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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.

Romanian Rompetrol Case Could Be Sent To Constitutional Court

15:03, 04 Feb. 2009
Attorneys in the case of Dinu Patriciu, the chief executive of Dutch-registered oil company Rompetrol, requested Wednesday the suspension of trial and the file might be sent to the Constitutional Court to clear certain aspects in the Criminal Procedure Code and Capital Market Law.

Black Sea Reserves Lease Contracts Extended By All Romanian Govts – Ex-Ruling Party

15:02, 04 Feb. 2009
The contracts on the Black Sea reserves lease were signed by the government in 1992, and subsequently extended by all Romanian governments, according to a press release of the National Liberal Party, or PNL, part of the former governing coalition.

Over 130 Questioned In Romanian Weapon Heist

14:55, 04 Feb. 2009
Romania’s prosecutor general Codruta Kovesi said Wednesday more than 130 people are heard in the investigation regarding the disappearance of weapons from the military base at Ciorogarla, near capital city Bucharest.

Romanian Govt Should Clear Up Black Sea Reserves Lease Issue – Upper House Speaker

14:51, 04 Feb. 2009
Mircea Geoana, the Senate Speaker and the president of Romania's Social Democratic Party, stated Wednesday that the government should clear up the secret Black Sea reserves lease granted at the end of the former government’s mandate.

Romanian Ctrl Bk Cuts Key Rate By 0.25 Pps To 10%, Keeps Min Req Reserves Ratios

14:25, 04 Feb. 2009
The Romanian central bank decided to cut the key rate by 0.25 percentage points to 10%, meeting analysts expectations, and kept the minimum required reserves ratios unchanged, the central bank announced Wednesday.

Romania’s Agent At ICJ Becomes State Secretary With Foreign Affairs Ministry

14:12, 04 Feb. 2009
Bogdan Aurescu, Romania’s agent in the trial against Ukraine at the International Court of Justice in The Hague, was appointed state secretary with the Foreign Affairs Ministry, by decision of Prime Minister Emil Boc.

Over 300 Romanian Cos To Can 33,837 Jobs Feb-May – Employment Agency

14:11, 04 Feb. 2009
Over 300 companies, mostly from the private sector, announced they would scrap a total 33,837 jobs countrywide, February through May, according to centralized data of the Romanian National Employment agency.

Romanian Electricity Prices Should Hike – E.ON

13:45, 04 Feb. 2009
Romanian electricity prices should be higher, E.ON Romania’s general manager Frank Hajdinjak said Wednesday in a press conference.

E.ON Romania Wants Higher Gas Prices As Of April

13:38, 04 Feb. 2009
Romanian household natural gas prices should be higher as of April 1, and they are less likely to decrease throughout the year, E.ON Romania’s general manager Frank Hajdinjak said Wednesday.

Lower House Legal Committee Stops Graft Prosecution Against Romanian Ex-PM

13:38, 04 Feb. 2009
The legal committee of Romanian Chamber of Deputies on Wednesday decided 10 to 9 votes not to file a report requesting lawmakers’ approval to prosecute former premier and current lawmaker Adrian Nastase on corruption charges.

Daniel Morar Stays Head Of Romanian Anticorruption Department

13:25, 04 Feb. 2009
The prosecutors section of the Romanian High Council of Magistrates voted unanimously Wednesday to keep prosecutor Daniel Morar at the helm of the country’s Anticorruption Department, or DNA.

Bulgarian Farmers Block Giurgiu-Ruse Border Crossing – Press

12:32, 04 Feb. 2009
Bulgarian farmers will block Wednesday for six hours the border crossing point Giurgiu-Ruse between Romania and Bulgaria protesting against the imports of milk and meat products from the EU and third countries, novinite.com reported.

Romanian Senate Sets Its ‘09 Budget At RON120,582,000

11:30, 04 Feb. 2009
Romania’s Senate voted Wednesday with 85 pros, 7 cons and 4 abstentions its budget for 2009, which amounts to 120,582,000 lei (EUR1=RON4.2971), of which, RON49,960,000 will go to the wage fund and RON22,512,000 to travel indemnities.

Romania’s Chamber Of Deputies OKs Its ’09 Budget

11:14, 04 Feb. 2009
Romania’s Chamber of Deputies approved Wednesday, with 134 votes in favor, 3 votes against and 3 abstentions this year’s draft budget for the Chamber, but liberals said they will contest the vote citing lack of quorum.

Romania’s Dec Net Salary Up 9.4% M-M, On Yr-End Bonuses

10:05, 04 Feb. 2009
Romania's net average salary was up 9.4% on the month in December to 1.489 lei (EUR1=RON4.2971), mainly due to bonuses, the National Institute for Statistics, or INS, said Wednesday.

C Romanian City Targu Mures To Gain Digital Persona

19:08, 03 Feb. 2009
Romanian communications minister Gabriel Sandu said within the ceremony for the instatement of the new Mures county prefect, that the city of Targu Mures will become the first digital city in Romania.

Romanian Bks’ Parent Cos Are Required To Support The Economy – Pres

18:32, 03 Feb. 2009
Romanian President Traian Basescu said Tuesday that parent banks of Romanian lenders are required to ensure the needed funds for financing Romanian economy.

Romanian TMK Resita To Lay Off 200 Employees In ’09

18:31, 03 Feb. 2009
Romania’s steel mill TMK Resita (RESY.RO), owned by Russia's TMK, will lay off 200 employees in 2009, as part of the company’s strategy in the current economic environment, the company said Tuesday.

Romanian Govt To Draft Strategy For Black Sea Resources Exploitation

16:10, 03 Feb. 2009
The Romanian government will draft a strategy for the exploitation of the resources assigned through the decision of the International Court of Justice in the dispute between Romania and Ukraine, in accordance with the national interest, and aiming to consolidate the country’s energy independence.

Romania Wins Black Sea Maritime Delimitation Dispute With Ukraine

15:42, 03 Feb. 2009
The International Court of Justice in The Hague ruled Tuesday in the dispute between Romania and Ukraine on maritime delimitation in the Black Sea and established a single boundary delimiting the continental shelf and exclusive economic zones of each country.

ICJ Decision Allows Romania To Start Exploiting Oil Resources In Black Sea

15:32, 03 Feb. 2009
The Romanian Foreign Ministry said in a press release Tuesday that the ruling of the International Court of Justice allows Romania to start direct exploitation of oil resources that have so far been “blocked”, which helps the country reduce its energy dependence.