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Romania Leu Slips Vs Euro, Exch Rate Hits 11-Wk Low At 4.1425

13:25, 13 Apr. 2010
Romania’s leu edged lower against the euro in mid trade Tuesday and the central bank’s reference slid 0.3% on the day to an 11-week low at 4.1425 units.

Romania, Georgia, Azerbaijan Sign LNG Transit MoU

11:11, 13 Apr. 2010
Romania, Georgia and Azerbaijan signed Tuesday, in Bucharest, a gas transport memorandum of understanding, through the Azerbaijan Georgia Romania Interconnection (AGRI) project, that includes the construction of liquefied natural gas (LNG) terminals and that might be developed sooner than Nabucco.

Romania Jan-Feb FDI Plunges 64.8% YY To EUR466M

10:58, 13 Apr. 2010
Romanian foreign direct investment, or FDI, fell 64.8% on the year to EUR466 million in January-February, from EUR1.32 billion in the same period a year earlier, the central bank said Tuesday.

Romania Jan-Feb Curr Acct Gap Widens 64.3% To EUR754M

10:50, 13 Apr. 2010
Romania's current account deficit widened 64.3% to EUR754 million in January-February, from EUR459 million the year-earlier period, due to the falling surplus in the current transfers balance, the central bank said in a statement Tuesday.

Romanian President May Use Executive Power To Revise Constitution

10:48, 13 Apr. 2010
Romanian President Traian Basescu said Monday evening, on B1TV, that he has asked parliamentary parties to implement the result of the 2009 referendum, but that he intends to start the Constitution revision process through the executive branch.

Romania Isn’t Deploying More Troops In Afghanistan To Make Nice With U.S. – President

10:43, 13 Apr. 2010
Romania will send more troops to Afghanistan to help protect its already deployed troops and not to “make nice” with Washington, Romanian President Traian Basescu said Monday evening on B1TV.

Romanian Rompetrol Hikes Pump Prices By Up To RON0.04/Liter

10:34, 13 Apr. 2010
Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, rose Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1=RON4.1305) and RON0.03 per liter, respectively.

Romanian President, Government To Discuss Public Sector Layoffs Next Week

10:08, 13 Apr. 2010
Romanian President Traian Basescu said Monday evening, on B1TV, that he will summon the Government to the Presidency headquarters next week to discuss public sector layoffs and funding for infrastructure projects.

Romanian Businessmen, Supreme Court Judge To Be Investigated At Large

09:30, 13 Apr. 2010
Romanian judge Florin Costiniu, and businessmen Costel Casuneanu and Marius Locic will be released from custody, after the High Court of Justice approved their appeal to be investigated at large over charges of corruption, in the corruption case involving senator Catalin Voicu.

Romania Lower Chamber Headship Oks Setup Of Sub-Commission On Human Dignity

20:52, 12 Apr. 2010
Romania’s Chamber of Deputies headship on Monday approved the setting up of a sub-commission on human dignity that will keep charge of legislative propositions meant to enhance observance of human rights and will tackle problems regarding the observance of civil rights.

Romanian Senate Rejects Opposition’s Motion Against Transport Minister

19:48, 12 Apr. 2010
Romania’s Senate Monday rejected 65 to 47 votes and one abstention the opposition Social Democratic Party’s simple motion against Transport Minister Radu Berceanu.

TUI Nordic Officials To Evaluate Romanian Seaside Potential End-May

19:30, 12 Apr. 2010
Officials of Scandinavian tour operator TUI Nordic, subsidiary of German Group TUI, will visit the Romanian Black Sea Coast at the end of May to discuss with Romanian officials the possibility of resuming operations on the local tourism market as of 2011, TUI Romania general manager Tim Grosse said.

Romania To Receive RON198M In EU Non-Reimbursable Funds For Tourism Investments

15:20, 12 Apr. 2010
Romania’s Agency for Rural Development and Fishing APDRP will contract 269 tourism investment projects, which were shortlisted for funding via the National Rural Development Plan and will receive European Union non-reimbursable funds of 198 million lei (EUR1=RON4.1305).

Romanian President Calls On Public Institutions To Use Electronic Auction Systems

13:51, 12 Apr. 2010
Romanian President Traian Basescu Monday called on public institutions to use the electronic auction system, adding he will closely monitor the increase in the number of electronic auctions, as there are many institutions which avoid using the system.

Romanian Senator Arrested For Graft Stays In Custody

13:10, 12 Apr. 2010
Romanian social democrat Senator Catalin Voicu, arrested for corruption late March, stays in custody after the Supreme Court denied his request for parole Monday.

Romanian Govt Passes Bill Fighting Transport Piracy

10:20, 12 Apr. 2010
Romania’s Government approved Monday an emergency decree fighting piracy in road transpiration, a bill demanded by transporters’ union COTAR, people close to the matter told MEDIAFAX.

Romania’s Mar CPI + 0.2% On Mo, +4.2% On Yr

10:01, 12 Apr. 2010
Romanian consumer prices rose in March at the same pace as the month before, restrained by cheaper costs for energy, tobacco and services, while the annual inflation narrowed to 4.2%, the National Statistics Institute said Monday.

Romanian Govt Approves Draft Education Law

09:39, 12 Apr. 2010
The Romanian Government approved in a meeting Monday the country's new education bill, which it will send to Parliament for urgent debates and approval, people close to the matter told MEDIAFAX.

Romanian Govt To Urge Parliament To Debate On Draft Education Law With Urgency

09:23, 12 Apr. 2010
The Romanian Government will urge the Parliament to debate the draft education law with urgency and adopt it by the end of its current session, Romanian Prime Minister Emil Boc said Monday, at the beginning of a Government meeting.

Romania High Court To Rule On Senator’s Request For Court Supervised Release Monday

20:39, 11 Apr. 2010
Romania’s Supreme Court will rule Monday on the request of social democrat senator Catalin Voicu, arrested for 30 days on corruption charges, to be released temporarily under court supervision.

A New Romania-IMF Agreement Can Ease Financing On Private Mkt – IMF Official

19:18, 11 Apr. 2010
A new agreement between Romania and the IMF can ease financing on the private market, even if Romania does not use the funds available under the agreement, as this will show investors that the state is on the right path, said Jeffrey Franks, head of the IMF mission to Romania.

Romania’s Public Sector Adjustment Takes Longer In Democracy, But Will Be Achieved – IMF Official

17:41, 11 Apr. 2010
Romania’s public sector adjustment takes longer, as talks and debates require time in a democratic regime, but it shall be achieved, said Jeffrey Franks, head of the IMF mission to Romania.

Romanian Social Democrats, Far-Rightists Sign Collaboration Protocol For Bucharest Council

16:23, 11 Apr. 2010
Marian Vanghelie and Codrin Stefanescu, heads of the Bucharest branches of the opposition Social Democratic Party PSD and the far-right Greater Romania Party PRM, respectively, on Sunday signed a protocol targeting a political partnership in the Bucharest General Council.

Romanian Seaside Tourists Rejoice Low-Cost Program „One Week By The Sea”

15:14, 11 Apr. 2010
Tourists wishing to spend their vacation on the Romanian seaside, between May 3 and June 15, will pay prices ranging from 159 lei (EUR1=RON4.1308) to RON399 for six-night accommodation, via the low-cost program “One week by the sea," launched by the Romanian Tourism Employers Federation, or FPTR.

Romanian Postal Union Federation Wins RON11M Lawsuit Against Country’s Tax Authority

14:08, 11 Apr. 2010
Romania’s union federation representing workers in the postal and communications sector has won the lawsuit against the country’s tax authority ANAF which claimed the additional payment of nearly 10 million lei (EUR1=RON4.1308) in profit tax, with delay penalties included.

Romania Joins Mourning of Polish President’s Death – President Traian Basescu

17:45, 10 Apr. 2010
Romanian President Traian Basescu in a statement Saturday said the Romanian people and himself “join the mourning” of Polish President Lech Kaczynski and other Polish senior government officials killed in a plane crash in Russia earlier Saturday.

Romanian Social Democrat Head Deems Kaczynski’s Death Great Loss For Poland And EU

16:30, 10 Apr. 2010
Romania’s opposition social democrat leader Victor Ponta on Saturday said the "death of Polish President Lech Kaczynski is a great loss not only for Poland, but also for the European Union."

Polish Ambassador: Romanian President Personally Expressed His Sorrow At Kaczynski’s Death

15:52, 10 Apr. 2010
Poland’s Ambassador to Romania, Wojciech Zajaczkowski, on Saturday said he is deeply moved by Romanians’ reaction to the tragic death of Polish President Lech Kaczynski and stressed that Romanian President Traian Basescu "personally expressed his deep sorrow."

Fmr Romanian President Expresses Deep Condolences At Polish President’s Death

14:41, 10 Apr. 2010
Former Romanian President Ion Iliescu on Saturday expressed his deep condolences to the Polish people and the family of Polish President Lech Kaczynski who was killed in a plane crash in Russia early Saturday.

Romanian Businessmen, Supreme Court Judge Arrested For 29 Days On Corruption Charges

11:36, 10 Apr. 2010
Romania’s Supreme Court Friday night ruled to place businessmen Marius Locic and Costel Casuneanu and Supreme Court civil department chief Florin Costiniu under preventive arrest for 29 days on corruption charges.

Romanian Fmr Envoy Ionescu Cannot Be Extradited To Singapore – Justice Ministry

21:34, 09 Apr. 2010
The Romanian Justice Ministry told Interpol Romania that former Romanian envoy to Singapore Silviu Ionescu, blamed for a fatal hit-and-run accident in Bukit Panjang, cannot be placed under provisional arrest to be extradited to Singapore.

Romanian GDP Seen Growing 1% In H2 – IMF

16:14, 09 Apr. 2010
Romanian economy is likely to grow by 1% in the second half of the year, but a full recovery will take time, said Jeffrey Franks, head of the International Monetary Fund’s mission to Romania.

Romania Sends Experts To Singapore To Study Evidence Against Fmr Romanian Envoy

16:01, 09 Apr. 2010
Romania will send representatives to Singapore to study the evidence that has come up against former Romanian envoy to Singapore blamed for a fatal hit-and-run accident in Bukit Panjang, The Straits Times reported Friday.

Romania, Moldova To Sign Treaty On Border Statute, Collaboration On Border Issues

14:51, 09 Apr. 2010
Romania and the Republic of Moldova will sign a treaty regarding border statute, mutual support and collaboration on border issues, said Igor Corman, president of the Commission for Foreign Policy and European Integration of the Moldovan Parliament, cited by Moldpres on its website.

Romania Annual Inflation Seen Easing To 4.1% In March

13:46, 09 Apr. 2010
Romanian annual inflation is expected to narrow to 4.1%-4.3% in March from 4.5% a month earlier, due to a firmer leu against the euro, but rising drug prices could reverse the trend in April, analysts said Friday.

Romanian PM Confident Parliament Will Adopt Pension Law By June

13:42, 09 Apr. 2010
Romanian Prime Minister Emil Boc said Friday he is confident the draft pension law will be adopted during the current parliament session, adding opposition parties are against the reformation of the pension system.

Romanian Lump Sum Tax Might Reach 28% Of Firms’ Revenue – SMEs Council

13:14, 09 Apr. 2010
The lump sum tax Romania plans to levy in 2011 on certain businesses will top, in some cases, the current flat profit tax of 16% and will reach 28% of a company’s gross revenue, if the calculation formula proposed by the Finance Ministry is kept, officials of the Council for SMEs said Friday.

Romania Keeps Singapore Updated On Steps Taken In Criminal Case Of Fmr Envoy Ionescu – FM

11:17, 09 Apr. 2010
Romania’s ambassador to Singapore Aurelian Neagu informed Singapore’s Foreign Ministry of the steps taken by the Romanian authorities for a lawful investigation of former Romanian envoy to Singapore Silviu Ionescu blamed for a hit-and-run accident in December, Romania’s Foreign Ministry said Friday.

Romania Jan-Feb Trade Gap Narrows To EUR1.02B

10:01, 09 Apr. 2010
Romania’s trade deficit narrowed to EUR1.02 billion in January-February, from EUR1.55 billion in the same period the year earlier, the National Statistics Institute said Friday.

Romania’s Supreme Court Puts Off Ruling On Prosecutors’ Arrest Proposals In Graft Case

21:10, 08 Apr. 2010
Romania’s High Court of Justice postponed until Friday its ruling on anticorruption prosecutors' proposal to place under arrest High Court of Justice civil department chief Florin Costiniu and businessmen Marius Locic and Costel Casuneanu, all three investigated in a corruption file.