English

Romania’s Petrom Sees 09 Net Pft Up 8.6% At RON1.11B

10:16, 29 Apr. 2009
Romania's largest oil company Petrom (SNP.RO) estimates its net profit will rise to 1.11 billion lei (EUR1-RON4.2290) in 2009, up 8.6% compared with RON1.02 billion in the year earlier.

Romania Railway Employees Protest In Bucharest Over Potential Job Cuts

10:10, 29 Apr. 2009
Several hundreds railway employees arrived Wednesday morning in Bucharest to attend protests against the Transport Ministry’s planned restructuring program targeting the entire railway system.

Romania Freezes Public Sector Wages Until Yearend

09:25, 29 Apr. 2009
The Romanian government approved the draft emergency act freezing public sector wages between May 1 and December 31, which actually extends a recent government decision to postpone wage hikes, which expires end April.

Romanian Govt Mulls Selling 12,843 ANL Houses To Tenants

19:43, 28 Apr. 2009
Romanian government will ask the local councils to change the legal status of 12,843 houses rented to youngsters by the National Housing Agency in order to sell them to the tenants, Housing Minister Vasile Blaga said Tuesday.

Sterling Deems All Charges Against It Are False, Romanian State Is Sole Culpable

19:16, 28 Apr. 2009
The vice-president of Canada’s Sterling Resources, Stephen Birrell, said Tuesday that all the accusations against Sterling are false, and the Romanian state is the only culpable by self-annulling the right to benefit from a share of the oil production in the Black Sea.

Romanian National Defense Council Postpones Army Outfitting Plan Approval

19:10, 28 Apr. 2009
The Romanian High Council for National Defense postponed Tuesday, until a later meeting, the approval of the plan for the outfitting of the Army, since this plan will be discussed in Government, the Presidency announced, adding the Army outfitting Strategy, however, has been approved.

Romania Considers Freezing Salaries Until Dec 31 – Sources

18:42, 28 Apr. 2009
Romanian government will discuss Tuesday a draft emergency act that freezes salaries in the public sector, including in the education, government sources said.

Romanian Transport Ministry Official Denies Plans To Scrap 12,000 Jobs In Railway Sys

16:32, 28 Apr. 2009
Romanian Transport Ministry officials are “surprised” that railway employees will rally on Wednesday and said the ministry sent the railway company CFR variants to render its activity more efficient, not a plan to scrap 12,000 jobs.

Romania Ftbl Federation To Vote On Coach Lucescu’s Nomination Wed

16:06, 28 Apr. 2009
Romania’s Football Federation (FRF) will discuss on April 29 appointing coach Razvan Lucescu at the helm of the national team, FRF general manager Ioan Angelo Lupescu said Tuesday.

Romanian Econ Min Changes Transgaz Board, Names New Pres

16:01, 28 Apr. 2009
The Romanian Economy Ministry, the majority shareholder of state-owned gas pipeline operator Transgaz (TGN.RO), appointed Tuesday five members of the company’s Board of Directors, and a new board president, namely Victor Alexandru Schmidt, a director in the ministry.

Romanian Parliament Endorses ’09 Budget Revision

14:49, 28 Apr. 2009
The Romanian Parliament approved Tuesday the emergency ordinance on the 2009 budget revision, which is based on a 4% economic contraction and a deficit target of 4.6% of the gross domestic product.

Romanian Cos Running EU-Funded Projs May Be Exempt From Min Tax

14:33, 28 Apr. 2009
Companies founded this year to unfold investments using non-reimbursable EU funds that don’t yet have turnovers may be exempt from paying a minimum tax, Finance Ministry state secretary Cosmin Coman said Tuesday.

Romanian Fin Ministry Lacks Data Of Min Tax Grid Setup

14:16, 28 Apr. 2009
Romania’s Finance Ministry does not currently have a database and a grounding for the figures behind the minimum tax grid, the secretary of state within the ministry Cosmin Coman said Tuesday.

Tickets For Romanian Music Festival “Peninsula” On Sale Now

12:45, 28 Apr. 2009
Tickets and full passes for “Peninsula” festival, to be held between July 23 and 26 near the Romanian city of Targu Mures, are on sale now, priced at 80 lei (EUR1=RON4.2218) for one day and RON199 for the full four days.

Three Former Athletes To Promote Romanian Tourism Internationally

12:36, 28 Apr. 2009
Romanian tourism will be promoted for one year by the country’s former gymnast Nadia Comaneci, former tennis player Ilie Nastase and former football player Gheorghe Hagi, after the ministry signed a contract Tuesday with lender BRD-Groupe Societe Generale.

Foreign Min: Romania Will Not Grant Visas To All Moldovans

11:30, 28 Apr. 2009
Romania’s foreign minister Cristian Diaconescu on Tuesday said he explained at the reunion of the General Affairs & External Relations Council (CAGRE) that the decision to grant Romanian citizenship to Moldovans does not entail mass visa grants, but individual assessments.

Romanian Police Detain Alleged Thieves Of Steaua Owner’s Car

09:44, 28 Apr. 2009
The three people who allegedly stole the car of Romanian Steaua Bucharest owner Gigi Becali in January were detained by police Tuesday morning after several searches at homes in Mogosoaia, about 10 kilometers outside of Bucharest.

Romanian Cos To Deduct VAT On Cars Used For Passengers, Goods Transp – Off

21:00, 27 Apr. 2009
The value added tax (VAT) on cars purchased for both passengers and goods transportation is deductible for vehicles specifically designed for both activities, Finance Ministry secretary of state Gratiela Iordache said Monday.

Romanian 1Q Overdue Loans At RON4.46B, Up 56% From End-08

20:27, 27 Apr. 2009
Romanian overdue loans rose to 4.46 billion lei (EUR1=RON4.2218) at the end of the first quarter, 55.9% higher than RON2.86 billion at the end of December 2008, according to data published Monday by the central bank.

Over 400 Romanians Live In Mexico, Tourist No Unknown – FM

18:25, 27 Apr. 2009
Romanian Foreign Ministry on Monday said that over 400 Romanians are currently residing in Mexico, but the figures might be higher when adding tourists.

Romania’s Proprietatea Fund To Be Listed By Yearend – Board Member

18:00, 27 Apr. 2009
Romanian investment fund Fondul Proprietatea will be listed on the Bucharest Stock Exchange by the end of the year, head of privatization authority AVAS and member of the Fund’s Board, Mircea Ursache said Monday.

Romanian March Private Lending Dn 2.6% M-M To RON202.6B

17:04, 27 Apr. 2009
Romanian private lending fell in real terms by 2.6% on the month in March to 202.62 billion lei (EUR1=RON4.2218), but was up 15.4% compared with the same month of 2008, the central bank said in a statement Monday.

Bucharest Mayor Wants To Step Up Building Refurbishment After Quake

16:41, 27 Apr. 2009
Bucharest Mayor Sorin Oprescu on Monday urged the ministries of Housing and Culture and district mayoralties to “tighten co-operation” and step up refurbishment of buildings in danger of collapsing.

Romanian Govt To Approve Swine Flu Prevention Plan Tuesday

16:35, 27 Apr. 2009
The Romanian government will approve swine flu prevention measures in the Cabinet meeting Tuesday and all institutions in charge are already applying EU-recommended measures, interior minister Dan Nica said Monday after a meeting of the National Committee for Emergencies.

Romanian President To Discuss Decentralization Ordinance With Govt Coalition Heads

15:43, 27 Apr. 2009
Romanian democrat liberal vice president Theodor Stolojan said Monday that the ordinance on the decentralized institutions will be amended within Parliament debates and president Traian Basescu will discuss this matter with the leaders of the two governing parties.

Mass Grave Containing Romanian Anti-Communist Fighters, Discovered In N Romania

14:42, 27 Apr. 2009
A mass grave containing three members of Romanian anti-Communist resistance organization “White Guard” was discovered Monday three kilometers from the village of Nepos, near the northern Romanian city of Bistrita-Nasaud.

Tax Code Talks Between Romanian Fin Min, Employers, Suspended On Disagreements

14:27, 27 Apr. 2009
The talks between Romania’s Finance Ministry and employers' associations representatives on the Tax Code enforcement norms were suspended Monday, after employers withdrew from negotiations because the Government didn't comply with the conditions previously agreed.

Romania Interior Min, Telecom Operators To Convene Monday Over Quake-Related Malfunctions

13:45, 27 Apr. 2009
Romanian interior minister Dan Nica summoned the country’s fixed and mobile telephony operators at the ministry headquarters Monday evening, 18:00 local time, to try and establish what triggered malfunctions in telephony networks after the low-intensity earthquake Saturday evening.

Traian Basescu Is President Of Moldova, Says Washington Times

13:33, 27 Apr. 2009
American daily Washington Times wrote, in a statement published in its Monday online edition, that Romanian President Traian Basescu is the President of the Republic of Moldova.

Romania FM Calls On Romanians To Steer Clear Of Mexico Over Swine Flu Outbreak

11:47, 27 Apr. 2009
Romania’s Foreign Ministry advised Romanian citizens to avoid trips to Mexico, unless absolutely necessary, following swine flu cases caused by a potentially deadly virus, which is transmitted between people.

Romania’s Third Oncologic Institute To Open In Iasi – Health Min

11:00, 27 Apr. 2009
The Romanian Health Ministry will open the country’s third oncologic institute in the northeastern city of Iasi, together with a department for bone marrow transplant, health minister Ion Bazac told MEDIAFAX Monday.

Romanian Food Safety Auth Started Swine Flu Prevention Though No Suspicion Was Reported

17:08, 26 Apr. 2009
Romania’s Sanitary Veterinary and Food Safety Authority started actions for the prevention of swine flu, even though no cases or suspicions of the illness have been reported, regulator president Marian Zlotea told MEDIAFAX Sunday.

Romanian Sailor Kidnapped In Nigerian Delta Released – Foreign Ministry

16:17, 26 Apr. 2009
A Romanian sailor kidnapped in January in the Niger Delta was released, is in good health and is expected to return to Romania in the following days with the help of the Romanian Embassy in Abuja, Nigeria, the Romanian Foreign ministry said in a press release Sunday.

US Attorney Says Trial Of Mohammad Munaf Is Stalling Because Of Romanian Authorities

14:38, 26 Apr. 2009
An American lawyer said the trial in Iraq of American-Iraqi citizen Mohammad Munaf, who helped kidnap three Romanian journalists in Iraq in 2005, is stalling because Romanian authorities are not responding to requests of Iraqi investigators and Munaf’s defense attorneys.

Romanian Govt To Let Local Authorities Manage Ports, Airports, Hospitals, Auto Registry Departments

13:54, 26 Apr. 2009
Romania’s decentralization process will allow local authorities to manage local departments and units of central government structures, such as farming departments, local auto registry departments, hospitals, ports, airports and will imply amending the country’s main administrative laws.

Romanian Govt To Borrow About EUR1B This Year Via Foreign Loans For Investments

12:54, 26 Apr. 2009
Romanian ministries will borrow 4.1 billion lei (about EUR1 billion) this year via external loans, which it plans to use for investments mainly in transports, environment and regional development, official sources told MEDIAFAX Sunday.

Romania’s Farming Subsidy Per Hectare To Increase By EUR35 – Minister

11:00, 26 Apr. 2009
Subsidies per hectare for Romanian farmers will increase to EUR142 from the current EUR107, as the European Commission has promised to raise the subsidy by EUR35, Romanian agriculture minister said Saturday.

Two Attacked And Shot On The Street By Ten People In Eastern Romania

19:16, 25 Apr. 2009
Two men, father and son, were beaten and shot Saturday afternoon by a group of eight to ten people in the eastern Romanian city of Galati.

Romanian Tourism Minister Says Holiday Ticket Law Is Working

15:23, 25 Apr. 2009
Romanian tourism minister Elena Udrea told a news conference Saturday that the law of holiday tickets is working, adding she is insisting on this aspect because many people don’t know about this law.

Over 200 Bikers Attended Rally In Bucharest For Safer Traffic

15:06, 25 Apr. 2009
Over 200 motorcyclists attended a rally Saturday in the Constitution square in capital city Bucharest, part of the national campaign “There are motorcyclists in traffic” meant to raise drivers’ awareness.