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Romania’s Constitutional Court Postpones Ruling On Pension Bill For Next Week

13:39, 29 Sept. 2010
Romania’s Constitutional Court on Wednesday postponed for next week a ruling on a law reforming the country’s pension system, which has been contested by the two main opposition parties.

Romanian Transp Min, Railway Unions To Continue Talks, Layoffs Possible

13:33, 29 Sept. 2010
Romanian Transport Minister Anca Boagiu met Tuesday with railway sector union leaders and the two parties agreed to continue talks towards raising the efficiency of the state-owned railway companies, through layoffs, European fund absorption and cost cuts.

E.ON Romania Head Blasts Local Mkt’s Flawed Competition, Regulation

13:23, 29 Sept. 2010
Romanian gas prices are artificially kept low, and the local electricity and gas markets are not competitive, which is why investors are not really interested in Romania, according to Frank Hajdinjak, CEO of German utilities group E.ON’s Romanian unit.

Romania 8-Mo VAT Revenues Up 4.5% On Year After Tax Hike

12:54, 29 Sept. 2010
Romanian budget revenues from the value added tax rose 4.5% on the year to 23.3 billion lei (EUR1=RON4.2648) in January to August, following a 5 percentage point increase in the VAT level enforced in July.

Romania Ctrl Bank Leaves Key Rate Unchanged At 6.25%

12:50, 29 Sept. 2010
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the second straight month as it continues battling rising inflation following a raise in the sales tax.

Ten Romanian Unionists Fined RON10,000 Following Unauthorized Police Rallies

12:21, 29 Sept. 2010
Romanian union leaders Bogdan Hossu, Toader Paraschiv and Sebastian Oprescu and seven other participants in the events that took place Friday at the Presidential Palace, when police unionists organized an unauthorized rally, were fined 10,000 lei (EUR1=RON4.2648) each.

Romanian Unionists Participate In Rallies In Brussels Over Austerity Measures

11:44, 29 Sept. 2010
Romanian unionists Wednesday will participate in demonstrations organized by European unionists in Brussels, where over 80,000 participants around Europe are expected to be present.

Romania’s Upcoming Pwr Giants Should Be “Rethought” – Senate Speaker

11:32, 29 Sept. 2010
Romania’s Senate Chairman Mircea Geoana Wednesday said authorities should rethink the creation of the two national power giants, and to find ways to cut the household consumption prices of energy and natural gas.

Romanian Govt Representatives To Continue Talks With Unionists In October

00:30, 29 Sept. 2010
Romanian Government representatives will meet with unionists in energy and agriculture sectors at the beginning of October, the Government said in a press release Tuesday, after talks with National Union Bloc leaders.

Romanian Lower Chamber’s Special Committees OK Public Sector Pension-Wage Cumulus

18:24, 28 Sept. 2010
The Romanian Chamber of Deputies’ committee for budget and finance and the labor committee on Tuesday approved the draft law proposed by opposition liberals, which eliminates the interdiction to cumulate pensions and wages in the public sector, said labor committee head Victor Paul Dobre.

Romanian PM Resorts To Police Services Again

16:37, 28 Sept. 2010
Romanian Prime Minister Emil Boc said he decided to resort to services provided by the traffic police again, adding that his recent decision to renounce police escort was a way of showing his disapproval of the events which took place last week, during police unionists’ protests.

Romanian Unionists’ Protests Ended With No Incidents

15:58, 28 Sept. 2010
Romanian unionists’ protests on Tuesday ended with no incidents, almost one hour earlier than initially announced by organizers.

Romanian Public Sector Wages To Increase As Of Jan 2011 – Deputy PM

15:01, 28 Sept. 2010
Romanian public sector employees will have their wages hiked as of January 1, after they had to put up with a 25% wage cut measure recently implemented by the Government, and the increase level will be set soon, Romania’s deputy Prime Minister Marko Bela told a news conference Tuesday.

Pwc: Around 40% Of Private Cos In Romania Estimate An Average 6.8% Raise In Salaries In 2011

14:33, 28 Sept. 2010
Around 40% of private companies in Romania estimate an average 6.8% raise in salaries in 2011, compared with an average 4.3% salary raise in 2010, according to a PayWell Romania survey on salary and benefits, conducted by PricewaterhouseCoopers (PwC).

Three Romanian Police Officers Carrying Weapons During Recent Rallies Identified

14:22, 28 Sept. 2010
Three Romanian police officers who were carrying weapons during unauthorized protests held last week outside the Presidential Palace were identified based on video recordings provided by the Bucharest Gendarmerie and analyzed by the Interior Ministry, people close to the matter told MEDIAFAX Tuesday

Romanian PM Invites Union Leaders For Talks At Govt HQ

12:47, 28 Sept. 2010
Romanian Prime Minister Emil Boc has invited union leaders at the Government’s headquarters at 4 p.m. to discuss their claims, Government spokeswoman Ioana Muntean said Tuesday.

Romanian Govt To Cut Heating Aid For Owners Of Pigs, Sheep, Goats, Chainsaws, Orchards

12:42, 28 Sept. 2010
Romanians who own more than three cattle, five pigs, 20 sheep or goats, or more than 15 bee families will no longer receive heating subsidies, according to a Government act cutting the number of beneficiaries of such aid.

Around 5,000 Romanian Unionists To March In Bucharest Against Austerity Measures

12:41, 28 Sept. 2010
Around 5,000 Romanian unionists affiliated with the National Union Bloc (BNS) have gathered in Bucharest’s Victoriei Square, from where they will march past the headquarters of several ministries, in protest to austerity measures including public sector layoffs and wage cuts.

Romanian Labor Min Calls Unions For Talks Ahead Of Protest, Unions Decline

11:31, 28 Sept. 2010
Romanian Labor Minister Ioan Botis invited union leaders to negotiations Tuesday ahead of a major rally set to start at noon outside the government building, but union leaders declined saying the protest shall take place as planned and talks may be held afterwards.

Romania Cos See Industry, Services Stable, Constr Negative In Sept-Nov

10:10, 28 Sept. 2010
Romanian managers said they have a negative outlook on the construction sector, and a relatively stable view on the industrial and services sectors for the September-November period compared with the previous three months, the National Institute for Statistics, or INS, said Tuesday.

Romanian President Passes Bill Amending Constitutional Court Law

21:02, 27 Sept. 2010
Romanian President Traian Basescu on Monday signed the decree passing the bill amending Law 47/1992 on the organization and functioning of the Constitutional Court, the Criminal Procedure Code and the Civil Procedure Code.

Romanian President Expects Govt’s Report On Unauthorized Police Protest March

20:48, 27 Sept. 2010
Romanian President Traian Basescu said Monday, at the swearing-in ceremony of the country’s new Interior Minister Traian Igas, that he expects the Government’s report regarding the unauthorized protest march of police workers last Friday, in front of the presidential palace.

Romania Senate: Child-Rearing Benefits To Be Paid Within 60 Days Since Submission Of Applications

20:22, 27 Sept. 2010
Romanian senators on Monday decided the payment of child-rearing benefits and state allowances for children will be made within 60 days since the submission of applications.

Romanian Supreme Defense Council To Convene Thursday, Discuss Schengen Area Accession

18:56, 27 Sept. 2010
Romania’s Supreme Defense Council will convene Thursday at the presidential palace to discuss a series of topics, including Romania's accession to the Schengen Area.

Romanian Nurse Charged With Manslaughter Released From Custody

18:51, 27 Sept. 2010
A Bucharest court on Monday ruled to release from custody nurse Florentina Cirstea, on duty on August 16 at the Giulesti maternity when a fire broke out, leaving three babies dead and eight others severely injured.

Constantin Traian Igas Appointed Romanian Interior Minister

16:31, 27 Sept. 2010
Romanian President Traian Basescu on Monday signed the decree appointing Constantin Traian Igas minister of interior and administration, the presidential office said Monday.

Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% – Analysts

15:00, 27 Sept. 2010
The Romanian central bank is likely to leave its key rate unchanged for the second straight time at 6.25% a year during its next monetary policy meeting September 29, trying to wait off the current inflationary pressures, according to local analysts.

Romanian President Calls Meeting Of Supreme Defense Council For This Week – Sources

14:11, 27 Sept. 2010
Romanian President Traian Basescu has called a meeting of the Supreme Defense Council (CSAT) for this week, people close to the matter told MEDIAFAX on Monday.

Businessman Dinu Patriciu Wealthiest Romanian – Forbes Top Billionaires

14:06, 27 Sept. 2010
Businessman Dinu Patriciu is the wealthiest Romanian with a fortune estimated at EUR2.3 billion, according to the second edition of Forbes Romania Top 500 billionaires.

Bucharest Henri Coanda Airport Certified As International Airport

13:58, 27 Sept. 2010
Bucharest Henri Coanda International Airport was certified as international airport under the new legal provisions in the field, which represents a prerequisite for Romania’s accession to the Schengen Area.

Romanian Govt To Reduce Size Of Public Road Authority CNADNR Board

13:05, 27 Sept. 2010
Romanian public road authority CNADNR’s management board will have seven members, down from fifteen, according to a draft Government Decision drawn up by the Ministry of Transport.

Romanian Bks May Face Full-Portfolio Provision Booking On Consumer Loans

12:30, 27 Sept. 2010
Romanian banks could be forced to book provisions for all consumer loans granted should they lose even one lawsuit on the application of the Government Emergency Ordinance 50/2010 regulating loan interest rates, the head of the banks association ARB said Monday.

Romanian ISPs Required To Publish Quality Parameters

12:11, 27 Sept. 2010
Romanian internet service providers (ISPs) will be required to publish quality parameters and the methods used to measure them on their own web sites and in their contracts with clients, according to a draft decision by communications regulator ANCOM.

Romania’s Jan-Aug Budget Deficit Widens To 4.1% Of GDP – Sources

12:10, 27 Sept. 2010
Romania’s consolidated budget posted a deficit of 20.9 billion lei (EUR1=RON4.2455), or 4.1% of the gross domestic product, after the first eight months of the year, people from the Finance Ministry told MEDIAFAX.

Romanian Interior Minister Resigns Following Unsanctioned Police March

11:21, 27 Sept. 2010
Romania’s Interior Minister Vasile Blaga resigned Monday, amid tensions raised by an unsanctioned protest march of police workers Friday, which prompted the president and prime minister to renounce police protection

Romanian Interior Minister Might Resign – Sources

09:33, 27 Sept. 2010
Romanian Interior Minister Vasile Blaga plans to sign his resignation letter and forward it to the Prime Minister on Monday, people close to the matter told MEDIAFAX.

Romanian PM Renounces Police Protection – Union Leader

13:34, 26 Sept. 2010
Romanian Prime Minister Emil Boc has chosen to refuse Police and Gendarmerie protection, informing the officers of this decision upon his return from New York City, police union leader Florian Ionita said Sunday on TV station Antena 3.

Romanian President Gives Up Police Escort After Illegal March

18:43, 25 Sept. 2010
Romanian President Traian Basescu has requested that Interior Ministry personnel be relieved of providing his security, as of Friday 5 p.m., after ministry employees took part in an unauthorized march on the presidential palace, said the President’s spokesman, Valeriu Turcan.

Romania To Meet Medium-Term Fiscal Targets, Must Ensure Permanence Of Adjustments – IMF

14:35, 25 Sept. 2010
The recent efforts toward fiscal consolidation have put Romania on a sure path to meeting its short- and medium-term fiscal targets, but the main challenge is ensuring the permanence of these adjustments, by maintaining expenditure constraints and through structural fiscal reforms, said the IMF.

Romanian PM Assures USA Of Support For Southern Energy Corridor Development

13:30, 25 Sept. 2010
Romania supports the development of the Southern Energy Corridor, which will connect the European market to the gas reserves in the Caspian Sea region and Middle East, while the Nabucco project is the priority for Romania, Prime Minister Emil Boc said Friday in New York City.