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Romanian Govt OKs 2nd Budget Revision In ’08

13:09, 16 Iul. 2008
The Romanian government Wednesday approved the second budget deficit revision this year, giving more funds to Transportation, Economy, Defense and Environment Ministries.

Romania’s Union of Plastic Artists Evicted From HQ Returned To Former Owners

12:26, 16 Iul. 2008
The Romanian Union of Plastic Artists lost its main residence in Bucharest, and the building was being evicted Wednesday morning, following the mayoralty’s decision to return it to previous owners.

Romania’s 5-Mo Curr Acct Def +11.08% On Yr To EUR6.526B

11:12, 16 Iul. 2008
Romania’s current account deficit rose 11.08% on the year in January-May period to EUR6.526 billion, due mainly to a rise of the trade deficit, the central bank said in a statement.

Twelve Injured In Tourist Bus Crash Central Romania

10:31, 16 Iul. 2008
Twelve Polish tourists, including nine teenagers, were injured after the bus taking them to Aciliu, in the central Romanian county of Sibiu, was hit by a truck Tuesday night on national road DN 1.

Czech AERO Vodochody To Pay EUR16.3M For Romania’s Avioane Craiova

10:11, 16 Iul. 2008
Romania’s privatization authority AVAS will negotiate with Czech AERO Vodochody the sale of the main stake in the country’s airplane maker Avioane Craiova, the Czech company’s offer reaching EUR16.3 million, AVAS said Wednesday.

Two Missing In Blast At Explosive Mkr Nitramonia Fagaras Feared Dead

20:36, 15 Iul. 2008
The two people reported missing Tuesday afternoon following a blast at explosives maker Nitramonia Fagaras, central Romania, are feared dead, but investigators declined to make an official statement in this respect.

Rompetrol Group Pres Founds Oil Co, Buys Eurojet, FinGroup From Rompetrol – Sources

20:05, 15 Iul. 2008
Romanian oil tycoon Dinu Patriciu, president of Romanian oil company Rompetrol Group, will establish in August a new company operating in oil sector and will buy airliner Eurojet and non-banking financial institution IFN FinGroup Credit from Rompetrol, sources close to the matter said Tuesday.

Romanian Rompetrol Lays Off Several Hundreds Employees – Sources

19:41, 15 Iul. 2008
Kazakhstan's KazMunaiGaz, majority shareholder of Romanian oil company Rompetrol, and a team led by president Dinu Patriciu and Titov Buzescu, operational efficiency vice-president, started a restructuring process, including the layoff of several hundreds employees, Rompetrol sources said Tuesday.

Romania’s Rompetrol Ups Pump Prices By RON0.03/ Liter

18:32, 15 Iul. 2008
Romania’s second-largest oil company Rompetrol Group NV hiked Tuesday its gasoline and diesel oil pump prices by 0.03 lei (EUR1=RON3.6026) per liter, the company said in a statement.

Romanian Authorities Arrest 24 Suspects In Internet Crime Frauds

17:13, 15 Iul. 2008
Romanian authorities Tuesday arrested 24 people suspected of defrauding foreign nationals of over EUR400,000 with computer crimes, including credit card fraud.

Romanian Govt To Suspend Subsidized Loans For The Disabled – Sources

16:22, 15 Iul. 2008
The Romanian government will suspend during the second budget revision in 2008 the subsidized loans for people with disabilities, after the authorities recently limited the loan value to EUR10,000, government sources said Tuesday.

Romanian Leu Most Affected By Intl Crisis In Region- Coface

16:06, 15 Iul. 2008
Romanian leu is the currency in the region most affected by the international financial crisis, while Romania, alongside states like Lithuania, Bulgaria, Hungary and Turkey are considered "fragile" states, according to rating agency Coface.

Romanian Budget Def To Be Revised Up, Remains At 2.3% Of GDP

15:34, 15 Iul. 2008
Romania’s general consolidated budget deficit will be increased in Wednesday revision by 842 million lei ($373.5 million), due to a higher than expected gross domestic product at the end of the year, government sources said.

Romanian Competition Auth Looks Into Curiero Takeover By RTC Holding

15:09, 15 Iul. 2008
Romania’s Competition Council started checkups to see if the takeover of courier company Curiero by RTC Holding breaches competition rules.

Romanian Artist Razvan Mazilu To Perform Before Beijing Olympic Games

14:43, 15 Iul. 2008
Romanian artist Razvan Mazilu will present his theatre and dance show “Urban Kiss” on July 19, 20 and 21 within the cultural Olympics before the Olympic Games in Beijing as part of the Ministry of Culture’s agenda dedicated to the event.

Romanian Bank Officials To Discuss Ctrl Bk Debt Ceiling Draft Regulation Friday

14:27, 15 Iul. 2008
The officials of banks within the Romanian Banking Association, or ARB, will meet Friday to discuss the central bank’s draft regulation limiting credit risk on household lending.

Romania To Grant EUR575M State Aid By 2012 To Investors Creating Over 500 Jobs

13:19, 15 Iul. 2008
Large companies investing over EUR100 million in Romania and creating at least 500 new jobs will benefit from some EUR25 million in state aid, from a total EUR575 million earmarked for 2008-2012.

Last Extra Tickets For Metallica, Iron Maiden Concerts In Bucharest

12:49, 15 Iul. 2008
An additional 1,000 tickets will be put up for sale for the Metallica concert taking place on Jul 23, on the Cotroceni stadium, while Iron Maiden fans will benefit from an extra 1,500 tickets, organizers Emag!c Entertainment said.

Bucharest’s Dalli Says It Contributed EUR1.5M To City’s Budget In ‘07

12:20, 15 Iul. 2008
Dalli Exim, the firm managing most of the paid parking spots in romania’s capital city Bucharest, said it had a profit of EUR147,000 in 2007, of which EUR1.5 million went to the Bucharest mayoralty.

Over 10,000 Tickets Sold In 3 Days For Bute Vs. Andrade Boxing Match

11:01, 15 Iul. 2008
Over 10,000 tickets have been sold in just three days for the boxing match between Romanian international super middleweight boxing champion Lucian Bute and Mexican boxer Librado Andrade, to take place on Oct 24, in Montreal, Canada, organizers said.

Romania’s Population Dn In May, Mirrors Last Yrs’ Trend

10:01, 15 Iul. 2008
Romania’s population saw a decrease in May, mirroring the trend of the last years, the National Institute of Statistics, or INS, said Tuesday.

Romanian PM , Fin Min And Ctrl Bk Governor In Talks Over Budget Revision Due Wed

18:53, 14 Iul. 2008
Prime Minister Calin Popescu Tariceanu, Economy and Finance Minister Varujan Vosganian and central bank governor Mugur Isarescu held talks Monday over the second budget revision in 2008.

Old Apartment Prices In Bucharest Dn Avg 12% In 2Q

15:19, 14 Iul. 2008
The prices of old apartments in Romania’s capital city Bucharest decreased an average 12% in the second quarter of the year compared to the first quarter, with the highest decrease posted by two-room apartments, realty website MagazinulDeCase.ro said Monday.

One Out Of Ten Romanians Plans To Buy A Home By ’10 – Study

15:04, 14 Iul. 2008
One out of ten Romanians estimates they will buy a home in the next three years, a much higher ratio compared to the average registered in central and eastern European states, and the highest ratio in the region, according to a study compiled by lender UniCredit.

Romania’s Leftist Opposition To Complete Parliament Election Candidates List By Aug 25

14:51, 14 Iul. 2008
Members of Romania’s leftist opposition Social Democratic Party intent on running for lawmaker positions in the upcoming parliament elections have to submit their applications by Jul 25, and final validation will be given by Aug 25, the party’s spokesperson, Cristian Diaconescu, said Monday.

Romania’s New List Of Compensated, Free Drugs Effective As Of Jul 15

13:35, 14 Iul. 2008
Romania’s new list of compensated and free drugs, approved during the government meeting on July 9, will come into effect as of July 15 and will trigger a 5% to 12% decrease in drug prices, depending on their value, Romanian Prime Minister Calin Popescu Tariceanu said Monday.

Industrial Production Higher In Three EU States In May, Including Romania

13:14, 14 Iul. 2008
Romania, Bulgaria and Ireland accounted for higher industrial production in May, being the only European Union member states with increasing production trend, the Statistical Office of the European Communities, Eurostat, said Monday.

Romanian Ctrl Bk Extends Debates On Debt Ceiling Draft Regulation By Jul 31

12:50, 14 Iul. 2008
Romania’s central bank extended until Jul 31 the period for public debates on its draft regulation limiting credit risk on household lending after several commercial banks required the extension.

Bucharest Officials Order Demolition Of Illegal Constructions In Herastrau Park

11:50, 14 Iul. 2008
The Bucharest mayoralty inspectors and the employees with the Bucharest Lakes and Parks Administration (ALPAB) ordered Monday morning that illegal constructions onto 1,900 square meters in Herastrau park be pulled down.

Romanian Military Of King Ferdinand Frigate, Found Dead On Burgas Beach

11:16, 14 Iul. 2008
A military foreman of Romania’s frigate King Ferdinand Saturday died of a heart-attack in Bulgaria, during a mission in the town Burgas.

Romanian President Urges Local Cos To Invest In Mediterranean States

10:37, 14 Iul. 2008
Romanian companies are likely to resume business operations in the Mediterranean region under the EU’s watch, which will provide funds in this respect, Romanian President Traian Basescu said Sunday at the Mediterranean Union Summit held in Paris, France.

Romanian Pres To Attend Mediterranean Union Summit In Paris

15:38, 12 Iul. 2008
Romanian President Traian Basescu will leave for Paris, France on Sunday to attend the Mediterranean Union summit, as well as the festivities on France’s Day on July 14, the presidency said in a statement Saturday.

New Bucharest Mayor Presents Report On City Situation, Quotes Irregularities

21:08, 11 Iul. 2008
Bucharest Mayor Sorin Oprescu on Friday presented his report on the city’s situation, saying he found several irregularities that, if it were not for his appointment as mayor, would have not been made public.

Car Dealer Trust Motors To Launch 2 New Peugeot Models In Romania

17:54, 11 Iul. 2008
Romanian car dealership Trust Motors, importer of Peugeot brand, plans to launch two new Peugeot models by the first half of 2009, company officials said Friday.

Romanian Social Democrats, Conservatives, Present Governing Agenda

15:07, 11 Iul. 2008
The leader of the Romanian social democrats, Mircea Geoana, said Friday the government formed by the social democrats and conservatives aims to boost the minimum wage to RON1,000 (EUR1 = RON3.5507), two build eight stadiums at UEFA standards, and 1,000 kilometers of speedways and railroads.

EXCLUSIVE: Romanian Boxer Diaconu Is The New World Boxing Champion

15:05, 11 Iul. 2008
The Romanian Boxer Adrian Diaconu will be named the new WBC champion of the light heavyweight category, following the present champion’s second refusal, American Chad Dawson, to fight the Romanian boxer in a Romanian arena.

Over 50% Of Romanian Teens Are Illiterate – EU Observer

14:09, 11 Iul. 2008
Over 50% of Romanian and Bulgarian teenagers aged 15 cannot read and understand a written text, according to a report of the European Commission (EC), cited by EUObserver.

Nine Consortiums, One Co Race To Provide Road Upkeep Services

11:08, 11 Iul. 2008
Nine consortiums and one company filed bids and qualified in the auction set up by the Bucharest Regional Roads and Bridges Department (DRDP) to select companies to provide maintenance services over the next four years for the national roads it administrates.

Romanian PM Urges Internet Access In Rural Areas By Yearend

20:06, 10 Iul. 2008
Romanian Prime Minister Calin Popescu Tariceanu Thursday said the strategy targeting to expand Internet access in rural areas must be completed by yearend, not in 2009.

Bucharest Mayor Appoints Interim Head Of Public Service Dept

18:18, 10 Iul. 2008
Bucharest general mayor Sorin Oprescu Thursday appointed Marian Turlea as interim director of the General Infrastructure and Public Service Department within Bucharest mayoralty, replacing Gheorghe Udriste who resigned Wednesday.