romania

If Moldova Is Coupled With Ukraine, EU Accession Becomes Distant – Romanian President

The Republic of Moldova’s EU accession perspectives are distant if the country is “dropped together with Ukraine”, Romanian President Traian Basescu said Thursday, when he received the visit of Moldovan Prime Minister Zinaida Greceanii.

Romania, Hungary To Mutually Recognize Diplomas

The Romanian and Hungarian governments agreed Tuesday in a joint meeting in Szeged, Hungary, that diplomas granted by the education institutions accredited in both countries will be mutually recognized.

Road Toll Stickers For Romania, Hungary Available In Customs Points

Romanian car drivers who travel to Hungary and Hungarian drivers who enter Romania can buy road toll stickers at customs Nagylak and Varsand, and by end-October, the stickers will also be available in other border crossing points.

Romanian PM Calls For Romania, Hungary EU Coordinated Strategy In Pwr Field

Romania and Hungary should coordinate their electric power strategies at a European Union level and should complete, as soon as possible, the inter-governmental agreement on Nabucco pipeline, Romanian Prime Minister Calin Tariceanu said Tuesday.

EC Pursues Infringement Against Romania Over Company Law

The European Commission decided to pursue infringement procedures against Romania and four other member states over failure to transpose into national law a Directive simplifying the raising of capital and the restructuring of capital ownership in public limited liability companies.

German Car Mkr Volkswagen Brings Scirocco Model To Romania

Porsche Romania, local importer of Wolkswagen cars, launched the Scirocco hatchback, available in two petrol engines, at prices ranging between EUR21,603 and EUR24,808, VAT included.

Romania Will Recognize Kosovo Passports Only As Identification Proof

Romania does not recognize any document or paper issued by the authorities of Kosovo, but accepts some of their legal effects, including the right to free circulation, the Romanian Foreign Affairs told MEDIAFAX Monday.

Romania, Italy To Act Together For The Social Integration Of Rroma People

Romanian Prime Minister Calin Tariceanu and Italian Prime Minister Silvio Berlusconi, agreed Thursday during the bilateral summit organized in Rome to initiate together actions aimed at the social integration of Rroma people, both on Romanian and Italian territory.

Valoarea salariilor reale din România depăşeşte nivelul de echilibru

Ritmul de creştere al salariilor reale s-a accelerat în România începând cu anul 2005, astfel că valoarea remuneraţiilor se păstrează cu mult peste nivelul de echilibru, depăşind, în acelaşi timp, productivitatea, potrivit unei analize publicate pe site-ul Fondului Monetar Internaţional (FMI).

Ukraine Notifies Romania On Renewed Delta Canal Plan

Ukraine has formally notified the Romanian authorities on its plans to extend the Danube-Black Sea deep-water navigation canal (the “Bystroe Canal Project”), Romania’s Environment Ministry said Friday.

România, pentru al doilea an consecutiv fără echipe în grupele Cupei UEFA

România nu va fi reprezentată de nicio echipă în grupele Cupei UEFA în ediţia 2008-2009, pentru al doilea an consecutiv, în urma rezultatelor înregistrate de formaţiile româneşti în patidele de joi, din turul întâi al competiţiei.

French Ubisoft Opens Second Unit In Romania

French video game producer, publisher and distributor Ubisoft opened its second creation studio in Romania, in the southern city of Craiova, whose main purpose is the development of new games.

EIU: Romania Highly Vulnerable To Intl Turmoil Due To High Curr Acct Gap

Romania is one of the countries most vulnerable to the financial turbulence, as its current account deficit is likely to remain above 10% until 2013, the Economist Intelligence Unit, or EIU, said in a report.

Analysts: International Financial Crisis May Affect Romania

The international financial crisis might have an indirect effect upon Romanian economy, as this could reduce capital flows and investors’ appetite for risk, analysts said.

Romania Climbs One Spot In ’08 IT Competitiveness Hierarchy – EIU Study

Romania ranked 39 out of 64 countries included in the IT competitiveness hierarchy drawn up by the Economist Intelligence Unit (EIU), one position higher than in 2007, but still behind most countries that joined the European Union in 2004 and 2007.

Romania, Austria’s Voestalpine To Sign Steel Mill MoU In Oct – Sources

Romanian government and representatives of Austria's steelmaker Voestalpine will sign a memorandum of understanding (MoU) in the first half of October and the Austrian group will decide in December the country to building its steel mill, sources close to the matter said Wednesday.

Romania, Hungary Seek EU Financing For High-Speed Rail Line

Romania and Hungary plan to apply for EU financing to conduct a pre-feasibility study on a high-speed rail route that will link Hungary’s capital Budapest to Romanian southeastern city of Constanta.

Romania Ranks 5th In Emerging Europe By Vulnerability To Fin Pressures – Fitch

Romania ranks fifth, as well as Estonia, in a classification of the most vulnerable states in Emerging Europe to external financing pressures, Fitch Ratings said on Thursday.

Georgia’s Integrity, Independence Essential To Romania – PM

Georgia’s integrity and independence are essential to Romania and to the security of the Black Sea area, and creating regional stability is a priority, Romanian Prime Minister Calin Tariceanu said Thursday after a meeting with U.S. senator Richard Lugar.

Romania’s Econ Growth Seen Slowing Over Next Sixth Months – Report

Romania’s economic growth will slow down significantly over the next six months, and inflation is seen lowering in the third quarter of the year, according to analysts polled by the CESifo Institute of the University in Munich.

Sportivii români la Jocurile Olimpice – Galerie Foto

După o săptămână de la începerea Jocurilor Olimpice, România se află pe poziţia a 19-a în ceea ce priveşte medaliile olimpice.

EIU: Romania’s High Foreign Debt Ups Vulnerability To Changes In Investor Sentiment

Romania’s economy is vulnerable to changes in investor sentiment, due to its large external financing requirements, the Economist Intelligence Unit, or EIU, said in a report.

Fitch: Romania’s Economy Looks More Like Overheating Than Expected In January

Romania's economy shows little sign of adjusting to a more sustainable growth path and the economy looks more like it’s overheating than expected in January, Andrew Colquhoun, director with Fitch Ratings, told MEDIAFAX Monday.

U.S. Grants Romania $50,000 Flood Relief Aid

The Government of the United States granted Romania $50,000 for immediate flood relief assistance to help Romanians recover from the recent devastating floods in the northern part of the country, the U.S. Embassy said Tuesday.

S&P Lowered Estimates On Incidence Of Recession In Romania

Standard&Poor's Ratings Services changed Monday its estimate of the incidence of gross problematic assets in the Romanian financial system under a reasonable (but not catastrophic) scenario of economic recession to 25%-40% from 35%-50%, the ratings agency said.

Romania Admits ‘Partial Failure’ For Roma Situation In Italy

Romania admits “partial failure” regarding the situation of Roma minority in Italy, but it does not approve of all measures taken by the Italian authorities in their pursuit to tackle crime, Romanian President Traian Basescu said Thursday.

Romania Ranks 2nd In EU By Indus Orders Growth In May

Romania ranked second in European Union with a 20.2% increase of the industrial new orders on the year in May, while industrial new orders fell by 2.8% in EU states in the same period, according to the Statistical Office of the European Communities, Eurostat.

Romania Ranks 22nd In EU By 4 Mo Trade Balance

Romania ranked 22nd among European Union states by trade balance in the first four months of the year, with a EUR7 billion deficit, according to Eurostat, the Statistical Office of the European Communities.

Romanian June Annual CPI 8.7%, Fifth Highest In EU – Eurostat

Romania ranks fifth among EU member states with respect for the annual inflation rate in June, which is 8.7%, double the 4.3% average calculated on a community bloc level, according to a report issued by the Statistical Office of the European Communities, Eurostat.

Romania, Among States Least Dependent On Energy Imports – Eurostat

Romania is among the European Union states the least dependent on energy imports, with a 29% energy dependence rate in 2006, according to the Statistical Office of the European Communities, Eurostat.

Romanian Annual Inflation Nears Two-Year High On 0.28% Monthly Rise

Romania’s inflation slowed down to 0.28% on the month in June, due to a moderate increase in food and non-food prices, but annual inflation was just below a two-year high, the National Statistics Institute said Thursday.

Romania Most Able To Adjust To Economic Shocks, But Based On Poor Tax Administration – S&P

Romania is third in a ranking of governments most able to adjust to adverse economic trends and react swiftly and effectively in the wake of economic shocks in the EU-27 and Norway, Iceland, and Switzerland, but that reflects poor tax administration, ratings agency Standard&Poor's said Wednesday.

Romania Still Vulnerable To International Financial Mkt Turmoil – IMF

World financial market tensions contributed to a sharp nominal depreciation of the Romanian leu, and Romania remains vulnerable to additional adverse spillovers from events in global markets, the International Monetary Fund, or IMF, said Saturday.

Romania Received EU Funds Worth EUR1.6B In ’07- Report

Romania accessed in the previous year European funds worth EUR1.602 billion, with EUR315.4 million in compensations, and had a contribution of EUR930.9 million to the EU budget, according to the financial report issued by the EU.

TI: Romania Scores Badly On Corruption Progress

Romania scored poorly on corruption fighting last year, and the only sectors that registered some progress were healthcare and police activities, Transparency International Romania said in its National Corruption Report released Thursday.

Romania Grants EUR100,000 To Palestine, Mulls Participation In EUPOL COPPS

Romania will grant financial aid worth EUR100,000 to the Palestinian Territories, Foreign Minister Lazar Comanescu said Tuesday, mentioning the country is also considering a contribution to the EU Police Mission in the area – EUPOL COPPS.

A Weak Leu Helps Mend The Romanian Curr Acc Deficit – Erste

The weak national currency supports the economy and the adjustment of the strong current account deficit, which might enter a stagnation phase this year, according to an Erste Bank analysis.

Romanian Has An Image Problem Among EU States – European Commissioner

European Commissioner for multilingualism Leonard Orban told MEDIAFAX that Romania has an image problem "not as much on a community level as among the member states," and this problem might reflect on some of the political decisions in these countries.

Romania Seeks Math Olympic Winner’s Release From Italian Prison-Paper

The Romanian authorities seek the release from an Italian prison of a young national, winner of math Olympic, who was convicted for electronic fraud, Italian paper Il Giornale reported Thursday.

Romania Opposes To Further EU Suspension Of Grain Import Duties

Romania opposed an EU proposal to maintain suspension of import duties for cereals from third countries, due to the negative impact it would have on the Romanian market by putting additional pressure on prices.