Romania News

BUCHAREST, Romania: Prosecutors say they have dropped criminal charges against former President Ion Iliescu for allegedly inciting miners to riot in clashes that left six people dead. The general prosecutor’s office made the announcement Wednesday. The charges related to violence in June 1990, when Iliescu was president.

Romania’s annual inflation rate rose slightly to 6.9 per cent in February from 6.7 per cent in January, primarily due to the weakening of the national currency, the leu. The National Statistics Institute, INS, also said on Wednesday that the rise in inflation in February was due to an increase …

Bucharest. A delegation of the International Monetary Fund (IMF) will arrive Wednesday in Bucharest. The delegation will stay in the country till March 25, Romanian media report. The major issue to be tabled for discussion is an IMF program for Romania, part of a financing package, with the participation of …

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 …