REPORTERNET.COM

Romania’s new Government will continue former Cabinet’s commitments to the International Monetary Fund (IMF) and the European Commission (EC), the Romanian Prime Minister, Mihai Razvan Ungureanu, told officials from the two financial institutions today.

Good news for Romania – a “potentially significant” offshore gas disovery in the Black Sea.

The higher passenger volume to and from Romania last year prompted airline Airline to increase its capacity by adding more flights for Romania. Lufthansa carried  680,000 passengers on routes between Romania and Germany in 2011, up 20 percent over the previous year, according to the company. In 2010, the airline flew 615,000 passengers to and from Romania, 10 percent more than in 2009.

Romania’s Eolica Dobrogea SRL sued the country’s energy regulator, ANRE, and power grid operator Transelectrica for refusing to connect a wind park to the national grid, Transelectrica said.

Romanian producers will be able to export organic products to the United States only with the certification obtained in Romania, which is now recognized overseas too, European Commissioner for Agriculture and Rural Development Dacian Ciolos on Wednesday told Agerpres.

Hundreds of pounds worth of chewing gum is being stolen from British stores to use as currency in Romania.

Romania’s Government wants to turn tourism into a more attractive business for travel agencies that bring foreign visitors to the country.  

The president of a former communist country in economic turmoil anoints a security service chief as his successor. Sound familiar?

Romania is the country with the lowest degree of absorption of European funds, and this is a reality which cannot be denied but steps must be taken to improve it.