English

IMF Sees Romania’s GDP Growth Slowing To 4.7% In 09

14:01, 22 Apr. 2008
Romania’s economic growth is seen slowing to 4.7% in 2009 and possibly to harsher levels, on likely spillovers from global financial market turmoil, the International Monetary Fund said Tuesday.

Romanian Senate Denies Alleged CIA Detention Centers In Romania

13:36, 22 Apr. 2008
The Romanian Senate approved Tuesday 56 to six votes and two abstentions the investigation report stating there are no CIA detention centers or secret American bases on Romanian territory.

Romanian Ctrl Bk Should Further Tighten Monetary Policy-IMF

12:06, 22 Apr. 2008
Romania should see more monetary policy tightening measures to hold back country’s peaking inflation, the International Monetary Fund said Tuesday.

Romanian Govt Plans Second Budget Revision During Parliament Vacation

11:49, 22 Apr. 2008
The Romanian government plans to conduct this year's second budget revision during July 1- September 1, 2008 and also targets to adopt a series of financial regulations in the field of education.

Romanian Senate Amends Referendum Law

10:26, 22 Apr. 2008
Romania’s Senate amended the referendum law, which stipulates the organization of a referendum along with the legislative, presidential and European Parliament elections.

Romanian Education Min Should Not Take Credit For ’04 Salary Hikes – Unions

21:20, 21 Apr. 2008
The unionists in Romania’s educational system on Monday said they agree with the 2004-2008 salary evolution presented by Minister Cristian Adomnitei, but mentioned Adomnitei should not take credit for the salary hikes occurred before his appointment in the position.

Romanian Ctrl Bk To Become Creditor For Banking Sys

19:40, 21 Apr. 2008
The Romanian central bank might soon become creditor for the banking system, with the intention of lowering liquidity costs, said Eugen Radulescu, adviser to the governor of the Romanian central bank.

Romanian Fixed Telephony Op Romtelecom To Change Number Format

19:04, 21 Apr. 2008
Calls to and from Romanian telephone company Romtelecom will be dialed, starting with May 3, using ten digits, and will include the national prefix, the geographic area code and the local number, for all calls, national and local.

Romanian Social Democrat Head Says Senator’s Resignation Leaves Deep Marks

15:56, 21 Apr. 2008
The head of Romania’s leftist opposition Social Democratic Party, or PSD, Mircea Geoana, said Monday that senator Sorin Oprescu’s decision to quit the party leaves deep marks in the latter’s relationship with the party.

Romanian Govt OKs Emergency Ordinance On New Car Pollution Tax

15:32, 21 Apr. 2008
The Romanian government approved Monday the emergency ordinance introducing the pollution tax for cars to replace the current tax perceived upon the first registration of cars.

Romanian Anticorruption Prosecutors Ask Parliament OK To Prosecute Ex-Min Mitrea

14:10, 21 Apr. 2008
Romanian anticorruption prosecutors asked the approval of the Chamber of Deputies Monday to prosecute former minister Miron Mitrea in a corruption case.

Romania, Among Emerging Mkts Most Exposed To Credit Squeeze – S&P

14:06, 21 Apr. 2008
Romania ranks third, after Iceland and Lebanon, in a Standard & Poor's classification of the most vulnerable emerging markets if the global credit squeeze tightens, the rating agency said Monday.

Romania To Issue Eurobonds After EC Spring Forecast – FinMin

13:37, 21 Apr. 2008
Romania’s finance ministry will launch a long-delayed Eurobond issue after the European Commission releases its spring economic forecast, the Romanian Finance Minister Varujan Vosganian said Monday.

Romania’s Booming Property Prices May Steady In ‘09 – FinMin

12:36, 21 Apr. 2008
Romania’s booming real estate prices are likely to remain steady starting with 2009 on rising supply and a strong growth pace in the construction sector, Romanian Economy and Finance Minister Varujan Vosganian said Monday.

Romanian Businessman, Foreign Co To Invest In Wind Power

12:25, 21 Apr. 2008
Romanian businessman Jean Valvis said Monday he plans to invest several million euros, jointly with a foreign partner, in wind and photovoltaic power in Romania.

Romanian Alleged Rapist Assaulted Jail Therapist In Rome – Paper

11:50, 21 Apr. 2008
Romanian national Ioan Rus, accused of rape in Italy, attempted Thursday evening to assault the psychologist of the Regina Coeli prison in Rome, but was seized by prison guards, Italian daily Corriere della Serra reported.

Romania’s AVAS Puts Up For Sale Helicopter Maker IAR Ghimbav

09:40, 21 Apr. 2008
Romania’s Privatization Authority AVAS put up for sale a 64.89% stake in Romania’s sole helicopter maker IAR Ghimbav, AVAS said Monday in a press statement.

Bucharest City Hall Candidate Sorin Oprescu Leaves Social Democrats

19:05, 20 Apr. 2008
Romanian senator Sorin Oprescu announced he will resign from the Social Democratic Party.

Avalanche Risks In Romanian Mountains

16:01, 20 Apr. 2008
The Romanian Ministry of Environment warns that there is the risk of avalanches in the next two days on the Fagaras Mountains, and the same risk is present in the Bucegi mountains at altitudes of over 1,800 meters, because of the warming weather and the rain.

Chinese Co To Invest EUR200M In Bucharest Real Estate

20:17, 19 Apr. 2008
Construction material distributor Zheng Shi International, which also holds the Orient Hyperconstruct store in Romanian commune Voluntari, will invest over EUR200 million in the construction of several residential projects in eastern Bucharest.

Romanian Social Democrat Official Wants Cell Phones Banned In Voting Sections

15:09, 19 Apr. 2008
The president of the National Council of the Romanian Social Democratic Party, Adrian Nastase, said he will suggest to social democrat representatives within the Central Electoral Office to request the prohibition of cell phones in voting sections.

Romanian Pres Says Education Strategy Should Include Student Views

14:03, 19 Apr. 2008
Romanian president Traian Basescu said he hopes the strategy for education, based on the national pact on education, would be completed before the beginning of school year 2008 - 2009.

Romanian Health Min Says Drugs Could Cost Less

13:42, 19 Apr. 2008
Romanian health minister Eugen Nicolaescu said that despite the conduct of medicine distributors, the prices for medicine might be lowered, because there are ways to hide profit in prices.

Romanian Transport Min Fires National Road Co Head

17:44, 18 Apr. 2008
Romanian transport minister Ludovic Orban dismissed the general director of the Romanian Highways and National Roads Company (CNADNR), Mihai Grecu

Barclays’ Director Appointed CEO At Romanian Lender BCR

17:22, 18 Apr. 2008
Barclays’ former director for emerging markets Dominic Bruynseels will be the new CEO of Romania’s largest lender Banca Comerciala Romana, or BCR, the Romanian lender said in a statement Friday.

Romania’s ’07 Budget Deficit Sixth In EU – Eurostat

16:26, 18 Apr. 2008
Romania ranked sixth in the European Union with respect for the budget deficit registered in 2007, with 2.5% of the GDP, while government spending in another 15 community states overtook income, according to data presented Friday by European statistics office Eurostat.

Romanian Prosecutors Wait For Go-Ahead In Probe Against Labor Min

15:39, 18 Apr. 2008
The Romanian anticorruption prosecutors on Friday requested Senate’s approval to start investigations against Labor Minister Paul Pacuraru on charges of bribery, the anticorruption department, or DNA, said in a statement.

Romanian Subway Extends Friday, Saturday Working Hours

15:30, 18 Apr. 2008
Romanian subway trains will be available until midnight on Fridays and Saturdays, starting with April 25, due to customer demands, while the costs for the longer hours will reach 175,000 lei (EUR1= RON3.6066) per month, according to a press release issued by the Ministry of Transport.

Romanian People’s Action Party Merges With Ruling Liberal Party

13:28, 18 Apr. 2008
Members of Romania’s People’s Action party, or AP, unanimously voted favor of the party’s merger with the ruling Liberal Party, or PNL, and party leaders signed the merger protocol Friday.

Constanta-Trieste Oil Pipe Deal To Be Signed In Bucharest, April 22

12:23, 18 Apr. 2008
The partnership agreement between the Romanian, Serbian, Croatian and Italian companies building the Pan-European Oil Pipeline linking Constanta in Romania to Trieste in Italy, could be signed on April 22, in the capital city Bucharest, after the meeting of the interstate committee.

eBay Database Romanian Hacker Arrested

12:02, 18 Apr. 2008
The Bucharest court Friday issued a 29-day arrest warrant for the Romanian accused of repeatedly breaking into email accounts belonging to eBay employees between 2005 and 2007 causing damages of over $2 million.

Romanian Loans Will Continue To Favor Euro – BRD Official

20:28, 17 Apr. 2008
Differences in interest rates, more attractive refinancing in foreign currency and the outlook of the switch to Euro will continue to support the increase of loans in Euro, said the director of the Financial Market Division within BRD-Societe Generale, Claudiu Cercel.

Romanian PM Loses Sleep Over Education, Healthcare Budgets

19:56, 17 Apr. 2008
Romanian Premier Calin Popescu Tariceanu said Thursday that, due to the economic growth, the educational and healthcare systems were allocated significant amounts of money, and that he sometimes thinks at night about the manner in which the money is spent.

There Is No Liquidity Crisis In Romania – Ctrl Bker

19:27, 17 Apr. 2008
Romanian central bank governor Mugur Isarescu feels that Romania is not currently going through a liquidity crisis, since the minimum required reserves are high.

Romania’s Ctrl Bk To Cut Deposit Maturity To One Week

19:04, 17 Apr. 2008
Romania’s central bank considers reducing to one week the timetable for deposits attracted from commercial lenders, deputy director with the bank’s monetary policy division, Dorina Antohi, said Thursday.

Short Film Promoter “Future Shorts” To Enter Romania On April 24

17:56, 17 Apr. 2008
Future Shorts, the world’s largest network of short films, which aims to promote films through monthly events, will enter Romania on April 24, with a series of screenings and an after party with guests including Ada Solomon, Radu Jude, Tudor Giurgiu.

Romanian People Suggest Installments For Car Tax

16:50, 17 Apr. 2008
Participants in the public hearing on the Romanian pollution tax for cars recommended that the Government split the tax in installments, correlate its level to the one paid by other pollutants and widen the taxation base for cars already registered.

Romanian Magistrates No Longer Appointed Without Contest

16:27, 17 Apr. 2008
The Romanian executive on Wednesday amended the legislation on magistrates’ statute, by eliminating the possibility for former judges and prosecutors, as well as for acting lawyers to be appointed magistrates without passing a test.

Italy’s Enel Pays EUR820M For Romanian Pwr Supplier Electrica Muntenia Sud

16:18, 17 Apr. 2008
Italian utility Enel SpA (EN) paid Thursday around EUR820 million for a majority stake in Romania’s regional power distributor Electrica Muntenia Sud, in a much-delayed privatization, Matteo Codazzi, Enel Romania’s president, said in a statement.

Romanian Transp Min To Lower Rail Co’s Land Prices For New Auction

15:05, 17 Apr. 2008
Romania’s Transportation Ministry plans to lower auction prices for the lands belonging to the national railway company CFR, as their current value is above the market price, minister Ludovic Orban said Thursday.