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Romania’s BCR Launches Products, Services To Help Implement EU-Funded Projs

11:26, 14 Aug. 2008
Romania’s largest lender by assets Banca Comerciala Romana, or BCR, launched several products and services to implement projects using non-reimbursable European funds, the bank said Thursday.

Romania’s 1H Curr Acct Def Up 8.5% On Yr To EUR7.98B

11:14, 14 Aug. 2008
Romania's first half current account deficit rose by 8.5% on the year inthe first half to EUR7.981 billion, primarily as a result of a higher trade deficit, the central bank said in a statement Thursday.

Romania’s First 7-Mos Used Car Registrations Double On Yr, To 112,054 Units

22:39, 13 Aug. 2008
Romania’s used car registrations reached 112,054 units in the first seven months of 2008, double compared to the same period a year ago, while new car registrations lowered 2.3%, to 171,385 units, according to data offered by the Romanian Driving License and Car Registration Department (DRPCIV).

Romanian Govt Oks Construction Of 861 Housing Units For Young People

20:01, 13 Aug. 2008
Romania’s National Housing Agency (ANL) will start building a total 861 housing units, which will be rented out to young people aged up to 35 who cannot afford to buy an apartment or rent a privately-owned housing unit at current market prices.

Romanian Ana Maria Branza Wins Olympic Epee Fencing Silver

19:08, 13 Aug. 2008
Romanian Ana Maria Branza won Olympic silver in the epee fencing final after being defeated by German Britta Heidemann, 11-15.

Romanian Artists Protested In Front Of Culture Ministry

17:15, 13 Aug. 2008
Nearly 50 Romanian artists and performers picketed the Ministry of Culture Wednesday, displeased with the draft law stipulating a new evaluation grid for their activity and payment.

EIU: Romania’s High Foreign Debt Ups Vulnerability To Changes In Investor Sentiment

14:14, 13 Aug. 2008
Romania’s economy is vulnerable to changes in investor sentiment, due to its large external financing requirements, the Economist Intelligence Unit, or EIU, said in a report.

Romania’s Henri Coanda Intl Airport To Pay EUR5.95M For IT Services

13:40, 13 Aug. 2008
Romania’s Henri Coanda/Otopeni International Airport on Wednesday said will pay EUR5.95 million for IT services at check-in counters, baggage reconciliation and automatic people movers.

Heatwave To Affect 15 Romanian Counties, Bucharest

13:21, 13 Aug. 2008
Romanian authorities issued yellow code warning for heat for 15 counties in the eastern, western and northern part of the country, as well as for the capital city Bucharest, expecting temperatures up to 37-38 degrees Celsius.

Romanian Privatization Agency Cancels Sale Of Equip Mkr Fortus Iasi

11:36, 13 Aug. 2008
Romania’s privatization agency AVAS decided to annul the sale contract of industrial equipment maker Fortus Iasi to metal distributor Metalexportimport Bucharest over unobserved contractual obligations, and requires penalties of EUR713,000.

Bucharest’s Intl Airport Baneasa To Be Closed For Runway Repair Works

20:12, 12 Aug. 2008
Bucharest’s international airport “Aurel Vlaicu” Baneasa will be closed between September 29 and October 12 for runway repair works, the airport’s general manager Stefan Mladin told MEDIAFAX Tuesday.

Romania To Send Aid To Georgia

19:49, 12 Aug. 2008
Romania will send humanitarian aid to Georgia, consisting mainly of medicine and sanitary equipment, in response to a request of the authorities in Tbilisi, the presidency said in a statement Tuesday.

Romania’s Rompetrol Mulls Gas Distr Network Expansion By 2012

17:19, 12 Aug. 2008
Rompetrol Downstream, the retail division of Romania’s second-largest oil company, Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, plans to extend by 2012 its franchised gas station network with another 250-300 units from independent companies.

Romanian Mihai Covaliu Wins Olympic Sabre Fencing Bronze

16:45, 12 Aug. 2008
Romanian Mihai Covaliu Tuesday won bronze at the sabre fencing competition within the Beijing Olympics.

Romtelecom Listing Postponed For ‘09 On Financial Mkts Crisis

13:56, 12 Aug. 2008
The stock market listing of Romanian fixed-line telephony operator Romtelecom was postponed for 2009, due to problems on international financial markets, Romania's communication and IT minister Karoly Borbely said Tuesday.

Romanians Confidence In Major Cos Managers Above W Europe Avg – GfK

13:09, 12 Aug. 2008
Managers of major companies in Romania are considered trustworthy by 46% of the Romanian respondents, exceeding the Western European average, but below the Central end Eastern European countries, according to a survey conducted by market research company GfK.

Romania Defense Council Meeting Set For Tues – Sources

20:48, 11 Aug. 2008
Romanian President Traian Basescu summoned a meeting of the Supreme Defense Council, or CSAT, for Tuesday (August 12 – e.n.) on a subject yet to be announced, presidency sources said Monday.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.04, RON0.08 Per Liter

19:12, 11 Aug. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1=RON3.5644) per liter, and RON0.08 per liter, respectively, the company said in a statement.

Monica Serbanescu Nominated For Head Of Romania’s Anticorruption Dept

17:44, 11 Aug. 2008
The Romanian Justice Minister Catalin Predoiu on Monday said he will nominate prosecutor Monica Serbanescu as president of the country’s anticorruption department DNA, replacing Daniel Morar whose 3-year mandate expired today.

Romanian Foreign Affairs Ministry Recommends Romanian Citizens To Avoid Georgia

16:02, 11 Aug. 2008
The Romanian Foreign Affairs Ministry recommended Romanian citizens to avoid traveling to Georgia, especially to the Southern Ossetia and Abkhaz regions, and the border regions of Chechnya.

Fitch: Romania’s Economy Looks More Like Overheating Than Expected In January

14:27, 11 Aug. 2008
Romania's economy shows little sign of adjusting to a more sustainable growth path and the economy looks more like it’s overheating than expected in January, Andrew Colquhoun, director with Fitch Ratings, told MEDIAFAX Monday.

Romania’s Romtelecom Lowered Fees By 40% For Long Distance Calls During Busy Hours

13:43, 11 Aug. 2008
Romania’s telecom operator Romtelecom reduced on Monday by 40% the fees for long distance calls during busy hours, and by 17% the fees for calls to networks of other hard-line operators, the operator said Monday.

Romania, Second In CEE By Real Estate Deals In 1H ’08

12:29, 11 Aug. 2008
Romania ranks second in Central and Eastern Europe in terms of large real estate deals closed in the first half of the year, which totaled EUR815 million, up 18.6% from the same period a year ago, realtor Cushman & Wakefield said in a report Monday.

Romania’s 1H Trade Def Up 11.25% On Yr To EUR10.79B

10:30, 11 Aug. 2008
Romania’s first-half trade deficit rose 11.25% on the year to EUR10.793 billion, from EUR9.701 billion in the same period a year earlier, the National Statistics Institute said Monday.

Romanian July Inflation 9.04% On Yr, Hits 3-Yr High

10:17, 11 Aug. 2008
Romania’s inflation accelerated by 0.69% on the month in July, and the higher prices for electric power and gas have brought the annual index to 9.04%, the highest level in three years, the National Statistic Institute said Monday.

Romanian Judoka Alina Dumitru Gets Olympic Gold

14:30, 09 Aug. 2008
Romanian judoka Alina Dumitru won the Olympic title at the 48 kilogram category within the Beijing Olympics, bringing the first gold medal for the Romanian delegation in China.

Romania’s Rompetrol To Cut Pump Prices By RON0.06 Per Liter

17:49, 07 Aug. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its pump prices by 0.06 lei (EUR1= RON3.4763) per liter, the company said in a statement.

Romania Rejects All Bids For RON 400M 5Yr Bonds

17:48, 07 Aug. 2008
Romania’s Economy and Finance Ministry has rejected on Thursday auction all bids for 400 million lei ($178.2 million) worth of five-year treasury bonds.

Romanian President Calls For Consultations On EC Report In Justice Field

17:46, 07 Aug. 2008
Romanian President Traian Basescu on Thursday invited the MPs to consultations on the European Commission’s report in the justice field, scheduling the meeting on August 12.

Romanian Lifeguards In Eforie Threaten To Go On Strike

13:59, 07 Aug. 2008
Romanian lifeguards in the Black Sea resorts Eforie Nord and Eforie Sud are threatening to go on strike unless they receive their salaries for the past two months.

Romanian 1H Industrial Output +5.9% On Yr

10:01, 07 Aug. 2008
Romanian industrial output grew 5.9% on the year in the first six months of the year, while in June alone, it was 4% higher compared with the corresponding month a year earlier, the National Statistics Institute said Thursday.

Import Gas Price To Hike In Romania In 4Q ’08 – E.ON Gaz

19:19, 06 Aug. 2008
The import gas prices will hike in the last quarter of 2008, Frank Hajdinjak, president of the managing board of gas distributor E.ON Gaz Romania, the local unit of Germany's giant E.ON, said Wednesday in the central Romanian city of Targu Mures.

Orange Romania To Launch iPhone 3G Aug 22

17:13, 06 Aug. 2008
France’s mobile telephony operator Orange on Wednesday said the new iPhone 3G handset will be available in Romania starting with August 22.

E.ON Donates EUR500,000 To Flood-Affected People

14:34, 06 Aug. 2008
Gas distributor E.ON Gaz Romania assigned EUR500,000 to the people affected by the floods in the counties of Suceava and Botosani, northeastern Romania, the head of the company’s board of directors, Frank Hajdinjak, told a news conference Wednesday.

Old Apartment Prices In Bucharest Dn Avg 13% In July Since January

14:33, 06 Aug. 2008
Prices for old apartments in Romania’s capital city Bucharest decreased an average 13% since January, and the average price of an apartment reached some EUR117,000, according to real estate ad website MagazinulDeCase.ro.

Labor Min OKs First Emergency Aids For Flood Victims In N. Romania

14:00, 06 Aug. 2008
Romania’s Labor Ministry on Wednesday approved emergency aid for northern counties Maramures and Botosani, with the remaining counties affected by the recent flooding to receive the first payments as of Friday, Minister Paul Pacuraru said.

Romania’s Jun Construction Works Up 19% M-M

10:01, 06 Aug. 2008
Romania's constructions works were up 19% in real terms in June compared with May 2008 and were also up 33.9% on the year, the National Institute for Statistics said Wednesday.

Greek Realtor Invests Some EUR80M In Real Estate Proj In Romania

17:32, 05 Aug. 2008
A Greek realtor will invest some EUR80 million in the construction of a real estet project north of Romania’s capital city Bucharest, the project’s promoter Eurometropola said Tuesday.

Romania’s Petrom To Cut Pump Prices By RON0.04/Liter

16:23, 05 Aug. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO) will cut Wednesday its pump prices by 0.04 lei (EUR1=RON3.5023) per liter, the company said in a statement.

Romanian Integrity Agency Resorts To Fines For Failure To Declare Wealth

14:45, 05 Aug. 2008
Romania’s National Integrity Agency (ANI), an institution in charge with checking the correctness of wealth statements submitted by dignitaries, fined public servants and police officers who failed to submit their statements of interest and wealth within the deadline, a press release of the agency read.