English

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.

Romanian President’s Youngest Daughter Not Interested In MEP Seat

17:16, 10 Iul. 2008
Romania’s President youngest daughter Elena Basescu said Thursday she has no intention whatsoever to announce her candidacy next week in Brussels for a seat in the Youth wing of European People’s Party, or YEPP, stressing this is not a target for her.

Drought Not To Affect Water Resources This Year – Romanian Official

16:29, 10 Iul. 2008
Drought will not affect Romania in July and August as severely as last year and the country has sufficient water resources, Marius Postelnicescu, head of Romania’s National Water Administration, said Thursday.

Romania, Among States Least Dependent On Energy Imports – Eurostat

13:31, 10 Iul. 2008
Romania is among the European Union states the least dependent on energy imports, with a 29% energy dependence rate in 2006, according to the Statistical Office of the European Communities, Eurostat.

Romania Registered Over 2,000 Babies With Mothers Aged 11-15 In 2007

13:08, 10 Iul. 2008
Girls aged 11 to 15 had over 2,000 babies in Romania last year, according to statistics of the Health Ministry.

Romanian Prosecutor Nastasiu Asks Court To Repeal His Dismissal

12:51, 10 Iul. 2008
Romanian prosecutor Ciprian Nastasiu asked the Bucharest Court of Appeals Thursday to suspend the order of the prosecutor general, which dismissed him last week from his position with the general department for organized crime and terrorism (DIICOT).

Romania’s 5-Mo Trade Deficit Up 10.7% On Yr To EUR8.76B

10:24, 10 Iul. 2008
Romania’s January-May trade deficit rose 10.7% on the year to EUR8.758.9 billion, compared with EUR7.909 billion in the same period the year before, the National Statistics Institute said Thursday.

Romanian Annual Inflation Nears Two-Year High On 0.28% Monthly Rise

10:03, 10 Iul. 2008
Romania’s inflation slowed down to 0.28% on the month in June, due to a moderate increase in food and non-food prices, but annual inflation was just below a two-year high, the National Statistics Institute said Thursday.

If Debt-Free, Romania’s Coal Mining Co CNH Could Be Profitable – Fin Min

21:08, 09 Iul. 2008
Romania’s coal mining company Compania Nationala a Huilei, or CNH, could switch to profit if it were debt-free, the minister of Economy and Finance Varujan Vosganian said Wednesday.

Romania’s Energy Watchdog To Grant Bonuses To Cogeneration Pwr Prod – PM

20:03, 09 Iul. 2008
Romania’s Energy Authority ANRE will establish each year the names of the cogeneration power producers that will benefit from some bonuses granted by the state, Romania’s Prime Minister Calin Popescu Tariceanu said Wednesday.

Romanian PM Says Lower VAT On Food Is Populist, Irresponsible

18:32, 09 Iul. 2008
Lowering the value added tax on food products would be a populist and irresponsible measure, which would only lower state budget revenue and would have no effect on prices paid by consumers, Romanian Prime Minister Calin Tariceanu said Wednesday.

New Pricing Of Natural Gas Obscure To Most Romanians – PM

18:30, 09 Iul. 2008
Romania’s new natural gas pricing system, enforced on July 1, is not as easy to understand as the old system, and market operators need to be well prepared to implement it, Premier Calin Popescu Tariceanu said Wednesday.

Romanian Transport Min To Allot RON3.57M For DN1 Expropriations

18:26, 09 Iul. 2008
The Romanian Ministry of Transport will grant additional compensations worth RON3.57 (EUR1 = RON3.5434) million for the expropriation of 37 pieces of property with a total surface of 8,354 square meters, for works on national road DN1 and the north side of the ring road around Bucharest.

Romania Registers Fewest Infringement Cases In The EU-27 Bloc

17:05, 09 Iul. 2008
Romania scored best in an EU ranking according to the number of infringement cases, with only 9 open infringement procedures, the European Commission said in a statement Wednesday.

Romania Most Able To Adjust To Economic Shocks, But Based On Poor Tax Administration – S&P

14:34, 09 Iul. 2008
Romania is third in a ranking of governments most able to adjust to adverse economic trends and react swiftly and effectively in the wake of economic shocks in the EU-27 and Norway, Iceland, and Switzerland, but that reflects poor tax administration, ratings agency Standard&Poor's said Wednesday.

Romanian AVAS To Announce Avioane Craiova Buyer Next Wk

13:21, 09 Iul. 2008
Romanian privatization authority AVAS will announce next week the buyer of a 80.9% stake in Romania’s airplane maker Avioane Craiova, after analyzing the improved bids of the three investors qualified in the privatization process.

Romanian Anticorruption Prosecutors Hear Official In Privatizations File

12:51, 09 Iul. 2008
Romanian anticorruption prosecutors heard Wednesday state adviser Dorinel Mucea with the country’s former Ministry of Economy and Commerce in a file concerning shady privatizations in the Romanian energy sector.