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Romania Ctrl Bk July Lombard Lending Hits 4-Mo High

13:10, 26 Aug. 2009
Romanian lenders borrowed in July 1.299 bilion lei (EUR1=RON4.2236) from the central bank through the Lombard loan, the highest level since March, the central bank said Wednesday.

Romania Shortlists 10 Bks To Lead EUR500M Eurobond Issue – Sources

13:07, 26 Aug. 2009
Romania’s Finance Ministry shortlisted ten banks in an auction to select the lead manager of a five to ten years Eurobond issue worth at least EUR500 million, people familiar with the matter said Wednesday.

Number Of Romanian Bad Loan Payers Exceeded 600,000 Persons In Jun

12:42, 26 Aug. 2009
The number of bad loan payers with loans overdue by more than 30 days exceeded 600,000 persons in June, according to the data of the Credit Bureau published by the central bank.

Moody’s Sees Romanian GDP At -8.9% In ’09

19:59, 25 Aug. 2009
Romanian economy is likely to contract by 8.9% this year on falling domestic demand, while the first signs of recovery are not expected until mid next year, rating agency Moody’s said Tuesday.

Romania Avg Monthly Wage To Reach RON3,430 In 2015 – Fin Min

15:17, 25 Aug. 2009
Romania’s gross average wage will remain flat next year at 2,199 lei (EUR1-RON4.2236) a month, after which will grow by up to 56% to RON3,430 a month in 2015, Finance Minister Gheorghe Pogea said Tuesday.

Romanian Govt, IBRD Cancel $35M From ’06 Loan For Transports

15:01, 25 Aug. 2009
The Romanian Government and the International Bank for Reconstruction and Development (IBRD) decided to cancel the $35 million installment from a $180 million loan approved in 2006 for infrastructure and transports, and to widen the lending interval for the third time, until the end of this year.

Romanian Interior Min Demands 15% Share From Taxes Collected

14:49, 25 Aug. 2009
The Romanian Ministry of Interior wants a 15% share from the taxes it collects for the state budget, to be used by the ministry, according to a draft emergency ordinance, publicly debated until September 3.

Romania’s Public Sector To Scrap 326,000 Jobs By 2015 – Fin Min

14:27, 25 Aug. 2009
Romania’s public sector will scrap 326,000 jobs and will have 1.068 million employees from the current 1.394 million by 2015, the deadline for the enforcement of the unitary pay law, finance minister Gheorghe Pogea said Tuesday.

Romanian Ambassador To Bulgaria Denies Collaboration With Former Communist Secret Police

14:02, 25 Aug. 2009
Romania’s Ambassador to Bulgaria, Anton Pacuretu, told MEDIAFAX Tuesday that he never collaborated, give memos or sign any agreement with the former Romanian communist secret police "Securitate".

Romanian Government To Set Up The Final Form Of The Unitary Wage Draft Law

14:02, 25 Aug. 2009
In Romanian, the gross minimum wage, taken as reference in the unitary wage law in the public sector, will rise in 2010 from RON600 (EUR1=RON4.2236) to RON705 and will continue to increase until 2015, to RON1,100.

Romanian July Private Lending Dn 0.1% MM To RON197.9B

13:24, 25 Aug. 2009
Romanian private lending fell 0.1% on the month in July to 197.9 billion lei (EUR1=RON4.2238), but was up 5.4% in real terms compared with the same month of 2008, the central bank said in a statement Tuesday.

French Correctional Court Sentences Three Romanians To Prison On Assault Charges

12:30, 25 Aug. 2009
A correctional court in Bordeaux, France, sentenced three Romanian nationals to prison on charges of assault against drivers who refused to give them money in exchange for windshield cleaning, Sud Ouest informed.

Public Sector Low Wages To Go Up Until 2015, High Wages To Freeze – Romanian PM

12:27, 25 Aug. 2009
The unitary pay law for the public sector enables the accelerated increase of low wages until 2015 and triggers the freezing of high salaries for a certain period, until the difference between the minimum and the maximum pay will be reduced, Romanian Prime Minister Emil Boc said Tuesday.

Sales Of New Apartments In Cap City Dn 6-Fold In 1H – Colliers

18:15, 24 Aug. 2009
The number of new apartments sold in the capital city Bucharest was almost six-fold lower in the first semester, at 515 units, from 3,000 units in the same period a year ago, according to a survey of Colliers real estate consultancy company.

Romanian Reporter Hit By Official Protection Car, Driver Kept Going

17:50, 24 Aug. 2009
One of the Protection and Guard Service (SPP) cars escorting social democrat leader Mircea Geoana slightly hit a reporter in front of the Social Democratic Party headquarters Monday, but the driver didn’t stop the car.

Romanian Journalist Accuses Head Of State’s Brother Of Involvement In Terrorism

17:47, 24 Aug. 2009
Reputed Romanian journalist Sorin Rosca Stanescu said, on his personal website, that the Romanian president’s brother, Mircea Basescu, is allegedly involved in an explosives trafficking business alongside an alleged terrorism affiliation suspect named Bakri Imad Abdul Reda.

Cigarettes In Romania To Cost RON0.40 More Per Pack As Of Sep 1

17:44, 24 Aug. 2009
The price for a pack of cigarettes will grow in Romania by 0.40 lei (EUR1 = RON4.2238) starting with September 1, once the excise for tobacco is increased by EUR7, from EUR57/1,000 cigarettes to EUR64/1,000 cigarettes, according to the representatives of the main cigarette makers in Romania.

Romanian Govt Plans To Lay Off Over 2,000 Employees In Energy Field In ’09

16:53, 24 Aug. 2009
The Romanian Government decided to lay off over 2,000 employees in the energy companies under the subordination of the Economy Ministry in 2009, who will further receive severance pays.

Romanian Govt To Remove Monetary Guarantee For Presidential Hopefuls

16:32, 24 Aug. 2009
The leader of the Romanian democrat liberal deputies, Mircea Toader, said Monday after a democratic liberal Standing Office meeting that the coalition has discussed and established, in principle, the removal of the monetary guarantee for presidential candidates.

Romanian Presidential Elections Most Likely Held On Nov 22 – Leftist Senator

14:27, 24 Aug. 2009
Romanian social democrat senator Olguta Vasilescu said Monday the social democrats and the democrat liberals agreed on running presidential elections on November 22, a final decision being made in the Government meeting.

PepsiAmericas To Invest $150M In Factory S Romania

14:22, 24 Aug. 2009
PepsiAmericas, the second largest world’s Pepsi-Cola bottler, will invest $150 million in building its largest factory in Europe, nearby the capital city Bucharest.

Romania To Hold 1st Round Of Presidential Polls End-Nov ’09 – Democrat Liberal VP

14:16, 24 Aug. 2009
The leaders of Romania’s ruling coalition on Monday discussed the program regarding the emergency ordinance on Romania’s presidential elections and planned the first round of presidential elections at the end of November.

Grenade Blast Lightly Injures US Soldier During Drill In E Romania

13:48, 24 Aug. 2009
One US soldier at the Mihail Kogalniceanu airbase in eastern Romania was lightly injured during a drill at the Babadag range, and is currently hospitalized at the Constanta County Emergency Clinic.

Romanian Govt Readies Measures To Boost Economy – Min

13:06, 24 Aug. 2009
The Romanian government is prepared to assume responsibility for several measures aimed at stimulating the country’s economy, including the tax-free reinvested profit and amendments to the law on investments, Economy Minister Adriean Videanu said Monday.

Growth Rate Of FMCG Sales Dn At 17% In 1H – GfK

11:54, 24 Aug. 2009
The sales growth rate of fast moving consumer goods, or FMCG, in Romanian currency, fell by 5 percentage points on the year in the first six months, from 22% to 17%, with chocolate, personal care products and cleaning products as the most dynamic categories, according to a GfK Romania study.

Current Wage Draft Law Boosts Already Alarming Migration Of Doctors – Romania’s Doctors College

17:34, 23 Aug. 2009
Romania’s Doctors College said if the current unitary pay draft law is adopted, the number of doctors who leave the country will increase, adding that the draft law was not accompanied by debates, but only by incomplete information.

Romanian Social Democrats Should Be Ousted From Ruling Coalition – Democrat Liberal VP

15:34, 23 Aug. 2009
The vice-president of Romania’s Democrat Liberal Party, Cezar Preda, on Sunday said the Social Democratic Party (PSD) should be ousted from the ruling, adding the social democrats are “tempted by power and money”.

Romanian Govt Might Grant EUR43M To EADS For Technological Park In Brasov

14:46, 23 Aug. 2009
The Romanian Government might grant EUR43 million in state aid to aerospace giant European Aeronautic Defence and Space Company (EADS) for the development of a technological park on land belonging to Romanian helicopter maker IAR Brasov, for investments worth EUR92 million.

Romania Needs To Uphold Investments To Overcome Crisis – Pres

18:46, 22 Aug. 2009
Romanian President Traian Basescu said Saturday that the country has the capacity to exit fast from the crisis and it needs to do so by stimulating investments in agriculture and infrastructure.

Malev Airplane Bound For Budapest Hits Pillar In Takeoff From Bucharest

18:00, 22 Aug. 2009
A Boeing 737-600 belonging to Malev company which was supposed to take off for Budapest from the "Henri Coanda" airport in Bucharest on Saturday at 16.10 local time hit a pillar when it was getting ready to leave the ground, without injuring any of the 100 passengers.

Romanian Tourism Min Not Responsible For Toilet Shortage In Tourist Areas

14:37, 22 Aug. 2009
The Romanian Tourism Ministry said in a statement Saturday that the absence of toilets in tourist areas is a severe problem, of which the local public administration and the National Roads Administration are in charge, and not the ministry.

Aurel Cazacu Quits Top Position In Romania’s Economy Min

11:35, 22 Aug. 2009
Aurel Cazacu, head of Romania’s General Department for Defense Industry and Special Problems, accepted to submit his resignation at the request of economy minister Adriean Videanu, following the events he was involved in, according to an official statement of the ministry.

Romanian Athlete Nicoleta Grasu Wins Bronze In Berlin World Championships

10:29, 22 Aug. 2009
Romanian athlete Nicoleta Grasu won the bronze medal in the discus throw competition, bringing the first medal for Romania in the World Athletics Championships in Berlin, Germany.

Foreigners’ Citizenship Problems To Be Solved In Three Months At Most – Romanian Pres

10:02, 22 Aug. 2009
Romanian President Traian Basescu said Friday the sector in charge of citizenship problems will be consolidated by the end of the year, so that foreign citizens will no longer have difficulties in obtaining Romanian citizenship.

Moldovan Students To Get More Seats In Romanian Universities – Pres

21:26, 21 Aug. 2009
Romania wants to increase by 1,000 the number of university seats for the Moldovan students who come to study at Romanian universities, Romanian president Traian Basescu, present in Eforie Sud resort, southeastern Romania, said Friday.

Romanian President’s Brother Leaves Military Co Desintco

20:32, 21 Aug. 2009
Romanian businessman Romeo Oita, associate with the Romanian president’s brother in Defense, Security and Intelligence CO - Desintco SRL, said Friday Mircea Basescu and Maria Cazacu signed the documents to leave the company.

Romania To Overcome Recession Six Months After Germany And The USA – President

15:31, 21 Aug. 2009
Romanian president Traian Basescu said Friday Romania will overcome the economic crisis six months after Germany and the United States come out recession, forecasting that “nothing will be as before”.

Romanian Prime Min To Grant Mins New Funds At The Second Budget Revision

14:47, 21 Aug. 2009
Romanian Prime Minister Emil Boc said Friday the Justice Ministry, the Ministry of Interior, the Education Ministry and the Labor Ministry will receive additional funds at the next budget revision, and the infrastructure investment projects will also benefit from greater finance.

Romanian Social Democrats Ask Pres To Clarify Involvement Military Contracts

14:38, 21 Aug. 2009
Romanian Social Democratic Party spokesman Bogdan Niculescu-Duvaz said Traian Basescu still has to clarify his involvement in his brother’s dealings or the potential military contracts signed by the company with the state.

Romania’s Govt Spent 45% Of ’09 Invest Funds By End-Jun – PM

13:50, 21 Aug. 2009
Romania’s Government has spent EUR4 billion for investment projects until the end of July, representing 45% of the total amount assigned for investments in 2009, while the local authorities have used only 15-17% of the funds, Prime Minister Emil Boc said Friday.