English

Toyota Recalls 12,500 Cars In Romania Over Gas Pedals

15:39, 09 Feb. 2010
Japanese carmaker Toyota will recall 12,500 vehicles sold in Romania that might have defective gas pedals and will check them at the company’s expense, the carmaker’s local representative said Tuesday.

Romania Proprietatea Fund Increasingly Likely To Be Floated In ‘10 – Fin Min

15:38, 09 Feb. 2010
Romanian investment fund Fondul Proprietatea is “increasingly likely” to be floated on the Bucharest Stock Exchange this year, Finance Minister Sebastian Vladescu said Tuesday.

Romanian VAT Rate Could Increase To 20%-21% In 2010 – PwC

15:35, 09 Feb. 2010
Romanian authorities could increase the value added tax rate to 20% or even 21% in 2010 from 19% currently, an official of tax and advisory firm PricewaterhouseCoopers (PwC) said Tuesday.

Two Thirds Of Romanian Eggs Come From Battery-Raised Chickens

15:34, 09 Feb. 2010
Two thirds of eggs produced in Romania come from chickens raised in batteries with surfaces smaller than that of a sheet of A4 paper and often fed with genetically modified feed and synthetic vitamins, said Tuesday Gabriel Paun of animal protection organization Vier Pfoten.

Romanian Parliament Committee Thumbs Down Proposition On Journalists’ Statement Of Interests

14:00, 09 Feb. 2010
The Romanian Parliament's committee for legal matters rejected Tuesday democrat liberal senator Iulian Urban’s proposition according to which all journalists would have to submit a statement of interests.

Romania Agric Min: Over 400,000 People Liable To Sanctions For Unfarmed Lands

13:59, 09 Feb. 2010
Over 400,000 people holding more than 1.5 million hectares of unfarmed lands are likely to be sanctioned as of spring, Agriculture Ministry state secretary Adrian Radulescu told MEDIAFAX Tuesday.

Romanian Justice Min Not Optimistic About EC Interim Justice Report On Romania

13:17, 09 Feb. 2010
Romanian Justice Minister Catalin Predoiu said Tuesday he is not very optimistic about the European Commission’s interim report on Romania’s progress in the justice sector saying some reforms have stalled because of intense political turmoil in the country.

Romania Fin Min: People Holding Farming Lands In Vain Should Be Sanctioned

12:14, 09 Feb. 2010
Romania’s Finance Minister Sebastian Vladescu said Tuesday, at the opening bell of the Bucharest Stock Exchange, that people who own farming lands but don’t use them should be sanctioned.

Schools In Romanian Capital Open Wednesday After Two-Day Blizzard-Induced Vacation

12:01, 09 Feb. 2010
Schools and kindergartens in Romania’s capital Bucharest will open Wednesday after a two-day vacation prompted by fierce blizzards and heavy snowfall that swept the southern part of the country left dozens of roads impassable.

Romanian Education Unionists Call On Ministry To Issue Order Regulating Wage System

11:50, 09 Feb. 2010
The secretary general of the National Federation of Free Unions in Education (FSLI), Liviu Pop, on Tuesday said it is highly necessary to clear out salary issues in the education sector immediately, adding the federation has called on the Education Ministry to issue an order and regulate the matter.

Romanian Parliament Foreign Policy Committees Endorse Romania’s Ambassador To Moldova

11:14, 09 Feb. 2010
Romania’s foreign policy committees in Parliament endorsed Tuesday diplomat Marius Lazurca for the position of ambassador to the Republic of Moldova.

Romanian Car Maker Dacia Employees Announce Labor Conflict, Demand Higher Salaries

11:07, 09 Feb. 2010
Negotiations between the management and employees of Romanian carmaker Automobile Dacia have failed, so union leaders have announced a conflict of interest and presented their demands regarding the collective labor contract for 2010.

Romania 2009 Trade Gap Narrows To EUR9.74B VS EUR23.5B

10:01, 09 Feb. 2010
Romania’s trade deficit narrowed to EUR9.74 billion in 2009, from EUR23.51 billion a year earlier, with imports falling more rapidly than the exports, the National Statistics Institute said Tuesday.

Romanian Meteorologists Lift Code Yellow, Orange Weather Advisory

20:23, 08 Feb. 2010
Romanian meteorologists Monday evening lifted the code yellow and orange advisory for the southeastern part of the country, but warned that snowfall and gusty wind would continue for a few more hours.

EU Gives Romania Until 2012 To Correct Budget Gap

16:20, 08 Feb. 2010
The European Commission on Monday recommended Romania be given until 2012 to bring its budget deficit down to 3% of the gross domestic product, in light of the country’s “effective” corrective measures taken so far.

Romanian National Railway Co To Auction Off RON2.06M Gara De Nord Sanitation Contract

15:40, 08 Feb. 2010
Romanian national railroad company CFR SA will organize at the end of March an auction for sanitation services in Bucharest’s Gara de Nord train station, in a two-year contract worth an estimated 2.068 million lei (EUR1=RON4.1325), net of VAT, the company said in a press release Monday.

Romanian Public Administration Unions Suspend Strike As Labor Ministry Gives In To Demands

15:19, 08 Feb. 2010
The Romanian National Federation of Public Administration Unions (FNSA) announced Monday it would suspend the general strike planned for Friday, as well as Tuesday pickets, after the Labor Ministry said all of the terms provided by collective labor contracts would be respected.

Romania To Exempt Cos Hiring Jobless People From Paying Social Security

14:15, 08 Feb. 2010
Romanian Prime Minister Emil Boc said Monday the Government is set to issue a normative act by the end of the month temporarily exempting companies hiring unemployed people from paying social security.

Romania Ctrl Bk Pumps RON3B Into Market In One-Week Repo

13:26, 08 Feb. 2010
Romania’s central bank on Monday injected 3.09 billion lei (EUR1=RON4.1325) into the monetary market in a one-week repurchase agreement operation, at an annual yield of 7%, equal to the key monetary policy rate.

Romania’s Jan Unemployment At 8.1%, Highest In 7 Years

13:10, 08 Feb. 2010
Romania’s unemployment rose for the 18th consecutive month in January, and the jobless rate reached an almost seven-year high at 8.1%, official data showed Monday.

Romania’s Natural Gas Consumption Fell 15% In 2009

12:54, 08 Feb. 2010
Natural gas consumption in Romania dropped last year by 15%, to 140 million MWh (13.2 billion cubic meters), according to data released Monday by the country's energy watchdog ANRE.

Romania, IMF Loan Agreement Could Be Switched To Precautionary – Fin Min

12:53, 08 Feb. 2010
Romania’s standby arrangement with the International Monetary Fund could be changed into a “precautionary” agreement after the fund’s new review mission in May, provided the local economy shows real signs of recovery, Finance Minister Sebastian Vladescu said Monday.

Romanian Bks Assoc Head: 2-3% Hike In ’10 Pvt Lending Would Be Good After ’09 Decline

18:01, 07 Feb. 2010
Romanian private lending was on downward trend in 2009 and an increase of 2% up to 3% in 2010 would be good news, the Romanian Banking Association ARB president Radu Ghetea told MEDIAFAX.

Romania Drawn With France, Bosnia, Belarus, Albania, Luxembourg In Euro 2012 Group

15:53, 07 Feb. 2010
Romania will face France, Bosnia-Herzegovina, Belarus, Albania and Luxembourg in the qualifying competition for the Euro 2012 championship after having been drawn together in Group D on Sunday’s Euro 2012 draw in Warsaw, Poland.

Kindergartens, Schools In Capital Bucharest, 11 Counties Closed Monday Over Frosty Weather

14:33, 07 Feb. 2010
Romania’s Prime Minister Emil Boc on Sunday said classes will be suspended Monday in kindergartens and schools in capital city Bucharest and eleven counties countrywide, due to frosty weather and blizzards.

Romania’s Hungarian Minority Party Designates Gombos Csaba To Run Airliner Tarom

13:43, 07 Feb. 2010
The leaders of the Democratic Union of Hungarians in Romania (UDMR) have designated Gombos Csaba for the position of general manager of state-owned airliner Tarom, the party said in a press release Sunday.

Nine People In W Romania End Up In Hospital After Return From Church

20:58, 06 Feb. 2010
Nine people were taken to the local hospitals in Timisoara, western Romania, on Saturday afternoon, after having passed out soon as they got back from church to the boarding house where they were staying.

Romanian Minister: Tax Evasion Widespread In Tourism Sector

16:04, 06 Feb. 2010
Romania’s Regional Development and Tourism Minister Elena Udrea on Saturday said tax evasion is widespread in the country’s tourism sector, especially in the agritourism and food businesses.

Romanian Justice Minister Pushes For Transparency In Integrity Agency’s Activity

15:09, 06 Feb. 2010
Romania's Justice Minister Catalin Predoiu on Saturday said the National Integrity Agency, which screens politicians' wealth and interest statements, must display perfect integrity and transparency in its activity and its representatives ought to account for their actions and clear any ambiguities.

Southern Romania Weather Advisory Upgraded To Code Orange

13:48, 06 Feb. 2010
Romanian meteorologists on Saturday issued a code orange weather advisory forecasting heavy snowfall and gusty wind in Bucharest and thirteen counties Saturday through Monday morning.

Romanian Leu’s Reasonable Volatility Good For Economy – Ctrl Bker

15:32, 05 Feb. 2010
A "reasonable volatility" of the Romanian leu’s exchange rate is beneficial for the economy, because big fluctuations usually reflect on higher prices, central bank governor Mugur Isarescu said Friday.

Romanian Crina Popescu Holds World Record For Youngest Alpinist On Carstensz Pyramid Peak

15:26, 05 Feb. 2010
Romanian Crina Popescu a.k.a Coco, 15, has become the youngest mountain climber in the world to climb the Carstensz Pyramid peak (4,884 meters) in Indonesia, Montan Altitudine Sport Club said in a press release.

Romania Set To Limit Sale Of Cigarettes, Alcoholic Drinks In Duty-Free Shops – Sources

15:12, 05 Feb. 2010
Romania’s government decided Friday to empower competent ministries to start drafting the normative act meant to limit the sale of cigarettes and alcoholic drinks in duty-free shops, in a move to fight illicit trade, people close to talks said Friday.

RCS & RDS Plans To Issue $200M 7-Yr Bonds – S&P

14:33, 05 Feb. 2010
Romania-based telecom provider RCS & RDS plans to sell $200 million worth of 7-year bonds, Friday said Standard & Poor's, which assign the proposed issue the 'B+' rating.

Romania Ctrl Bk Head Says 5.9% Of GDP Budget Gap ‘Reasonable’

14:26, 05 Feb. 2010
Aiming at a budget deficit of 5.9% of the gross domestic product for 2010 is “reasonable” given the current economic conditions and it’s a key-element for Romania’s program with the International Monetary Fund and the European Commission, central bank governor Mugur Isarescu said Friday.

Bucharest Court Of Appeals Rules Conservative Voiculescu Secret Police Collaborator

14:18, 05 Feb. 2010
The Bucharest Court of Appeals ruled Friday that former leader of the Conservative Party Dan Voiculescu collaborated with the Secret Police (Securitate) during the communist regime.

Romania’s 2010 Inflation To Peak In January – Ctrl Bker

13:36, 05 Feb. 2010
Romania will post the highest inflation rate this year in January, when it is possible it will be slightly above the December 2009 level, central bank deputy governor Cristian Popa said Friday.

Romania Resumes Clunkers Program For Individuals, Cos As Of Feb 20, 2010

13:34, 05 Feb. 2010
Romanian private individuals and companies can scrap their old cars and get a scrap bonus from the Government to buy new ones as of February 20, 2010 when Romania resumes its clunkers program, Prime Minister Emil Boc said Friday.

Romanian Govt Postpones Talk On Mandatory Energy Certification For Buildings

13:22, 05 Feb. 2010
The Romanian Government has postponed talks on making energy certification for buildings mandatory as of March, saying procedures to apply the new system are not clear enough and the country lacks a sufficient number of energy auditors, people close to the matter told MEDIASFAX Friday.

Romania Ctrl Bk To Keep Monetary Policy Decisions ‘Prudent’

13:18, 05 Feb. 2010
Romanian central bank will maintain a prudent monetary stance, factoring in the market’s response to the policy decisions, central bank governor Mugur Isarescu said Friday.