English

Retailers May Benefit From Intl Crisis, Layoffs – Rewe Romania

17:50, 03 Dec. 2008
Romanian retailers could take advantage of some of the international financial crisis effects, such as the layoffs in other sectors and the price stagnation of lands and constructions, according to Antonio Radu, Rewe Romania’s general manager on finances and administration.

Romania’s ’09 Avg Salary Seen Up 5% Vs Pvs F’cast Of 9%

17:49, 03 Dec. 2008
Romania’s average salary growth is seen at 5% in 2009, compared with the previous forecast of maximum 9%, Ion Ghizdeanu, president of the National Prognosis Commission, said Wednesday.

Romania’s Cefin Real Estate Postpones Projs On Lending Shortage

17:48, 03 Dec. 2008
Romanian developer Cefin Real Estate Asset Management will postpone the real estate projects it did not start due to difficulties in getting funds, while the undergoing constructions works are seen completed in due time, the group’s general manager Stefano Albarosa said Wednesday.

Romanian Pollution Tax For Cars Could Use Exponential Growth Format

17:46, 03 Dec. 2008
The Romanian pollution tax for cars will grow “exponentially” in ratio with the age of the car, and for cars older than eight years and costing some EUR1,000, the tax will exceed the purchase value.

Nearly 70% Of Parents In Romania Refused Uterine Cancer Vaccine For Their Girls

16:43, 03 Dec. 2008
Nearly 70% of parents in Romania refused to have their daughters vaccinated against uterine cancer, the Health Ministry said Wednesday.

Romania’s Rompetrol To Cut Pump Prices By RON0.10 Per Liter

16:12, 03 Dec. 2008
Romania’s second-largest oil company Rompetrol, owned by Kazakhstan's KazMunaiGaz, will cut Thursday its gasoline and diesel oil pump prices by 0.10 lei (EUR1= RON3.8379) per liter, the company said in a statement.

Talks Btw Romanian Social Democrats, Liberals Sidetrack On PM Office Claim -Sources

15:41, 03 Dec. 2008
Romanian leftist Social Democratic Party and the liberals gave up on forming a coalition government, as the latter would not back down on their wish to appoint the new premier and they failed to open up to negotiations, social democrat sources said Wednesday.

Romanian Social Democrats, Democrat Liberals Started Govt Talks – Sources

15:24, 03 Dec. 2008
The leaders of the Romanian Social Democratic Party and Democrat Liberal Party held initial talks these days, in which the democrat liberals proposed the Senate leadership to leftist leader Mircea Geoana, and a two-year Government leadership for each of the two parties.

Romanian Social Democrats Say Govt With Democrats Likelier Than With Liberals

15:04, 03 Dec. 2008
Romanian social democrats’ campaign manager Miron Mitrea said Wednesday that an alliance with democrat liberals is likelier than pone with liberals, but “nothing is set in stone”.

Romanian Democrat Liberals Have Moral Right To Claim PM Position – Party President

14:05, 03 Dec. 2008
Romanian democrat liberal leader Emil Boc said Wednesday democrat liberals have the moral right to claim the prime minister position, but the decision belongs to President Traian Basescu.

Lukoil Romania Cut Gas, Diesel Oil, LPG Pump Prices

13:59, 03 Dec. 2008
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, cut Wednesday its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON3.8090) and its liquefied petroleum gas prices by RON0.31 per liter, the company said in a statement.

Romania Might Up Car Tax For Used Cars, Up Bonus For Old Car Scraps

13:23, 03 Dec. 2008
Romania’s pollution tax for used cars could be increased in the government meeting Thursday, when the government also plans to increase bonuses granted for the scrapping of old cars to over EUR1,000, Prime Minister Calin Tariceanu said Wednesday.

Deutsche Post Completes Acquisition Of Romanian Carrier Cargus International

13:16, 03 Dec. 2008
Carrier and logistics company DHL International Romania announced Wednesday that the takeover of Romanian carrier company Cargus International by Deutsche Post was completed.

Romanian Agriculture Ministry To Launch Program Promoting Local Wine In Romania

12:25, 03 Dec. 2008
Romania’s Agriculture Ministry will launch next year a EUR400,000 advertising project promoting local wine in Romania.

Romanian Film “The Rest Is Silence” Among Propositions For Golden Globe Nominees

12:05, 03 Dec. 2008
"Restul e tacere"/ “The Rest Is Silence” by Romanian director Nae Caranfil is among the 53 propositions for Golden Lobe nominations for best foreign language film, among contenders such as "The Class" by , de Laurent Cantet and "Waltz with Bashir" by Ari Folman, variety.com reported.

Petrom, ExxonMobil Sign Deal To Explore Black Sea Offshore In Romania

11:30, 03 Dec. 2008
Romania's oil company Petrom and Mobil Exploration and Production Romania Ltd, a unit of US-based oil and gas corporation ExxonMobil, have signed an agreement to cooperate in exploring the hydrocarbon potential of the deepwater portion of the Neptun Block offshore Romania, Petrom stated Wednesday.

Romanian Anticorruption Prosecutors Hear Former PM In Graft Case

11:23, 03 Dec. 2008
Romania’s former Prime Minister Adrian Nastase arrived Wednesday morning at the National Anticorruption Department (DNA) to answer prosecutors’ questions in the file in which he is probed in connection with the funding of his election campaign in 2004, when he ran for president.

Romania 3Q Investments Up 23.6% Y-Y To RON24.95B

10:17, 03 Dec. 2008
Investments in Romania increased 23.6% on year in the third quarter of 2008, to 24.95 billion lei (EUR1=RON3.7617), according to the data released Wednesday by the National Statistical Institute, or INS.

Romania’s 3Q GDP Soars 9.1% On Yr To RON139.4B -2-

10:03, 03 Dec. 2008
Romania’s gross domestic product soared 9.1% on the year in the third quarter to 139.4 billion lei (EUR1=RON3.8090), and rose 8.9% in real terms in January-September period, the National Statistics Institute reported Wednesday.

Ctrl Bk To Also Approve Romanian Bks 2nd Tier Management

18:44, 02 Dec. 2008
Banks' second tier managers, such as treasury and arbitrage heads or risk managers, will also be approved by the National Bank of Romania, or BNR, like the executive management and administrators of the credit institutions.

EC Extends SAPARD Funds Payment Deadline For Romania, Bulgaria By One Year

18:41, 02 Dec. 2008
The European Commission adopted a decision Tuesday allowing Bulgaria and Romania to extend the deadline for payments of SAPARD funds by one year, from 31 December 2008 to 31 December 2009, according to a press release issued by the European Commission.

Romanian Democrat Liberals Obtain 166 MP Seats

18:34, 02 Dec. 2008
Romania’s centrist Democratic-Liberal Party, or PDL, obtained most of the MP seats following the Sunday parliamentary polls, latest data published by the election authorities showed Tuesday.

Liberals To Negotiate With Parties Closest To Its Program – Official

16:29, 02 Dec. 2008
Romania’s transport minister and vice-president of the Liberal Party, Ludovic Orban, said Tuesday liberals will negotiate with the party that offers the most guarantees and their main conditions are related to the governing program and the prime minister position.

Romanian Liberals Might Find Opposition Therapeutic – Official

16:23, 02 Dec. 2008
Romanian liberal deputy president Puiu Hasotti on Tuesday said the liberals might find it therapeutic to stay in opposition after four years of ruling, but that the country should continue managing the economic crisis under the leadership of Premier Calin Popescu Tariceanu.

Romanian PM Says Solution For Stability And New Govt Need To Be Found Fast

16:18, 02 Dec. 2008
Romanian Prime Minister Calin Tariceanu said Tuesday before a Liberal Party meeting that politicians need to find a solution to make up a stable government as soon as possible and said liberals will have over 20% of seats in Parliament after redistribution.

Romania’s Petrom Cuts Fuel Prices By RON0.09/Liter

15:54, 02 Dec. 2008
Romania’s largest oil company Petrom SA (SNP.RO) will cut Wednesday fuel prices by 0.09 lei (EUR1=RON3.8090) per liter, the company said in a statement.

Romanian Social Democrat Leader Calls For Talks On Future Govt ASAP

15:33, 02 Dec. 2008
Romanian social democrat leader Mircea Geoana addressed Tuesday an invitation to leaders of all political parties that made parliament to start talks and form a government as soon as possible.

Over 400 Turceni Employees Might Meet Retirement Conditions By 2015

15:02, 02 Dec. 2008
The Gorj County Pension House will analyze 421 files of employees at Romanian state-run thermal power producer Turceni meeting retirement conditions by 2015, so that the company would be able to set up a proper medium term human resources policy, the plant’s representatives said Tuesday.

Romanian Red Cross Organizes World Aids Day Actions In Bucharest

15:01, 02 Dec. 2008
The Red Cross organized Tuesday in Universitatii Square in central Bucharest several actions to mark World AIDS Day, with the main message that the illness is not caught at work or at school and those who carry it must not be discriminated.

Democrat Liberals Gained 17 Lawmaker Seats In Bucharest, Social Democrats Got 14, Liberals 7

14:54, 02 Dec. 2008
The head of the Bucharest Election Office, Alin Visan, said Tuesday that democrat liberals got 12 deputy and five senator seats in Bucharest, the social democrat and conservative alliance got 12 deputy and five senator seats, while liberals got five deputy and two senator seats.

Romanian Liberals Ready To Be In Opposition If Tariceanu Isn’t PM – Official

13:54, 02 Dec. 2008
Romanian liberals’ campaign manager Bogdan Oltean said Tuesday that the Liberal Party, which came in third in the parliamentary polls Sunday, continues to back the idea of a government headed by Calin Tariceanu and will not hesitate to be in opposition otherwise.

Romania’s Forex Reserves Dn EUR90M In Nov To EUR27.23B

13:23, 02 Dec. 2008
Romania’s foreign exchange reserves decreased by EUR90 million in November to a total of EUR27.228 billion, the central bank said in a statement Tuesday.

Final Results: Four Parties And Minorities To Make Up Romanian Parliament

13:19, 02 Dec. 2008
Romania’s Central Election Office announced Tuesday the final result of the parliamentary election held Sunday and the country’s new Parliament will be formed of the social democrat and conservative alliance, democrat liberals, liberals, the Hungarian minority party and representatives of other national minorities.

Romanian Democrat Liberals Mainly Consider Majority With Liberals – Party Leader

12:43, 02 Dec. 2008
Romania’s Democratic Liberal Party leader Emil Boc said Tuesday the party’s main choice to form a majority in Parliament is the Liberal Party, but that is not the only option.

Car Mkr Renault Ponders New Logan Generation

12:36, 02 Dec. 2008
The new generation of Romanian Dacia Logan cars, which will replace the current model, will be chosen early next year by the leaders of the Renault group Renault, from two possible variants. The car will be marketed in 2010, at the earliest, or 2012, according to RTR manager Philippe Prevel.

Romania’s RTR Center To Continue Invest, Employments Despite Intl Fincl Crisis

12:27, 02 Dec. 2008
Renault Technologie Roumanie center, a unit of French Renault group, will complete its investments in the auto-testing unit in the southern Romanian Dambovita county in 2009, and will continue hiring notwithstanding the international financial crisis already affecting the auto sector.

Romanian Pensioners Queued All Night For Spa Tickets

11:57, 02 Dec. 2008
Hundreds of Romanian pensioners queued since Monday night in front of the Pension House in Craiova, southern Romania, and in Cluj, northwestern Romania, in order to submit applications for tickets to spa resorts for next year.

Romanian Social Democrats To Negotiate Will All Parties To Form Majority – Official

11:44, 02 Dec. 2008
Romanian social democrats, who won parliamentary elections Sunday, will discuss with all other parties with high scores to negotiate a majority in parliament and form the future government, the party’s national council president Adrian Nastase said Tuesday.

Romanian Social Democrats Win Elections, Followed Closely By Liberal Democrats

10:15, 02 Dec. 2008
Romanian social democrats gained 33.09% of votes for the Chamber of Deputies, followed by democrat liberals with 32.36%, liberals with 18.57%, the Central Election Office said Tuesday morning after the counting of all ballots cast countrywide in the parliamentary election held Sunday.

Record Attendance At Presidential National Day Reception

20:56, 01 Dec. 2008
The Romanian head of state organized, Monday evening, the usual annual National Day reception, but this year the attendance was higher than in previous years.