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Many Romanian Cos Struggle Despite Loan Restructuring – CEC Bank

11:12, 06 Iul. 2010

One quarter of Romanian companies with loans restructured by lender CEC Bank still fail to make payments, the bank's president Radu Ghetea said Tuesday.

Romanian Food Prices To Rise By About 8% After Floods– Union Leader

10:51, 06 Iul. 2010

Food prices in Romania will increase by up to 8% in the upcoming weeks following recent rainfall and floods, which damaged hundreds of hectares on farmland, agriculture union federation AGROSTAR president Niculae Stefan said in a press release.

Twelve Dead, Two Severely Injured In Plane Crash In SE Romania

09:09, 06 Iul. 2010

Twelve people died and two were severely injured Monday evening in a plane crash in Tuzla, in southeastern Romanian county of Constanta.

Eleven Dead, Three Severely Injured In Plane Crash In SE Romania

20:05, 05 Iul. 2010

Eleven people died and three were severely injured Monday evening in a plane crash in Tuzla, in southeastern Romanian county of Constanta.

IMF To Visit Romania July 26 – August 4

18:31, 05 Iul. 2010

The International Monetary Fund will send a mission to Romania between July 26 and August 4 for the fifth review of the country’s EUR13 billion loan agreement signed last year, the IMF said in a statement Monday.

Romanian Rompetrol Cuts Pump Prices By Up To RON0.9/Liter

17:55, 05 Iul. 2010

Romanian fuel retailer Rompetrol Downstream reduced Monday its gasoline and diesel oil pump prices by 0.5-0.9 lei (EUR1=RON4.2613), depending on the type of fuel, the company announced.

Romania Ctrl Bk Considers New Restrictions To Curb FX Loans

15:57, 05 Iul. 2010

Romania’s central bank could introduce new measures designed to discourage foreign currency lending and limit risk exposure, governor Mugur Isarescu said Monday.

Romania Jobless Rate Kept Downward Trend In June, For Third Consecutive Month – Labor Min

15:49, 05 Iul. 2010

Romania’s unemployment rate fell for the third consecutive month in June, said Labor Minister Mihai Seitan on Monday, declining, however, to mention the exact value of the rate.

PM Arrives In Flood-Hit Galati In Eastern Romania To Check Dam Building Works

15:44, 05 Iul. 2010

Romanian Prime Minister Emil Boc arrived Monday afternoon in the flood-hit eastern Romanian city of Galati to supervise works on a makeshift dam to protect the city against potential upcoming floods.

About 40% Of Romanians Meet Difficulties In Paying Loan Installments – Poll

14:36, 05 Iul. 2010

About 40% of the Romanians who took a bank loan encounter problems in paying their installments and 13% of them have overdue payments, according to a survey conducted for the World Bank by the Romanian Academy’s Institute for World Economics.

Romanian Govt To Keep Taxes On Multiple Homes, Large Cars At New Level In 2011

14:20, 05 Iul. 2010

Romania’s Government intends to keep the taxes hiked on July 1, levied on cars with engines larger than 2,000 cc and on owners of multiple homes, at their new level in 2011 as well, eyeing around 500 million lei (EUR1=RON4.2613) in revenue.

Romania Central Bank Says Inflation May Rise To 8% In 2010

13:49, 05 Iul. 2010

Romanian inflation may accelerate to around 8% this year, driven by a recent increase in the value added tax level, central bank governor Mugur Isarescu said Monday.

Over Two Thirds Of Romanians Could Cope With 25% Wage Cut For Three Months Tops

13:34, 05 Iul. 2010

Over two thirds of Romanian say they could deal with a 25% wage cut for three months at most, considering 75% of people’s savings consist of two months’ salary at most, according to a survey conducted for the World Bank by the Romanian Academy’s Institute for World Economics.

Romanian Housing Prices Fall 5.3% During 1H – Survey

13:28, 05 Iul. 2010

Asking prices for housing in Romania’s largest cities dropped by an average 5.3% in the first half of this year compared to the end of 2009, according to data from property website imobiliare.ro.

Romania Leu Up Vs Euro, Exch Rate At 4.2613

13:23, 05 Iul. 2010

Romania’s leu extended early winnings against the euro in mid trade Monday, and the exchange rate strengthened over 1% on the day at 4.2613 units.

Over 60% Of Romanians Spend All Their Money From One Salary To The Next – Survey

13:13, 05 Iul. 2010

Over 60% of Romanians spend all their money from one monthly salary to the next all the time or very often and 65% of the country’s population aged over 16 has trouble paying for every day needs, said Monday Manuela Stanculescu, researcher with the Romanian Academy’s Quality of Life Research Institute.

Romania Ctrl Bank Sees Inflation Up By 4 Pps After Sales Tax Hike

13:10, 05 Iul. 2010

Romanian central bank estimates the recent increase in the value added tax rate will drive inflation up by three to four percentage points over the next period, deputy governor Cristian Popa said Monday.

Romanian President Supervises Army Works On Temporary Bridge In NE Romania

12:34, 05 Iul. 2010

Romanian President Traian Basescu arrived Monday around noon in Dornesti, in the flood-hit northern Romanian Suceava county, to supervise works on a bridge over the local river built by the army.

Romanian Govt To Evaluate Flood Damage, Access EU Solidarity Fund By July 15

12:12, 05 Iul. 2010

Romania’s Government will evaluate the damage caused by the floods and will submit the relevant documents to access the European Union’s Solidarity Fund by July 15 at the latest, Prime Minister Emil Boc announced Monday.

Number Of Tourists Entering Romania In May Down 0.1% YY

11:29, 05 Iul. 2010

The number of tourists entering Romania was 0.1% lower in May compared with the same month a year before, while the number of tourists accommodated was up 1.3% on the year, the National Institute For Statistics, or INS, said Monday.

Romanian Fmr General Chitac Returns To Jilava Prison Hospital, Surgery Postponed

10:30, 05 Iul. 2010

Romanian former General Mihai Chitac has returned to the Jilava Penitentiary’s hospital, after being released two months ago to undergo heart surgery, which could not be carried out because of its high risks.

Romania’s May Net Salary Down 0.6% M-M To RON1,428

10:06, 05 Iul. 2010

Romania’s net average salary in May was at 1,428 lei (EUR1=RON4.3048), down 0.6% compared with the previous month, the National Institute for Statistics, or INS, said Monday.

Romanian Govt To Discourage House-Building In Floodable Areas – PM

19:57, 04 Iul. 2010

Romanian Prime Minister Emil Boc said Sunday, during a visit to the severely flood-hit northeastern county of Suceava that the Government does not encourage the building of houses in areas at risk of floods.

Romania Activates EU Civil Protection Mechanism, Four EU Members Offer Aid

19:53, 04 Iul. 2010

Romania activated Friday the EU’s Civil Protection Mechanism, and, within hours, it received offers for assistance from Belgium, Austria, France and Estonia, says a press release issued Sunday by the European Commission.

Romanian President Returns To Flood-Hit NE Romania

19:50, 04 Iul. 2010

Romanian President Traian Basescu returned Sunday to the heavily flood-hit village of Saucesti, in northeastern Bacau county, which he previously visited Saturday.

Romania To Maintain IMF-Agreed 6.8% Deficit Target After Floods – PM

16:25, 04 Iul. 2010

Romania’s Prime Minister Emil Boc said Sunday, during a visit to a severely flood-hit village in northeastern Suceava county, no discussions have been held with the IMF regarding a higher deficit target.

Romania Must File For EU Solidarity Fund Aid In No More Than 10 Weeks From June 23 – PM

15:58, 04 Iul. 2010

Romanian Prime Minister Emil Boc said Sunday, during a visit to a severely flood-hit village in northeastern Suceava county, that the financial aid request for the European Union’s Solidarity Fund must be submitted in no more than ten weeks from the beginning of the floods.

Romanian Ministries To Redirect Investment Funds To Flood Reconstruction Effort – PM

15:20, 04 Iul. 2010

Romania’s Prime Minister Emil Boc said Sunday, during a visit to a severely flood-hit village in northeastern Suceava county, that all ministries will reprioritize their investments and allot the funds to rebuilding the infrastructure and houses damaged by the floods.

IMF Concerned With Romania’s Ability To Continue Reforms

15:03, 04 Iul. 2010

The board of the International Monetary Fund is concerned with Romania’s capacity to continue to implement reforms, IMF mission head to Romania Jeffrey Franks told MEDIAFAX.

Romanian PM Visits Flood-Hit NE Romania

15:01, 04 Iul. 2010

Romanian Prime Minister Emil Boc arrived Sunday in the heavily flood-hit village of Zamostea, in northeastern Suceava county, where he talked to local flood evacuees and promised them their homes would be rebuilt before winter.

IMF To Maintain Romania’s 2010 GDP Forecast

14:13, 04 Iul. 2010

The IMF will not significantly alter its forecast on Romania’s 2010 GDP, expected to see a 0.5% decrease this year, following the recently announced VAT hike and public sector wage cut, IMF mission head to Romania Jeffrey Franks told MEDIAFAX.

IMF, Romania To Discuss New Agreement Once Govt Sends Clear Signal Of Intent

14:11, 04 Iul. 2010

Romania might begin talks on a new precautionary or standby agreement with the IMF during the coming months, should the country’s Government send a clear signal of intent, IMF mission head Jeffrey Franks told MEDIAFAX.

IMF Ups Romania’s 2010 Inflation Target To 7.9% After VAT Hike

14:09, 04 Iul. 2010

The board of the International Monetary Fund approved Friday to increase Romania’s 2010 standby agreement inflation target from 3.5% to 7.9%, following the VAT hike to 24%, evaluation mission head Jeffrey Franks told MEDIAFAX.

Romanian President Visits Flood-Hit NE Romania

18:21, 03 Iul. 2010

Romanian President Traian Basescu arrived Saturday afternoon in the heavily flood-hit village of Saucesti, in northeastern Bacau county, where he talked to the locals and promised them the village would have a dam to protect it from floods by the end of 2010.