romania

Lanţul american de restaurante fast-food Subway vrea să intre pe piaţa din România

Lanţul american de restaurante de tip fast-food Subway a anunţat că intenţionează să intre pe piaţa din România şi să dezvolte afacerile din Croaţia în 2010, pentru a extinde prezenţa companiei în Europa Centrală şi de Est.

TUI Nordic Officials To Evaluate Romanian Seaside Potential End-May

Officials of Scandinavian tour operator TUI Nordic, subsidiary of German Group TUI, will visit the Romanian Black Sea Coast at the end of May to discuss with Romanian officials the possibility of resuming operations on the local tourism market as of 2011, TUI Romania general manager Tim Grosse said.

Romania To Receive RON198M In EU Non-Reimbursable Funds For Tourism Investments

Romania’s Agency for Rural Development and Fishing APDRP will contract 269 tourism investment projects, which were shortlisted for funding via the National Rural Development Plan and will receive European Union non-reimbursable funds of 198 million lei (EUR1=RON4.1305).

A New Romania-IMF Agreement Can Ease Financing On Private Mkt – IMF Official

A new agreement between Romania and the IMF can ease financing on the private market, even if Romania does not use the funds available under the agreement, as this will show investors that the state is on the right path, said Jeffrey Franks, head of the IMF mission to Romania.

Romania’s Public Sector Adjustment Takes Longer In Democracy, But Will Be Achieved – IMF Official

Romania’s public sector adjustment takes longer, as talks and debates require time in a democratic regime, but it shall be achieved, said Jeffrey Franks, head of the IMF mission to Romania.

Romania Sends Experts To Singapore To Study Evidence Against Fmr Romanian Envoy

Romania will send representatives to Singapore to study the evidence that has come up against former Romanian envoy to Singapore blamed for a fatal hit-and-run accident in Bukit Panjang, The Straits Times reported Friday.

Romania, Moldova To Sign Treaty On Border Statute, Collaboration On Border Issues

Romania and the Republic of Moldova will sign a treaty regarding border statute, mutual support and collaboration on border issues, said Igor Corman, president of the Commission for Foreign Policy and European Integration of the Moldovan Parliament, cited by Moldpres on its website.

Romania Keeps Singapore Updated On Steps Taken In Criminal Case Of Fmr Envoy Ionescu – FM

Romania’s ambassador to Singapore Aurelian Neagu informed Singapore’s Foreign Ministry of the steps taken by the Romanian authorities for a lawful investigation of former Romanian envoy to Singapore Silviu Ionescu blamed for a hit-and-run accident in December, Romania’s Foreign Ministry said Friday.

Swedish Saab To Withdraw From BSDA Exhibition Over Romania’s Choice Of F-16 Fighter Jets

Swedish aerospace and defense group Saab decided to call off its participation with Gripen multirole fighter aircrafts in the Black Sea Defense & Aerospace (BSDA) exhibition organized in April after it learned of Romania’s plans to purchase used F-16 fighter jets.

FIFA World Cup Trophy Arrives In Romania

The FIFA World Cup Trophy arrived in Romania Tuesday evening for the first time, as part of a 225-day world tour organized by Coca-Cola in 86 states on five continents.

Din „centura de siguranţă” am ajuns cel mai mare datornic la FMI

Iniţial era vorba de o centură de siguranţă pentru vremurile grele care aveau să vină. Ulterior, împrumutul FMI a ajuns să fie crucial pentru plata salariilor şi a pensiilor iar România este în acest moment cel mai mare datornic la FMI, scrie BUSINESS Magazin.

About 37,500 Romanians Spent Easter In Country’s Tourist Resorts, Dn 25% Compared To 2009

The number of Romanians who spent Easter in the country’s authorized boarding houses decreased by about 25% this year, to 37,500 million tourists, and the average price paid for tourism services was down 20% compared to 2009, the Romanian Tourism Employers’ Federation said in a press release Monday.

Romania’s Major Political Objective Is To Join Schengen Area – PM

Romanian Prime Minister Emil Boc said Saturday Romania’s major political objective after it acceded to the European Union and NATO is to join the Schengen area in March 2011, adding Romanian authorities will do their utmost to accomplish this goal.

Romanian Officials Took Bribe From Turkish Daimler Subsidiary – US Justice Dept

German carmaker Daimler AG has been charged with violating United States bribery laws, after it was revealed that a Turkish branch had been buying off government officials in several countries, including Romania, in order to score business deals.

Fmr Romanian Envoy Unlikely To Face Charges In Singapore Over Hit-And-Run – Ambassador

Lifting diplomatic immunity for former Romanian envoy to Singapore Silviu Ionescu is unlikely, because Romania and Singapore don’t have an extradition treaty, The Straits Times reported Thursday, citing Romania’s Tokyo-based Ambassador to Singapore Aurelian Neagu.

Mikhail Gorbachev Comes To Bucharest For Local Paper Launch On April 14

Former and last President of the Soviet Union, Mikhail Gorbachev, will come to Romanian capital Bucharest on April 14 to attend the launch of local paper Puterea, project manager Adrian Thiess told MEDIAFAX Wednesday.

Romanian PM Calls On Moldova To Strictly Apply Small-Scale Border Agreement

Romania militates for active talks this year on concluding an agreement of free trade and visa liberalization with the Republic of Moldova, which must seriously apply the Agreement on Small-Scale Border Traffic recently concluded with Romania, Prime Minister Emil Boc said Wednesday.

U.S. State Secretary Hillary Clinton Denounces Govt’s Intervention In Family Planning

U.S. State Secretary Hillary Clinton said during a press conference in Canada, held after the G8 Summit, that communist China and Romania are negative examples as to the involvement of governments in decisions regarding family planning.

Investigation Finds Romania’s Fmr Envoy To Blame For December Hit-And-Run In Singapore

A A Singapore Coroner's Court has concluded that it was reckless driving by Romania’s former envoy Silviu Ionescu that caused a fatal hit-and-run accident mid December last year, The Straits Times reported in its online edition Wednesday.

IMF Chief: Romania Could Miss Euro Adoption Target

Romania could adopt the European currency later than planned, but still needs to consolidate its monetary and fiscal policies to stay on track, the head of the International Monetary Fund said Tuesday in Bucharest.

NATO Sec Gen Says Iranian Missiles Can Reach Romania And Bulgaria

NATO Secretary General Anders Fogh Rasmussen insisted Saturday on the need for antimissile defense in Europe, identifying a threat in Iran, which has missiles that could reach Romania, Bulgaria, Turkey and Greece.

Romania Ranks Seventh In World’s Top Spammers Chart – Study

Romania is ranked seventh in a world chart of spam source countries, while Bucharest ranks eighth in a chart of the world’s top spam source cities, according to a study compiled by computer security company PandaLabs for the first two months of 2010.

Romanian Econ Revival Hindered By Lower Invest, Population Ageing

Romania’s economic growth may be impaired on medium-term by falling investment, constraints in credit availability and rising unemployment, the European Commission said Wednesday in its assessment of the country’s updated convergence program.

EU: Romania Could Miss 2010 Deficit Target Over Difficult Spending Cuts

Romania could miss its budget deficit target in 2010, because some of the measures aimed to slash public spending are socially and politically difficult to carry out, the European Commission said in its opinion on the country’s updated convergence program.

Google To Open One Office In Romania In ’10

Google, holder of the search engine with the same name, will open an office in Romania this year, said Amelia Cretu, Agency Relationship Manager Google for Southeast Europe, Middle East and Africa.

Romanian Senate Approves Guarantee Agreement For EIB Loan To Ford Romania

The Romanian Senate approved Tuesday the draft law ratifying the Guarantee Agreement between Romania and the European Investment Bank (EIB), guaranteeing 80% of the a financing contract concluded between the EIB and Ford Romania.

EC Draft Report Notes Problems In Romania’s Justice Sector Due To Magistrates’ Protests

The European Commission’s interim report on Romania’s justice sector, expected to be released Tuesday, mentions the problems arisen in the justice sector following last year’s protests staged by magistrates and the staff shortage the country is still facing in the legal system.

Fiecare român a pierdut o vacanţă de 1.000 de euro din cauza crizei

Produsul Intern Brut pe locuitor a scăzut cu 1.100 de euro anul trecut, până la 5.390 de euro, din cauza crizei economice, România întorcându-se doi ani înapoi din drumul spre convergenţa la Europa de Vest.

EC To Release Justice Reports On Romania, Bulgaria Tuesday

The European Commission will release Tuesday its interim reports on Romania and Bulgaria’s justice sectors, Bulgarian news website novinite.com reported Monday, citing a Commission spokesperson.

Romania’s Car Exports To Germany Exceeded Imports In 2009

Romania exported more cars to Germany than it imported last year, moving from a trade deficit of EUR762.8 million on the auto sector in 2008, to a trade surplus of EUR306.4 million in 2009, according to the National Institute of Statistics (INS).

Romania 4Q/09 Labor Costs Up 5.9% On Year – Eurostat

Total hourly labor costs in the Romanian economy rose 5.2% on the year in the fourth quarter of 2009, the fifth-biggest annual growth in the European Union, official data showed Wednesday.

România, Bulgaria şi Grecia domină topul vânzărilor pentru vacanţa de Paşte

Patronii de hoteluri, pensiuni şi agenţii turistice au motive să fie mai mulţumiţi anul acesta decât în 2009: ortodocşii şi catolicii sărbătoresc în aceeaşi zi Paştele, aşa că şi vânzările de pachete turistice sunt ceva mai mari cu această ocazie, arată "Gândul".

Luxury Fashion Retailers Armani, Zilli To Enter Romanian Mkt In 2010

Luxury fashion brands Emporio Armani and Zilli will enter the Romanian market this year, through franchise agreements, while Hermes and Burberry stores might be opened in 2011, according to Oliver Petcu, general manager of consultancy firm CPP Management Consultants.

Romanian Parliament To Join “Earth Hour” Initiative

The Romanian Lower Chamber approved Tuesday a memo according to which the festive lighting of the Parliament Palace will be ceased for one hour, on March 27, as a gesture to mark "the need for action against climate change".

Romania Tourism Min Lobbies At Austrian Niki Lauda For Future Vienna-Constanta Flight

Romania’s Tourism and Regional Development Minister Elena Udrea on Tuesday proposed to Austrian businessman Niki Lauda, whose airliner Fly Niki entered the Romanian market in February, to also operate a flight on the route Vienna, Austria, to Constanta, on the Romanian Black Sea coast.

Romania Confirms Highly Pathogenic Bird Flu Virus – EC

Romania has confirmed a highly pathogenic bird flu outbreak at a poultry farm in Letea, the southeastern county of Tulcea, the European Commission said in a press release Tuesday.

X-Trade Brokers: Greece’s Crisis Unlikely To Seriously Affect Romania

Romanian economy is unlikely to be seriously affected by Greece’s financial problems, and one of the elements to support this theory is the recent ratings actions of international agencies, brokerage house X-Trade Brokers said Monday.

EC Justice Report On Romania Expected These Days – Justice Minister

The European Commission is expected to release its interim report on progress in Romania’s justice sector “these days”, Justice Minister Catalin Predoiu said Monday.

Romania’s Economy Will Resume Growth In Upcoming Months – Econ Min

Romania’s Economy, Commerce and Business Environment Minister Adriean Videanu on Saturday said the economic data registered in the past four months indicate that "Romania's economy will resume growth in the upcoming months."

Romania Eyes Partnership To Lure Scandinavian Tourists

Romania’s Tourism & Regional Development Ministry secretary of state Sorin Munteanu meets Wednesday with officials of German Group TUI and plans to conclude a partnership with TUI Scandinavia in a move to lure tourists from Scandinavian countries to Romania.