romania

Fincl Crisis Delays Germany’s Obi Expansion Plan In Romania

20:27, 01 Apr. 2009
Do-it-yourself operator Obi may open its next Romanian unit this fall or even in the spring of 2010, the company’s general manager Romano Quinzi said Wednesday, adding the retailer cannot keep the prior-announced expansion plan due to the economic crisis.

Romanian Econ Min Aims Getting EUR2.5B From Greenhouse Gas Emissions Trades

16:54, 01 Apr. 2009
Romanian Economy Ministry drew up a government decision draft by which it plans to manage trades with greenhouse gas emissions certificates, which might bring between EUR1.25 billion and EUR2.5 billion to the state budget.

IMF To Reply To Romania’s Letter Of Intent Next Wk – Sources

15:41, 01 Apr. 2009
The International Monetary Fund informed the Government it will send early next week a reply to Romania's letter of intent on closing a financing agreement, sources close to the matter told MEDIAFAX Wednesday.

Sinéad O’Connor To Sing In Bucharest On Jun 11

14:51, 01 Apr. 2009
Irish singer Sinéad O'Connor, one of the most controversial stars of the '90s, will come to Bucharest to hold a concert at Arenele Romane, on June 11, concert organizer Events announced.

Romanian, Moldovan Officials Argue Over Border Crossing Ban Legality

19:01, 31 Mart. 2009
Romanian foreign affairs minister Cristian Diaconescu said that the Republic of Moldova launched unfounded accusations against an UE member state, thus showing it has understood nothing of what an European level policy entails.

Merril Lynch Sees Romanian Economy Contracting 3.4% In ’09, 3.1% In 2010

16:16, 31 Mart. 2009
Merrill Lynch revised downwards its forecast on Romania’s GDP contraction in 2009 to 3.4% from the previous 1.5%, but changed upwards the predictions for 2010 to a 3.1% economic contraction from the 5% previously estimated, due to the possible fiscal-adjustment driven by the IMF agreement.

Fitch: Romanian Banks Face Pressure On Exchange Rate

19:54, 30 Mart. 2009
The ongoing global financial crisis has exposed Romanian banks to increased risks, through mounting pressure on the exchange rate in an operating environment dominated by foreign banks, Fitch Ratings said in a special report Monday.

WB Recommends Romania To Raise Retirement Age Above 70 By 2050

14:39, 30 Mart. 2009
The World Bank recommends Romania to raise the minimum retirement age over the 70 years old ceiling until 2050 and to keep the taxes at levels corresponding with the current retirement age in order to restore the fiscal balance in the country’s pension system that would register huge gaps.

Romania Lost 2-3 To Serbia In FIFA World Cup Qualifying Match

01:53, 29 Mart. 2009
Romania’s national soccer team suffered its second defeat in the 2010 FIFA World Cup qualifying Group 7, after losing 2-3 on home turf to Serbia’s team Saturday evening.

Băsescu: Aş vrea ca Tadici să plece supărat, iar eu vesel (Video)

16:32, 27 Mart. 2009
Preşedintele Traian Băsescu a declarat, vineri, că speră ca România să învingă Serbia la diferenţă de un gol, iar omologul său sârb Boris Tadici a spus, referindu-se la faptul că România nu a fost învinsă niciodată la Constanţa, că tradiţiile există ca să fie încălcate uneori.

Romanian President Wants Tadic To Leave Romania-Serbia Match Upset

14:40, 27 Mart. 2009
Romanian President Traian Basescu said Friday he hopes Romania beats Serbia in Saturday’s football match in the southeastern Romanian city of Constanta, while Serbian President Boris Tadic said traditions can sometimes be broken, referring to the fact that Romania has never lost a match in Constanta.

IMF To Ask Main Bks Operating In Romania To Keep Funds In The Country

11:42, 25 Mart. 2009
The International Monetary Fund mission to Bucharest will meet Thursday in Vienna the main foreign banks operating in Romania, to ask them to keep funds in the country and for a capital "buffer."

Romania Agrees EUR12.95B 2-Yr IMF Standby Loan, Total Package At EUR19.95B

10:21, 25 Mart. 2009
Romania agreed Wednesday with the International Monetary Fund an economic program supported by a EUR12.95 billion (about US$17.51 billion) loan under a two-year Stand-By Arrangement, IMF said in a statement.

Romania’s Agreement With IMF, EC To Be Announced This Week – EU Commissioner

14:25, 23 Mart. 2009
Joaquin Almunia, E.U. Commissioner for Economic and Monetary Affairs, said Sunday in Brussels that the financial agreement between Romania and the International Monetary Fund and the E.U could be announced this week.

Romanian Tourism Pack Prices Range From EUR90 To EUR1,500

18:02, 20 Mart. 2009
Tourism agencies presented, in the Romanian Tourism Fair, their offers for Easter and the summer season, through which tourists can buy packs at prices ranging between EUR90 and EUR1500.

Moody’s Affirms Romania At Baa3, With Stable Outlook

14:07, 20 Mart. 2009
Moody's Investors Service affirmed Friday the Baa3 local and foreign currency ratings of the Romanian government, with a stable outlook, citing the moderated public debt burden, though it expects Romanian economy to contract in 2009.

Moody’s Sees EU, IMF Aid To Romania EUR20B Over 2 Yrs

14:02, 20 Mart. 2009
Moody's Investors Service expects Romania to obtain extraordinary financial assistance from the European Union and the International Monetary Fund to ease the adjustment as its economy deteriorates, with a total support package of more than EUR20 billion over two years.

Romanian Govt Agrees EIB’s Proposed Capital Hike – PM

19:28, 19 Mart. 2009
The Romanian Government approved in principle a hike of European Investment Bank's capital, through reducing the institution’s reserves, in order to permit granting more funds to member states, the Prime Minister Emil Boc said Thursday.

Constr, Agric Weight In Romanian GDP Up In ’08, Industry’s Contribution Dn 1 Pps

13:07, 19 Mart. 2009
The construction sector and agriculture increased in 2008 their ratio in Romania's gross domestic product, while industry’s weight in the GDP fell by one percentage point, according to data released Thursday by the country’s Statistics Institute INS.

Preşedintele ungar a intrat în România cu maşina

20:37, 14 Mart. 2009
Preşedintele Ungariei, Laszlo Solyom, a intrat în România cu maşina, sâmbătă dimineaţă, pe la Punctul de Trecere a Frontierei Borş, judeţul Bihor, pentru a participa la manifestările dedicate Zilei Maghiarilor de Pretutindeni.

Hungarian President Arrives In Romania

15:32, 14 Mart. 2009
Hungarian president Laszlo Solyom arrived in Romania Saturday morning, by car, and is heading for central county of Harghita where he will attend the ceremonies celebrating the Day of Hungarians Everywhere.

Hungarian President Reschedules Romanian Visit Over Landing Authorization

15:08, 13 Mart. 2009
Hungarian President Laszlo Solyom modified the date of his planned festive visit on Sunday afternoon to Romania, Szekely land to Saturday afternoon because the Romanian Air Authorities withdrew the prior authorized landing permission at Targu Mures, in the center of Transylvania.

Germany’s TUI Conditions Return To Romanian Market

11:45, 13 Mart. 2009
Authorities in Romanian tourism will have to observe a few minimal conditions for Germany’s TUI to resume operations in Romania, Tim Grosse, the general manager of Danubius, TUI’s Romanian subsidiary, told MEDIAFAX at the International Tourism Fair in Berlin, Germany.

IMF May OK Wage Adjustment To Inflation If Romania Adopts Unitary Pay Law

17:25, 11 Mart. 2009
The increase of public salaries with the inflation rate forecasted for this year might be accepted by the International Monetary Fund, or IMF, if Romanian authorities quickly adopt a "correct" unitary pay law for the personnel in the budget system, official sources told Mediafax Wednesday.

Romania To Get Bailout Funds In Tranches, If All Terms Observed – EU Official

16:21, 11 Mart. 2009
European Commission's financing for Romania will be a "back-to-back" loan and will be given in tranches, if all conditions set up with Romanian authorities are observed, Amelia Torres, the spokesperson of EU Monetary Affairs Commissioner Joaquin Almunia, stated Wednesday.

Germany’s TUI Comes To Romania For Negotiations End April – Min

15:56, 11 Mart. 2009
Romanian Tourism Ministry and hotel owners will carry out negotiations with Germany’s TUI end April in an attempt to persuade the leading world travel operator to resume operations in Romania, Tourism Minister Elena Udrea said Wednesday.

Romania May Ask IMF For 2-Yr Stand-By Agreement – Sources

15:37, 11 Mart. 2009
Romania will send the International Monetary Fund, after concluding the negotiations in Bucharest, a letter of intent requiring a two-year stand-by agreement, with five years to reimburse the loan, official sources told MEDIAFAX.

C Romanian County Brasov To Have New Tourism Brand, „be.live.it”

14:37, 11 Mart. 2009
The Association for the Promotion and Development of Tourism in Brasov (central Romania) will launch, in the International Tourism Fair in Berlin, which will be "be.live it", the Ministry of Tourism announced Wednesday.

Moody’s Places Romania In Second Rating Risk Category

18:56, 10 Mart. 2009
Rating agency Moody’s grouped emergent states into four risk categories and placed Romania, Bulgaria and Croatia in the second category, that of countries whose credit fundamentals are resilient but which could be subject to some rating volatility should assumptions of support prove unfounded.

Romanian Govt Officially Asks EC For Financial Package

13:48, 10 Mart. 2009
The Romanian Government sent the European Commission, or EC, a letter asking for the official start of negotiations for a financial agreement, government sources told MEDIAFAX Tuesday.

IMF Mission Visits Romania For Discussions On Potential Program

19:13, 09 Mart. 2009
An International Monetary Fund mission will visit Romania later this month to hold discussions on a potential IMF program for Romania, the institution said Monday in a statement.

Romania One Point Behind Russia In Davis Cup 1st Round

22:26, 07 Mart. 2009
Romania’s Marius Copil and Horia Tecau managed to get back on saddle after their win against Russian Marat Safin and Dmitri Tursunov in the Davis Cup doubles on Saturday.

Russian, Romanian Foreign Affairs Mins Discuss Romanian Treasure

21:04, 05 Mart. 2009
The Romanian Ministry of Foreign Affairs said that in the meeting with Russian foreign affairs minister Sergey Lavrov, organized in Moscow, Cristian Diaconescu asked for Russian support in the organization of a new session for the Romanian-Russian commission studying bilateral collaboration problems

Romanian President Confident Poland Will Solve Crulic Case

15:43, 05 Mart. 2009
Romanian president Traian Basescu said Thursday in Warsaw, after the meeting with Polish counterpart Lech Kaczynski, that he is convinced Polish justice will solve the case involving Romanian citizen Claudiu Crulic’s death.

Romania Faces Risks That May Trigger Econ Downward Spiral – World Bank

13:24, 05 Mart. 2009
Romania faces risks related to the pro-cyclic fiscal policy, salaries, external financing and foreign demand cut, which might trigger an economic downward spiral and banking sector woes, according to a World Bank report issued for Romanian authorities.

Romania To Decide On IMF Loan After Analyzing Terms

15:45, 04 Mart. 2009
The International Monetary Fund presented to the Romanian delegation in Washington a series of conditions for a potential agreement, and a decision to inviting IMF experts to Bucharest to negotiate a loan will be made after the Romanian authorities analyze the proposed terms.

Ţintele spionilor: unităţile de la Babadag şi Medgidia

10:36, 04 Mart. 2009
Scandalul spionilor care au furat şi transmis informaţii secrete ale Armatei catre Rusia, prin intermediari bulgari şi ucraineni – după cum susţin surse militare – face prima victimă: ataşatul militar al Ucrainei la Bucureşti, Serghei Ilnitski, a fost expulzat din România fiind suspectat de implicare în spionaj.

Romanian Petty-Officer, Foreign Citizen Arrested As Spies

18:15, 02 Mart. 2009
One petty-officer within the Romanian Ministry of Defense and one foreign citizen were placed under preventive arrest for 29 days, at the proposition of organized crime prosecutors, the charges being treason through the transmission of secretes and espionage.

Romanian Delegation Talks With IMF On Potential Agreement – Sources

17:58, 02 Mart. 2009
A Romanian delegation including central bank deputy governor Cristian Popa and Finance Ministry secretary of state Bogdan Dragoi is currently in Washington to discuss with the International Monetary Fund a potential agreement, official sources told MEDIAFAX.

Eleven Soldiers Tried In Romanian Weapon Heist Case

16:10, 02 Mart. 2009
Eleven Romanian soldiers were sent to trial, in the weapon heist case at the military base Ciorogarla, under charges of theft, absence without leave and violation of the weapons and ammo regulations.