romania

IMF Sees Romania’s Inflation Slowing To 6.3% In ’08

17:52, 09 Apr. 2008
Romania’s 2008 consumer price index is seen rising by 6.3% at the end of the year, a slowdown compared with 6.57% in December 2007, the International Monetary Fund, or IMF, said in a report.

Israeli Investment In Romania Tops EUR2 Billion-Attaché

17:43, 09 Apr. 2008
Israeli investments in Romania exceeded EUR2 billion, the bulk of which being directed to the real estate sector, according to Israeli Embassy commercial attaché Yifat Inbar.

Fitch Bank Systemic Risk Assessment On Romania Blind To Country’s Realities – Bker

11:54, 08 Apr. 2008
Romania stands at a different level than Fitch places it, and the rating agency based its estimates on effects of international turmoil without knowing Romanian realities, Radu Gratian Ghetea, head of the Romanian Banking Association, or ARB, said Tuesday.

Romania Maintains Moderate Terror Alert After NATO Summit

15:13, 07 Apr. 2008
Terror alert in Romania was kept to a “moderate” level, even if the NATO summit ended last Friday, according to the official site of the Romanian Intelligence Agency – www.sri.ro.

Fitch Places Romania In Highest Bank Systemic Risk Category

13:31, 07 Apr. 2008
Fitch Ratings on Monday placed Romania in the highest macro prudential risk category (MPI 3), due to accelerated lending growth and the rise in the domestic currency in the first half of last year, according to the agency’s Bank Systemic Risk report.

Romania Brings Home Five European Gymnastics Medals

18:10, 06 Apr. 2008
The Romanian women’s gymnastics team won five medals, two gold, two silver and one bronze, within the European Gymnastics Championship concluded Sunday in Clermont-Ferrand (France).

European Commission Sends Romania Final Warning On 112 Issue

17:18, 03 Apr. 2008
The European Commission sent Romania one final warning regarding the single emergency telephone number 112, indicating that the system continues to function inadequately.

Romania Seeks To Lure British Investors In Energy, Banking Fields

19:43, 02 Apr. 2008
Romania will organize in the second half of 2008 a conference on energy and banking subjects, aimed to attract British investors in the field, Premier Calin Popescu Tariceanu said Wednesday after a meeting with his British counterpart Gordon Brown.

U.S. Official Assures Romanian PM Of Support For Visa Waiver Program

15:00, 02 Apr. 2008
U.S. House of Representatives member Ellen Tauscher assured Romanian Prime Minister Calin Tariceanu of her support for Romania to be included in the Visa Waiver Program.

Romania In EU Top Ten According To Livestock Numbers In ‘07

12:10, 01 Apr. 2008
Romania ranked among the top ten countries in the E.U. by number of cattle and swine in 2007, the Romanian Statistical Institute, or INS, said Tuesday.

Romanian President Says NATO Must Ensure Safe Energy Transport In Europe – Paper

11:09, 01 Apr. 2008
NATO is not a humanitarian organization, but a military alliance which must guarantee safe energy transports in Europe, Romanian President Traian Basescu told Swiss daily Le Temps ahead of the NATO summit to start in Bucharest April 2.

Russian Leader Putin’s Vanguard Arrives In Bucharest

20:33, 27 Mart. 2008
Some 90 Russian specialists arrived Thursday on the Otopeni Airport in Bucharest, on board a special flight, their mission being to prepare the highly anticipated visit of Russian leader Vladimir Putin in Bucharest, official sources told MEDIAFAX.

Rompetrol CEO Sees Bucharest As Balkans’ Future Financial Capital

20:07, 19 Mart. 2008
Rompetrol president Dinu Patriciu on Wednesday said Bucharest could become the “financial capital” of Balkan area.

EIU: Romania Vulnerable To Financial Mkt Turmoil

12:03, 18 Mart. 2008
Romania is among eastern European countries most vulnerable to financial market turmoil, due to its wide current account deficit fueled by growth in economy and especially in domestic consumption, the Economist Intelligence Unit (EIU) said in its Global Outlook report Tuesday.

Frattini: Italy Should Have Zero Tolerance For Romanian Felons

11:01, 18 Mart. 2008
EU Justice Commissioner Franco Frattini on Tuesday said Italian authorities should have zero tolerance for Romanian felons and proposed setting up joint patrols, formed of Romanian and Italian police officers.

Fashion Retailer C&A To Open Its First Store In Romania-Sources

19:40, 17 Mart. 2008
High street fashion retailer C&A, part of international group Cofra, will open its first store in Romania, people close to the matter said Monday.

Romania, Bulgaria Plan To Join Schengen Area March 2011

18:33, 16 Mart. 2008
Romania and Bulgaria plan to join the Schengen area in March 2011, the interior ministers of the two countries, Cristian David and Rumen Petkov, respectively, said in a joint statement Sunday.

Securities Commission OKs 14 Foreign Cos To Operate On Romanian Capital Mkt

18:23, 14 Mart. 2008
Romania’s Securities Commission CNVM authorized 14 investment companies from U.K, Cyprus, the Netherlands and Denmark to operate on the Romanian capital market, the regulator said Friday.

Romania, Bulgaria Engaged In Tough Race For EUR7B Austrian Investment

20:17, 10 Mart. 2008
Romania stands higher chances than Bulgaria to attract the EUR7 billion-investment that Austria's steel-maker Voelstahlpine plans to make in the Black Sea region.

Turkish Investors Find Little Highly Qualified Staff In Romania-Turk Pres

17:38, 03 Mart. 2008
Turkish President Abdullah Gul on Monday told Romanian Premier Calin Popescu Tariceanu that Turkish investors find little highly qualified personnel in Romania, the Romanian government said in a statement.

Erste Bank: Real Estate Prices in Romania Seen Up Over Next Yrs

17:13, 02 Mart. 2008
Romania’s real estate market outlook remains "highly certain," as prices will continue to increase over the next years, but the growth rate might be slower compared with the last three years, said Manfred Wimmer, CEO of Banca Comerciala Romana, the Romanian unit of Austria's Erste Bank.

Romania’s Embassy To London Must Pay Over GBP200,000 In Traffic Tolls

15:45, 01 Mart. 2008
Romania’s Embassy to London is among the diplomatic offices that failed to pay the traffic decongestion toll in the center of London, which triggered debts of over GBP200,000 (over EUR260,000).

Romania’s Transylvania Hwy Project Out Of Money, Works Might Cease

16:37, 28 Feb. 2008
The Romanian National Company for Highways and National Roads (CNADNR) has already used up the 2008 budget for the Transylvania highway, connecting central Brasov to northwestern Bors, and works might cease in these conditions, said the general director of the company, Mihai Grecu.

Romanian Parliament Parties Convene On Education Pact

18:47, 27 Feb. 2008
The Democratic Union of Magyars in Romania, the social democrats, the liberals and the democrat liberals announced, after meeting president Traian Basescu, that they are ready and willing to sing the pact on education.

UK Granted Over 30,000 Work Cards To Romanians, Bulgarians In 2007

15:53, 26 Feb. 2008
British authorities granted 30,570 work cards to Romanian and Bulgarian nationals in 2007, the government said in a statement Tuesday.

Romanian Intelligence Service To Organize Young Atlanticist Summit

12:48, 26 Feb. 2008
The Atlantic Council of the USA and the Euro-Atlantic Council in Romania – NATO House will organize, with the help of the Romanian Intelligence Service, between April 2 and April 4, the "Young Atlanticist Summit," created as a meeting opportunity for future leaders in the Euro-Atlantic region.

Serbia Eyes Romanian Harbor Capacities

18:48, 21 Feb. 2008
Serb president Boris Tadic, stated Thursday, after meeting his Romanian counterpart, that his country is interested in renting, on long term basis, some of the capacities in Constanta Harbor.

Romanian Magyar Civic Union To Use Unofficial Referendum Towards Autonomy

20:32, 20 Feb. 2008
The president of the Magyar Civic Union in Romania – the Sfantu Gheorghe Seat, Gazda Zoltan, said that the next step towards territorial autonomy is the internal as well as external valuation of the results obtained in the unofficial internal referendum, organized by the National Szeckler Council.

Romanian Parliament Backs Pres Statement On Kosovo

20:34, 18 Feb. 2008
Romanian Chamber Speaker Bogdan Olteanu announced that the reunited Parliament Standing Offices reached consensus on a statement supporting the official point of view of Romanian authorities, not acknowledging the independence of Kosovo.

Romania Opposes Kosovo Independence

20:08, 18 Feb. 2008
Romanian president Traian Basescu stated, after talks with political parties, that Romania maintains its stance and does not acknowledge the independence of the Kosovo province for reasons such as the grant of collective minority rights and lack of observance for Serbia’s territorial integrity.

Romanian Local Authorities Remain Quite Centralized – Fitch

17:19, 14 Feb. 2008
Local authorities in Romania are still strongly centralized, even though EU accession, coupled with legislative changes in the past two years might have significant contributions in their efficient and effective decentralization, according to financial evaluation agency Fitch Ratings.

Govt Says EC Won’t Launch Infringement Procedure Vs Romania For Excessive Budget

15:03, 13 Feb. 2008
The European Commission will not initiate an infringement procedure against Romania due to excessive budget deficit, as there is no danger for the deficit to exceed 3% of the gross domestic product, government representatives said.

EU Says Romania Should Make 112 Emergency Service More Appealing

16:50, 11 Feb. 2008
Romania, together with other 13 EU member states, received a notice from the Union, because the complete services, included in the implementation of the single "112" emergency number, are not functional.

Romanian FM, Moldovan President Discuss EU Integration During Munich Security Conf

18:13, 10 Feb. 2008
Romania’s Foreign Minister Adrian Cioroianu on Sunday held talks with Moldovan President Vladimir Voronin on Moldova’s integration to the European Union during a major security conference in Munich.

ECHR: Romania To Pay EUR3,000 Damages Over Unlawful Detention

20:06, 08 Feb. 2008
The European Court of Human Rights, or ECHR, on Thursday ruled in favor of a Romanian national who sued the state over unlawful pre-trial detention, and compelled Romania to pay moral damages worth EUR3,000.

Romanian Fiscal Authority Takes Online Budget Statements On A National Level

14:53, 05 Feb. 2008
The Romanian National Fiscal Administration Agency (ANAF) will extend, to a national level, on April 1, the system that allows companies to submit budget statements online, said the president of the agency, Daniel Chitoiu.

Romania’s Econ Potential Highest Among SE European States- U.S. Ambassador

12:56, 05 Feb. 2008
Romania is one of the best-kept secrets when it comes to investment opportunities, U.S. Ambassador to Bucharest Nicholas Taubman said in New York on Tuesday, during an event meant to promote Romanian business opportunities.

Romania’s Dec Net Avg Salary Up 12.9% On Mo To RON1,266

10:49, 05 Feb. 2008
Romania net average wages in December 2007 rose 12.9% on the month to 1,266 lei, the National Institute for Statistics said Tuesday.

Romanian Foreign Affairs Min Salutes Serb Pres Reelection

17:16, 04 Feb. 2008
The Romanian Ministry of Foreign Affairs salutes the reelection of Boris Tadić as president of Serbia, for a new five-year mandate, pointing out that Romania has always been in favor of the pro-European forces in Belgrade.

Burger King Signs Franchise Agreement In Romania

17:52, 31 Ian. 2008
Burger King (BKC), America’s second largest chain of fast food restaurants, signed late last year a franchise agreement to start operations in Romania, the company said in its quarterly financial report Thursday.