romania

Russian Leader Putin’s Vanguard Arrives In Bucharest

20:33, 27 Mart. 2008
Some 90 Russian specialists arrived Thursday on the Otopeni Airport in Bucharest, on board a special flight, their mission being to prepare the highly anticipated visit of Russian leader Vladimir Putin in Bucharest, official sources told MEDIAFAX.

Rompetrol CEO Sees Bucharest As Balkans’ Future Financial Capital

20:07, 19 Mart. 2008
Rompetrol president Dinu Patriciu on Wednesday said Bucharest could become the “financial capital” of Balkan area.

EIU: Romania Vulnerable To Financial Mkt Turmoil

12:03, 18 Mart. 2008
Romania is among eastern European countries most vulnerable to financial market turmoil, due to its wide current account deficit fueled by growth in economy and especially in domestic consumption, the Economist Intelligence Unit (EIU) said in its Global Outlook report Tuesday.

Frattini: Italy Should Have Zero Tolerance For Romanian Felons

11:01, 18 Mart. 2008
EU Justice Commissioner Franco Frattini on Tuesday said Italian authorities should have zero tolerance for Romanian felons and proposed setting up joint patrols, formed of Romanian and Italian police officers.

Fashion Retailer C&A To Open Its First Store In Romania-Sources

19:40, 17 Mart. 2008
High street fashion retailer C&A, part of international group Cofra, will open its first store in Romania, people close to the matter said Monday.

Romania, Bulgaria Plan To Join Schengen Area March 2011

18:33, 16 Mart. 2008
Romania and Bulgaria plan to join the Schengen area in March 2011, the interior ministers of the two countries, Cristian David and Rumen Petkov, respectively, said in a joint statement Sunday.

Securities Commission OKs 14 Foreign Cos To Operate On Romanian Capital Mkt

18:23, 14 Mart. 2008
Romania’s Securities Commission CNVM authorized 14 investment companies from U.K, Cyprus, the Netherlands and Denmark to operate on the Romanian capital market, the regulator said Friday.

Romania, Bulgaria Engaged In Tough Race For EUR7B Austrian Investment

20:17, 10 Mart. 2008
Romania stands higher chances than Bulgaria to attract the EUR7 billion-investment that Austria's steel-maker Voelstahlpine plans to make in the Black Sea region.

Turkish Investors Find Little Highly Qualified Staff In Romania-Turk Pres

17:38, 03 Mart. 2008
Turkish President Abdullah Gul on Monday told Romanian Premier Calin Popescu Tariceanu that Turkish investors find little highly qualified personnel in Romania, the Romanian government said in a statement.

Erste Bank: Real Estate Prices in Romania Seen Up Over Next Yrs

17:13, 02 Mart. 2008
Romania’s real estate market outlook remains "highly certain," as prices will continue to increase over the next years, but the growth rate might be slower compared with the last three years, said Manfred Wimmer, CEO of Banca Comerciala Romana, the Romanian unit of Austria's Erste Bank.

Romania’s Embassy To London Must Pay Over GBP200,000 In Traffic Tolls

15:45, 01 Mart. 2008
Romania’s Embassy to London is among the diplomatic offices that failed to pay the traffic decongestion toll in the center of London, which triggered debts of over GBP200,000 (over EUR260,000).

Romania’s Transylvania Hwy Project Out Of Money, Works Might Cease

16:37, 28 Feb. 2008
The Romanian National Company for Highways and National Roads (CNADNR) has already used up the 2008 budget for the Transylvania highway, connecting central Brasov to northwestern Bors, and works might cease in these conditions, said the general director of the company, Mihai Grecu.

Romanian Parliament Parties Convene On Education Pact

18:47, 27 Feb. 2008
The Democratic Union of Magyars in Romania, the social democrats, the liberals and the democrat liberals announced, after meeting president Traian Basescu, that they are ready and willing to sing the pact on education.

UK Granted Over 30,000 Work Cards To Romanians, Bulgarians In 2007

15:53, 26 Feb. 2008
British authorities granted 30,570 work cards to Romanian and Bulgarian nationals in 2007, the government said in a statement Tuesday.

Romanian Intelligence Service To Organize Young Atlanticist Summit

12:48, 26 Feb. 2008
The Atlantic Council of the USA and the Euro-Atlantic Council in Romania – NATO House will organize, with the help of the Romanian Intelligence Service, between April 2 and April 4, the "Young Atlanticist Summit," created as a meeting opportunity for future leaders in the Euro-Atlantic region.

Serbia Eyes Romanian Harbor Capacities

18:48, 21 Feb. 2008
Serb president Boris Tadic, stated Thursday, after meeting his Romanian counterpart, that his country is interested in renting, on long term basis, some of the capacities in Constanta Harbor.

Romanian Magyar Civic Union To Use Unofficial Referendum Towards Autonomy

20:32, 20 Feb. 2008
The president of the Magyar Civic Union in Romania – the Sfantu Gheorghe Seat, Gazda Zoltan, said that the next step towards territorial autonomy is the internal as well as external valuation of the results obtained in the unofficial internal referendum, organized by the National Szeckler Council.

Romanian Parliament Backs Pres Statement On Kosovo

20:34, 18 Feb. 2008
Romanian Chamber Speaker Bogdan Olteanu announced that the reunited Parliament Standing Offices reached consensus on a statement supporting the official point of view of Romanian authorities, not acknowledging the independence of Kosovo.

Romania Opposes Kosovo Independence

20:08, 18 Feb. 2008
Romanian president Traian Basescu stated, after talks with political parties, that Romania maintains its stance and does not acknowledge the independence of the Kosovo province for reasons such as the grant of collective minority rights and lack of observance for Serbia’s territorial integrity.

Romanian Local Authorities Remain Quite Centralized – Fitch

17:19, 14 Feb. 2008
Local authorities in Romania are still strongly centralized, even though EU accession, coupled with legislative changes in the past two years might have significant contributions in their efficient and effective decentralization, according to financial evaluation agency Fitch Ratings.

Govt Says EC Won’t Launch Infringement Procedure Vs Romania For Excessive Budget

15:03, 13 Feb. 2008
The European Commission will not initiate an infringement procedure against Romania due to excessive budget deficit, as there is no danger for the deficit to exceed 3% of the gross domestic product, government representatives said.

EU Says Romania Should Make 112 Emergency Service More Appealing

16:50, 11 Feb. 2008
Romania, together with other 13 EU member states, received a notice from the Union, because the complete services, included in the implementation of the single "112" emergency number, are not functional.

Romanian FM, Moldovan President Discuss EU Integration During Munich Security Conf

18:13, 10 Feb. 2008
Romania’s Foreign Minister Adrian Cioroianu on Sunday held talks with Moldovan President Vladimir Voronin on Moldova’s integration to the European Union during a major security conference in Munich.

ECHR: Romania To Pay EUR3,000 Damages Over Unlawful Detention

20:06, 08 Feb. 2008
The European Court of Human Rights, or ECHR, on Thursday ruled in favor of a Romanian national who sued the state over unlawful pre-trial detention, and compelled Romania to pay moral damages worth EUR3,000.

Romanian Fiscal Authority Takes Online Budget Statements On A National Level

14:53, 05 Feb. 2008
The Romanian National Fiscal Administration Agency (ANAF) will extend, to a national level, on April 1, the system that allows companies to submit budget statements online, said the president of the agency, Daniel Chitoiu.

Romania’s Econ Potential Highest Among SE European States- U.S. Ambassador

12:56, 05 Feb. 2008
Romania is one of the best-kept secrets when it comes to investment opportunities, U.S. Ambassador to Bucharest Nicholas Taubman said in New York on Tuesday, during an event meant to promote Romanian business opportunities.

Romania’s Dec Net Avg Salary Up 12.9% On Mo To RON1,266

10:49, 05 Feb. 2008
Romania net average wages in December 2007 rose 12.9% on the month to 1,266 lei, the National Institute for Statistics said Tuesday.

Romanian Foreign Affairs Min Salutes Serb Pres Reelection

17:16, 04 Feb. 2008
The Romanian Ministry of Foreign Affairs salutes the reelection of Boris Tadić as president of Serbia, for a new five-year mandate, pointing out that Romania has always been in favor of the pro-European forces in Belgrade.

Burger King Signs Franchise Agreement In Romania

17:52, 31 Ian. 2008
Burger King (BKC), America’s second largest chain of fast food restaurants, signed late last year a franchise agreement to start operations in Romania, the company said in its quarterly financial report Thursday.

EP OKs Simplified Visa Control Regime In Romania, Bulgaria And Cyprus

14:50, 31 Ian. 2008
The European Parliament on Thursday approved an extension of simplified controls of visas at the external frontiers of Bulgaria, Romania and Cyprus, EP said in a statement.

Fitch Changes Romania Outlook To Negative From Stable -2-

14:11, 31 Ian. 2008
Fitch Ratings has today revised Romania’s outlook to stable to negative, mainly due to the rise of the current account deficit.

Philip Morris International Production Hiked Worldwide, Dropped In Romania

19:51, 30 Ian. 2008
Philip Morris cigarette production climbed by 0.9% in 2007, to 291.3 billion units, but in Romania, Russia, Serbia and Turkey, deliveries were lower compared to the previous year.

Romania Must Adapt To New Global And Regional Challenges – World Bank

14:54, 30 Ian. 2008
Romania is confronted with an investment calendar meant to sustain economic growth and improve the legal system, but at the same time it needs to adapt to new global and regional challenges, said Orsalia Kalantzopoulos, regional director with the World Bank.

Laws Against Smoking Could Become Effective In ’09

18:09, 29 Ian. 2008
Provisions on the obligation for separation between smoking and non-smoking public areas and the prohibition of tobacco advertising outside points of tobacco sale physical might come into force on January 1, 2009, while the initial deadline mentioned in the draft laws on this topic was July 1, 2008

Romanian Pres Asks Parliament Parties To Back Majority Uninominal Voting System

16:33, 29 Ian. 2008
Romanian president Traian Basescu sent letters to all parliament party leaders, asking them to support the majority uninominal voting system in two rounds of elections, Parliament party representatives told MEDIAFAX.

Romanian Govt To Use Budget Gap To Reduce Imbalances With EU

15:14, 29 Ian. 2008
The Romanian government will make the best of its budget deficit ceiling of 3% of gross domestic product and will continue to fund projects in infrastructure, environment and agriculture to reduce imbalances between Romania and other EU states, Prime Minister Calin Tariceanu said Tuesday.

Google a înfiinţat o firmă în România

17:04, 28 Ian. 2008
Google a înfiinţat o firmă în România, Google Bucharest, după ce în luna martie a anului trecut operatorul celui mai folosit motor de căutare pe internet a numit un consultant pentru România.

Romanian Privatization Auth Restructuring To Leave 100 Jobless

21:44, 25 Ian. 2008
Romanian privatization authority AVAS will fire 100 employees in 2008, through collective layoffs, thus reducing the maximum number of positions in the structure of the institution to 510 employees, from the 610 positions set late 2006.

Romanian Govt Finds Breaches At Financial Guard

17:45, 25 Ian. 2008
Romanian county control services, as well as commissariats of the Environment Guard, the Financial Guard and the inspectorates in constructions, are violating over 20 work rules, storing confiscated goods in gyms and making mistakes in literature, which allow fined companies to win in court.

EC To Present Convergence Recommendations To Romania

15:47, 25 Ian. 2008
The European Commission will present to the Ecofin Council, next week, a recommendation regarding the program for Romania’s convergence, said European commissioner for Multilingualism Leonard Orban.