Correspondent, Bucharest
Radu's Feed
Sep 24, 2014
Aug 11, 2014

Romanian opposition chooses Transylvanian mayor to challenge for presidency

BUCHAREST, Aug 11 (Reuters) – Romania’s centre-right
opposition on Monday nominated an ethnic German provincial mayor
from Transylvania as candidate for president, pitting him
against leftist Prime Minister Victor Ponta who is favoured to
win.

Parliament’s two largest opposition groups, the Liberals and
the Democrat Liberals, voted unanimously to merge last month,
hoping to boost their chances against Ponta in the Nov. 2 poll.

Aug 4, 2014

Tumbling food prices prompt Romanian rate cut, offer scope for more

BUCHAREST, Aug 4 (Reuters) – Romania’s central bank cut its
benchmark interest rate to a record low of 3.25
percent on Monday and hinted it could cut further as food prices
tumble.

The bank began cutting rates last year, later than its
emerging European peers due to stubborn inflation. But with
harvests likely to prove exceptional, inflation hit a record low
0.7 percent in June and investors began to see scope for more
easing.

Aug 4, 2014

Romanian rates gear up to stay at record lows

BUCHAREST, Aug 4 (Reuters) – Romania’s central bank cut its
benchmark interest rate to a record low of 3.25
percent on Monday and hinted it could cut further as food prices
tumble.

The bank began cutting rates last year, later than its
emerging European peers due to stubborn inflation. But with
harvests likely to prove exceptional, inflation hit a record low
0.7 percent in June and investors began to see scope for more
easing.

Jul 31, 2014

Romania joins emerging debt index, economy set to expand

BUCHAREST, July 31 (Reuters) – JP Morgan will include
Romanian debt in its global index for investment-grade emerging
economies from Thursday, a move that should help keep the
European Union member’s borrowing costs at record low levels.

Romania is the second country – after Poland – from the EU’s
emerging east to join the 13-country, “GBI-EM Global Diversified
15 percent cap index”, which also includes local currency debt
of Turkey, Brazil, Malaysia and Russia. Its debt will have an
initial estimated weighting of 1.65 percent, JP Morgan said.

Jul 21, 2014

Romania’s Basescu slams EU for soft Putin stance

BUCHAREST (Reuters) – Romania’s President Traian Basescu on Monday accused the European Union of being weak and too slow in imposing sanctions on Russia to deter it from encroaching further into Europe after its annexation of Ukraine’s Crimea.

An ex-communist state on the Black Sea, Romania joined the EU in 2007 and has been among the most vehement advocates of Western sanctions against Moscow after neighboring Ukraine lost control of its peninsula and some of its eastern territories.

Jun 17, 2014

EU’s Black Sea neighbours eye good milling wheat crops

BUCHAREST, June 17 (Reuters) – Black Sea neighbours Romania
and Bulgaria are gearing up to reap good wheat crops this year
which could keep exports strong in 2014/15 although heavy rain
has taken its toll on yields in the lower Danube river plains.

Romania, which harvested a crop of about 7.4 million tonnes
last year, an eight-year record and its second biggest in four
decades, has emerged as a major cereal exporter to Egypt – the
world’s biggest wheat importer.

Jun 6, 2014

Romania sentences hacker ‘Guccifer’ to jail

BUCHAREST, June 6 (Reuters) – A Romanian court sentenced
hacker “Guccifer”, who broke into the emails of former U.S.
president George W. Bush’s family, entertainment figures and the
head of the Romanian secret service, to four years in jail on
Friday.

Marcel Lazar Lehel, a cab driver by trade and known by his
aliases “Guccifer” and “Small Fume”, was arrested in January in
Bucharest and could spend a total of seven years behind bars as
he also carries a previous three-year suspended sentence.

May 28, 2014

EU’s Balkan citizens take anti-immigrant vote in their stride

BUCHAREST (Reuters) – Britons have a right to worry if Romanians move in next door, or so says the man who triumphed in European Parliament elections. But despite such hostility, Romanians themselves still cherish the European Union as their best chance of escaping poverty.

Some fear a deepening demonization of immigrants from Romania and neighboring Bulgaria following last weekend’s victories of right-wing Eurosceptic parties in France, Denmark and Britain, where the UK Independence Party of Nigel Farage trounced the established parties.

Apr 16, 2014

Teenager uses Facebook to save Romania’s stray dogs

BUCHAREST (Reuters) – When French film actress Brigitte Bardot began a campaign to spare the thousands of stray dogs in Romania’s capital from being put down, she did it with a $150,000 donation scheme.

A similar campaign is being waged by Ana-Maria Ciulcu, a 13-year-old schoolgirl with braces on her teeth who uses Facebook to appeal to dog lovers all over Europe – and to make sure the dogs go to the right homes.