English

Romania’s Chamber of Deputies To Investigate Energy Price Hikes As Of Jun 30

16:36, 27 Iun. 2008
The Committee for Industry in Romania’s Chamber of Deputies will investigate last years’ price rise on household natural gas and electricity, the tariffs, the impact of the setting up of the integrated energy holding, and will verify the requests of the economic operators in the energy sector.

U.S. Ford Pays Back Romania AVAS EUR27.5M State Aid In Craiova Auto Plant Deal

15:52, 27 Iun. 2008
U.S Ford paid Romania’s Privatization Agency AVAS Friday the EUR27.56 million illegal state aid granted with the sale of auto-assembly plant Automobile Craiova, the agency said.

Private Lending In Romania Grows At Risky Pace – Ctrl Bker

15:48, 27 Iun. 2008
Consumer lending in Romania is growing at such a fast pace that it entails high risks for banks and macroeconomic stability, Romanian central bank governor Mugur Isarescu said Friday in a seminar.

Romania Should Hold Parliament Elections In Spring 2009 – Far Right Official

13:08, 27 Iun. 2008
Romania should hold general elections in spring 2009 along with elections for the European Parliament, said Gheorghe Funar, secretary general of Romania’s far-right Greater Romania Party, or PRM.

Eleven Y-O Pregnant Romanian Girl May Terminate Pregnancy – Health Ministry

11:54, 27 Iun. 2008
The Romanian 11 year-old girl who is 29 weeks pregnant may have an abortion under Romanian law, Health Ministry state secretary Vlad Iliescu told a news conference Friday.

The 12.5% Gas Price Hike Covers Only Part Of Distrigaz Sud’s Costs

11:39, 27 Iun. 2008
Gas distributor Distrigaz Sud, majority-owned by French utility Gaz de France, said Friday that the 12.5% natural gas price hike announced by Romania’s energy watchdog ANRE covers only part of the company’s costs, so that the company will have to adopt a more drastic approach towards bills payment.

Ford To Return EUR27M State Aid For Automobile Craiova Privatization

08:40, 27 Iun. 2008
U.S. automaker Ford Co. (F), owner of Romania’s auto assembly plant Automobile Craiova, will return Friday to Romania’s Privatization Authority AVAS an illegal EUR27 million state aid granted for Automobile Craiova privatization.

Fitch Sees Romania Vulnerable To Inflation Shocks

21:33, 26 Iun. 2008
Fitch Ratings on Thursday placed Romania on the 11th spot, together with Egypt, in its classification of the 16 emerging markets most vulnerable to inflationist shocks.

Romania’s Natural Gas Prices May Hike Again As Of Oct 1 – ANRE

19:21, 26 Iun. 2008
Price of household natural gas will not hike in the third quarter of 2008, but it might be up on October 1, if Romania’s Energy Authority ANRE receives justified price rise requests from gas distributors.

TI: Romania Scores Badly On Corruption Progress

19:18, 26 Iun. 2008
Romania scored poorly on corruption fighting last year, and the only sectors that registered some progress were healthcare and police activities, Transparency International Romania said in its National Corruption Report released Thursday.

Romanian Household Indebtedness Requires ‘Close Monitoring’ – Ctrl Bk

18:28, 26 Iun. 2008
Romanian household indebtedness rose to a level that requires “close monitoring”, the central bank said in a statement Thursday, following a 0.25% hike in its policy rate to 10%.

Romanian Producers, Retailers Agree On Good Practices Guide

16:53, 26 Iun. 2008
Romanian producers and retailers on Thursday reached an agreement upon stipulations included in the Guide of Good Practices and said that will sign the document on July 2.

Romanian Transp Min Plans To Resume Works On Bucharest-Danube Canal, Needs At Least EUR450M

15:20, 26 Iun. 2008
The Romanian Transport Ministry plans to resume construction of the Bucharest-Danube canal, and needs at least EUR450 million to finish the project started in 1986, transport minister Ludovic Orban said Thursday.

Romania Food Prices Seen Rising Following Utility Price Hikes

14:26, 26 Iun. 2008
Food prices in Romania will increase following the hike in electricity and natural gas prices come July 1, Sorin Minea, head of the employers’ federation in the food industry Romalimenta, said Thursday.

Romanian President Urges Parliament To Meet In Extraordinary Session

13:56, 26 Iun. 2008
Romanian President Traian Basescu urged the Parliament to meet in extraordinary session in the first ten days of July to reexamine the law on the Court of Accounts and to vote on prosecutors’ request to probe bribery allegations against former Cabinet members.

Romanian Audiovisual Watchdog To Ask President Not To Promulgate Amendment Regulating News Bulletins

13:36, 26 Iun. 2008
The head of Romania’s National Audiovisual Council, or CNA, Rasvan Popescu, said Thursday the council will ask President Traian Basescu not to promulgate the amendment to the audiovisual law adopted by the Senate Wednesday.

Romania’s Natural Gas Prices Up By Avg 12.5% As Of Jul 1 -ANRE

13:13, 26 Iun. 2008
The gas prices delivered to population will be up by an average 12.5% as of July 1, on the costs increase in purchasing natural gas during January to June period, as well as in order to partially recover the price differences reported during that period, Romania’s Energy Authority ANRE said.

Romanian Pwr Prices Up By Avg 5.3% Jul 1 – ANRE

13:00, 26 Iun. 2008
Electric power prices will hike by an average 5.3% as of July 1, while electricity household prices will increase by 4.4% at 0.3125 lei per kWh (EUR1=RON3.6639), Romanian energy watchdog ANRE, said Thursday.

Italy’s Enel To Invest EUR220M In Electrica Muntenia Sud By 2011

11:55, 26 Iun. 2008
Italian utility Enel SpA will invest some EUR220 million between 2009 and 2011, in upgrading the networks of regional power distributor Electrica Muntenia Sud.

Romanian Senate Regulates TV, Radio News In Audiovisual Law Amendment

20:51, 25 Iun. 2008
News bulletins on Romanian television and radio stations will have to ensure a balance of positive and negative stories, according to a proposal adopted by the Senate Wednesday.

Romania Reduces Troops For ‘09 Intl Missions By 541

19:40, 25 Iun. 2008
Romania’s Supreme Defense Council on Wednesday decided to reduce the number of troops that can participate in international missions in 2009 by 541 soldiers, the presidency said in a statement.

Pwr Prices Up By Max 9% Jul 1 – Sources

18:45, 25 Iun. 2008
Electricity household prices will rise by maximum 9% as of July 1, sources close to Romanian energy watchdog ANRE, said Wednesday.

Romanians’ Confidence In Legal Sys Below EU Avg – Magistrates

15:25, 25 Iun. 2008
Romania’s High Council of Magistrates, or CSM, admitted in the 2007 status report, published Tuesday night, that people’s level of confidence in the judiciary was among the lowest among European Union states and justice reforms have failed to produce conclusive results.

Health Min Says Abortion Laws Could Change If Commission Decides 11 Y-O Is To Terminate Pregnancy

14:31, 25 Iun. 2008
Romania could amend its laws depending on the decision of an inter-ministry commission on whether the 11 year-old pregnant Romanian girl should terminate the pregnancy or not, health minister Eugen Nicolaescu said Wednesday.

Germany’s Commerzbank Mulls Taking Over Romania Carpatica Bk – Sources

14:08, 25 Iun. 2008
Germany’s Commerzbank, the second largest by assets, mulls taking over Romania’s Carpatica Bank (BCC.RO), sources on the banking market said Wednesday.

Romanian Govt To Refund Full Car Tax Difference Unless Applicant Has Unpaid Fiscal Dues

13:57, 25 Iun. 2008
Owners of vehicles who ask to be refunded the tax difference between the car tax paid by Jul 1, 2008 and the new pollution tax on cars will get full refunds unless they have fiscal debts, otherwise the sums they owe will be retained.

Romanian Casa Auto Invests EUR16.5M In Mercedes Showroom, Service In Bucharest

12:44, 25 Iun. 2008
Casa Auto Bucuresti, Mercedes-Benz dealer, will build a EUR6.5 million show-room and a EUR10 million service on Bucharest ring road in the second half of the year, the company said Wednesday.

Romanian Parliament Plenary Session Suspended On Lack Of Quorum

12:42, 25 Iun. 2008
The plenary session of the Romanian parliament was suspended Wednesday on lack of quorum, after lawmakers had cast votes on the extension of mandates for members of the Court of Accounts.

Romania Adjusts Taxation Of Dividends At 10% For Residents, Non-Residents As Of Jan 1, 2009

11:59, 25 Iun. 2008
Romania’s tax per dividends will be adjusted, starting Jan 1, 2009, at 10% for both residents and non-residents, the government decided Tuesday in an emergency ordinance amending the Fiscal Code, following a letter of formal notice from the European Commission.

Romania Grants EUR100,000 To Palestine, Mulls Participation In EUPOL COPPS

21:04, 24 Iun. 2008
Romania will grant financial aid worth EUR100,000 to the Palestinian Territories, Foreign Minister Lazar Comanescu said Tuesday, mentioning the country is also considering a contribution to the EU Police Mission in the area – EUPOL COPPS.

Romanian Senate Standing Office Cancels Commissions’ Vote Eliminating Car Tax

16:00, 24 Iun. 2008
The Romanian Senate’s standing office decided Tuesday to annul the vote of the Senate’s budget-finance and public administration commissions on the government emergency ordinance introducing the pollution tax for cars, and only the budget-finance commission is to draw up a report on the draft law.

Romania May Pvt Lending +48.8YY At RON171.8B

15:35, 24 Iun. 2008
Romanian private lending rose 48.8% on the year in May in real terms to 171.8 billion lei ($72.71 billion), due to higher loans in both local and foreign currencies, the central bank said Tuesday in a statement.

Romanian Senate Commissions Eliminate Car Tax, Stipulate Full Refunds

14:24, 24 Iun. 2008
The Romanian Senate’s budget and administration commissions amended Tuesday Government Emergency Ordinance 50/2008 retaining the elimination of the car tax from the Fiscal Code, eliminating the new car pollution tax and stipulated tax money are to be paid back in full.

Romania To Focus On European Funds Absorption- Ctrl Bk

13:05, 24 Iun. 2008
Romania should focus on the absorption of European funds in the upcoming period, which would ensure the balanced convergence with the western economies and bring benefits to the other sectors, the central bank governor Mugur Isarescu said Tuesday.

Romania Needs To Strengthen Efforts To Reduce Inflation – Isarescu

13:00, 24 Iun. 2008
Romania needs to strengthen its efforts to bring down inflation as this is already at a high level and there is little time left until the accession to the eurozone, central bank governor Mugur Isaresc said Tuesday.

Romanian Prv Auth To Takeover Protfolio Cos Debts

21:46, 23 Iun. 2008
The Romanian privatization authority (AVAS) will take over total debts of RON36.6 million accumulated by 13 companies in the institution's portfolio to the State Reserve Administration, resulting from failures or delays in the payment of products.

Romanians To Receive Car Tax Rebates 45 Days From Application – Sources

18:27, 23 Iun. 2008
The Romanian authorities will grant rebates for the former tax on car registration within 45 days from the payer’s request, government sources said Monday.

Romanian Ed Min Denounces Possible Data Leakage During Baccalaureate Exam

15:49, 23 Iun. 2008
Romanian Education Minister Cristian Adomnitei on Monday said he notified the Ministry of Interior and the prosecutors on potential information leakage during the baccalaureate exams today.

E.ON Gaz Romania Sees Imported Gas Prices Up To $600 Per 1,000CBM By Yearend

15:10, 23 Iun. 2008
E.ON Gaz Romania, the local unit of Germany’s E.ON Gaz, sees the price of imported natural gas up to $600 per 1,000 cubic meters by yearend, compared with the current $420 per 1,000 cubic meters, the company said in a statement Monday.

Romanian Car Mkr Dacia To Give The Logan Model A Facelift

12:41, 23 Iun. 2008
Romanian car maker Dacia will launch, on July 1, the revamped variant of the Logan model, to boost sales and to bring it to the producer’s new design line, present in the Sandero model.