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Romania’s Proprietatea Fund To Select Manager By Dec

13:30, 05 Aug. 2008
The manager of Romania's investment fund Fondul Proprietatea will be selected in November or December, by a method to be established through the task book in August, and subsequently approved by government, the fund's representatives said Tuesday.

U.S. Grants Romania $50,000 Flood Relief Aid

13:05, 05 Aug. 2008
The Government of the United States granted Romania $50,000 for immediate flood relief assistance to help Romanians recover from the recent devastating floods in the northern part of the country, the U.S. Embassy said Tuesday.

Romania 1H Private Debt Up 134% On Yr, To RON1.69B

12:58, 05 Aug. 2008
Romania’s total private debt more than doubled in the first six months of the year, reaching 1.69 billion lei (EUR1=RON3.5010), the central bank said Tuesday.

Romanian Salsa Festival In Mamaia And Vama Veche On Black Sea Coast

12:25, 05 Aug. 2008
The third edition of the Romanian Salsa Festival will take place this year between August 4 and August 10, in the Mamaia and Vama Veche resorts on the Black Sea coast.

Romania’s Jun Net Salary Up 2% M-M To RON1.273

11:06, 05 Aug. 2008
Romania's net average salary was up 2% to 1.273 lei (EUR1-RON 3.5010) in real terms in June 2008, compared with May 2008, the National Institute for Statistics said Tuesday.

Smuggled Cigarettes Found In Nadlac Customs-W Romania

10:15, 05 Aug. 2008
Romanian border police discovered Monday evening 450,000 cigarette packs worth EUR630,000 hidden in a truck transporting eggplants and cucumbers, heading outside the borders through Nadlac customs, western Romania.

Romanian President Donates Money To Rebuild Flood-Damaged Home

09:49, 05 Aug. 2008
Romanian president Traian Basescu said Monday evening he would buy the materials necessary to rebuild an elderly lady’s home in Bacau county, southeastern Romania, with the money left in the bank account of last year’s referendum.

Romanian Culture Min Shrugs At Plastic Artists’ HQ Issue

20:29, 04 Aug. 2008
Romanian culture minister Adrian Iorgulescu said his ministry will not buy the former residence of the Romanian Union of Plastic artists, following discussions with the mayor to find ways to buy the building from its previous owner.

Bucharest Mayoralty To Ban Motorcycles On Main Boulevards At Night

18:01, 04 Aug. 2008
Bucharest’s mayoralty plans to ban the access of the motorcyclists at night on the large boulevards of the capital city, according to a draft document the mayoralty intends to develop, stirring biker protests.

S&P Lowered Estimates On Incidence Of Recession In Romania

17:04, 04 Aug. 2008
Standard&Poor's Ratings Services changed Monday its estimate of the incidence of gross problematic assets in the Romanian financial system under a reasonable (but not catastrophic) scenario of economic recession to 25%-40% from 35%-50%, the ratings agency said.

Romanian Govt Needs To Manage Reconstruction After Flooding – President

15:55, 04 Aug. 2008
The Romanian Government must manage the efforts aimed at reconstructing the areas affected by the recent floods, president Traian Basescu said Monday during his visit in the county of Neamt, northeastern Romania.

Romanian ’08 Econ Growth Seen At 8%, 9% -Ctrl Bker

13:02, 04 Aug. 2008
Romania’s economic growth is seen at 8% or 9% in 2008, and the inflation rate at 6% or 7% at yearend, central bank governor Mugur Isarescu said Monday.

Romanian Ctrl Bk Revises ’08, ‘09 Inflation Forecasts

12:48, 04 Aug. 2008
Romanian central bank revised its inflation forecast from 6% to 6.6% in 2008, and from 3.5% to 4.2% in 2009.

Romanian Jul CPI Seen At Over 9%, 9.1%-Ctrl Bker

11:32, 04 Aug. 2008
Romania’s consumer price index will most likely be over 9% or 9.1% on the month in July, to subsequently recover, central bank governor Mugur Isarescu said Monday.

Romanian AVAS Recovers RON72.58M Debts In 1H

10:30, 04 Aug. 2008
Romanian Privatization Authority, or AVAS, recovered a total of 72.58 million lei (EUR1=RON3.5171) debts from banks, National Insurance Department or Ministry of Finance, the authority said Monday.

Romanian Fiscal Agency Seeks To Introduce Online Tax Payment, Expects Bids By Aug 13

15:01, 03 Aug. 2008
Romania’s national fiscal agency ANAF will organize an auction to sign a frame agreement for the online payment of taxes, using banking cards, for a total contract value of 6.75 million lei (EUR1=RON3.5171) and RON13.5 million, VAT not included.

Romania’s Competition Regulator Looks Into Romgaz’ Alleged Antitrust Practices

14:11, 03 Aug. 2008
Romania’s Competition Council is looking into a potential breach of competition rules by Romania’s largest natural gas producer Romgaz Medias in its relation with Targu Mures-based chemical fertilizer maker Azomures.

Romanian President Urges Local Communities To Strive For Financing

13:51, 02 Aug. 2008
The representatives of the local communities must strive to obtain funds and ensure incomes for both the local budget and the quality of education, Romanian president Traian Basescu said Saturday, in a meeting of the communal associations in Neptun, southeastern Romania.

Over 10,000 Romanian Flood Victims Received Vaccination

13:33, 02 Aug. 2008
Over 10,000 people in areas hit by floods in northern and eastern Romania have been vaccinated and preventive medical care will continue next week, Raed Arafat, sub-secretary of state in the Health Ministry, said Saturday.

Romanian Magyar Minority Party To Run Solo For Parliament

20:02, 01 Aug. 2008
The Democratic Magyar Union will not form any alliance with the Magyar Civic Party for the upcoming Romanian parliament elections, as the radicals refused the candidacy division offer made by the democrats, said Marko Bela, the leader of the Magyar democrats Friday in a press conference.

Romania’s 1H Budget Def Rises To 1.18% Of GDP

15:40, 01 Aug. 2008
Romania’s general consolidated budget saw its deficit expanding to 1.18% of gross domestic product after the first half the year, compared with a deficit of 0.4% in January-May period, preliminary data from the Ministry of Economy and Finance showed.

Snoop Dogg To Perform In Bucharest Sept 19

13:59, 01 Aug. 2008
American rapper Snoop Dogg will perform a concert in the Roman Arenas in Romania’s city capital Bucharest on Sept 19, according to his official website.

Citibank: Romania’s Yr-End Inflation At 6.8%, Above Ctrl Bk Target

13:35, 01 Aug. 2008
Citibank sees Romania’s inflation at 6.8% at the end of December, two percentage points higher compared with the central bank’s target of 2.8%-4.8%, on continued pressures from local demand.

Man Ripped To Pieces By Bear In Central Romania

11:02, 01 Aug. 2008
The dead body of a man, supposedly ripped to pieces by a bear, was found Friday morning, around 9:00 local time, on an alley in the central Romanian city of Brasov.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.08, RON0.05 Per Liter

19:13, 31 Iul. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its gasoline and diesel oil pump prices by 0.08 lei (EUR1=RON3.5366) per liter, and RON0.05 per liter, respectively, the company said in a statement.

Romania Admits ‘Partial Failure’ For Roma Situation In Italy

18:56, 31 Iul. 2008
Romania admits “partial failure” regarding the situation of Roma minority in Italy, but it does not approve of all measures taken by the Italian authorities in their pursuit to tackle crime, Romanian President Traian Basescu said Thursday.

Drivers In Romania Lacking Road Toll Stickers To Be Fined As Of Aug 1

16:31, 31 Iul. 2008
Romanian drivers will be fined as of August 1, if they are found not to have road toll stickers, which are now available on the market.

Romanian Leu Moves Higher Vs Euro After Ctrl Bk’s Rate Hike

13:53, 31 Iul. 2008
The Romanian leu strengthened against the euro in mid-trade Thursday, shortly after the central bank announced it has decided to increase the key monetary policy rate, dealers said.

Romania’s Ctrl Bk Ups Rates By 25 Bps To 10.25%

13:35, 31 Iul. 2008
Romania’s central bank decided in Thursady board session to raise the key monetary policy rate by 25 basis points to 10.25%, in its seventh consecutive hike since October last year.

Romanian Fixed Telephony Numbers To Reach 10 Digits As Of Aug 1

13:32, 31 Iul. 2008
Fixed telephony numbers in Romania will function, starting with August 1, only if the prefix is used, and starting with this date calls without prefixes will no longer be redirected to the destination.

Romanian President On Visit To Italy

11:08, 31 Iul. 2008
Romanian President Traian Basescu left for Italy’s capital city of Rome Thursday on a one-day working visit at the invitation of Italian Prime Minister Silvio Berlusconi.

One Dead, Three Badly Injured In Car Crash, E Romania

11:04, 31 Iul. 2008
One person died and three were injured Wednesday night in a car accident in Buzau county, eastern Romania.

Romanian Chamber Of Deputies To Meet In Extraordinary Session On Aug 13

15:58, 30 Iul. 2008
The Romanian Chamber of Deputies will meet in an extraordinary session on August 13, regarding the approval of criminal investigations against former ministers Miron Mitrea and Adrian Nastase, a session requested by president Traian Basescu.

Romanian Automotive Registry To Check Car Parts For Road Safety

15:39, 30 Iul. 2008
The Romanian Automotive Registry will be able to refuse acknowledging or certifying equipment, spare parts and exploitation material for vehicles if these items, even if they comply with European regulations, present road hazards or can be damaging for public health.

Romanian Social Democrats Threaten No-Confidence Motion Over Pwr Holding Proj

15:33, 30 Iul. 2008
Romania‘s leftist opposition Social-Democratic Party (PSD) will start procedures to draft a no-confidence motion if the government approves the setting up of the new vertically-integrated power holding, social democrat lawmaker Iulian Iancu told a press conference Wednesday.

Erste CEO Welcomes Romanian Ctrl Bk New Household Lending Rules

15:10, 30 Iul. 2008
The new regulations on household lending proposed by the Romanian central bank are welcome, since there are banks in Romania that act in “an almost reckless” fashion chasing bigger market shares, Erste Bank CEO Andreas Treichl said Wednesday.

Romania’s Romtelecom To Operate Social Services Numbers 116000 And 116111

15:09, 30 Iul. 2008
Romania’s telecom operator Romtelecom was granted licenses to use national six-digit numbers for social services 116000 and 116111, the country’s IT&C regulator ANRCTI said in a statement Wednesday.

Romania Puts Off DraCOOLa International Film Festival For 2009

14:45, 30 Iul. 2008
The Association Promoting the Romanian Film (APFR) rescheduled the DraCOOLa International Horror and Fantasy Film festival for next year, citing management problems, the head of the association, film director Tudor Giurgiu, said Wednesday.

CME Romania 1H Rev $137.83M Vs $91.56M YY

14:08, 30 Iul. 2008
Central European Media Enterprises Ltd., a European broadcaster founded by Ronald Lauder, son of the founders of Estee Lauder Inc., on Wednesday said its net revenues in Romania stood at $137.83 million in the first semester, up 50.5% from $91.56 million in the corresponding period a year ago.

UK’s Westhill To Invest Over EUR500M In Real Estate Proj In Romania

13:49, 30 Iul. 2008
United Kingdom’s Westhill Development will invest over EUR500 million over the next five years, in real estate projects in Romania, Westhill Romania’s director Andrei Panculescu said Wednesday.