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Romanian Ctrl Bker Says Economy Will Revive As Of Q3 Or Q4

16:15, 09 Sept. 2009
The Romanian economy will return to growth in the fourth quarter, if not even in the third quarter, on a favorable base effect, central bank governor Mugur Isarescu said Wednesday.

Foreign Exchange Offices In Romania Obligated To Display Highlighted Rates, Overall Fees – Draft Law

16:12, 09 Sept. 2009
All foreign exchange offices in Romania are obligated to display the exchange rates together with all taxes involved, according to a draft law improving the Government Emergency Ordinance on consumer protection, which the Senate passed Wednesday.

Bks Risk Helping Clients Too Late – Romanian Ctrl Bk Gov

15:55, 09 Sept. 2009
Banks had exaggerated reactions, although partly motivated, and might decide too late to help their customers, central bank governor Mugur Isarescu said Wednesday.

Romanian Indus Likely To Take First Steps Toward Recovery – ING

15:15, 09 Sept. 2009
Romania’s industry is likely the first sector to recover from recession, but it might not be enough to support a growth of the gross domestic product, an ING Bank report showed Wednesday.

Romania To Begin Vaccination Campaign Against AH1N1 Virus In Dec – Health Min

15:02, 09 Sept. 2009
Romania's Health Ministry said Wednesday Romania will begin the vaccination campaign against the AH1N1 influenza virus early December.

Leasing Companies To Report On Overdue Payments To Romanian Bank Risk Central

14:17, 09 Sept. 2009
Leasing companies included in the National Bank of Romania’s Special Registry are compelled to register with the Bank Risk Central by December 30, where they will report on clients’ overdue payments, the Association of Financial Companies – ALB Romania said Wednesday.

Romanian MEP Gigi Becali Appears Before Prosecutors In Kidnapping Case

13:51, 09 Sept. 2009
Romanian MEP and football club Steaua Bucharest financer Gigi Becali appeared Wednesday before the General Prosecutors' Office in the case where he is charged with the kidnapping of three people who had stolen his car.

Romania Outrun By Botswana In World Bank’s Ease Of Doing Business Top

11:19, 09 Sept. 2009
Romania fell ten positions to the 55th place in World Bank's "Doing Business 2010" ranking, which analyzes the regulations that favor or constrain the business activity in 183 economies, lagging behind states such as Bulgaria, Azerbaijan, Botswana or the Baltic countries.

Romanian Jan-July Trade Gap Narrows To EUR4.86B

10:03, 09 Sept. 2009
Romania’s trade deficit narrowed in the first seven months to EUR4.86 billion from EUR13.16 billion in the same period the year before, the National Statistics Institute said Monday.

Romanina Govt Mulls Continuing The Car Renewal Program In ’10

20:33, 08 Sept. 2009
Romanian Government plans to continue the car park renewal program in 2010, after it has already increased the number of scrapped cars and the scraping bonus in 2009, Government officials said after the meeting between Prime Minister Emil Boc and Renault official Patrick Pelata.

Romanian Tourism Min Inquiry Comm Requests Criminal Probe

19:27, 08 Sept. 2009
Romanian MP Ludovic Orban, chairman of the committee investigating expenses approved by the Ministry of Tourism, said the committee’s final report specifically recommends the initiation of criminal investigations against tourism minister Elena Udrea.

Romanian BCR Restructures Loans For 2,500 Late Payers

19:27, 08 Sept. 2009
Romania's largest lender Banca Comerciala Romana, or BCR, restructured loans for just 2,500 individuals, although it has contacted around 90,000 customers in this respect, Tuesday said Stefan Coroianu, head of the bank' s retail loans division.

Romanian Rompetrol To Cut Fuel Prices By Up To RON0.05/Liter

17:49, 08 Sept. 2009
Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, will cut Wednesday its gasoline prices by 0.05 lei (EUR1=RON4.2382) per liter, and the diesel oil prices by RON0.03 per liter.

Romanian Govt Advised To Review Grammar, Logic Flaws In Law Packs

16:44, 08 Sept. 2009
The Romanian Legislative Council sent the Government a plea for added care in writing, annexing some 50 pages of corrections aimed at grammatical and logic mistakes noted in the three laws for which the Executive intends to take responsibility in Parliament.

Romanian Lower Chamber Rejects Senate Chairman-CSAT VP Causality

15:38, 08 Sept. 2009
Acting upon a Constitutional Court ruling, the Romanian Chamber of Deputies unanimously rejected Tuesday the emergency government ordinance amending the High Council for National Defense (CSAT) law, which enabled the Senate chairman to become the Council’s vice-president.

Romania Transp Ministry Readies Law Pack For Railway Sector

15:21, 08 Sept. 2009
Romania’s Transport Ministry is working with the Romanian Railway Authority (AFER) and the National Center for Railway Qualification and Training (CENAFER) on a draft law meant to regulate operations in the railway sector, which will be completed in October.

Romania’s Annual Inflation Seen At 5.1%-5.3% In Aug – Analysts

15:16, 08 Sept. 2009
Romania's annual inflation accelerated to 5.1%-5.3% in August from 5.06% the month before, with the consumer price index seen unchanged or slightly higher on the month, analysts said in a survey Tuesday.

IMF Sends 2nd Review Mission To Romania In Oct-Nov

15:10, 08 Sept. 2009
The International Monetary Fund will conduct late October or early November a second review on Romania’s progress in meeting the terms of a EUR19.95 billion IMF-led aid package, a fund's representative told Mediafax Tuesday.

Ford Transit Connect Launched At Romanian Assembly Plant In Craiova

14:19, 08 Sept. 2009
The first car assambled at the U.S. carmaker Ford’s assembly plant in Craiova, southern Romania, Ford Transit Connect, was launched on the market on Tuesday and will be donated to the Municipal Hospital in Craiova.

Romanians Might Pay Duty On Carbon Dioxide Emissions – Official

13:59, 08 Sept. 2009
Romanians might be compelled to pay a tax on carbon dioxide emissions, and the collected amounts would be further invested in carbon storage units, but the issue won't be approached in the near future, Romanian Economy Ministry secretary of state Tudor Serban said Tuesday.

Romanian Household Lending Likely To Recover In Q3 – Survey

13:55, 08 Sept. 2009
Romanian household lending is likely to pick up the pace in the third quarter, but banks expect a further decrease in corporate loans, according to a central bank survey.

Romanian Retailer Leonardo Closes 30 Stores, Sacks 600 People

13:04, 08 Sept. 2009
Romanian footwear and bag retailer Leonardo closed 30 unprofitable stores this year and laid off 600 people as part of its restructuring plan, according to consultancy company Ensight Management Consulting, which assisted the retailer in this respect.

Romanian Energy Sector Is Obsolete And Inefficient – Watchdog Pres

12:25, 08 Sept. 2009
Romania's energy sector is obsolete and inefficient, facing unsuccessful privatizations and "an abuse of non-transparent contracts," and the country currently "re-launches the reform" in this industry, Energy Regulatory Authority ANRE president Petru Lificiu said Tuesday.

Romania To Ink Regional Energy Mkt Pact With Hungary, Austria Soon- Econ Min

12:09, 08 Sept. 2009
Romania is close to sealing an agreement with Hungary and Austria to set up a regional energy market and holds talks with Greece and Bulgaria on the issue, Economy Minister Adriean Videanu said Tuesday.

Romanian PM To Discuss Case Of Controversial Film “Francesa” With Silvio Berlusconi

11:35, 08 Sept. 2009
Romanian Prime Minister Emil Boc said he would meet with Italian counterpart Silvio Berlusconi to discuss the case of controversial Romanian film "Francesca," which was recently banned in the Italian city of Venice after deputy Alessandra Mussolini complained the film displays insults against her.

Romania Climbs 4 Spots To 64 In WEF’s World Competitiveness Top

11:13, 08 Sept. 2009
Romania picked up four notches to 64 in a global competitiveness ranking released by the World Economic Forum on Tuesday.

Romanian President Backed By Democrat Liberals For Second Term As Independent

09:34, 08 Sept. 2009
Romanian President Traian Basescu cannot be part of any political party, under the Constitution, and will run for a second term independently, backed by the Democratic Liberal Party, democrat liberal leader Mircea Toader told MEDIAFAX Monday evening.

Romania’s Petrom Cuts Pump Prices By RON0.03/Liter

19:07, 07 Sept. 2009
Romania’s largest oil company Petrom (SNP.RO) Monday cut its gasoline and diesel oil pump prices by 0.03 lei (EUR1=RON4.2434) per liter, the company said.

Romanian Economy Seen Growing 1.6% In 2010 – ING Bank

19:04, 07 Sept. 2009
ING Bank Romania on Monday revised upward its forecast on Romanian economic growth to 1.6% in 2010 from 0.6% initially estimated, mostly supported by the evolution on international markets and by stimulating monetary policies on the local market.

Romanian Parliament Set Responsibility Assumption Date For Sept 15

16:28, 07 Sept. 2009
Romania's Parliament decided Prime Minister Emil Boc will come before the Parliament on September 15 to assume responsibility for the three packs of laws regarding economic measures, the unitary law regulating wages across the public sector and laws on education, Senate quaestor Ioan Chelaru said.

Romanian Lawmakers Decide President Will Address Parliament On Sept 15

14:38, 07 Sept. 2009
The leaders of the two chambers of Parliament on Monday decided Romanian President Traian Basescu would address Parliament on September 15, at 7 p.m., although Basescu said he wishes to address the Parliament on September 14 regarding the country’s main political issues.

Romanian Leu Seen Falling On Uneven Wage In Public, Pvt Sectors – ING

14:23, 07 Sept. 2009
The Romanian leu is likely to lose ground against the foreign currencies in the coming months, pressured by discrepancies between wage in the public and private sectors, ING Bank said in a report Monday.

Proprietatea Fund’s Hldrs OK Franklin Templeton Manager Contract – Sources

14:15, 07 Sept. 2009
The stockholders of investment fund Fondul Proprietatea approved Monday the offer and management contract of U.S. Franklin Templeton Investments, people attending the shareholders meeting said.

Romanian Govt To Upgrade 10,000 Km Of County Roads

13:59, 07 Sept. 2009
The leaders of the Romanian government coalition discussed Monday a memorandum on the upgrade of 10,000 kilometers of county roads, democrat liberal vice president Gheorghe Flutur said after the meeting.

Romania’s AVAS Mulls Two-Year Extension For Cos To Meet Privatization Obligations

13:24, 07 Sept. 2009
Romania’s privatization authority AVAS might give a two-year extension for the meeting of obligations undertaken upon privatization to companies that received state aid and have to complete restructuring programs and investments, according to a draft emergency ordinance.

Romania Late Payments On Loans Topping RON20,000M Up 4.45% In July

13:15, 07 Sept. 2009
Romanian overdue payments for loans worth at least 20,000 lei (EUR1-RON4.2434) amounted to RON6.076 billion end July, up 4.45% on the month, central bank data showed Monday.

Romanians Injured In Afghanistan In Stable Condition – Defense Ministry

12:12, 07 Sept. 2009
The two Romanian soldiers injured Friday night in Afghanistan were taken to the Regional Medical Center in Ramstein, Germany, said the Romanian Defense Ministry, adding their condition is stable.

Romanian Opera Star Angela Gheorghiu To Perform In Bucharest On Sept 19

11:54, 07 Sept. 2009
World renowned Romanian soprano Angela Gheorghiu will return to Romania for an open-air performance in Bucharest’s Constitution Square, on September 19, alongside young Romanian tenor Vlad Mirita, under the guidance of the Philharmonic Orchestra, according to the artist’s official website.

Romania Ruling Coalition To Assume Resp For Education, Public Spending, Unitary Pay Laws Sept 15

11:41, 07 Sept. 2009
Romanian democrat liberal leader Gheorghe Flutur said Monday the country’s ruling coalition decide the Government will take responsibility before Parliament on September 15 for the laws on education, unitary pay and spending cuts in the public sector.

Romania Securities, Insurance, Pvt Pension Regulators, Ctrl Bk Not Targeted By Unitary Pay Law

11:11, 07 Sept. 2009
The Romanian government decided the unitary law regulating wages across the public sector would not be applied to the employees of the central bank, the securities watchdog, the insurance regulator and the private pension watchdog.