romania

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.