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Romanian Media Owner Sorin Ovidiu Vintu To Be Investigated For Money Laundering

18:19, 14 Oct. 2010
Romanian media owner Sorin Ovidiu Vintu will be investigated for money laundering in a new file related to that in which he is accused of aiding and abetting convict Nicolae Popa, a former manager of company Gelsor sentenced to jail time for fraud, according to prosecutors’ bill of indictment.

Romanian State-Owned Railroad Cos Owed RON5.6B In Aug

18:11, 14 Oct. 2010
The state budget debts owed by the three Romanian state-owned railroad companies, CFR SA, CFR Marfa and CFR Calatori, cumulated 5.6 billion lei (EUR1=RON4.2765) at the end of August, while the overall loss reached RON721 million, according to local Transport Ministry data.

Romanian Automobile Dacia Won’t Make Hybrid Cars In Near Future – Official

16:52, 14 Oct. 2010
The strategy of Romanian carmaker Automobile Dacia does not include the production of hybrid cars, as the national infrastructure and various interests in the oil field will not allow the development of a profile market in the near future, Dacia vice-president Constantin Stroe said Thursday.

Romanian Finance Minister Says Employees To Get Bonuses For Aug, Sept

16:43, 14 Oct. 2010
Romania’s Finance Minister Gheorghe Ialomitianu on Thursday told ministry employees protesting over unpaid bonuses that bonuses for August and September would be paid, but only after a commission of unionists and ministry officials analyzes how they are granted.

Romanian Media Owner Sorin Ovidiu Vintu, Two Alleged Accomplices Indicted In Fraud Case

16:21, 14 Oct. 2010
Romanian prosecutors indicted media owner Sorin Ovidiu Vintu, his driver Alexandru Stoian and Moldovan businessman Octavian Turcan on charges of aiding and abetting convict Nicolae Popa, a former manager of company Gelsor sentenced to jail time for fraud.

Romanian Health Min: State Will Pay Overdue Debts To Drugstores Countrywide By Yearend

15:38, 14 Oct. 2010
Romanian Health Minister Cseke Attila on Thursday said the state has paid almost EUR250 million in overdue debts to drugstores countrywide over the past few weeks, adding there are enough state budget funds to pay debts to all drugstores by the end of the year.

Romanian Tour Operators’ 9-Mo Revenues Dn Up To 25%

15:28, 14 Oct. 2010
Romanian tour operators sold 2.5 million holiday packages in the first nine months of the year, but revenues dropped by up to 25%, as tourists chose cheaper holidays, said National Association of Tour Operators (ANAT) president Corina Martin.

Bucharest Court Of Appeals Suspends Insolvency Procedures Against Airline Blue Air

14:54, 14 Oct. 2010
The Bucharest Court of Appeals suspended insolvency procedures against Romanian low-cost airline Blue Air, the airline operator said in apress release Thursday.

Romania Ctrl Bker: Public Sector Too Overcrowded To Allow Decent Pay

14:30, 14 Oct. 2010
Romanian public workers need decent wages, but the system is too overcrowded to allow that, an official at the central bank said Thursday.

Romanian Union Federation Calls On All State Employees To Cease Work Over Pay Cuts

14:24, 14 Oct. 2010
Romanian union federation Cartel Alfa called on all public sector workers Thursday to cease work and urged the Government to pay people’s full wages and bonuses and reverse a 25% pay cut implemented in July.

Romanian Transp Min To Be Named Co-President Of EPP Transport Ministers’ Forum

13:51, 14 Oct. 2010
Romania’s Transport and Infrastructure Minister Anca Boagiu Friday will be appointed co-president of the Forum of Transport Ministers members of the European People’s Party (EPP), alongside former EU Commissioner for Transport Antonio Tajani.

Romanian Public Sector Employees Protest In Bucharest, Countrywide Over Unpaid Bonuses

13:09, 14 Oct. 2010
Hundreds of Romanian public sector employees are protesting Thursday in capital Bucharest and countrywide over the non-payment of wage bonuses and incentives.

Hundreds Of Finance Ministry Employees Continue Countrywide Protests Over Unpaid Bonuses

10:31, 14 Oct. 2010
Hundreds of employees of the Romanian Finance Ministry and local fiscal administration departments throughout Romania are protesting over unpaid bonuses for a second day in a row Thursday.

Negotiations With Romanian Finance Minister Have Hit „Deadlock” – Union Leader

20:19, 13 Oct. 2010
Romanian "Sed Lex" union leader Vasile Marica Wednesday evening told the Finance Ministry employees protesting the non-payment of their bonuses that talks with Minister Ialomitianu have hit a "deadlock" and he has sent for food and water for those that will go on striking.

Romanian Fmr MP Nati Meir Sentenced To Seven Years In Prison For Fraud

17:11, 13 Oct. 2010
The Court of Bucharest on Wednesday sentenced former Romanian lawmaker Nati Meir to seven years in prison for defrauding several people, whom he promised money in exchange for certain guarantees.

Gazprom Says Interested In JV With Romania’s Romgaz

15:54, 13 Oct. 2010
Russian natural gas monopoly Gazprom will send a team of experts to Romania to analyze the opportunity of a joint venture with local peer Romgaz, Gazprom’s president Alexei Miller said Wednesday.

Gazprom, Romania Sign MOI On South Stream Proj

15:33, 13 Oct. 2010
Russian natural gas giant Gazprom and Romanian authorities Wednesday signed a memorandum of intent on the possibility that the South Stream pipeline may transit Romania, Gazprom’s chief Alexei Miller said.

Hundreds Of Romanian Public Finance Sector Employees Stage Spontaneous Protests Over Wage Cuts

15:32, 13 Oct. 2010
Hundreds of Romanian employees with the Finance Ministry and the National Agency for Fiscal Administration (ANAF) in capital Bucharest Wednesday staged spontaneous protests over significant wage reductions triggered by the elimination of their wage bonuses.

Bread Price In Romania Could Rise Up To 30% By Yearend – Agric Union Leader

14:18, 13 Oct. 2010
The price of bread in Romania could increase by up to 30% by the end of the year on higher wheat prices and tax evasion in the processing sector, said Wednesday Niculae Stefan, head of the National Federation of Unions in Agriculture, Agrostar.

Romania Jan-Aug Current Account Gap Widens To EUR4.07B

12:36, 13 Oct. 2010
Romania's current account deficit widened 48.7% to EUR4.07 billion in the first eight months, from a gap of EUR2.74 billion a year earlier, largely due to the falling current transfers surplus, central bank data showed Wednesday.

Romanian Govt Eyes New Social Spending Cut Measures – Working Draft

11:57, 13 Oct. 2010
The Romanian Government plans to eliminate exemptions from the payment of phone and radio-TV subscriptions for war veterans and also to cut allowances for people with disabilities and replace them with fixed sums, according to a Government working draft aimed at cutting social spending.

Romanian Govt To Seek Confidence Vote Over Education Bill – Sources

18:54, 12 Oct. 2010
Romania's Government decided in its Tuesday meeting to seek a confidence vote in Parliament to pass the education bill, starting procedures to this end on Wednesday, people close to the matter told MEDIAFAX.

Romanian Food Prices Might Climb 10% To 25% – Producers

16:56, 12 Oct. 2010
Food prices in Romania will rise by 10-25% in the following months, said Viorel Matei, president of the National Federation of Romanian Agricultural Producers (FNPAR).

Romanian Banks Should Rethink Business Strategies – Ctrl Bker

16:24, 12 Oct. 2010
Romanian banks should reconsider loan reimbursement risks and change their business strategy to prompt lending and economic revival, an official of the central bank said in a presentation.

Bucharest Historic Center Rents Rise, Defying Trend – CBRE Romania

14:58, 12 Oct. 2010
Bucharest’s historic center is the only area in the city where retail rents have grown since 2008, following ongoing rehabilitation and upgrade works, according to real estate consultancy firm CB Richard Ellis Romania, or CBRE.

No. Of Romanian Private Sector Employees Dn 5% in Sept 2010, Wages Up 9% – Survey

14:47, 12 Oct. 2010
The average number of employees in the Romanian private sector decreased by 5% in September 2010 compared to the same month last year, and employees’ average salary income was up 9%, according to a survey conducted by staff management company PayLogic.

Around Half Of Romanian Homeowners Will Have Mandatory Insurance By 2011 – Regulator

13:33, 12 Oct. 2010
Around half of Romanian homeowners will sign mandatory home insurance policies by July 2011, compared to fewer than 10% at the moment, Insurance Supervision Commission president Angela Toncescu said Tuesday.

Romanian Senate Standing Bureau Denies Emergency Procedure For Pension Reform

12:17, 12 Oct. 2010
Romania’s ruling Democratic Liberal Party asked the Senate’s standing bureau Tuesday to approve an urgency procedure for the reexamination of the pension bill, but the opposition-dominated bureau rejected the request.

Romanian PM Says Govt Will Pay Debts To German Cos, Keep 16% Flat Tax

12:01, 12 Oct. 2010
Romanian Prime Minister Emil Boc told German Chancellor Angela Merkel Tuesday Romania will pay its debts to private companies and the government will continue to support investors by keeping the 16% flat tax, not taxing reinvested profit and developing public-private partnerships.

Germany To Liberalize Labor Mkt For Seasonal Workers As Of January 2011 – Romania PM

11:50, 12 Oct. 2010
Germany will liberalize its labor market for seasonal workers, starting January 1, 2011, Romanian Prime Minister Emil Boc said Tuesday after talks with German Chancellor Angela Merkel.

Merkel : Romania’s Accession To Schengen Area Depends On Border Security Conditions

11:34, 12 Oct. 2010
Romania’s accession to the Schengen area will depend on the country's observance of technical conditions to ensure the European Union’s external border security, and not on aspects regarding the social integration of Roma ethnics, German Chancellor Angela Merkel said Tuesday.

Romania Wants To Sign Strategic Partnership With Germany –PM

10:37, 12 Oct. 2010
Romania is counting on Germany’s support within the EU and wants to sign a strategic partnership with Germany, Romanian Prime Minister Emil Boc said in the beginning of a meeting with German Chancellor Angela Merkel.

Romania’s Ruling Coalition Wants Govt To Seek Confidence Vote To Pass Education, Wage Bills

09:26, 12 Oct. 2010
Romania’s ruling coalition decided Monday evening that the Government will seek a confidence vote in Parliament to pass the country’s education bill and unitary wage bill, people with direct knowledge of talks told MEDIAFAX.

Gazprom Head Might Visit Bucharest This Week – Sources

20:56, 11 Oct. 2010
Russian gas group Gazprom’s chairman Alexei Miller will visit Romania’s capital city Bucharest this week to talk with local authorities about the South Stream gas pipeline project, people close to the matter told MEDIAFAX Monday.

Romanian Agric Min Says Increase In Food Prices Ungrounded And Artificial

16:27, 11 Oct. 2010
Romania’s Agriculture Minister Valeriu Tabara said an increase in prices of agri-food products is ungrounded and artificial, adding food processors and those selling food products siphon off profits in the system, to the detriment of raw material producers and consumers.

Romanian President Basescu To Meet German Chancellor Merkel On Tuesday

15:34, 11 Oct. 2010
Romanian President Traian Basescu and German Chancellor Angela Merkel will have an official meeting Tuesday at the presidential palace in Bucharest, followed by a joint press conference.

Romanian Coalition Govt Meets Monday Evening To Discuss Pension, Education Laws

15:26, 11 Oct. 2010
Romania’s governing coalition will meet Monday evening to decide on ways to pass priority laws such as the pension reform and the education bill, Prime Minister Emil Boc said after talks with the head of state.

Tests Indicate No Pollution In Danube – Romanian Water Administration

14:55, 11 Oct. 2010
Tests conducted by experts of Romania’s Water Administration Authority (ANAR) on water samples in Bazias, the entrance point of Danube River in western Romania, indicate the quality of Danube’s water is within normal parameters, following the ecological disaster in Hungary.

Romanian Social Democrats To Boycott Lower Chamber Until Speaker Steps Down – Party Leader

14:55, 11 Oct. 2010
Romanian Social Democratic Party president Victor Ponta said Monday that his party's MPs will not attend the Chamber of Deputies' meetings until Speaker Roberta Anastase steps down.

Up to 750,000 Romanian State Employees Could Have Wages Raised

14:08, 11 Oct. 2010
Up to 750,000 Romanian employees in the public sector could have their gross wages increased up to 850 lei (EUR1=RON4.2675), Labor Ministry state secretary Valentin Mocanu said Monday.