English

Romanian Flamingo Files For Bankruptcy After ING Starts Foreclosure

16:12, 09 Dec. 2009
Romanian IT&C, white and brown goods retailer Flamingo International (FLA.RO) filed for bankruptcy after ING Bank started Wednesday the foreclosure of certain inventories of the company.

Online Auction On Autographed Nadia Comaneci Doll To Be Held Thursday

15:52, 09 Dec. 2009
An online auction on a doll made in the likeness of Romanian former gymnast Nadia Comaneci will be held Thursday, to raise funds for gymnastics clubs throughout the country, according to a statement issued Wednesday to MEDIAFAX.

Romania Asks Indonesia To Extradite Romanian Fraud Convict

15:52, 09 Dec. 2009
Romania’s Justice Ministry said it sent Indonesian authorities Wednesday a request to extradite Romanian national Nicolae Popa, arrested on December 2 by Jakarta police.

Romanian Democrat Liberals Say There Is Zero Chance Election Will Be Cancelled

15:45, 09 Dec. 2009
Romanian democrat liberals consider there is zero chance the Constitutional Court will decide to cancel the election that brought incumbent President Traian Basescu a new five-year term and dismiss social democrats’ rigging claims as desperate, party vice-president Adriean Videanu said Wednesday.

Romanian President Calls For Reconciliation Among Politicians

15:33, 09 Dec. 2009
Romanian President Traian Basescu Wednesday called on politicians to reconcile and consider the country’s priorities, adding the election campaign is over.

Romania’s Central Electoral Bureau Rejects Social Democrats’ Vote Recount Claims

15:27, 09 Dec. 2009
The Central Electoral Bureau rejected as groundless Wednesday the request of the Romanian Social Democratic Party to recount votes in polling stations where alleged irregularities occurred during presidential election, adding social democrats didn't say extacly which polling stations were concerned.

Worst May Be Still To Come For Romanian Banks – Ctrl Bker

15:03, 09 Dec. 2009
Romanian lenders must wait at least another year to breathe easily, as the worst part of the crisis is yet to come, according to central bank’s head of supervision division Nicolae Cinteza.

Romanian Liberal Leader Disclaims Resignation Rumor, Rejects Alliance With Democrats

14:59, 09 Dec. 2009
Romanian liberal leader Crin Antonescu said Wednesday, before the meeting of the party’s Central Standing Office, he will not resign from the headership of the party and liberals will not govern along democrat liberals, adding the prime minister position should not be offered, but gained.

Romanian Democrat Liberal Leader Boc Invited Liberals To Talks On Govt

14:28, 09 Dec. 2009
Romanian Democratic Liberal Party leader Emil Boc sent the Liberal Party a written invitation to begin talks on forming a majority and a Cabinet, democart liberal vice-president Adriean Videanu said Wednesday.

Romania Real Jobless Rate Higher Due To Voluntary Layoffs – Consultant

14:21, 09 Dec. 2009
Romania’s unemployment rate is higher than the official 7.5% because it doesn’t include voluntary layoffs and many local companies resort to this method instead of firing people, because it is a less time-consuming process, said Wednesday Raluca Parvu, senior consultant with BPI Romania.

Only Half Of Romanian Cos Grant Christmas Bonuses In ’09 – Poll

13:52, 09 Dec. 2009
Some half of Romanian companies will not be giving Christmas bonuses to employees this year, while last year 93.5% of companies gave the bonus.

Romania Sept Arrears Down To RON1.34B, Still Exceed IMF Criteria

13:32, 09 Dec. 2009
Romania’s arrears decreased by 205 million lei (EUR1=RON4.2373) to RON1.338 billion in the June-September period, Finance Ministry state secretary Gheorghe Gherghina told MEDIAFAX Wednesday.

Romanian Police Check Nearly Ten Thousand Alleged Multiple Voting Cases In June EP Election

12:35, 09 Dec. 2009
Romanian police said it is checking data regarding 9,959 alleged multiple voting cases in the European Parliament election held in June, which it has just received Tuesday from the country’s Standing Electoral Authority.

Romanian Banks Could Book Lower Provisions For Rescheduled Loans

12:32, 09 Dec. 2009
Romanian lenders might be motivated to refinance or reschedule loans for which they could book lower provisions, if the central bank approves a proposition of the local banking association ARB to change the classification of loans and provisioning regulations.

Romania Extends Swine Flu Vaccination Campaign To Patients With Chronic Illnesses

12:22, 09 Dec. 2009
Romania has extended its swine flu vaccination campaign to people suffering from chronic illnesses because all the AH1N1-related deaths in the country occurred in patients with such illnesses, Health Ministry state secretary Adrian Streinu Cercel said Wednesday.

Romania Central Bank Jan-Oct State Dues At RON1B – Bk Chief

10:43, 09 Dec. 2009
Romanian central bank paid dues to the state budget worth nearly 1 billion lei (EUR1=RON4.2249) in January-October period, amounting to 80% of the lender’s profit, governor Mugur Isarescu said Tuesday.

Romanian Media Group Owner Vantu Says Will Discard Print Media

10:34, 09 Dec. 2009
Romanian Media group owner Sorin Ovidiu Vantu said in an interview with HotNews he will discard print media for good and will continue to invest in online media, while his media group, Realitatea - Catavencu, is to launch three TV stations in the Republic of Moldova, Hungary and Serbia next year.

Romanian Leftist Leader Says President, PM Approach ’10 State Budget Issue „Irresponsibly”

17:06, 08 Dec. 2009
Romanian social democrat leader Mircea Geoana on Tuesday said President Traian Basescu and Prime Minister Emil Boc act "irresponsibly" by “stubbornly refusing” to submit the 2010 state budget to Parliament for approval.

Romanians Show Unmotivated Optimist Towards Econ Crisis – GEA

16:21, 08 Dec. 2009
Romanians show an unmotivated optimism for the current economic crisis because they were never confronted with a similar recession, so their reaction towards consumption is difficult to predict, according to Liviu Voinea, chief executive officer of the Group of Applied Economics, or GEA.

Romanian Leftist Leader Geoana Says He Won Elections, Awaits Constitutional Court Ruling

16:01, 08 Dec. 2009
Romanian social democrat leader Mircea Geoana said Tuesday that he is the real winner of the presidential elections and called on the Constitutional Court to rule on the fairness of the polls.

Romanian Social Democrats Submit Election Runoff Annulment Request To Constitutional Court

15:09, 08 Dec. 2009
The Romanian Social Democratic Party submitted Tuesday to the Constitutional Court their request to annul and repeat the presidential elections runoff.

Romanian Media Outlets Found Media Employers’ Organization

14:59, 08 Dec. 2009
Twenty-four Romanian media outlets have formed the organization of Romanian Media Employers (PPR) Tuesday, which is an essential hurdle in Romanian media’s effort to reach professional and institutional maturity.

Romanian Car Mkr Dacia Sets European Launch For Duster Model In Spring ’10

14:54, 08 Dec. 2009
Romanian car maker Dacia will launch the Duster model, in two versions, 4X2 and 4X4, in Europe, Turkey, Algeria and Morocco in spring next year, while starting with June 2010 the model will be launched under the Renault brand in Ukraine, the Middle East and Africa, the company announced Tuesday.

Romanian Constitutional Court To Analyze Social Democrat Claims Of Rigged Elections

14:17, 08 Dec. 2009
The Romanian Central Electoral Bureau decided Tuesday that the PSD+PC (Social Democratic Party + Conservative Party) Alliance’s requests for a recount in five polling stations in Caras-Severin County indentified possible electoral fraud and will be forwarded to the Constitutional Court.

Romanian Online Retailers, Hard Discounters Seen Flourishing In 2010

14:05, 08 Dec. 2009
The year 2010 will be more difficult for retailers, while hard discount and online stores networks are the only ones seen flourishing, according to retail companies’ representatives in Romania.

Romania ’09 Budget Gap Could Stay Within Agreed Limits – IMF

13:43, 08 Dec. 2009
The International Monetary Fund expects Romania’s budget deficit in 2009 to be better than a previous estimation of 7.8% of the gross domestic product, IMF representative for Romania, Tonny Lybek said Tuesday.

Romania’s Hungarian Minority Party Wants Govt Majority, Stable Cabinet

13:15, 08 Dec. 2009
Romania's Hungarian minority party leader Marko Bela said Monday before the meeting of the party’s Standing Council that his political organization wants a government majority to support a stable Cabinet, adding he has no suggestions regarding the country’s prime minister.

BRD: Romanian Auth Should Ensure Sustainable Econ Growth Beyond ’10

13:07, 08 Dec. 2009
The Romanian authorities ought to ensure that the modest economic growth predicted for 2010 will turn into a sustainable increase of 2%-3% over the next few years, an official of Banca Romana pentru Dezvoltare - Groupe Societe Generale (BRD.RO) said Tuesday.

Romanian Liberal Leader Reconsiders, Conditions Alliance With Democrats

12:28, 08 Dec. 2009
Romanian liberal leader Crin Antonescu said Tuesday on Radio Guerrilla that the only scenario that might reopen dialogue with democrat liberals regarding a Government coalition is that with a liberal prime minister.

Early Elections Could Weaken Romanian Leu To 4.6 Units Per Euro – ING

12:28, 08 Dec. 2009
Potential early elections in Romania brought forth by delays in forming a new government quickly could weaken the domestic currency leu to around 4.5-4.6 units per euro and put off foreign aid beyond March 2010, according to a report from ING Bank released Tuesday.

Romanian Employers Have Most Pessimistic Employment Outlook for Q1 2010 – Survey

11:08, 08 Dec. 2009
Romanian employers rank last in the world with respect to their hiring plans in the January-March 2010 interval, employment service company Manpower said in a survey.

Romanian Oct Industrial Sales +0.5% On Mo, -16.4% On Yr

10:41, 08 Dec. 2009
Romanian industrial sales nudged up 0.5% on the month in October, but were down 16.4% compared with the same month the year earlier, official data showed Tuesday.

Romania Oct Adjusted Industrial Output Up 0.2% On Month

10:39, 08 Dec. 2009
Romania's adjusted industrial production inched up 0.2% in October compared with the month earlier, while unadjusted output increased 3.6% on the month, the National Statistics Institute said Tuesday.

Bucharest Subway Traffic Temporarily Halted Over Attempted Suicide

09:53, 08 Dec. 2009
Traffic on one of Bucharest subway routes was halted Tuesday morning for about half an hour because of a woman who threw herself on the track and told rescuers arrived at the scene that she has no idea how she ended up there..

Romanian Social Democrats To Challenge Presidential Election Outcome – Geoana

20:16, 07 Dec. 2009
Romanian social democrat leader Mircea Geoana, who was defeated in the presidential race, said Monday the party decided to challenge the election outcome at the Constitutional Court and the Central Electoral Bureau, claiming the election was rigged.

Romanian Leu Loses Steam Vs Euro, Ends Weaker On Day

19:11, 07 Dec. 2009
The Romanian leu lost its advance against the euro in late trade Monday amid higher buy orders for euros and the negative sentiment in the region, closing weaker on the day at RON4.2330/RON4.2360 to the European currency.

Romania’s Econ Min Disappointed As Slovenia Hosts ACER Headquarters

19:04, 07 Dec. 2009
The European Union member states’ last week decision to headquarter the new Agency for the Cooperation of Energy Regulators, or ACER, in Ljubljana, Slovenia, was considered as “disappointing” by Romania’s interim Economy Minister Adriean Videanu.

LPG Car System Sales In Romania Seen 50% Higher In 2010

16:14, 07 Dec. 2009
Sales of liquefied petroleum gas (LPG) installations for cars will rise next year by over 50%, at 28,000-29,000 units, mainly due to the increasing price of gasoline, according to the estimations of Autogaz Romania, a company that provides alternative fuel systems for cars.

Romania’s President Voted By Over 70% Of Romanians In Italy, Spain, U.S.A, Moldova

15:48, 07 Dec. 2009
Romania’s incumbent President Traian Basescu was voted by more than 70% of Romanians in Italy, Spain, the Republic of Moldova and the U.S.A, while most Romanians in Russia, Belarus, Afghanistan and Kosovo voted for social democrat contender Mircea Geoana.

First AH1N1 Virus Fatality In Eastern Romanian County Constanta

15:48, 07 Dec. 2009
One 45-year old Romanian man, diagnosed with the AH1N1 virus as well as pneumonia and obesity, died Monday at the Constanta County Emergency Clinic.