English

Italy’s Menatwork May Build Industrial Park Near Bucharest In EUR10M Invest

16:28, 06 Iul. 2009
Italy-owned construction group Menatwork plans to develop a 10-hectare industrial park near Romania's capital city Bucharest, in an investment estimated at EUR10 million, the company’s general manager Monica Grafu told MEDIAFAX on Monday.

Romanian Transports Ministry Ups Expropriation Compensation For Cluj-Napoca Beltway By RON12.5M

16:26, 06 Iul. 2009
The Romanian Transports and Infrastructure Ministry will increase the area to be expropriated for the construction of the city of Cluj-Napoca’s beltway by 210,000 square meters and will pay 12.51 million lei (EUR1=RON4.2114) for some 200 plots.

Colliers: „First Home” Program Had No Significant Influence On Residential Prices

16:25, 06 Iul. 2009
The Romanian Government's intention to launch the “First Home” program led to a slight increase in residential prices, especially for two-room apartments, but this trend was not registered by the entire real estate market, according to real estate consultancy company Colliers International.

Romanian Democrat Liberals Keep Stance On Youth Minister’s Case Unchanged – VP

16:24, 06 Iul. 2009
Romania’s Democratic Liberal Party, in the government coalition, did not change its stance on fellow member, youth minister Monica Iacob Ridzi, who is accused of mishandling state funds, democrat liberal vice-president Gheorghe Flutur said Monday.

Romania’s Petrom Cuts Fuel Prices By RON0.06/Liter

16:22, 06 Iul. 2009
Romania’s dominant oil company Petrom (SNP.RO) cut Monday its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2114) per liter, due to the evolution of the international crude oil prices.

Romania’s June Jobless Rate At 6% From 5.8% In May

16:21, 06 Iul. 2009
Romania’s unemployment rate was at 6% in May, the highest in three years and three months, and 0.2 percentage points higher than 5.8% in May, the National Employment Agency ANOFM said Monday.

Romania’s May Net Salary Dn 3.7% M-M To RON1,356

10:13, 06 Iul. 2009
Romania's net average salary in May was at 1,356 lei (EUR1=RON4.2036), down 3.7% compared with RON1,408 in the previous month, the National Institute for Statistics, or INS, said Monday.

Romania To Pay EUR48M Debt To U.S. Constructor Bechtel In July

15:56, 05 Iul. 2009
Romanian Prime Minister Emil Boc said Sunday the government will pay a EUR48 million debt to U.S. constructor Bechtel in July, for unpaid expenses for works on Transylvania Highway.

Romania Mulls Widening Budget Def To 5.5% of GDP From 4.6% To Fund Infrastructure

15:52, 05 Iul. 2009
Romania will ask the International Monetary Fund to allow it to widen its budget deficit target to 5.5% of gross domestic product from the 4.6% of GDP set in the country’s stand-by loan agreement, people close to the negotiations told MEDIAFAX Sunday.

Romanian Govt To Assign Over EUR100M For Infrastructure By Yearend –PM

13:33, 05 Iul. 2009
The Romanian government will assign over EUR100 million until the end of the year to complete infrastructure works underway across the country, Prime minister Emil Boc said Sunday.

Romanian Iproeb Puts 110 Employees On Technical Unemployment In July

13:32, 05 Iul. 2009
Romanian cable producer Iproeb Bistrita (IPRU.RO) put 110 of its 556 employees on technical unemployment in July, citing lack of orders.

Romania Confirms Three New Cases Of AH1N1 Flu, Toll Reaches 44

19:18, 04 Iul. 2009
Romania’s Cantacuzino Institute has confirmed three new cases of infection with the AH1N1 influenza virus, in two men and a woman who came to Romania on June 28, the Health Ministry said Saturday.

Romanian PM Says Will Skip Vacation This Year To Work On Restarting Country’s Economy

14:27, 04 Iul. 2009
Romanian Prime Minister Emil Boc said Saturday he will not go on vacation this year, because he needs to get the country through a difficult year, adding he hopes his wife and two daughters would understand his decision.

Romanian Democrat Liberal Lawmakers Won’t Impede Prosecution Of Sports Minister – PM

14:16, 04 Iul. 2009
Romania’s ruling Democratic Liberal Party (PDL) will not impede an investigation of democrat liberal sports minister Monica Iacob Ridzi, nor will the party’s lawmakers vote against prosecution if the Anticorruption Department (DNA) requires Parliament approval, Prime Minister Emil Boc said Saturday.

Romanian Teachers To Be Evaluated In Two Stages At The End Of School Year – Draft

14:04, 04 Iul. 2009
Romania’s Ministry of Education, Research and Innovation proposed new performance criteria for teachers in the pre-university education system, who would be evaluated at the end of each school year, in two stages.

EIB OKs EUR370M Loan To Romania For Bucharest Subway Line Construction

14:02, 04 Iul. 2009
The European Investment Bank (EIB) approved the granting of a first tranche of EUR370 million to Romania for the construction of a subway line linking the city center to the Drumul Taberei area in the west, transport minister Radu Berceanu said Saturday.

School Administrative Board To Make Decisions, Principal To Have Executive Role – Draft

14:01, 04 Iul. 2009
Romanian schools will be legal entities where the administrative board will be the decision maker and school principals will have an executive role, according to a draft law of the Ministry of Education regarding decentralization of the pre-university education system.

Romanian Pilot Dies In Small Plane Crash Near Bucharest

10:59, 04 Iul. 2009
A Romanian pilot died Friday evening when the small plane he was flying crashed and caught fire soon after take-off in a field in Clinceni, near Romania’s capital city Bucharest.

Romanian Tourism Min Requests Free Advertising For Local Tourism Campaign

20:32, 03 Iul. 2009
The Romanian Ministry of Tourism asked advertising companies to make available, free of charge, the outdoor billboards they have available, between July 10 and August 31, for the promotion of local tourism.

Three New AH1N1 Infections In Romania, One Patient Has Pneumonia

17:57, 03 Iul. 2009
The Romanian Health Ministry said Friday that three more cases of infection with the AH1N1 virus have been detected, with one patient also suffering from pneumonia, bringing the total number of cases to 41.

Romanian Low Cost Airliner Blue Air Negotiates Acquisition Of 10 Boeing 737 Airships

17:43, 03 Iul. 2009
Romanian low-cost airliner Blue Air is negotiating the acquisition of ten Boeing 737 Next Generation airships, whose costs might exceed $1 billion based on their catalog value, the company announced Friday.

Romanian Agric Tax Evasion Robs State Of RON75M In Jun ’09

17:41, 03 Iul. 2009
The value of losses caused to the Romanian state in June through cereal trade reached 75 million lei (EUR1=RON4.2036), according to Financial Guard official Sorin Florea, who added some 75-80% of employees will be involved in inspections to diminish tax evasion on this segment.

Romanian Football Federation Manager Florin Prunea Suspended

15:41, 03 Iul. 2009
The Romanian Football Federation (FRF) has suspended International Relations manager Florin Prunea, FRF vice-president Patritiu Abrudan told MEDIAFAX on Friday.

Romanian Agric Min Upped Managers’ Bonuses To 50% Of Wages

14:30, 03 Iul. 2009
Romanian agriculture minister Ilie Sarbu increased in June the bonuses for managers in the ministry and subordinated institutions to as much as 50% of wages, from a previous ceiling of 30%, saying they were no longer willing to do their jobs for the wages they got.

Romanian Car Maker Dacia Sees Output At 300,000 Units This Year, Up 23%

13:55, 03 Iul. 2009
Romanian car maker Dacia estimates it will produce almost 300,000 units this year, 23% more than the 242,415 units built last year, general manager Francois Fourmont said at a Friday event marking ten years since Dacia was bought by French group Renault.

Number Of Tourists Entering Romania Dn 10.6% On Yr In May

12:18, 03 Iul. 2009
The number of tourists entering Romania was 10.6% lower in May compared with the same month a year before, while the number of tourists accommodated was down 12.2% on the year, the National Statistical Institute, or INS, said Friday.

Romania Drops Payment Cap For 60-Yr-Old Contributors To Pvt Pension Sys

10:35, 03 Iul. 2009
Romanian contributors to the voluntary private pension system (Pillar III) will be able to cash the entire assets from their personal accounts at age 60, even if their monthly contributions do not meet the required 90 payments, according to a draft act of the country’s regulator CSSPP.

RBS: Romania Falls Out Of Default Risk Countries Category In ’09

20:18, 02 Iul. 2009
Romania fell out of the category of countries potentially vulnerable to sovereign debt crisis in 2009, as its current account deficit, and hence external financing needs are narrowing rapidly on decreasing domestic demand, according to a Royal Bank of Scotland report.

Romanian Lenders To Meet “First House” Financing Conditions With Parent Bks Funding – Ctrl Bker

19:05, 02 Iul. 2009
The Romanian banks could meet the financing conditions asked by the Finance Ministry in the "First House" program only if they get large funds at low costs from the parent banks, the central bank’s Financial Stability Unit Ion Dragulin said Thursday.

Bks Would Probably Restart Lending Competition Soon – Romanian Bks Assoc Head

19:04, 02 Iul. 2009
Romanian banks would probably restart the lending competition soon, for attracting as many clients as possible, Thursday said Radu Ghetea, president of the Romanian Banks Association.

CME Sees Return to Net Profit in 2011 as Advertising Recovers

17:31, 02 Iul. 2009
Central European Media Enterprises (CME) expects a return to profit in 2011, once companies resume spending on advertising, the group’s President and Chief Operating Officer Adrian Sarbu told Bloomberg.

EC To Present MCV Report And EU Fund Management Report For Romania, Bulgaria – Spokesman

16:08, 02 Iul. 2009
The European Commission will present an annual report regarding Romania and Bulgaria’s progress in the fight against corruption and a separate report on the management of EU funds in the to countries, EC spokesman Mark Gray told a news conference Thursday.

Romanian Court Rejects Austrian Strabag’s Appeal Of Hwy Segment Constr Contract

13:43, 02 Iul. 2009
Austrian firm Strabag’s contestation of the contract for the construction of the Romanian Comarnic-Brasov highway segment, won by French company Vinci, has been rejected by the court, Romanian transports minister Radu Berceanu said Thursday.

Romanian Ctrl Bk Gov Says Rating Agencies Were Right

13:23, 02 Iul. 2009
International rating agencies pointed out accurately Romania’s problems, as the country’s image was “very bad”, with a high external deficit and domestic debates on 50% salary hikes, central bank governor Mugur Isarescu said Thursday.

Romanian Pensioners Earning Less Than RON1,500 Should Not Contribute To Public Healthcare

13:11, 02 Iul. 2009
Romanian pensioners requested that people with pensions below 1,500 lei (EUR1=RON4.1892) be exempt from contributing to public health services and asked the Health Ministry to explain what the contribution entails.

Romanian Transports Minister Says Railway Worker Protests Wednesday Were “Justified”

13:01, 02 Iul. 2009
Romanian transports minister Radu Berceanu said Thursday that the protests of employees of national railway company CFR on Wednesday were “justified” and, if union members have found solutions, he is willing to negotiate.

Romania’s Priority Is To Restart Healthy Econ Gwt – Ctrl Bker

12:43, 02 Iul. 2009
The Romanian authorities’ and the central bank’s priority should be restarting healthy economic growth, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Gov: Interest Rates Will Fall Quickly

12:25, 02 Iul. 2009
Interest rates for both deposits and loans in Romania will fall as quickly as the current account gap adjusted, central bank governor Mugur Isarescu said Thursday.

Romania Needs To Rebuild Trust To Overcome Crisis – Ctrl Bk Gov

12:20, 02 Iul. 2009
Rebuilding confidence is essential for Romania’s economy revival from the ongoing crisis, central bank governor Mugur Isarescu said Thursday.

Over 56,000 Cos Might Go Belly Up Without Debt Payment Delay – Romanian PM

19:56, 01 Iul. 2009
Over 56,000 companies would have gone bankrupt if the payment of their budget debts had not been temporarily delayed on the backdrop of the financial crisis, Romanian PM Emil Boc stated Wednesday.