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ING: Romanian Ctrl Bk May Rise Key Rate To 7% By Yearend

15:31, 09 Iul. 2010
Romania’s central bank could raise the key monetary policy rate to 7% a year from the current 6.25% in the last two Board meetings of 2010, ING Bank Romania said in a report.

Romanian Senate Chairman Calls On Govt To Come Up With Anti-Flood Strategy

15:03, 09 Iul. 2010
Romanian Senate Chairman Mircea Geoana said Friday that the Government must urgently present before Parliament a multiannual strategy to combat flooding, since such incidents may happen in the fall.

Romania Still Under Flood Threat, Evacuations Continue

15:02, 09 Iul. 2010
Romania is still threatened by river floods and authorities continue the evacuation of people from the areas placed under high risk flood alert, after meteorologists extended on Friday flood warnings for rivers in the eastern part of the country.

Romania’s Population At 21.5 Million, World Population Expected To Hit 7 Billion This Year

13:53, 09 Iul. 2010
Romania has 21.5 million inhabitants and the United Nations Organization expects the world’s population to hit seven billion this year, according to data released Friday by Romania’s National Institutive for Statistics.

Romanian Leu Falls Vs Euro, Exch Rate At 4.2375

13:21, 09 Iul. 2010
The Romanian leu lost around 0.2% against the euro in the first part of Friday session, and the central bank computed an indicative of 4.2375 units.

Raiffeisen Bank Sees Romania ’10 GDP -3% On Low Consumption

12:59, 09 Iul. 2010
Raiffeisen Bank revised downward its forecast on Romania’s economic growth in 2010, from minus 2% to minus 3%, on lower household consumption following the increase in the value added tax level.

Romanian Rompetrol Cuts Fuel Prices By Up To RON0.12/Liter

11:32, 09 Iul. 2010
Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGas, Friday cut its gasoline and diesel oil pump prices by 0.08 lei (EUR1=RON4.2285) and RON0.12 per liter, respectively.

US Lufkin Industries To Build $126M Plant In Romania

11:20, 09 Iul. 2010
U.S. provider of gas and oilfield equipments and services Lufkin Industries on Friday announced its plans to build by 2012 a manufacturing facility near the southern Romanian city of Ploiesti, in an investment estimated at $126 million.

Romanian Population Decreased By 5,181 People In May 2010

11:02, 09 Iul. 2010
Romania’s population has kept its downward trend and decreased by over 5,000 people on the month in May 2010, the National Institute of Statistics (INS) said Friday.

Romanian President Says Any Income Should Be Taxed

10:31, 09 Iul. 2010
Romanian President Traian Basescu said Thursday on public television that any income, including the minimum pension and unemployment benefits, should be taxed.

Romanian President Reiterates Need To Cut Public Spending To Avoid New Loan

10:27, 09 Iul. 2010
Romanian President Traian Basescu said Thursday on public television that Romania might have to take out a new loan in March 2011 if the Government fails to reduce costs with public salaries and pensions.

EP Recommends Recognition Of Kosovo Independence By All EU Member States

18:32, 08 Iul. 2010
The European Parliament recommends recognition by all European Union members states of the independence of Kosovo in a resolution adopted Thursday, a press release said.

Romanian Dacia Cars To Come With Euro 5 Engines By Jan 1, 2011

18:29, 08 Iul. 2010
All cars made by Romania’s Automobile Dacia will come equipped with Euro 5 engines by January 1, 2011 at the latest, while at the moment the carmaker only uses this type of engine in separate versions of three of its models.

Romania Ctrl Bk: VAT-Induced Inflation Has Corrective Role

16:28, 08 Iul. 2010
The inflation derived from the recent increase in Romania’s value added tax level is not monetary and has a corrective role, central bank governor Mugur Isarescu said Thursday.

Romania Ctrl Bank Head Says Interest Rates On Deposits Too High

15:51, 08 Iul. 2010
Romanian central bank governor Mugur Isarescu on Thursday said local lenders pay high enough interest rates on leu-denominated deposits, despite being below the forecast year-end inflation level of 8%.

Romania’s Poverty Rate Rose 5 Pcts In ‘05-‘08, Despite Economic Growth

15:37, 08 Iul. 2010
Romania’s poverty rate increased to 23% from 18% in 2005-2008, when the country posted economic growth, and Romania is among countries that spend the lowest percentage of gross domestic product on social welfare, according to a report issued by the Foundation for the Development of Civil Society.

Romanian Dacia 1H Sales Up 18.2%, To 181,826 Units

15:25, 08 Iul. 2010
Romanian carmaker Dacia sold 181,826 units in the first six months of this year, 18.2% more than in the same period of 2009, with 37,134 units sold in June alone, 8.6% more compared to May, French group Renault, which owns Dacia, announced on Thursday.

Romanian Youths Insufficiently Educated Regarding STDs, Study Finds

14:45, 08 Iul. 2010
Romanian youths are insufficiently informed regarding HIV transmission, as almost a quarter believe the infection is acquired through mosquito bites, 19% through kissing and 8.7% by shaking hands with an infected person, says a report by the Romanian Association for Health Promotion (ARPS).

Romania 2010 CPI Forecast Leaves Out Psychological Impact – Ctrl Bker

14:44, 08 Iul. 2010
Romania’s latest forecast on the 2010 inflation, which sees the rate accelerating to 8% by year-end in response to a five percentage points increase in the sales tax, failed to factor in the psychological impact on the population, a central bank official said Thursday.

Romanian Rombat To Make Batteries For Renault, Peugeot Hybrids

13:54, 08 Iul. 2010
Romanian car battery maker Rombat Bistrita will manufacture as of 2012 batteries for the micro-hybrid cars of Renault, PSA Peugeot and possibly Ford, and could also produce batteries for electric cars.

Romanian Leu Up Vs Euro, Exch Rate At 4.2285

13:25, 08 Iul. 2010
Romania’s leu edged higher against the euro in mid trade Thursday, tracking regional markets, and the central bank’s reference strengthened slightly to 4.2285 units.

Dozens Protest In Romanian Capital Over Cyanide Mining Project For W Romania

11:36, 08 Iul. 2010
About 50 people are protesting outside the Marriott Hotel in capital Bucharest Thursday to the gold mining project in Rosia Montana, in western Romania, which entails the use of cyanide.

Romanian Health Ministry Cuts Over 1,600 Positions In Healthcare Units

10:39, 08 Iul. 2010
Romania’s Health Ministry finished the reorganization and restructuring process by which 1,621 positions and 233 vacant resident practitioner jobs have been slashed, Government spokeswoman Ioana Muntean said Wednesday.

Romania’s Govt Decides To Reduce State Secretary, Deputy Prefect Positions

10:37, 08 Iul. 2010
Romania’s Government has decided to reduce to two the number of state secretaries in each ministry, except those of Interior, Foreign Affairs and Finance, which will have three secretaries of state, Prime Minister Emil Boc said Wednesday.

Romania’s Govt Cuts About 2,000 Positions In Local Work Departments

10:36, 08 Iul. 2010
Romania’s Government decided Wednesday to cut about 2,000 positions in local work departments and 307 positions within the Labor Ministry, people close to the matter told MEDIAFAX.

Romanian President Maintains Viewpoint On Orchestrated Media Campaigns

20:05, 07 Iul. 2010
Romania’s President Traian Basescu said Wednesday on the public radio that he maintains his standpoint regarding media campaigns that denigrate state institutions, which were listed among threats to national security in the country’s National Defense Strategy.

Romanian Automobile Dacia To Build Euro 5 Engines For Dacia, Renault, Nissan, Renault Samsung

18:57, 07 Iul. 2010
Romanian carmaker Automobile Dacia will produce Euro 5 engines for Dacia, Renault, Nissan and Renault Samsung models, by using a new engine family and adapting one that currently conforms to the Euro 4 standard.

Romania May Charge EUR3-4/100 Km For Traffic On Highways As Of 2011

17:20, 07 Iul. 2010
Motorists driving on Romanian highways may have to pay a toll as of next summer, in the amount of EUR3-4 per 100 kilometers, Transport Minister Radu Berceanu said Wednesday.

Romania Fin Ministry Updates Norms For Tax On Interest Income

16:30, 07 Iul. 2010
Romania’s Finance Ministry on Wednesday updated earlier announced norms for the freshly introduced 16% tax on earnings from deposit interests, allowing banks to tax only the income obtained after July 1.

Romania’s Standard Snacks Enters Insolvency

15:24, 07 Iul. 2010
The courthouse in Romania’s capital city Bucharest has recently approved the start of insolvency proceedings for snacks and chips maker and distributor Standard Snacks, at a creditor's request.

President Says Romania Unable To Improve Things For Future Flood Prevention, Relief

15:16, 07 Iul. 2010
Romanian President Traian Basescu on Wednesday said Romania has “no resources" to change things for the better and be ready to better cope with potential waves of floods in the future.

Most Romanians In Urban Areas Not Interested In Private Insurance – Report

15:00, 07 Iul. 2010
Around 80% of urban Romanians do not have private health, life or home insurance, and at least a fifth of this group have no plans to buy such insurance in the next five years, according to a study published by MEDIAFAX in the Financiar 2010 report.

Romania Jobless Rate Falls To 7.4% In June

14:25, 07 Iul. 2010
Romanian unemployment rate slightly fell to 7.44% in June, from 7.67% a month earlier, the country’s employment agency ANOFM said Wednesday.

WB: Romania 2nd Most Accessible State To Start Foreign Business Worldwide

14:07, 07 Iul. 2010
Romania is the second most accessible country worldwide to start up limited liability companies with foreign capital, the World Bank said in a report Wednesday.

Kraft Foods To Sell Cadbury Romania Business To Oryxa Capital

13:59, 07 Iul. 2010
Kraft Foods on Wednesday said it reached a deal to sell Cadbury's confectionery operations in Romania to international investment fund Oryxa Capital for an undisclosed amount.

Romanian Constitutional Court Dismisses Opposition Claim On Public Sector Wage Cuts

13:54, 07 Iul. 2010
Romania’s Constitutional Court Wednesday rejected the notification filed by opposition social democrats and liberals regarding the unconstitutionality of the austerity measure cutting state employees’ salaries by 25%.

Romanian CFR Calatori Seeks RON30M Credit Line

13:20, 07 Iul. 2010
Romanian state-owned railway company CFR Calatori seeks a 30 million lei (EUR1=RON4.2320) revolving credit line to refinance a loan and for working capital, the company announced.

Some 65% Of Romanians Believe They Will Be Worse Off Financially In 2011 – Poll

13:05, 07 Iul. 2010
Nearly 65% of Romanians believe their financial status will be worsening in the next 12 months, to a lesser or greater extent, whereas in 2009, only three in ten people estimated things would get worse , according to a survey by market company GfK.

Romanian Ctrl Bk, IMF To Analyze Foreign Bks’ Local Exposure On July 22

20:14, 06 Iul. 2010
The parent banks of Romania’s top nine lenders will meet on July 22 in Brussels with representatives of the International Monetary Fund, the European Commission and the country’s central bank for the fourth evaluation of the agreement sealed in March 2009, official sources told MEDIAFAX.

Romania To Make First Budget Revision For 2010 In July – PM

19:04, 06 Iul. 2010
Romania’s Prime Minister Emil Boc on Tuesday said this year’s first budget revision will be made in July.