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Romanian Bank Loans Lose Ground With Cos Nearing Flatline, Skeptical People – Bkr

17:55, 13 Nov. 2009

Banks cannot grant loans as companies that need money are “almost dead" and people do not trust the bank system, Credit Europe Bank regional manager Dorothea Nicolae said Friday.

Romanian AH1N1 Vaccines To Be Used On Children Starting Jan – Acting PM

16:43, 13 Nov. 2009

Romanian children will be immunized against the AH1N1 virus using the vaccines which the Cantacuzino institute will produce early January, in a procedure in accordance with certified national standards, acting Prime Minister Emil Boc said Friday.

Romanian Actor Gheorghe Dinica Buried Friday With Military Honors

15:40, 13 Nov. 2009

Romanian actor Gheorghe Dinica was buried with military honors Friday at the Bellu cemetery in Bucharest.

Romanian Senate Chairman To Ask Parliament For Ad-Hoc Budget Meeting In Jan ’10

15:23, 13 Nov. 2009

Romanian social democrat presidential candidate and Senate’s chairman Mircea Geoana said Friday, during a meeting with representatives of the business environment held in Brasov, he will ask the Parliament to call for an ad-hoc meeting in January 2010 to debate and adopt the budget.

Bechtel Replaces Transylvania Highway’s Project Manager

15:11, 13 Nov. 2009

US company Becthel appointed Mike Swinford as project manager of Transylvania highway, replacing former head Mike Mix, the company said Friday.

EU Clears Romanian State Guarantee To Ford Loan

14:29, 13 Nov. 2009

The European Commission on Friday approved Romania's plan to guarantee 80% of a loan taken by US carmaker Ford from the European Investment Bank for investments in its plant in Craiova, southern Romania.

Most Romanians Believe They Are Worse Off Since 2008 – Study

14:14, 13 Nov. 2009

The number of Romanians who believe their financial status has gotten worse since October 2008 has doubled, up to 63% of those who answered a survey conducted by GfK Romania, compared with Poland, where 33% believe they are worse off than last year.

Romania 3Q GDP Sees 4th Largest Decline In EU

13:55, 13 Nov. 2009

Romania posted the fourth biggest quarterly economic fall in the European Union in July to September, while the EU's gross domestic product inched up 0.2% on the quarter, official data showed Friday.

Romanian Clunkers Program Expansion To Cos Could Boost Mkt By 15-20%

13:46, 13 Nov. 2009

The widening of the Romanian car park renewal program to include companies could lead to a 15%-20% growth in the new car market in 2010, while sales this year will not go beyond 130,000 units, ACAROM president Constantin Stroe told MEDIAFAX.

Romanian Education Unions Frown On Govt’s Budget Savings Plan, Threaten Protests

12:42, 13 Nov. 2009

The Romanian National Education Federation called on the Government Friday to seek ways for state budget savings without affecting the education sector, especially since prior measures to scrap over 19,000 jobs in the sector were deemed excessive.

Bucharest Blood Transfusion Center Staff Protested Friday Over 30% Wage Cut

12:16, 13 Nov. 2009

The employees with the Bucharest Blood Transfusion Center protested Friday morning for nearly two hours, saying that the scrapping of salary bonuses for prevention, risk and difficult work conditions lowered their salaries by 30%.

Romania 3Q GDP -0.7% On Quarter, -7.1% On Year

10:34, 13 Nov. 2009

Romania’s third quarter gross domestic product shrank by a seasonally-adjusted 0.7% compared with the earlier quarter, a flash estimate of the National Statistics Institute, or INS, showed Friday.

EIB Plans To Grant EUR1.5B Loans In Romania In 2010

19:37, 12 Nov. 2009

The European Investment Bank estimates it will grant loans of EUR1.5 billion in Romania next year, for energy projects, SMEs support and local authorities' investments, the bank's vice-president Matthias Kollatz-Ahnen said Thursday in Bucharest.

Romania Current Acct Gap Seen At 4.6% Of GDP In ’09 – Ctrl Bker

18:44, 12 Nov. 2009

Romania’s central bank expects the current account deficit to narrow to 4.6% of the gross domestic product in 2009, from 12.3% of GDP last year, deputy governor Cristian Popa said Thursday.

Romanian Cos Hit Harder By Crisis Than Public Sector – Fin Min

14:33, 12 Nov. 2009

Romanian private environment took a harder blow than the public sector in the financial crisis’ aftermath and the authorities will take measures to correct the asymmetry created, interim Finance Minister Gheorghe Pogea said Thursday.

Romanian Capital’s New Subway Mainline To Cost EUR883M

14:33, 12 Nov. 2009

Construction works on a new mainline of the Bucharest subway to connect the city center to the western Drumul Taberei neighborhood will cost EUR883 million, of which 45% will come from a European Investment Bank (EIB) loan.

NW Romanian International Airport Wants To Built 3,500-Meter Runway, Needs EU Funds

14:23, 12 Nov. 2009

Romania’s International Airport Cluj-Napoca submitted to the Transport Ministry the documents needed to access European funds within the sector operational program to build a 3,500-meter runway, and the project requires a seven-kilometer deviation of river Somes’course.

Romania’s Oct Unemployment At 7.1%, Highest In 5-Years

13:51, 12 Nov. 2009

Romania’s jobless rate rose for the 15th consecutive month in October to 7.1%, from 6.9% in September, according to the National Employment Agency ANOFM.

Romania Registers 1146 AH1N1 Infection Cases, 89 In Last 24 Hours

13:48, 12 Nov. 2009

The Romanian Health Ministry Thursday announced 89 new cases of AH1N1 flu infection were confirmed in 13 counties and capital Bucharest in the last 24 hours, bringing the total number of infections to 1,146.

Romanian Leasing Companies Ask President To Reject Flawed Legal Amendment

13:40, 12 Nov. 2009

Romanian leasing companies asked President Traian Basescu not to promulgate a draft law stating that leasing installments become fixed and monthly, and the contract period becomes undetermined.

Winter Holidays Tourist Packages Cost 15% Less In Romania This Year, 25% Less Abroad

13:11, 12 Nov. 2009

Tourist packages for the winter season including New Year’s cost an average 15% less this year than in 2008 for destinations in Romania and 20-25% less for destinations abroad, according to Romania’s tour operators’ association ANAT.

Romania’s Transport Min Drafts Railroad Accident Investigation Regulation

12:45, 12 Nov. 2009

Romania's Transport Ministry drew up regulations setting investigation procedures for railroad and subway accidents and the document is to be approved by the Government.

Romanian Econ To Start Growing In 2011 – Ex PM Designate

12:12, 12 Nov. 2009

Romania's economy is likely to revive in 2010 and start growing in 2011, but its revival is delayed by the political crisis, former Prime Minister-designate Lucian Croitoru said Thursday, at the opening bell of the Bucharest Stock Exchange.

Erste Transfers Romanian BCR To Austrian LTD – Ziarul Financiar

12:11, 12 Nov. 2009

Austrian group Erste has put between it and Romanian lender Banca Comerciala Romana, or BCR, two limited liability companies recently established in Austria, EGB Ceps Beteiligungen and EGB Ceps Holding GmbH, business newspaper Ziarul Financiar reported Thursday.

Romania’s Govt Increases Foreign Affairs Min’s Budget To Organize Referendum Abroad

10:46, 12 Nov. 2009

Romania’s Government supplemented the budget of the Foreign Affairs Ministry by 190,000 lei (EUR1=RON4.2952) to cover costs for the organization and unfolding of the November 22 referendum to downsize the Parliament.

Romanian Subway Employees Held Two-Hour Warning Strike Thursday

10:43, 12 Nov. 2009

Romanian subway employees were on a two-hour warning strike Thursday morning, displeased with the Government’s decision not to increase their wages, and threaten to go on general strike on November 17.

Romanian President Promulgates Simplified Citizenship Procedures Law

21:01, 11 Nov. 2009

Romanian President Traian Basescu signed Wednesday the decree promulgating the law approving the Government Emergency Ordinance amending the Romanian citizenship law, thus simplifying citizenship granting procedures.

Romanian Subway Employees To Continue Protests, Say Govt Ignores Them

19:19, 11 Nov. 2009

About 200 Romanian employees of state-owned subway company Metrorex picketed the Government Wednesday and a delegation of subway workers’ representatives failed to talk with Prime Minister Emil Boc or Transport Minister Radu Berceanu.

Romania’s Govt Approves Subway Company Metrorex’s Budget, Wage Increase

19:17, 11 Nov. 2009

Romania’s Government approved Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, including the wage increase decided at the end of last year, people close to the matter told MEDIAFAX.

EBRD: Romanian Banks Should Give More Loans In Lei

16:42, 11 Nov. 2009

Romanian lenders’ main challenge ahead is to offer long-term loans in Romanian lei, because is unhealthy for households and companies to be borrowing in foreign currency while their income is in lei, an official with the European Bank for Reconstruction and Development said Wednesday.

Romanian Died In Austria Likely Over Complications Caused By AH1N1 Flu – Press

15:50, 11 Nov. 2009

A Romanian national died in a hospital in Schwarzach, Austria, of a heart attack most likely due to complication caused by the A H1N1 virus, Austrian television Oe24 said on its website Wednesday.

Govt To Approve Subway Company Metrorex’s Budget Wednesday – Romanian Transport Min

15:44, 11 Nov. 2009

Romania's Government will approve Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, Transport Minister Radu Berceanu said Wednesday.

Over Half Of Romanian Parents Agree To Vaccinate Daughters Against Cervical Cancer

15:07, 11 Nov. 2009

Romania’s Health Ministry said Wednesday 52% of Romanian parents agree to have their daughters vaccinated against cervical cancer according to a poll conducted within the ministry’s information campaign targeting the disease.

Romanian Traditional Houses To Be Included Among Tourist Receiving Structures – Senate

14:58, 11 Nov. 2009

Romanian senators Wednesday adopted a law whereby tourist receiving structures would include traditional houses, whose owners handle the business directly, without a staff.

Romania Must Shift Focus To Performing Sectors Or Face Tax Hikes – Ctrl Bker

14:00, 11 Nov. 2009

The Romanian authorities can either redirect budget funds to better performing economic sectors or take the unpopular measure of hiking taxes in a move to consolidate public finances, central bank governor Mugur Isarescu said Wednesday.

Romania Energy Watchdog May Keep Household Power Prices Unchanged In Jan

13:14, 11 Nov. 2009

Romania’s energy regulatory authority ANRE on Wednesday said it will most likely keep household electricity prices unchanged as of January 1, though electricity producers and distributors requested price increases on lower consumption.

Romanian Parliament Allows Govt To Submit 2010 State Budget Draft

12:03, 11 Nov. 2009

Romania's Senate on Wednesday adopted with 93 votes in favor the draft amendments to the Law on the organization of the Government, empowering the Executive to send to the Parliament the 2010 state budget, social security budget and fiscal liability laws.

Romanian President Asks Parliament To Reexamine Law Against Human Trafficking

11:47, 11 Nov. 2009

Romanian President Traian Basescu called on the Parliament to reexamine the law on fighting human trafficking, remarking that because of an aggravating circumstance it implements, the punishment for the trafficking of minors is lighter than in the case of the regular crime.

Romanian Actor Gheorghe Dinica To Be Buried Friday At Bellu Cemetery In Bucharest

11:34, 11 Nov. 2009

Romanian actor Gheorghe Dinica, 75, who died Tuesday afternoon at the Bucharest Floreasca Emergency Hospital, will be buried Friday at the Bellu cemetery in Bucharest, on the Walk of Artists, next to the grave of famous Romanian folk artist Maria Tanase.

Traian Basescu, Mircea Geoana Among Contenders With Most Election Campaign Donations

11:15, 11 Nov. 2009

Romanian President Traian Basescu and social democrat head Mircea Geoana are among presidential contenders who obtained the most donations for their election campaign, according to the country’s election authority.