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S&P May Cut Romania’s Rating If IMF Pledges Not Met

15:41, 01 Oct. 2009

Standard&Poor's may downgrade its sovereign rating on Romania if political events will lead to misfires in fulfilling its commitments for fiscal and economic strengthening, as agreed with the International Monetary Fund and the European Commission, agency’s analyst Marko Mrsnik said Thursday.

Romania’s Sept Forex Reserves Up EUR596M, At EUR28.34B

14:30, 01 Oct. 2009

Romanian foreign exchange reserves rose EUR596 million in September to a fresh all-time high of EUR28.339 billion, boosted by the second tranche of the International Monetary Fund loan, the central bank said in a statement Tuesday.

Romanian Liberals To File No-Confidence Motion Against An All PDL Govt

14:11, 01 Oct. 2009

Romanian liberal leader Crin Antonescu said Thursday the liberals will follow the manner in which interim ministers are appointed and their views will “probably be expressed in a no-confidence motion” since “the Government lacks Parliament majority”.

Coalition Collapse Triggers Romanian Leu Depreciation

13:20, 01 Oct. 2009

Romanian leu lost around 1% against the euro in Thursday’s mid-trade after the ruling coalition break-up, despite central bank’s interventions to support the currency, dealers said.

Patriciu: It’s Unfortunate Romania Supports Nuclear Pwr Projects

13:05, 01 Oct. 2009

Supporting the nuclear power projects is an "unfortunate thing," which means Romania still has a socialist-like mentality, businessman Dinu Patriciu said Thursday at the Black Sea Energy and Economic Forum.

Patriciu: Black Sea Has Huge Oil&Gas Reserves, May Replace Russia’s Pwr Intake

13:03, 01 Oct. 2009

The oil and gas reserves in the Black Sea are so high that they could even replace Russia’s intake as international energy supplier, Romanian businessman Dinu Patriciu told Thursday the Black Sea Energy and Economic Forum.

Romania’s Coalition Govt Splits As Social Democrats Quit

12:56, 01 Oct. 2009

Romanian social democrat ministers in the center-left coalition government handed in their resignations Thursday after President Traian Basescu endorsed the democrat liberal prime minster’s decision to sack social democrat Deputy Prime Minister and Interior Minister Dan Nica.

Romanian Social Democrat Secretaries Of State Resign Their Positions

12:31, 01 Oct. 2009

Romanian social democrat secretaries of state will resign their positions in the government in solidarity with the resigning social democrat ministers.

Romania Passenger Rail Co Buys Train Engine Running 200 km/h For RON9.39M

12:09, 01 Oct. 2009

Romania’s state-owned railway company passenger division CFR Calatori bought a train engine that can reach seeds of up to 200 kilometers an hour from local engine and electrical equipment maker Softronic, for 9.39 million lei (EUR1=RON4.1981), VAT not included, the railway company said Thursday.

IMF Revises Dn Romanian ’10 External Gap Forecast To 5.6% Of GDP

11:21, 01 Oct. 2009

The International Monetary Fund revised its 2010 forecast on Romania’s current account deficit to 5.6% of the gross domestic product from 6.5% of the GDP previously estimated, according to the fund’s latest World Economic Outlook released Thursday.

Referendum Ordinance Is Unconstitutional – Romanian Senate Chairman

11:12, 01 Oct. 2009

Romanian social democrat leader and Senate Chairman Mircea Geoana said Thursday he will notify the Constitutional Court on the emergency decree the government passed Wednesday obliging the Parliament to approve the head of state’s request for a referendum within 20 days.

Romanian President Signs Interior Min Dismissal, Appoints Democrat Liberal Interim

10:43, 01 Oct. 2009

Romania’s President Traian Basescu Thursday signed the prime minister’s proposition to sack social democrat Interior Minister Dan Nica and appointed democrat liberal Development Minister Vasile Blaga as interim.

Romania Ups Pensions By 2% As Of Oct 1

21:12, 30 Sept. 2009

Romania will raise the pension point by 2% as of October 1, 2009 in accordance with the valid laws and the Government’s commitments to pensioners.

Romanian Parliament Obliged To Approve President’s Request For Referendum Within 20 Days

19:54, 30 Sept. 2009

The Romanian Government adopted an amendment to the election law that compels lawmakers to approve, within 20 days, President Traian Basescu’s request to hold a referendum on November 22, at the same time with presidential elections, or the president is entitled to issue a decree in this respect.

Retailers, Mall Developers In Romania Blame Each Other For Lower Sales

19:52, 30 Sept. 2009

Retail sales have dropped significantly this year in Romania, and retailers and developers blame each other for this situation, with the merchants invoking too high rents and the shopping center owners saying the stores lack in merchandize and qualified marketing staff.

Romanian Govt Standoff Conclusion Depends On Presidential Decision

19:40, 30 Sept. 2009

Romanian Prime Minister Emil Boc asked the social democrat ministers at the end of the government meeting if they reconsidered their stance to support minister Dan Nica, to which Ilie Sarbu replied their stance is the same, Boc adding that in this case he awaits President Traian Basescu’s decision.

Romanian Environment Min Drafts Picnic Area Law

15:53, 30 Sept. 2009

The head of the Romanian National Agency for Environmental Protection, Mihail Faca, said Wednesday the Ministry of Environment is working on a picnic law that will compel local authorities to provide conditions for picnic goers and to fine litterers.

Bucharest 1, 2-Room Flat Prices Up 15% In Sept Over “First Home” Program – Colliers

15:19, 30 Sept. 2009

The prices of studio flats and two-room apartments rose 15% in September compared with the period prior to enforcing the “First Home” program, while the prices of three-room apartments were up by 5%-10%, according to real estate consultancy company Colliers International.

Romanian Social Democrats To Attend Govt Meeting Wednesday

14:34, 30 Sept. 2009

Romania’s social democrat Interior Minister and Deputy Prime Minister Dan Nica, whose dismissal is pending the final decision of President Traian Basescu, said Wednesday social democrat ministers will attend today’s Cabinet meeting because they need to act responsibly at a time of crisis.

Romanian Social Democrats Quit Govt If President Signs Interior Minister’s Dismissal

14:32, 30 Sept. 2009

Romania’s social democrat Interior Minister and Deputy Prime Minister Dan Nica, called on President Traian Basescu and democrat liberal Prime Minister Emil Boc to take back the act firing him, or social democrat ministers leave the government.

Romanian Transp Ministry To Regulate Railway Accidents Investigations

13:32, 30 Sept. 2009

Romania's Transport Ministry will draft a government decision regulating the investigation and the prevention of railway accidents, after three trins went off the rails in the country just in the past week.

Romania Social Democrats To Leave Govt, Party Spokesman Tells Protesters

12:49, 30 Sept. 2009

Bogdan Niculescu Duvaz, spokesman for Romania’s ruling coalition Social Democratic Party, told unionists protesting at the party’s headquarters in Bucharest that they shouldn’t protest there because the party is leaving the government anyway.

Romania Sees Crime Rate Up 13% In ’09 – Interior Ministry

12:23, 30 Sept. 2009

Romania’s Interior Ministry on Wednesday said crime rate dynamics have not seen significant changes compared to the past years and announced a 13% increase this year, which fits in the past years’ upward trend.

Little Over Half Of Romanians Had Running Water In 2008

11:37, 30 Sept. 2009

Only 53.1% of Romania’s population, or 11.42 million people were connected to public water utilities in 2008, the National Statistics Institute, or INS, said Wednesday.

Romanian Social Democrats’ Attitude Might Trigger Political Crisis – Democrat Liberal VP

10:43, 30 Sept. 2009

Romanian social democrats refused to meet with ruling coalition partners democrat liberals Wednesday morning, which might trigger a political crisis for which the Social Democratic Party must take responsibility, democrat liberal vice-president Adriean Videanu said Wednesday.

Romania’s Unirea Urziceni Secure Draw With Germany’s VfB Stuttgart In Champions League

10:14, 30 Sept. 2009

Romania’s champion team Unirea Urziceni obtained its first point in the Champions League after a 1-1 draw in the home match against Germany’s VfB Stuttgart, in the second round of matches in UEFA Champions League Group G.

Romanian Social Democrat Head Wants Committee To Investigate Transport Min

20:55, 29 Sept. 2009

Romanian social democrat leader Mircea Geoana said Tuesday that the party will propose the setting up of an inquiry committee for Transport Minister Radu Berceanu.

Romanian Carmaker Dacia Grants RON110 Wage Hike, RON400 Bonus To Its Staff

19:26, 29 Sept. 2009

The employers of Romanian carmaker Automobile Dacia will be granted a wage hike of 110 lei (EUR1=RON4.1851) and an average bonus of RON400 as of September 1, the company owned by French group Renault said Tuesday.

Romanian PM Invites Coalition Partners To Talk On President’s Recommendations

17:56, 29 Sept. 2009

Romanian Prime Minister Emil Boc called for a meeting of the ruling coalition for 9 p.m. on Tuesday or for 9 a.m. on Wednesday, for talks on the nominations proposed by President Traian Basescu for the interior minister seat, said democrat liberal vice-president Adriean Videanu.

Romanian Liberal Leader Disagrees With Opposition Interior Min Scenario

17:39, 29 Sept. 2009

Romanian National Liberal Party president Crin Antonescu said Tuesday that the appointment of an interior minister from the opposition, proposed by President Traian Basescu, would be a farce and the liberals will not be a part of it.

Romanian President Proposes Independent Or Opposition Interior Minister

15:46, 29 Sept. 2009

Romanian President Traian Basescu said Tuesday he proposed to leaders of the country’s ruling coalition the appointment of an interior minster who is independent or from the opposition, to ensure neutrality.

Romanian President Proposes Independent Int Min, Social Democrats Propose Independent PM

15:23, 29 Sept. 2009

Romanian social democrat leader Mircea Geoana said Tuesday President Traian Basescu “faked mediation” and came up with the “hypocritical” solution of appointing an independent interior minister, to which social democrats proposed an independent prime minister.

Romanian Competition Regulator Proposes Removal Of Several Taxes In Retail

14:43, 29 Sept. 2009

The Romanian Competition Council proposed, following an investigation performed on the retail market, the removal of several taxes, such as the tax meant to cover expansion costs, the tax covering the risk of non-selling products and the removal of the favored client clause.

Romania Bankers Willing To Rework Loans For Troubled Clients

14:40, 29 Sept. 2009

Romanian bankers on Tuesday reaffirmed their openness to reset existing corporate loans for clients in temporarily difficulty, to avoid foreclosure on the guarantees submitted.

Romanian Exchange Offices To Install Audio-Video Monitoring Systems Close To Wickets – Draft

14:35, 29 Sept. 2009

Romanian currency exchange offices will be compelled to install audio-video monitoring systems close to wickets that will run during the work program, and to keep the audio and video recordings for at least 30 days, according to a draft order of the Consumer’s Protection Authority (ANPC).

Romanian Social Democrat Leader Refuses To Attend Talks With President

14:22, 29 Sept. 2009

Romanian social democrat leader Mircea Geoana said he will not attend talks Tuesday afternoon with President Basescu, who invited him and Prime Minister Emil Boc for discussions amid a political dispute that could end with the spilt of the coalition.

Democrat Liberals To Name 2 Deputy Govs In Ctrl Bk’s Board – Sources

14:14, 29 Sept. 2009

Romanian Parliament budget committees will back Florin Georgescu for a new mandate as the central bank’s first deputy governor, while democrat liberal candidates Cristian Popa and Lucian Croitoru will be named deputy governors, people familiar with the talks said Tuesday.