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Sony Names New Country Head For Romania

11:04, 07 Feb. 2011
Japanese electronic equipment maker Sony named Tomohiro Nakashima to run the company’s operations in Romania, replacing Taiju Ishikawa, who will further coordinate Sony’s activity in the Czech Republic and Slovakia.

Romania 2010 Indus Sales +12% On Year

10:51, 07 Feb. 2011
Romanian industrial sales rose 12% in 2010 from a year earlier, largely fueled by a 13% increase in the manufacturing industry, the country’s statistics institute INS said Monday.

Romania Won’t Draw Last EUR1B From IMF Loan –President

21:21, 06 Feb. 2011
Romania won’t draw the last tranche from a EUR13 billion loan from the IMF, due to positive economic developments, President Traian Basescu said Sunday evening, adding the country will draw the last tranche of its loan from the EU.

Transylvania International Film Festival Held On June 3-12

15:53, 06 Feb. 2011
The tenth annual edition of the Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, northwestern Romania, according to the festival’s official website.

Romania Risks EU Sanctions Unless It Transfers Railway Supervision Body From Transport Ministry

15:06, 06 Feb. 2011
Romania’s Government will transfer a railway sector supervision body to the Competition Council from the Transport Ministry to avoid an infringement procedure from the European Union.

Romanian Senators Draft Bill Obliging Public Office Candidates To Undergo Psychiatric Examinations

14:42, 06 Feb. 2011
Five Romanian senators have drafted a bill requiring psychological and psychiatric examinations of all candidates for public office, including presidential candidates.

Widows Of Miners Killed In Romanian Coal Mine Blast To Get Jobs At National Coal Company

13:42, 06 Feb. 2011
The widows of the five miners killed in a methane explosion Saturday at the coal mine in Uricani, southern Romania, will get jobs at the Natioanl Coal Company CNH, said Labor Minister Ioan Botis.

Bucharest Bourse GM Doesn’t Want Proprietatea Fund Listed On Other Mkts

18:06, 05 Feb. 2011
The general manager of the Bucharest stock Exchange, Valentin Ionescu, said Saturday he doesn’t want investment fund Fondul Proprietatea (FP.RO) listed on other stock markets because it’s an issuer than can help consolidate the local market.

Romanian Agric Min Says It’s Inadmissible That Romania Imports Milk, Dairy

15:28, 05 Feb. 2011
Romanian Agriculture Minister Valeriu Tabara told a news conference Saturday it is inadmissible Romania has come to import milk and dairy products that aren’t always of the highest quality.

Romanian Liberals, Conservatives Approve Alliance With Social Democrats

14:02, 05 Feb. 2011
The leadership bodies of Romania’s opposition Liberal and Conservative parties on Saturday approved with a wide majority of votes the creation of an alliance with the Social Democratic Party.

Judas Priest Include Romania In Last World Tour

12:34, 05 Feb. 2011
Judas Priest return to Romania for a concert on July 3 at Romexpo in capital Bucharest, according to the band’s official website.

Romania Won’t Require Split From Bulgaria For Schengen Entry – President

11:59, 05 Feb. 2011
Romanian President Traian Basescu said Friday Romania will not ask to be considered for Schengen separately from Bulgaria, even though reports show Romania has met all technical criteria and Bulgaria hasn’t, the president’s office said in a press release Saturday.

Romania Pleads To Include Serbia, Moldova In EU Single Energy Market

11:44, 05 Feb. 2011
Romanian President Traian Basescu said Friday at the European Council meeting in Brussels that non-EU countries like Serbia and the Republic of Moldova should be connected to the EU’s single energy market, which is set to be established by 2014 the president’s office said in a press release Saturday.

Romania Registered Three AH1N1 Deaths In End-Jan

17:32, 04 Feb. 2011
Three people died in Romania in the last week of January because of A/H1N1 flu, while another 40 have been confirmed infected with the virus, with outbreaks reported in Bucharest and the counties Iasi, Bacau, Constanta, Prahova and Mures, according to the National Public Health Institute.

Romanian PM Calls For Shared Responsibility In Absorbing EU Funds

15:07, 04 Feb. 2011
Romanian’s Prime Minister Emil Boc said Friday the Government and the business environment must share responsibility concerning the absorption of European funds.

ING Says Inflation Could Top 6% End-December

14:30, 04 Feb. 2011
Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday.

Most Romanian Insurers Unable To Cope Financially With Strong Earthquake

14:22, 04 Feb. 2011
Most insurers on the Romanian market are not prepared financially for a new earthquake like the one in Bucharest in 1977, mainly because of the lack of reinsurance, said Cristian Constantinescu, president of the National Union of Romanian Insurance and Reinsurance Companies (UNSAR).

Romania’s December Net Salary Up 8.6% M-M At RON1,496

10:53, 04 Feb. 2011
Romania’s net average salary in December was at 1,496 lei (EUR1=RON4.2609), up 8.6% compared with the previous month, due to granting of bonuses, for vacations or the winter holidays, production increases, and to returning from furlough, the country's statistics institute said Friday.

Medical Services Requested By Patient Not Covered By Insurance – Draft

20:32, 03 Feb. 2011
Romanians insured through the public healthcare system will have to pay out of pocket for medical services they request themselves, as doctors will not be allowed to write notes or prescriptions for free/discounted medicine in such instances.

Romanian Opp Parties Come Together In „Social-Liberal Union” – Sources

18:53, 03 Feb. 2011
The leaders of Romania's Social Democratic Party (PSD), Liberal Party (PNL) and Conservative Party (PC) have decided that the alliance of the three parties will be called the Social-Liberal Union, people close to the matter told MEDIAFAX.

Transylvania Highway Construction Work To Continue In 2011 – Romanian PM

17:28, 03 Feb. 2011
Romanian Prime Minister Emil Boc said Thursday that construction work on the Transylvania Highway will continue this year on two sectors, namely Gilau-Nadaselu and Suplacu de Barcau.

Romanian Govt “Firmly” Rejects Immediate Gas Price Deregulation

15:55, 03 Feb. 2011
The Romanian Government “firmly” rejects the liberalization of gas prices at this time, since this is a measure to be implemented gradually, Thursday said Karoly Borbely, secretary of state within the Economy Ministry.

Romanian Finance Ministry To Reduce Paperwork Filed By Small Businesses

14:40, 03 Feb. 2011
Romania's Ministry of Public Finance plans to reduce the paperwork required from small enterprises and allow them more time to file tax statements, state secretary Dan Lazar said Thursday in a seminar hosted by daily paper Ziarul Financiar.

Monitored Romanian Cos’ Budget Debts Up 34% In 2010, At RON6.86B

14:38, 03 Feb. 2011
The debts to the state budget of the Romanian state-run companies monitored by the International Monetary Fund rose 34% in 2010, at 6.86 billion lei (EUR1=RON4.2609), with the highest debtor remaining hard coal mining company CNH, followed by railway company CFR.

WB To Lend Romania EUR750M For Healthcare, Social Assistance Reform

14:32, 03 Feb. 2011
The World Bank will grant Romania a EUR750 million loan for two projects aimed to reform the healthcare and social assistance sectors.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

13:28, 03 Feb. 2011
Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the sixth consecutive time as it continues to battle a high inflation.

Romanian President To Attend European Council Meeting Friday

13:25, 03 Feb. 2011
Romanian President Traian Basescu on Friday will participate in the meeting of the European Council in Brussels, the Presidency said in a press release Thursday.

WB Unlikely To Revise Romania 2011 GDP Forecast After Review Mission

13:23, 03 Feb. 2011
The conclusion of the World Bank’s review mission on Romanian economic and fiscal progress under a EUR20 billion international bailout will not prompt a revision of the country’s growth forecast for 2011, an official of the World Bank said Thursday.

Romania Dec ’10 Retail Sales Fall At Fastest Pace In EU

13:21, 03 Feb. 2011
Romanian retail sales fell 9.4% on the year in December 2010, the largest decline in the European Union, official data showed Thursday.

VAT Cut Not An Option For Romania – Fin Min Off

12:03, 03 Feb. 2011
Reducing the value added tax is not a good solution for Romania, as it will not lower prices, but it will have a negative effect on the predictability of the fiscal framework, Finance Ministry state secretary Dan Lazar said Thursday.

Tourist Arrivals In Romania Fall 0.7% In 2010

10:13, 03 Feb. 2011
The number of tourists entering Romania was 0.7% lower in 2010 compared with a year before, while the number of tourists accommodated was down 7.1%, the National Statistical Institute, or INS, said Thursday.

Romanian Govt Cannot Decide Gas Prices – PM

20:16, 02 Feb. 2011
Romania’s Government can't set prices of natural gas, given that energy regulator ANRE is an independent institution, but it can only interfere in abuse cases by indirect checkups, Prime Minister Emil Boc said Wednesday.

Romanian Govt Approves Micro-Business Start-Up Aid Act

19:00, 02 Feb. 2011
Romanians younger than 35 will be eligible for up to EUR10,000 as non-refundable financing to start their own micro-company, as long as they hire at least two employees and reinvest 50% of their profit every year, as per an emergency ordinance approved by the Government on Wednesday.

Romania Ranks 7th In EU By Installed Wind Farm Capacity In 2010

16:33, 02 Feb. 2011
Romania posted the seventh growth in installed wind power capacity among the European Union member states in 2010, namely a 448-megawatt increase to a total of 462 MW, according to a report of the European wind energy association EWEA.

Apartment Prices In Romania’s Main Cities +2.5% MM In Jan – Survey

15:18, 02 Feb. 2011
The sale price of apartments in Romania’s seven largest cities increased by up to 2.5% on the month in January, as owners’ optimism was fueled by the rising interest of potential buyers, according to a survey of property website imobiliare.ro.

Romanian Senate Committees OK Bill To Change The Term ‘Roma’ To ‘Gypsy’

13:36, 02 Feb. 2011
The Romanian Senate’s committees for human rights and equal opportunities endorsed Wednesday a bill initiated by democrat liberal lawmaker Silviu Prigoana proposing to replace the term “Roma” with “gypsy”.

PwC: Romanian New Employments Down 75% YY In ’09

17:53, 01 Feb. 2011
The rate of new employments in Romanian companies dropped by 75% on the year in 2009, because of the economic crisis, while dismissals septupled, according to a survey by consultancy firm PricewaterhouseCoopers.

Romanian Dacia Car Registrations In France Up 2.5% In Jan, To 7,749 Units

16:58, 01 Feb. 2011
Registrations of Romanian Dacia cars in France increased by 2.5% in January 2011 compared to the same month last year, to 7,749 units, and the overall French car market climbed 8.2%.

Over 180 Romanian Healthcare Units To Be Reorganized

14:24, 01 Feb. 2011
Romania’s Health Minister Attila Cseke told a news conference Tuesday that 111 healthcare units of the 435 hospitals administered by the ministry and local authorities will merge and 71 will become nursing homes or permanent assistance units.

Romania Forex Reserves Rise To EUR32.7B In January

14:03, 01 Feb. 2011
Romanian foreign exchange reserves rose to EUR32.69 billion in January, after the International Monetary Fund released a seventh installment of a EUR13 billion stand-by loan, central bank data showed Tuesday.