English

Romanian Lender BCR Launches Variable Interest Loans Linked To ROBOR, EURIBOR Rates

13:47, 21 Ian. 2009
Romanian Banca Comerciala Romana, or BCR, launched new loans with variable interest rates based on interbank indices ROBOR (Romanian Interbank Offer Rate) and Euribor (Euro Interbank Offered Rate) and also eliminated certain fees.

Romanian Social Democrat Leader Urges For Public Debate On Personal Data Storage

13:42, 21 Ian. 2009
Social democrat leader Mircea Geoana on Tuesday said Romania still faces many suspicions about the misuse of instruments to store personal data, which should be eliminated via public debates.

Romanian Leu Indicative Rate Hits New All Time Low At RON4.3098 Vs Euro

13:29, 21 Ian. 2009
The Romanian central bank published Wednesday an exchange rate of RON4.3098 to the euro, marking a new all-time low for the Romanian leu against the European currency.

Romanian Econ Min: Russian Gas Imports Resume As Of Wed

12:24, 21 Ian. 2009
Romanian Economy Minister Adriean Videanu said in a press conference that Romania's gas imports from Russia resumed as of Wednesday morning.

Romania’s New Interior Minister Takes Over Portfolio

11:17, 21 Ian. 2009
Romania’s new interior minister, Liviu Dragnea, took over his portfolio Wednesday in the presence of Senate Chairman, social democrat leader Mircea Geoana, and deputy prime minster Dan Nica.

Romanian ArcelorMittal Hunedoara Resumes Ops Early-Wed

10:31, 21 Ian. 2009
Romanian steel mill ArcelorMittal Hunedoara resumed operations early Wednesday, after production had been halted in October 2008, the company announced.

Austria’s OMW Grants Romania’s Petrom EUR500M Loan

10:20, 21 Ian. 2009
Romania’s dominant oil company Petrom (SNP.RO) obtained a revolving-type financing of up to EUR500 million from its main shareholder, Austrian group OMV, the company announced Wednesday in a press release.

Romanian Flamingo Mulls Closing 15 Stores In Jan, On Lower Sales

19:47, 20 Ian. 2009
Romanian IT&C, white and brown goods retailer Flamingo International (FLA.RO) will close until the end of January around 15 small stores due to lower sales, the executive manager of Flamingo Group Jiri Rizek said Tuesday.

Romanian Pres: EC’s Forecast On ‘09 Budget Def Is Accurate If All ‘08 Laws Enforced

19:13, 20 Ian. 2009
European Commission’s estimation on Romania’s 2009 budget deficit of 7.5% of the gross domestic product is accurate if all of the 2008-adopted laws will be applied, Romanian president Traian Basescu said Tuesday.

Bucharest Court Dismisses NGO Appeal On Tripple Car Tax

17:48, 20 Ian. 2009
The Bucharest Court of Appeals on Tuesday summarily dismissed an appeal filed by non-government organization “The Commissariat for Civil Society” to annul an ordinance tripling the tax on used cars, as the mentioned act was already annulled.

Romanian Transporters Threaten To Protest Wednesday

17:03, 20 Ian. 2009
Three federations of Romanian transporters said they will organize a rally Thursday, displeased with the high number of taxi authorizations granted and the resuming of public transport between capital city Bucharest and surrounding Ilfov county, which puts private minibuses out of business.

Ex PM Brings Former Govt Issues To Inner Party Battle

17:02, 20 Ian. 2009
Romanian former prime minister Calin Tariceanu said he is displeased with the performance of the former transport minister regarding the pursuit of the contract with American company Bechtel, for the construction of the Transylvania Highway.

Romanian Telecom Data To Be Recorded Come Wednesday, Norms Pending

15:58, 20 Ian. 2009
The draft norm setting the methodological norms to the law on the recording of data generated or processed by communication suppliers will be put up for public debate Wednesday, January 21, when the law comes into force, the Ministry of Communications said Tuesday.

Romanian Ex-PM Indicted On Influence Peddling

15:32, 20 Ian. 2009
Romanian anticorruption prosecutors on Tuesday indicted former prime minister Adrian Nastase on charges of influence-peddling while leading the country’s leftist Social Democratic Party, or PSD.

Romanians’ Income Can Hike In Real Terms – Erste Official

15:04, 20 Ian. 2009
Romania remains one of the Central and Eastern European countries in which population's income can increase in real terms, the chief financial officer of Austrian lender Erste Group Bank, Manfred Wimmer, said during a press conference held Monday in Vienna.

Romania Is Part Of New Heroin Distribution Network- Police Dept Head

15:02, 20 Ian. 2009
Petre Toba, head of the Romanian General Police Department, said Tuesday that recent information indicates Romania was included in a new heroin distribution network operating from Afghanistan towards Western countries.

Competition To Sharpen On Romanian Telecom Mkt In ’09 – Report

14:48, 20 Ian. 2009
The competition between economic operators in Romania will intensify in 2009, with companies focusing on keeping their customers, according to the report "TMT Predictions (telecom, media, technology) for 2009," published by audit company Deloitte.

Romanian Telecom Ops Compelled To Unblock Cell Phones To Other Providers – Draft Law

14:14, 20 Ian. 2009
Romanian telecom operators might be compelled to unblock cell phones locked to any service provider, according to a draft decision of the National Communications Authority, or ANC.

Romanian Teachers Ask 6% Of GDP For Education, Threaten To Resume Protests

13:40, 20 Ian. 2009
Romanian unionists in education on Tuesday threatened to resume protests unless the education system is assigned 6% of the gross domestic product so that teachers receive the promised 50% salary raise.

Romanian ArcelorMittal Hunedoara To Resume Ops Wed

13:36, 20 Ian. 2009
Romanian steel mill ArcelorMittal Hunedoara might resume operations early Wednesday, after its first attempts this week failed on bad weather conditions that affected the plant’s equipments.

Romanian Leu Hits Fresh All Time Low At RON4.3025 Vs Euro

13:24, 20 Ian. 2009
The Romanian leu touched a new all-time low on Tuesday, as the central bank computed an indicative rate of RON4.3025 to the euro.

Romanian Govt, Social Partners Continue Talks On Anti-Crisis Measures

13:03, 20 Ian. 2009
The Romanian government and its social partners, namely unions and employers’ associations, continued talks Tuesday regarding anti-crisis measures and proposals aiming to help the country better cope with the economic crisis.

Romanian Tranp Min Wants Cluj-Bors Highway Section Complete By 2012

12:06, 20 Ian. 2009
Romanian transport minister Radu Berceanu said Tuesday, ahead of a meeting with official off U.S. constructor Bechtel, that he wants the Cluj-Bors segment of the country’s Transylvania Highway completed by 2012.

Romanian President Signs Decree Appointing New Interior Minister

11:44, 20 Ian. 2009
Romanian president Traian Basescu signed Tuesday the decrees dismissing deputy prime minster Dan Nica from the position of interior minister and appointing Liviu Dragnea instead, the president’s office said.

Romanian Transgaz Not Yet Notified On Resumed Russian Gas Imports

11:31, 20 Ian. 2009
Romania's state-owned gas pipeline operator Transgaz (TGN.RO) has not been notified yet on Russia’s resuming of gas imports halted for almost two weeks now, the manager of the company’s commercial supply unit Marius Stroia told MEDIAFAX Tuesday.

Fin Crisis To Lower Romanian Insurers’ Pft Margins – CFA Romania

11:27, 20 Ian. 2009
Local insurers need to adapt their business model to the new economic outlook caused by the financial crisis, which will decrease profit margins and reduce the number of potential clients, the head of CFA Romania, Dragos Cabat, said Tuesday.

Romanian Tennis Player Andrei Pavel Ends Career At 35

10:06, 20 Ian. 2009
Romanian tennis player Andrei Pavel announced he is ending his sports career after he abandoned an Australian Open match against Andy Murray because of severe back pain.

Romanian Prognosis Comm Sees ’09 Avg Leu Exch Rate At RON4 Vs Euro

20:38, 19 Ian. 2009
The National Prognosis Commission, or CNP, sees the average exchange rate of the Romanian leu at RON4 against the euro, weaker than the RON3.6 to the euro exchange rate it predicted in October 2008, the commission said Monday in an interim forecast.

Romania Interim Interior Min Urges Authorities To Annul Fraudulent Driving Licenses

20:37, 19 Ian. 2009
Romania’s interim interior minister Dan Nica on Monday urged competent authorities to find a way and annul fraudulent driving licenses, arguing over 20 people died and 100 were injured in car crashes caused by people who illegally obtained driving licenses in southern Romanian town Arges.

Romania’s Def Council To Discuss Troops Presence In Iraq Jan 20

17:24, 19 Ian. 2009
The Romanian Supreme Defense Council, or CSAT, is to meet at the presidential Cotroceni Palace in Bucharest on Tuesday to discuss the bilateral agreement with Iraq on the presence of Romanian troops in the country.

Romanian Social Democrats Nominate Dragnea For Interior Min

16:35, 19 Ian. 2009
The executive committee of Romania’s Social Democratic Party adopted Monday unanimously the party’s standing office proposition to nominate party vice-president Liviu Dragnea for the position of interior minster, after the resignation of Gabriel Oprea last week.

Romanian Econ Min Mulls Replacing GMs Of Cos In Its Portfolio – Sources

15:33, 19 Ian. 2009
Romanian Economy Minister Adrian Videanu might replace most of the general managers of the companies in the ministry's portfolio, sources within the ministry told MEDIAFAX on Monday.

EC Keeps Predictions On Romania’s Inflation At 5.7% In ’09 And 4% In ’10

15:33, 19 Ian. 2009
The European Commission, or EC, kept its prognosis regarding Romania’s harmonized index of consumer prices for 2009 and 2010 at 5.7% and 4% respectively, despite signs that the financial crisis has significantly impacted Romania's economy.

Romanian Textile Mkr Secuiana To Scrap 160 Jobs

15:26, 19 Ian. 2009
Romanian textile factory Secuiana, based in Targu Secuiesc, central Romania, will lay off about 160 employees starting February, citing financial difficulties, the company’s management said in a press release Monday.

Romania’s Former Govt Tries To Justify Its Incompetence – Econ Min

15:21, 19 Ian. 2009
Romanian Economy Minister Adriean Videanu on Monday said it is “outrageous” how the former executive tries to justify its “incompetence” that led to an impossible situation of the country’s private sector.

EC Sees Romania’s ’09 Budget Def Widening At 7.5% Of GDP, From 5.25% In ’08 – 2

13:47, 19 Ian. 2009
The European Commission, or EC, forecasts Romania's budget deficit to reach 7.5% of the gross domestic product in 2009, wider than 5.25% in 2008, due to an unfunded increase in pension benefits and the full impact of the 2008 cuts in the social security contribution rate.

Romanian Leu Sharply Dn Vs Euro, Exch Rate At RON4.2917

13:45, 19 Ian. 2009
Romanian leu fell sharply against the euro in the first half of Monday’s trade, in line with the currencies in the region, and the central bank announced a reference rate of RON4.2917 to the euro, close to its historical low.

EC Sees Romania’s ’09 Curr Acct Gap Narrowing To 11.9% Of GDP

13:27, 19 Ian. 2009
The European Commission, or EC, revised downwards its estimation on Romania's current account deficit in 2009, from 13% of the GDP previously seen, to 11.9% of the GDP, according to EC's winter prognosis published on Monday.

EC Cuts Romania’s 09 GDP Growth Forecast To 1.75%, From Previous 4.75%

13:14, 19 Ian. 2009
The European Commission cut sharply its forecast regarding Romania’s economic growth in 2009 from 4.75% previously estimated at 1.75%, due to a sharp reduction of credit growth, weakening confidence indicators and worsening labor market conditions.

Food Prices To Hike After Leu Depreciates For 1 Mo – Unionist

13:11, 19 Ian. 2009
Food prices in Romania should hike after at least a month of continuous depreciation of the leu, and some producers and traders will hike prices when their profit gets to zero, the head of Romanian Food Industry Union Federation FSIA, Dragos Frumosu, said Monday.