romania

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.

Moldovan President Says Romania Behind Transdniester Conflict

16:00, 28 Apr. 2008
The Romanian authorities convinced former Moldovan president Mircea Snegur to start a war with the breakaway region of Transdniester, Acting President Vladimir Voronin said in a television show, quoted by unimedia.md.

EU Trims Romania 2008 Wage Growth To 10.4% From 12.2%

15:26, 28 Apr. 2008
The European Commission on Monday estimated average wages in Romania will see a 10.4% growth in 2008, down from a previous forecast of 12.2%, the commission said in its spring report.

EU Ups Romania 2008 Forecast To 6.2% From 5.9%

14:22, 28 Apr. 2008
The European Commission Monday upped its Romanian economic growth forecast for 2008, on higher demand and wage growth.

IMF: Romania’s Wage Policy Lacks Transparency

18:45, 23 Apr. 2008
Romania’s public wage policy is not entirely transparent, given the bonuses granted to employees that add to base salaries, the International Monetary Fund said Wednesday.

Romania, France To Support French Investors Who Take On EU-Cofinanced Projects

16:40, 22 Apr. 2008
Romanian Premier Calin Popescu Tariceanu and his French counterpart François Fillon on Tuesday agreed to offer support to French investors who take on Romanian projects co-financed from EU funds, following the strategic partnership the two countries signed recently.

Romania To Attend Beijing Olympics

15:52, 22 Apr. 2008
The Romanian Olympic Committee announced that Romania will attend the Olympic Games in Beijing unconditionally, a decision made after consultations between Romanian president Traian Basescu and the president of the committee, Octavian Morariu.

Romania, Among Emerging Mkts Most Exposed To Credit Squeeze – S&P

14:06, 21 Apr. 2008
Romania ranks third, after Iceland and Lebanon, in a Standard & Poor's classification of the most vulnerable emerging markets if the global credit squeeze tightens, the rating agency said Monday.

Short Film Promoter “Future Shorts” To Enter Romania On April 24

17:56, 17 Apr. 2008
Future Shorts, the world’s largest network of short films, which aims to promote films through monthly events, will enter Romania on April 24, with a series of screenings and an after party with guests including Ada Solomon, Radu Jude, Tudor Giurgiu.

Analysts Worried About Foreign Negative Sentiment On Romanian Economy

16:07, 16 Apr. 2008
Romanian economic analysts on Wednesday voiced their concern over recent estimations on the country’s financial and banking evolution made by foreign analysts, saying their pessimistic evaluations come at a time when foreign investors show prudence toward emerging markets.

EIU Keeps Warnings On Romania’s Vulnerability To Intl Financial Mkt Turmoil

16:48, 15 Apr. 2008
The Economist Intelligence Unit (EIU) in its latest global forecast report maintained warnings on Romania’s vulnerability to international financial market turmoil, mainly due to its high external financing needs.

S&P Keeps Romania Outlook To Negative

19:03, 14 Apr. 2008
Standard&Poor’s on Monday affirmed its “BBB-/A-3” foreign currency and “BBB/A-3” local currency sovereign credit ratings on Romania, with negative outlook, reflecting the country’s inappropriate policy response to the growing macroeconomic imbalances.

EC Wants New Danube Bridge Btw Romania, Bulgaria Operational By End 2010

17:14, 14 Apr. 2008
The cross-border bridge over Danube River between Romanian city of Calafat and Bulgaria’s Vidin should be operational by the end of 2010, European Commission official Jeroen van Oel told the Bulgarian side during a meeting on the project, quoted by Bulgarian daily “Dnevnik.

Nokia To Lose Incentives For Romanian Plant If Eligible Expenses Top EUR50M-Official

16:46, 11 Apr. 2008
Finnish mobile phone giant Nokia might lose the fiscal incentives for its plant in the Tetarom III industrial park, northwestern Romania, as company officials consider increasing investments in the project, Tetarom director Viorel Gavrea said Friday.

Romanian Pres Discusses Bucharest City Hall Candidates, Chooses Favorite

00:04, 10 Apr. 2008
Romanian president Traian Basescu said on television station B1 Tv that Vasile Blaga, the democrat liberal candidate for Bucharest city hall, will "pulverize" Miron Mitrea, whose name is mentioned as social democrat candidate for the same position.

Ukraine Interested In Acquiring Romania’s 27% Stake In Krivoy Rog Mining Plant

19:33, 09 Apr. 2008
Ukraine is interested in taking over Romania’s 27% stake in mining plant at Krivoy Rog, the Romanian Ministry of Economy and Finance said in a statement Wednesday.

Romanian Interior Min Demands Police Establish Clear COD In Crulic’s Case

18:38, 09 Apr. 2008
Romanian Interior Minister Cristian David requested the national Police take necessary action to “establish with certainty” the circumstances surrounding the death of Romanian Crulic Claudiu, who died in a Polish hospital following an ignored hunger strike.

IMF Sees Romania’s Inflation Slowing To 6.3% In ’08

17:52, 09 Apr. 2008
Romania’s 2008 consumer price index is seen rising by 6.3% at the end of the year, a slowdown compared with 6.57% in December 2007, the International Monetary Fund, or IMF, said in a report.

Israeli Investment In Romania Tops EUR2 Billion-Attaché

17:43, 09 Apr. 2008
Israeli investments in Romania exceeded EUR2 billion, the bulk of which being directed to the real estate sector, according to Israeli Embassy commercial attaché Yifat Inbar.

Fitch Bank Systemic Risk Assessment On Romania Blind To Country’s Realities – Bker

11:54, 08 Apr. 2008
Romania stands at a different level than Fitch places it, and the rating agency based its estimates on effects of international turmoil without knowing Romanian realities, Radu Gratian Ghetea, head of the Romanian Banking Association, or ARB, said Tuesday.

Romania Maintains Moderate Terror Alert After NATO Summit

15:13, 07 Apr. 2008
Terror alert in Romania was kept to a “moderate” level, even if the NATO summit ended last Friday, according to the official site of the Romanian Intelligence Agency – www.sri.ro.

Fitch Places Romania In Highest Bank Systemic Risk Category

13:31, 07 Apr. 2008
Fitch Ratings on Monday placed Romania in the highest macro prudential risk category (MPI 3), due to accelerated lending growth and the rise in the domestic currency in the first half of last year, according to the agency’s Bank Systemic Risk report.

Romania Brings Home Five European Gymnastics Medals

18:10, 06 Apr. 2008
The Romanian women’s gymnastics team won five medals, two gold, two silver and one bronze, within the European Gymnastics Championship concluded Sunday in Clermont-Ferrand (France).

European Commission Sends Romania Final Warning On 112 Issue

17:18, 03 Apr. 2008
The European Commission sent Romania one final warning regarding the single emergency telephone number 112, indicating that the system continues to function inadequately.

Romania Seeks To Lure British Investors In Energy, Banking Fields

19:43, 02 Apr. 2008
Romania will organize in the second half of 2008 a conference on energy and banking subjects, aimed to attract British investors in the field, Premier Calin Popescu Tariceanu said Wednesday after a meeting with his British counterpart Gordon Brown.

U.S. Official Assures Romanian PM Of Support For Visa Waiver Program

15:00, 02 Apr. 2008
U.S. House of Representatives member Ellen Tauscher assured Romanian Prime Minister Calin Tariceanu of her support for Romania to be included in the Visa Waiver Program.

Romania In EU Top Ten According To Livestock Numbers In ‘07

12:10, 01 Apr. 2008
Romania ranked among the top ten countries in the E.U. by number of cattle and swine in 2007, the Romanian Statistical Institute, or INS, said Tuesday.

Romanian President Says NATO Must Ensure Safe Energy Transport In Europe – Paper

11:09, 01 Apr. 2008
NATO is not a humanitarian organization, but a military alliance which must guarantee safe energy transports in Europe, Romanian President Traian Basescu told Swiss daily Le Temps ahead of the NATO summit to start in Bucharest April 2.

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.