English

Romanian Ctrl Bk Bought EUR10B In ’05-’07 Period

19:37, 06 Feb. 2009
The National Bank of Romania, or BNR, bought around EUR10 billion from the inter-bank market, between 2005 and 2007, to balance the leu exchange rate, central bank governor Mugur Isarescu said Friday.

Italian Police Arrests Romanian Attempting To Rape Italian Woman

19:17, 06 Feb. 2009
A Romanian, aged 19, was arrested in Rome suburbs after being caught trying to rape an Italian woman, La Repubblica said in Friday’s online edition.

Romanian Double Homicide Suspect Heard By Prosecutors

17:06, 06 Feb. 2009
The prime suspect in the double homicide at an exchange office in central Romanian city Brasov was heard Friday by prosecutors within the Brasov Court of Appeal, court spokesperson Ramona Diaconu told MEDIAFAX.

Four Tons Of Cocaine Bound For Romania, Seized In Brazil

16:27, 06 Feb. 2009
The Brazilian police seized Thursday in Paranagua port four tons of cocaine bound for Romania, hidden inside lumber containers, television station Globo said.

Romanian State-Owned Subway Co Gets New Chief

15:54, 06 Feb. 2009
The shareholders of Romanian state-owned subway company Metrorex appointed former Bucharest infrastructure and public services chief Gheorghe Udriste in the position of general manager of the company.

Romania Must OK Any Transfer Of Rights In Canada’s Sterling Deal

15:20, 06 Feb. 2009
Canada’s Sterling Resources will not be able to transfer, either in full or in part, any of the rights, privileges or obligations undertaken in the agreement with Romania’s Mineral Resources Agency ANRM, to any person or company, without the prior written consent of the agency.

Sterling To Pay Romania Oil Dues Worth 3.5%-13.5% Of Gross Prod

15:15, 06 Feb. 2009
Canadian company Sterling will pay the Romanian state quarterly oil dues between 3.5% and 13.5% of the value of gross production of crude oil and gas, depending on the volume of production, computed based on reference prices set up by Romania’s Mineral Resources Agency ANRM, according to the Oil Law.

Spanish Police Arrests 19 Romanians Under Exploitation Charges

15:05, 06 Feb. 2009
Nineteen Romanians were arrested in Spanish cities Barcelona and Valencia, suspected of having exploited 27 other Romanians, by forcing them into labor or begging, according to the Spanish Ministry of Interior, quoted by AFP.

Romanian Leftist Ex-PM Wants Court Day To Prove Innocence

14:30, 06 Feb. 2009
Romanian social democrat MP Adrian Nastase said Friday in a debate on the amendment of the Constitution that he will ask the Parliament to recommend the sending of his criminal investigation files to court.

Romania Granted Sterling Exclusive Oil Drilling Rights In Black Sea Blocks

13:19, 06 Feb. 2009
The appendix of the oil drilling contract closed between Romania’s Mineral Resources Agency ANRM and Canadian company Sterling Resources stipulates the exclusive right of drilling operations on two Black Sea oil resources blocks.

Monetary Policy Cannot Be Eased Until Fiscal Constraints Become Effective – Romanian Ctrl Bker

12:43, 06 Feb. 2009
The National Bank of Romania, or BNR, will not further ease the monetary policy until fiscal constraints and salary restriction measures become effective, the central bank governor Mugur Isarescu said Friday.

Lukoil Romania Hikes Gasoline Prices, Keeps Diesel Oil Prices Unch

12:03, 06 Feb. 2009
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, hiked Friday its gasoline prices by up to 0.29 lei (EUR1=RON4.2872), keeping the diesel oil prices unchanged, the company announced.

Romanian Ctrl Bk Keeps ’09 Inflation Forecast Of 4.5%

11:43, 06 Feb. 2009
The National Bank of Romania, or BNR, maintained its forecast for the 2009 inflation rate at 4.5%, the central bank governor Mugur Isarescu said Friday.

Romania’s ’09 Budget Draft To Be Debated By Parliament’s Commissions In 10 Days

11:30, 06 Feb. 2009
Roberta Anastase, the president of Romania's Chamber of Deputies, said Friday that the 2009 state budget draft was sent to the Parliament and will be debated by the two chambers’ commissions in about 10 days.

Romanian, Ukrainian Presidents Discuss ICJ Decision

19:50, 05 Feb. 2009
Romanian president Traian Basescu held a telephone conversation with Ukrainian president Viktor Yushchencko, in which they both agreed that the two countries will observe the decision reached by the International Court of Justice in the maritime delimitation case.

Romanian Pvt Sector Wages To Drop In ’09, Hit Consumption – Analysts

19:49, 05 Feb. 2009
The salaries of employees in the Romanian private sector will have a negative evolution this year, in real terms, which will fuel a significant decrease in consumption, analysts said, adding a drop in salaries, in nominal terms, is not out of the question.

Romanian Govt Ponders Freezing Dignitary Wages In ’09

19:44, 05 Feb. 2009
The Romanian government proposes the freezing of salaries in 2009 for dignitaries and positions assimilated to public dignities.

Romanian PM, Canada’s Sterling Agree To Declassify Exploration Contract

19:39, 05 Feb. 2009
Romania’s Prime Minister Emil Boc announced Thursday the declassification of the additional contract signed between the country’s Mineral Resources Agency ANRM and Canada’s Sterling Resources.

Romanian Pwr Plant Rovinari Checked For Bribe By Prosecutors

19:36, 05 Feb. 2009
Romania’s National Anticorruption Department DNA started to verify the accusations made by a former financial manager with an US California-based plant, who claimed to have bribed the representatives of state-run thermal power producer Rovinari to get some contracts.

Romanian Govt Oks ’09 Draft Budget

18:29, 05 Feb. 2009
The Romanian government approved the 2009 draft budget, which will be sent to Parliament Friday, government sources told MEDIAFAX Thursday.

Romanian PM Dismisses Energy, Consumer Protection Auth VPs

18:02, 05 Feb. 2009
The vice-president of Romania’s National Energy Authority ANRE, Carmen Filipescu, and the vice-president of the National Authority for Consumer Protection ANPC, Gheorghe Ciubotaru, were dismissed, by the prime minister, on request

Romanian Leu Up Vs Euro, Most Appreciated In the Region

17:25, 05 Feb. 2009
The Romanian currency gained almost 1% against the euro on Thursday and was the most appreciated currency in the region, dealers suspecting the central bank stepped into the market to support the leu.

Rompetrol Denies Relation With Black Sea Blocks Issue, Accuses “Political Manipulation”

17:22, 05 Feb. 2009
Dinu Patriciu, the general manager of Romania's oil group Rompetrol, Thursday denied any connection between him or Rompetrol group and the Black Sea blocks issue, and said the recent media frenzy is a "political manipulation."

Romanian Rompetrol Well Services Administrator Resigns

16:58, 05 Feb. 2009
Nicolae Vidu, an administrator of Romanian Rompetrol Well Services, a unit of country's second-largest oil company Rompetrol Group NV, resigned Thursday, on eliminating any speculations regarding the connection between Rompetrol, Sterling Resources and Midia Resources, Rompetrol group said.

Romanian Prosecutor Heads Roll In Convict Escape Aftermath

16:35, 05 Feb. 2009
Romania’s High Council of Magistrates decided, by majority of votes, to dismiss first-prosecutor within the Dolj Court Gheorghe Stoian, assistant prosecutor Tena Moraru and chief-prosecutor within the Judicial Department of the Dolj Court, Ioana Sandu.

Over 1,200 People To Lose Job Until March In S Romania

15:50, 05 Feb. 2009
Over 1,200 employees in Constanta county, southern Romania, will remain jobless after the first months of 2009.

Romanian Agric Min Finds Flaws In Agric Payment Agency Procedures

15:43, 05 Feb. 2009
The computer system of the Romanian Agency for Payments in Agriculture, used for the processing of payment requests, is flawed, file completion deadlines are pushed back and employee attributions overlap, according to an analysis of the Ministry of Agriculture.

Cos In Suceava County, NE Romania, Fired 1,800 People In Dec, Jan

15:21, 05 Feb. 2009
About 1,800 employees in Romania’s northeastern county of Suceava were laid off in December and January, most of them working in the wood manufacturing and constructions sectors, or in furniture and bearings production.

Dacia Concept To Be Showcased In Geneva, Web Teasers Real – Sources

15:10, 05 Feb. 2009
Romanian carmaker Dacia, unit of French Renault, will unveil a concept car at the Geneva show in March, derived from the Sandero hatchback, sources with Dacia-Renault plant said Thursday.

Romanians To Benefit From Interactive Website For Telecom Tariff Comparison

13:55, 05 Feb. 2009
Romania’s National Communications Authority (ANC) will set up an auction to acquire a web application allowing clients or future subscribers of telecom operators to compare tariffs and conditions for use of fixed and mobile telephony services, as well as Internet services.

Romanian Forestry Co Romsilva To Lay Off 1,000 Employees In 2009

13:46, 05 Feb. 2009
Romanian forest administration company Romsilva will lay off at least 1,000 employees this year, following forests reconveyance and reorganization, the company’s general manager, Florian Munteanu, said Thursday.

Romanian Ctrl Bk Rate Cut Impact Deemed Modest – Analysts

19:38, 04 Feb. 2009
Romanian central bank’s decision to cut the key rate will not have a significant impact upon inter-bank interest rates that will have been slashed more aggresive if the central bank would have reduced the minimum required reserves ratios for leu liabilities, economic analysts said Wednesday.

Romanian Trans Min Blames Ex-Min For Roads Authority’s ‘Difficult’ Situation

18:58, 04 Feb. 2009
Romania’s public roads authority CNADNR might see its accounts blocked over unpaid debts, said Transport Minister Radu Berceanu, who blames former minister Ludovic Orban for this situation.

Romania’s RomTelecom May Buy Boom TV For EUR50M – Sources

18:57, 04 Feb. 2009
Romania's largest fixed-line operator RomTelecom, majority-owned by Hellenic Telecommunications Organization, or OTE, might take over digital satellite television Boom TV, operated by DTH Television Group, for EUR50 million, sources close to the matter told MEDIAFAX on Wednesday.

IMF Advises Romania To Further Cut Budget Spending

18:56, 04 Feb. 2009
The International Monetary Fund, or IMF, advised the Romanian authorities to harshen fiscal policy by significantly cuts in public spending, as revenues for 2009 are unpredictable and grounded on a too optimistic economic growth forecast, governmental sources told MEDIAFAX.

Romanian Liberals To Hold Congress On March 20-21

18:46, 04 Feb. 2009
The Standing Delegation within the Romanian National Liberal Party decided Wednesday, with a wide majority of votes, to call an extraordinary party congress on March 20-21, said party president Calin Tarceanu.

Romanian PM Sacks Min Resources Agency Head, Calls For Lease Contract Declassification

17:39, 04 Feb. 2009
Romanian Prime Minister Emil Boc sacked the head of Mineral Resources Agency ANRM, Bogdan Gabudeanu, and asked for the declassification of the government decision approving the appendix of the Black Sea reserves lease contract.

IMF: Romanian Economy May Shrink In ‘09

17:37, 04 Feb. 2009
The International Monetary Fund, or IMF, said Wednesday that Romania’s economy might shrink in 2009, due to a severe weakening in all economic areas.

Romanian Environ Min Checks Only Environment Aspects In Govt Decisions On Lease Contracts

15:57, 04 Feb. 2009
Romanian Environment Ministry only checked the environment aspects in the appendix of the Black Sea reserves lease contract, according to the law, without knowing the nature of the contract, former environment minister Korodi Attila stated Wednesday.

Michelin To Reduce Production At Two Romanian Units In Feb

15:54, 04 Feb. 2009
Michelin Romania, the local division of French tire maker Michelin Group, will halt production on Saturdays, Sundays and Mondays in February at Silvania plant and on Sundays at RomSteel Cord, both located in Zalau, northwestern Romania, sources close to the matter said Wednesday.