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Romania Petrom 3Q Net Pft At RON615M, Dn 2% On Yr

09:45, 10 Nov. 2009

Romania’s largest oil company Petrom (SNP.RO) Tuesday reported a net profit of 615 million lei (EUR1=RON4.2968) in the third quarter, slightly down from RON626 million in the same period a year ago, on a 25% lower turnover.

Romania Should Not Buy AH1N1 Vaccine For Children – Former Health Minister

20:31, 09 Nov. 2009

Former Romanian Health Minister Ion Bazac said Romania should not buy the AH1N1 flu vaccine for children, which was rejected by Poland, and that the Government should make the terms requested by the producer public.

Romanian PM-Designate Presents Cabinet List, Includes Acting Ministers And One Independent

17:32, 09 Nov. 2009

Romanian Prime Minister-designate Liviu Negoita said he submitted to Parliament a Cabinet list of fourteen ministries, led by some of the current interim democrat liberal ministers, but also including independent Gabriel Oprea.

Romanian President To Celebrate Fall Of Berlin Wall With Son Of Martyr Hero

16:45, 09 Nov. 2009

Romanian President Traian Basescu said Monday before leaving for Berlin, Germany, to attend the events celebrating 20 years since the fall of the Berlin Wall, that he decided to take along a young Romanian student whose mother was killed in the anti-communist revolution of 1989 in Romania.

Romanian Senate Set For Speedy Enactment Of Fiscal Liability Law

15:45, 09 Nov. 2009

The Romanian Senate will discuss, with urgency, the legislative initiative regarding the fiscal liability law, and Senate Chairman Mircea Geoana asked dismissed Prime Minister Emil Boc to state a stance in the matter within three days.

Romanian Social Democrats Give Proposed Govt The Cold Shoulder

15:42, 09 Nov. 2009

Romanian social democrat head Mircea Geoana said Monday the social democrat MPs will not attend the procedures involved in the confirmation of the Negoita government, so as not to legitimize, through their presence, "the parody" prepared by President Traian Basescu.

Romanian Cable Operators Push For Law On Telecom Infrastructure

14:58, 09 Nov. 2009

The Romanian Cable Communications Association urged competent authorities to pass a law on telecom infrastructure, arguing the Romanian cable services industry is "at the beck and call of local authorities and owners of utility poles", which hinders upgrades on the local telecom networks.

Romanian Subway Unionists To Call Gen Strike As Of Nov 16 If Wage Talks Fail

14:54, 09 Nov. 2009

Employees of Romania’s state-owned subway company Metrorex will go on general strike indefinitely as of November 16 if negotiations with management on wage raises fail, union leader Ion Radoi said Monday.

Romanian Democrat Liberals, Christian Democrats Signed Protocol To Back President For Reelection

14:45, 09 Nov. 2009

Romanian Democrat Liberal Party and the Christian Democratic People’s Party signed Monday a protocol stating that the two parties will back President Traian Basescu for reelection.

Romanian Insurer Allianz-Tiriac To Raise Auto Civil Liability Policy Prices By 20% In 2010

13:48, 09 Nov. 2009

Romanian insurer Allianz-Tiriac Asigurari will increase price for auto civil liability policy RCA by at least 20% for contracts starting January 1, 2010, and in some cases prices will double compared to the beginning of 2009, the insurer’s general manager Cristian Constantinescu said Monday.

Romanian Social Democrats To Delay Conf Vote For New Govt Until After Elections -Sources

12:46, 09 Nov. 2009

Romania’s opposition Social Democratic Party decided Monday to delay holding confidence vote for the country’s new government until December, after presidential elections, people familiar with the matter told MEDIAFAX Monday.

Romanian Jan-Sept Trade Gap Narrows To EUR6.93B

12:28, 09 Nov. 2009

Romania’s trade deficit narrowed in the first nine months to EUR6.93 billion from EUR17.98 billion in the same period the year before, the National Statistics Institute said Monday.

Romania Sept Adjusted Industrial Output Up 1.3% On Month

12:13, 09 Nov. 2009

Romania's adjusted industrial production rose 1.3% in September compared with August, while unadjusted output increased 21.3% on the month, the National Statistics Institute said Monday.

Romanian PM-Designate To Announce Proposed Cabinet Monday Afternoon

12:04, 09 Nov. 2009

Romania’s Prime Minster-designate Liviu Negoita said he will have a list of proposed ministers sent to Parliament Monday afternoon, adding the Cabinet is backed by democrat liberals and independent lawmakers.

Romanian Intelligence Service Well-Informed On Terrorist Omar Hayssam’s Escape – Service Head

11:23, 09 Nov. 2009

Romania’s Intelligence Service (SRI) head George Maior on Sunday said SRI knows "exactly" how Syrian businessman Omar Hayssam, tried and convicted in Romania for terrorism, fled the country and said he sent the file to the Court of Appeals in Oradea, western Romania.

Romania PM-Designate To Propose Rebuffed Ministers In New Cabinet

17:36, 08 Nov. 2009

Romania’s Prime Minister-designate Liviu Negoita said Sunday his proposed Cabinet will include ministers previously proposed by Lucian Croitoru, who lost a confidence vote in Parliament.

Romanian Independent Presidential Candidate Says Prostitution Should Be Legal

17:25, 08 Nov. 2009

Romania’s independent presidential candidate Sorin Oprescu said Sunday he is inclined to accept to decriminalize prostitution, but the country’s healthcare system isn’t ready for such a move, adding he is strongly against legalizing recreational drugs.

Romanian „4 Months, 3 Weeks And 2 Days” Among Times’ Best 100 Films Of The Decade

13:40, 08 Nov. 2009

Romanian feature film "4 Months, 3 Weeks and 2 Days" by director Cristian Mungiu ranks 14th in a ranking of the 100 best films of the decade compiled by UK Times magazine, overtaking more famous hits like Paul Thomas Anderson’s “There Will Be Blood” or Gus Van Sant’s “Milk”.

Romanian Govt Only Pays Bills To Cos Sponsoring Their Campaign – Leftist Presidential Candidate

17:10, 07 Nov. 2009

Romanian social democrat presidential candidate Mircea Geoana Saturday accused the caretaker democrat liberal government of blackmailing companies by not paying off debts unless they give money to acting President Traian Basescu’s campaign.

Romania Can Pay Pensions, Wages Without IMF Loan – Liberal

16:56, 07 Nov. 2009

Romanian liberal leader and former health minister Eugen Nicolaescu said Saturday Romania can afford to pay public sector wages and pensions even without the IMF’s bailout money and controversies on this issue are cynical and immoral.

Romanian PM-Designate Calls On Liberals, Social Democrats To Negotiate Future Govt

14:29, 07 Nov. 2009

Romania’s Prime Minister-designate Liviu Negoita Friday evening called again on opposition liberals and social democrats to talks with him about a future government, adding he will have a proposed Cabinet list sent to Parliament Monday either way.

Romanian Liberal Presidential Candidate Wants Single Term, Then Quits Politics

14:13, 07 Nov. 2009

Romania’s liberal presidential candidate Crin Antonescu said Saturday at an election rally in Satu Mare, northern Romania, he will settle for a single term if elected president, keep all his promises and then quit politics.

Romania’s Fmr Sea Captain President Vows To Take Country Safe Ashore

14:05, 07 Nov. 2009

Romanian president Traian Basescu, a former sea captain, said Saturday at an election rally in Timisoara, western Romania, that Romania is a ship whose crew he trusts and promised to take it safe to shore once the crisis, which he deemed a storm, passes.

Romania To Resume Pork Exports To EU Next Year – Acting PM

16:45, 06 Nov. 2009

Romania will resume next year exports of pork products processed in the country to EU member states and will later export pork produced locally in its entirety, acting Prime Minister Emil Boc said Friday.

IMF, EC Put Off Loan Disbursements To Romania On Political Uncertainty

15:23, 06 Nov. 2009

The International Monetary Fund is prepared to disburse a new tranche of its EUR13 billion loan to Romania as soon as the political crisis ends, IMF mission’s head Jeffrey Franks said Friday.

Bucharest Subway Employees Hold Spontaneous Protest, Demand Labor Contract Negotiations

15:16, 06 Nov. 2009

Over 100 employees of Bucharest subway company Metrorex gathered Friday within the Piata Unirii 1 subway station, to protest against the delayed approval of the company’s budget and, implicitly, delayed negotiations of their collective labor contract.

IMF Ups Forecast On Romania ‘09 GDP, Sees 7.5%-8% Contraction

14:59, 06 Nov. 2009

The International Monetary Fund upgraded its forecast on Romania’s economic growth this year, expecting now a contraction of 7.5%-8%, from 8%-8.5% previously estimated, IMF mission’s head Jeffrey Franks said Friday.

Romanian Social Democrats Not To Endorse New PM-Designate

13:57, 06 Nov. 2009

Romanian Social Democratic Party vice-president Dan Nica told a news conference Friday his party will not give a confidence vote to the Government to be proposed by new Prime Minister-designate Liviu Negoita, adding the latter should not come before Parliament.

Romania Key Rate Kept Unchanged So Inflation Doesn’t Sidetrack – Ctrl Bker

13:42, 06 Nov. 2009

Romanian central bank’s decision to leave its key rate unchanged at 8% aimed to keep the annual inflation in check, as the market would have proven indifferent to a lower rate, central bank deputy governor Cristian Popa said Friday.

Romania To Seek Alternate Financing To Cover Budget Gap – Ctrl Bker

13:36, 06 Nov. 2009

Romania’s Finance Ministry has to look for new sources to finance its budget gap this year, as the International Monetary Fund and the European Commission are likely to defer additional loan tranches for early 2010, central bank governor Mugur Isarescu said Friday.

IMF Mission To Return To Romania When Legitimate Govt Is Installed – President

12:52, 06 Nov. 2009

Romanian President Traian Basescu said Friday the mission of the International Monetary Fund, World Bank and the European Commission will leave Romania Saturday and will come again to resume talks on the standby loan agreement when the country has a legitimate Government.

Romanian President Designates Bucharest District 3 Mayor Liviu Negoita For PM

12:23, 06 Nov. 2009

Romanian President Traian Basescu Friday designated Bucharest district 3 mayor Liviu Negoita for prime minister, after the Cabinet proposed by economist Lucian Croitoru met with a no-confidence vote in Parliament.

Romania Ctrl Bk Revises Up ’09 Inflation Forecast At 4.5%

12:03, 06 Nov. 2009

Romania’s central bank revised upward its estimate on the 2009 annual inflation rate to 4.5% from 4.3% previously forecast, central bank governor Mugur Isarescu said Friday.

IMF To Defer Loan Disbursement To Romania For Jan 2010 – Sources

11:50, 06 Nov. 2009

The International Monetary Fund will most likely defer a third loan disbursement of EUR1.5 billion to Romania for January next year, people close to the matter told MEDIAFAX Friday.

Romania Asks IMF To Allow Higher Budget Deficit At 7.8% Of GDP – Sources

10:24, 06 Nov. 2009

Romania has asked the International Monetary Fund to allow it run a higher budget deficit at 7.8% of the gross domestic product this year, due to delays in applying spending cuts aimed at keeping the deficit in leash, people familiar with the matter told MEDIAFAX Thursday.

Four Romanian Football Teams Defeated In Europa League Groups

10:13, 06 Nov. 2009

Four Romanian football teams lost Thursday evening the games disputed in the fourth stage of the Europa League groups.

Romania’s President Unwilling To Postpone PM Designation

10:10, 06 Nov. 2009

Romania's President Traian Basescu said Thursday evening, at the beginning of talks with democrat liberals regarding a new prime minister, he doesn't want to put off the forming of a new Government until after presidential elections due on November 22.

Romanian Liberals Continue To Back Independent Johannis For PM

21:01, 05 Nov. 2009

Romanian liberal head Crin Antonescu said Thursday the liberals continue to back Klaus Johannis for prime minister at least until September 2010, but a PDL-PNL government is out of the question.

Economic Crisis Cuts Down Working Hours In European Union – Study

16:59, 05 Nov. 2009

A full time employee in Romania worked around 20 minutes less in the second quarter of 2009, compared to the same period in 2008, because of the economic crisis, while European Union employees overall work an average 40 minutes less, according to research published Thursday by Eurostat.

Romania Acting Econ Min: Creating Just One Energy Holding Is A Mistake

15:46, 05 Nov. 2009

Establishing just a single national power holding, as sustained by some political leaders, would be "an incredible error," Romania’s acting Economy Minister Adriean Videanu said Thursday.