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S&P Lowered Estimates On Incidence Of Recession In Romania

17:04, 04 Aug. 2008
Standard&Poor's Ratings Services changed Monday its estimate of the incidence of gross problematic assets in the Romanian financial system under a reasonable (but not catastrophic) scenario of economic recession to 25%-40% from 35%-50%, the ratings agency said.

Romanian Govt Needs To Manage Reconstruction After Flooding – President

15:55, 04 Aug. 2008
The Romanian Government must manage the efforts aimed at reconstructing the areas affected by the recent floods, president Traian Basescu said Monday during his visit in the county of Neamt, northeastern Romania.

Romanian ’08 Econ Growth Seen At 8%, 9% -Ctrl Bker

13:02, 04 Aug. 2008
Romania’s economic growth is seen at 8% or 9% in 2008, and the inflation rate at 6% or 7% at yearend, central bank governor Mugur Isarescu said Monday.

Romanian Ctrl Bk Revises ’08, ‘09 Inflation Forecasts

12:48, 04 Aug. 2008
Romanian central bank revised its inflation forecast from 6% to 6.6% in 2008, and from 3.5% to 4.2% in 2009.

Romanian Jul CPI Seen At Over 9%, 9.1%-Ctrl Bker

11:32, 04 Aug. 2008
Romania’s consumer price index will most likely be over 9% or 9.1% on the month in July, to subsequently recover, central bank governor Mugur Isarescu said Monday.

Romanian AVAS Recovers RON72.58M Debts In 1H

10:30, 04 Aug. 2008
Romanian Privatization Authority, or AVAS, recovered a total of 72.58 million lei (EUR1=RON3.5171) debts from banks, National Insurance Department or Ministry of Finance, the authority said Monday.

Romanian Fiscal Agency Seeks To Introduce Online Tax Payment, Expects Bids By Aug 13

15:01, 03 Aug. 2008
Romania’s national fiscal agency ANAF will organize an auction to sign a frame agreement for the online payment of taxes, using banking cards, for a total contract value of 6.75 million lei (EUR1=RON3.5171) and RON13.5 million, VAT not included.

Romania’s Competition Regulator Looks Into Romgaz’ Alleged Antitrust Practices

14:11, 03 Aug. 2008
Romania’s Competition Council is looking into a potential breach of competition rules by Romania’s largest natural gas producer Romgaz Medias in its relation with Targu Mures-based chemical fertilizer maker Azomures.

Romanian President Urges Local Communities To Strive For Financing

13:51, 02 Aug. 2008
The representatives of the local communities must strive to obtain funds and ensure incomes for both the local budget and the quality of education, Romanian president Traian Basescu said Saturday, in a meeting of the communal associations in Neptun, southeastern Romania.

Over 10,000 Romanian Flood Victims Received Vaccination

13:33, 02 Aug. 2008
Over 10,000 people in areas hit by floods in northern and eastern Romania have been vaccinated and preventive medical care will continue next week, Raed Arafat, sub-secretary of state in the Health Ministry, said Saturday.

Romanian Magyar Minority Party To Run Solo For Parliament

20:02, 01 Aug. 2008
The Democratic Magyar Union will not form any alliance with the Magyar Civic Party for the upcoming Romanian parliament elections, as the radicals refused the candidacy division offer made by the democrats, said Marko Bela, the leader of the Magyar democrats Friday in a press conference.

Romania’s 1H Budget Def Rises To 1.18% Of GDP

15:40, 01 Aug. 2008
Romania’s general consolidated budget saw its deficit expanding to 1.18% of gross domestic product after the first half the year, compared with a deficit of 0.4% in January-May period, preliminary data from the Ministry of Economy and Finance showed.

Snoop Dogg To Perform In Bucharest Sept 19

13:59, 01 Aug. 2008
American rapper Snoop Dogg will perform a concert in the Roman Arenas in Romania’s city capital Bucharest on Sept 19, according to his official website.

Citibank: Romania’s Yr-End Inflation At 6.8%, Above Ctrl Bk Target

13:35, 01 Aug. 2008
Citibank sees Romania’s inflation at 6.8% at the end of December, two percentage points higher compared with the central bank’s target of 2.8%-4.8%, on continued pressures from local demand.

Man Ripped To Pieces By Bear In Central Romania

11:02, 01 Aug. 2008
The dead body of a man, supposedly ripped to pieces by a bear, was found Friday morning, around 9:00 local time, on an alley in the central Romanian city of Brasov.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.08, RON0.05 Per Liter

19:13, 31 Iul. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its gasoline and diesel oil pump prices by 0.08 lei (EUR1=RON3.5366) per liter, and RON0.05 per liter, respectively, the company said in a statement.

Romania Admits ‘Partial Failure’ For Roma Situation In Italy

18:56, 31 Iul. 2008
Romania admits “partial failure” regarding the situation of Roma minority in Italy, but it does not approve of all measures taken by the Italian authorities in their pursuit to tackle crime, Romanian President Traian Basescu said Thursday.

Drivers In Romania Lacking Road Toll Stickers To Be Fined As Of Aug 1

16:31, 31 Iul. 2008
Romanian drivers will be fined as of August 1, if they are found not to have road toll stickers, which are now available on the market.

Romanian Leu Moves Higher Vs Euro After Ctrl Bk’s Rate Hike

13:53, 31 Iul. 2008
The Romanian leu strengthened against the euro in mid-trade Thursday, shortly after the central bank announced it has decided to increase the key monetary policy rate, dealers said.

Romania’s Ctrl Bk Ups Rates By 25 Bps To 10.25%

13:35, 31 Iul. 2008
Romania’s central bank decided in Thursady board session to raise the key monetary policy rate by 25 basis points to 10.25%, in its seventh consecutive hike since October last year.

Romanian Fixed Telephony Numbers To Reach 10 Digits As Of Aug 1

13:32, 31 Iul. 2008
Fixed telephony numbers in Romania will function, starting with August 1, only if the prefix is used, and starting with this date calls without prefixes will no longer be redirected to the destination.

Romanian President On Visit To Italy

11:08, 31 Iul. 2008
Romanian President Traian Basescu left for Italy’s capital city of Rome Thursday on a one-day working visit at the invitation of Italian Prime Minister Silvio Berlusconi.

One Dead, Three Badly Injured In Car Crash, E Romania

11:04, 31 Iul. 2008
One person died and three were injured Wednesday night in a car accident in Buzau county, eastern Romania.

Romanian Chamber Of Deputies To Meet In Extraordinary Session On Aug 13

15:58, 30 Iul. 2008
The Romanian Chamber of Deputies will meet in an extraordinary session on August 13, regarding the approval of criminal investigations against former ministers Miron Mitrea and Adrian Nastase, a session requested by president Traian Basescu.

Romanian Automotive Registry To Check Car Parts For Road Safety

15:39, 30 Iul. 2008
The Romanian Automotive Registry will be able to refuse acknowledging or certifying equipment, spare parts and exploitation material for vehicles if these items, even if they comply with European regulations, present road hazards or can be damaging for public health.

Romanian Social Democrats Threaten No-Confidence Motion Over Pwr Holding Proj

15:33, 30 Iul. 2008
Romania‘s leftist opposition Social-Democratic Party (PSD) will start procedures to draft a no-confidence motion if the government approves the setting up of the new vertically-integrated power holding, social democrat lawmaker Iulian Iancu told a press conference Wednesday.

Erste CEO Welcomes Romanian Ctrl Bk New Household Lending Rules

15:10, 30 Iul. 2008
The new regulations on household lending proposed by the Romanian central bank are welcome, since there are banks in Romania that act in “an almost reckless” fashion chasing bigger market shares, Erste Bank CEO Andreas Treichl said Wednesday.

Romania’s Romtelecom To Operate Social Services Numbers 116000 And 116111

15:09, 30 Iul. 2008
Romania’s telecom operator Romtelecom was granted licenses to use national six-digit numbers for social services 116000 and 116111, the country’s IT&C regulator ANRCTI said in a statement Wednesday.

Romania Puts Off DraCOOLa International Film Festival For 2009

14:45, 30 Iul. 2008
The Association Promoting the Romanian Film (APFR) rescheduled the DraCOOLa International Horror and Fantasy Film festival for next year, citing management problems, the head of the association, film director Tudor Giurgiu, said Wednesday.

CME Romania 1H Rev $137.83M Vs $91.56M YY

14:08, 30 Iul. 2008
Central European Media Enterprises Ltd., a European broadcaster founded by Ronald Lauder, son of the founders of Estee Lauder Inc., on Wednesday said its net revenues in Romania stood at $137.83 million in the first semester, up 50.5% from $91.56 million in the corresponding period a year ago.

UK’s Westhill To Invest Over EUR500M In Real Estate Proj In Romania

13:49, 30 Iul. 2008
United Kingdom’s Westhill Development will invest over EUR500 million over the next five years, in real estate projects in Romania, Westhill Romania’s director Andrei Panculescu said Wednesday.

Flood Aftermath: Over 15,800 People Evacuated In Northern Romania

12:09, 30 Iul. 2008
Over 15,800 people were evacuated, of which over 9,300 were evacuated from the eastern county of Neamt alone, five people died and 150 localities in six counties were flooded, according to Victor Paul Dobre, state secretary within the Ministry of Interior and Administrative Reform.

Romanian Ftbl Clubs To Have Accounts Blocked In Players Transfers Case – Sources

17:19, 29 Iul. 2008
Romanian prosecutors Tuesday launched legal procedures to block the accounts of football clubs Dinamo and Rapid from Bucharest, Gloria Bistrita and Otelul Galati, in a case involving alleged illegal transfers of 12 Romanian players abroad, people close to the matter said.

Romanian Automotive Registry Explains Handicap Mod Procedure For Cars

17:02, 29 Iul. 2008
Romanian owners of vehicles modified to be used by people with handicaps need to submit with the Romanian Automotive Registry (RAR) a statement of conformity, when the changes are written in the Vehicle’s Identity Card (CIV), and not documents mentioning the degree of invalidity.

Over Forty People Injured In Car Crash SE Romania

16:29, 29 Iul. 2008
Over 40 people were injured after several vehicles collided on national road DN 2A, on Constanta-Medgidia route, southeastern Romania.

Lifting Facilities For Romanian Programmers Hinders IT Sector Development – Employers

14:28, 29 Iul. 2008
The Romanian government changed the calculation of contributions programmers owe to the health insurance budget without prior public debates and the measure has negative effects on the IT&C industry, the employers’ association in the sector said.

Romania’s 1H Residential Building Permits Up 12.9% On Yr

12:23, 29 Iul. 2008
Romania issued 29,394 building permits for residential projects in the first half of the year, up 12.9% on the year, the country’s statistical board INS said Tuesday.

New York Prison Authorities Cling To Romanian Convict

16:27, 28 Iul. 2008
A Romanian citizen convicted to life imprisonment in the United States of America has been requesting a transfer to a Romanian prison for ten years now, but US authorities appose his request.

Flood Aftermath In NE Romania – Report

14:45, 28 Iul. 2008
The situation on the Prut river at the border with Moldova remains critical, but the number of people evacuated because of the recent flooding is down to 11,720 state secretary Victor Paul Dobre said Monday.

Romanian Fin Min Says ’08 Headline Inflation At 6-7%

14:19, 28 Iul. 2008
Romania’s headline inflation will be between 6% and 7% this year, exceeding the central bank’s target of 2.8-4.8%, Economy and Finance Minister Varujan Vosganian said Monday.