English

Romania Former WBO World Champ Mihai Leu Runs For Hunedoara Mayoralty

16:00, 19 Mart. 2008
Romania’s Conservative Party on Thursday will present the candidacy of member Mihai Leu, former WBO World Champion, for mayor position in Hunedoara municipality, western country.

Romanian Govt Oks Electrica Muntenia Sud Sale To Italy’s Enel

15:47, 19 Mart. 2008
The Romanian Government has approved the privatization of Romanian regional power distributor Electrica Muntenia Sud to Italy's utility Enel SpA (EN), Prime Minister Calin Popescu Tariceanu said Wednesday.

Romanian Tanks For Tires Case Suspended Pending Constitutional Court Decision

15:21, 19 Mart. 2008
The trial in which Romanian retired generals Eugen Badalan and Mihai Popescu, among others, are charged with causing over EUR1.2 million in losses to the Army Ground Forces General Staff was suspended when the Supreme Court approved the exception of unconstitutionality raised by the defendants.

Romanian Chamber Speaker Addresses US $830,000 Debt Matter

14:02, 19 Mart. 2008
Romanian Chamber Speaker Bogdan Olteanu sent two letters, one to finance minister Varujan Vosganian, and another to privatization agency president Teodor Atanasiu, asking them to recover the external public debt of $830,000 caused by the companies backed by former prime minister Theodor Stolojan.

Romanian Realty Mkt Nearing Crisis – Rompetrol CEO

13:29, 19 Mart. 2008
The Romanian real estate market is going down and heading toward a crisis, over uncompetitive prices, said Wednesday Dinu Patriciu, CEO of Romania’s second largest oil group Rompetrol.

Romania Ctrl Bk Ups Lei, Cuts USD Interest Rates For Minimum Reserves

13:00, 19 Mart. 2008
Romania’s central bank increased minimum reserve requirement ratios for leu-denominated liabilities of commercial banks, lowered the ratio for US dollar-denominated reserved, and left unchanged ratios for euro-denominated liabilities.

Gasoline Price May Reach RON5/Liter Unless Romania Cuts Excise Tax – Rompetrol Pres

12:59, 19 Mart. 2008
A liter of gasoline might reach 5 lei (EUR1=RON3.7418), unless Romanian authorities cut and even the gasoline and diesel oil excises taxes in the following months, president of Romanian oil refiner Rompetrol Group, Dinu Patriciu, said Wednesday.

Romania Lacks Maximum 100,000 Employees – Labor Min

12:04, 19 Mart. 2008
Romania has a shortage of up to 100,000 employees according to employment agencies, labor minister Paul Pacuraru said Wednesday, diverging considerably from the estimated 500,000 people shortage announced by finance minister Varujan Vosganian.

Petrom Pipeline Cracks, Oil Pollutes Stream S Romania

11:58, 19 Mart. 2008
A pipeline of Romania’s largest vertically integrated oil company Petrom (SNP.RO) cracked Wednesday morning in Arges county, southern Romania, flooding households and lands and polluting Cotmenita stream.

Romanian Govt To Reduce Period For Authorized Pvt Individual Registration

10:35, 19 Mart. 2008
Romania’s minister for small and medium-sized enterprises, commerce, tourism and liberal professions, Ovidiu Silaghi, told a press conference Tuesday that the government plans to reduce the period needed to register an Authorized Private Individual (PFA) to three days from the current three months.

Romanian Farmers Stage Protest, Picket Govt HQ

09:43, 19 Mart. 2008
The League of Romanian Farmers Associations, or LAPAR, organizes a protest march Wednesday and pickets the government building, as farmers are discontent with high diesel fuel prices and delays in the grant of subsidies.

Romanian Neighborhood Tent Parties To Be Outlawed

20:49, 18 Mart. 2008
The legal committee within the Romanian Senate decided to prohibit and sanction the organization of parties in tents, in other setups of the sort, in areas found in the vicinity of dwellings if instruments that might disturb the public peace are used.

Romanian Post Office To Lay Off 1,500 Employees In ’08 – Official

18:40, 18 Mart. 2008
Romanian minister of communications Karoly Borbely said on Tuesday that the Romanian Post Office, “mammoth company” with over 35,000 employees intends to lay off 1,500 employees in 2008.

Trial Btw Oil Tycoon – Intelligence Service Suspended

17:54, 18 Mart. 2008
The Bucharest Court of Appeals suspended on Tuesday the trial between oil tycoon Dinu Patriciu and the Romanian Intelligence Service, or SRI, and notified the Constitutional Court with respect to the legality of certain articles.

Romanian Democrat Liberals Say Minister Liability Law Is Unconstitutional

17:52, 18 Mart. 2008
The leader of the democrat liberal group within the Romanian Chamber of Deputies, Cristian Radulescu said the his party notified the Constitutional Court regarding two legislative drafts, namely the amendments brought to the minister liability law and the law on dignitary wealth checking.

Romanian Deputies Reject Draft Law On $830,000 Loan Refund To USA

17:08, 18 Mart. 2008
Romania’s Chamber of Deputies Tuesday rejected the draft law on refunding a loan of $830,000 the US government granted to the Romanian government, led by Theodor Stolojan during October 1991 - November 1992, to buy cotton fiber.

Romanian Media Is Not One-Sided – Romanian Press Club

17:05, 18 Mart. 2008
The interim president of the Romanian Press Club (CRP), Indira Crasnea, told MEDIAFAX Tuesday that “politicians, the president included, should understand that the press is not one-sided”.

Family Of Late Romanian Musician Might Stage Protest During NATO Summit

16:13, 18 Mart. 2008
The family of the late Romanian bass player Teo Peter plans to stage a peaceful protest during the NATO summit in Bucharest early next month to raise awareness on the fact that justice has not prevailed more than three years since Peter’s death.

Romanian Anticorruption Prosecutors Look Into Land Purchases Before Nokia Relocation

15:10, 18 Mart. 2008
The Romanian Anticorruption Department said Tuesday that its Cluj branch is not looking into the contract concluded between Finnish mobile giant Nokia and local authorities, but the circumstance in which lands were bought in the area before the plant was relocated.

Consensus Economics Sees Higher Inflation On Lower C/A In Romania

15:10, 18 Mart. 2008
Consensus Economics, which groups economic forecasts of banks and international institutions revised higher Romania’s 2008 inflation forecast and sees better data for the economic growth and the current account deficit.

Romanian SMEs Can Access EUR1B European Funds To Increase Competitiveness

15:04, 18 Mart. 2008
Romanian small and medium sized enterprises, or SMEs, can access over the next four years, European funds of over EUR1 billion to increase economic competitiveness, said SME minister Ovidiu Silaghi.

Romanian Deputies Reject Ordinance Disbanding Presidential Commission

14:54, 18 Mart. 2008
Romania’s Chamber of Deputies Tuesday rejected 240 to two votes and six abstentions Ordinance 95/2007 disbanding the presidential commission in charge with analyzing the intimations regarding the crimes committed by ministers, which the Constitutional Court deemed unconstitutional.

Romanian Govt To Encourage Romanian Investors In CEC Sale – PM

14:31, 18 Mart. 2008
The Romanian government will approach the sale of Romania’s savings bank CEC from a different perspective, to encourage Romanian investors as well, Prime Minister Calin Tariceanu told a news conference Tuesday.

Romanian Anticorruption Prosecutors Look Into Nokia-Local Authorities Talks

12:41, 18 Mart. 2008
Romanian anticorruption prosecutors asked the Cluj County Council to present all documents related to negotiations with Finnish mobile giant Nokia, county council president Marius Nicoara said Tuesday.

EU Raises Romania’s Annual Milk Quota By 2% As Of April

12:18, 18 Mart. 2008
Annual national milk quotas in European Union member states will be increased 2% in the market year April 1, 2008-March 31, 2009, the EU’s Council of Ministers for Agriculture decided Monday.

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.