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Romania

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Social/Politics

FT: Romania’s Schengen Accession Could Take Years

It may be years, not months, before Romania and Bulgaria can join the passport-free Schengen area, mainly because of lack of trust in the two countries’ judicial institutions, the Financial...

Gavrila Oana · 07.06.2011 · 10:50 · 1 min
Energy

Azeri SOCAR Buys Romanian Gas Stations, Plans Expansion

Azeri state-owned oil company Socar bought 14 gas stations in northeast Romania and it intends to further expand its local network, Trend news agency reported Monday, citing the company's ch...

Andrei Cîrchelan · 06.06.2011 · 17:45 · 1 min
Colteanu, GE: Revenue Target Set At $1B In Region For Next Two Years
Energy

Colteanu, GE: Revenue Target Set At $1B In Region For Next Two Years

Cristian Colteanu, who runs the operations of US-based company General Electric (GE) in Romania, the Republic of Moldova and Bulgaria, said the revenue target for the next two years was set...

Roxana Petrescu · 03.06.2011 · 00:00 · 1 min
Social/Politics

Romania Hopes Italy Will Remove Work Restrictions Soon

Romania hopes that Italy will remove the last work restrictions for Romanians soon, Prime Minister Emil Boc said Monday, after a meeting with his Italian counterpart, Silvio Berlusconi.

Radu Bostan · 30.05.2011 · 20:01 · 1 min
Social/Politics

Italy Asks Romania To Support Refugee Initiatives - Sources

The Italian government has asked Romanian authorities to support its initiatives in the European Union to solve the issue of North African refugees, people close to the matter told MEDIAFAX...

Radu Bostan · 30.05.2011 · 19:13 · 1 min
Banks-Insurance

NBG Switches To EUR1M First-Quarter Loss In Romania

The National Bank of Greece (NBG) Thursday said it has switched to first-quarter loss of EUR1 million on the Romanian market, from net profit of EUR12 million in the year-earlier period, hur...

Florentina Dragu · 26.05.2011 · 19:35 · 1 min
EBRD Raises Romania GDP Forecast To +1.8% In 2011
Macroeconomics

EBRD Raises Romania GDP Forecast To +1.8% In 2011

The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity...

Florentina Dragu · 20.05.2011 · 12:55 · 1 min
Social/Politics

EU Launches Infringement Procedure Against Romania Over Air Service Agreement With Russia

The European Commission on Thursday launched an infringement procedure against Romania over its bilateral air service agreement with Russia.

Radu Bostan · 19.05.2011 · 15:22 · 2 min
Vienna Insurance Group Posts EUR5M Loss In Romania In 1Q
Banks-Insurance

Vienna Insurance Group Posts EUR5M Loss In Romania In 1Q

Vienna Insurance Group (VIG) reported a loss before taxes of EUR5 million in Romania in the first quarter, compared to a profit of EUR7.4 million in the same period a year ago, as gross unde...

Radu Bostan · 17.05.2011 · 14:33 · 1 min