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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.

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.