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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.

Orange Romania To Sell iPhone 3G For EUR489 Tops

13:33, 20 Aug. 2008
Orange Romania, part of France’s mobile telephony operator Orange, on Wednesday said the new iPhone 3G handset, to be launched in Romania on August 22, will sell for prices ranging between EUR179 and EUR489, based on the type of model and subscription.

U.S. Bechtel Continues Asphalt Works On Romania’s Transylvania Highway

13:12, 20 Aug. 2008
U.S. construction company Bechtel started asphalt works on a 25- kilometer road section of Transylvania Highway, linking central Brasov to western Bors, and completed only five kilometers so far.

Romanian President Traian Basescu Starts Diplomatic Tour

10:57, 20 Aug. 2008
Romanian President Traian Basescu left for Kiev Wednesday morning where he begins his two-day diplomatic tour, which includes working visits in Ukraine, the Republic of Moldova, Azerbaijan, Georgia and Turkey.

Romanian PM Sacks IT&C Regulator Head

20:47, 19 Aug. 2008
Romanian Prime Minister Calin Tariceanu sacked Tuesday the head of the authority regulating the communications and information technology sector ANRCTI, the government said.

Romanian Head Of EU Affairs Dept Dismissed On Incompatibility Of Office

17:46, 19 Aug. 2008
Romanian Premier Calin Popescu Tariceanu on Tuesday dismissed secretary of state Adrian Ciocanea-Teodorescu from his position as head of Department for European Affairs (DAE), over incompatibility of public offices, the government said in a press release.

Romania’s Former Transport Minister Pins Infrastructure Problems On PM

14:54, 19 Aug. 2008
The lousy stage of construction works on four major infrastructure objectives represents the personal failure of acting Prime Minister Calin Popescu Tariceanu, the country’s former transport minister Radu Berceanu told a press conference Tuesday.

Romania’s Rompetrol Cut Diesel Oil Pump Prices By RON0.04/Liter

11:54, 19 Aug. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, cut Tuesday its diesel oil pump prices by 0.04 lei (EUR1=RON3.5302) per liter, and kept gasoline prices unchanged, the company said in a statement.

Air Bucharest Transport Aerian To Start Operating In March ‘09

19:21, 18 Aug. 2008
The owners of tourism agencies Kusadasi and Fibula Air Travel, the spouses Yapici, will expand their business by founding an air transport company for passengers, after an investment of some EUR6 million.

Romania’s Telecom Mkt Seen At RON15.5B In ’08 – Report

16:31, 18 Aug. 2008
Romania’s telecommunications market is seen at 15.5 billion lei (EUR1-RON3.5302) in 2008 from RON14 billion a year ago, a 3.4% growth fall driven by lower telecom service prices, Polish consultancy company PMR said in a report Monday.

Romanian Senate To Hold Extraordinary Session On August 25-28

16:24, 18 Aug. 2008
The Romanian Senate will meet between August 25 and 28 in an extraordinary session, to discuss the cases of former minister Codrut Seres and acting minister Paul Pacuraru, the Senate leaders decided Monday.

Romania’s Petrom To Cut Diesel Oil Pump Prices By RON0.04/Liter

12:46, 18 Aug. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), cut Monday its diesel oil pump prices by 0.04 lei (EUR1=RON3.5483) per liter, and kept the same tariffs for the gasoline, the company said in a statement.

Romania’s BCR Installed ATMs In Main Subway Stations In Bucharest

12:17, 18 Aug. 2008
Romania’s largest lender by assets Banca Comerciala Romana, or BCR, installed ATMs in the main subway stations in Bucharest, the bank said Monday.

Romanian Lender BRD Launches Its First Chip Cards

11:45, 18 Aug. 2008
Romania’s second-largest lender Banca Romana pentru Dezvoltare -Groupe Societe Generale (BRD.RO), which is majority owned by France's Societe Generale, Monday launched its first chip-based cards in a move to wipe out card fraud, the bank said Monday.

Romania’s Main Opp Party Proposes Lifting Immunity Of High-Ranking Officials

19:39, 17 Aug. 2008
Romania’s leftist opposition Social-Democratic Party (PSD) will propose, at the beginning of the legislative session, a draft law amending the Constitution, so as to lift any form of immunity for the head of state, government members and lawmakers, PSD head Mircea Geoana said Sunday.

Romanian Sandra Izbasa Wins Women’s Floor Exercise Olympic Gold

17:17, 17 Aug. 2008
Romanian Sandra Izbasa won the women's floor exercise gold medal at the Beijing Olympic Games on Sunday.

Businessman Fathi Taher To Invest EUR40M In Five-Star Hotel Central Romania

16:47, 17 Aug. 2008
Businessman Fathi Taher will invest EUR40 million in a five-star hotel to be built on the land of Trei Brazi tourism company in Predeal mountain resort, central Romania.