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Three Cos Bid For Romania’s Avioane Craiova

16:13, 20 Mai 2008
Romania’s INAV Bucuresti, Italy’s Alenia Aeronautica and Czech AERO Vodochody filed bids for the privatization of airplane maker Avioane Craiova until the established deadline, the country’s privatization authority AVAS said Tuesday.

Romanian Deputies Reach No Consensus Over Prosecution Request For Ex-Minister

14:39, 20 Mai 2008
Members of Romania’s Chamber of Deputies’ committee for legal matters couldn’t reach a consensus Tuesday over the anticorruption department’s request for approval to prosecute former transports minister Miron Mitrea.

Romania’s Ctrl Bk Might Cut Rates On Slowing Inflation

13:19, 20 Mai 2008
Romania’s central bank might cut its main lending rate if the country’s soaring inflation shows real signs of slowing, the bank’s governor Mugur Isarescu said Tuesday during a financial seminar.

Romania’s Growing Econ Seen More Vulnerable On Loose Cur Acc Gap

12:45, 20 Mai 2008
Romania’s fast-growing economy will be seen more vulnerable until it proves its yawning current account deficit can be narrowed, the Romanian central bank governor Mugur Isarescu said Tuesday.

Two-Day Strike In April Cost Steel Mkr AcelorMittal Galati $4-5M – Mgmt

12:24, 20 Mai 2008
The two days of strike organized mid-April by employees of steel maker AcelorMittal Galati caused damages estimated at $4-5 million, the plant’s general manager, Augustine Kochuparampil, said Tuesday.

Distrigaz Sud: Natural Gas Prices Should Rise 18% On Jul 1

12:12, 20 Mai 2008
Romanian natural gas prices should increase by 18% on July 1, any price hike postponement causing average losses of RON1 million per day to gas distributor Distrigaz Sud, the company’s owner French stated-owned utility Gaz de France said Tuesday.

Over 1,300 People Affected By Powerful Flashflood, NW Romania

11:44, 20 Mai 2008
Over 1,300 people were affected by a powerful flashflood Monday night in Cluj county, northwestern Romania, and over 100 firefighters, militaries, police officers and members of local emergency committees intervened, the prefecture said.

Romanian President Says Politicians Asked Him To Interfere With Justice

09:57, 20 Mai 2008
Romanian president Traian Basescu said Monday evening, in a talk show on Realitatea TV, that there were politicians who went to his home to ask him to intervene in their favor in the justice system.

Romania’s Economy Seen Growing 7% Or More In 2008 – PM

09:41, 20 Mai 2008
Romania’s economy is seen growing by 7% or more in 2008, and a good farming output could even improve the forecast, Premier Calin Popescu Tariceanu said Monday.

Romania, U.S. Authorities Nail 38 In Phishing Scheme

20:37, 19 Mai 2008
Thirty-eight people in the U.S. and Romania have been charged in two indictments alleging they used Internet phishing schemes to defraud thousands of individual victims and hundreds of financial institutions, U.S. Deputy Attorney General Mark Filip said in a statement Monday.

Romania’s New Car Sales Seen Up 5% Tops In 2008

19:13, 19 Mai 2008
Romania’s new car sales will see an increase of only 5% in 2008, on higher imports of used cars and unchanged decommissioning bonus for old cars, the Automotive Manufacturers and Importers Association, or APIA, said Monday.

CGS Romania To Hire 1,000 People

18:39, 19 Mai 2008
CGS Romania, software, IT and outsourcing supplier, intends to hire 1,000 people in the two new IT centers opened by the company in Bucharest and Brasov. The two centers began activity this month.

Romania 15th In EU By 2007 FDI – Eurostat

16:57, 19 Mai 2008
Romania ranks 15th in the European Union by foreign direct investment inflows in 2007, with EUR7.3 billion, of which EUR6.5 billion were injected by EU countries, according to the EU statistical office Eurostat.

Romania Second In EU By 1Q Construction Output – Eurostat

16:39, 19 Mai 2008
Romania ranks second in the European Union by first quarter growth in construction output, with a growth rate of 32.2% compared to the first quarter in 2007, according to the EU statistical office Eurostat.

Organizations In 6 Countries Attend Theater Exchange In Sibiu, Central Romania

16:26, 19 Mai 2008
Twenty-five cultural organizations from Japan, the United States, France, Italy, Germany and Romania are taking part in the "Show exchange” taking place June 5-7 during the International Theater Festival in Sibiu, central Romania.

Police Camera Flashes Bring Patient Back To Life In SE Romania

14:57, 19 Mai 2008
An 84-year old woman from the southeastern Romanian town of Cernavoda was pronounced dead after suffering a stroke. Later, the flashes used by the police officers on the scene seemed to bother the deceased, who was soon found to be alive.

Businessman Taher Eyes Majority Stake In Five-Star JW Marriott Hotel In Bucharest

13:15, 19 Mai 2008
Businessman Fathi Taher, minority shareholder in Bucharest’s JW Marriott hotel, mandated law firm "Bostina si Asociatii" to negotiate with all holders for the takeover of the hotel’s majority stake, people closed to the matter told MEDIAFAX Monday.

Three Major Carmakers Consider New Plants In Romania – Official

12:43, 19 Mai 2008
Three automotive giants, Germany’s Audi, the luxury-car division of Volkswagen AG, Daimler AG and Japan’s Mitsubishi Motors, seek to open new plants in Romania, a Romanian official said Monday.

Romanian Businessman To Sue Former Associate Over Embezzlement

18:20, 18 Mai 2008
Romanian-French businessman Sever Muresan on Sunday said he intends to sue his former associate, Swiss national Peter Rolf Gemrig, for embezzlement of assets from one his companies.

Romanian NGO: 56 County Council Candidates Not Morally Qualified

15:36, 18 Mai 2008
Romania’s non-governmental organization the “Coalition for a clean ruling” on Sunday said it identified 56 candidates for county councils who do not meet the integrity requirements.

ArcelorMittal Galati To Lay Off 1,000 Employees In 2008 – Exec

14:09, 18 Mai 2008
Steel pipe producer ArcelorMittal Galati Romania, local unit of UK-based giant ArcelorMittal, on Sunday said it plans to lay off some 1,000 employees in 2008 following the company’s reorganization strategy.

Romanian PM Wants IAR Ghimbav’s Lands Removed From Assets List

18:51, 17 Mai 2008
Romanian Premier Calin Popescu Tariceanu on Saturday said the lands of helicopter producer IAR Ghimbav artificially increase the company’s sale price and they should be removed from the assets list.

Romania, Italy Intensify Police Cooperation – Int Min

18:23, 17 Mai 2008
The Romanian authorities will send additional police officers to collaborate with the Italian law enforcement forces in bringing down crime levels, Interior Minister Cristian David said Saturday.

Romanian Authorities About To Retrieve 10th Gold Dacian Bracelet

16:42, 17 Mai 2008
The Romanian authorities located another ancient gold Dacian bracelet from the 15 bracelets that have been illegally taken out of the country back in 2002 and are close to retrieve it from an undisclosed location in the U.S., Culture Minister Adrian Iorgulescu said Saturday.

Romania Health Min To Open Two New SMURD Emergency Services By Fall

13:30, 17 Mai 2008
Romania’s Ministry of Health will open two new emergency rescue service (SMURD) units in the country by fall, in the counties Brasov and Constanta, central and southeast Romania, respectively, minister Eugen Nicolaescu said Saturday.

Romanian Businessman Csibi Istvan Stays In Custody

20:37, 16 Mai 2008
Romanian businessman Csibi Istvan stays in custody after the Bucharest Court of Appeals Friday rejected his appeal against a court’s decision to extend his temporary arrest warrant in the file in which he is charged with economic crimes involving the state budget.

Bucharest Citizens To Watch UEFA Euro 2008 Matches On Giant Screens

19:40, 16 Mai 2008
Bucharest mayoralty, the Romanian Football Federation (FRF) and the Committee Organizing the 2008 UEFA European Football Championship will mount giant screens in Bucharest’s Constitutiei and George Enescu Squares for football fans to enjoy the UEFA Euro 2008 matches.

Romanian Labor Costs Will Soon Climb – Romanian PM

16:07, 16 Mai 2008
Romanian Prime Minister Calin Tariceanu said he is convinced the labor force in Romania will not continue to remain cheap, but several sectors of activity need to be developed, even the research sectors, areas in which Romania needs to become competitive.

Romanian Emergency Call Service Affected By Power Outage

15:21, 16 Mai 2008
A 16-minute power outage affected the single emergency call service 112 on Friday, however the service continued to function due to its backup system.

Romanian Court Of Accounts Finds Breaches At Bucharest City Hall

15:14, 16 Mai 2008
The Romanian Court of Accounts notified the Bucharest Court regarding violations noticed in Bucharest City Hall regarding a contract for the purchase of land in the Mihailesti commune, unjustified payments for works on roads, losses in the social security budget and delays in budget payments.

Romania Is The Biggest Carmaker In SE Europe – PM

14:21, 16 Mai 2008
Romanian Prime Minister Calin Tariceanu said Friday Romania’s automotive and IT sectors are the best developed, and the country is the most important carmaker in southeast Europe.

Romania’s Romgaz To Ink Lease Deals For Gas Deposits In Poland, Slovakia

14:05, 16 Mai 2008
Romgaz Medias, one of Romania’s largest gas producers, will sign in a few weeks lease deals for gas deposits exploitation in Poland and Slovakia, the company’s deputy general manager Lucian Stancu said Friday.

France’s Orange To Sell iPhone In Romania

12:47, 16 Mai 2008
France’s mobile telephony operator Orange signed a deal with U.S. Apple Inc. to sell its iPhone in several European countries, including Romania, the French company said in a statement Friday.

Romania’s Car Mker Dacia 4-Mos Sales Up 31.1% To 83,917 Units

12:39, 16 Mai 2008
Automobile Dacia, the Romanian unit of French carmaker Renault, reported a 31.1% hike in its sales during the first four months of 2008, to 83,917 units, Renault said in a statement Friday.

Romanian Craiova Auto Plant 1Q Net Pft Dn 41% YY To RON261,164

12:03, 16 Mai 2008
Romanian state-owned auto assembly plant Automobile Craiova (AUCS.RO) Friday said its first quarter net profit was down 41% to 261,164 million lei (EUR1=RON 3.6645) from the same period a year before, the plant said in a statement sent to Rasdaq market.

Romanian Forest Fund Up 0.9% To 6.48M Ha In ‘07

10:50, 16 Mai 2008
Romanian forest fund totaled 6.48 million hectares in 2007, up 0.9% from a year before, mostly due to the transfer of some wooded grazing lands into the forest fund, the National Statistical Institute, or INS, said Friday.

Romania Needs Better Law On Settling Work Conflicts-Labor Min

19:51, 15 Mai 2008
Romania’s legislation to settle work conflicts must be improved, as its unclear provisions create difficulties for employers, unions and courts alike, Labor Minister Paul Pacuraru said in a press conference Thursday.

Romanian Supreme Court Admits President’s Appeal In Offended Journalist Case

16:53, 15 Mai 2008
The Supreme Court admitted Thursday president Traian Basescu’s appeal in the “stinking gypsy” case, but still considered the words, which Basescu addressed a TV reporter one year ago, are discriminatory.

Romanian Social Democrats Vie For Higher Maternity Allowance

16:42, 15 Mai 2008
Romania’s leftist opposition Social-Democratic Party (PSD) will submit Monday to the Chamber of Deputies a proposal stipulating the maternity allowance at 85% of gross income, Ana Birchall, head of the education department within PSD, said Thursday.

Romania’s Fondul Proprietatea Deems Entitled To Further EUR160M From BCR Sale

13:58, 15 Mai 2008
Romanian investment fund Fondul Proprietatea must receive further EUR160 million from the sale of the country’s largest lender by assets Banca Comerciala Romana, or BCR, to the EUR88 million already received, the fund’s director general Dana Lulache said Thursday.