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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.

Romania’s PM Calls For Laws To Stop “Ghost” Firms, Share Transfer To Indebted Firms

13:11, 05 Feb. 2010
Romania’s Government said it will sanction people who transfer shares to firms that have debts to deceased people, people with disabilities or foreign citizens outside the EU.

Southern Romania Under Weather Advisory For Gusty Wind, Snow Until Monday

13:06, 05 Feb. 2010
Romanian weather authorities issued Friday a yellow code advisory forecasting snow and gusty wind throughout the southern half of the country Saturday through Monday morning.

Romanian Govt Allows Employers To Put Employees On Furlough For 3 Months This Year

12:35, 05 Feb. 2010
Romania’s Government on Friday passed an emergency decree allowing companies to put employees on furlough for three months instead of slashing jobs, Prime Minister Emil Boc said.

Private Lending To Grow Gradually In 2010 – Romanian Ctrl Bker

12:18, 05 Feb. 2010
Romanian private lending is bound to return to growth in the following period, but there will be no jump-starting of the sector, central bank governor Mugur Isarescu said Friday.

Romania’s Ctrl Bk Ups ’10 Inflation Forecast At 3.5%

12:05, 05 Feb. 2010
Romania's central bank raised its forecast on 2010 inflation to 3.5%, from the previous 2.6%, central bank governor Mugur Isarescu told a news conference Friday.

Romanian Subway Unionists Threaten To Resume Strikes Over Collective Work Contract, Wages

11:52, 05 Feb. 2010
Unionists with Romanian state-owned subway company Metrorex have threatened to call work conflict within a week unless management starts negotiations for a new collective work contract and raises wages by 3.7%.

Romania’s PM Urges Health Min To Ban Psychedelic Plant Consumption, Regardless Of EC Approval

11:45, 05 Feb. 2010
Romania’s Prime Minister Emil Boc urged the health minister Friday to urgently complete a normative act banning the consumption of psychedelic plants, irrespective of the approval of the European Commission concerning the matter.

Romania’s Fmr Fin Min Denies Incompatibility With Public Office

11:09, 05 Feb. 2010
Romania’s former finance minister Gheorghe Pogea said Friday he was never incompatible with public office as he resigned his management position when appointed minister but the Trade Registry probably took too long to register the change.

Romania Integrity Agency Finds Fmr Finance Minister Was Incompatible With Public Office

10:39, 05 Feb. 2010
Romania’s National Integrity Agency, which screens politicians’ wealth and interest statements, said Friday former Finance Minister Gheorghe Pogea was incompatible with public office for two months because of his ownership in a commercial company.

NW Romania Employment Agency Mulls Suing U.S. Builder Bechtel Over Illegal Massive Layoffs

18:15, 04 Feb. 2010
The employment agency in Cluj, northwestern Romania, is considering suing U.S. Bechtel, the company building Romania’s Transylvania highway, arguing the company's massive layoff proceedings breach all valid regulations.

Romanian Insurers Owe EUR300M To Auto Repair Shops

17:52, 04 Feb. 2010
The delayed payments owed by Romanian insurers to auto repair shops currently cumulate EUR300 million, with an average debt of EUR100,000 per company, said Thursday Cristian Muntean, a manager of independent auto repair shop association ASSAI.

Romanian Public Radio Plans Expansion Into Moldova

16:52, 04 Feb. 2010
Romania’s public radio SRR wants to expand to the Republic of Moldova, where a large part of the population is ethnic Romanian.

Fitch Revises Outlook On 4 Romanian Banks Following Sovereign Action

16:43, 04 Feb. 2010
Fitch Ratings on Thursday revised four Romanian banks' outlooks to stable from negative following the similar action on Romania's sovereign rating earlier this week.

Romania To Get Loan With State Guarantee For Transylvania Highway Construction

16:09, 04 Feb. 2010
Construction works in 2010 on Romania’s Transylvania highway, linking central Brasov to western Bors on the border with Hungary, will be funded from a state-guaranteed loan, Transport Ministry state secretary Constantin Dascalu said Thursday.

Romania Could Make Energy Certificates For Buildings Mandatory As Of March

16:00, 04 Feb. 2010
Romanian could make energy certification for buildings mandatory as of March if the government approves the Development’s Ministry’s emergency decree regulating it, the ministry said Thursday.

Romania’s Tobacco Excise Revenue Up 31.5% In 2009

15:38, 04 Feb. 2010
Excises on tobacco brought revenues of 5.09 billion lei (EUR1=RON4.1214) to Romania’s state budget in 2009, 31.5% higher on the year, the head of the tax authority ANAF told MEDIAFAX.

U.S. Antimissile System Operational In Romania As Of 2015

15:30, 04 Feb. 2010
Romanian President Traian Basescu said Thursday the U.S. antimissile defense system, to which the country has agreed to participate, will be up and running in Romania starting 2015.

Romania Accepts U.S. Request To Participate In Antimissile Plan – President

14:45, 04 Feb. 2010
Romanian President Traian Basescu said Thursday the country’s High Defense Council has accepted a proposition of U.S. President Barack Obama, who has invited the country, a NATO and EU member, to participate in the development of the United States’ antimissile plan and host components on its territory.

Sun Plaza Shopping Mall In Bucharest To Open On Feb 25 After EUR200M Invest

14:33, 04 Feb. 2010
Sun Plaza shopping mall in Romania’s capital city Bucharest will be opened on February 25, following a EUR200 million investment, according to Austrian investor Sparkassen Immobilien AG and Romania-registered developer EMCT, with a one-week delay from the latest announced date.