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Romania To Float 20% In CFR Marfa By Yearend

16:36, 10 Mai 2011

Romania's Government will offer a 20% stake of state-owned railway company CFR Marfa by initial public offering, "with a view toward full privatization when market conditions permit," says the letter of intent agreed upon with the International Monetary Fund.

Romania Plans To Sell At Most 20% In Airline Tarom

16:29, 10 Mai 2011

Romania’s Government plans to sell 20% in national airline Tarom either on the stock exchange or to a strategic investor by the end of 2011, according to the draft letter of intent agreed with the International Monetary Fund.

Romania’s Top-40 State-Owned Companies To Hire Private Managers

14:47, 10 Mai 2011

Romania’s largest 30 to 40 state-owned companies will have private management, and the government will employ an internationally acknowledged head hunting firm for executive selection, according to Jeffrey Franks, the head of the IMF delegation to Romania.

King Michael Of Romania Renounces Ties To House Of Hohenzollern

13:52, 10 Mai 2011

King Michael of Romania announced Tuesday he is renouncing his historic and dynastic ties to the House of Hohenzollern, as well as the titles "Hohenzollern-Sigmaringen."

Romanian Leu Gains 0.4% Vs Euro, Exchange Rate At 4.0885

13:40, 10 Mai 2011

The Romanian leu extended early gains against the euro in mid-session Tuesday, and the central bank's reference strengthened to 4.0885 units, from 4.1039 units in the previous day.

Romanian Social Homes Might Be Sold For Closer To Market Value

13:19, 10 Mai 2011

Romanian authorities might be able to sell public housing for a price determined by an expert evaluator, closer to the home's regular market price, as per a Government-sponsored bill changing the way the sale value of social homes is calculated.

Romania Vows Before IMF To Slash Heating Aid, Bills May Soar

13:09, 10 Mai 2011

Romania's government committed in the latest talks with the International Monetary Fund to eliminate the thermal energy subsidy in the near future, which could increase household heating bills by up to 60% by the end of the year, depending on the mayoralties' capacity to cover the difference.

Romania To Sell More Than 10% In Nuclearelectrica, Hidroelectrica

12:54, 10 Mai 2011

Romania will sell more than 10% in state-owned energy producers Nuclearelectrica and Hidroelectrica, an International Monetary Fund official told MEDIAFAX in an interview.

Vicinity To Home Or Workplace, Prices – Romanians’ Main Store Choice Criteria

12:38, 10 Mai 2011

Most Romanians choose the stores where they spend the largest amount of money considering the stores’ location, whether they are close to or far from their home or workplace, as well as prices, according to a survey conducted by GfK.

Requests To Hike Gas Prices Are Justifiable – Romanian Energy Watchdog

11:54, 10 Mai 2011

Natural gas suppliers operating in Romania are entitled to request the increase of regulated prices and the use of reserves for several industrial consumers, according to a document of the local energy regulator ANRE.

Romania 1Q Trade Gap Narrows To EUR1.4B

10:44, 10 Mai 2011

Romania’s trade deficit narrowed to EUR1.4 billion in the first quarter, from EUR2 billion in the year-earlier period, the country’s statistics institute INS said Tuesday.

Romania Inflation Hits 32-Month High In April

10:12, 10 Mai 2011

Romanian consumer prices rose 0.66% in April from a month earlier, while the annual inflation accelerated to 8.34%, the highest level since July 2008, the country’s statistics institute INS said Tuesday.

Romanian Soldier Killed During Mission In Afghanistan

09:56, 10 Mai 2011

A Romanian soldier was killed Tuesday morning during a mission in Zabul province, in Afghanistan, the Romanian Defense ministry said in a statement.

Romanian Senate Tacitly Adopts Postal Voting Bill

19:03, 09 Mai 2011

The Romanian Senate on Monday adopted tacitly a bill introducing postal voting for Romanians abroad, which was put forward by several ruling democrat liberal lawmakers.

Romanian Fmr Gymnast Lavinia Milosovici To Join International Gymnastics Hall Of Fame

14:05, 09 Mai 2011

Romanian former gymnast Lavinia Milosovici will be honored at the 15th annual International Gymnastics Hall of Fame Ceremony, which will take place on May 14, 2011, at the Petroleum Club in Oklahoma City (USA), said the organizers of the event.

IMF Says Tax Cuts In Romania Not Possible On Short-Term

13:55, 09 Mai 2011

Romania can’t afford to reduce its main taxes in the coming years, because the measure would entail substantial spending cuts in the public system, an official of the International Monetary Fund said Monday.

Romania Needs More Data Before Cutting Social Security Taxes – IMF

13:23, 09 Mai 2011

Romania and the International Monetary Fund have agreed to wait for additional fiscal data before deciding on a potential cut in social security contributions, IMF mission head Jeffrey Franks said Monday.

IMF: Romania To Free Gas Prices Gradually By 2015

13:21, 09 Mai 2011

Romania will free the natural gas market in stages by 2013 for companies and between 2013 and 2015 for household consumers, Monday said Jeffrey Franks, the head of the IMF delegation to Romania.

IMF: Romania Central Bank May Need To Adjust Monetary Policy

11:55, 09 Mai 2011

Romanian central bank may need to adjust its monetary policies to tackle rising food and fuel prices and reach its inflation target for 2012, an official of the International Monetary Fund said Monday.

Romania Unlikely To Tap Into IMF Funds In 2011 – Mission Head

11:18, 09 Mai 2011

Romania is highly unlikely to access the funds made available through a EUR5 billion precautionary deal from the International Monetary Fund and the European Union in 2011, IMF mission chief Jeffrey Franks said Monday.

IMF: Romania To Sell Large Stakes In Key Energy Companies

10:51, 09 Mai 2011

Romanian authorities will make the necessary arrangements to sell “significant stakes” in several key energy companies in the coming months, including nuclear power company Nuclearelectrica and gas pipeline operator Transgaz, an official of the International Monetary Fund said Monday.

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.