construction contracts for four highway sectors totaling 270 kilometers.

Romania Sep Retail Sales Post 4th Largest Annual Fall In EU

13:20, 05 Nov. 2010
Romanian retail sales fell 1.6% on the year in September, one of the largest decreases in the European Union, official data showed Tuesday.

Romanian Drivers Obliged To Get Snow Tires, Govt To Approve Decree In 2 Weeks

13:16, 05 Nov. 2010
Romania’s Government will approve in maximum two weeks an emergency decree obliging vehicle owners to equip their vehicles with snow tires from November 1 to March 31, Transport Minister Anca Boagiu said Friday.

Romania PM Denies Rumors Of Resignation Plans Over Education Reform

12:23, 05 Nov. 2010
Romanian Prime Minister Emil Boc on Friday denied rumors that he planned to resign following a Constitutional Court ruling regarding the education bill he had sought to adopt through a confidence vote in Parliament.

Romania Sept Indus New Orders +26.3% On Mo, +29.9% On Yr

10:45, 05 Nov. 2010
Romanian industrial new orders soared 26.3% on the month in September, due to increases in all sectors, the country’s statistics institute INS said Friday.

Romanian Poet Adrian Paunescu Dies Of Cardiac Arrest

09:09, 05 Nov. 2010
Romanian poet and journalist Adrian Paunescu Friday morning died of cardiac arrest in Floreasca emergency hospital in capital Bucharest. He was 67.

Romanian Top-100 Cos Post Overall Sales Of EUR46.27B In ‘09

21:32, 04 Nov. 2010
The top-100 companies with respect for turnover posted overall sales of EUR46.27 billion last year, 20% less than in 2008, while the overall pretax profit decreased by 45%, to EUR1.48 billion, according to a report compiled by FinMedia.

Romania Ranks 44 In World Economic Forum’s Financial Development Chart

20:07, 04 Nov. 2010
Romania has ranked 44 after being included this year, for the first time, in a World Economic Forum chart of the 57 most developed financial markets worldwide.

Romanian Drivers Without Snow Tires May Be Fined RON2500-4000 – Draft

19:36, 04 Nov. 2010
Romanian drivers will be required to use winter tires between November 1 and March 31, or pay a fine between 2,500 and 4,000 lei (EUR1=RON4.2967), in addition to the damage done to the road if they have no insurance.

Romania Central Bank Says Consumer Credit Growth Limited

16:22, 04 Nov. 2010
Romanian central bank governor Mugur Isarescu Thursday said local bankers shouldn’t have illusions about being able to resume consumer lending at pre-crisis levels, adding that the banks should focus on corporate loans instead.

Romanian Lenders Pay Excessive Interests On FX Deposits – Ctrl Bk Gov

15:52, 04 Nov. 2010
Romanian lenders pay surprisingly high interests on foreign currency deposits compared to international rates, central bank governor Mugur Isarescu said Thursday.

Romanian President Upset That Education Reform Is Being Stalled

14:23, 04 Nov. 2010
Romanian President Traian Basescu said Thursday on public radio the Hungarian minority party is not the only one upset about the education bill, adding he too is upset the reform of the education system is being stalled.

Romania Ctrl Bank To Ensure Consumer Loan Ordinance Complies With EU Norms

13:44, 04 Nov. 2010
Romania's central bank will make a public presentation at the debates regarding the government ordinance 50/2010 on consumer loans to ensure the act complies with the European directive in the field, central bank governor Mugur Isarescu said Thursday.

Romania Presents Tourist Brand In New York

13:44, 04 Nov. 2010
Romania’s tourist brand was presented Wednesday in New York, within an event that brought together experts in the tourism industry and American journalists.

Romania May Delay Euro Adoption If Fiscal Consolidation Unsuccessful – Ctrl Bk

12:55, 04 Nov. 2010
Romania should be ready to postpone the target for euro adoption if the government’s fiscal consolidation measures don’t receive social support over the next months, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Head: Higher Tobacco Taxes To Fuel Black Market

12:40, 04 Nov. 2010
Romanian central bank governor Mugur Isarescu Thursday said a new increase of the tobacco excise duty would put additional inflationary pressure and would fuel cigarette smuggling.

Romanian Retailers Expect Consumption To Keep Shrinking In ‘11

12:35, 04 Nov. 2010
Consumption is expected to continue declining in Romania next year, because of widening unemployment and lower consumer confidence, retailer representatives said at a seminar organized by Business Magazin.

Romanian Ctrl Bank Head Says Puzzled By Local Fuel Price Evolution

12:17, 04 Nov. 2010
Romanian fuel prices are not linked to the evolution of the main factors that are supposed to influence their trajectory, central bank governor Mugur Isarescu said Thursday.

Romanian President, PM, Deputy PM Discuss Education Bill Issue

12:04, 04 Nov. 2010
Romanian President Traian Basescu, Prime Minister Emil Boc and deputy Prime Minister Marko Bela are in talks Thursday following a Constitutional Court ruling acknowledging a legal conflict on constitutional grounds between the Executive and Parliament over the education bill.

Romania Central Bank Raises 2011 CPI Forecast To 3.4%

12:02, 04 Nov. 2010
Romania's central bank has revised upward its forecast on the 2011 annual inflation to 3.4% from 3.1% previously, central bank governor Mugur Isarescu said Thursday.

Romanian Telecom Op Romtelecom Posts Operating Loss, Lower Rev In Q3 Over Austerity

11:44, 04 Nov. 2010
Romanian telecom operator Romtelecom, owned by Greek OTE Group, registered operating loss of EUR13.9 million in the third quarter of 2010 and its revenues dropped by 6.5%, to EUR181.5 million, because of austerity measures and rising unemployment.

Romania Ranks 56th In WB’s Doing Business 2011 Report

11:05, 04 Nov. 2010
Romania lost one position and ranked 56th this year among 183 countries included in a World Bank report that investigates the ease of doing business by comparing regulations that enhance and constrain the companies' activity.

Romania’s September Net Salary Flat At RON1,340

10:10, 04 Nov. 2010
Romania’s net average salary in September was at 1,340 lei (EUR1=RON4.292), up a mere 0.1% compared with the previous month, the National Institute for Statistics said Thursday.

Bucharest Court OKs City Mall Owner’s Insolvency

18:03, 03 Nov. 2010
The Bucharest courthouse on Tuesday approved the insolvency request of Victoria Holding, the owner of City Mall shopping center in Romania’s capital city.

Fmr Romanian Defense Min Officials, FC Steaua Owner Becali Indicted In Land Exchange Case

17:03, 03 Nov. 2010
Romanian former Defense Ministry state secretary Dumitru Cioflina, former Defense Minister Victor Babiuc, the latter’s daughter, Ioana Babiuc, and football club Steaua owner George Becali were indicted in a case regarding exchanges of land between the ministry and the businessman.