English

Romanian Govt To Assign RON35B To Investments This Year, RON45B In 2012

14:36, 15 Apr. 2011
Romania’s Government will assign 35 billion lei (EUR1=RON4.0966) for investments this year and the sum will be increased to RON45 billion next year, Prime Minister Emil Boc told a news conference Friday.

Romanian Public Road Authority Claims EUR40M In Penalties From Contractors

14:05, 15 Apr. 2011
Romania's public road authority CNADNR claimed penalties of about EUR40 million, between September 2010 and March 2011, from nine domestic and foreign companies, including Colas, FCC Construccion and Astaldi, for various violations.

Romania Posts Highest Annual Inflation In EU For 8th Straight Month

13:58, 15 Apr. 2011
Romania maintained the highest inflation in the European Union for the eighth month in a row in March, while the EU's average rate was stable at 2.7%, statistics office Eurostat said Friday.

Stolen Dacian Artifacts To Be Returned To Romania In May – Min

12:42, 15 Apr. 2011
Romanian Culture Minister Kelemen Hunor said Friday the Dacian artifacts illegally taken out of Romania and recovered by German authorities will be returned to Romania “sometime in May”.

Romanians Called 112 Emergency No. 4.8 Million Times In 1Q, 74% Of Calls False

12:06, 15 Apr. 2011
Romanians called the 112 emergency number 4.8 million times in the first quarter of the year, and 25.9% of calls were real and 74.1% false, according to data released by the Special Telecommunications Service (STS).

CJEU Dismisses EC Action Against Romania Over Wild Bird Conservation

21:24, 14 Apr. 2011
The Court of Justice of the European Union has ruled inadmissible the European Commission's action against Romania for its failure to provide protection for wild birds, Bogdan Manoiu, head of the Department for European Affairs, told MEDIAFAX on Thursday.

Wizz Air Romania To Reduce Operations In Cluj-Napoca, Move Flights To Targu Mures

16:34, 14 Apr. 2011
Low-cost airline Wizz Air will reduce its transport capacity on Romania's Cluj-Napoca International Airport by 26% as of May 5, moving its operations to the Targu Mures Airport, because of new and increased airport taxes.

Romanian Clunkers Program Available For Electric Car Buyers Starting Next Week

14:59, 14 Apr. 2011
Romania’s 2011 edition of the cash for clunkers program will also be available, starting next week, for those who want to buy electric vehicles, Environment Minister Laszlo Borbely said Thursday.

About 100 Unionists Picket Romanian Health Ministry Over Closed Hospitals

14:18, 14 Apr. 2011
About 100 unionists affiliated with the Sanitas union in the healthcare system are picketing the Health Ministry Thursday over authorities’ decisions to shut down dozens of local hospitals countrywide and turn them into nursing homes.

Romanian Film „Loverboy” To Compete In Un Certain Regard Section At Cannes

13:54, 14 Apr. 2011
The film "Loverboy" by Romanian director Catalin Mitulescu has been selected to compete in the Un Certain Regard section of the Cannes Film Festival (May 11-22), organizers announced Thursday.

Romanian Integrity Agency Asks Prosecutors To Investigate Fmr Education Min Adviser

12:24, 14 Apr. 2011
The Romanian National Integrity Agency (ANI) asked anticorruption prosecutors to investigate Melania Vergu, former adviser of the education minister, after it found she misused EU funds granted to her project.

Romania Offers To Help Italy By Hosting 200 Tunisian Immigrants

12:13, 14 Apr. 2011
Romanian President Traian Basescu called Italian Prime Minister Silvio Berlusconi saying Romania could host 200 Tunisian immigrants, according to a statement published Wednesday on the Italian government’s website.

Romanian PM: Govt To Deregulate Energy Mkt According To Calendar

20:43, 13 Apr. 2011
Romania's Government will deregulate its energy market by 2015, following a calendar agreed upon with the International Monetary Fund and the European Commission, Prime Minister Emil Boc said Wednesday.

Romanian PM Asks Whether Fuel Prices Can Be Frozen

20:42, 13 Apr. 2011
Romanian Prime Minister Emil Boc has asked the Competition Council and Department for European Affairs to check whether fuel prices can be frozen in Romania on the basis of a law providing such an exception, but adopted before joining the European Union.

Russia’s Sberbank Leaves Romania Out Of Volksbank Deal – Sources

16:17, 13 Apr. 2011
Russian leading bank Sberbank has decided not to include Volksbank Romania in a deal to buy the Central and Eastern European units of Austria’s Volksbank AG to avoid relocating headquarters, people familiar with the matter told MEDIAFAX.

Romanian Govt To Shut Down Illegal Buildings On Black Sea Coast, Raise Fines

15:46, 13 Apr. 2011
Romania's Government plans to close every illegal building, whether completed or under construction, on the Black Sea Coast and will increase the fines for such buildings ten times.

Romanian Carmaker Dacia To Cease Production In April 22 – May 2

15:30, 13 Apr. 2011
Romanian carmaker Dacia will cease production at the car plant in Mioveni, southern Romania, between April 22 and May 2, due to shortages of car parts, Renault Romania director of communications Anca Oreviceanu told MEDIAFAX Wednesday.

About 70% Of Romanians Would Rather Buy A Home Than Pay Rent – Poll

12:17, 13 Apr. 2011
About 70% of Romanians would rather buy a home than rent one and most prefer three-room apartments, but nearly half of them can only afford a down payment of less than EUR10,000 for a home, according to a poll by property website imobiliare.ro.

Romania’s Current Account Deficit Shrinks To EUR44M In Jan-Feb

11:23, 13 Apr. 2011
Romania's current account deficit narrowed to EUR44 million in January to February, from a gap of EUR747 million in the year-earlier period, on a much lower trade deficit, central bank data showed Wednesday.

Romania Central Bank To Raise Inflation Forecast In May

18:47, 12 Apr. 2011
Romania’s central bank will revise upward its forecast for the year-end inflation at a quarterly report due May, prompted by surging global food and oil prices, said Adrian Vasilescu, adviser to the central bank governor.

IMF: Romania Gross Govt Debt Up To 37.8% Of GDP In 2011

18:29, 12 Apr. 2011
Romania’s gross general government debt is likely to increase to 37.7% of the gross domestic product in 2011, from 35.2% a year earlier, the International Monetary Fund said in a report Tuesday.

Romanian Govt Suspends Certified Tax Statement Obligation

17:25, 12 Apr. 2011
Romania's Government has decided not to require companies to certify their yearly tax statements until January 1, 2013, so as to relieve the taxpayers of this additional cost and avoid cases when these statements are not filed at all.

Romanian Govt May Reject “Unusually Low” Public-Private Auction Bids – Draft

17:19, 12 Apr. 2011
The Romanian Government may reject bids submitted on auctions awarding public-private partnership contracts, if the respective offers are “unusually low” and if data show investors will not be able to meet requirements.

Romanian Competition Auth To Complete Fuel Mkt Probe By Midyear

15:04, 12 Apr. 2011
The Romanian Competition Council’s investigation of the local fuel market should be complete in the first half of the year, and the results will be sent to the European Commission, the authority's president Bogdan Chiritoiu said Tuesday.

Romanians Remain Pessimistic About Economy – Poll

14:43, 12 Apr. 2011
Romanians remain most pessimistic about the state of the economy, with over 50% saying the crisis will not end for another two to five years, according to a survey from market researcher ISRA Center.

Romania’s Oltchim Could Take Over Remaining Activities At Arpechim

14:12, 12 Apr. 2011
Romania’s Economy Ministry Tuesday said chemical plant Oltchim (OLT.RO) might take over the entire activity at troubled supplier Arpechim, after the refinery was shut down because of lack of demand.

Romanian Govt Plans To Increase Waste Recycling Rate

14:10, 12 Apr. 2011
Romania currently recycles only 1% of its waste and the 50% recycling target set for 2020 cannot be reached, so the Government will put forward a new waste management law, which will include new taxes.

Romania Awards RON3.5B Contracts For Highway Constructions

14:06, 12 Apr. 2011
Romania’s public roads authority CNADNR has awarded construction contracts worth a total 3.45 billion lei (EUR1=RON4.1152) for four highway sections in the western part of the country, the authority said Tuesday.

Franklin Templeton Says Romania Could Attract EUR3.5B By Listing Nuke, Hydropower Plants

13:57, 12 Apr. 2011
Romanian state-owned power producers Hidroelectrica and Nuclearelectrica could draw funds worth a total EUR3.5 billion when floating stock on the bourse, Monday said Greg Konieczny, manager of investment fund Fondul Proprietatea (FP.RO), which holds minority stock in the two companies.

Romanian President Traian Basescu On Official Visit To Estonia

11:53, 12 Apr. 2011
Romanian President Traian Basescu and his wife Maria Basescu arrived Tuesday in Tallinn, Estonia, for an official visit at the invitation of Estonian President Toomas Hendrik Ilves.

IMF Sees Romanian Inflation At 4% In December 2011

18:21, 11 Apr. 2011
The International Monetary Fund estimates Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s target, according to the fund’s latest World Economic Outlook report.

Romanian Rail Co CFR Marfa To Lay Off 3,000 Employees As Of June 1 – Union Leader

17:52, 11 Apr. 2011
Romanian state-run rail cargo carrier CFR Marfa has informed the labor unions and the Labor Inspection about its plan to lay off 3,000 employees as of June 1, said union leader Iulian Mantescu.

Work On Hwy Sector In SE Romania To Be Resumed By Yearend – Transport Minister

17:29, 11 Apr. 2011
Romania’s national roads authority CNADNR will hold a new auction in May to award a construction contract for the highway sector linking Cernavoda to Medgidia, after it cancelled the contract with French constructor Colas, Transport Minister Anca Boagiu said Monday.

EU Discusses Romania, Bulgaria’s Possible Schengen Accession Tuesday

14:29, 11 Apr. 2011
The EU Commission for Home Affairs will discuss Tuesday Romania and Bulgaria's possible Schengen entry, Novinite.com reported.

Romania’s Population Decreased By 6,786 People In Feb 2011

13:40, 11 Apr. 2011
Romania's population decreased by 6,786 people on the month in February 2011, according to data released Monday by the National Statistics Institute (INS).

Bucharest Apartment Rents Fall By Up To 14% In 1Q – Survey

13:05, 11 Apr. 2011
The rents for apartments in Romania’s capital city Bucharest dropped by up to 14% in the first quarter compared with the same period of 2010, with the largest fall in case of three-room flats, according to a survey of real estate website AnunturiParticulari.ro.

Capital Economics: Romanian Economic Recovery ‘Two Speed And Bumpy’

12:55, 11 Apr. 2011
Romanian economic recovery remains “two-speed and bumpy”, with industrial output boosted by external demand, while domestic recovery lags behind, a survey from Capital Economics showed.

Romanian Mihai Necolaiciuc, Wanted For Fraud, To Be Deported To Romania Soon – Lawyer

12:11, 11 Apr. 2011
Romanian Mihai Necolaiciuc, wanted for embezzlement, will be handed over to Romanian authorities in a few days, as U.S. secretary of state Hillary Clinton signed his extradition decree, Gheorghita Mateut, Necolaiciuc’s lawyer, said Monday.

Romania Inflation Hits 31-Month High In March

10:11, 11 Apr. 2011
Romanian consumer prices rose 0.6% in March from a month earlier, while the annual inflation accelerated to an unexpected 8.01%, the highest level since August 2008, the country’s statistics institute INS said Monday.

Romania Jan-Feb Trade Gap Narrows To EUR582.4M

10:10, 11 Apr. 2011
Romania’s trade deficit narrowed to EUR582.4 million in the first two months of 2011, from EUR1.1 billion in the year-earlier period, the country’s statistics institute INS said Monday.