Romania News

Despite the global financial turmoil, Romania expects to have around 1.5-1.8 billion euros worth of investment this year in the energy sector alone, Economy Minister Adriean Videanu said on Wednesday. “The money will come from government and private investments, and we will encourage new private initiatives,” Videanu told participants of …

BUCHAREST, Romania: Romania’s foreign minister says his country does not want citizens suspected of committing crimes in Italy to be repatriated. Cristian Diaconescu said Romania would accept the repatriation of Romanians who have been convicted of crimes, but not suspects. Anti-Romanian sentiment in Italy has escalated after recent attacks by …

Bucharest. Romanian Foreign Affairs Minister Cristian Diaconescu will meet on Monday his Italian counterpart Franco Frattini to talk about bilateral relations, the Romanian Mediafax informed. The talks would focus on the business environment and the situation of the Romanians in Italy, ministry’s spokesperson Alin Serbanescu told Mediafax. Diaconescu will have …

Romania’s unemployment rate rose by half a percentage point in January to 4.9 percent compared to the previous month, the National Employment Agency, ANOFM, said on Thursday. In January 2008, the unemployment rate was 4.2 percent. The number of unemployed people in January stood at 444,907, while in January 2008 …

BUCHAREST,  – Romania may need external funding in the second half of this year, when a large part of short-term foreign debt falls due, central bank chief economist Valentin Lazea said on Thursday. Many economists have said the European Union state may be next in line to seek financial aid …

BUCHAREST -Romania’s Justice Minister Catalin Predoiu vowed Thursday to continue judicial reforms after the European Union warned Romania to step up the fight against corruption following a recent drop-off in efforts. “Our priority is still to promote and back the adoption by parliament of the ( civil and penal) codes,” …

BRUSSELS -The European Commission warned Romania Thursday to step up the fight against corruption and boost justice reforms after the government’s efforts to meet European Union standards tapered off recently. “It is important that the Romanian authorities regain momentum on judicial reform and the fight against corruption so as to …

BRUSSELS: Romania has taken some “backward steps” in fighting corruption despite European Union criticism, while fellow EU newcomer Bulgaria has made a number of positive moves, the bloc’s executive arm said yesterday. In interim reports on each, the European Commission told both countries, the poorest members of the bloc, that …

A group of 42 Sudanese refugees has arrived in Timisoara, western Romania, after being evacuated from a makeshift camp in the desert in Iraq, according to UNHCR sources. The refugees, who have been provided with winter clothing, are staying in the new Emergency Transit Centre set up by the Romanian …

The import of Russian natural gas resumed Wednesday morning, after it was halted for two weeks, Romania’s state-owned pipeline operator Transgaz said. Russia’s Gazprom cut off natural gas supplies on January 7 due to economic disagreements with Ukraine. Ukraine is the main transit route for Russian gas pipelines to the …