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Romania, Austria’s Voestalpine To Sign Steel Mill MoU In Oct – Sources

19:00, 10 Sept. 2008

Romanian government and representatives of Austria's steelmaker Voestalpine will sign a memorandum of understanding (MoU) in the first half of October and the Austrian group will decide in December the country to building its steel mill, sources close to the matter said Wednesday.

Romania, Hungary Seek EU Financing For High-Speed Rail Line

19:27, 09 Sept. 2008

Romania and Hungary plan to apply for EU financing to conduct a pre-feasibility study on a high-speed rail route that will link Hungary’s capital Budapest to Romanian southeastern city of Constanta.

Romania Ranks 5th In Emerging Europe By Vulnerability To Fin Pressures – Fitch

15:19, 28 Aug. 2008

Romania ranks fifth, as well as Estonia, in a classification of the most vulnerable states in Emerging Europe to external financing pressures, Fitch Ratings said on Thursday.

Georgia’s Integrity, Independence Essential To Romania – PM

13:20, 28 Aug. 2008

Georgia’s integrity and independence are essential to Romania and to the security of the Black Sea area, and creating regional stability is a priority, Romanian Prime Minister Calin Tariceanu said Thursday after a meeting with U.S. senator Richard Lugar.

Romania’s Econ Growth Seen Slowing Over Next Sixth Months – Report

11:37, 27 Aug. 2008

Romania’s economic growth will slow down significantly over the next six months, and inflation is seen lowering in the third quarter of the year, according to analysts polled by the CESifo Institute of the University in Munich.

Sportivii români la Jocurile Olimpice – Galerie Foto

13:07, 15 Aug. 2008

După o săptămână de la începerea Jocurilor Olimpice, România se află pe poziţia a 19-a în ceea ce priveşte medaliile olimpice.

EIU: Romania’s High Foreign Debt Ups Vulnerability To Changes In Investor Sentiment

14:14, 13 Aug. 2008

Romania’s economy is vulnerable to changes in investor sentiment, due to its large external financing requirements, the Economist Intelligence Unit, or EIU, said in a report.

Fitch: Romania’s Economy Looks More Like Overheating Than Expected In January

14:27, 11 Aug. 2008

Romania's economy shows little sign of adjusting to a more sustainable growth path and the economy looks more like it’s overheating than expected in January, Andrew Colquhoun, director with Fitch Ratings, told MEDIAFAX Monday.

U.S. Grants Romania $50,000 Flood Relief Aid

13:05, 05 Aug. 2008

The Government of the United States granted Romania $50,000 for immediate flood relief assistance to help Romanians recover from the recent devastating floods in the northern part of the country, the U.S. Embassy said Tuesday.

S&P Lowered Estimates On Incidence Of Recession In Romania

17:04, 04 Aug. 2008

Standard&Poor's Ratings Services changed Monday its estimate of the incidence of gross problematic assets in the Romanian financial system under a reasonable (but not catastrophic) scenario of economic recession to 25%-40% from 35%-50%, the ratings agency said.

Romania Admits ‘Partial Failure’ For Roma Situation In Italy

18:56, 31 Iul. 2008

Romania admits “partial failure” regarding the situation of Roma minority in Italy, but it does not approve of all measures taken by the Italian authorities in their pursuit to tackle crime, Romanian President Traian Basescu said Thursday.

Romania Ranks 2nd In EU By Indus Orders Growth In May

16:20, 23 Iul. 2008

Romania ranked second in European Union with a 20.2% increase of the industrial new orders on the year in May, while industrial new orders fell by 2.8% in EU states in the same period, according to the Statistical Office of the European Communities, Eurostat.

Romania Ranks 22nd In EU By 4 Mo Trade Balance

14:32, 18 Iul. 2008

Romania ranked 22nd among European Union states by trade balance in the first four months of the year, with a EUR7 billion deficit, according to Eurostat, the Statistical Office of the European Communities.

Romanian June Annual CPI 8.7%, Fifth Highest In EU – Eurostat

13:30, 16 Iul. 2008

Romania ranks fifth among EU member states with respect for the annual inflation rate in June, which is 8.7%, double the 4.3% average calculated on a community bloc level, according to a report issued by the Statistical Office of the European Communities, Eurostat.

Romania, Among States Least Dependent On Energy Imports – Eurostat

13:31, 10 Iul. 2008

Romania is among the European Union states the least dependent on energy imports, with a 29% energy dependence rate in 2006, according to the Statistical Office of the European Communities, Eurostat.

Romanian Annual Inflation Nears Two-Year High On 0.28% Monthly Rise

10:03, 10 Iul. 2008

Romania’s inflation slowed down to 0.28% on the month in June, due to a moderate increase in food and non-food prices, but annual inflation was just below a two-year high, the National Statistics Institute said Thursday.

Romania Most Able To Adjust To Economic Shocks, But Based On Poor Tax Administration – S&P

14:34, 09 Iul. 2008

Romania is third in a ranking of governments most able to adjust to adverse economic trends and react swiftly and effectively in the wake of economic shocks in the EU-27 and Norway, Iceland, and Switzerland, but that reflects poor tax administration, ratings agency Standard&Poor's said Wednesday.

Romania Still Vulnerable To International Financial Mkt Turmoil – IMF

15:14, 28 Iun. 2008

World financial market tensions contributed to a sharp nominal depreciation of the Romanian leu, and Romania remains vulnerable to additional adverse spillovers from events in global markets, the International Monetary Fund, or IMF, said Saturday.

Romania Received EU Funds Worth EUR1.6B In ’07- Report

19:07, 27 Iun. 2008

Romania accessed in the previous year European funds worth EUR1.602 billion, with EUR315.4 million in compensations, and had a contribution of EUR930.9 million to the EU budget, according to the financial report issued by the EU.

TI: Romania Scores Badly On Corruption Progress

19:18, 26 Iun. 2008

Romania scored poorly on corruption fighting last year, and the only sectors that registered some progress were healthcare and police activities, Transparency International Romania said in its National Corruption Report released Thursday.

Romania Grants EUR100,000 To Palestine, Mulls Participation In EUPOL COPPS

21:04, 24 Iun. 2008

Romania will grant financial aid worth EUR100,000 to the Palestinian Territories, Foreign Minister Lazar Comanescu said Tuesday, mentioning the country is also considering a contribution to the EU Police Mission in the area – EUPOL COPPS.

A Weak Leu Helps Mend The Romanian Curr Acc Deficit – Erste

15:42, 22 Iun. 2008

The weak national currency supports the economy and the adjustment of the strong current account deficit, which might enter a stagnation phase this year, according to an Erste Bank analysis.

Romanian Has An Image Problem Among EU States – European Commissioner

21:05, 19 Iun. 2008

European Commissioner for multilingualism Leonard Orban told MEDIAFAX that Romania has an image problem "not as much on a community level as among the member states," and this problem might reflect on some of the political decisions in these countries.

Romania Seeks Math Olympic Winner’s Release From Italian Prison-Paper

18:50, 19 Iun. 2008

The Romanian authorities seek the release from an Italian prison of a young national, winner of math Olympic, who was convicted for electronic fraud, Italian paper Il Giornale reported Thursday.

Romania Opposes To Further EU Suspension Of Grain Import Duties

16:43, 17 Iun. 2008

Romania opposed an EU proposal to maintain suspension of import duties for cereals from third countries, due to the negative impact it would have on the Romanian market by putting additional pressure on prices.

Romania’s Jan-Apr Curr Acct Def Widens 7.5% On Yr To EUR4.84B

14:49, 16 Iun. 2008

Romania’s current account deficit widened 7.5% on the year in January-April to EUR4.842 billion, from EUR4.504 billion in the year-earlier period, on higher trade deficit, the central bank said in a statement Monday.

Romania Ranks Among Countries Less Trade-Liberalized – World Bank

13:44, 16 Iun. 2008

Romania ranked 116 from 125 countries in 2006 given the country’s trade liberalization degree, but ranked 10 in the top of most diversified countries by export products, the World Bank said in a report.

Romania Ties Against Italy, 1-1, In European Football Championship

21:00, 13 Iun. 2008

Italy - Romania, score 1-1. Romania’s goal was scored by Adrian Mutu, while Panucci scored for Italy.

Romanian-Russian Relations To Gain New Dynamics – Romanian Foreign Affairs Min

16:54, 13 Iun. 2008

Romanian foreign affairs minister Lazar Comanescu said on national radio station RRA that after the meeting held between Romanian president Traian Basescu and Russian leader Vladimir Putin within the NATO summit, there are signals indicating "new dynamics" in Romanian-Russian relations.

EU Warns Romania On Growing Budget Def, Recommends Fiscal Consolidation

13:12, 13 Iun. 2008

The European Commission warned Romania that it must accelerate its structural reforms and fiscal consolidation in order to avoid the overheating of the economy, the EC said in a report Friday.

Romania’s Euro Adoption Target More Ambitious As Reforms Stagnate- Moody’s

12:55, 13 Iun. 2008

Romanian government is maintaining its 2012 target for adopting the euro but the target could become more ambitious as time passes without any meaningful progress on economic and institutional reform, according to a Moody's Investors Service report published Friday.

Romania May Import Gas Directly From Russia In 8 Yrs – Econ Ministry

14:48, 10 Iun. 2008

Romania might import gas directly from Russian natural gas monopoly OAO Gazprom (GSPBEX.RS) in about eight years, when the local gas production diminishes and the imported gas supply reaches 50% of the country’s consumption, a director in the Ministry of Economy and Finance said Tuesday.

Romania’s Yawning Curr Acc Gap Raises Growth Sustainability Concerns – World Bank

12:16, 10 Iun. 2008

Romania’s widening current account deficit raises concerns about the sustainability of the country’s economic growth, the World Bank said in a report Tuesday.

Mazda2 1.3 Sport Launched In Romania

15:18, 06 Iun. 2008

Japanese carmaker Mazda’s dealer in Romania launched Thursday on the local market the three-door Mazda2 1.3 Sport model, which comes in two equipment versions for prices ranging from EUR12,490 to EUR13,190, VAT included.

Romanian Car Maker Dacia Launches Sandero Locally

21:27, 03 Iun. 2008

Romanian car maker Dacia launched in Romania the two-volume model Sandero, the fifth car developed by Renault and Dacia on the Logan platform (B0), at prices ranging between EUR6,890 and EUR9,850, VAT included.

Italy’s „Overland For Smile” Caravan Returns To Romania 3rd Yr In A Row

17:40, 03 Iun. 2008

Italy’s “Overland for Smile – Smile of a child” humanitarian campaign, an ample program providing free dental medial aid to institutionalized children in Southeast Europe, returns to Romania for the third year in a row, organizers said in a press conference Tuesday.