romania

Romania’s Jan-Apr Curr Acct Def Widens 7.5% On Yr To EUR4.84B

14:49, 16 Iun. 2008
Romania’s current account deficit widened 7.5% on the year in January-April to EUR4.842 billion, from EUR4.504 billion in the year-earlier period, on higher trade deficit, the central bank said in a statement Monday.

Romania Ranks Among Countries Less Trade-Liberalized – World Bank

13:44, 16 Iun. 2008
Romania ranked 116 from 125 countries in 2006 given the country’s trade liberalization degree, but ranked 10 in the top of most diversified countries by export products, the World Bank said in a report.

Romania Ties Against Italy, 1-1, In European Football Championship

21:00, 13 Iun. 2008
Italy - Romania, score 1-1. Romania’s goal was scored by Adrian Mutu, while Panucci scored for Italy.

Romanian-Russian Relations To Gain New Dynamics – Romanian Foreign Affairs Min

16:54, 13 Iun. 2008
Romanian foreign affairs minister Lazar Comanescu said on national radio station RRA that after the meeting held between Romanian president Traian Basescu and Russian leader Vladimir Putin within the NATO summit, there are signals indicating "new dynamics" in Romanian-Russian relations.

EU Warns Romania On Growing Budget Def, Recommends Fiscal Consolidation

13:12, 13 Iun. 2008
The European Commission warned Romania that it must accelerate its structural reforms and fiscal consolidation in order to avoid the overheating of the economy, the EC said in a report Friday.

Romania’s Euro Adoption Target More Ambitious As Reforms Stagnate- Moody’s

12:55, 13 Iun. 2008
Romanian government is maintaining its 2012 target for adopting the euro but the target could become more ambitious as time passes without any meaningful progress on economic and institutional reform, according to a Moody's Investors Service report published Friday.

Romania May Import Gas Directly From Russia In 8 Yrs – Econ Ministry

14:48, 10 Iun. 2008
Romania might import gas directly from Russian natural gas monopoly OAO Gazprom (GSPBEX.RS) in about eight years, when the local gas production diminishes and the imported gas supply reaches 50% of the country’s consumption, a director in the Ministry of Economy and Finance said Tuesday.

Romania’s Yawning Curr Acc Gap Raises Growth Sustainability Concerns – World Bank

12:16, 10 Iun. 2008
Romania’s widening current account deficit raises concerns about the sustainability of the country’s economic growth, the World Bank said in a report Tuesday.

Mazda2 1.3 Sport Launched In Romania

15:18, 06 Iun. 2008
Japanese carmaker Mazda’s dealer in Romania launched Thursday on the local market the three-door Mazda2 1.3 Sport model, which comes in two equipment versions for prices ranging from EUR12,490 to EUR13,190, VAT included.

Romanian Car Maker Dacia Launches Sandero Locally

21:27, 03 Iun. 2008
Romanian car maker Dacia launched in Romania the two-volume model Sandero, the fifth car developed by Renault and Dacia on the Logan platform (B0), at prices ranging between EUR6,890 and EUR9,850, VAT included.

Italy’s „Overland For Smile” Caravan Returns To Romania 3rd Yr In A Row

17:40, 03 Iun. 2008
Italy’s “Overland for Smile – Smile of a child” humanitarian campaign, an ample program providing free dental medial aid to institutionalized children in Southeast Europe, returns to Romania for the third year in a row, organizers said in a press conference Tuesday.

Romania’s 1Q GDP Growth More Than Triple The EU Avg

13:58, 03 Iun. 2008
Romania’s first-quarter gross domestic product growth, of 8.2% on the year, was more than triple the average economic growth in the European Union, according to data of the EU’s statistical office Eurostat.

Prezentarea echipelor din grupa C de la Euro 2008

16:58, 02 Iun. 2008
Prezentarea echipelor din grupa C de la turneul final al Campionatului European de Fotbal, găzduit în perioada 7-29 iunie de Austria şi Elveţia.

Switzerland To Open Employment Mkt To Romania, Bulgaria In 2009

12:28, 30 Mai 2008
Switzerland accepted the progressive and controlled opening of its labor market to Romanian and Bulgarian workers, and signed the extension of the agreement with the European Union Tuesday in Brussels, Romania’s employment agency ANOFM said.

Bulgarians Choose Romanian Over English In Language Studies

17:11, 29 Mai 2008
Bulgarian pupils who are preparing to take the admission exam for foreign language high schools choose to study Romanian, instead of English.

Romania, 10 States In C, E Europe May Be Vulnerable To A Hard Landing- Moody’s

10:32, 29 Mai 2008
Rating agency Moody's Investors Service included Romania, alongside other ten states in the Emerging Europe, among countries whose sovereign rating might be vulnerable to a rapid and difficult economic adjustment, according to a report published Thursday.

Nokia Made 1 Million Phones In Romanian Plant

12:13, 28 Mai 2008
Finnish giant Nokia has made one million mobiles in its plant in Jucu, in the northwestern Romanian county of Cluj, three months into production, the company said Wednesday.

Lonely Planet Travel Guide Warns Tourists About Romanian Pick Pocketers

17:58, 27 Mai 2008
Tourists who visit Romania have several things to worry about, such as pick-pocketers, cab drivers who refuse to turn on their taximeters, overcharged restaurant bills or reckless drivers, Lonely Planet said in its country travel guide Tuesday.

Phishing Operations, Likely From Romania, Target USA Child Support Cash

11:58, 27 Mai 2008
A phishing operation, probably originating in Romania, targeted users of bank cards the authorities in Pennsylvania use to disburse child support payments and unemployment compensation benefits.

Dacia Sandero Launched In Romania June 3

14:53, 26 Mai 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR), will launch its new five-door hatch Sandero on June 3, and the first Romanian customers will be able to drive the new model by the end of the same month, company officials said Monday.

Romania 1Q Real Estate Deals Dn 68% To EUR119M

14:51, 26 Mai 2008
Real estate transactions in Romania dropped 68% to EUR119 million in the first quarter, mirroring a downward trend of the European commercial properties market, realtor Cushman & Wakefield said in a report Monday.

U.S. Authorities To Investigate Romanian Ship Captain’s Disappearance

11:04, 26 Mai 2008
U.S. authorities will launch an investigation into the mysterious disappearance of Romanian ship captain Liviu Iliescu, 48, from the “Morning Cloud” ship under Liberian flag, according to the officials with the local navy authority.

US Visa Denials Reached 31.3% In Romania In Jan ’08

17:05, 23 Mai 2008
A joint work group was formed between Romania and the USA regarding visa matters, the Romanian Ministry of Foreign told MEDIAFAX, adding that, on January 31 visa request denials were three times above the limit mentioned in US legislation.

Italy’s Safety Decree Mostly Targets Non-EU Immigrants – Romanian PM

16:13, 22 Mai 2008
The public safety measures adopted by the Italian government mainly target non-EU immigrants, not particularly Romanians, but the Romanian government needs a thorough assessment before expressing an informed viewpoint, Prime Minister Calin Tariceanu said Thursday.

Ukraine Agrees To Halt Works On Bystroe Channel

19:57, 20 Mai 2008
Ukrainian authorities vowed to halt works on the Bystroe Channel, said the secretary general of the Espoo Convention, Wiek Schrage.

Romania, U.S. Authorities Nail 38 In Phishing Scheme

20:37, 19 Mai 2008
Thirty-eight people in the U.S. and Romania have been charged in two indictments alleging they used Internet phishing schemes to defraud thousands of individual victims and hundreds of financial institutions, U.S. Deputy Attorney General Mark Filip said in a statement Monday.

Romania 15th In EU By 2007 FDI – Eurostat

16:57, 19 Mai 2008
Romania ranks 15th in the European Union by foreign direct investment inflows in 2007, with EUR7.3 billion, of which EUR6.5 billion were injected by EU countries, according to the EU statistical office Eurostat.

Romania Second In EU By 1Q Construction Output – Eurostat

16:39, 19 Mai 2008
Romania ranks second in the European Union by first quarter growth in construction output, with a growth rate of 32.2% compared to the first quarter in 2007, according to the EU statistical office Eurostat.

Romania, Italy Intensify Police Cooperation – Int Min

18:23, 17 Mai 2008
The Romanian authorities will send additional police officers to collaborate with the Italian law enforcement forces in bringing down crime levels, Interior Minister Cristian David said Saturday.

Romanian Authorities About To Retrieve 10th Gold Dacian Bracelet

16:42, 17 Mai 2008
The Romanian authorities located another ancient gold Dacian bracelet from the 15 bracelets that have been illegally taken out of the country back in 2002 and are close to retrieve it from an undisclosed location in the U.S., Culture Minister Adrian Iorgulescu said Saturday.

France’s Orange To Sell iPhone In Romania

12:47, 16 Mai 2008
France’s mobile telephony operator Orange signed a deal with U.S. Apple Inc. to sell its iPhone in several European countries, including Romania, the French company said in a statement Friday.

Romanian Software Indus Lost $151M To Piracy In ’07

19:26, 14 Mai 2008
Piracy caused losses registered by the Romanian software industry grew, in 2007, to $151 million, from $49 million five years ago, even if piracy levels dropped from 73% to 68%, according to a study published Wednesday by Business Software Alliance (BSA).

Italy’s Anti-Migration Measures Target Non-EU Nationals – Romanian PM

15:11, 14 Mai 2008
Italy’s new anti-migration measures address the nationals from countries outside the European Union and the authorities have no intention to set up norms that would affect communitarian citizens, Romanian Premier Calin Popescu Tariceanu said Wednesday.

Romania Grand Prix In Bucharest

18:39, 13 Mai 2008
The owner of the license for the organization around the Romanian Parliament Palace of a FIA GT race, Nicolae Serbu, and the former managers of the Imola circuit met Tuesday to discuss the possibility of unfolding in Bucharest one round in the World Championship.

Romania-US Bilateral Immunity Agreement Not In Effect – Official

16:34, 09 Mai 2008
The spokesman of the Romanian Foreign Affairs Ministry, Ilie Banica, told MEDIAFAX Friday that Romania did not ratify Bilateral Immunity Agreement with the United States, therefore it is not effective and cannot be rescinded.

EP Urges Romania To Rescind Bilateral Immunity Agreement With USA

18:48, 08 Mai 2008
The European Parliament Thursday urged Romania to rescind its bilateral immunity agreement with the U.S. regarding the International Criminal Court (ICC), EP said in its annual report on human rights in the world in 2007.

Romania Meets One Condition For Euro Adoption So Far – EC Report

17:12, 07 Mai 2008
Romania meets one sole criterion for adopting the single currency so far, namely the criterion on the government budgetary position, according to a report published Wednesday by the European Commission.

EU Warns Romania Over Discriminatory Dividend Taxation

18:29, 06 Mai 2008
The European Commission on Tuesday sent a letter of formal notice to Romania about its tax rules, under which dividends paid to foreign companies (outbound dividends) may be taxed more heavily than dividends paid to domestic companies (domestic dividends).

IMF Urges Romania To Oppose VAT Cut For Food, Earlier Pension Hikes

15:58, 04 Mai 2008
The International Monetary Fund, or IMF, urged Romanian authorities to strongly oppose a reduction in value added tax (VAT), moving up pension increases and advises cautiousness not to overrun the public sector wage bill.

Rapid Credit Growth, Large Curr Acct Deficit, Challenges For Romania – Moody’s

15:37, 01 Mai 2008
Rapid credit growth, the large current account deficit and rising external debt are the main challenges faced by Romania, while the global financial turmoil increases the possibility of an external shock causing economic dislocation over the next 12 to 18 months, rating agency Moody's said Thursday.