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Romania, Hungary GDP Seen Higher Unlike Emergent Mkts -World Bk

19:29, 18 Iun. 2008

The economic growth of Romania and Hungary is seen higher in 2008 unlike the trend of countries on the emergent markets, which would see a stable or even lower gross domestic product, or GDP, World Bank said in a report Wednesday.

Romania Pvt Pension Regulator Fines Insurer, Pension Fund For Law Violation

17:34, 18 Iun. 2008

Romania’s private pension system regulator CSSPP fined insurer ING Asigurari de Viata and pension fund ING Fond de Pensii RON225,210 (EUR1-RON3.6629) and RON1.16 million, respectively, for having breached the provisions of the legislation in the field of mandatory and voluntary private pensions.

Czech AAA Auto Not Leaving Romanian Mkt But Considers The Option – Spokesman

17:30, 18 Iun. 2008

Czech used car dealer AAA Auto is not preparing a withdrawal from Romania and Poland, but will consider this option if losses on these markets continue to rise, the company’s spokesman Jaroslav Smutny told MEDIAFAX Czech Republic Wednesday.

Romania’s Rompres Receives Green Light To Go Back To Former Name

16:41, 18 Iun. 2008

The Culture Committee with Romania’s Chamber of Deputies on Wednesday gave green light to state-owned news agency Rompres to return to its old name – Agerpres, provided someone else did not register the brand at the office for trademarks.

Romanian Govt Thumbs Up Investment Law

16:30, 18 Iun. 2008

The Romanian Government approved Wednesday the law stimulating investments, which targets the grant of facilities and state aid in several sectors, among which, processing industry, electricity and natural gas production and supply, and telecommunications, the Economy and Finance Ministry said.

Romanian Govt OKed Dismissal Of Bucharest Prefect – Sources

14:09, 18 Iun. 2008

The Romanian government approved Wednesday the dismissal of Catalin Deaconescu from the position of prefect of capital city Bucharest, people close to the matter told MEDIAFAX.

Romanian PM, Bucharest’s New General Mayor Discussed City’s Major Projects

13:08, 18 Iun. 2008

Romanian Prime Minister Calin Tariceanu told ministers Wednesday at the beginning of the cabinet meeting that he had an informal talk with Bucharest’s newly elected general mayor Sorin Oprescu on the capital city’s major projects

Romania’s Petrom Hikes Gasoline, Diesel Oil Pump Prices

12:09, 18 Iun. 2008

Romania’s largest oil company Petrom SA (SNP.RO) hiked Wednesday gasoline and diesel oil pump prices by 0.07 lei (EUR1=RON3.6612) per liter and RON0.06 per liter respectively, the company said in a statement.

Netherlands Sent Romania Home From Euro 2008

06:47, 18 Iun. 2008

Romania failed to qualify in the quarter-final of the European Football Championship after it lost 0-2 (0-0) to the Netherlands, which topped Group C with maximum points.

Romania Opposes To Further EU Suspension Of Grain Import Duties

16:43, 17 Iun. 2008

Romania opposed an EU proposal to maintain suspension of import duties for cereals from third countries, due to the negative impact it would have on the Romanian market by putting additional pressure on prices.

Romanian National Trade Registry Takes Applications Online

16:31, 17 Iun. 2008

Authorized individual and family ventures have the possibility, starting with June 12, to submit the registration requests for the National Trade Registry online, said the institution, which also wishes to set up an electronic payment system.

Romanian Performers’ Monthly Salary Could Reach Up To RON4,200

14:59, 17 Iun. 2008

Romanian performers will see increased salaries this year, of up to 4,200 lei (EUR1=RON3.6612) compared to the current maximum of RON1,500, state secretary in the Ministry of Culture Demeter Andras told a news conference Tuesday.

IKEA Romania Recalls Lamp On Fire Hazard Potential

14:30, 17 Iun. 2008

IKEA Romania, the local unit of Swedish furniture and home decorating giant, decide to recall a type of lamp which the Swedish National Electricity Safety Board found to be a fire hazard.

Romanian Govt To Pay RON7.1M Compensations For Lands In N Bucharest

13:47, 17 Iun. 2008

The Romanian government will pay compensations of 7.1 million lei (EUR1=RON3.6612) to six companies, among which retailer Selgros Cash&Carry and lender Banca Transilvania, and several individuals, for ten plots of land in northern Bucharest needed for the construction of a passageway.

Negligent Driver Injures Two People, Damages 7 Cars In Bucharest

12:57, 17 Iun. 2008

A young man, whose driving license had been suspended, caused a car accident Monday evening in Bucharest, injuring two people and damaging seven cars in an attempt to escape the pursuit of a traffic police officer.

Final Results: Independent Sorin Oprescu Is New Bucharest Mayor

12:27, 17 Iun. 2008

The Bucharest Electoral Office (BEM) announced Tuesday that independent Sorin Oprescu won the race for Bucharest mayoralty with 56.55% of the votes against 43.45% gained by democrat–liberal rival Vasile Blaga.

Romanian Democrat Liberals, New Generation Party To Form Majority In Bucharest General Council

10:59, 17 Iun. 2008

Romanian democrat liberal vice president Adriean Videanu and New Generation Party leader, football mogul Gigi Becali, met Monday evening and decided the two parties would form a majority in the general council of capital city Bucharest, Videanu told MEDIAFAX.

Independent Sorin Oprescu Leads Elections For Bucharest Mayoralty

20:04, 16 Iun. 2008

Bucharest elections officials on Monday said independent Sorin Oprescu leads the race for the city mayoralty with 56.55% of the votes against 43.45% of the votes gained by democrat liberal Vasile Blaga.

Romania, Ukraine Most Targeted By Investors In CEE – Survey

15:00, 16 Iun. 2008

Romania ranks first in a regional ranking of countries most targeted for investment, alongside Ukraine, and the two countries, along with Russia and Bulgaria, are considered to have the most positive business climates in Central and Eastern Europe, according to a poll conducted by Thomson Reuters.

Romania’s Jan-Apr Curr Acct Def Widens 7.5% On Yr To EUR4.84B

14:49, 16 Iun. 2008

Romania’s current account deficit widened 7.5% on the year in January-April to EUR4.842 billion, from EUR4.504 billion in the year-earlier period, on higher trade deficit, the central bank said in a statement Monday.

Bucharest Prefect Plans To Sue Official Gazette Over Missing Ballots

14:44, 16 Iun. 2008

Bucharest prefect Catalin Deaconescu wants to sue the Romanian Official Gazette (MO) for the 33,072 voting ballots that were missing, after the counting of the forms, from the 1,973,506 forms ordered in the six districts.

Liberal Candidate To Grab Mayor Seat In Romanian Commune, After Rightful Winner Dies

13:46, 16 Iun. 2008

Romania’s Central Electoral Office decided Monday to declare the liberal candidate for the mayor seat in Voinesi commune, in the eastern Romanian county of Iasi, the winner in Sunday’s second round of local elections, following the death of the rightful election winner.

Romania Ranks Among Countries Less Trade-Liberalized – World Bank

13:44, 16 Iun. 2008

Romania ranked 116 from 125 countries in 2006 given the country’s trade liberalization degree, but ranked 10 in the top of most diversified countries by export products, the World Bank said in a report.

Romanian Agric Ministry Plans To Soften EU Funding Restrictions On Debtors

13:02, 16 Iun. 2008

Romanian beneficiaries of SAPARD funding with debts to the Payment Agency for Rural Development and Fishing might be allowed to submit projects for EU funding as soon as they pay their debts and penalties, instead of a year later, as initially set.

Romanian Local Elections Turnout At 14:00 Local Time – 23.23%

16:27, 15 Iun. 2008

The voting turnout in the second round of Romanian local elections, on a national level, was 23.23 % Sunday at 14:00 local time, said the spokesperson for the Central Electoral Office, Marian Muhulet.

Romanian Local Elections Turnout At 10 AM – 7.02%

12:17, 15 Iun. 2008

The voting turnout in the second round of Romanian local elections, on a national level, was 7.02% Sunday at 10:00 local time, said the spokesperson for the Central Electoral Office, Marian Muhulet.

Romanian Anticorruption Auth Arrests 18 In Corruption Case

17:50, 14 Iun. 2008

The Romanian National Anticorruption Department (DNA) requested, Saturday, arrest warrants in the name of 18 people involved in the wide corruption scandal that includes employees from the Arges Driving License and Registrations Service, including the service chief, Codrut Gheorghe Vlasceanu.

Romanian Pawn Shop Employee Stabbed, Killed

13:51, 14 Iun. 2008

A 25n year old woman working in a pawn shop in southern Romanian town Galati was stabbed to death, Saturday morning, around 08:00 local time.

Romania Ties Against Italy, 1-1, In European Football Championship

21:00, 13 Iun. 2008

Italy - Romania, score 1-1. Romania’s goal was scored by Adrian Mutu, while Panucci scored for Italy.

Used Apartment Prices In Bucharest Saw Decrease In May – Colliers

19:43, 13 Iun. 2008

Prices for used flats in Bucharest dropped in May, compared to April, this being the second decrease in the prices for flats this year, after the one registered in February, according to the latest Colliers index for apartment prices.

Romanian-Russian Relations To Gain New Dynamics – Romanian Foreign Affairs Min

16:54, 13 Iun. 2008

Romanian foreign affairs minister Lazar Comanescu said on national radio station RRA that after the meeting held between Romanian president Traian Basescu and Russian leader Vladimir Putin within the NATO summit, there are signals indicating "new dynamics" in Romanian-Russian relations.

Romanian Anticorruption Prosecutors Detain Doctor For Alleged Drug Dealing

16:52, 13 Iun. 2008

Romanian anticorruption prosecutors detained Vladimir Dumitrascu, doctor within Bucharest’s Sports Club, for alleged drug dealing and proposed the Bucharest Court to issue a 29-day preventive arrest warrant.

Romanian President Could Face New Impeachment – Senate Chairman

16:41, 13 Iun. 2008

Romanian Senate chairman, social democrat Nicolae Vacaroiu, said Friday the head of state, Traian Basescu, "violates the Constitution ever more often and he might face impeachment again if he keeps it up".

Romanian President Reiterates His Impeachment In ’07 Was Coup D’etat

16:26, 13 Iun. 2008

Romanian president Traian Basescu reiterated, in an interview for BBC, the idea that his impeachment in 2007 was a coup d’etat, adding this is a simple statement and not an obsession.

Vuitton Dismantles The Ad Covering Monument In Bucharest

16:18, 13 Iun. 2008

Luxury luggage designer Louis Vuitton decided to dismantle the advertisement construction representing a copy of a Vuitton bag, which covers the Firefighter’s Monument in Bucharest. The company expressed regret that the mentioned coffer "offended certain groups of people."

EU Warns Romania On Growing Budget Def, Recommends Fiscal Consolidation

13:12, 13 Iun. 2008

The European Commission warned Romania that it must accelerate its structural reforms and fiscal consolidation in order to avoid the overheating of the economy, the EC said in a report Friday.

Romania’s Euro Adoption Target More Ambitious As Reforms Stagnate- Moody’s

12:55, 13 Iun. 2008

Romanian government is maintaining its 2012 target for adopting the euro but the target could become more ambitious as time passes without any meaningful progress on economic and institutional reform, according to a Moody's Investors Service report published Friday.