Romania

Ailing U.S. car maker Ford Motor Co. will receive 143 million euros ($232 million Canadian) in aid from the government of Romania, where the company owns an assembly plant, lawmakers said The state aid, spanning until 2012, will support production of cars and engines at the factory in Craiova, in …

Faced with stalled growth and a weakened currency, Bucharest became the latest government to ask the IMF and EU for an emergency rescue package Romania could receive about €20 billion as part of an International Monetary Fund-European Union rescue package, with negotiations due to start this week.

The average net salary in Romania rose 12.9 percent in the year to January, but declined slightly when compared to the month before, the National Statistics Board reported on Monday. January’s average salary was Lei 1,355 down by 0.9 percent from December, 2008. 

Romania’s President Traian Basescu will on Monday address Parliament in a key note speech in which he will say that the country is facing difficult times and make an appeal to Romanians for austerity measures. “I will ask for support in getting a loan from the IMF or the European …

BUCHAREST, – Romania will see economic growth in 2009 despite the ongoing global financial crisis, the country’s President Traian Basescu said on Wednesday. The president made the remarks while meeting with representatives of 12 banks, along with Central Bank Governor Mugur Isarescu and Finance Minister Gheorghe Pogea. 

BUCHAREST -The Romanian parliament Wednesday approved criminal action against former prime minister Adrian Nastase, who faces corruption charges. In a vote, 158 deputies agreed to a request made by anti-corruption prosecutors, while 128 opposed the move. “This is an important step for parliament’s credibility,” said Roberta Anastase, the chamber’s president.

Romania declared an arrest warrant of Romanian non-commissioned officer and Bulgarian citizen on charges of espionage in behalf on Ukraine. According to information of radio Liberty, this military, Floricel Achim, within 2002-2007 years were obtaining military documents from office computers, being secrets of state, whose unauthorized dissemination can pose a …

The cement market in Romania will stagnate in 2009, because the lack of liquidities and difficult access to financing will have an important impact on consumption, the president of CIROM, Mihai Rohan said.Last year the overall cement production was of 10,703,000 tons, on the rise by 6.4% against 2007, according …

Sofia. Petar Zikulov was arrested by Romanian authorities three days ago on a charge of espionage in favor of a third country, but Romanian authorities have not yet announced officially the name of the third country, Foreign Ministry Spokesman Dragovest Goranov said in an interview with Nova Television. He added …

Romania is assessing its options on securing external financial support, looking at both International Monetary Fund and European help, Foreign Minister Cristian Diaconescu said on Tuesday. Skip related content Diaconescu spoke to Reuters in Berlin after Germany’s foreign minister confirmed Bucharest was in talks with the IMF to secure aid …