English

Romania’s 2010 Edition Of B’estfest Festival Canceled

14:28, 01 Mart. 2010
The 2010 edition of Romania’s B'estfest music festival has been canceled on lack of funds, organizers said Monday, but British electronic band Faithless will hold a concert in Bucharest on July 16.

Danube Rises On Romanian Territory, Risks For Population Are Low

14:25, 01 Mart. 2010
The flow of the Danube is currently above flood warning levels in four Romanian hydrometric stations and it continues to rise, according to Romanian water administrator ANAR.

Romania’s Feb Forex Reserves Rise EUR1.7B To EUR29.74B

13:07, 01 Mart. 2010
Romanian foreign exchange reserves rose EUR1.7 billion in February to an all-time high of EUR29.739 billion, fueled by two tranches from the International Monetary Fund, according to central bank data released Monday.

Romanian Recently Discovered Pop Art Genius Meets Angelina Jolie In Paris

09:23, 01 Mart. 2010
Romanian recently discovered collage artist Ion Barladeanu met Angelina Jolie in Paris where he exhibited his art collection named “Realpolitik”, at the Anne de Villepoix gallery.

Bob Dylan To Hold Concert In Bucharest On June 2

21:02, 28 Feb. 2010
American singer and songwriter Bob Dylan will hold a concert in Bucharest on June 2, according to the musician’s official site.

Romania’s Economy Min Resumes Debates On Draft Law Supporting Young Entrepreneurs

19:41, 28 Feb. 2010
Romanian youths that plan to set up firms will be exempt from paying taxes on profit and salaries in the first three years, according to a draft law put up for public debate by Romania’s Ministry of Economy, Commerce and Business Environment, after a similar draft act was debated in September 2009.

Romania’s Nuclear Power Plant Cernavoda Shuts Down Nuclear Reactor Due To Technical Problems

18:47, 28 Feb. 2010
Romania’s nuclear power plant in Cernavoda Sunday morning temporarily shut down one of its nuclear reactors, following certain problems in the building protecting the Unit 2 nuclear reactor.

Romanian Democrat Liberal Senators Propose Draft Law To Amend Fiscal Code

15:07, 28 Feb. 2010
Several Romanian democrat liberals proposed a draft law to amend the Fiscal Code so that companies that signed service contracts with the state should pay the value added tax only after the state pays back the money owed for the respective services, said democrat liberal senator Orest Onofrei.

Romania’s Construction Mkt To See Growth In 2H Of 2010 – Lafarge Romania

15:04, 28 Feb. 2010
Romania’s construction market will see growth in the second half of 2010 if Romanian authorities support the economic sector and start big construction projects, cement producer Lafarge Ciment manager Philippe Questiaux told MEDIAFAX Sunday.

“The Concert” By Romanian-Born Radu Mihaileanu Wins A César For Best Musical Score

11:42, 28 Feb. 2010
“The Concert” by Romanian-born French film director and screenwriter Radu Mihaileanu was awarded a César for best sound and best musical score, in a ceremony that took place Saturday at the Théâtre du Châtelet in Paris.

Romania RomTelecom Urges Partners To Hire Part Of Employees To Be Laid Off In May

16:16, 27 Feb. 2010
Romania’s telecom operator RomTelecom urged several of its business partners to hire a part of the 600 employees that will be laid off in May, RomTelecom said in a press release Saturday.

No Romanian Nationals Died In 8.8-Magnitude Earthquake Which Hit Chile

14:21, 27 Feb. 2010
Romania’s Embassy to Chile contacted a part of the Romanian nationals living in Chile, following an 8.8- magnitude earthquake that struck the South American country early Saturday, and no victims have been reported among Romanians so far, Romanian Foreign Ministry spokesman Lucian Rosenfeld told MEDIAFAX Saturday.

Romania, Bulgaria To Call On EU To Extend Interval To Finance Works On Vidin-Calafat Bridge

13:15, 27 Feb. 2010
Romania’s Prime Minister Emil Boc said Friday, during an official visit to Bulgaria, the two countries will call on the European Union to extend the interval of financing works on the Danube Bridge linking Calafat in Romnaia to Vidin in Bulgaria, so that the construction of the bridge be finished by July 2011.

Romanian Minority In Bulgaria To Benefit From Television, Radio Airtime

10:10, 27 Feb. 2010
The Romanian minority in Bulgaria will benefit from airtime on the Bulgarian public radio and television and will be granted all rights as minority, especially the right of using and learning Romanian in schools.

Romanian Pirate-Abducted Sailor Is In Alleged Mortal Danger

20:47, 26 Feb. 2010
The Romanian sailor onboard the ship Rim, which was captured by Somali pirates in the Indian Ocean, on February 2, telephonically announced his girlfriend that the pirates are threatening to kill him Friday if the ransom is not paid.

Romanian Environment Min Wants Clunkers Program To Include Public Authorities

18:22, 26 Feb. 2010
Romanian Environment Minister Borbely Laszlo told a press conference Friday that he wants to extend the local clunkers program to include local authorities and institutions, adding he hopes to get the Government to drop the ban on new purchases of vehicles applied to public institutions.

United States To Deploy Some 20 Missile Interceptors In Romania – Romanian Foreign Min

18:18, 26 Feb. 2010
Romanian Foreign Minister Theodor Baconschi said Friday the United States will deploy about 20 antiballistic missile interceptors on Romanian soil and negotiations regarding the proper missile interceptor locations are likely to take one and a half years.

Statistics Show Btw 17,000 And 24,000 Injected Drug Users In Bucharest In ‘09

17:06, 26 Feb. 2010
Romania's capital Bucharest had between 17,000 and 24,000 injected drug users in 2009, the leader of the presidential committee analyzing social and demographic risks, Marian Preda, said Friday.

Romania’s Fin Min Urged To Exempt Disabled People From Paying Taxes On Salary, Pension

14:59, 26 Feb. 2010
Romania's National Authority for People with Disabilities (ANPH) Friday urged the Finance Ministry to amend a Government decision which applies taxes on the salaries and pensions of people with serious disabilities.

A 1.5% GDP Growth In 2010 Seen Healthy For Romania – BRD

14:28, 26 Feb. 2010
An economic growth of around 1.5% in 2010 would be a healthy recovery for Romania after last year’s steep correction, officials of Romania’s second largest lender BRD-Societe Generale said Friday.

Romania, Bulgaria Request More Time To Co-Finance EU-Funded Projects

14:27, 26 Feb. 2010
The Romanian and Bulgarian governments signed a declaration calling on the EU to extend the interval of eligible expenses related to projects co-financed through the IPSA program and Cohesion Fund to December 31, 2011.

Romania, Bulgaria Mull Scrapping Danube Bridge Tolls

13:54, 26 Feb. 2010
Romanian and Bulgarian officials are looking into the possibility of discarding tolls charged for the use of the Danube Bridge linking Giurgiu in Romania to Ruse in Bulgaria.

Romanian-Moldovan Small Border Traffic Agreement Effective As Of Friday – FM

12:56, 26 Feb. 2010
Romania’s Foreign Affairs Ministry said the Agreement on Small-Scale Border Traffic between Romania and the Republic of Moldova comes into effect as of Friday, February 26.

Romania January Monthly Inflation Highest In EU

12:54, 26 Feb. 2010
Consumer prices in Romania rose 1.7% in January compared with the month earlier, the highest monthly rate in the European Union, official data showed Friday.

Romanian Fmr Social Democrats Mull Center-Left Party Setup

12:01, 26 Feb. 2010
Romania’s Defense Minister and leader of independent lawmakers Gabriel Oprea, a former social democrat, said Friday his friend, Marian Sarbu, who quit the social democrats earlier Friday, will have an important role in a future center-left party he pans to set up.

Former Romanian Labor Minister Sarbu Leaves Social Democratic Party

11:24, 26 Feb. 2010
Romanian social democrat and former labor minister Marian Sarbu announced Friday, after meeting with Social Democratic Party leader Victor Ponta, that he has left the party and will probably join the group of independent MPs.

Romania Feb-Apr Indus Stable; Constructions, Services Poised To Fall

10:04, 26 Feb. 2010
Romanian managers expect the industrial sector to be relatively stable in February through April, while the services, constructions and retail sectors are seen falling compared with the previous three months, official data showed Friday.

Austrian Erste 2009 Net Profit Falls 6% To EUR976.6M

09:35, 26 Feb. 2010
Austria's Erste Group Bank AG (EBS.RO) Friday reported a 6% decline in its full-year net profit to EUR976.6 million, from EUR1.038 million in 2009, on flat assets.

Romania’s Unirea Urziceni Misses Qualification In Europa League’s Last 16

09:21, 26 Feb. 2010
Romania’s Unirea Urziceni on Thursday missed qualification in the Europa League’s last 16 after losing 3-1 (2-1) at home to England's FC Liverpool in the Europa League’s last 32 return match.

Romania BCR 09 Net Pft At RON871.7M, Dn 43% YY

09:10, 26 Feb. 2010
Romania’s largest lender Banca Comerciala Romana, or BCR, on Friday reported a net profit after taxes and minority interests of 871.7 million lei (EUR206.3 million) for 2009, down 43% on the year, on higher provision expense and lower fee income due to falling consumer demand for loans.

Romania 2009 Public Debt Rises To 29.3% Of GDP

21:20, 25 Feb. 2010
Romania’s public debt rose to 29.29% of the gross domestic product in 2009 from 21.8% of GDP the year before, according to Finance Ministry data released Thursday.

Romanian Pvt Authority May Lay Off 150 People To Meet Budget Needs

21:15, 25 Feb. 2010
Romanian Privatization Authority AVAS may lay off 150 people, representing over one third of its staff, to meet the budget assigned for 2010, AVAS’s president Aurelian Popa told MEDIAFAX Thursday.

Romanian Magistrates Vote Livia Stanciu For Supreme Court President

17:59, 25 Feb. 2010
Romania’s High Council of Magistrates on Thursday voted judge Livia Doina Stanciu to be president of the country’s High Court of Justice, but the appointment is pending approval by President Traian Basescu.

Romanian PM Calls For Romanian Minority Representation In Hungarian Parliament

17:04, 25 Feb. 2010
The Romanian community in Hungary should be granted representation in Parliament, while instances of minorities being represented by people who do not even know that group’s language should be eliminated, Romanian Prime Minister Emil Boc said.

Romanian Social Democrats Want Two-Chamber Parliament, Compulsory Voting

16:07, 25 Feb. 2010
Romania's leftist Social Democratic Party president Victor Ponta said Thursday he wants the country’s revised Constitution to provide for compulsory voting and a two-chamber Parliament.

Romania PM Pushes For High Speed Rail Line On Paris-Budapest-Constanta Route

14:54, 25 Feb. 2010
Romania’s Prime Minister Emil Boc said Thursday connections must be developed to extend the high speed rail line Paris-Strasbourg-Bratislava towards Budapest, capital city Bucharest and Constanta, on the Black Sea Coast, adding this investment project must become a priority of the Danube Strategy.

Aerosmith To Play Bucharest On June 18

14:40, 25 Feb. 2010
American rock band Aerosmith will play Bucharest on June 18, within the new Aerosmith European tour which starts on June 10 in Sweden, according to the band’s official website, www.aeroforceone.com.

New Law On Early Loan Repayment Fees To Increase Romanian Bank Competition – Watchdog

14:10, 25 Feb. 2010
Changing Romanian legislation on early loan repayment fees will lead to stiffer competition between banks, lower interest rates and restart lending, Competition Council president Bogdan Chiritoiu said on Thursday.

Romanians Spent 6% More On Consumer Goods In ’09, Switched To In-Home Consumption – Survey

14:04, 25 Feb. 2010
Price hikes prompted Romanians to spend nearly 6% more on consumer goods in 2009, compared with 2008, and switch to in-home consumption, which triggered higher sales of edible oil, beer and coffee, according to a survey by market research company GfK.

Romania OMV Petrom 4Q Net Loss Narrows To RON171M

09:41, 25 Feb. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) Thursday reported a net loss of 171 million lei (EUR1=RON4.1269) in the fourth quarter, much lower than RON1.27 billion in the same period a year ago, on reduced revenue.