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EXCLUSIVE: Romania Govt To Ensure Consumer Loan Ordinance Won’t Affect Ongoing Contracts

14:07, 17 Nov. 2010
The Romanian government agreed to work with the parliament to ensure that its emergency ordinance 50/2010 on consumer loans protects both consumer and bank rights, according to the country’s additional letter of intent to a EUR13 billion loan agreement with the International Monetary Fund.

EXCLUSIVE: Romania Says Will Cut More Public Sector Jobs In 2011

14:03, 17 Nov. 2010
Romania's Government pledged to continue layoffs in the public sector in 2011 to meet the terms set under a EUR13 billion loan from the International Monetary Fund, according to the country’s additional letter of intent to the IMF.

Turkish Low-Cost Carrier Pegasus Might Enter Romanian Market In Jan 2011

14:03, 17 Nov. 2010
Turkish low-cost carrier Pegasus might enter the Romanian market in January 2011 with a return flight on the route Bucharest- Istanbul.

ING Says Romania May Reach 2010 Deficit Target, Sees Limited Mkt Impact

13:33, 17 Nov. 2010
Recent budgetary indicators suggest Romania may be able to reach its year-end fiscal objectives, but the positive evolution could have only a limited impact on the market, due to the government’s repeated failure to lower the general arrears, according to a report from ING Bank Romania.

Romanian Export-Oriented Industries Poised To Grow Further In 2011 – Survey

13:13, 17 Nov. 2010
Romanian export-oriented manufacturing industries will continue to grow in 2011, further supporting economic recovery, whereas sectors such as retail and constructions will be negatively impacted by low consumer confidence, according to consultancy firm Roland Berger.

Romanian Lower Chamber Sets Pension Bill Reexamination Calendar

12:37, 17 Nov. 2010
The standing office of Romania’s Camber of Deputies Wednesday set a calendar for the reexamination of the pension bill, a piece of legislation required by the IMF and sent back to Parliament by President Traian Basescu.

Romanian Graft-Indicted Senator Catalin Voicu Stays In Custody

11:58, 17 Nov. 2010
Romanian graft-indicted senator Catalin Voicu remains in custody after the Supreme Court rejected Wednesday his requests for release.

Romanian President To Attend Govt Meeting On Wage Law, IMF Agreement, Schengen Accession

11:13, 17 Nov. 2010
Romania’s President Traian Basescu has been invited to attend the Government meeting on Wednesday which will discuss the public sector wage law, the country’s agreement with the International Monetary Fund and Schengen accession.

Romanian Govt, Unions, Employers Fail To Agree On 2011 Minimum Wage

20:41, 16 Nov. 2010
Romanian Government officials, unionists and employers' representatives reached no consensus on the minimum wage level in 2011 during talks on Tuesday.

Romanian Senate Rejects Decree Cutting Heating Aid For Owners Of Multiple Homes

16:14, 16 Nov. 2010
Romania’s Senate on Tuesday rejected a government emergency decree that denied heating subsidies to people who own more than one home, cars with an engine capacity exceeding 1,600 cubic meters or hold bank deposits of over 3,000 lei (EUR1=RON4.2912).

Romanian Opp Lawmakers To Challenge Lower House Rule Change At Constitutional Court

16:03, 16 Nov. 2010
Romania’s opposition Social Democratic and Liberal parties will notify the Constitutional Court on the change in the Chamber of Deputies rulebook setting that quorum is no longer required for decisions made by the Chamber’s standing office.

Romanian Lawmakers Change Lower House Rules To Override Opposition Boycott

15:24, 16 Nov. 2010
Romania’s Chamber of Deputies Tuesday adopted an amendment to the institution’s Standing Office rulebook setting decisions can be made with the votes of the majority of office members present and no longer require quorum.

Romanian Child Mortality Triggered By Poverty, Lack Of Information, Health Sector Problems

15:08, 16 Nov. 2010
The death rate among children under five is double in Romania compared to the European Union average and poverty, lack of information and doctors’ migration are among the most obvious factors to be blamed for the large number of child deaths.

Romanians’ Foreign Financial Holdings At EUR3.2B In September

14:32, 16 Nov. 2010
Romanian residents’ financial holdings abroad stood at EUR3.2 billion in September, down 12% from December last year, central bank data showed Tuesday.

Romania-Moldova Border Treaty Unconstitutional – Moldovan Pres

13:54, 16 Nov. 2010
The signing, last week, of the Treaty on state borders between Romania and the Republic of Moldova, by Moldovan Prime Minister Vlad Filat and Romanian Foreign Minister Teodor Baconschi, is unconstitutional, said Moldovan President Mihai Ghimpu, cited by the online edition of Jurnal de Chisinau.

Schengen Experts Visit Romanian Henri Coanda Intl Airport

13:14, 16 Nov. 2010
Schengen Area evaluation committee experts Monday visited International Airport Henri Coanda in Otopeni, near capital Bucharest, to assess the country’s progress regarding airspace.

Romania’s October Annual Inflation, Highest In EU

13:10, 16 Nov. 2010
Romania posted the highest inflation in the European Union for the third consecutive month in October, while the EU average rate accelerated to 2.3%, from 2.2% in September, official data showed Tuesday.

Romanian Carmaker Dacia Continues Growth In EU In Jan-Oct

12:16, 16 Nov. 2010
New car registrations in Europe of Romanian carmaker Dacia increased 4% on the year in October, to 21,320 units, and 10.5% in the first ten months, to 213,964 units, but was overtaken by other brands in terms of growth pace, according to data released Tuesday by the Association of European Carmakers (ACEA).

Romania’s Auto Market Sees 5th Largest Decline In EU In Jan-Oct 2010

12:07, 16 Nov. 2010
Romania’s car market registered the fifth largest decline in the European Union in the first ten months of 2010, dropping three positions, down to the 17th spot, in terms of new car registrations, the Association of European Carmakers (ACEA) said in a press release Tuesday.

Romania’s Econ Min Launches Smart Grid Development Plan

12:01, 16 Nov. 2010
Romania’s Economy Minister Ion Ariton approved two days ago a plan of action aiming to introduce smart power grids in Romania, said Tuesday Claudiu Stafie, state secretary within the ministry.

Romanian Opp Lawmakers Boycott Lower Chamber Works Again

11:48, 16 Nov. 2010
Romanian opposition social democrats and liberal lawmakers Tuesday left Chamber of Deputies plenary meeting again, protesting against Speaker Roberta Anastase.

Romania’s Govt Wants To Pass Wage Bill Through Confidence Vote

09:32, 16 Nov. 2010
The Romanian Government will seek lawmakers’ confidence vote to pass the country’s public sector wage bill into legislation, Prime Minister Emil Boc said Monday.

Romanian Opp Lawmakers Protest Against Lower Chamber Speaker, Leave Plenary Meeting Again

18:40, 15 Nov. 2010
Romanian opposition social democrat and liberal lawmakers left the Chamber of Deputies plenary meeting on Monday, protesting against democrat liberal Speaker Roberta Anastase, whom they accused of abuse of office.

Romania To Sit Next Test In Schengen Accession – Airport Reevaluation

18:12, 15 Nov. 2010
Experts from the Schengen Area evaluation committee will visit Romania Monday to Wednesday, to assess the country's progress regarding air borders, as some European Union member states are skeptical about Romania's capacity to join the Area in March 2011.

ING Ups Romanian GDP Growth Forecast To -1.6% In 2010

16:40, 15 Nov. 2010
ING Bank Romania has lifted its forecast on Romanian gross domestic product growth to minus 1.6% in 2010, on better-than-expected third quarter GDP data, the lender said in a report Monday.

Romanian Govt Notifies Constitutional Court About Legal Conflict Btw State Institutions

15:05, 15 Nov. 2010
Romania’s Government asked the Constitutional Court in a letter to take note of a legal conflict between the Executive and the Parliament, as the latter refused to debate the no-confidence motion filed by the opposition after the Executive sought lawmakers’ confidence vote on the education bill.

Romanian Household Loan Demand Seen Rising Slightly In Q4

15:03, 15 Nov. 2010
Romanian banks estimate household lending will recover slightly in the fourth quarter of 2010, but demand is expected to remain weak, a quarterly central bank survey showed Monday.

Romanian Govt To Consult Constitutional Court On Education Bill – Sources

14:11, 15 Nov. 2010
Romania's Government will ask the Constitutional Court for an opinion on the procedure through which it may take a vote of confidence on the education bill, people close to the matter told MEDIAFAX on Monday.

EXCLUSIVE: Romania Govt Expects Thousands Of Complaints Over Recalculated Pensions

14:55, 14 Nov. 2010
The Romanian Government has received about 200 complaints over the recalculation of special pensions and expects their number to rise to tens of thousands but will dismiss them all as ungrounded.

Gazprom: Bulgaria Now Safe From Romanian Competition For South Stream

13:45, 14 Nov. 2010
Bulgaria can no longer be replaced by Romania as the European hub of the Russian-sponsored South Stream gas transit pipeline, Gazprom CEO Alexei Miller said in Sofia, novinite.com reported Sunday.

Romania PM Says Govt To Make A Top Priority Out Of Infrastructure Next Year

15:48, 13 Nov. 2010
Romanian Prime Minister Emil Boc said Saturday infrastructure works will be a top priority for the Government in 2011 because it is a major resource for economic growth and job creation.

Romanian Ctrl Bank Governor Says Arrears Worse Than Large Deficits

14:34, 13 Nov. 2010
Arrears are one of the reasons why Romania is in recession and has a high inflation rate and the chain of overdue payments is more dangerous than large deficits, central bank governor Mugur Isarescu said Saturday.

Romania PM Cuts Ribbon On 10 Km Of Transylvania Highway

13:54, 13 Nov. 2010
Romanian Prime Minister Emil Boc and Transport Minister Anca Boagiu on Saturday cut the ribbon to open a new ten-kilometer section of the Transylvania Highway between Turda and Campia Turzii in northwestern Romania.

Romanian Hidroelectrica Deputy Replaced Over Politics

20:09, 12 Nov. 2010
The managing board of Romanian hydropower generator Hidroelectrica decided to replace deputy general manager Traian Oprea and keep him on as consultant, people close to the matter told MEDIAFAX.

Bird Flu Strain Detected In Danube Delta

18:34, 12 Nov. 2010
Inspectors with the Sanitary Veterinary Department in the Southeastern Romanian county of Tulcea have detected the presence of the H5N3 subtype of the bird flu virus in 20 geese, located in a place called Cot Candura in the Danube Delta.

Romanian 2011 Draft Budget Ensures Wage Fund For 1.29 Million State Employees

16:34, 12 Nov. 2010
Romania’s Prime Minister Emil Boc said Friday that the draft budget for 2011 ensures salary funds for 1.29 million employees and dismissed as false union leaders’ recent statements that the salary fund included in the draft budget for next year does not cover the total number of state employees.

Romanian Ctrl Bk Calls On Government To Pay Its Debts

13:55, 12 Nov. 2010
Romanian central bank governor Mugur Isarescu on Friday called on the Government to resolve the general arrears issue and give a positive example to all taxpayers.

Romania Jan-Sept Current Account Gap Widens To EUR4.23B

13:50, 12 Nov. 2010
Romania's current account deficit widened 32.6% to EUR4.23 billion in the first nine months, from a gap of EUR3.2 billion a year earlier, largely due to the falling current transfers surplus, central bank data showed Friday.

Romania PM Says Govt May Continue Education Law Adoption Through Confidence Vote

13:33, 12 Nov. 2010
Romanian Prime Minister Emil Boc said Friday the Constitutional Court decision allows the Government to continue the adoption of the education bill through a confidence vote.

Romanian Govt’s Move To Adopt Education Bill Through Confidence Vote Groundless – Court

12:12, 12 Nov. 2010
The Romanian Government undermined the Parliament’s attributions as legislator by seeking to adopt the country’s education bill through a confidence vote, the Constitutional Court said Friday.