English

Romania’s Econ Outlook Seen Positive During Sept-Nov – INS

10:02, 29 Sept. 2008
Romanian managers are positive about the four major sectors of the Romanian economy, namely the industrial, service, construction and retail sectors, between September and November, the National Institute for Statistics, or INS, said Monday.

Romanian Minimum Wage Hike Inflates Traffic Violation Fines

13:44, 28 Sept. 2008
The Romanian traffic violation fine point will reach RON54 starting with October 1, thus representing, in accordance with the law, 10% of the gross minimum wage in the country, which will be increased at the same date to RON540 per month, the Romanian Traffic Police announced.

Romanian Tourists Rescued After Seven Hour Ordeal On Mountain Ridge

13:34, 28 Sept. 2008
Four tourists were recovered by mountain rescue teams in Romanian mountain resort Busteni, Saturday night, after a seven hour ordeal in which they were stuck on a ridge at the Bucsoiului Valley exit, in the Bucegi mountains, at over 2,200 meters altitude, as a storm had broken out.

Blaze Triggers Evacuation In The International Departures Terminal Of Bucharest Airport Otopeni

18:24, 27 Sept. 2008
The fire that broke out Saturday afternoon on Bucharest airport "Henri Coanda" Otopeni was put out after an intervention that lasted some two hours. Air traffic was resumed and 12 flights were delayed.

Some 2,000 Bucharest Students Left Without Dorm Rooms

16:00, 27 Sept. 2008
Some 2,000 students of the Bucharest Polytechnic University were left without rooms in the University’s housing complex, as room were distributed, after social cases were solved, strictly based on academic performance.

Canadian Group SNC-Lavalin Takes Over Romania’s Romproiect

14:44, 27 Sept. 2008
Canadian group SNC-Lavalin took over Romanian engineering company Romproiect and will soon complete the purchase of another company on the same segment, SNC-Lavalin communications manager Dominique Morval told MEDIAFAX.

Romanian Democrat Liberals To Widen Their Governing Agenda

14:33, 27 Sept. 2008
The democrat liberal nominee for the position of prime minister, Theodor Stolojan, said Saturday that the party would have to include in the governing agenda elements from the presentation made by president Traian Basescu.

Romanian President Sues Journalist, Media Trust For Libel

19:45, 26 Sept. 2008
Romanian President Traian Basescu has sued journalist Cristian Oprea and the media trust he works for over defamatory statements, requesting symbolic damages of 100 lei.

Vienna Airport Mulls Bidding For The NE Romanian Iasi Airport Upgrade

17:19, 26 Sept. 2008
The Vienna airport is interested in attending the auction for the upgrade of the northeastern Romanian Iasi Airport, said Austrian ambassador Martin Eichtinger within a meeting with Iasi local and county authorities.

Upgrade Of Romania’s Henri Coanda Airport To Be Delayed 4 Yrs On Unfinished PUZ

17:16, 26 Sept. 2008
The upgrading process of Bucharest's Henri Coanda Otopeni airport will be postponed for another four years, by 2019, because the Zonal Urban Planning, or PUZ, is not finished, according to the company’s strategic plan.

Romanian Foreign Affairs Visits New York, Discusses Egypt Kidnapping

14:24, 26 Sept. 2008
Romanian foreign affairs minister Lazar Comanescu met Italian and German counterparts in New York and discussed the issue of the tourists kidnapped in Egypt.

Romanian Labor Law Old, Rigid, Needs Amendment – Ctrl Bk Gov

13:50, 26 Sept. 2008
Romania’s central bank governor Mugur Isarescu says an amendment of the labor law is necessary, adding it is old and rigid and was created to cope with the periods when Romania had confronted a high unemployment rate.

Romania’s ’08 Budget Def To Be Kept Below 3% Of GDP – Ctrl Bker

13:32, 26 Sept. 2008
Romanian budget deficit in 2008 might be kept below 3% of the gross domestic product, or GDP, the Governor of Romanian National Bank, Mugur Isarescu said Friday, adding that he would like it to be even lower.

Romania’s Ctrl Bker: US Crisis Might Affect Euro Adoption In 2014

12:44, 26 Sept. 2008
Romanian Central Bank Governor Mugur Isarescu admits that Romania’s euro adoption in 2014 might be affected by the USA financial crisis, but says that, for the moment, it is too early to evaluate the effects of the crisis by that time.

Romania’s New Labor Minister Takes Oath

08:56, 26 Sept. 2008
Mariana Campeanu, the country’s new labor minister, took the oath within the investiture ceremony at the presidential palace.

Romania Will Not Be Hit Hard By The U.S. Financial Crisis – Romanian Pres

16:52, 25 Sept. 2008
Romanian president Traian Basescu said Thursday on national radio station RRA that Romania will withstand any drastic blows dealt by the financial crisis in the USA, because the local market does not include, with one exception, any American bank branches.

Romanian President Oks PM’s Labor Min Nomination

15:37, 25 Sept. 2008
Romanian Prime Minister Calin Tariceanu sent the letter nominating the head of the National Pension and Social Insurance House Mariana Campeanu for the position of labor minister to president Traian Basescu, people close to the matter told MEDIAFAX Thursday.

Bucharest Police Drug Raid Ends In 17 Arrests

14:54, 25 Sept. 2008
Seventeen members of the main drug ring in Bucharest were arrested under the charges of bringing in the country and distributing luxury drugs in Bucharest and in the counties Arges, Valcea, Dambovita, Prahova and Buzau.

Romania’s Prognosis Commission Ups 2008-2013 Wages Growth Forecast

14:34, 25 Sept. 2008
Romania’s Prognosis Commission, or CNP, revised upwards its estimations for the salary growth between 2008 and 2013, seeing a net average salary of 1,260 lei (EUR1=RON3.6773) this year and to RON1,930 in 2013.

Romanian Prognosis Commission Ups ’08 GDP Growth Forecast To 9.1%

14:18, 25 Sept. 2008
Romania’s Prognosis Commission, or CNP, revised its forecast for the 2008 gross domestic product GDP growth to 9.1%, much higher than 6.5% growth rate previously estimated, the commission’s fall preliminary prognosis revealed.

Romanian Court Rules To Keep Govt Decision Setting Election Constituencies

12:45, 25 Sept. 2008
The government decision setting uninominal constituencies for Romania’s upcoming general election stays in effect, according to a ruling of the Bucharest Court of Appeals Thursday.

Romania’s Fin Min Says Gas Price To Remain Unchanged On Oct 1

11:50, 25 Sept. 2008
Natural gas prices will not be increased as of October 1, Romania’s Economy and Finance Minister Varujan Vosganian said on Thursday, before attending a press conference.

Italian Court Begins Hearings In Murder Trial Of Romanian National

11:35, 25 Sept. 2008
A Rome Court on Thursday starts hearings in the trial of Romanian national of Roma origin Nicolae Romulus Mailat, who is accused of murdering a 47-year-old Italian woman in October last year.

Romanian Farmers Get RON200/Ha For Autumn Crops – PM

21:12, 24 Sept. 2008
The Romanian government will allocate a subsidy of 200 lei (EUR1=RON3.6690) per hectare to small farmers for the autumn crops for 120 hectares total per farm, Premier Calin Popescu Tariceanu said Wednesday.

One Dies In Fuel Tank Blast C.Romania

20:59, 24 Sept. 2008
One Romanian died in a fuel tank blast in Dambovita county, central Romania, officials said Wednesday.

Romania’s Dacia To Sell Logan VAN, Logan Pick-Up On 18 New Mkts

20:11, 24 Sept. 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR), on Wednesday said will add from next year 18 new markets to its international distribution network for the utility vehicles Logan VAN and Logan Pick-Up.

The Euro Adoption Timetable Will Be Kept – Romanian PM To Pres

19:40, 24 Sept. 2008
The Euro adoption timetable was set by the Government with central bank advice and it will be kept, said Romanian Prime Minister Calin Tariceanu answering president Traian Basescu who stated earlier today that the timetable might not be kept.

Romania’s Dacia To Show Logan MCV Facelift In Paris

18:49, 24 Sept. 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR), will present its Logan MCV facelift at the Paris Motor Show in October, Dacia general manager Francois Fourmont said Wednesday.

Romania’s Govt Approves Third Budget Revision

18:48, 24 Sept. 2008
Romanian Government approved Wednesday the third budget revision in 2008, maintaining the budget deficit at 2.3% and increasing revenues by RON6.4 billion (EUR1=RON3.6690) and expenses by RON7 billion.

Romanian President Signs Decree To Dismiss Labor Minister

16:26, 24 Sept. 2008
Romanian President Traian Basescu on Wednesday signed the decree dismissing Paul Pacuraru from position of Labor Minister, the presidency said in a statement.

Romanian President Voices Out Deficiencies In Education, Healthcare Systems

15:58, 24 Sept. 2008
Romanian President Traian Basescu voiced out Wednesday, in his address in Parliament, the deficiencies in the country’s education and healthcare systems, saying the education system deepens the gap between children in rural and urban areas, while the healthcare system is inefficient.

Romanian Invest Fund Proprietatea To Contribute EUR10M To Pwr Distributors’ Shr Cap Hikes

14:57, 24 Sept. 2008
Romania’s investment fund Fondul Proprietatea will contribute some EUR10 million in the share capital increases of unprivatized power distribution branches of former monopoly Electrica, to keep its 22% in the companies, fund general manger Dana Lulache told a news conference Wednesday.

Nokia To Pay Local Mayoralty RON1.2M Per Year In Taxes

14:22, 24 Sept. 2008
The mayoralty in Jucu, northwestern Romania, will receive annually 1.2 million lei (EUR1= RON3.6690) from Finnish telecom giant Nokia, as payment for local taxes, buildings, land and salary taxes, which will be assigned to investments, mayor of the commune Jucu, Dorel Pojar said Wednesday.

Bucharest Citizens Might Be Spared A Cold Winter As Heating Debts Could Be Covered

14:01, 24 Sept. 2008
The director of Bucharest heating distributor RADET, Virgil Ramba, told MEDIAFAX that heating will not be cut in Bucharest this winter, as City Hall and the Government are currently “making efforts” to pay RADET’s debts to ELCEN, the country’s largest thermal energy producer.

Romania President Criticizes Country’s Failure To Use EU Funds

13:45, 24 Sept. 2008
Romanian President Traian Basescu criticized in his address to Parliament Wednesday the country’s poor absorption of European Union funds to modernize transport infrastructure.

Romania Vehicle Registration Proof Valid For Three Mos As Of Sept

12:48, 24 Sept. 2008
The validity of vehicle registration proof was extended up to three months, starting September, after the Romanian Automotive Registry (RAR) discussed the issue with the country’s Driving License and Car Registration Department (DRPCIV).

Romanian President Criticizes Lawmakers’ Failure To Wipe Out Corruption

12:39, 24 Sept. 2008
Romanian President Traian Basescu criticized lawmakers in his address in Parliament Wednesday saying political parties not only didn’t stick to their commitment to get the European Commission to stop monitoring the justice field, but also hindered prosecutors’ efforts.

Romanian CEC Depositors To Receive Compensations As Of Oct 30

11:54, 24 Sept. 2008
Romanians who deposited money in savings bank CEC to buy Dacia cars will receive compensations starting October 30, two months earlier than planned.

Romania’s Fondul Proprietatea To Sue Fin Ministry To Regain 20% Stake In Nuclearelectrica

11:42, 24 Sept. 2008
Romania’s investment fund Fondul Proprietatea intends to sue the Economy and Finance Ministry to regain the remaining stake until 20% in nuclear power operator Nuclearelectrica, after this had been lowered following several share capital hikes made by the nuclear plant.

Graffiti Artists Paint Bucharest Police Fence In Violence Prevention Campaign

11:40, 24 Sept. 2008
A group of graffiti artists will paint on panels surrounding the headquarters on the Bucharest Police Thursday starting noon, part of a violence prevention campaign, event organizers said.