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First Tranche Of EU Loan To Romania Has 3.125% Annual Interest, Matures In 2015

The first tranche, worth EUR1.5 billion, from the total EUR5 billion loan taken by Romania from the European Union has an annual interest of 3.125% and matures in 2015. The European Community bonds issued on 15 July to finance the two installment ...

Romanian Ombudsman Wants Similar Structure In The Military

Romanias Ombudsman, Ioan Muraru, on Monday said he will recommend the lawmakers to set up a similar structure meant to serve the military and their families. Soldiers are citizens who wear uniforms and they must benefit from the same rights as al ...

Romanian Notaries Public To Charge 30% Less To Certify Contracts Within "First Home" Program

Romanian notaries public will charge fees 30% lower to certify contracts for the sale and purchase of homes via the First Home government program, according to an order of the Justice Ministry. The government launched a program guaranteeing EUR60 ...

Romanian Govt Hikes CEC Bk Shr Cap By RON230M, Through Pft Capitalization

Romania's Government raised the share capital of state‑owned lender CEC Bank by 230 million lei (EUR1=RON4.2012), at RON949.28 million, through recapitalizing part of the profit registered in 2008, following an order of the Finance minis ...

Tourist In Romania Advertising Contract Awarded

Romanian consortium made of Best Advertising&Consult SRL and Optimedia SRL was awarded a 3.6 million lei (EUR1‑RON4.2012) contract to create the advertising campaign for the Tourist in Romania project, the tourism ministry said Monday. ...

Romania Presidency: Govt, Judiciary Decided Catalin Predoiu Remains Justice Minister

The Romanian government officials and legal system representatives on Tuesday decided there is no need whatsoever for justice minister Catalin Predoiu to resign or be dismissed, as previously requested by several professional organizations of magi ...

Romanian Govt Pledges RON170M For The Judiciary In 09

Romanian President Traian Basescu on Tuesday said the executive pledged to allocate 170 million lei (EUR1‑RON4.2012) for the judiciary in 2009, urging the magistrates not to endanger the right to justice of citizens following their protests. ...

Press review

Romania's national dailies of Wednesday give main coverage to the ruling coalition saying it may consider reshuffling the Cabinet; Romanian banks bounce back in the black at the end of the first half of 2009; the International Monetary Fund to ...

ArcelorMittal Deals Unfair Blow To Romanian Business

Romanian harbors and navigable channels authorities said steel processor ArcelorMittal deals a "clearly unfair blow" to Romanian business since it stopped working with Comvex and chose to run raw material transports through the four time ...

IMF, Romania To Discuss Program Review After Sept 15

The International Monetary Funds Executive Board will most likely discuss the report that reviews Romania's economic program supported by the institution in the second half of September, IMF said in a press release Monday. The first IMF revie ...

Musicians Snap! To Hold Concert In Bucharest

The band Snap!, famous for hits like "The Power" one of the best sold tracks of all time, will hold a concert Friday in Bucharest, according to the organizers. The concert will be held in Bucharests Turabo Sociey Club. So far, Snap! Ha ...

Romania Swine Flu Cases Climb To 107 Health Ministry Report

Romanias Cantacuzino Institute confirmed 46 new infections with the A/H1N1 flu virus during July 20 ‑ 26, bringing the total number of A/H1N1 cases in Romania to 107 over the past two months, Romania's Health Ministry said in a report Mo ...

Prosecutors To Investigate Constanta Mayor For Displaying Nazi Symbols

Romanian social democrat Radu Mazare will be investigated by prosecutors in Constanta, southeastern Romania, for displaying Nazi symbols in a fashion show in Black Sea resort Mamaia. Mazare wore a Wehrmacht‑general uniform in a fashion show ...

Romanian Government To Notify Prosecutors Office In Sterling Probe

Romania's Government finalized the investigations in the case of the contract sealed with Canada's Sterling Resources and decided to notify the Prosecutors Office on the report, which shows the agreement with the Canadian company was exten ...

Romanian Lower House Approves Report Of Committee Investigating Ex‑Youth Min

Romanian Chamber of Deputies approved by majority of votes a decision adopting the report of the committee investigating former youth and sport minister Monica Ridzi, which asks the Government, the Competition Council and the Court of Accounts to ...

Romanias Chamber of Deputies Sanctions Prosecution Of Ex‑Youth Min

Romanias Chamber of Deputies on Monday evening sanctioned with 192 votes in favor and 35 against the general prosecutors request to start prosecution against former youth and sports minister Monica Iacob Ridzi. Earlier Monday, the former minister ...

Romanian Deputies Approve Inquiry Committee For Tourism Min

The plenary of Romanias Chamber of Deputies approved with 103 votes in favor, none against and no abstention, the setting up of a committee to investigate how tourism minister Elena Udrea spent public money. The committee will be made up of deput ...

Prince and Princess of Asturias meet President Basescu

Prince and Princess of Asturias began on Monday their official visit to Romania, and President Traian Basescu and his wife Maria welcomed them at Cotroceni Palace (the presidential hqs). Prince Felipe, the heir to the Spanish throne and President ...

Press review

Romania's national dailies of Tuesday give main coverage to the Chamber of Deputies approving criminal investigation of former Minister of Youth and Sport Monica Iacob‑Ridzi; a mission of the International Monetary Fund (IMF) coming to B ...

Eight Romanian Children Found With AH1N1 Virus Upon Return From UK

Eight out of the 38 children that arrived back in Romania Thursday night from camp in Great Britain were confirmed to carry the AH1N1 virus, said the Ministry of Health in a press release. The children spent their vacation in a British camp. Upon ...

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