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Romania 1Q Power Output +2.3%, Resources +3.2% On Year

10:50, 09 Mai 2011
Romanian power output rose 2.3% on the year to 5.93 million tons of oil equivalent in the first quarter, while the country’s primary energy resources increased 3.2% to 8.6 million tons of oil equivalent, official data showed Monday.

Franks: Romania, IMF Agree On Economic Policies For Follow-Up Deal

10:36, 09 Mai 2011
Romania and the International Monetary Fund have reached an agreement on the economic and fiscal policies to be pursued during a EUR5 billion two-year precautionary program, IMF mission chief Jeffrey Franks said Monday.

Romania Meets EU Criteria For EUR150M Loan Disbursement

10:33, 09 Mai 2011
Romania has met the criteria requested by the European Commission for the disbursement of the final tranche of a EUR5 billion loan, worth EUR150 million, the EU mission chief Istvan Szekely said Monday.

Romanian Govt Won’t Privatize Airline Tarom – Sources

17:32, 08 Mai 2011
The Romanian Government states, in the new letter of intent to the IMF, its goal to privatize chemical plant Oltchim and the Turceni, Rovinari and Craiova energy complexes, while its plan for airline Tarom is to sell only a minority package, people close to the matter told MEDIAFAX.

Romanian Processed Food Prices Seen Up 10-12% In Next 2-3 Months – Producers

16:49, 08 Mai 2011
The prices of processed food products will increase by up to 10-12% in the next 2-3 months, Sorin Minea, president of Romanian food producers' association Romalimenta, said Sunday on ProTV.

Romania, EU To Discuss Local Fuel Market Probe Results, Measures

15:10, 08 Mai 2011
Romania will most likely complete its fuel market probe and conclusions in the second half of this year, after talks with the European Commission, people close to the matter told MEDIAFAX.

Romania Cannot Reduce Social Security Contributions In 2011 – President

20:08, 07 Mai 2011
Romanian President Traian Basescu said Saturday that, in his opinion, it is impossible to reduce social security contribution rates in 2011.

Complete Liberalization Of Romanian Energy, Gas Markets To Wait Until 2015 – President

19:48, 07 Mai 2011
Romanian President Traian Basescu said Saturday, after a meeting with the International Monetary Fund delegation, that the deregulation of gas and electricity prices for households should be put on hold until 2015.

Romanian President: IMF Follow-Up Deal To Enable Continued Reforms

18:48, 07 Mai 2011
Romanian President Traian Basescu said Saturday that the new deal with the International Monetary Fund is "precautionary" and its purpose is continuing reforms, with international financial assistance.

Romania, IMF Agree On New Deal Letter Of Intent

16:10, 07 Mai 2011
Romanian authorities and the International Monetary Fund have reached an agreement on the Government's course of action outlined in the follow-up deal's letter of intent, people close to the matter told MEDIAFAX on Saturday.

Romania, IMF Disagree On Privatizations, Social Security Contributions – Sources

19:47, 06 Mai 2011
The Romanian Government and the IMF delegation have not yet reached an agreement on the state companies to be privatized or restructured, or the right time to reduce social security contribution rates, people close to the matter told MEDIAFAX on Friday.

Romanian Antifraud Authorities May Enter Company Building, Land For Checkups

18:25, 06 Mai 2011
Romanian President Traian Basescu on Friday passed a law whereby public authorities and institutions, as well as private and state-owned companies and individuals conducting business must allow access and checkups by Antifraud Department officials in their headquarters, vehicles and land.

Nabucco Construction Start Delayed To 2013

14:08, 06 Mai 2011
The consortium building the Nabucco gas pipeline postponed construction start by one year, until 2013, while the date of first deliveries was pushed back to 2017.

Romanian Annual Inflation Seen Rising To 8.2% In April

14:04, 06 Mai 2011
Romanian consumer prices are likely to increase by 0.5% on the month in April, while the annual inflation is seen accelerating to 8.2%, according to a median forecast of the country’s association of financial and banking analysts AAFBR.

„William & Kate: A Royal Love Story” To Be Shot At MediaPro Studios In Bucharest

13:57, 06 Mai 2011
The television film "William & Kate: A Royal Love Story," about Prince William and Kate Middleton, will be filmed in Bucharest, say MediaPro Studios officials.

Romanian Opposition MP Proposes Foreign Films Be Dubbed Into Romanian

12:49, 06 Mai 2011
Romanian opposition social democrat MP Victor Socaciu has put forward a bill whereby foreign language films will be dubbed into Romanian.

Romania’s March Net Salary Up 5.6% M-M, To RON1,493

10:51, 06 Mai 2011
Romania’s net average salary in February was at 1,493 lei (EUR363), up 5.6% compared with the previous month, Romania’s statistics institute said Friday.

Romanian Govt Revenue Service To Close 1/3 Of Regional Offices By September

20:58, 05 Mai 2011
Romanian government revenue service ANAF will close, by September, around 150 local financial administration offices, more than a third of its current network, because they are not efficient.

Tourism Min Launches Auction To Restore Roads In SE, NE Romania

19:50, 05 Mai 2011
The Romanian Tourism Ministry on Thursday launched an open auction to award contracts to restore several county and local interest roads in southeastern and northeastern Romania in 2011-2013.

Romania Ctrl Bk: Stable Exchange Rate Preferable On Long Run

18:14, 05 Mai 2011
Romanian central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Isarescu said Thursday.

New Car Sales In Romania Lower Than Normal – Ford Romania Head

18:05, 05 Mai 2011
New car sales in Romania have been three times lower than normal over the past three years due to the economic crisis, Ford Romania president Henrik Nenzen said Thursday.

Romanian NGO Requests Disclosure Of EU-Funded Contracts, Classified By Ex-Labor Min

17:23, 05 Mai 2011
The Romanian Institute for Public Policy (IPP), a non-government organization, asked Prime Minister Emil Boc to repeal an order by former Labor Minister Ioan Botis, which classified information on the use of non-refundable European financing, or it will challenge it in court.

Romania Ctrl Bk: Fuel Price Freeze Detrimental In Long Run

15:20, 05 Mai 2011
A price freeze on fuels would be detrimental to Romania in the long run, central bank governor Mugur Isarescu said Thursday.

Romania’s Construction Market Needs Infrastructure Works To Revive

14:22, 05 Mai 2011
Recovery for Romania’s nearly-flatlined construction segment depends on investment, project selection and improved legislation, as the market is “running out of companies to go bankrupt”, Thursday said Cristian Erbasu, president of construction employers' association PSC.

Romanian Food Prices Rise At 2nd Fastest Pace In Region – Ctrl Bk Head

13:51, 05 Mai 2011
Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumption basket remains an unresolved issue.

Romania Ctrl Bk Head: Leu’s Appreciation Helped Mitigate Large Shocks

13:02, 05 Mai 2011
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu said Thursday.

Romania Central Bank Ups Inflation Forecast To 5.1% In 2011, 3.6% In 2012

12:36, 05 Mai 2011
The Romanian central bank revised upwards its forecasts for 2011 and 2012 annual inflation to 5.1% and 3.6%, respectively, governor Mugur Isarescu said Thursday.

Ten EU Countries Maintain Labor Restrictions For Romanians, Bulgarians

11:57, 05 Mai 2011
Ten European Union member states will retain some labor restrictions for Romanian and Bulgarian workers, four years after Romania and Bulgaria joined the EU.

Romanian MEP Vadim Tudor Referred To Prosecution Office Over Allegedly False Income Statements

11:28, 05 Mai 2011
Romania’s integrity agency ANI has referred far-right Greater Romania Party leader and MEP Corneliu Vadim Tudor to the General Prosecutors’ Office for alleged false statements in declaring his income for 2006 - 2008.

Romanian Anticorruption Prosecutors Indict 69 Customs Workers

11:12, 05 Mai 2011
Romanian anticorruption prosecutors Thursday have indicted 69 customs workers and border police officers from three customs points in western Romania, accused of taking bribes of over EUR82,000 to turn a blind eye on cigarette smuggling from neighboring Serbia.

Romanian Senate Approves New Car Tax Formula

17:49, 04 Mai 2011
Romania's Senate on Wednesday approved a bill setting a new formula for the calculation of the car tax, which takes into account the vehicle's value according to brand, type and engine.

Romanian Financial Guard, Customs Authority To Remain Separate Bodies

16:54, 04 Mai 2011
The Romanian Financial Guard and Customs Authority will not be absorbed by government revenue service ANAF, which will be reorganized through layoffs and the closing of some regional offices, people close to the matter told MEDIAFAX.

Romanian PM Says 42,000 Work Contracts Signed Since New Labor Code Took Effect

16:11, 04 Mai 2011
Romanian Prime Minister Emil Boc said Wednesday 42,000 work contracts have been signed over the past two days, after authorities started checkups aimed to eliminate illegal jobs.

Switzerland Extends Labor Mkt Restrictions For Romanians, Bulgarians Until At Least 2014

14:56, 04 Mai 2011
Romanian and Bulgarian workers’ access to the Swiss labor market will continue to be restricted until at least 2014, after the country’s Federal Council confirmed Wednesday the extension of a transitional period imposed on citizens of the two EU countries, Swiss newspaper Le Matin reported online.

Fmr Customs Chief In NE Romania To Be Investigated At Large For Corruption

11:58, 04 Mai 2011
The High Court of Justice on Tuesday ruled that Aurel Anea, former chief of the Siret crossing point in northeastern Romania, and 44 border police officers indicted for corruption will be investigated at large.

Registrations Of Renault, Dacia Cars In Germany Dn 6% In April, To 12,900 Units

11:46, 04 Mai 2011
Registrations of Renault and Dacia cars in Germany fell 6% in April, to 12,900 units, while the overall German car market increased by 2.6%, to 266,300 cars, according to data released by Germany's motor vehicle department KBA.

Romania 1Q Tourist Arrivals Up 13.2% On Year

11:17, 04 Mai 2011
Tourist arrivals in Romania rose 13.2% in the first quarter compared with the year earlier period, while the number of tourists accommodated was up 12% on the year, the statistics institute INS said Wednesday.

Romania 1Q Adjusted Retail Sales -5.6% On Year

10:35, 04 Mai 2011
Romanian adjusted retail sales declined 5.6% in the first quarter of 2011 compared with the year-earlier period, on falling consumption in all sectors, the statistics institute INS said Wednesday.

Romanian Senate Committees Propose New Amendment To Bill Regulating Adoptions

19:14, 03 Mai 2011
The Romanian Senate committees for labor and legal matters on Tuesday adopted an amendment to a bill regulating adoptions, whereby couples living abroad can adopt a child two years after procedures are started if two requirements are met.

Moody’s: Romania Needs Structural Reforms, Performing State Cos

19:03, 03 Mai 2011
Romania's government must pursue structural reforms and improve state enterprise performance while maintaining the fiscal prudence that it embraced after the global crisis to fully-benefit from its economic ties with the European Union, Moody’s Investors Service said in a recent report.