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January inflation rate "alarming", analysts say January inflation rate reached 1.03 per cent, 0.2 percent up compared to January 2005, according to a study by the National Statistics Institute. The Romanian National Bank governor estimated the rate at 0.7 per cent. Market analysts consider the January inflation rate as "alarming" taking into consideration the macroeconomic indices.
Gas
Natural gas prices might triple after accesion to EU The purchasing cost of natural gases from internal production might triple in the view of Romania’s accession to the EU, according to representatives of Distrigaz Nord, a Romanian natural gas delivery company covering 20 out of the 41 counties.
Ex-minister calls anti-graft subpoena "a misunderstanding" The secretary general of the main opposition party in Romania, Miron Mitrea, said Tuesday a subpoena he received from the National Anti-Corruption Department a day earlier was a "misunderstanding". Judiciary sources quoted by the media have said he was subpoenaed in relation to a graft case opened against former PM Adrian Nastase.
PM toughens stance on anti-corruption department Romanian PM Calin Popescu Tariceanu stood against a recent Senate vote threatening the existence of a newly established anti-graft judicial institution again on Tuesday, but turned his eye on the ranks of his own government. Mainly, on the minister most appreciated for the fight against corruption over the last 12 months.
Tough competition on East European oil transport market Romania and five other states have signed an accord on the construction of an oil pipeline linking the Black Sea port of Constanta and the Italian Trieste. But the move is just a small step ahead on the long road this regional project has gone so far.
Oil company sues Romanian Intelligence Service Romanian oil company Rompetrol has sued the Romanian Intelligence Service (SRI) for eavesdropping on its chairman Dinu Patriciu and other managers for an undetermined period that may have lasted years, a company press release announced.
Company accuses national wired telecom operator of abuse The RCS&RDS company accuses the national wired telephony operator Romtelecom of impeding the capacity of inter-connection with RCS’s younger wired service. RCS claims its subscribers were unable to call on Romtelecom numbers for the whole last weekend. Contacted by Hotnews.ro, Romtelecom expressed surprise about the complaint.
WHO experts screen Romania for bird flu World Health Organization experts have arrived in Romania to evaluate what measures should be taken in order to prevent bird flu infections among humans. Romanian specialists are due to inform the international team on general measures taken by the Health Ministry in Bucharest to face the current wave of infections.
Romanian deputies approve deal on US bases The Romanian House of Deputies approved by a large majority on Tuesday the Romanian-US accord for the establishment of US mobile military bases in the country. The vote comes two months after the deal was signed by US Secretary of State Condoleezza Rice in Bucharest.
Organized crime charges against equities official The deputy head of the Romanian National Equities Commission (CNVM) announced today he was charged by prosecutors for favoring criminals and being part of an organized crime group in an extensive case opened against Romanian oil company Rompetrol.
Eight companies receive "OK" to run in privatization of electricity company The eight competitors hoping to take over the soon to be privatized Romanian electricity company Electrica Muntenia Sud have been found "ok" as long as the documentation they submitted is concerned, following a thorough analyses of all offers by the Romanian negotiation commission with consultant PWC.
Tough competition on East European oil transport market Romania and five other states have signed an accord on the construction of an oil pipeline linking the Black Sea port of Constanta and the Italian Trieste. But the move is just a small step ahead on the long road this regional project has gone so far.
Infrastructure development a priority for Bucharest City Hall in 2006 The Bucharest City Hall will reserve RON 4.1 billion for investments in local infrastructure this year, the Hall decided last weekend. The construction works of a tunnel seen vital for traffic in the northern part of the City, of parking lots and operations in schools are some of the priorities for 2006.
What the newspapers say: February 15, 2006 Most Bucharest newspapers go with the trend and run front page stories of judicial moves against various businessmen and politicians. Evenimentul Zilei is a bit different and lets one of these people, oilman Dinu Patriciu, to break silence on supposed support for the former Saddam regime in Iraq. But football, eavesdropping ops and French cars are also in the news.
Patriciu admits: bribes to Saddam regime
might have occurred
For the first time since the eruption of the "oil-for-food" scandal, the head of the Romanian company Rompetrol Dinu Patriciu admits in an interview for Evenimentul Zilei it is possible that company money might have reached the pockets of the former Iraqi regime.
ING Life Insurance Unit goes Bulgaria The Dutch ING Group is to launch a Life Insurance Unit on Bulgarian market. The company awaits license from Bulgarian financial regulator in Sofia, Hotnews.ro writes, quoting the Bulgarian electronic journal Dnevnik.
Orange Romania Turnover hits 870 million Euros Mobile telephony operator Orange Romania, division of France Telecom company, reached an almost 870 million Euros turnover in 2005, 39.2 per cent up compared to 2004, Hotnews.ro reports.
Bucharest Stock Exchange shares go down after breathing period The second half of the Bucharest Stock exchange session on Tuesday recorded significant decreases for main indices of 2-3 per cent while the value of the shares traded reached 56.8 RON, following a few days of relative calm that predicted an upsurge in transactions.
Aviva Group doubles business volume in Romania Avia Romania Insurance posted a 113 per cent rise for 2005, whereas the Group recorded a 10 per cent rise globally, from £ 22.3 billion in 2004 to £ 24,6 billion in 2005, representing new business sells, writes Hotnews.ro.

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