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Romania’s Economy Might Fall 0.5%-1% In 2010 – Analyst

11:46, 28 Apr. 2010
Romania’s economy could see a contraction this year too since a series of macroeconomic measures have yet to be applied, said Wednesday Radu Craciun, investment manager with private pension fund Eureko Pensii Private.

Romania Ups Clunkers Program Budget To Issue 50,000 Extra Scrapping Vouchers

10:05, 28 Apr. 2010
Romania’s Government on Wednesday supplemented the budget for the country’s clunkers program and will issue 50,000 additional scrapping vouchers.

Romania Integrity Agency Law Under Debate In Chamber Of Deputies Wednesday

19:16, 27 Apr. 2010
The new draft law regulating the activity of the National Integrity Agency (ANI), which was approved by the Romanian Government in its meeting Monday, will be under debate in the Chamber of Deputies’ plenary meeting on Wednesday, Chamber’s democrat liberal secretary Dumitru Pardau said Tuesday.

Romania To Consider Lowering Visa Money Requirement For Moldovan Citizens

17:16, 27 Apr. 2010
Romanian President Traian Basescu said Tuesday that the government will consider lowering the amount of money citizens of the Republic of Moldova are required to have before receiving a visa for Romania.

Most Foreign Tourists Considering Romanian Vacation Expect Country To Be Unsafe

17:08, 27 Apr. 2010
Most foreign tourists who would consider spending a holiday in Romania for the first time think the country is unsafe, said research conducted by the THR Company and issued Tuesday.

Romania To Amend Public Procurement Legislation To Speed Up Procedures, Hinder Abusive Challenges

17:04, 27 Apr. 2010
Romania has amended its public procurement legislation banning bidders from challenging auctions until the procedure is finished and shortening settlement terms to ten days from the previous 20.

Romania Fin Min: IMF Forecast On ’10 GDP Growth May Be Optimistic

16:46, 27 Apr. 2010
The International Monetary Fund’s latest forecast on Romania’s economic growth of 0.8% this year, recently revised down from 1.3%, may be too optimistic, the country's Finance Minister Sebastian Vladescu said Tuesday.

Romanian Senator Serban Mihailescu Indicted On Graft Charges

16:40, 27 Apr. 2010
Romanian anticorruption prosecutors indicted senator Petru Serban Mihailescu, former coordinating minister with the Government’ Secretariat General, on charges of receiving illicit gains and breaching the country’s arms and ammunition legislation.

Ford Romania To Become Export Center For Europe In 2018

16:32, 27 Apr. 2010
Ford Romania will become Ford Motor Co.'s export center for Europe in 2018, or even sooner, in 2016, and the local auto market will sell 500,000 cars annually, Ford Romania’s National Sales Company managing director Paul Flanagan said Tuesday.

Romania’s Law On Stray Dogs To Be Amended, Euthanasia Allowed

16:08, 27 Apr. 2010
The prefect of Romanian capital Bucharest, Mihai Atanasoaei, said Tuesday that a draft law on stray dogs has been sent to the Chamber of Deputies and the amendments include the euthanizing of dogs that are aggressive, gravely ill or that are not adopted within seven days.

EXCLUSIVE: Romanian Social Democrats To Give Discount Cards To New Members On Youth Day

15:36, 27 Apr. 2010
Romania’s leftist opposition party leader Victor Ponta will offer discount cards to new members of the Social Democratic Party (PSD), on May 2, when Romania celebrates youth day, people close to the matter told MEDIAFAX Tuesday.

Romania Ranked Fourth Globally By Internet Connection Speed For Q4, 2009

14:48, 27 Apr. 2010
Romania ranked fourth globally by average Internet connection speed for the final quarter of 2009, which edged up to 7.2 MBps, 28% faster than in the final quarter of 2008, says the “State of the Internet Report” published Tuesday by digital platform company Akamai.

Romanian Branch Of Swiss Media Group Ringier Reports RON57.6M Loss In 2009

14:46, 27 Apr. 2010
The Romanian branch of the Ringier publishing group reported a turnover of RON124.3 million for 2009, down by 27.6% on the year, with an overall loss of RON57.6 million, Ringier heads told a press conference Tuesday.

New Romanian Leftist Party To Be Launched On May 1, In Bucharest

14:34, 27 Apr. 2010
Romania’s newly-created leftist party, National Union for the Progress of Romania (UNPR), will be launched officially on May 1 in the Revolution Square in capital Bucharest, party members told MEDIAFAX Tuesday.

Romania To Ask IMF For Third Waiver On Govt Arrears – Sources

14:05, 27 Apr. 2010
Romania’s Government is planning to ask the International Monetary Fund for a new waiver of non-observance pertaining to the first-quarter performance criteria in the sector of general government arrears, government sources said Tuesday.

Romanian Carmaker Dacia To Boost Duster Production To 460 Units/Day Until End-2010

13:55, 27 Apr. 2010
Romanian carmaker Automobile Dacia, owned by France’s Renault, plans to increase the production of its first SUV, Dacia Duster, to 460 units per day until the end of the year, from its current output of 260 units per day.

Romania Could Have A Third Carmaker, Besides Renault, Ford

13:21, 27 Apr. 2010
Romania has potential, from all points of view, to attract a third carmaker, and there are prospects for a new auto industry investor to set up business in the country, Constantin Stroe, head of Romania’s carmakers association ACAROM, said Tuesday.

Romanian Air Traffic Administration Employees To Be Insured For EUR1M

12:59, 27 Apr. 2010
The Romanian Air Traffic Services Administration, or ROMATSA, will hold an auction on June 10 to acquire employee insurance policies covering loss of license, certificate, or pilot’s license, with estimated premiums of EUR 800,000-1,000,000, according to the terms of supply published Tuesday.

Romanian Police Officer Arrested For Drug Trafficking

12:51, 27 Apr. 2010
Romanian organized crime prosecutors Tuesday arrested a police officer in capital Bucharest for illegal drug trade, after he had also been convicted for theft, said Bucharest Police spokesman Christian Ciocan.

UK Firms Don’t Invest In Romanian Infrastructure Over Difficulty In Getting Paid

12:45, 27 Apr. 2010
British companies don’t invest in Romanian road infrastructure because it’s often difficult for them to get paid for the work they do, the Lord Mayor of the City of London, Nick Anstee, said Tuesday in Bucharest.

Romania’s Govt To Announce By June If Car Pollution Tax Will Be Modified

12:43, 27 Apr. 2010
Romania’s Government will announce by the end of June whether the car pollution tax will be modified and what the modification entails, Government representatives said Tuesday at the Mediafax Talks about Auto Industry conference.

Romanian Workforce, Property Still Cheap, Investors Stand To Gain – PM

12:13, 27 Apr. 2010
Romania’s workforce and property are still affordable, compared to other EU member states, and businesspeople who choose to invest in Romania now stand to gain at the end of the recession and the financial crisis, Prime Minister Emil Boc said Tuesday.

Romanian Carmaker Dacia Q1 Exports At 80,000 Cars, France Tops Germany As Main Export Market

12:03, 27 Apr. 2010
Romanian carmaker Dacia, owned by France’s Renault, exported nearly 80,000 cars in the first quarter of the year, and the main export market was France, which overtook the Romanian carmaker’s biggest export market of last year, Germany, Dacia CEO Jerome Olive said Tuesday.

Romania New Cars Sales Growth Second In EU Under Clunkers Programs

11:02, 27 Apr. 2010
Romania ranks second in the European Union by new car sales this year, overtaken only by the UK, Romanian Environment Minister Laszlo Borbely said Tuesday at the Mediafax Talks about Auto Industry conference in Bucharest.

Romania’s Government To Continue Supporting Auto Industry Through Clunkers Program, Guarantees

10:54, 27 Apr. 2010
The Romanian Government will continue to support the country’s auto industry in 2010, both through the clunkers program and by granting Government guarantees and state aid, Prime Minister Emil Boc said Tuesday at the Mediafax Talks about Auto Industry conference.

Ford Romania Starts Making Transit Connect In Romanian Factory

10:00, 27 Apr. 2010
Ford Romania started Monday production of the Ford Transit Connect in its plant in Craiova, southern Romania, board member Nadia Crisan told MEDIAFAX.

Romanian High Court Judge Panel Rules Graft-Charged Senator To Remain Under Arrest

09:58, 27 Apr. 2010
The Romanian High Court panel of nine judges overruled Monday evening the appeal made by social democrat senator Catalin Voicu to the decision of the Court to extend his preventive arrest by 30 days.

Romanian Govt To Assess Functioning Standards In Hospitals Countrywide – PM

09:52, 27 Apr. 2010
Romanian Prime Minister Emil Boc said Monday evening the Government will assess the situation of hospitals countrywide, adding healthcare units that do not meet specific functioning standards will eventually be transformed in shelters for the elderly.

Romania’s President Pushes For Quick Adoption Of Integrity Agency Law

20:26, 26 Apr. 2010
Romanian President Traian Basescu Monday called on the country’s Government parties to ensure majority in Parliament to adopt the new draft law regulating the activity of the National Integrity Agency (ANI).

Romanian Prosecutor, Fiscal Regulator To Act On Integrity Agency Report – Draft Law

19:03, 26 Apr. 2010
Romania’s National Integrity Agency (ANI) will transmit its reports on the wealth of dignitaries to the Prosecutor’s Office or National Fiscal Administration Agency (ANAF), who are compelled to act on the data received, according to a law adopted Monday by the Government.

Romania’s Integrity Agency To Continue Screening Public Officials’ Wealth Statements – Draft Law

19:02, 26 Apr. 2010
Romania’s Government approved Monday a draft law whereby the National Integrity Agency (ANI) is allowed to screen public officials’ wealth and interest statements, including classified data.

Romanian Legislation On Small Agricultural Producers Unchanged – Agric Ministry

17:37, 26 Apr. 2010
Romanian small agricultural producers may continue to sell their stock in markets, as long as they hold producers’ certificates, and occasional sellers of produce will be exempt from the requirement to own electronic cash registers, the Agriculture Ministry said in a press release Monday.

Romanian Boxing Champion Wants To Fight Next Match In Home Country

16:33, 26 Apr. 2010
Romanian IBF boxing champion Lucian Bute told a press conference Monday that he wants to fight his next match in Romania.

Pathogen Reveals Unsuitable Treatment Conditions At CF2 Hospital – Romanian Health Ministry

16:08, 26 Apr. 2010
Romania’s Health Ministry said Monday that the pathogen Burkholderia cepacia was found in the blood of one of the patients rushed to intensive care Tuesday night, revealing the “unsuitable conditions” under which she received treatment at Bucharest’s CF 2 hospital.

Romanian Regional Development Minister Hopes To Sell 22,000 ANL Homes In 2010

15:11, 26 Apr. 2010
Romanian Regional Development Minister Elena Udrea said Monday the ministry hopes to sell this year about 22,000 homes built within the National Housing Agency (ANL) program.

Romanian Unionists Set To Protest In May When Lawmakers Hold Vote On Pension Bill

15:08, 26 Apr. 2010
Romanian unionists affiliated to union federation Cartel Alfa will protest outside the Parliament building for two consecutive days in the first half of May, the exact days when the Chamber of Deputies holds a vote on the country’s new unitary pension law.

Citi: Romania Could Miss 2010 Budget Gap Target

14:31, 26 Apr. 2010
Romania's “bleak” growth prospects for 2010 could make it difficult for the government to stick to its budget deficit target of 5.9% of the gross domestic product, but potential problems are unlikely to occur until later in the year, Citigroup said in a report.

Romania’s Army Close To “Default” Due To Insufficient Money – Defense Minister

13:59, 26 Apr. 2010
Romanian Defense Minister Gabriel Oprea said Monday the Romanian Army is close to “impairment”, as the budget allotted to the ministry for 2010 is insufficient, adding that, nevertheless, efforts are made to accomplish internal missions and carry out military operations abroad.

Romanian Competition Auth Looks Into National Pwr Cos Adequacy

13:53, 26 Apr. 2010
The Romanian Competition Council initiated an investigation on the creation of the two national power companies, Electra and Hidroenergetica, to evaluate the impact of this operation on the markets involved.

Romanian Economy To Grow 0.5% At The Most In 2010 – Analysts

13:43, 26 Apr. 2010
Romanian economy is not likely to grow by more than 0.5% in 2010 given the major declines in industry, constructions and retail sectors, as well as the raising unemployment, analysts said Monday.