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Romanian President Admits Disappointment Over Country’s Ruling Coalition

09:40, 19 Mai 2009
Romanian President Traian Basescu said late Monday during a meting with the Romanian community in Paris, France, that he disappointed himself too when he decided, in December 2008, to back an alliance between democrat liberals and social democrats.

Time Warner Completes $241.5M Deal For 31% In Broadcaster CME

18:59, 18 Mai 2009
U.S. media group Time Warner Inc. on Monday said it completed a $241.1 million deal for a 31% stake in Central European Media Enterprises (CME), owner of Romania’s media trust PRO TV.

Romanian Actor Nicu Constantin In Critical Condition

18:17, 18 Mai 2009
Romanian actor Nicu Constantin was admitted to the ICU at the Military Emergency Hospital in Bucharest with severe pulmonary affection and his current situation is critical, hospital commander, General Doctor Ioan Sarbu said Monday.

Japan’s SEWS To Shut Dn Polish Plant, Transfer Prod In Romania

17:58, 18 Mai 2009
Japanese auto cable maker Sumitomo Electric Wiring Systems (SEWS) will close down a factory in Poland and will transfer its production to the units it owns in Romania, Monday said Florin Ionut, economic manager and administrator of SEWS Romania.

Raiffeisen Bank Romania May Reschedule Up To 2,500 Loans

17:41, 18 Mai 2009
Raiffeisen Bank Romania plans to reschedule 2,000 to 2,500 loans, currently analyzing 250 cases, the bank’s president Steven van Groningen told MEDIAFAX on Monday.

Romanian Seaside Hotels Forced To Lower, Even Negotiate Fees

17:13, 18 Mai 2009
The small number of customers has forced hotel operators on the Romanian Black Sea coast to consider reducing their fees, even though they are even than prices asked by tour agencies, Romanian Tourism Employers’ Association general secretary Dragos Raducan told MEDIAFAX Monday.

Romanian Cos Buying EU Goods To Pay VAT Monthly As Of May – Tax Watchdog

16:17, 18 Mai 2009
Companies buying products from the European Union member states will pay monthly, as of May, the VAT due to these operations, and not quarterly as before, within a measure aiming to lower tax frauds within the European Community, Romania’s tax authority ANAF stated Monday.

Romanian Bran Castle Officially Becomes Private Property

15:28, 18 Mai 2009
Bran Castle in Romania has officially been transferred into the ownership of Archduke Dominic of Habsburg and it is running as a private museum as of 12.00 p.m, Corin Trandafir, the attorney of the House of Habsburg, told MEDIAFAX.

Romania Ranks 19th In Top Of Attractive Destinations For Outsourcing Serviceso

15:23, 18 Mai 2009
Romania has improved its position as an attractive destination for outsourcing services, ranking 19th, up 14 positions over the last two years, according to a classification of management consulting firm A. T. Kearney, mainly due to the improvement of the business environment score.

Romanian Tourism Assoc To Draft A Top 100 Of Tourist Areas Lacking Toilets

14:53, 18 Mai 2009
The biggest problem claimed by foreign tourists in Romania is the scarcity of toilet facilities in tourist areas and the Romanian Tour Operators’ Association Agency will start a campaign to indentify areas lacking such facilities.

Romanian Govt To Take Responsibility For Criminal, Civil Codes Early June

11:22, 18 Mai 2009
The Romanian government will take responsibility in Parliament for the Criminal and Civil Codes at the beginning of June, democrat liberal vice-president Gheorghe Flutur said Monday after a governing coalition meeting.

Romanian President’s Visit To France Targets Stronger Romanian-French Partnership

10:42, 18 Mai 2009
Romanian President Traian Basescu said his two-day official visit to France, on May 18 and May 19, aims to strengthen the strategic partnership between Romania and France.

Romanian President At A Loss To Run For New Term

09:35, 18 Mai 2009
Romanian President Traian Basescu said Sunday evening at Realitatea TV that he neither confirms nor denies his potential candidacy for a new term, stressing he had put up with "tons of humiliations" over the past four years and a half.

Romanian President Sees Justice System On The Right Path

09:35, 18 Mai 2009
Romanian President Traian Basescu said Sunday evening at Realitatea TV that prosecutors sent to court over 20 files targeting politicians, which proves things in the justice sector have taken a good turn.

Marius Lacatus Steps Down As Steaua Bucharest Coach

20:59, 17 Mai 2009
Marius Lacatus resigned as coach of FC Steaua Bucharest on Sunday, May 17, according to a release on the football club’s official website.

Romanian Presidential Palace Overcrowded On “Open Gates” Day

20:00, 17 Mai 2009
Romanians rushed to visit the presidential Cotroceni Palace during the “Open Gates” event on Sunday, which managed to bring thousands of people together.

Romanian Posta Romana To Get EUR50M Loan From EBRD Until End-Oct ’09 – Min

18:52, 17 Mai 2009
Romania’s state-owned postal company Posta Romana will get a EUR50 million loan from the European Bank for Reconstruction and Development (EBRD), until the end of October 2009, for investments in mail sorting centers in Bucharest and Cluj-Napoca, communications minister Gabriel Sandu said Sunday.

Austrian Strabag Appeals Auction Result For Romanian Comarnic-Brasov Hwy Segment Constr

16:16, 17 Mai 2009
Austria’s Strabag Group appealed the result of the auction for the construction of the Comarnic and Brasov highway segment, which was won by the consortium formed of France’s Vinci Concession and Greece’s Aktor Concession, Adrian Ionescu, director with Romania’s Transport Ministry, told Mediafax.

Romanian Bancpost CEO: Keeping Banking System Liquid, Solvent Is A Priority

15:36, 17 Mai 2009
Mihai Bogza, CEO of Romanian lender Bancpost, told Mediafax that keeping the banking system liquid and solvent is a priority in times of economic crisis, adding that profit increase, although important, come second.

Romania Places 19th At 2009 Eurovision Song Contest, Norway Wins Trophy

09:46, 17 Mai 2009
Romanian singer Elena Gheorghe and her song "The Balkan Girls" placed 19th in the grand final of the 2009 Eurovision Song Contest early Sunday, May 17, in Moscow, while Norwegian singer Alexander Rybak won the contest with the upbeat ballad "Fairytale."

EBRD Signs EUR20.3M Financing Agreements With Romania’s Arad, Brasov Mayoralties

17:51, 16 Mai 2009
The European Bank for Reconstruction and Development (EBRD) concluded Saturday, in London, financing agreements worth a total EUR20.3 million with Arad and Brasov mayoralties, in western and central Romania, meant to refurbish local infrastructure.

Romanian PM Upbeat On Govt’s Ability To Revive Ailing Economy

16:38, 16 Mai 2009
Romanian Prime Minister Emil Boc said Saturday in northwestern city of Cluj-Napoca, at the launch of democrat liberal candidates for EP elections, that the government managed to curb the effects of the economic crisis, adding "Romania’s economy is likely to revive in the second and third quarters."

Romania’s Economy Is Not In Recession, Despite 6.4% Decrease In 1Q GDP – Pres

15:25, 16 Mai 2009
Romanian President Traian Basescu said Saturday, at the Congress of Romanian Students’ Union, that Romania’s economy is not in recession, despite the 6.4% contraction of the gross domestic product in the first quarter of 2009, adding the economy actually saw an upward trend in April.

Romanian Pres: Justice, Education, Healthcare- The Least Reformed Sectors

14:34, 16 Mai 2009
Romanian President Traian Basescu said Saturday, at the Congress of Romanian Students’ Union, that justice, education and healthcare are the least reformed sectors and cast the blame on political schemes and interests.

The Basarab Passage In Bucharest Is 30-35% Complete – Constructor

20:17, 15 Mai 2009
Representatives of construction company Astaldi said Friday works on the Basarab Passage in Bucharest are 30-35% complete, and construction will be started for the pillars on both sides of the river Dambovita in the next two weeks.

Romanian Embassy In Chisinau Receives Thousands Of Citizenship Requests Daily – Foreign Ministry

19:08, 15 Mai 2009
The number of requests for Romanian citizenship submitted to the Romanian embassy in the Republic of Moldova has increased to several thousand per day, the Romanian Foreign Ministry told MEDIAFAX Friday.

Campia Turzii-Gilau Segment Of Transylvania Hwy To Be Completed This Year – Romanian PM

18:13, 15 Mai 2009
Romanian Prime Minister Emil Boc, who will visit the construction site of the Transylvania Highway on Friday, gave assurance that the Campia Turzii-Gilau segment will be completed by the end of the year.

Romanian BCR Gives 12-Mo Grace Period To Troubled Clients

18:12, 15 Mai 2009
Banca Comerciala Romana, or BCR, the Romanian unit of Austrian Erste Bank, gives grace periods of up to 12 months to clients that face with financial problems due to the crisis, depending on each client, the bank’s president Dominic Bruynseels said Friday.

Romanian Sets Himself Ablaze In Rome Protesting Against Red Tape

16:49, 15 Mai 2009
One Romanian citizen set himself on fire in the center of Rome, protesting against the bureaucracy in Italy, Il Messaggero informed online.

Most Romanians Want Felonies Punished With Jail Time

16:06, 15 Mai 2009
Six out of ten Romanians want felonies to be punished with jail time and think fear of the penalty would discourage felons and current laws don’t stipulate punishments that discourage misdemeanors, according to a poll of Transparency International Romania (TI-Ro).

Romanian PM Is Confident The Economy Will Revive Soon

15:20, 15 Mai 2009
Romanian Prime Minister Emil Boc said Friday he chooses to see the glass half-full as regards the economic recession, pointing to some signs of an economic revival in March and April, such as increasing budget receipts and lower unemployment, despite grim data on first quarter GDP.

Romanian Prosecutors Indict Former Secret Service Head On Fraud, Forgery Charges

14:48, 15 Mai 2009
Romanian anticorruption prosecutors indicted former head of the country’s Secret service SRI on charges of fraud and forgery in connection with the illegal purchase of an apartment from the country’s state protocol authority RA-APPS.

Romanian Public Sector Pensions Calculated On Entire Activity – State Adviser

14:24, 15 Mai 2009
Romanian state adviser Mihai Seitan said Friday that the pension calculations will consider the entire active interval, not just the final months before retirement, and the calculation will be the same for all employees in the public sector.

Romanian President Sees Potential Romanian-Moldovan Border Treaty „Useless”

12:53, 15 Mai 2009
Romanian President Traian Basescu said Friday the signing of a border treaty between Romania and the Republic of Moldova is “useless”, stressing this is a prerequisite voiced out by the authorities in Chisinau for the agreement on small-scale border traffic between the two countries.

Romanian 1Q FDI At EUR1.46B, Dn 14% On Yr

12:17, 15 Mai 2009
Foreign direct investments, or FDI, in Romania were down 13.9% in the first quarter, at EUR1.46 billion, from EUR1.69 billion in the same period a year earlier, the central bank said Friday.

Romania’s Public Sector Unitary Pay Law To Include All Institutions – Labor Min

11:57, 15 Mai 2009
Romania’s labor minister Marian Sarbu said Friday that the single and unitary wage law for the public sector would be applied to all institutions, with no exceptions, including the country’s regulatory agencies, public and private pension regulators and the securities watchdog.

Romanian 1Q GDP -2.6% On Quarter, -6.4% On Year

10:07, 15 Mai 2009
Romanian gross domestic product in the first quarter posted its first fall in almost ten years, flash estimates from the National Statistics Institute, or INS, showed Friday.

Depeche Mode Cancels Bucharest Show

09:21, 15 Mai 2009
Depeche Mode on Thursday said it cancelled a concert in Bucharest due for May 16 on their Sounds of the Universe tour, following further complications from singer Dave Gahan’s severe bout of gastroenteritis.

Market Sensitive Indicators In The IMF Agreement Won’t Be Published – Romanian Ctrl Bk Gov

19:18, 14 Mai 2009
The market sensitive indicators in Romania's agreement with the International Monetary Fund will not be published, as in all the agreements there are included such indicators that may distort the markets, Romanian central bank governor Mugur Isarescu said Thursday.

CNN To Feature Romania In “Autumn Of Change” Series

17:57, 14 Mai 2009
American TV network CNN will produce several reports in Romania this year, as part of the series “Autumn of Change” on former Communist countries 20 years after the fall of the Berlin Wall, PR firm Links Associates said in a statement Thursday.