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Romania Climbs One Spot In ’08 IT Competitiveness Hierarchy – EIU Study

11:12, 16 Sept. 2008
Romania ranked 39 out of 64 countries included in the IT competitiveness hierarchy drawn up by the Economist Intelligence Unit (EIU), one position higher than in 2007, but still behind most countries that joined the European Union in 2004 and 2007.

Romania’s BCR Sells 2 Units To Austria’s VIG For EUR244M

10:16, 16 Sept. 2008
Banca Comerciala Romana, or BCR, the Romanian unit of Austrian Erste Bank, will sell its insurance companies BCR Asigurari and BCR Asigurari de Viata to Vienna Insurance Group, or VIG, in a deal worth some EUR244 million, BCR said in a press release Tuesday.

EC Recommends Romania Tightens Fiscal Policy, Reduces Bureaucracy

19:47, 15 Sept. 2008
The European Commission recommended Romania should tighten its fiscal policy and reduce bureaucracy, European Commissioner for Multilingualism Leonard Orban said Monday.

Romania Safe From Ripple Effect After U.S. Lehman’s Collapse – PM

19:24, 15 Sept. 2008
Romania has nothing to fear from possible influences of the financial turmoil in the U.S., Romanian Premier Calin Popescu Tariceanu said Monday.

Coca-Cola HBC Romania Shuts Down Factory In Oradea

19:24, 15 Sept. 2008
Coca-Cola HBC Romania, subsidiary of Greek group Coca-Cola HBC, will shut down mid-November its factory in Oradea, northwestern Romania, while the 102 employees are to receive compensatory payments, the company said Monday.

EU Econ Slowdown To Affect Romania – European Commissioner

17:53, 15 Sept. 2008
Romania will inevitably be affected by the slowdown of the economic growth in the European Union member states, even though the country’s economy reported a significant growth over the past months, European Commissioner for Multilingualism Leonard Orban said Monday.

Czech Aero Vodochody, Israeli Marcovici Capital File Bids For Helicopter Mker IAR Sale

16:20, 15 Sept. 2008
Czech Aero Vodochody and Israeli Marcovici Capital Ltd submitted bids for the sale of the majority stake in Romania’s sole helicopter maker IAR Ghimbav, by the deadline on September 15, representatives of the country’s privatization authority AVAS said Monday.

Over 6% Rise Of GDP Keeps Romanian Inflation High – Ctrl Bk Chief Economist

15:06, 15 Sept. 2008
A gross domestic product growth of over 6% will keep inflation high and it will be highly unlikely for the index to go below 3%, central bank chief economist Valentin Lazea said Monday.

Romanian IT&C Company Intrarom To Bring Computers To 8,191 Schools

13:42, 15 Sept. 2008
Romanian IT&C company Intrarom, subsidiary of INTRACOM TELECOM, won on August 29 the auction organized by the Ministry of Education and Research for the outfitting of computer labs in 8,191 school and high schools. The value of the contract reaches RON432.38 million (EUR122.48 million).

Libra Bank, Pension House Make Deal For Pension Payment System

13:18, 15 Sept. 2008
Romanian lender Libra Bank and the National Pension and Social Insurance House (CNPAS) signed an agreement on paying pensions via current accounts or bank cards, which will be opened for pensioners willing to use this service.

Famous Singers Join Race For Best Romanian Act At 2008 MTV Europe Music Awards

18:43, 14 Sept. 2008
Singers Andra, Smiley, Crazy Loop and Morandi are among the nominees for Best Romanian Act at the 2008 MTV Europe Music Awards to be held on Nov 6 in Liverpool, United Kingdom, a press release of MTV Romania read.

Romanian Actor Stefan Iordache Dies At 67

17:26, 14 Sept. 2008
Romanian actor Stefan Iordache, 67, passed away Sunday of heart attack at a medical clinic in Vienna, medical sources said.

Romania’s AVAS Extends Sale Offer For Aircraft Mkr Avioane Craiova

16:40, 14 Sept. 2008
Romania’s privatization agency AVAS extended by 15 days, until September 29, the offer to sell its 80.9% majority stake in the country’s airplane maker Avioane Craiova, in a move to complete negotiations with Czech Aero Vodochody.

Romania Gets Yellow Code Warning For Heavy Rain

14:51, 14 Sept. 2008
Romania’s meteorological authorities (ANM) issued Sunday yellow code warning forecasting heavy rain countrywide Sunday night through Tuesday morning.

Romanian Fondul Proprietatea To Pay 2007 Dividends Sep 15

20:45, 12 Sept. 2008
Romania's investment fund Fondul Proprietatea will pay dividends worth 0.0659 lei (EUR1= RON3.6031)/share for 2007, as of September 15, the company said Friday in a press statement.

Romanian Democrat Liberals Officially Propose Theodor Stolojan For PM

20:31, 12 Sept. 2008
Emil Boc, leader of Romania's Democratic Liberal Party (PDL), officially announced Friday within the party’s national conference that Theodor Stolojan is the party’s proposition for the position of prime-minister in view of the parliamentary elections scheduled for end November.

General Manager of Romania’s SAPARD Payment Agency Resigns

19:09, 12 Sept. 2008
Laszlo Klarik, general manager of Romania’s Agency for Rural Development and Fishing (APDRP), which manages SAPARD payments, submitted his resignation Friday.

Romanian PM Says An Informant By Any Other Name Is Still An Informant

13:41, 12 Sept. 2008
Romanian Prime Minister Calin Tariceanu, head of the Liberal Party, called on senators Friday to vote against amendments brought to the law regulating access to communist-era monitoring files, saying there is no such thing as an unwilling informant, and informant politicians should not get a pass.

KPMG Romania To Draft Fondul Proprietatea’s IAS Financial Statements

13:04, 12 Sept. 2008
Romania’s investment fund Fondul Proprietatea selected KPMG Romania to draft its individual and consolidated financial statements according to international accounting standards, or IAS, the fund said Friday.

Romania Old Apt Prices Seen Dn 30% By ’09 – Realtor

18:55, 11 Sept. 2008
Old apartments in Romania are seen 30% cheaper by the end of 2009, on higher supply, officials of realtor Neocasa Real Estate said Thursday.

Romanian PM Sees Inflation On Descending Path In Next Mos

17:57, 11 Sept. 2008
Romanian inflation is seen continuing its descending path over the next months, Prime Minister Calin Popescu Tariceanu said, adding the recent salary increases will not be affected by price increases.

Major Romanian Cannabis Dealer Arrested

14:11, 11 Sept. 2008
A Bucharest citizen, considered the largest cannabis dealer, was arrested under charges of producing and selling on the Romanian black market over 150 kilograms of cannabis and byproducts, thus obtaining an approximate profit of EUR150,000, the Romanian Police said Thursday.

Romania’s Romtelecom To Launch Mobile Telephony Service By Yearend

13:46, 11 Sept. 2008
Romania's largest hard-line operator RomTelecom, majority-owned by Hellenic Telecommunications Organization SA, or OTE, won the license and will launch its mobile telephony services by yearend, the company’s general manager, Yorgos Ioannidis, said Thursday.

Gap Betw Romania’s National Net Avg Wage And Wages In Multinational Cos Narrowed In 2008 – PwC

12:48, 11 Sept. 2008
Differences between Romania’s national net average wage calculated by the official statistics board and the net average wage paid by private companies have reduced in 2008 compared to 2007, but large gaps remain for management positions, PricewaterhouseCoopers (PwC) said Thursday.

Services Make Most Of Romanian 1H GDP, FDI Seen Over EUR10B In ‘08

12:44, 11 Sept. 2008
The services sector contributed the most in the first-half gross domestic product, followed by the construction sector, the National Statistics Institute, or INS, said Thursday at a press conference.

Danish Co Might Build Wind Farms In Romania, 2010-2012

11:58, 11 Sept. 2008
Danish power producer Scan Energy might install wind farms in Romania between 2010 and 2012, following the acquisition of 170 large-scale turbines worth some EUR500 million from Germany’s Nordex, the latter said Thursday in a press release.

Romania, Austria’s Voestalpine To Sign Steel Mill MoU In Oct – Sources

19:00, 10 Sept. 2008
Romanian government and representatives of Austria's steelmaker Voestalpine will sign a memorandum of understanding (MoU) in the first half of October and the Austrian group will decide in December the country to building its steel mill, sources close to the matter said Wednesday.

Romanian Govt Sees 8.5-9.1% Econ Growth In ’08 Vs 6% In ‘07

18:58, 10 Sept. 2008
The Romanian Government said Wednesday this year’s economy is expected to grow by 8.5-9 percentage points, compared with a gross domestic product growth of 6% the year before.

Romanian Low-Cost Airliner Blue Air Goes International

16:56, 10 Sept. 2008
Romanian low-cost airliner Blue Air will launch its first international flight in October, on the Brussels-London route, the airliner said in a statement Wednesday.

Romanian Govt Ups Min Wage To RON540 From RON500 Oct 1

15:38, 10 Sept. 2008
The Romanian government decided on Wednesday to increase the minimum monthly gross wages to 540 lei (EUR1=RON3.5974), based on the agreement the representatives of trade unions and employers signed with the government at the end of July.

EC To Probe Romania’s EUR57M State Aid To Ford For Employees’ Training

15:16, 10 Sept. 2008
The European Commission has launched an investigation regarding a state aid worth EUR57 million given by Romania to Ford Motor Co. (F) for training the employees’ at Automobile Craiova, alleging it might represent a supplementary advantage than the one stipulated in the contract.

Romanian MEP Asks EC To Sack Gray Over ‘Unprofessional’ Statements

13:04, 10 Sept. 2008
Romania’s European lawmaker, Adrian Severin, member of the Social Democratic Party, on Tuesday demanded the resignation of EC spokesperson Mark Gray, should he be found fully responsible for his statements on the Romanian procedure to appoint chief prosecutors.

E.ON Gaz Romania, Distrigaz Sud Ask For 10% Gas Price Hike Oct 1

13:00, 10 Sept. 2008
Gas distributors E.ON Gaz Romania, the local unit of Germany's giant E.ON, and Distrigaz Sud, majority-owned by French utility Gaz de France, asked Romanian energy watchdog ANRE to hike natural gas prices for household consumers by some 10% as of October 1, ANRE said Wednesday.

Republic Of Moldova Wants To Join EU, Romania Backs It – Romanian President

10:32, 10 Sept. 2008
Romanian president Traian Basescu said Tuesday evening in an interview for the public TV network TVR that Romania supports the Republic of Moldova in its endeavor to join the European Union.

Romania’s Aug CPI -0.09% MM, Annual Inflation Slows To 8.02%

10:17, 10 Sept. 2008
Romania’s consumer price index fell by 0.09 percentage points on the month in August, driven by a decrease in prices for services, bringing the annual inflation to 8.02% the National Statistics Institute said.

Romania, Hungary Seek EU Financing For High-Speed Rail Line

19:27, 09 Sept. 2008
Romania and Hungary plan to apply for EU financing to conduct a pre-feasibility study on a high-speed rail route that will link Hungary’s capital Budapest to Romanian southeastern city of Constanta.

Romania’s Fin Ministry To Give Ford EUR143M State Aid For Craiova Plant

18:33, 09 Sept. 2008
Romania’s Economy and Finance Ministry will give Ford Motor Co. (F) a state aid worth EUR143 million between 2008-2012, of which EUR17.5 million this year, if the group will carry its programmed investments worth EUR145 million at Daewoo Automobile Craiova this year.

Romanian Farmers Lose Milk Quota Over Failure To Submit Reports

18:31, 09 Sept. 2008
Nearly 15% of the Romanian farmers who benefited from milk quotas in 2007 had their quotas removed for failing to submit a yearly report regarding the milk sold, the agency of payments and interventions in agriculture APIA said Tuesday.

Romania Fin Min Sees ’08 Econ Growth At 8%

15:00, 09 Sept. 2008
Romania’s economy and finance minister Varujan Vosganian said Tuesday that the country’s economic growth will likely be 8% at the end of the year.

Bucharest Old Apt Prices Dn 9% On Mo To EUR1,540/Sqm – Colliers

14:48, 09 Sept. 2008
Bucharest old apartment prices dropped in August as much as 9% to EUR1,540/square meter on the month, driven by lower interest from buyers, Colliers International said in its apartment price index Tuesday.