English

Romanian Brokers To Check Clients With The Aid Of Banks -Draft Regulation

14:54, 05 Iun. 2008
Brokerage firms will be obliged to check clients with the aid of banks to help prevent and fight against money laundering and the funding of terror acts using the capital market, according to a draft regulation of the Romanian National Securities Commission, or CNVM.

Romanian President Mulls New Territorial Division For The Country

13:44, 05 Iun. 2008
Romanian President Traian Basescu said Thursday, at the meeting of the commission analyzing the Constitution, that the country’s territorial division is obsolete and should be changed.

Italy’s Enel Completes 64.4% Stake Takeover Deal In Electrica Muntenia Sud

13:29, 05 Iun. 2008
Italian utility Enel SpA finalized the takeover deal of a 64.4% stake in regional power distributor Electrica Muntenia Sud, following the EUR425 million share capital hike, the group said in a statement Thursday.

Romanian Royal Family Returns To Royal Domain After 60 Years

11:45, 05 Iun. 2008
Dozens of people gathered Thursday morning in the yard of the Peles Castle to witness the return of Romania’s King Mihai and the royal family on their domain in Sinaia, central Romania, after an absence of 60 years.

Romania’s Jan-Apr Pwr Output Up 4.1% On Yr, Resources Up 2%

10:32, 05 Iun. 2008
Romania’s power output rose 4.1% on the year in January-April, while the country’s total power resources rose 2% on the year in the same period of 2008, the National Statistics Institute said Thursday.

First Round Of Local Polls For Bucharest Mayoralty Ended Wednesday

22:45, 04 Iun. 2008
Most members of the Bucharest Electoral Office (BEM) Wednesday signed the minute containing the centralized results in all polling stations in Bucharest and will submit it to the Central Electoral Office (BEC).

Romanian Football Federation Suspends Football Moguls Over Corruption Scandal

21:06, 04 Iun. 2008
The Discipline Commission of the Romanian Football Federation, or FRF, Wednesday decided to suspend FC Steaua owner, Gigi Becali, and FC Universitatea Cluj president, Anton Dobos, and ban their access “on any stadium” for a two-year period.

Romania’s Rompetrol Cuts Pump Prices By RON0.05/Liter

18:41, 04 Iun. 2008
Romania’s second-largest oil company Rompetrol Group NV cut Wednesday its pump prices by 0.05 lei (EUR1= RON3.6284) per liter, the company said in a statement.

Romania’s Rompetrol Gas Takes Over MoldInterGaz Moldova

18:16, 04 Iun. 2008
Rompetrol Gas, the liquefied petroleum gas unit of Romania's second-largest oil company Rompetrol Group NV, bought the main stake in LPG importer and distributor MoldInterGaz Moldova from the Moldova Republic, the company said Wednesday.

Romanian Mediafax News Agency Deputy Editor-In-Chief Elected WAN Board Member

16:50, 04 Iun. 2008
Indira Crasnea, interim president of the Romanian Press Club and deputy editor-in-chief of Mediafax news agency, has been elected board member in the World Association of Newspapers, or WAN, the association said Wednesday.

Members Of Organized Crime Network Caught Red-Handed In S Romania

16:15, 04 Iun. 2008
Two people were arrested and other two are probed at large for drug possession following thorough checkups conducted by the officers of the Craiova Department Fighting Organized Crime, southern Romania.

Sailor Missing In Intl Waters Betw Romania, Ukraine

15:50, 04 Iun. 2008
One sailor was reported missing Monday afternoon from aboard a Slovakian ship sailing on the Black Sea, in international waters between Romania and Ukraine.

Romanian Ctrl Bk Governor Says ’08 GDP Growth May Exceed Expectations

14:45, 04 Iun. 2008
Romania’s economic growth might exceed expectations in 2008, but the country should improve its productivity and keep an eye on the current account deficit, central bank governor Mugur Isarescu said on Tuesday.

Romania Sends 11 Felines To South Africa

14:43, 04 Iun. 2008
A total number of nine lion cubs, aged between four and 14 months, were taken from the Braila Zoo, eastern Romania, and placed in special cages, and will be sent, together with another two felines, from Brasov and Hunedoara, central Romania, to a natural reservation in South Africa.

Romania Could Benefit From Global Credit Crunch – Ctrl Bkr

13:36, 04 Iun. 2008
The global credit crunch has so far had no negative impact in Romania and might even help curb the country’s booming lending, central bank governor Mugur Isarescu said Wednesday at a financial seminar.

Romania House Prices Seen Climbing – Ctrl Bk

12:54, 04 Iun. 2008
House prices in Romania will increase in the upcoming months, but estimations regarding the evolution in the second half of the year are less exuberant, which might justify more severe mortgage loans conditions, the country’s central bank said in a poll Wednesday.

Romania’s 24% YOY Wage Hike In Apr Takes Direct Hit At Competitiveness – Ctrl Bker

12:45, 04 Iun. 2008
Romania’s 24% year-on-year wage increase in April is a direct hit at competitiveness, central bank deputy governor Eugen Dijmarescu said Wednesday.

Romania’s Apr Indus Sales Up 17.5% On Yr

10:03, 04 Iun. 2008
Romania’s industrial sales rose 17.5% on the year in April due to 40.6% growth in the energy sector and 16.3% hike in the manufacturing sector, the National Institute of Statistics, or INS, said Wednesday.

Romania’s Apr Net Salary Up 7.6% M-M To RON1.282

10:02, 04 Iun. 2008
Romania's net average salary was up 7.6% to 1.282 lei (EUR1-RON 3.6215) in real terms in April 2008, compared with March 2008, the National Institute for Statistics said Wednesday.

Romanian Car Maker Dacia Launches Sandero Locally

21:27, 03 Iun. 2008
Romanian car maker Dacia launched in Romania the two-volume model Sandero, the fifth car developed by Renault and Dacia on the Logan platform (B0), at prices ranging between EUR6,890 and EUR9,850, VAT included.

Preliminary Results: Independent Candidate Leads Elections For Bucharest Mayoralty

19:19, 03 Iun. 2008
Romania’s Central Electoral Office Tuesday said independent candidate Sorin Oprescu leads the race for Bucharest mayoralty with 30.17% of the votes, which places him ahead of democrat liberal rival Vasile Blaga who gained 29.48% of the votes.

Romanian Democrat Liberals Win 28.37% Of County Council Seats – Partial Results

19:11, 03 Iun. 2008
Romanian elections officials on Tuesday said democrat liberals gained 28.37% county council seats at the local elections on Sunday, followed by Social Democratic Party with 28.04% and the National Liberal Party – 18.66%.

Italy’s „Overland For Smile” Caravan Returns To Romania 3rd Yr In A Row

17:40, 03 Iun. 2008
Italy’s “Overland for Smile – Smile of a child” humanitarian campaign, an ample program providing free dental medial aid to institutionalized children in Southeast Europe, returns to Romania for the third year in a row, organizers said in a press conference Tuesday.

Romania Still Lacks Caller Location For Mobile 112 Calls – EC

16:24, 03 Iun. 2008
Romania is still on the European Commission’s list of states lacking caller location for mobile calls to the single emergency number 112, and Romanian authorities have not yet sent data on response times, the European Commission said Tuesday.

RCA Insurers To Be Held Liable Once Policies Are Released – Regulator

15:56, 03 Iun. 2008
Romanian insurers who sign civil liability car insurance policies (RCA) will be held liable from the moment the policy is released, the country’s insurance regulator CSA said Tuesday.

Romania To See Massive Political Class Changes After Nov Elections – President

14:32, 03 Iun. 2008
Local election results in Romania prove that reform of the political class has started and massive changes will take place at the legislative elections in November, Romanian president Traian Basescu told Deutsche Welle radio in an interview Monday.

Romania’s 1Q GDP Growth More Than Triple The EU Avg

13:58, 03 Iun. 2008
Romania’s first-quarter gross domestic product growth, of 8.2% on the year, was more than triple the average economic growth in the European Union, according to data of the EU’s statistical office Eurostat.

Romanian Jan-Apr Budget Surplus At 0.2% Of GDP

11:37, 03 Iun. 2008
The Romanian consolidated state budget ran a small surplus of 0.2% of gross domestic product in January-April this year, compared with 0.34% of GDP in the same period last year, according to the latest data released Tuesday by the Romanian Finance Ministry.

Romania’s Economy Seen Growing Over 5% Per Yr By 2020

11:16, 03 Iun. 2008
Romania’s economy is seen growing over 5% per year by 2020, while slowing down from a growth peak of 6.5% in 2008 to a low of 5.2%, the Romanian forecasting commission said Tuesday in a report.

Four Dead, Three Injured In Major Car Crash S Romania

22:45, 02 Iun. 2008
Four people died and other three were injured Monday evening in a car crash on national road DN1, near Baicoi location, between Romania's southern city of Ploiesti and central city of Brasov.

Partial Results: Independent Candidate Leading Elections For Bucharest Mayor

18:59, 02 Iun. 2008
Romanian elections officials Monday said independent candidate Sorin Oprescu is leading the race for Bucharest mayor seat with 30.4% of the votes, ahead of main rival Vasile Blaga (Democratic Liberal Party), who gained 28.1% of the votes, according to the latest partial results.

Interior Min Launches Probe Into Election Incidents SE Romania

16:10, 02 Iun. 2008
Romania’s Interior Ministry on Monday launched a probe into the incidents that occurred in Stefanesti commune, southeastern country during the local elections on June 1.

Romanian PM Declines Comments On Voting Incident At Local Polls

15:59, 02 Iun. 2008
Romanian Prime Minister Calin Popescu Tariceanu Monday declined to answer the journalists’ questions regarding the way he voted Sunday in the Romanian local elections, stressing he is much more interested in the things that need to be done in the future, rather than such “trifles.”

Foreign Purchase Of Romania Shrs, Bonds 4-Mos RON207.8M Vs RON1.11B On Yr

13:22, 02 Iun. 2008
The combined volume of shares and bonds that foreign investors bought on the Bucharest Stock Exchange and the Rasdaq market in the first four months declined to 207.8 million lei (EUR1=RON3.213), from RON1.11 billion during the same period a year before,the Romanian Securities Commission said Monday

Romania To Ask For EC Approval To Write Off Coal Mining Co CNH Debt

13:15, 02 Iun. 2008
Romanian Economy Ministry said it will analyze, jointly with European Commission and the Competition Council, the possibility to write off the debts of Romanian coal mining company Compania Nationala a Huilei, or CNH, in order to restructure the company, the ministry said Monday.

Romanian 1Q GDP +8.2% On Yr Vs +6% Yr Ago

10:21, 02 Iun. 2008
Romania’s gross domestic product growth accelerated to 8.2% in real terms in the first quarter of 2008, compared with 6% in the corresponding period a year before, the National Statistical Institute, or INS, said Monday.

Voter Turnout In Romanian Local Elections 49.38%

23:33, 01 Iun. 2008
Romanian elections officials Sunday reported overall turnout at polling places reached 49.38%.

Ontanu, Negoita Sure Winners For Mayor Seats In Bucharest 2nd, 3rd Districts-Exit Polls

21:55, 01 Iun. 2008
Social democrat Neculai Ontanu is seen winning the mayor seat in Bucharest 2nd District with 57% of the votes, according to an exit poll conducted by the Company for Sociologic Research and Branding, quoted by Antena 3 TV channel.

Romania’s Airliner Tarom Gets IOSA Certificate Renewed

14:42, 01 Iun. 2008
The International Air Transport Association, or IATA, extended by two years the operational safety certificate granted to Romania’s state-owned airliner Tarom, the airliner said in a statement Sunday.

Moldovan President Says Romania Refuses To Sign Border Treaty

16:29, 31 Mai 2008
Moldovan President Vladimir Voronin said he notified the presidents of the 27 member states of the European Union about Romania’s refusal to sign the border Treaty between the two countries, unimedia.md reported Saturday.