English

Romania Pays $5.4M Of US’ Loan, On Behalf Of Local Cotton Importers

13:47, 20 Oct. 2009
The Romanian Government will pay from the state budget the remaining $5.4 million from a loan previously taken from the US Government for cotton acquisition by local companies, after importers refused to pay their debt.

Romanian Lawmakers Adopt Report Of Parl Committee Investigating Tourism Min

13:28, 20 Oct. 2009
Romanian deputies unanimously adopted Tuesday the draft decision regarding the report of the parliamentray committee investigating Tourism Minister Elena Udrea, which will be sent to the Chamber of Deputies’ legal committee to further draw up a report requiring Udrea’s criminal prosecution.

Romania’s Ex Interior Minister Wants Decree Sacking Him Suspended In Court

13:02, 20 Oct. 2009
Romania's former Interior Minister Dan Nica asked the Bucharest Court of Appeals to suspend the decree signed by the president that dismisses him from the headership of the Interior Ministry and the hearings in the case were set for November 6.

Clothing Retailer LPP Fashion Invests EUR1.5M To Open 3 New Stores In Bucharest

12:52, 20 Oct. 2009
Polish clothing retailer LPP Fashion will open three new stores in a shopping center in Romania’s capital city Bucharest, following investments estimated at EUR1.5 million, but intends to halt expansion plans afterward because of the economic crisis, the company said Tuesday.

Romanian Politician Nati Meir Faces Three Fraud Complaints – Lawyers

11:36, 20 Oct. 2009
One of the lawyers defending Romanian politician Nati Meir, recently detained on charges of fraud, said three people filed complaints against Meir, stressing one complaint targets the unfolding of a contract involving Meir’s election campaign song for the upcoming presidential elections.

Drunken Passenger Prompts Emergency Landing In W Romania

11:20, 20 Oct. 2009
A Blue Air plane flying from Madrid to Bucharest made an emergency landing Monday night on the Airport in Arad, western Romania, as the flight commander decided to hand over to the authorities a drunk passenger.

Romanian Politician Nati Meir Investigated For Fraud

09:43, 20 Oct. 2009
Romanian politician Nati Meir, who recently backed out of the presidential race, was detained Monday evening on charges of fraud.

US Vice-President To Meet With Romania’s President, PM Thursday In Bucharest

20:58, 19 Oct. 2009
The US vice-president Joe Biden will meet Thursday, during a visit to Bucharest, with Romania’s President Traian Basescu, acting Prime Minister Emil Boc, social democrat leader Mircea Geoana and liberal leader Crin Antonescu.

Romanians To Buy Railroad Tickets Online – Draft Norm

18:37, 19 Oct. 2009
Romanian transport minister Radu Berceanu put up for public debate the draft norms on railroad transportation, referring to the online ticket selling service.

Romanian Social Democrats Dismiss Designated PM’s Govt Seat Offer As Bogus

15:55, 19 Oct. 2009
Romanian Social Democratic Party spokesman Bogdan Niculescu-Duvaz told MEDIAFAX Monday the designated Prime Minister Lucian Croitoru’s offer to have a social democrat head the Interior Ministry is a false offer, because he has no support in Parliament.

EBRD May Lend EUR27M To Sibiu City Hall For Infrastructure Upgrade

15:50, 19 Oct. 2009
The European Bank for Reconstruction and Development may grant a loan of up to EUR27 million to the Sibiu municipality, central Romania, over the next two years, for a complex street rehabilitation program and construction of one small road bridge, EBRD said Monday.

Romania’s Designated PM Asks Social Democrats Nominees For Interior Min

15:45, 19 Oct. 2009
Romania’s designated Prime Minister Lucian Croitoru said Monday at the end of talks with democrat liberals he plans to ask social democrats to make two or three propositions for the leadership of the Interior Ministry.

Romania’s Public Finances Among Most Affected By Population Ageing In EU

14:47, 19 Oct. 2009
Romania is among the EU member states whose public finances are most affected by ageing and has one of the most unsustainable public pension systems in Europe, according to the Romanian private pension association APAPR, which cites a report of the European Commission.

Romania’s Petrom Hikes Fuel Prices By RON0.7 Per Liter

12:52, 19 Oct. 2009
Romania’s largest oil company Petrom SA (SNP.RO) on Monday raised the gasoline and diesel oil prices by 0.7 lei (EUR1=RON3.2886) per liter, following the international crude oil price increases, the company said in a statement.

Romanian Cos Cut Benefits, Employees Accept Anything Just To Get Jobs – Survey

12:50, 19 Oct. 2009
Companies in Romania have cut down on the number of employees and reduced benefits because of the economic crisis, and employees have lowered their claims and accept roughly anything just to get a job, according to the results of a survey by Mednet Marketing Research Center released Monday.

Economic Crisis, Competition Increased Traffic On Romanian Mobile Networks

12:35, 19 Oct. 2009
The economic crisis and stronger competition have led to 33% increased traffic on Romanian mobile networks in the first six months, compared to the end of 2008, while the number of users dropped to 24.4 million, said Monday Catalin Marinescu, head of the Romanian telecom regulator ANCOM.

China To Grant Romania EUR500,000 For Joint Econ Projects

11:56, 19 Oct. 2009
Romania and China will sign Tuesday several agreements for bilateral collaboration, by which China will provide EUR500,000 non-reimbursable funds to projects in the SMEs and agriculture sectors, Romanian interim Prime Minister Emil Boc said Monday.

Romanian Media Market Seen At EUR350M In 2009

11:42, 19 Oct. 2009
Romania’s media market is seen reaching some EUR350 million by yearend, according to estimates included in the Media Fact Book 2009 study, drawn up by media agency Initiative and released Monday.

President Says Romanians Are Reluctant To Sensitive Data Storage

11:27, 19 Oct. 2009
Romania’s President Traian Basescu on Monday said Romanians, and people in all former communist countries, are more reluctant to having sensitive data monitored and stored, unlike people in other democratic countries.

Romanian Theater Director Ion Cojar Dies At 78

21:07, 18 Oct. 2009
Romanian theater director, actor and acting professor Ion Cojar died Sunday morning in a hospital in Bucharest, where he was admitted three months ago after he had dislocated a hip, people close to the artist told MEDIAFAX.

Romanian PM Nominee Klaus Johannis Meets Political Backers In Senate

19:40, 18 Oct. 2009
Romanian Sibiu city mayor and parliament favorite for prime minister Klaus Iohannis said Sunday, upon arriving to Senate, where he will meet with the leaders of the parties that support him, that he came for “an almost working meeting” and he will stablish the steps to be taken next.

Romanian President Seeks A Friendly Government

14:33, 17 Oct. 2009
Romanian president Traian Basescu said on national television that his major objective is to secure a friendly government for a future mandate as president.

Romanian Leftists Continue To Back Johannis For PM

14:14, 17 Oct. 2009
Romanian social democrat head Mircea Geoana said Saturday in Brasov that he refused a meeting request by designated Prime Minister Lucian Croitoru because "dialogue and consultations are pointless."

Romania’s Ex Interior Min Appointed His Intelligence Chief Wihtout PM Approval – Pres

17:22, 16 Oct. 2009
Romanian president Traian Basescu told national radio station RRA that former social democrat interior minister Dan Nica did not ask for the prime minister’s approval when appointing the managers leaders of Interior Ministry intelligence.

Romania’s President Could Dissolve Parliament If Reelected

16:39, 16 Oct. 2009
Romania’s acting President Traian Basescu said Friday on public radio if Parliament rejects two Government propositions until presidential elections, the Constitution allows him to dissolve Parliament after his potential reelection as president, adding he would rather not do so.

Romanian Govt Faced With Tough Choices If IMF Halts Payment – Pres

15:27, 16 Oct. 2009
Romanian President Traian Basescu said Friday on national radio station RRA that if Romania does not receive the money from the IMF and EU, any government, approved or provisional, will have to decide "where to cut payment," a choice between paying salaries and wages, or paying for investments.

Romania’s President Deems Ctrl Bk Governor As Ideal PM

14:30, 16 Oct. 2009
Romania’s acting President Traian Basescu said Friday on public radio central bank governor Mugur Isarescu would have been the best option for prime minister, but the current economic crisis does not allow such a move.

Romanian Govt Does Not Support Memo On Reopening International Adoption

14:23, 16 Oct. 2009
The memorandum put forward by the Romanian Adoption Office (ORA), asking for the reopening of international adoptions, is this institution’s point of view, which is not shared by the Emil Boc Cabinet, the Romanian Government announced Friday.

Romania’s President To Nominate Politician As PM If Parliament Rejects Technocrat Croitoru

11:08, 16 Oct. 2009
Romania’s acting President Traian Basescu said Friday he will nominate a second prime minister “from the party with the largest number of lawmakers” if a Government led by Lucian Croitoru is not accepted in Parliament, and refrained from naming the party and the precise person.

Romanian President Set To Sign Referendum Decree Despite Parliament’s Opposition

10:53, 16 Oct. 2009
Romania's acting President Traian Basescu said he would sign the decree on organizing a national referendum to downsize the country's Parliament to a single chamber and fewer lawmakers, despite the Parliament’s vote of disapproval.

Romanian Govt May Have Trouble Paying Salaries And Pensions In Nov, Dec – PM

21:02, 15 Oct. 2009
The Romanian Government has no problem paying salaries and pensions at the moment, but may run into difficulties towards the end of November, should certain commitments taken before the IMF not be met, acting Prime Minister Emil Boc said Thursday.

Romania’s Budget Gap Reached 5.04% Of The GDP On Oct 1 – Acting PM

20:56, 15 Oct. 2009
Romania’s general consolidated budget gap grew to 5.04% of the GDP on October 1, said acting Prime Minister Emil Boc Thursday.

Some 10% Of Romania’s Work Force Went Abroad

20:53, 15 Oct. 2009
Some 8-10% of the Romanian population aged between 15 and 64 is left to work abroad, namely 2.7 million people, and Romania needs immigration policies for those working abroad, for those coming back and for regional development.

Romanian Designated PM Discusses Government Issues With Current PM

19:37, 15 Oct. 2009
Romanian designated Prime Minister Lucian Croitoru told MEDIAFAX, after talking to active Prime Minister Emil Boc, that he reviewed the government’s current issues and will begin consultations with political parties Friday to form a new government.

Deisgnated PM, Proposed Govt To Face A Parliament Immune To Dissolution

18:21, 15 Oct. 2009
The Romanian Parliament is forced to validate a Government, if it gets the chance before the presidential elections and if it wants the provisional Boc Government gone, while the Parliament cannot be dissolved in the final six months of a president’s mandate.

IMF To Visit Romania After New Govt In Place – Official

17:16, 15 Oct. 2009
The International Monetary Fund on Thursday said it will send a mission to Romania for its second review related to a EUR13 billion standby loan as soon as the country will have a new government.

Romanian Liberal Leader Deems President’s PM Choice “Irresponsible”

16:40, 15 Oct. 2009
Romanian Liberal Party leader Crin Antonescu said Thursday that President Traian Basescu’s decision to appoint Lucian Croitoru Prime Minister is “irresponsible” and will prolong the crisis.

Romanian SMEs Guarantee Fund May Guarantee 80% Of Developers Loans

16:38, 15 Oct. 2009
Romania's SMEs loans guarantee fund FNGCIMM is in talks with several banks for launching a product by which developers’ loans would be 80% guaranteed by the fund, if they signed pre-contracts for 75% of the surface.

Romanian Social Democrat Leader To Challenge President’s Decision For PM At Constitutional Court

15:15, 15 Oct. 2009
Romanian social democrat leader Mircea Geoana said Thursday, after President Traian Basescu appointed Lucian Croitoru as prime minister, the head of state will thus prolong and deepen the crisis, adding he might challenge the president’s decision at the Constitutional Court.

IMF Defers Review Mission To After New Govt Is Formed – Romanian President

15:05, 15 Oct. 2009
The International Monetary Fund has postponed a second review mission to Romania for after the new government is formed, Romanian President Traian Basescu said Thursday.