romania

Fitch Expects Romania To Adopt Euro No Sooner Than 2015

19:38, 14 Nov. 2008
Fitch Ratings agency said Friday it does not expect Romania to adopt euro sooner than 2015, citing risks in attaining real and nominal convergence.

Remittances From Romanians Abroad To Reach $9B In ’08 – World Bank

15:00, 13 Nov. 2008
Remittance flows of Romanians working abroad will rise this year to $9 billion, compared with $6.8 billion as estimated for 2007, ranking the country on the 8th position in the top 10 recipient countries worldwide, according to a World Bank study.

Russia Might Not Include Romania In South Stream Proj – Schroeder

13:31, 12 Nov. 2008
Russia might not include Romania in the gas pipeline project South Stream, although there are talks in Romania on the need to involve the country in the project, former German chancellor Gerhard Schroeder said Wednesday in Bucharest, during an international conference on energy issues.

Romania’s 9-Mo Trade Def Up 12.5% On Yr To EUR16.93B

10:02, 10 Nov. 2008
Romania’s January-September trade deficit rose 12.5% on the year to EUR16.93 billion, from EUR15.05 billion in the same period a year earlier, but exports grew at a higher pace than imports during the first nine months, the National Statistics Institute reported Monday.

Fitch Downgrades Romania’s Rating By Two Notches To Below Invest Grade

10:01, 10 Nov. 2008
Ratings agency Fitch has lowered on Monday the sovereign ratings on Romania by two notches, citing vulnerabilities in the emerging markets, spurred by the global crisis and the countries’ high current account deficits.

Romanian Ambassador To Israel Responds To Anti-Semitism Accusation Against Romania

14:06, 06 Nov. 2008
The statement of Romanian president Traian Basescu, cited by the November 2 edition of the Israeli daily Haaretz, according to which Syria’s neighbors are Iraq, Lebanon and Palestine, is “truncated and taken out of context”, Romania’s ambassador to Israel Edward Iosiper said.

Romanian Fuel Mkt To Mature Over Tens Of Yrs – MOL

12:53, 04 Nov. 2008
Romania's fuel market will mature over a couple of decades although it has the highest growth compared with Slovakia and Hungary, the key-countries of Hungarian oil and gas company MOL, the company's Vice-President for Corporate Communications, Szabolcs Ferencz, said Tuesday.

Romania, USA Sign Visa Waiver Interim Declaration

20:43, 03 Nov. 2008
Romanian ambassador in the USA Adrian Vierita and Michael Chertoff Unites States Secretary of Homeland Security, signed Monday a statement on the Visa Waiver program, said a press release posted on the Homeland Security Department website.

Mahmoud Abbas Asks For Romanian Support In Middle East Peace Talks

18:39, 03 Nov. 2008
Palestinian Authority President Mahmoud Abbas met Monday with Romanian Senate vice president Norica Nicolai. Abbas asked for Romania’s support in mediating a stable peace process in the Middle East, Nicolai said at the end of talks.

EC: Romanian Current Acc Def Seen Slowing In ’08, ’09

13:35, 03 Nov. 2008
The European Commission sees Romania’s current account deficit slowing in both 2008 and 2009 to 13.5% and 13% of gross domestic product, respectively, lower compared to the Commission’s previous forecasts.

Swiss Carrier Baboo Launches Flights To Romania

13:55, 31 Oct. 2008
Swiss regional air carrier Baboo on Monday launched its first flights on the Romanian market, from Bucharest’s International Airport Otopeni to Geneva and Nice, respectively, Baboo said in a statement.

S&P Downgrades Romania To FC ‘BB+/B’; Outlook Negative

18:27, 27 Oct. 2008
Standard & Poor's Ratings Services lowered its long- and short-term foreign currency sovereign credit ratings on Romania to 'BB+/B' from 'BBB-/A-3', and its local currency long-term rating to 'BBB-' from 'BBB', the rating agency announced on Monday.

Romania, Hungary And Sweden To Build “Fairytale Villages”

17:34, 26 Oct. 2008
Local authorities from three counties in Romania, Hungary and Sweden plan to implement a joint project called “The Fairytale Village” aimed at helping children learn cultural and traditional elements of the three countries.

TUI: „România nici măcar nu ştie care îi sunt punctele tari în turism”

16:19, 23 Oct. 2008
România nici măcar nu ştie care îi sunt punctele tari cu care poate intra în competiţie cu alte ţări şi va mai dura câţiva ani până când îşi va rezolva problemele care îi afectează turismul, a declarat agenţiei MEDIAFAX Detlef Hohne, director în cadrul grupului TUI pentru Maroc, Bulgaria şi România.

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

11:38, 23 Oct. 2008
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

17:13, 21 Oct. 2008
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

15:32, 21 Oct. 2008
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

13:38, 21 Oct. 2008
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

14:20, 16 Oct. 2008
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

10:56, 15 Oct. 2008
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

15:05, 13 Oct. 2008
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

16:12, 09 Oct. 2008
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

17:02, 08 Oct. 2008
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

13:33, 03 Oct. 2008
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

12:35, 03 Oct. 2008
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

16:14, 17 Sept. 2008
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

15:56, 17 Sept. 2008
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

19:35, 16 Sept. 2008
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

11:12, 16 Sept. 2008
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

19:00, 10 Sept. 2008
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

19:27, 09 Sept. 2008
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

15:19, 28 Aug. 2008
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

13:20, 28 Aug. 2008
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

11:37, 27 Aug. 2008
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

13:07, 15 Aug. 2008
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

14:14, 13 Aug. 2008
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

14:27, 11 Aug. 2008
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

13:05, 05 Aug. 2008
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

17:04, 04 Aug. 2008
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

18:56, 31 Iul. 2008
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.