romania

Romania Ranks Seventh In World’s Top Spammers Chart – Study

Romania is ranked seventh in a world chart of spam source countries, while Bucharest ranks eighth in a chart of the world’s top spam source cities, according to a study compiled by computer security company PandaLabs for the first two months of 2010.

Romanian Econ Revival Hindered By Lower Invest, Population Ageing

Romania’s economic growth may be impaired on medium-term by falling investment, constraints in credit availability and rising unemployment, the European Commission said Wednesday in its assessment of the country’s updated convergence program.

EU: Romania Could Miss 2010 Deficit Target Over Difficult Spending Cuts

Romania could miss its budget deficit target in 2010, because some of the measures aimed to slash public spending are socially and politically difficult to carry out, the European Commission said in its opinion on the country’s updated convergence program.

Google To Open One Office In Romania In ’10

Google, holder of the search engine with the same name, will open an office in Romania this year, said Amelia Cretu, Agency Relationship Manager Google for Southeast Europe, Middle East and Africa.

Romanian Senate Approves Guarantee Agreement For EIB Loan To Ford Romania

The Romanian Senate approved Tuesday the draft law ratifying the Guarantee Agreement between Romania and the European Investment Bank (EIB), guaranteeing 80% of the a financing contract concluded between the EIB and Ford Romania.

EC Draft Report Notes Problems In Romania’s Justice Sector Due To Magistrates’ Protests

The European Commission’s interim report on Romania’s justice sector, expected to be released Tuesday, mentions the problems arisen in the justice sector following last year’s protests staged by magistrates and the staff shortage the country is still facing in the legal system.

Fiecare român a pierdut o vacanţă de 1.000 de euro din cauza crizei

Produsul Intern Brut pe locuitor a scăzut cu 1.100 de euro anul trecut, până la 5.390 de euro, din cauza crizei economice, România întorcându-se doi ani înapoi din drumul spre convergenţa la Europa de Vest.

EC To Release Justice Reports On Romania, Bulgaria Tuesday

The European Commission will release Tuesday its interim reports on Romania and Bulgaria’s justice sectors, Bulgarian news website novinite.com reported Monday, citing a Commission spokesperson.

Romania’s Car Exports To Germany Exceeded Imports In 2009

Romania exported more cars to Germany than it imported last year, moving from a trade deficit of EUR762.8 million on the auto sector in 2008, to a trade surplus of EUR306.4 million in 2009, according to the National Institute of Statistics (INS).

Romania 4Q/09 Labor Costs Up 5.9% On Year – Eurostat

Total hourly labor costs in the Romanian economy rose 5.2% on the year in the fourth quarter of 2009, the fifth-biggest annual growth in the European Union, official data showed Wednesday.

România, Bulgaria şi Grecia domină topul vânzărilor pentru vacanţa de Paşte

Patronii de hoteluri, pensiuni şi agenţii turistice au motive să fie mai mulţumiţi anul acesta decât în 2009: ortodocşii şi catolicii sărbătoresc în aceeaşi zi Paştele, aşa că şi vânzările de pachete turistice sunt ceva mai mari cu această ocazie, arată "Gândul".

Luxury Fashion Retailers Armani, Zilli To Enter Romanian Mkt In 2010

Luxury fashion brands Emporio Armani and Zilli will enter the Romanian market this year, through franchise agreements, while Hermes and Burberry stores might be opened in 2011, according to Oliver Petcu, general manager of consultancy firm CPP Management Consultants.

Romanian Parliament To Join “Earth Hour” Initiative

The Romanian Lower Chamber approved Tuesday a memo according to which the festive lighting of the Parliament Palace will be ceased for one hour, on March 27, as a gesture to mark "the need for action against climate change".

Romania Tourism Min Lobbies At Austrian Niki Lauda For Future Vienna-Constanta Flight

Romania’s Tourism and Regional Development Minister Elena Udrea on Tuesday proposed to Austrian businessman Niki Lauda, whose airliner Fly Niki entered the Romanian market in February, to also operate a flight on the route Vienna, Austria, to Constanta, on the Romanian Black Sea coast.

Romania Confirms Highly Pathogenic Bird Flu Virus – EC

Romania has confirmed a highly pathogenic bird flu outbreak at a poultry farm in Letea, the southeastern county of Tulcea, the European Commission said in a press release Tuesday.

X-Trade Brokers: Greece’s Crisis Unlikely To Seriously Affect Romania

Romanian economy is unlikely to be seriously affected by Greece’s financial problems, and one of the elements to support this theory is the recent ratings actions of international agencies, brokerage house X-Trade Brokers said Monday.

EC Justice Report On Romania Expected These Days – Justice Minister

The European Commission is expected to release its interim report on progress in Romania’s justice sector “these days”, Justice Minister Catalin Predoiu said Monday.

Romania’s Economy Will Resume Growth In Upcoming Months – Econ Min

Romania’s Economy, Commerce and Business Environment Minister Adriean Videanu on Saturday said the economic data registered in the past four months indicate that "Romania's economy will resume growth in the upcoming months."

Romania Eyes Partnership To Lure Scandinavian Tourists

Romania’s Tourism & Regional Development Ministry secretary of state Sorin Munteanu meets Wednesday with officials of German Group TUI and plans to conclude a partnership with TUI Scandinavia in a move to lure tourists from Scandinavian countries to Romania.

Romania To Host 3 Batteries Of 8 Missiles Each, Part Of U.S. Missile Shield

Romania will host three batteries of eight missiles each part of the United States’ anti-missile shield, President Traian Basescu said Friday, underscoring the system is defensive.

Romania Scrapped Over 20,200 Old Cars In Two Weeks Under 2010 Clunkers Program

Over 20,200 old cars have been scrapped since February 18 when Romania set off its 2010 clunkers program, accounting for some two thirds of the overall number of cars scrapped in 2009.

Romanian Econ Min Plans “Major” Chinese-Financed Projects In ’09

Romania and China intend to begin, this year, on the Romanian market, a series of “major” projects, with Chinese financing, and to encourage companies in the two states to collaborate in areas such as energy, infrastructure or environmental protection.

Drugs Transiting Romania Could Be Stored Locally – U.S. Report

Romania is not a major source of narcotics, but it remains an important transit country for the drugs on the Northern Balkans route, according to a 2009 narcotics report released by the U.S. State Department Tuesday.

Romania Among States Which Implemented Most EU Directives On Internal Market – EC Report

Romania has a directive transposition deficit of only 0.3%, meaning it is among the member states with the least remaining unimplemented EU directives concerning the internal market, according to a Commission report, which also points out Romania is targeted in 21 infringement cases.

Romania, Bulgaria Request More Time To Co-Finance EU-Funded Projects

The Romanian and Bulgarian governments signed a declaration calling on the EU to extend the interval of eligible expenses related to projects co-financed through the IPSA program and Cohesion Fund to December 31, 2011.

Romania, Bulgaria Mull Scrapping Danube Bridge Tolls

Romanian and Bulgarian officials are looking into the possibility of discarding tolls charged for the use of the Danube Bridge linking Giurgiu in Romania to Ruse in Bulgaria.

Romanian-Moldovan Small Border Traffic Agreement Effective As Of Friday – FM

Romania’s Foreign Affairs Ministry said the Agreement on Small-Scale Border Traffic between Romania and the Republic of Moldova comes into effect as of Friday, February 26.

Romania 2009 Public Debt Rises To 29.3% Of GDP

Romania’s public debt rose to 29.29% of the gross domestic product in 2009 from 21.8% of GDP the year before, according to Finance Ministry data released Thursday.

Topul celor mai mari bănci din România în 2009

Anul de criză 2009 a lăsat urme spectaculoase în clasamentul primelor 10 bănci româneşti: cota de piaţă a BCR, cel mai mare creditor local, a alunecat sub pragul de 20%, competitorii săi austrieci de la Raiffeisen au căzut pe locul 7, în timp ce Banca Transilvania, unul dintre sprinterii anilor 2007-2008, a ajuns pe 8, arată "Ziarul Financiar".

Lufthansa: Circa 15 zboruri din România ar putea fi anulate

Lufthansa a anulat luni, în prima zi de grevă a piloţilor germani, şase zboruri din Bucureşti, două spre Frankfurt şi patru spre Munchen, dintr-un total de zece curse programate iniţial, în total circa 15 zboruri din România putând fi anulate pe perioada protestului.

Microsoft Romania Plans “Aggressive Growth” For ’10

The growth seen by the Romanian IT segment this year will be ten times the growth of the country's gross domestic product, estimated this year at 1%, Microsoft Romania general manager Calin Tatomir said Monday.

Gazprom Could Give Up Middlemen In Gas Deal With Romania – Ministry

Russia’s giant Gazprom could deliver natural gas to Romania directly via state-run Romgaz Medias, without third party distributors, Romanian Economy Ministry said in a statement Wednesday.

EU: Romania Has Until 2012 To Lower Budget Gap

European Union finance ministers on Tuesday agreed to a one-year extension until 2012 of the deadline by which Romania and Lithuania must bring their budget deficits down to below 3% of the gross domestic product.

Switzerland Offers Financial Aid Of EUR7M For Romania Healthcare System

Switzerland will provide financial aid of EUR7 million to Romania in 2010 to help the country develop its emergency healthcare services.

FIFA World Cup Trophy To Arrive In Romania In April

The FIFA World Cup Trophy will arrive in Romania for the first time, as part of a 225-day world tour organized by Coca-Cola in 86 states on five continents.

Romanian Economy Out Of Recession In Q4 2009 – Analysts

Romanian gross domestic product is estimated to post a slight grow in the fourth quarter of 2009 compared with a quarter earlier, but the economy contracted by 6.6%-7% last year, analysts said Wednesday.

Romania’s Ambassador To Moldova Wants EBRD-Backed Romanian-Moldovan Investment Bank

Marius Lazurca, Romania’s new ambassador to the Republic of Moldova, said Tuesday during hearings in the Parliament’s foreign policy committees he wants the creation of a Romanian-Moldovan investment bank with the help of the European Bank for Reconstruction and Development (EBRD).

Romania 2009 Trade Gap Narrows To EUR9.74B VS EUR23.5B

Romania’s trade deficit narrowed to EUR9.74 billion in 2009, from EUR23.51 billion a year earlier, with imports falling more rapidly than the exports, the National Statistics Institute said Tuesday.

EU Gives Romania Until 2012 To Correct Budget Gap

The European Commission on Monday recommended Romania be given until 2012 to bring its budget deficit down to 3% of the gross domestic product, in light of the country’s “effective” corrective measures taken so far.

Selecţioner Luxemburg: România e o echipă de care care ştim mai puţine

Selecţionerul naționalei Luxemburgului, Guy Hellers, a declarat după tragerea la sorţi a grupelor de calificare la CE 2012 că echipa României îi este oarecum necunoscută în acest moment, deoarece a suferit numeroase transformări în ultima vreme, informează cotidianul L'essentiel.