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IMF Loan Helped Romania Avert Potential Currency Crisis – Ctrl Bker

19:04, 25 Nov. 2009
Without the EUR20 billion aid package obtained in the spring, Romania might have been unable to prevent growing pressure on the leu, which in turn would have negatively impacted inflation and the leu-denominated household financial assets, central bank’s governor Mugur Isarescu said.

Bechtel To Build Other 42 Km Of Transylvania Highway In 2010- Romania’s Transport Min

15:15, 25 Nov. 2009
Romania’s Transport Minister Radu Berceanu said Wednesday that Bechtel, the U.S. constructor of the Transylvania highway, “can build other 42 kilometers next year” although the budget for 2010 has not been established yet.

Bucharest Apartment Prices Dn 45% On Year In Nov – Survey

15:14, 25 Nov. 2009
Bucharest apartment prices fell by an average 45% between November 2008 and November 2009, with the biggest fall registered by newly-built three-room apartments, according to a national index launched Wednesday by imobiliare.ro website.

Parent Bks Overall Exposure To Romania Dn By EUR1.2B Since End-Mar – Sources

15:09, 25 Nov. 2009
The parent banks of Romania’s top nine lenders have reduced their overall exposure to Romania by EUR1.2 billion (3.8%) between end-March and October, according to participants in the November 18 banking meeting in Brussels.

Tatars Call On Romanian Muslims To Back Leftist Candidate, Criticize President’s Statement

15:04, 25 Nov. 2009
Romanian Muslims should vote for social democrat Mircea Geoana in the presidential election runoff, recommended the Democratic Union of Tatars in Romania (UDT), offended by rival candidate Traian Basescu’s statement that his best deed was christening a Muslim.

Romanian Senators Adopt Law Protecting Consumer’s Right To Annul Contract

14:24, 25 Nov. 2009
Romanian senators adopted Wednesday a law whereby the consumer’s right to challenge or annul a contract may not be prevented or obstructed by any contractual clause or agreement, but that such clauses are considered naturally void.

Romanian Carpatair Teams Up With Hungary’s Malev For New Budapest-Venice Codeshare Flight

13:49, 25 Nov. 2009
Romanian airliner Carpatair, based in western city of Timisoara, will operate a direct flight from Budapest in Hungary to Venice in Italy, as of December 7, based on a code-share partnership with Hungarian airliner Malev.

AH1N1 Flu In Romania: 197 New Infections, 2,455 Total Cases

13:49, 25 Nov. 2009
The Romanian Health Ministry Tuesday confirmed other 197 new infections with the AH1N1 virus, bringing the total number of cases to 2,455, and most infections were registered in capital city Bucharest (77), Hunedaoara county (19) and Botosani (14).

Romanian Social Democrat And Liberal Leaders Sign Party Cooperation Agreement

13:48, 25 Nov. 2009
Romanian social democrat leader Mircea Geoana and liberal leader Crin Antonescu signed Wednesday the agreement of cooperation between the two parties, whereby liberals will back Geoana in the presidential elections runoff.

INTERVIEW: Salman Rushdie: Writing Is My Way Of Responding To The World

13:32, 25 Nov. 2009
Indian-born British writer Salman Rushdie, on a three-day visit to Romania, told MEDIAFAX in an interview that writing is his way of responding to the world, to things that disturb, interest or confuse him.

Romania’s Leasing Mkt Seen In 2010 At This Year’s Level, In Best Case Scenario

11:04, 25 Nov. 2009
Romania’s leasing market will reach in 2010, in the best case scenario, this year’s level estimated at maximum EUR1.5 billion, but it is also likely to go below this threshold, depending on the economic evolution, according to representatives of local leasing companies.

Romanian Presidential Election Final Results: Basescu – 32.44%, Geoana – 31.15%

11:02, 25 Nov. 2009
Romania’s incumbent president Traian Basescu obtained 32.44% of the votes in the first round of elections and social democrat candidate Mircea Geoana got 31.15%, according to final results released Wednesday by the Central Electoral Bureau after the counting of ballots in all polling stations.

Romania’s Unirea Urziceni Defeats FC Sevilla 1-0 In Champions League

09:23, 25 Nov. 2009
Romania’s champion team Unirea Urziceni defeated Spain’s Sevilla with a 1-0 win in the Champions League on Tuesday after an own goal by Ivica Dragutinovic.

Romania Labor Ministry Wants 8,000 Work Permits Released For Foreigners In 2010

15:58, 24 Nov. 2009
Romania might release 8,000 work permits in 2010 for citizens of non-European Union countries, which would bring nearly EUR1,600,000 in revenues to the state budget, according to a draft decision put up for debate by the country’s Labor Ministry.

Romania Farming Agency Paid RON642M To Farmers

15:06, 24 Nov. 2009
Romania's Farming Agency for Payments and Intervention in Agriculture (APIA) paid 642.3 million lei (EUR1=RON4.2648) to beneficiaries of the Single Area Payment Scheme (SAPS), the 70% downpayment of the approved amount, the institution announced Tuesday.

Romanian President Says Won’t Negotiate Votes For Election Runoff

14:08, 24 Nov. 2009
Romanian President Traian Basescu said Tuesday in a campaign speech he doesn’t plan to negotiate votes for the presidential election runoff on December 6, where he is to compete against social democrat Mircea Geoana, adding votes belong to Romanians, not politicians.

Romanian Leu Rises Vs Euro, Exch Rate Hits 7-Wk High At RON4.2648

14:06, 24 Nov. 2009
Romanian leu edged higher against the euro in mid trade Tuesday, amid growing international confidence in the German economy, and the central bank’s reference rate gained 0.4% on the day at RON4.2648, the strongest level in the past seven weeks.

Appetite For Consumption, Retail Expansion In Romania Seen Reviving In 2H 2010

14:03, 24 Nov. 2009
Romanians’ appetite for consumption and investors' initiative for retail expansion will return in the second half of 2010, officials of real estate service company Cushman&Wakefield said Tuesday.

Romania Registers Second AH1N1 Fatality

13:39, 24 Nov. 2009
Romania has registered a second fatality due to the AH1N1 flu virus, the country’s Health Ministry said Tuesday.

Romanian NGOs Challenge Legality Of Referendum Before Constitutional Court

13:37, 24 Nov. 2009
Romanian NGOs “Pro Democratia” and the Press Monitoring Agency (AMP) filed a complaint with the Constitutional Court against the referendum held Sunday, November 22.

Romania Oct Private Lending +0.7% On Mo, At RON201.2B

13:09, 24 Nov. 2009
Romanian private lending rose 0.7% in real terms on the month in October to 201.2 billion lei (EUR1=RON4.2809), but inched down 0.1% on the year, central bank data showed Tuesday.

Over 90% Of Bucharest Buyers Would Pay Below EUR100,000 For Housing – Survey

11:57, 24 Nov. 2009
Over 90% of Bucharest citizens intend to buy apartments for less than EUR100,000, while only 2% can afford to buy dwellings priced at over EUR150,000, according to real estate portal Imopedia.

Romanian Presidential Election Prelim Results At GMT0800: Basescu – 32.42%, Geoana – 31.17%

10:23, 24 Nov. 2009
Romania’s incumbent president Traian Basescu obtained 32.42% of the votes in the first round of elections and social democrat candidate Mircea Geoana got 31.17%, according to preliminary results released Tuesday by the Central Electoral Bureau after counts in 99.92% of poling stations.

Romanian Pharmacists On Go-Slow Strike Tuesday, Wednesday

09:35, 24 Nov. 2009
Romanian pharmacists will be on go-slow strike Tuesday and Wednesday in protest they did not receive the money from health insurance authorities for the medicines sold in the last five months, and ask the Government to find solutions.

Most Romanian-Owned Retail Chains Entered Insolvency In ‘09

18:47, 23 Nov. 2009
The leading Romanian-owned supermarket chains were deeply affected by the economic crisis this year, as they were confronted with a sluggish demand, high debts and a lack of financing, and most of them entered insolvency procedures.

Romania Ctrl Bank Oct Lombard Lending At RON19.4B

18:30, 23 Nov. 2009
Romanian banks borrowed in October 19.4 billion lei (EUR1=RON4.2809) from the central bank through the Lombard facility, 40% more compared with RON13.87 billion borrowed in September, central bank data showed Monday.

Romanian Presidential Election Prelim Results At GMT1500: Basescu – 32.52%, Geoana – 30.77%

17:34, 23 Nov. 2009
Romania’s incumbent president Traian Basescu obtained 32.52% of votes in the first round of elections and social democrat candidate Mircea Geoana got 30.77%, according to preliminary results released by the Central Electoral Bureau after counts in 96.55% of polling stations.

Salman Rushdie Arrived In Bucharest Monday

16:32, 23 Nov. 2009
World-renowned author Salman Rushdie arrived in Bucharest Monday at about 2.30 p.m. and will stay in Romania between November 23 and November 26 to meet with his readers and the press.

Romania Election Observes Intl Standards, Problems At Special Polling Stations – OSCE

16:02, 23 Nov. 2009
The Organization for Security and Co-operation in Europe mission chief in charge with evaluating the unfolding of elections in Romania said Monday the presidential vote observed international standards, but highlighted certain problems occurred at special polling stations.

Romania’s Health Min Allots 1.34M AH1N1 Vaccine Doses For Certain Population Categories

15:16, 23 Nov. 2009
Romanian Health Ministry’s Coordination Committee decided Monday on the categories of population who should benefit first from vaccination against the AH1N1 virus, and 1.34 million doses will be used on healthcare staff, students and militaries.

Romanian Presidential Election Prelim Results AtGMT1200: Basescu – 32.74%, Geoana – 30.16%

14:33, 23 Nov. 2009
Romania’s incumbent president Traian Basescu obtained 32.74% of votes in the first round of elections and social democrat candidate Mircea Geoana got 30.16%, according to preliminary results released by the Central Electoral Bureau after counts in 85.88% of polling stations.

Romania’s „Police, adjective” Gets Jury’s Special Mention At Ljubljana Film Festival

13:54, 23 Nov. 2009
"Police, adjective" by Romanian director Corneliu Porumboiu was awarded Sunday evening the jury’s special mention at the 20th edition of the Film Festival in Ljubljana (Slovenia), according to the festival’s website.

Coface Sees Romanian GDP Up 1% In 3Q, 4Q 2010

13:53, 23 Nov. 2009
Romania's economy might post a growth of around 1% in the last two quarters of 2010, risk management company Coface officials said Monday.

Romania Registers First AH1N1 Fatality

13:49, 23 Nov. 2009
Romania has registered a first fatality due to the AH1N1 virus, Health Ministry secretary of state Adrian Streinu-Cercel said Monday.

Hiking VAT, The Easiest Way To Increase Budget Revenue In Romania – PwC

13:38, 23 Nov. 2009
Increasing the value added tax rate would be the easiest solution for budget revenue growth in Romania, but such a measure would trigger short-term inflationary pressure, said Monday Peter de Ruiter, partner with PricewaterhouseCoopers (PwC) Romania.

Romanian Social Democrats Expect Support From Liberals In Dec 6 Presidential Runoff

13:35, 23 Nov. 2009
Romanian social democrat leader and presidential candidate Mircea Geoana said Monday the social democrats believe in a majority created with the liberals, a majority already formed around prime minister nominee Klaus Johannis, which could function after December, with Johannis as prime minister.

Romanian Retailer PIC Files For Bankrupcy

13:32, 23 Nov. 2009
Romanian retail chain PIC filed for bankruptcy on November 16, part of the company’s restructuring process, the retailer said in a statement Monday.

Romanian Liberal Leader Refuses To Back Basescu For Reelection

12:59, 23 Nov. 2009
Romanian liberal leader Crin Antonescu, who secured third place in voters’ preferences in the first round of presidential election Sunday, said he excludes any alliance with incumbent President Traian Basescu and won’t back him in the December 6 election runoff.

Bucharest Subway Co Metrorex To Spend Some RON55.4M On Studies For New Mainline

12:08, 23 Nov. 2009
Bucharest subway company Metrorex will pay some 55.42 million lei (EUR1=RON4.2817), VAT not included, on pre-feasibility and feasibility studies for a new mainline to connect Unirii Square in central Bucharest to Rahova and Colentina neighborhoods, in southwestern and northeastern Bucharest.

Romanian Referendum Prelim Results At GMT0900: 77.39% For Single-Chamber Parl, 88.87% For Downsizing

11:24, 23 Nov. 2009
In Romania’s referendum Sunday, 77.39% of voters supported a single-chamber Parliament, and 88.87% supported downsizing the Parliament to a maximum 300 MPs, according to preliminary results published Monday morning, after counting the votes in 69.71% of polling stations.