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Minister Udrea: tourism has been wrongly privatized

13 Martie 2010

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The Romanian tourism’s condition is the outcome of the badly made privatizations, in the sector, Regional Development and Tourism Minister Elena Udrea said, in response to the TUI officials’ remarks on the Romania tourism’s condition. ‘Indeed, the Romanian tourism sector’s privatization has been made wrongly, and you can witness the results, now. [...]

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Romania’s CO2 certificates of interest for other countries

13 Martie 2010

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Minister of Environment and Forestry Borbely Laszlo told a press conference in Sovata (north-west of Bucharest) on Friday that Romania is conducting negotiations with three countries interested in purchasing the CO2 certificates Romania owns, naming only two of them – Spain and Japan. ‘These certificates (carbon dioxide emissions certificates – editor’s [...]

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Finance Ministry says EUR 1 bln bond issue a success

13 Martie 2010

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The Ministry of Public Finance (MFP) confirmed Romania’s having successfully placed EUR 1 bln in 5-year eurobonds with a 5 percent coupon. „The issue was about five times oversubscribed and was placed at mid-swap rate plus 268 basis points. The lead-managers of the issue were Deutsche Bank, EFG Eurobank and HSBC,’ reads [...]

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Romania must close 22 non-conforming landfills by July

13 Martie 2010

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Romania must close 22 non-conforming landfills by July 16 if it wants to avoid a fresh warning from the European Union, chief commissioner of the National Environmental Inspectors Silvian Ionescu told on Friday. ‘The closure of the municipal waste deposits is in full swing. The European Union’s deadlines are set on each July [...]

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ode orange and Code yellow Danube flash flood advisories extended

13 Martie 2010

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Hydrology experts extended the Code orange and Code yellow advisories for the occurrence of flash floods on the Danube until March 15 and March 19, 2010 at 2:00 p.m., respectively. The National Hydrology and Water Management Institute (INGHA) announced on Friday that the Code orange for the Danube stays in effect between [...]

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Premier Boc discusses with CNS Cartel Alfa unioninsts picketing Government headquarters

13 Martie 2010

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Premier Emil Boc stopped on Friday for a few minutes to talk with the trade unionists gathered outside the Government headquarters, as part of a protest action initiated by the Cartel Afla National Trade Union Confederation (CNS). The Prime Minister invited the trade unions’ representatives to discussions on Friday at 12:30 pm, [...]

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Romania’s balance of payment deficit narrows by 73 pc, y-o-y

13 Martie 2010

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In January 2010, the balance-of-payments current account posted a deficit of 123 million euros, 73.2 percent lower than in January 2009, due largely to the narrower trade deficit (217 million euros, down 55.8 percent year on year), according to data released on Friday by the National Bank of Romania (BNR). Non-residents’ direct [...]

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Brokers predict small shares’ profit will increase

13 Martie 2010

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Investment funds are most interested in buying bonds on the Romanian market, as they are looking for fixed-income instruments and continue to bet on the reduction of the key interest rate implemented by the National Bank of Romania (BNR), the Ziarul Financiar daily cites Darie Moldovan, trading director with Broker brokerage [...]

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Bela Marko: Government should no loger have right to issue emergency ordinances or assume responsiblity for certain laws

13 Martie 2010

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Chairman of the ruling Hungarian Democratic Union of Romania (UDMR) Bela Marko said on Friday that, as part of a process meant to amend the Constitution, he would have to think of a general reform of the institutions, the Government included, which should be deprived of the right to adopt emergency [...]

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Romania ranked 4th in the EU in terms of 2010 industrial output growth

13 Martie 2010

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Industrial production grew more than expected in January 2010, year on year, both in the European Union overall and in the euro area, with January 2010 being the first month when industrial production moved into positive territory since April 2008. According to data released on Friday by the Eurostat official statistics bureau [...]

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President Basescu refuses offer to be made honorary member of AOSR

13 Martie 2010

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Romanian President Traian Basescu thanked members of the Academy of Romanian Scientists (AOSR) for their initiative to make him honorary member, but he said he could not accept the title, reads a release on Friday issued by the Presidential Administration. „As regards the proposal of the Academy of Romanian Scientists Traian Basescu [...]

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Tales from the Golden Age to be viewed at Ankara Film Festival

13 Martie 2010

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The film „Tales from the Golden Age,” written and co-directed by Cristian Mungiu, will be screened at the 21st International Film Festival in Ankara, which is organized over March 11-21, 2010. According to a release of the Romanian Cultural Institute (ICR) in Istanbul, the Romanian movie was invited within a special section [...]

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Romania’s January 2010 industrial output, up 6.9pc over January 2009

13 Martie 2010

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Romania’s industrial output was up 6.9 percent in January 2010, year on year in unadjusted figures and 7.1 percent when adjusted for business days and seasonality, the National Statistics Institute (INS) reports in a press release issued on Friday. INS data seem to indicate a recovery in industrial output. In January 2010, [...]

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Romania’s electricity consumption, up 2pc in January

13 Martie 2010

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Final electricity consumption in Romania stood at 4.484 billion KWh as of end-January 2010, up 2 percent from the similar month of the year before, according to centralised data with the National Statistics Institute (INS). Public lighting was down 2.8 percent, while household consumption was up 3 percent. Electricity exports were down [...]

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Volume of construction works, down 64 pct in January against December 2009

13 Martie 2010

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The volume of construction works (as gross series) dropped by 64.5 percent in January 2010 against December 2009, while the decrease stood at only 6 percent as adjusted series by the number of working days and seasonality, informs a release submitted by the National Statistics Institute (INS) on Friday. The same volume [...]

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Tarom flight comes back following technical problems

13 Martie 2010

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The Tarom aircraft flying from Bucharest to Barcelona, which had taken off from the Otopeni Airport on Friday, at 9:32 am, had to come back to the airport, Valentin Iordache, spokesman for the airport, told. „The aircraft, a Boeing 737, took off at 9:32 am from the airport, and afterwards the pilot asked [...]

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Romanian amateur astronomers win two international prizes

13 Martie 2010

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UNESCO and the International Astronomical Union, the organisers of the International Year of Astronomy 2009 (IYA 2009) have recently selected five winners of their prizes extended for the best events organised in the world under the last IYA 2009 cornerstone project called Galilean Nights, with two of them going to Romania. The [...]

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Trade deficit drops 38.4 pct in January

13 Martie 2010

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The FOB-CIF trade deficit stood at 1.783 billion lei in January this year (426.8 million euros), less by about 1.104 billion lei (265.8 million euros) compared with January 2009, according to data centralized by the National Institute of Statistics (INS). The trade deficit dropped 38.38 percent in euros and 38.24 percent in [...]

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RomCard processing centre is being sold

13 Martie 2010

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RomCard, the oldest player on the local card transactions processing market, owned by the Romanian Commercial Bank (BCR), the Romanian Development Bank (BRD), Raiffeisen and UniCredit Tiriac, is currently under selling procedure, Ziarul Financiar daily writes on Friday, quoting sources on the money market. „This is not a basic activity for a [...]

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ANL houses to have single national price

13 Martie 2010

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Young people who pay rent for houses built through the National Housing Agency (ANL) will be able to buy their houses for a single national price, which will be made known later this week through a joint order of the Ministries of Regional Development and Public Finance, relevant minister Elena Udrea [...]

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