English

Romania’s 07 Budget Deficit At 2.63% Of GDP – Fin Min

14:20, 28 Feb. 2008
Romania ran a consolidated budget deficit of 2.63% of gross domestic product in 2007, according to European Union calculation methods, Finance Minister Varujan Vosganian said Thursday.

Romanian Govt Already Considered Most Demands In Opposition’s Simple Motion – Fin Min

14:18, 28 Feb. 2008
Most of the demands senators included in the simple motion on the poor living standard, such as fighting poverty, cutting budget expenses and increasing the minimum wage, have already been solved or are being considered by the government, economy and finance minister Varujan Vosganian said.

Siveco Romania Buys Bulgaria’s IT Co Latona For EUR3M

12:44, 28 Feb. 2008
IT solution developer Siveco Romania paid EUR3 million for the entire stake in peer company Latona Bulgaria, Siveco said in a statement Thursday.

Italy Issues New Decree On Expulsion Of EU Citizens On Public Safety Grounds

12:19, 28 Feb. 2008
The Italian government adopted Wednesday a new decree regarding the expulsion of EU citizens who commit crimes on Italian territory.

Romanian President Basescu Accused Of Nepotism

10:22, 28 Feb. 2008
Eugen Stamate, member of the presidential committee for education and research, said Wednesday he resigned his position as soon as he heard the president’s youngest daughter, Elena Basescu, was elected secretary general of the Democratic liberal Party’s youth organization with "98% of the votes”.

Romanian Internet Users Appoint Leading Brands In Poll

19:36, 27 Feb. 2008
Coca-Cola and Nokia were dubbed by Romanian internet users as the most trustworthy and popular brands online, while Dacia is a leader among Romanian brands, according to the study "Leading Brands by Romanian Internet Users," compiled by Gemius, in collaboration with Evensys.

Romanian Govt Annuls Privatization Method Of Antibiotice

19:08, 27 Feb. 2008
The Romanian Government has annulled on Wednesday the decision to privatize the country’s last remaining state-owned drug maker Antibiotice SA through open bid, the government said in a statement.

Romanian Parliament Parties Convene On Education Pact

18:47, 27 Feb. 2008
The Democratic Union of Magyars in Romania, the social democrats, the liberals and the democrat liberals announced, after meeting president Traian Basescu, that they are ready and willing to sing the pact on education.

Nearly One Third Of Romanians Lack Running Water, Sewage

16:35, 27 Feb. 2008
Romania’s environment minister Attila Korodi said Wednesday 32% of Romanians lack running water and sewage services and Romania needs to invest in waste management, water and waste water administration to catch up with other European countries.

Romanian PM Unpleasantly Surprised By EC Decision On Automobile Craiova Sale

15:59, 27 Feb. 2008
Romanian Premier Calin Tariceanu said on Wednesday he was unpleasantly surprised by the European Commission’s decision regarding the sale of auto-assembly plant Automobile Craiova, mentioning there will be no appeal to the decision to complete the privatization process.

EC Asks Romania To Recover EUR27M State Aid From Automobile Craiova

15:03, 27 Feb. 2008
European Commission asked the Romanian government to recover EUR27 million from Automobile Craiova, which represent, following EC investigations, illegal state aid in the context of the company’s privatization and its sale to Ford Motor Company in September 2007.

Romanian Senate OKs Additional Aid To Low-Income Families

13:24, 27 Feb. 2008
The Romanian Senate in plenary session Wednesday adopted a proposal of the Conservative Party for the grant of additional aid to families whose incomes are lower than the net average salary and to single-parent families with the same low income.

Romanian President Consults Parliament Parties On Education Plan

10:48, 27 Feb. 2008
Romanian President Traian Basescu meets Wednesday with representatives of parliament parties to discuss the National Plan for Education.

Thirty Illegal Immigrants, Including Romanians, Arrested In Chicago

10:35, 27 Feb. 2008
More than 200 illegal immigrants who had previously been ordered out of the country were arrested in Illinois and five other states during a four-day sweep that ended Monday, the Chicago Tribune reported federal officials as saying.

Romanian PM Mulls Extending Def Min’s Justice Interim Term

09:50, 27 Feb. 2008
Romania’s Prime Minister Calin Tariceanu will propose acting defense minister Teodor Melescanu for a new interim term at the Justice ministry at the end of this week, PRO TV cited liberal sources as saying.

Social Democrats, Conservatives’ No-Confidence Motion Enacted By Senate

21:26, 26 Feb. 2008
The simple motion “Put an end to poor living standards! Put an end to the irresponsibility in the energy sector,” initiated by members of the leftist opposition Social Democratic Party, or PSD, and of the Conservative Party, or PC, was enacted on Tuesday by the Senate with 74 votes in favor and 33 against.

Romania’s Petrom Mulls Entering Ukrainian Mkt

21:01, 26 Feb. 2008
Romania’s oil and gas company Petrom (SNP.RO) is searching for opportunities to enter the oil market in Ukraine, especially in the fields of oil exploitation and fuel distribution, the company’s CEO Mariana Gheorghe said Tuesday.

Romanian PM Says VAT Cut For Basic Food Cannot Be Operated

18:37, 26 Feb. 2008
Romania’s Prime Minister Calin Tariceanu Tuesday said that cutting the value added tax for basic food products, measure proposed by the Senate, is not an option as other taxes should be increased in order to counter the measure.

Romanian PM Confident Yr-End Budget Deficit Below 3% Of GDP

17:21, 26 Feb. 2008
Romanian Prime Minister Calin Popescu Tariceanu said Tuesday that the country’s budget deficit will stay below 3% of gross domestic product in 2008, and says it will continue to support the central bank’s policies to temper inflation.

UK Granted Over 30,000 Work Cards To Romanians, Bulgarians In 2007

15:53, 26 Feb. 2008
British authorities granted 30,570 work cards to Romanian and Bulgarian nationals in 2007, the government said in a statement Tuesday.

Romania’s Econ Min To Propose PM Tariceanu To Reduce Budget Expenses By EUR1.1B

15:23, 26 Feb. 2008
Romania’s Economy and Finance Ministry will propose to Prime Minister Calin Popescu Tariceanu to cut the expenses by EUR1.1 billion from this year’s budget, without reducing however the budget destined for investments, Finance Minister Varujan Vosganian said Tuesday.

Romanian PM Considers New Nomination For Jus Min-Sources

15:21, 26 Feb. 2008
Romanian Premier Calin Popescu Tariceanu considers nominating a new minister of justice to avoid a possible situation in which President Traian Basescu refuses to dismiss interim minister Teodor Melescanu, liberal sources said Tuesday.

Education Pact Sparks Clash Btw Romanian Social Democrats, President

15:05, 26 Feb. 2008
Romania’s leftist opposition Social-Democratic Party (PSD) said it would not sign the Education Pact proposed by President Traian Basescu unless 7% of gross domestic product is earmarked for the education system, according to a press statement issued Tuesday by the party’s department for education.

Romania Health Ministry To Pay EUR25M For IT&C Equipment

14:36, 26 Feb. 2008
Romania’s health ministry completed an auction to purchase IT&C equipment meant for the healthcare system for an estimated price of EUR25 million, minister Eugen Nicolaescu said Monday.

Romania’s State Protocol Buildings To Be Sold In Auctions Only

13:44, 26 Feb. 2008
The committee for legal matters of the Romanian Senate on Tuesday established that buildings in the administration of the state protocol authority RAAPPS may only be sold in auctions and not by negotiation.

Romanian Intelligence Service To Organize Young Atlanticist Summit

12:48, 26 Feb. 2008
The Atlantic Council of the USA and the Euro-Atlantic Council in Romania – NATO House will organize, with the help of the Romanian Intelligence Service, between April 2 and April 4, the "Young Atlanticist Summit," created as a meeting opportunity for future leaders in the Euro-Atlantic region.

Cigarettes Might Be Sold Near Romanian Schools, Hospitals

12:12, 26 Feb. 2008
The committee for legal matters within the Romanian Senate decided Tuesday that cigarettes might be sold in stores located less than 50 meters away from schools and hospitals, while the ban on the sale of these products applies exclusively on the premises of the mentioned units.

Romania’s Petrom 07 Crude Oil, Gas Output Slightly Dn

12:06, 26 Feb. 2008
The crude oil output of Romania’s largest vertically integrated oil company, Petrom SA (SNP.RO) fell 4% in 2007 to 70.27 million barrels from 73 million barrels in 2006, due to international factors, the company said Tuesday.

Romania Might Fail To Meet 2014 Euro Adoption Timetable – Ctrl Bkr

12:01, 26 Feb. 2008
Romania might not meet its euro-zone entry timetable, which entails euro adoption in 2014, if the country’s soaring inflation doesn’t go down to sustainable levels in 2008 and 2009, central bank governor Mugur Isarescu said Tuesday.

Romania To Hold Local Elections On Time – PM

11:28, 26 Feb. 2008
Romanian Prime Minister Calin Tariceanu restated Tuesday that local elections will not be moved up or postponed and will be organized at a date so as not to overlap with Easter or the European Football Championship.

EU Asks Copy Of Romanian Parliament Committee Report On Alleged CIA Flights

11:04, 26 Feb. 2008
The European Commission is awaiting a detailed report from Romanian authorities regarding alleged CIA flights carrying terror suspects via Romania, and a copy of the report drafted by the parliament investigation committee, BBC Romania reported.

Italian Authorities Put 26 Romanians Under Arrest In Last 48 Hours

18:08, 25 Feb. 2008
Italian authorities arrested 26 Romanian citizens in the last 48 hours, under charges of theft, forgery and resisting arrest, according to Italian news agency APcom.

Greater Romania Party Urges Talks On No-Confidence Car Tax Motion

17:27, 25 Feb. 2008
Corneliu Vadim Tudor, head of the far-right Greater Romania Party, or PRM, said his party would not vote the no-confidence motion on the first registration tax for cars initiated by the Democratic Liberal Party, unless talks are held in this respect.

Romanian Jan Pvt Lending +67% YY At RON154.2B

15:34, 25 Feb. 2008
Romanian private lending rose 66.8% on the year in January in real terms to 154.25 billion lei ($62.4 billion), due to higher loans in both leu and foreign currencies, the central bank said Monday.

Romanian Liberal Democrats Launch No-Confidence Motion

14:54, 25 Feb. 2008
Romania’s Democrat Liberal Party (PDL) leader Emil Boc said Monday the party launches a no-confidence motion dubbed “Tariceanu, give the money back!".

Romania’s Def Min Remains Justice Interim

14:36, 25 Feb. 2008
Leaders of Romania’s ruling Liberal Party, or PNL, did not discuss the issue of the Justice Ministry, and defense minister Teodor Melescanu remains interim justice minister.

Romania To Refund Car Tax Only If Forced By EC Or European Court Of Justice

14:26, 25 Feb. 2008
The Romanian government will return in full the money collected for the car tax only following a decision of the European Commission and possibly of the European Court of Justice.

Romanian Savings Bk CEC To Start Compensation On Dec ‘21

12:44, 25 Feb. 2008
People who deposited money in Romanian savings bank CEC before 1992 for the acquisition of Dacia cars, will receive their money back in one installment, starting with December 21, 2008, economy and finance minister Varujan Vosganian said Monday.

Eight Romanians Injured In Road Accident In Austria

12:28, 25 Feb. 2008
Eight Romanians were injured Sunday night in the road accident near Vienna, Austria, and two of the victims are in serious condition, said Ioana Bobes, attaché of Romania’s Embassy to Vienna.

Some 42,000 Romanian Public Servants On Go-Slow Strike

09:55, 25 Feb. 2008
Some 42,000 Romanian public servants affiliated to the de National Federation of Unions in the Administration (FNSA) started Monday morning a two-hour go-slow strike, protesting against the government’s wage propositions.