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EIU: Romania Vulnerable To Financial Mkt Turmoil

12:03, 18 Mart. 2008
Romania is among eastern European countries most vulnerable to financial market turmoil, due to its wide current account deficit fueled by growth in economy and especially in domestic consumption, the Economist Intelligence Unit (EIU) said in its Global Outlook report Tuesday.

Frattini: Italy Should Have Zero Tolerance For Romanian Felons

11:01, 18 Mart. 2008
EU Justice Commissioner Franco Frattini on Tuesday said Italian authorities should have zero tolerance for Romanian felons and proposed setting up joint patrols, formed of Romanian and Italian police officers.

Romanian Wind Pwr Producers Urge Amendments To Regulations In The Field

22:35, 17 Mart. 2008
The Romanian Association of Wind Power Producers urges amendments to the regulations authorizing the construction of wind-power plants, given the increase in the number of investors expressing interest in the field, but who are discouraged by the regulations imposed by the country’s Civil Aeronautic Authority (AACR).

European Parliament To Launch Journalism Prize

20:58, 17 Mart. 2008
The European Parliament will launch the Journalism Prize this year, for the first time, to honor the professionals in the field of mass media whose reports and articles, published during May 1, 2007- April 30, 2008, raise awareness on the workings and policies of the EU.

Fashion Retailer C&A To Open Its First Store In Romania-Sources

19:40, 17 Mart. 2008
High street fashion retailer C&A, part of international group Cofra, will open its first store in Romania, people close to the matter said Monday.

Romanian Real Estate Developers Present Their Offers At tIMOn Fair

16:00, 17 Mart. 2008
Real estate developers will present during the second 2008 edition of the National Real estate Fair tIMOn over 20,000 homes with a total value of EUR4 billion in residential projects developed in Romania, Egypt, Bulgaria, Spain and Brazil.

Renault To Make New Logan In Russia From 2010

14:38, 17 Mart. 2008
French carmaker Renault (13190.FR) will start manufacturing new versions of the Logan car in Russia as of 2010, which might include the Logan Sedan, Sandero and the SUV its Romanian unit Dacia plans to launch in the second part of 2009.

Romania’s New Nuclear Station To Come With 2-4 Reactors

13:23, 17 Mart. 2008
Romania’s second nuclear power station, set for construction some time after 2020, will be designed with two or four reactors, an official said Monday.

EU Should Financially Support Nabucco Proj- MEP Daianu

13:12, 17 Mart. 2008
The European Union acknowledged the construction of gas pipeline Nabucco as a EU project, reason for which it should financially support this project, member of the European Parliament Daniel Daianu said in a statement Monday.

Romanian Energy Workers On Warning Strike Over Higher Wages

12:01, 17 Mart. 2008
Romanian energy sector workers went on a two-hour warning strike early Monday in eight counties across the country to demand higher wages and threatened a general strike if their demands are not met.

Romania’s Rompetrol Ups Diesel Pump Prices By RON0.06/ Liter

11:53, 17 Mart. 2008
Romania’s second-largest oil company Rompetrol Group NV hiked Monday its diesel oil pump prices by 0.06 lei (EUR1=RON3.7100) per liter and lowered certain gasoline prices by RON0.02 per liter, the company said in a statement.

Romania, Bulgaria Plan To Join Schengen Area March 2011

18:33, 16 Mart. 2008
Romania and Bulgaria plan to join the Schengen area in March 2011, the interior ministers of the two countries, Cristian David and Rumen Petkov, respectively, said in a joint statement Sunday.

Romanian President OKs Automobile Craiova Privatization

17:47, 16 Mart. 2008
Romania’s President Traian Basescu on Sunday signed a decree promoting the privatization law of state-owned assembly plant Automobile Craiova SA, the presidency said in a statement.

Romania To Set Up National Energy Co In Three Weeks Tops – Official

17:39, 16 Mart. 2008
The Romanian authorities will decide on setting up the national energetic company in the next two or three weeks, head of Romanian privatization authority AVAS, Teodor Atanasiu, said Sunday.

Ford Investment Spurs Interest In Romanian Car Mkt

16:08, 16 Mart. 2008
Ford buyout of Romania’s Automobile Craiova assembly plant spurred interest in the Romanian auto market among large international players, head of privatization authority Teodor Atanasiu said Saturday.

Romania Former PM Says Constitutional Court Head Tries To Influence Judges

17:35, 15 Mart. 2008
Romanian former premier, Deputy Adrian Nastase, on Saturday accused the president of Constitutional Court of attempting to influence the judges who are to elaborate and publish the court’s decision in case of criminal investigations against ministers and former ministers.

Romanian Presidents Calls For Decentralization Of State Institutions

15:01, 15 Mart. 2008
Romania’s President Traian Basescu on Sunday urged for decentralization of state institutions, saying Romanians are more inclined to trust local administration than the central one, as local officials only think about the wellbeing of the community.

Hungarian Minority Leader Says Transylvania’s Autonomy Not A Means To Divide Romania

14:43, 15 Mart. 2008
The Hungarians in Romania do not seek to divide the country when asking autonomy for Transylvania region, but to develop the Szeklers’ Land, president of the Democratic Union of Hungarians in Romania, or UDMR, Marko Bela told some 5,000 people in Targu Mures Saturday.

Romanian Pres Warns Media To Refrain From ‘Dirty’ Attacks Against His Family

20:53, 14 Mart. 2008
Romania’s President Traian Basescu on Friday criticized very harshly several media corporations, accusing journalists of unfair attacks that target both him and his family.

Romania Looks At Building New Nuclear Pwr Plant – PM

19:27, 14 Mart. 2008
Romanian Prime Minister Calin Popescu Tariceanu said Friday that Romania should reduce its energetic dependence to a single source of energy by building a new plant, apart from the two nuclear reactors at Cernavoda, which are currently in progress.

Romania Ranks Second In Labor Cost Hikes Chart – Eurostat

18:58, 14 Mart. 2008
The rise in labor costs dropped in the fourth quarter of 2007, to 21.6%, as Romania took the second position in the EU state chart, after Latvia, where the climb reached 30.1%, and some six times greater than the average among the 27 EU member states, according to European statistics office Eurostat.

Securities Commission OKs 14 Foreign Cos To Operate On Romanian Capital Mkt

18:23, 14 Mart. 2008
Romania’s Securities Commission CNVM authorized 14 investment companies from U.K, Cyprus, the Netherlands and Denmark to operate on the Romanian capital market, the regulator said Friday.

Court:Bulgarian Businessman Accused Of Corruption Free To Leave Romania

17:13, 14 Mart. 2008
The Bucharest Court of Appeals on Friday decided Bulgarian Bulgarian businessman Stamen Stanchev, detained in Romania on corruption charges, is free to leave the country.

Romanian Pres, PM Leave Quarrels Home

17:03, 14 Mart. 2008
Fiscal means are the most efficient way of imposing pollution reduction measures, said Romanian prime minister Calin Tariceanu, refraining however, in solidarity with president Traian Basescu, from commenting on the car tax, in order to avoid displaying divergence in Brussels on a local debate topic

Over 4,000 Employees In Romania’s Dacia Car Plant On Warning Strike

16:20, 14 Mart. 2008
Over 4,000 employees of the Dacia Renault car making plant in the southern Romanian city of Pitesti, went on a two-hour warning strike Friday, demanding higher wages and higher bonuses on Easter and Christmas.

Romania Should Cut Through Red Tape In EU Fund Absorption

14:09, 14 Mart. 2008
Romania should strive to increase European Union funds absorption, which is well below the country’s yearly contribution to the union’s budget, central bank governor Mugur Isarescu said Friday during a seminar on economic issues.

Over 600 Unionists Picket Education Ministry

12:56, 14 Mart. 2008
Over 600 unionists of “Spiru Haret” federation picket the Education Ministry headquarters Friday and are to march up to the Parliament building, protesting against the national pact for education, which they deemed a political scheme used to win votes.

Bush To Meet With Romanian President, PM, NATO, Secretary Gen

12:08, 14 Mart. 2008
U.S. President George W. Bush will have bilateral meetings with Romanian President Traian Basescu, Prime Minister Calin Tariceanu and NATO Secretary General Jaap de Hoop Scheffer during the NATO summit in Bucharest on April 2-4, the White House said in a statement.

New Car Registrations In Romania Up 35.6% On Yr In Jan, Feb

11:24, 14 Mart. 2008
Romania ranks second in Europe by increase in the number of new passenger car registrations in the first two months of the year, posting a 35.6% increase on the year, to 50,918 units.

Foreign Flag Vessels Collide In SE Romanian Harbor

11:16, 14 Mart. 2008
Two foreign flag vessels collided on Thursday night in Constanta harbor. However, no human lives were lost and the material damages are minor ones.

Vodafone Romania Ups Internet Access Speed To 7.2 Mbps

19:08, 13 Mart. 2008
Romanian mobile telephony operator Vodafone Romania will launch Tuesday, March 18, a new technology, HSUPA, which will provide high upload speeds for data and will increase the download speed, HSDPA, up to 7.2 Mbps.

Bucharest’s Road Public Transport, Subway Cos To Merge

16:36, 13 Mart. 2008
Bucharest’s road public transport company RATB and subway company Metrorex will merge forming one institution called the Metropolitan Transportation Authority, according to a draft act drawn up by the Transports Ministry.

Romanian Anticorruption Prosecutors Seize Ex Agric Min Apartment

16:29, 13 Mart. 2008
Romanian anticorruption prosecutors seized an apartment held by former agriculture minister Decebal Traian Remes in the northern Romanian city of Baia Mare, people close to the investigation told MEDIAFAX.

County Council Heads To Be Elected Uninominally In June Polls – Govt

15:37, 13 Mart. 2008
Presidents of county councils will be elected under the uninominal voting system at the local elections in June 2008, in compliance with the law introducing the uninominal voting system, of which the government took note, government spokeswoman Camelia Spataru told MEDIAFAX Thursday.

Romanian Agriculture Min Advises Milk Producers To Join Forces

15:30, 13 Mart. 2008
Romanian agriculture minister Dacian Ciolos advised small producers in the milk industry to join forces if they wish to have a saying on the market.

Italy’s Enel To Be First Integrated Co In Romanian Electric Pwr Sector

14:56, 13 Mart. 2008
Italian power firm Enel SpA (EN) will become the first integrated company in the electric power field in Romania, following the investments in the nuclear and thermal sectors, the head of the group’s international unit Carlo Tamburi said Wednesday.

Romania’s Car Tax Computed Based On CO2 Lvls For Euro 3 Cars As Well

14:55, 13 Mart. 2008
The Romanian minister of Economy and Finance Varujan Vosganian on Thursday confirmed the country’s car tax regime will consider the level of carbon dioxide emissions for Euro 3 cars as well, in addition to Euro 4 cars.

Romanian Health Ministry Aims Building 30 Hospitals By 2012

13:07, 13 Mart. 2008
Romania’s Health Ministry expects to receive in April, offers for the design, construction and equipping of 32 hospitals countrywide, projects that will rise to an estimated RON13.7 billion (EUR3.7 billion), VAT included, and that are to be finished in 2012.

Bucharest Zoo Stays Open – Minister

12:33, 13 Mart. 2008
Romanian environment minister Attila Korodi said Thursday the zoo in Bucharest would not be shut down, but will see investments

Romanian Costel Busuioc Wins Spain’s „Hijos De Babel” Song Contest

12:02, 13 Mart. 2008
Romanian Costel Busuioc, 33, won the "Hijos de Babel" song contest final Wednesday night, organized by the Spanish public television.