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Moody’s Sees Romania Inflation At 4.4% In 2009

15:40, 02 Sept. 2009

Moody’s forecasts Romanian inflation will reach 4.4% at the end of 2009, slightly above central bank’s estimation of 4.3%, according to a ratings agency's report released Wednesday.

Romanian PM Not A Partisan Of Political Crisis – Social Democrat Leader

15:13, 02 Sept. 2009

Romanian leader of the Social Democratic Party Mircea Geoana said Wednesday, after a meeting with Prime Minister Emil Boc, the latter does not intend to generate a political crisis.

Romanian Environ Min Proposes 3 For 1 Offer In Car Park Renewal Program

14:53, 02 Sept. 2009

Romania’s Environment Ministry proposed the introduction of vouchers worth 3,800 lei (EUR1=RON4.2372) for scrapping cars that are more than ten years old, and one buyer can use up to three such vouchers to buy a new vehicle, the ministry said Wednesday.

Dutch Criticism Prompts Romanian Foreign Affairs Min To Cancel Visit

14:42, 02 Sept. 2009

The Romanian Ministry of Foreign Affairs MAE said minister Cristian Diaconescu cancelled the trip set for Wednesday to the Netherlands after release there of a highly critical document targeting Romania and Bulgaria.

Romanian Airliner Tarom Eyes Winglet Devices To Cut Costs By $650,000

13:52, 02 Sept. 2009

Romania’s state-owned airliner Tarom plans to cut costs by $650,000 annually, by using Winglet devices meant to improve the efficiency of Boeing-operated flights, the company said Wednesday.

Romania Eyes Agriculture Portfolio In New EC Structure, Also Readies Backup – President

12:54, 02 Sept. 2009

Romanian President Traian Basescu said Wednesday, during a meeting with Romanian diplomats at the presidential Cotroceni Palace, that Romania eyes obtaining the agriculture portfolio in the future configuration of the European Commission, adding Romania also readies a backup option.

Lukoil Romania Cuts Fuel Prices By Up To RON0.06 Per Liter

12:38, 02 Sept. 2009

Lukoil Romania, a unit of Russian oil company Lukoil Holdings, said Wednesday it cut its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2229) and by RON0.03 per liter, respectively.

Traffic On Cluj-Napoca International Airport To Be Suspended Four Days In Oct ‘09

12:32, 02 Sept. 2009

Traffic on the international airport in Cluj-Napoca, northwestern Romania, will be suspended for four days between October 3 and 7, for repair works on the take-off runway, which will affect 150 flights.

Romanian Ex General, Sentenced To 15 Yr Jail Term, Filmed In Bucharest Casino – HotNews

12:23, 02 Sept. 2009

Romanian retired general Victor Athanasie Stanculescu, sentenced to 15 years in prison for the killing of civilians in the 1989 anti-communist revolution and released in May on medical grounds, was filmed Tuesday evening in a casino in Bucharest, HotNews reported.

London Serious Fraud Office Suspends Probing Into Romanian Frigate Deal

11:50, 02 Sept. 2009

Britain’s Serious Fraud Office informed Romania’s Anticorruption Department (DNA) it interrupted the investigation into the contracts selling two British frigates to Romania, reserving the right to reopen the case if additional evidence surfaces.

Nearly 80% Of Courthouses In Romania Halted Front Desk Activities – Judicial Auth

11:01, 02 Sept. 2009

Nearly 80% of Romanian courts have decided so far to suspend front desk activities, of which, 12 courts of appeals, 31 courthouses, as well as over one hundred judges with the High Court of Justice, according to Romania’s National Network of the General Assemblies of Judges (RNAG).

Romanian Govt Could Postpone Sending The Wage Law To Parliament Until Monday

23:40, 01 Sept. 2009

The president of Romanian union confederation "Cartel Alfa", Bogdan Hossu, said Tuesday evening, after the talks at the Government, that the Executive could postpone until Monday sending to Parliament the draft unitary wage law for the public system, in a bid to avoid social conflicts.

Romanian Education Unions Displeased After Talks With Govt On Unitary Wage Law

20:56, 01 Sept. 2009

Romanian education unions declared themselves displeased, after talks with the representatives of the Government on the unitary wage law in the public sector, as the executive said the decision is a political one and that nothing will change.

Romanian Democtrat Liberals Urge Presidential Candidate Geoana To Quit Senate Chairman Position

17:03, 01 Sept. 2009

Romania's Democratic Liberal Party said Tuesday social democrat leader Mircea Geoana should resign from the position of Senate chairman, as he is running for president, and not use public financial resources in his election campaign.

Romanian Railroad Unions Propose 18-Measure Recovery Plan

16:19, 01 Sept. 2009

Romanian railroad unions approached national railroad company CFR with a set of 18 measures for the financial mending of the railroad system and expect a reply sometime next week.

S&P Revises Dn Romania’s GDP, Budget Deficit Forecast

16:12, 01 Sept. 2009

Rating agency Standard&Poor's revised down its predictions on Romania’s economic contraction in 2009, from 5% to 7.6%, and the budget deficit from 6% of the GDP to 6.6% of the GDP, which are nevertheless more optimistic than International Monetary Fund’s latest forecasts on Romania.

Romanian Economy Likely To Recover As Of 4Q – Analysts

15:46, 01 Sept. 2009

Romanian economy is likely to enter a positive path as of the fourth quarter this year, though not before bottoming out in the third quarter, economic analysts say, adding a revival depends on euro-zone economic development.

Romanian Co HCR To Build Dinosaur Theme Park In C Romania

15:44, 01 Sept. 2009

A company managed by a former manager of the central Romanian Brasov County Forestry Department, Gabriel Rozorea, will invest EUR5 million in the construction of a dinosaur theme park at Rasnov, in the central Romanian county of Brasov.

Former Agriculture Min Dacian Ciolos Proposed For EU Commissioner – Romanian PM

14:08, 01 Sept. 2009

Romania's former agriculture minister Dacian Ciolos is proposed for the position of European Commissioner for Agriculture and Romania has the support of France, Germany and Poland for this portfolio, Prime Minister Emil Boc said Tuesday.

Romanian Govt Regulates Antifraud Dept Reorganization To Comply With Constitutional Court Ruling

14:08, 01 Sept. 2009

The Romanian government passed an emergency decree regulating the restructuring process of the country’s Antifraud Department and the Government’s control body to eliminate provisions which the Constitutional Court ruled illegal.

Romanian Tourism Minister Accuses Parliament Inquiry Committee Of Breaking Laws

13:53, 01 Sept. 2009

Romanian tourism minister Elena Udrea on Tuesday left the parliamentary inquiry committee investigating her spending of public money before the meeting was over and accused the committee of functioning illegally.

Romanian Govt Clears Public Roads Auth To Borrow RON200M To Refinance Old Loan

12:46, 01 Sept. 2009

The Romanian government cleared the public roads authority CNADNR to borrow nearly 200 million lei (EUR1=RON4.2231) from the country’s Treasury to refinance a loan contracted in 2004.

Romania 2Q Revised GDP -1.1% QQ, -8.7% YY

12:17, 01 Sept. 2009

Romania’s gross domestic product shrank by a seasonally adjusted 1.1% in the second quarter compared with the previous quarter, amounting to 120.4 billion lei (EUR1=RON4.2231), according to revised data released Tuesday by the National Statistics Institute, or INS.

Romania To Scrap 38,500 Cars In Last Stage Of “Junk Car” Program

11:26, 01 Sept. 2009

The third stage of Romania's “Junk Car” program includes several new measures, namely light commercial vehicles were included in the program, people can resort to leasing or buy more cars within the program and companies too can scrap old cars as of September 1.

Low-Cost Airliner SkyEurope Officially Declares Bankruptcy, Cancels All Flights

10:44, 01 Sept. 2009

Low-cost airliner SkyEurope, headquartered in Bratislava, Slovakia, officially declared bankruptcy on Tuesday, September 1, cancelled all flights and suspended all operations, the company announced Tuesday.

Sabyc Fertility Clinic Head, Secretary To Be Investigated At Large

16:35, 31 Aug. 2009

The Bucharest Court of Appeals on Monday ruled that Harry Mironescu, head of Romanian fertility clinic Sabyc, and his secretary Cecilia Borza will be investigated at large but are banned from leaving Romania’s capital city Bucharest.

Selgros Cash&Carry Opens EUR38M Store In Bucharest

15:27, 31 Aug. 2009

Selgros Cash&Carry, a unit of Germany's retailer Rewe, will open Tuesday its 18th store in Romania and the fourth in the capital city Bucharest, following EUR38 million investments.

Romanian Govt To Take Responsibility For Law Packs In Three Stages

15:15, 31 Aug. 2009

Romanian interior minister and deputy prime minister Dan Nica said Monday the government will take responsibility in Parliament, in three stages, for three law packs: economic measures, the unitary wage law and the education laws.

Presidential Elections To Take Place On Nov 22 And Dec 6 – Romanian Interior Min

14:43, 31 Aug. 2009

Romanian minister of interior Dan Nica said Monday the Social Democratic Party and the Democratic Liberal Party decided the presidential elections will take place on November 22 and December 6, and the Government will make no amendments to the organization of elections.

Romania To Hold Presidential Elections On Nov 22

13:16, 31 Aug. 2009

Romanian ruling coalition leaders decided the country will hold presidential elections on November 22, said Monday democrat liberal Vasile Blaga after a ruling coalition meeting.

Romania Ex President Accuses Acting President Of Close Ties With Communist Political Police

13:03, 31 Aug. 2009

Romania’s former president Emil Constantinescu on Monday accused acting President Traian Basescu and democrat liberal vice-president Theodor Stolojan of close ties with the communist-era political police, adding the country’s only legitimate presidential candidate is liberal Crin Antonescu.

Romanian PM Urges Ruling Coalition To Decide On Law Pack Paternity ASAP

12:57, 31 Aug. 2009

Romanian Prime Minister Emil Boc on Monday said the democrat liberals and the social democrats in the country’s ruling coalition ought to make a decision, as soon as possible, as regards the Government taking responsibility for several laws, stressing time "is running out."

Romanian Apartment Prices Dn 10-40% In 1H – Darian Rom-Suisse

12:01, 31 Aug. 2009

The prices of apartments in Romania fell by 10-40% in local currency in the first six months, compared with the end of 2008, with a 23% price decrease for old apartments and 17% for new ones, according to valuation company Darian Rom-Suisse.

Three Dead, One Badly Injured In Train-Hit Car In W Romania

09:37, 31 Aug. 2009

Three people died and one was injured after a car was hit by a train Monday morning, at a railroad crossing in Timis county, western Romania.

Romanian Govt Triples Fines For Road Transporters

17:50, 29 Aug. 2009

The fines applied to road transporters who disregard driving and resting times on Romanian soil were raised by the government two-three times above the current level, reaching up to RON6,000, along with an increase in the fines applied for the use of vehicles without tachographs.

Romanian Govt Performs Second Budget Revision In ’09

17:32, 29 Aug. 2009

The Romanian Government performed Saturday the second budget revision for this year, after the International Monetary Fund agreed to allow a budget gap increase to 7.3% in 2009, from the previous projection of 4.6%, negotiated in March for the agreement concluded by authorities with the IMF.