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Deloitte C Europe Technology Fast 50 Chart Includes 7 Romanian Cos

18:29, 19 Oct. 2010
Romania ranks fourth, with seven companies, in the Deloitte Central Europe Technology Fast 50 chart, which tracks the evolution of IT company revenues in the 2005-2009 period.

Romanian Fin Ministry Employees Resume Protests Doubtful About Receiving Unpaid Bonuses

17:09, 19 Oct. 2010
About 100 employees of the Finance Ministry ceased activity Tuesday afternoon, as they doubt they would receive the wage bonuses promised by authorities, said National Public Servant Union (SNFP) leader Sebastian Oprescu.

Romanian Parliament Adopts Bill Speeding Up Trials

14:45, 19 Oct. 2010
Romania’s Chamber of Deputies adopted Tuesday with 279 to three votes and four abstentions a bill aiming to speed up trials in the country’s legal system.

Romanian Nat Pwr Holdings Setup Will Boost Energy Price – Survey

14:33, 19 Oct. 2010
The two Romanian national power holdings will take out small companies activating on the local energy market, and the result will be a continuous increase in energy prices for end consumers, according to a survey drawn up by the Politehnica University of Bucharest.

Romanian Gas Prices Should Not Go Up This Winter – Econ Min

14:20, 19 Oct. 2010
Romanian Economy Minister Ion Ariton told a press conference Tuesday that, in his opinion, natural gas prices should not grow this winter, on any consumer segment.

Romanian Unions Mull 50,000-People Rally In Bucharest During No-Conf Motion Debates

13:55, 19 Oct. 2010
Romania’s major union federations are planning a major rally in capital Bucharest on October 27, when Parliament is to debate the opposition’s no-confidence motion that aims to overthrow the Government over its austere measures.

Romanian PM Wants Wage Bonuses Granted On Performance Criteria Only

13:43, 19 Oct. 2010
Romanian Prime Minister Emil Boc said Tuesday that salary incentives must be granted in an objective and fair manner, based only upon performance criteria.

Romanian Lower House Adopts Decree On Incentives For State Employees

13:34, 19 Oct. 2010
Romania’s Chamber of Deputies Tuesday adopted a government emergency decree regarding the payment of bonuses and incentives in the public sector.

Agric Min Says Romania Will Export Wheat, Corn Of Almost EUR800M In 2010

13:16, 19 Oct. 2010
Romania will export this year over two million tons of wheat and a similar quantity of corn, at prices per ton ranging from EUR180 to EUR240, Romanian Agriculture Minister Valeriu Tabara told MEDIAFAX.

Romania Agric Min: Food Prices Can Go Down If Processors Reduce Profits, Retailers Lower Fees

12:02, 19 Oct. 2010
Romanian Agriculture Minister Valeriu Tabara said food prices could go down if food processors and stores forego part of their profit and retail chains lower their fees.

Romanian Senate To Re-Discuss Pension Law Early November

12:01, 19 Oct. 2010
The standing office of the Romanian Senate decided Tuesday the pension bill, which the head of state sent back to Parliament for reexamination, will be discussed in a plenary session early November.

EC President Jose Manuel Barosso To Attend Danube Summit In Romania On Nov 8

20:43, 18 Oct. 2010
European Commission President Jose Manuel Barosso will arrive in Romanian capital Bucharest, on November 8, to attend the third summit on the Danube Strategy, Viorel Ardeleanu, national coordinator on the Danube Strategy, said Monday.

Romanian Govt To Seek Confidence Vote In Parliament Over Education Bill On Oct 28

19:06, 18 Oct. 2010
The Romanian Government will seek a confidence vote in Parliament on October 28 to pass the country’s education bill, the standing offices of the Romanian Senate and Chamber of Deputies decided Monday.

Romanian Opposition’s No-Confidence Motion To Be Debated In Parliament On Oct 27

17:38, 18 Oct. 2010
The standing offices of the Romanian Senate and Chamber of Deputies decided Monday that the no-confidence motion submitted by opposition parties against the Government will be presented before the Parliament on October 20 and debated on October 27.

UniCredit Tiriac Bank Sees Romanian NPLs At 20% In 2010

17:22, 18 Oct. 2010
Romanian non-performing loans are likely to reach 20% of the total lending in 2010, according to estimates from UniCredit Tiriac bank.

Romania Targets Autonomy For Ethnic Minorities, Not Regional Autonomy – President Basescu

16:18, 18 Oct. 2010
Romanian President Traian Basescu said Monday, during a joint press conference with Hungarian President Pal Schmitt, that Romania does not target "a regional autonomy, but the autonomy of ethnic minorities in relation with the Romanian Government".

Romania Agrees With Hungary’s New Citizenship Law – President Basescu

15:22, 18 Oct. 2010
Romanian President Traian Basescu said Monday that Romania has no objections to the Hungarian citizenship law which is due to be enforced on January 1, 2010 and which makes it easier for Hungarian ethnics living abroad to get Hungarian citizenship.

Romanian Media Owner Sorin Ovidiu Vintu Hospitalized With Cardiac Problems

13:38, 18 Oct. 2010
Romanian media owner and influential businessman Sorin Ovidiu Vintu, indicted for aiding a fraud convict, was admitted Monday morning, at 3:20 a.m., at the Bucharest University Emergency Hospital, accusing cardiac problems, hospital spokesperson Bogdan Oprita said Monday.

Romanian Chemical Plants Asks Govt To Extend Gas Incentive

13:33, 18 Oct. 2010
Romania's federation of employers in the chemical and petrochemical industry (FEPACHIM) and and unions in the industry (FSLCP) will protest in the next two days in front of the Government and the Economy Ministry headquarters, asking for further incentives in granting locally-produced natural gas to some companies.

Romanian Subway Employees Threaten To Strike If They Lose Bonuses

13:02, 18 Oct. 2010
Employees of Romania’s state-owned subway company Metrorex threaten to go on strike in December if their bonuses for special working conditions are eliminated from the company’s budget.

EBRD Delegation Visits Romania For Consultation Meetings

12:20, 18 Oct. 2010
A delegation of the European Bank for Reconstruction and Development's Board of Directors is visiting Romania between October 17 and October 19, as part of a regular series of consultations, the bank said in a statement Monday.

Romanian Teachers Resume Protests Outside Education Ministry

10:49, 18 Oct. 2010
Romanian teachers resumed protests Monday outside the headquarters of the Education Ministry in capital Bucharest and Liviu Pop, a union leader, said their protests have been authorized until Wednesday.

Romanian President Says Govt Likely To Seek Conf Vote To Pass Public Wage Law

15:58, 17 Oct. 2010
Romanian President Traian Basescu said he doesn’t think the country’s unitary pay law for the public sector will go through Parliament because it may get stuck there indefinitely and the Government will likely seek a confidence vote for its adoption.

IMF Review Mission Visits Romania Oct 20-Nov 1, New Agreement To Be Discussed

14:33, 17 Oct. 2010
A delegation of the International Monetary Fund arrives in Romania Wednesday, October 20, to review the country’s progress under a EUR13 billion loan agreement and discuss a new agreement, an IMF official told MEDIAFAX Sunday.

EXCLUSIVE: Romanian Public Cos’ Mandatory Donations Required At Least Until 2014 – Draft Budget

13:19, 17 Oct. 2010
The system of donations aimed at reducing the effects of the crisis, imposed by the Romanian Government on public bodies and state-owned companies, will carry on at least until 2014, earning the state up to an estimated 1.6 billion lei (EUR1=RON4.2779) per year.

Romania Keeps Pension Frozen Next Year, Lowers Wages, Investment Budgets

12:42, 17 Oct. 2010
Romania’s Government plans to keep pensions frozen at their current level throughout 2011, cut local budgets and funds for wages and investments, according to the draft state budget for next year, obtained by MEDIAFAX.

Romania Eyes 16.6% Higher Revenue From VAT In 2011 – Draft Budget

12:41, 17 Oct. 2010
The Romanian government targets higher revenues from taxes and duties in 2011 following the introduction in July of a 5 percentage-point increase in the sales tax to 24%, according to next year’s draft budget.

Romanian President, PM To Discuss Fin Ministry Incentives Sunday

12:29, 17 Oct. 2010
Romania’s President Traian Basescu and Prime Minister Emil Boc will meet Sunday to discuss the situation of bonuses at the Finance Ministry, following two days of protests among ministry and fiscal administration employees over unpaid incentives, Basescu told Pro TV in an interview Sunday.

Romanian President Unreservedly Supports Precautionary IMF Agreement

12:18, 17 Oct. 2010
Romania’s President Traian Basescu is an unreserved supporter of an open credit line from the International Monetary Fund, the head of state told Pro TV in an interview Sunday.

Ion Tiriac, Dinu Patriciu, Ioan Niculae Are Romania’s Richest Businessmen – Top 300 Capital

17:10, 16 Oct. 2010
Romanian businessmen Ion Tiriac, Dinu Patriciu and Ioan Niculae occupy the top three positions in this year’s Top 300 richest Romanians, an annual ranking by business weekly Capital.

Romanian Health Ministry Working On New Legislation On Public Healthcare Sys

16:26, 16 Oct. 2010
Romania’s Health Ministry is working on a new pack of laws regulating the healthcare system in a move to ensure fair social healthcare contributions and a more efficient National Health Insurance House, minister Cseke Attila said Saturday.

Romanian Parliament Might Debate No-Conf Motion On Oct 25

16:06, 16 Oct. 2010
Romania’s Senate chairman, social democrat Mircea Geoana, said Saturday before a party congress, the no-confidence motion the opposition social democrats and liberal plan to submit Monday is likely to be debated in parliament on October 25.

Romanian President Calls On Parliament To Adopt Pension Bill ASAP

15:39, 15 Oct. 2010
Romanian President Traian Basescu on Friday sent a letter to Senate Chairman Mircea Geoana, calling for the speedy adoption of the unitary pension bill, the presidential office said in a press release Friday.

Romanian Prison Guards Protest Before Ruling Party HQ

14:00, 15 Oct. 2010
Around 100 Romanian prison system employees are protesting Friday in front of the ruling Democratic Liberal Party's main office against salary cuts, the "rigged" vote on the pension bill, "incompetent Government" and president "who would be dictator."

Romania’s September Annual Inflation, Highest In EU

12:50, 15 Oct. 2010
Romania posted the highest inflation in the European Union for the second consecutive month in September, while the EU average rate accelerated to 2.2%, from 2% in August, official data showed Friday.

Tens Of Romanian Teachers Picket Education Ministry HQ

12:25, 15 Oct. 2010
About 60 Romanian teachers on Friday picket the headquarters of the Education Ministry in protest over Education Minister Daniel Funeriu’s refusal to talk with their representatives.

Romania New Car Market Falls 30% In First 9 Mos, 5th Biggest Decline In EU

12:09, 15 Oct. 2010
Romania's new car market registered the fifth biggest decline in the European Union in January-September, of 29.7% on the year, compared to an average decline of 4.3% in the EU, according to the European Association of Carmakers (ACEA).

Teachers In Capital Bucharest Start Spontaneous Protest, Call On Education Min To Resign

21:03, 14 Oct. 2010
Tens of teachers in capital Bucharest staged a spontaneous protest Thursday evening and decided to head for the headquarters of the Education Ministry where they will stay until Education Minister Daniel Funeriu resigns.

Romanian Labor Ministry To Grant Bonuses To Employees Based On Performance Criteria

19:38, 14 Oct. 2010
Romanian Labor Minister Ioan Botis said Thursday that the ministry has a bonus fund and that, after talks with unionists, it was decided that bonuses will be granted based on performance criteria.

Romanian Finance Ministry Employees Halt Protests

18:58, 14 Oct. 2010
Romanian Finance Ministry employees, who have been protesting over unpaid bonuses since Wednesday noon, decided Thursday evening to renounce protests after they were told that bonuses for August and September will be paid.