English

Romanian Leu’s Exch Rate Weakens Slightly To 4.1865 Vs Euro

13:56, 15 Mart. 2011
Romania’s leu traded in ranges against the euro in mid session Tuesday and the central bank’s reference weakened slightly to 4.1865 units, from 4.1843 units a day earlier.

Romanian Tarom General Manager Resigns – Sources

13:15, 15 Mart. 2011
The general manager of Romanian state-owned airline operator Tarom resigned Tuesday and she will be replaced come April 1, people close to the matter told MEDIAFAX.

Romania Wants To Subsidize Diesel Price Hikes For Farmers

12:16, 15 Mart. 2011
Romanian Agriculture Minister Valeriu Tabara told a news conference Tuesday the ministry wants to subsidize price hikes for diesel fuel used in farming if it gets the approval of the European Commission.

Romanian President Willing To Shorten Term For Fewer Election Years

10:51, 15 Mart. 2011
Romanian President Traian Basescu said late Monday on public television TVR he would be willing to cut his term short one year so the country has fewer election years.

Romanian Subway Co Metrorex Signs Contract For Subway Sector Construction

17:57, 14 Mart. 2011
Romanian state-run subway company Metrorex signed a EUR215 million contract with a consortium led by Italian company Astaldi for the construction of Raul Doamnei- Eroilor sector of Bucharest’s new subway mainline.

Romanian Govt Transfers EUR90M To Local Auth, Most Run By Ruling Party

14:43, 14 Mart. 2011
Romania's Government has transferred around EUR90 million to local authorities, for infrastructure development projects and the construction of sports centers in rural areas, with most of the money going to units administered by the ruling Democratic Liberal Party (PDL).

Romania’s Current Account Gap Narrows To EUR15M In January

14:43, 14 Mart. 2011
Romania's current account deficit narrowed 86.5% to EUR15 million in January, from a gap of EUR111 million in the year-earlier month, as the trade balance turned to surplus, central bank data showed Monday.

Romania Leu’s Exch Rate Hits New 10-Mo High At 4.1843 Vs Euro

13:33, 14 Mart. 2011
Romania’s leu traded in ranges against the euro in mid session Monday and the central bank’s reference firmed nearly 0.5% on the day to a fresh 10-month high at 4.1843 units.

Romania January Trade Gap Narrows To EUR186.2M

10:11, 14 Mart. 2011
Romania’s trade deficit narrowed to EUR186.2 million in January, from nearly EUR473 million in the year-earlier month, the country’s statistics institute INS said Monday.

Romanian President Lays Out Constitution Revision Propositions At Ruling Party Meeting

22:03, 13 Mart. 2011
Romanian President Traian Basescu put on the table several Constitution revision propositions, which he wants to send to the Parliament, at a meeting with democrat liberal leaders on Sunday evening.

Romanian Organized Crime Prosecutors Detain Eleven Drug Dealers Following Raids

18:41, 13 Mart. 2011
Romanian organized crime prosecutors on Sunday detained eleven people accused of drug trafficking, following raids on several homes in capital Bucharest.

Romanian Deputy Proposes Excises On Soft Drinks

16:21, 13 Mart. 2011
Romanian democrat liberal deputy Petru Calian put forward a proposition to levy excise taxes on soft drinks containing sweetening agents.

Romanian President To Attend Talks On Govt Priorities Sunday

15:28, 13 Mart. 2011
Romanian President Traian Basescu will attend a meeting of ruling Democratic Liberal Party leaders scheduled for Sunday afternoon, president’s spokesman Valeriu Turcan told MEDIAFAX.

Romanian Mayor Arrested For Corruption

21:02, 12 Mart. 2011
Karoly Racz, mayor of Romania’s central city of Targu Secuiesc, has been placed under arrest for 29 days on charges of corruption.

No Romanian Killed In Japan Quake

15:28, 12 Mart. 2011
Romania’s Foreign Affairs Ministry said Saturday the country’s Embassy in Tokyo has received no information about Romanians being injured or left dead in the earthquakes that hit Japan over the past two days.

Three Romanian Border Police Officers Arrested In SW Romania

14:23, 12 Mart. 2011
Three Romanian border police officers in southwestern Romania were placed under 29-day preventive arrest Friday evening on charges of corruption and cigarette smuggling.

Romania Needs Coherent Policies, Reforms To Join Eurozone Around 2015 – Ctrl Bk

09:36, 11 Mart. 2011
Romania needs coherent fiscal and economic policies and continued reforms if it wants to adopt the European common currency sometime near the 2015 horizon, central bank governor Mugur Isarescu said Thursday.

Romanians Behind On Pension Contributions Risk Penalties

18:26, 10 Mart. 2011
Romanians who fail to pay their pension contributions for three consecutive months may risk contract termination under a draft decision the Labor Ministry has submitted for public debate.

Romania To Resume Green House Program In April

17:46, 10 Mart. 2011
Romania's "Green House" program, which aims to reduce the ecological footprint of homes, will resume in April, said Environment Minister Laszlo Borbely.

Erste Sees Oil Price Peaking At $150/Barrel

16:42, 10 Mart. 2011
The price of crude oil is not yet fully representative of the Middle East turmoil, so it will keep rising to some $150 per barrel, before falling down in the seond half, according to Erste group analysts.

Two Romanian Businessmen In 2011 Forbes List Of Billionaires

14:41, 10 Mart. 2011
Romanian businessmen Dinu Patriciu and Frank Timis have been included in this year’s wealthiest people list compiled by Forbes.

Romanian Supreme Court Rules Conservative Leader Voiculescu Secret Police Collaborator

13:23, 10 Mart. 2011
Romania's Supreme Court issued a final ruling Thursday, whereby former Conservative Party president Dan Voiculescu collaborated with the Securitate, the communist regime's secret police.

Romania’s February Inflation At 7.6%, Above Estimates

10:19, 10 Mart. 2011
Romanian consumer prices rose 0.77% in February from a month earlier, while the annual inflation accelerated to an unexpected 7.6%, the country’s statistics institute INS said Thursday.

Investors From USA, Canada, Austria, Israel Interested In Romanian Regional Hospital Proj

21:09, 09 Mart. 2011
Romania's Health Ministry has received official requests for more information on the regional emergency hospital network project from private investors in the United States, Canada, Austria and Israel, people close to the matter told MEDIAFAX.

Romanian Govt Reduces Length Of Adoption Procedures

18:40, 09 Mart. 2011
The Romanian Government on Wednesday decided to reduce the length of child adoption procedures.

Romanian Antitrust Body Asks Govt For Delay In Fuel Inquiry – Sources

18:36, 09 Mart. 2011
Romanian Competition Council asked the government to extend the deadline by which the authority had to present the conclusions of its investigation on the price increases on the local fuel market, people close to the matter told MEDIAFAX.

Romanian Govt Ups Justice Min Budget To Cover Pension Costs

18:29, 09 Mart. 2011
Romania's Government has increased the budgets of the Ministry of Justice, Foreign Intelligence Service (SIE) and Special Telecommunications Service (STS) by more than 35 million lei (EUR1=RON4.1902), to cover the higher pension fund contribution rates.

Romanian Insurers Might Hike Tariffs If Car Insurance Revenues Continue To Fall

15:28, 09 Mart. 2011
Romanian insurers will have to increase policy tariffs or reduce current spending if revenues on the car insurance segment continue to drop in 2011, insurer Allianz-Tiriac general manager Rangam Bir said Wednesday.

German TUI Group Unhappy With Prices On Romanian Coast

14:48, 09 Mart. 2011
The TUI group is unhappy with the services and prices on the Romanian Black Sea coast, but Tourism Minister Elena Udrea promised the German travel operator's representatives that she will try to solve some of the problems.

Romanian Economy Ready To Start Anew – Ctrl Bk Head

12:59, 09 Mart. 2011
Romanian economy is ready to enter a new growth cycle, after more than two years of recession, but the authorities must take things “slowly” to avoid a possible relapse, central bank governor Mugur Isarescu said Wednesday.

Romanian Rompetrol Ups Fuel Pump Prices By RON0.09 Per Liter

12:53, 09 Mart. 2011
Romanian oil company Rompetrol increased fuel pump prices Wednesday by up to 0.09 lei (EUR1=RON4.1869) per liter, a day after OMV Petrom (SNP.RO) operated a similar increase.

Romanian Interior Ministry Says Only 9,000 Ministry Employees To Be Laid Off

12:51, 09 Mart. 2011
Romanian Interior Minister Traian Igas said Wednesday only about 9,000 people will be laid off from the ministry this year, denying plans to sack double that number.

Romanian Mandatory Car Insurance Revenues Top Voluntary Policies In 2010

12:31, 09 Mart. 2011
Revenues on the Romanian mandatory civil liability car insurance RCA segment exceeded voluntary car insurance CASCO underwritten premiums in 2010, for the first time in the past ten years.

Romania Ctrl Bk Needs Lower Oil Prices To Meet Inflation Target

12:10, 09 Mart. 2011
Romania’s central bank is not confident the inflation will enter the target interval too soon, but it counts on a decrease in crude oil prices, governor Mugur Isarescu said Wednesday.

Romanian Opp Read Out No-Confidence Motion In Parliament

11:35, 09 Mart. 2011
Romania's opposition is reading out a no-confidence motion in Parliament Wednesday, arguing the Government, which sought lawmakers’ vote of confidence to pass the country’s new Labor Code, needs to be overthrown.

Romanian Govt Approves Bill Cutting Interior Ministry Budget Spending

19:03, 08 Mart. 2011
The Romanian Government on Monday approved a bill aiming to cut Interior Ministry budget spending and reduce staff numbers, people close to the matter said Tuesday.

Romanian Opp Submits No-Confidence Motion Over Labor Code

14:50, 08 Mart. 2011
Romanian opposition lawmakers on Tuesday submitted a no-confidence motion in an attempt to oust the Government, which sought a vote of confidence to pass the new Labor Code.

Romanian Leu Hits Fresh 10-Month High At 4.1869 Vs Euro

13:37, 08 Mart. 2011
Romania’s leu surged against the euro in mid-trade Tuesday on a positive sentiment in the international markets and the central bank’s reference rate gained almost 0.5% to 4.1869 units, from 4.2065 units in the previous day.

Romanians Who Failed To Insure Homes By Jan 15 Risk Fines

13:37, 08 Mart. 2011
Romanian homeowners who did not insure their homes by January 15, 2011, either through mandatory or voluntary insurance policies, may be fined 100 lei (EUR1=RON4.1869) to RON500 by local authorities, Pool of Insurance against Natural Disasters (PAID) general manager Marius Bulugea said Tuesday.

Flood Damages In Romania Exceeded EUR3B In 2005-2010

13:10, 08 Mart. 2011
Damages caused by floods in Romania exceeded EUR3 billion in the 2005-2010 interval, Pool of Insurance against Natural Disasters (PAID) general manager Marius Bulugea said Tuesday.