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Work Resumed At Romanian Steel Pipe Mkr ArcelorMittal

10:58, 16 Apr. 2008
Employees of steel pipe maker ArcelorMittal Galati, eastern Romania, who were on strike for two days, resumed work after a court decided to suspend their protest action for 30 days, and workers will rally in front of the factory on Wednesday.

Fashion Retailer TinaR To Float Shrs On Bucharest Bourse By ‘09

19:35, 15 Apr. 2008
Romanian fashion designer and retailer TinaR plans to float a 25% stake on the Bucharest bourse by next year, in a move to obtain financing for network expansion, the company said in a statement Tuesday.

Romania To Pay EUR70M Damages To Buyers Of Bucharest Hotel Complex

18:25, 15 Apr. 2008
The Romanian authorities have to pay damages of over EUR70 million to the buyers of Bucharest-based hotel complex Lido, following a court order on retrocession of the buildings, Lido officials said Tuesday.

EIU Keeps Warnings On Romania’s Vulnerability To Intl Financial Mkt Turmoil

16:48, 15 Apr. 2008
The Economist Intelligence Unit (EIU) in its latest global forecast report maintained warnings on Romania’s vulnerability to international financial market turmoil, mainly due to its high external financing needs.

Romania’s New Foreign Min Takes Oath

15:52, 15 Apr. 2008
Romanian diplomat Lazar Comanescu, the country’s new foreign affairs minister, took the oath Tuesday at the investiture ceremony at the presidential palace.

US Emerson Opens EUR120M Factory In Romania

15:14, 15 Apr. 2008
US company Emerson opened Tuesday a factory producing electric power generators and gas regulator devices in Industrial Park Tetarom II in Cluj-Napoca city.

Romanian Conservatives, Social Democrats Continue Parliament Elections Alliance Talks

14:18, 15 Apr. 2008
The national council of Romania’s Conservative Party, or PC, decided Tuesday to continue talks with leftist opposition social democrats (PSD) to form an alliance for parliament elections in the fall, party leader Daniela Popa said.

Romanian Senate Allows State-Owned News Agency Rompres To Go Back To Communist-Era Name

14:05, 15 Apr. 2008
The Romanian Senate in plenary session Tuesday adopted 41 to five votes and ten abstentions an amendment to the law regulating the state-owned news agency Rompres, allowing it to go back to its old name, Agerpres.

Romanian Senate Bans Advertising For Tobacco Products

13:12, 15 Apr. 2008
Romanian senators enacted Tuesday 45 to two votes and six abstentions the government ordinance banning advertising for tobacco products in written media, event halls and cinemas.

Including Road Tolls In Fuel Prices Charges Drivers Not Using National Roads – Fin Min

12:53, 15 Apr. 2008
The inclusion of tolls for the use of national roads in fuel pump prices would implicitly up these prices, would unjustifiably tax car owners who don’t use national roads frequently and would up public transportation prices, Romanian finance minister Varujan Vosganian said Tuesday.

Romanian 1Q Budget Surplus At 0.1% Of GDP –Fin Min

12:12, 15 Apr. 2008
Romania’s consolidated state budget ran a small surplus of 0.1% of gross domestic product in the first quarter of this year, Romanian Finance Minister Varujan Vosganian said Tuesday.

Dutch Vimetco, Romanian InterAgro Set JV To Build Pwr Plant In Romania

11:59, 15 Apr. 2008
Dutch Vimetco, owner of Romanian Alro Slatina, the biggest aluminum producer in Eastern Europe, and local InterAgro, specialized in the export of agricultural chemical fertilizers, set up a joint venture to build a high-capability power plant near the city of Turnu Magurele, southern Romania.

Romanian Jan-Feb Curr Acct Gap 5.6% Wider On Yr

11:09, 15 Apr. 2008
Romania’s current account deficit widened a slight 5.6% on the year in January-February to EUR2.193 billion from a EUR2.076 billion deficit in the same period last year, preliminary data from the central bank showed Tuesday.

Romanian Prosecutors Probe Privatization Auth Head Over Alleged Exaggerate Expenses

20:54, 14 Apr. 2008
Romanian anticorruption prosecutors subpoenaed the head of the privatization authority AVAS, Teodor Atanasiu for a hearing on Tuesday in connection to his activity as president of the County Council in Alba, central country.

Romania Public TV Network Reports EUR8.4M Losses In 2007

20:10, 14 Apr. 2008
Romania’s public television network SRTv reported losses of approximately EUR8.4 million in 2007, according to SRTv’s yearly financial report.

Petrom Ups Diesel Oil Price By RON0.09 Per Liter

19:25, 14 Apr. 2008
Petrom will hike Tuesday prices for diesel oil by RON0.09 per liter, due to higher international oil prices, the company said Monday.

Romanian Pres OKs New Foreign Affairs Min

19:16, 14 Apr. 2008
Romanian president Traian Basescu signed the decree appointing Lazar Comanescu as foreign affairs minister, according to the Presidential Administration.

S&P Keeps Romania Outlook To Negative

19:03, 14 Apr. 2008
Standard&Poor’s on Monday affirmed its “BBB-/A-3” foreign currency and “BBB/A-3” local currency sovereign credit ratings on Romania, with negative outlook, reflecting the country’s inappropriate policy response to the growing macroeconomic imbalances.

EC Wants New Danube Bridge Btw Romania, Bulgaria Operational By End 2010

17:14, 14 Apr. 2008
The cross-border bridge over Danube River between Romanian city of Calafat and Bulgaria’s Vidin should be operational by the end of 2010, European Commission official Jeroen van Oel told the Bulgarian side during a meeting on the project, quoted by Bulgarian daily “Dnevnik.

Bucharest Office Space Rents To Hike By 20- 25% In ’08 – DTZ

14:23, 14 Apr. 2008
Rents for office spaces in Romania's capital city Bucharest will climb by 20-25% in 2008, as supply will maintain below demand, therefore, companies started to buy office spaces, rather than rent them, to reduce costs, according to estimations by real estate company DTZ Echinox.

Romanian PM Dismisses Statements On Foreign Min Leadership

12:48, 14 Apr. 2008
Romania’s Prime Minister Calin Tariceanu, also head of the National Liberal Party, or PNL, on Monday denied ever discussing during the party’s Standing Office meeting the situation at the Foreign Affairs Ministry following Adrian Cioroianu’s resignation.

Romanian Mar CPI +0.67% On Month, +8.63% On Year

10:40, 14 Apr. 2008
Romania's consumer price index rose 0.67% on the month in March, on higher telecom and fuel prices, bringing the annual rate to 8.63%, its highest level since January 2006, the National Statistical Institute said Monday.

Romanian ArcelorMittal Galati Employees Start General Strike

10:39, 14 Apr. 2008
A few thousand employees with steel pipe maker ArcelorMittal Galati went on general strike Monday morning, protesting against the salary raise proposed by the company’s management.

Romanian Road Transporters Organize Protest Marches Countrywide

09:41, 14 Apr. 2008
Nearly 100 transporters are taking part on Monday morning at a protest in Vama Buzaului village, in Romania’s central county of Brasov, after Transports Ministry postponed signing the protocol eliminating road tolls and amending the laws regulating their activity.

Romanian Gymnast Sandra Izbasa Wins Gold, Bronze At Cottbus World Cup

20:20, 13 Apr. 2008
Romanian gymnast Sandra Izbasa Sunday won gold in the floor exercise event, and bronze on the balance beam within the Gymnastics World Cup in Germany’s Cottbus.

Romanian Liberal VP Comments On Gift Vouchers Issue

19:39, 13 Apr. 2008
Teodor Melescanu, vice-president of Romania’s National Liberal Party (PNL) said, referring to the conclusions of the report drawn up by economy and finance minister Varujan Vosganian, that gift vouchers can be granted by the institutions whose budgets include funds earmarked for this purpose.

Romanians Working in Italy, Spain Interested To Return Home- Labor Min

18:22, 13 Apr. 2008
Romania’s labor minister Paul Pacuraru Sunday said in southern city of Craiova that Romanian nationals working in Italy and Spain, where job fairs have so far been organized, expressed interest in job openings in Romania.

Romania Fixed-Line Operator Romtelecom Launches New Subscription

17:06, 13 Apr. 2008
Romania’s fixed-line operator Romtelecom, majority-owned by Hellenic Telecommunications Organization SA (OTE), launched a new subscription that includes 50 minutes of international calls at a monthly price of EUR9.9, VAT not included.

Romanian Road Transporters Organize Protest Rally In Capital City Bucharest

14:19, 13 Apr. 2008
Nearly 200 transporters set fifty trucks on motion Sunday morning and headed for Bucharest’s Constitutiei Square where they organized a protest rally, as the Transports Ministry postponed signing the protocol eliminating road tolls and amending the laws regulating their activity.

Private Jet Operates Forced Landing Near Capital City Bucharest

19:34, 12 Apr. 2008
An Ikarus C42 private jet with two people aboard operated a forced landing Saturday in Dascalu commune, Ilfov County, just outside capital city Bucharest.

Liquid Oxygen-Loaded Tank Truck Overturns In S Romania, No Casualties

17:52, 12 Apr. 2008
A tank truck carrying liquid oxygen overturned Saturday afternoon on national road DN41 in Giurgiu County, southern Romania, and the area was immediately isolated, according to the Police Info Traffic Center.

Romanian Liberals Say New Foreign Affairs Minister Should Be Diplomat

17:10, 12 Apr. 2008
The leaders of Romania’s National Liberal Party (PNL) back the idea of appointing a diplomat as the country’s new foreign affairs minister, following the resignation of Adrian Cioroianu, according to sources within the party.

Romanian Aircraft Mkr To Receive Over EUR10M To Continue Production- Fin Min

15:58, 12 Apr. 2008
Romanian aircraft maker Avioane Craiova will receive over EUR10 million from the development fund, to be set up by the end of April, to produce two or three IAR-99 SOIM aircrafts, Romania’s economy and finance minister Varujan Vosganian said Saturday.

Some 4,000 Police Officers Marched Across Bucharest Towards Govt Headquarters

15:45, 12 Apr. 2008
Nearly 4,000 police officers organized a rally Saturday afternoon and marched across capital city Bucharest up to the government’s headquarters, urging amendments to the legislation so that they may benefit from legal assistance in work-related cases and life insurances.

Some 500 Bikers Marched Across Capital City Bucharest

14:30, 12 Apr. 2008
Nearly 500 bikers rallied Saturday morning in capital city Bucharest and marched from the Constitutiei Square up to the Arch of Triumph in an attempt to raise awareness on the problems they are facing when engaged in road traffic.

Romanian PM Accept Foreign Affairs Min Resignation

20:21, 11 Apr. 2008
Romanian prime minister Calin Tariceanu acknowledged the resignation of Adrian Cioroianu from the position of foreign affairs minister and accepted his withdrawal, official sources told MEDIAFAX.

Romanian Foreign Affairs Min Resigns In Crulic Aftermath

20:15, 11 Apr. 2008
Romanian foreign affairs minister Adrian Cioroianu announced, Friday, that he presented his honorary resignation, as a result of the Crulic case.

Romanian Judoka Alina Dumitru Wins Gold At Euro Champs In Lisbon

19:48, 11 Apr. 2008
Romanian judoka Alina Dumitru retained her title at women’s under 48 kilograms category at the 2008 European Judo Championships held in Lisbon, Portugal, after defeating French Frederique Jossinet in the competition finals Friday.

Romanian ArcelorMittal Galati Union Threatens General Strike

18:55, 11 Apr. 2008
The Romanian Solidaritatea union notified the management of steel pipe maker ArcelorMittal Galati that it would call general strike Monday morning, starting 06.30 local time.

Nokia To Lose Incentives For Romanian Plant If Eligible Expenses Top EUR50M-Official

16:46, 11 Apr. 2008
Finnish mobile phone giant Nokia might lose the fiscal incentives for its plant in the Tetarom III industrial park, northwestern Romania, as company officials consider increasing investments in the project, Tetarom director Viorel Gavrea said Friday.