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Romania Ranks 5th In Emerging Europe By Vulnerability To Fin Pressures – Fitch

15:19, 28 Aug. 2008
Romania ranks fifth, as well as Estonia, in a classification of the most vulnerable states in Emerging Europe to external financing pressures, Fitch Ratings said on Thursday.

Romanian Petrom, Road Transporters Strike Fuel Supply Deal

13:45, 28 Aug. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO) made an agreement Thursday with the Federation of Romanian Transport Operators, FORT, to supply over two million liters of fuel per month and offering discounts to all FORT members.

Georgia’s Integrity, Independence Essential To Romania – PM

13:20, 28 Aug. 2008
Georgia’s integrity and independence are essential to Romania and to the security of the Black Sea area, and creating regional stability is a priority, Romanian Prime Minister Calin Tariceanu said Thursday after a meeting with U.S. senator Richard Lugar.

Romanian Leasing Mkt Up 35.57% On Yr In 1H, To EUR2.94B

11:29, 28 Aug. 2008
Romania’s leasing market increased 35.57% on the year by the value of assets financed in the first half of 2008, to EUR2.942 billion, the country’s two major leasing associations said in a press release Thursday.

Private Romanian Co Exported Ammunition To Georgia – Def Min

19:17, 27 Aug. 2008
Romanian defense minister Teodor Melescanu said Wednesday a Romanian private company did send ammunition to Georgia, but declined to name the firm.

Romanian Insurers To Repay RCA Premiums For Cars Registered Abroad

17:14, 27 Aug. 2008
Romanian insurers who signed RCA policies for cars registered in European countries are to pay back the insurance premiums to customers, as insurance companies are only authorized to sign RCA policies in Romania, the country’s insurance regulator CSA said Wednesday.

Romania To Hold Legislative Polls Nov 30

16:42, 27 Aug. 2008
The Romanian government decided in the cabinet meeting Wednesday to set the date for legislative elections for November 30, people close to the matter told MEDIAFAX.

Romanian Construction Prices Up 30% in 2008, On Higher Labor, Materials Costs – Employers

16:30, 27 Aug. 2008
Construction prices in Romania increased some 30% this year, driven by cement prices which rose 30%, reinforced concrete prices which rose 140%-180% and double manual labor costs, the general manager of the Construction Companies Employers Association, Adriana Iftime, said Wednesday.

Cosmote Romania To Cut Roaming Tariffs To EC Levels

13:21, 27 Aug. 2008
Mobile operator Cosmote Romania will lower Saturday, August 30, its roaming tariffs to the level imposed by the European Commission. Thus the tariffs for EU outgoing calls will reach EUR0.46/minute, while calls received from EU states will cost EUR0.22/minute, VAT excluded, Cosmote announced.

Czech Pwr Group CEZ To Develop 600MW Wind Pwr Proj E Romania

12:56, 27 Aug. 2008
Czech power group CEZ bought from renewable power developer Continental Wind Partners, two wind farm projects in Constanta county, eastern Romania, with a total capacity of 600 megawatts, whose development costs will reach EUR1.1 billion, CEZ said in a press statement.

Romania’s Econ Growth Seen Slowing Over Next Sixth Months – Report

11:37, 27 Aug. 2008
Romania’s economic growth will slow down significantly over the next six months, and inflation is seen lowering in the third quarter of the year, according to analysts polled by the CESifo Institute of the University in Munich.

National Road Co Sends Highway Gas Station Contracts To OMV, Rompetrol, Petrom

17:46, 26 Aug. 2008
Romanian Road Company CNADNR sent the contracts on building gas stations on Bucharest-Cernavoda highway to oil companies OMV, Rompetrol and Petrom, and mobile gas stations will be operational in maximum 30 days, the company’s officials said Tuesday.

Romanian Artists Ask Culture Ministry To Rethink Law

16:45, 26 Aug. 2008
Romanian actors ask the Ministry of Culture to rethink the law on entertainment institutions and its enforcement norms, as the current stipulations would lead to shutting down theaters and selling their buildings to serve real estate vested interests.

Romania July Pvt Resident Deposits Up 35.2% YY To RON140.36B

13:50, 26 Aug. 2008
Private resident deposits rose 35.2% on the year in July to 140.36 billion lei (EUR1-RON3.5455), Romania’s central bank said Tuesday.

Romania July Pvt Lending RON178.7B +42.9% On Yr

12:16, 26 Aug. 2008
Romanian private lending rose by 42.9% on the year in July in real terms to 178.7 billion lei ($74.8 billion) on higher loans in both local and foreign currency, the central bank said Tuesday in a statement.

Romanian Senate To Meet Tuesday With Dignitary Graft Files On Agenda

15:34, 25 Aug. 2008
The plenary meeting of the Romanian Senate, for the cases of dignitaries Codrut Seres and Paul Pacuraru will unfold Tuesday, starting with 09:30 local time, Senate chairman Nicolae Vacaroiu announced.

Romania’s Petrom To Cut Diesel Oil Pump Prices By RON0.05/Liter

15:19, 25 Aug. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO) will cut Monday its diesel oil pump prices by 0.05 lei (EUR1=RON3.5224) per liter, and will keep unchanged its gas prices, the company said in a statement.

Blast Hazard In SW Romanian Danube Port Drobeta Turnu Severin

17:47, 23 Aug. 2008
Traffic was resumed Saturday afternoon in the southwestern Romanian Danube port in Drobeta Turnu Severin after firefighters managed to safely remove the bomb found at the anchor of a barge.

Romanian Authorities To Preserve Bucharest-Danube Canal Works

16:06, 22 Aug. 2008
Romanian authorities and engineering experts agreed Friday on the need to preserve works executed before 1989 on the Bucharest-Danube canal, which the Transport Ministry plans to complete.

Official Gazette Of Romania Might Launch Charge-Free Online Version

15:23, 22 Aug. 2008
The Official Gazette of Romania might launch a charge-free version, available on the Internet, in a move to keep people updated on the sector of public contracts, according to a draft ordinance launched for public debate by the government’s Secretariat General.

Heatwave To Affect 11 Romanian Counties, Bucharest

14:01, 22 Aug. 2008
Romanian authorities issued a yellow code warning for heat for the weekend, valid for the capital city and for 11 counties, where they expect temperatures of 37 degrees Celsius.

Romanian ARIS Revises Up Its ‘08 FDI Forecasts At EUR8B

11:24, 22 Aug. 2008
Romanian Agency for Foreign Investment ARIS revised up its estimations on the country’s foreign direct investments, or FDI in 2008, from EUR7 billion to EUR8 billion, still lower compared with Thursday’s estimations of economy minister Varujan Vosganian, of EUR10 billion.

Romanian Transport Min Might Sue Petrom Over Road Toll Stickers Issue

17:30, 21 Aug. 2008
Romanian transport ministry might sue oil company Petrom for refusing to sell road toll stickers to force the ministry accept a higher commission for their sale, the minister in charge Ludovic Orban said Thursday.

Romanian Oil Co Petrom Rejects Transport Min Accusations

16:18, 21 Aug. 2008
Romanian oil company Petrom rejected the accusations formulated by transport minister Ludovic Orban and said it did not ask the ministry to increase the commission for the sale of road tolls.

Romanian 7-Mos Budget Def At 0.64% Of GDP

16:04, 21 Aug. 2008
Romania's budget deficit was 0.64% of gross domestic product in the first seven months of 2008, minister of economy and finance Varujan Vosganian said Thursday.

Romania To Restructure Payment Agency To Fix Deficiencies Signaled By EC

14:58, 21 Aug. 2008
Romania’s Agriculture Ministry and the Payment Agency for Rural Development and Fishing (APDRP) promised to take full action to solve by August 31 the deficiencies signaled in the European Commission’s audit report in June.

Romania’s Petrom Accused Of Holding Back Road Toll Stickers To Force Fee Hike

14:45, 21 Aug. 2008
Romanian oil company Petrom refuses to sell road toll stickers to force the Transport Ministry accept a higher commission for their sale, from 4% to 6%, Romanian transport minister, Ludovic Orban, said Thursday.

Transilvania Motorway Works Are “Fast Paced” – Romanian PM

14:33, 21 Aug. 2008
Romanian prime minister Calin Tariceanu inspected the state of works on the Transylvania Motorway, in northwestern Romanian county Cluj, saying the works are unfolding "at a fast pace and with technologies used in Romania for the first time," thus some of the segments might be completed sooner.

Deutsche Bahn In Talks To Buy Romania’s Romtrans – Financial Times Deutschland

13:16, 21 Aug. 2008
German railway operator Deutsche Bahn AG, one of Europe’s main railway operators, is in talks to buy Romanian transport company Romtrans, in a transaction estimated at EUR80 million- EUR100 million, Financial Times Deutschland reported Thursday, without specifying the sources.

Romania’s SAPARD Payment Halt Isn’t Costing The Country Funds, But Credibility – Minister

12:10, 21 Aug. 2008
Romanian agriculture minister Dacian Ciolos said Thursday that the halt in SAPARD payments isn’t costing Romania funds, but credibility.

Romania’s Ctrl Bk OKs New Credit Risk Limit Regulation

18:47, 20 Aug. 2008
Romania’s central bank board approved on Wednesday the new regulation regarding the credit risk limitation for household lending. The new regulation will be published in the Official Gazette at the end of the week or the beginning of the next, sources said

Transdniestrian Conflict Mechanisms Pushed To The Limit – Romanian President

17:19, 20 Aug. 2008
The conflict in Transdniester has all its mechanisms driven to the limit and is likely to break out, but currently lacks political conditions, Romanian president Traian Basescu said Wednesday in Kiev after the meeting with Ukrainian President Viktor Yushchenko.

Romanian President Says South Ossetia Peace Forces ‘Inefficient’

16:03, 20 Aug. 2008
Romanian President Traian Basescu Wednesday said European Union’s current peace mechanisms have proven ineffective for the conflict in Georgian breakaway province of South Ossetia.

Romanian CFR Calatori Mulls Upgrading 46 Trains For RON509M

15:56, 20 Aug. 2008
Romania’s state-owned passenger railway company CFR Calatori plans to upgrade 46 trains in the next four years, for an estimated contract value of 509.24 million lei (EUR1=RON3.5238), coming from state budget.

Drugs Worth Over EUR150,000 Seized In W Romania

15:33, 20 Aug. 2008
Local organized crime police identified 14 drug dealers and confiscated 4.2 kilograms of hashish worth over EUR150,000 in western Romania, in the town of Oradea, local police said Wednesday.

Romania Halts SAPARD Payments To Fix Deficiencies Notified By EC

15:22, 20 Aug. 2008
Romanian authorities temporarily suspended payments to beneficiaries of the SAPARD program until the resolution of payment authorization technical deficiencies signaled in the European Commission’s audit report, Finance Ministry state secretary Alice Bitu said Wednesday.

Romanian Pwr Grid Unable To Manage Future Wind Pwr Production

15:21, 20 Aug. 2008
The national power grid will not be able to manage the high volume of wind farms production for which Romania’s state-owned power grid operator Transelectrica got requests, the company’s representatives said.

Romanian Govt OKs Feasibility Study For South Bucharest Airport

15:06, 20 Aug. 2008
The Romanian Government approved Wednesday the drawing up of a feasibility study for the construction of an airport in the southern area of Bucharest, due to higher traffic.

Romanian Farmers To Get Loans From Six Banks Under Rural Development Program

15:04, 20 Aug. 2008
Romanian farmers will be able to get total loans of 760 million lei (EUR1=RON3.5238) for investments from six banks the Agriculture Ministry selected in an auction and lending agreements are to be signed next week, the ministry said.

Romanian Agriculture Ministry Took Measures To Hinder Drought Effects

14:45, 20 Aug. 2008
Romania’s Agriculture Ministry took measures to reduce effects of drought and is considering multiannual budget projection to improve the country’s irrigation system, agriculture minister Dacian Ciolos said Wednesday in the Government’s weekly meeting.