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EXCLUSIVE: EC Asks Romanian Authorities To Explain Ordinance On Consumer Loans, After Complaints

19:54, 06 Oct. 2010
The European Commission is asking Romanian authorities for an explanation, after it received complaints regarding the transposition of Directive 84/2008 into Romanian legislation through Emergency Ordinance 50/2010, which requires banks to ensure transparency for current loan contracts.

IMF Sees Romanian GDP Falling At Fastest Pace In Emerging Europe

17:23, 06 Oct. 2010
Romania’s economy will shrink at the fastest pace among emerging states in Europe this year, while its estimated growth of 1.5% for 2011 will be the smallest in the region, the International Monetary Fund said in its latest global outlook report.

Romanian Automobile Dacia To Continue Production Of Euro 4 Vehicles Only For Foreign Mkts

14:53, 06 Oct. 2010
Romanian carmaker Automobile Dacia, owned by French Renault Group, will continue to produce vehicles equipped with Euro 4 engines, but only for countries with no car pollution tax, Automobile Dacia general manager Jerome Olive told MEDIAFAX.

EXCLUSIVE: IMF: Parent Banks May Want To Increase Exposure To Romania Voluntarily

14:41, 06 Oct. 2010
Romania’s agreement with the parent banks of the largest local lenders is temporary and the country won’t probably need it any more in a year and a half, as the banks will want to increase their exposure voluntarily, an official of the International Monetary Fund said Wednesday.

EXCLUSIVE: Romanian New IMF Deal Under EUR13B, Fund Says

14:00, 06 Oct. 2010
Romania’s potential new agreement with the International Monetary Fund would be “undoubtedly” smaller than its current EUR13 billion deal, IMF mission head Jeffrey Franks said Wednesday, adding that the financing program will most likely be a precautionary arrangement.

EXCLUSIVE: Syrian President Bashar Al-Assad To Visit Romania This Year

13:42, 06 Oct. 2010
Syria’s President Bashar al-Assad will visit Romania this year and the two countries will sign several bilateral agreements, including a treaty on extradition, Romanian Foreign Affairs Minister Teodor Baconschi told MEDIAFAX Wednesday.

Romanian Opp Leader Urges President Not To Pass Pension Bill Into Law

13:21, 06 Oct. 2010
Romania’s opposition Social Democratic Party leader Victor Ponta Wednesday called on President Traian Basescu not to promulgate the pension reform, which has been cleared by the Constitutional Court, threatening to call for his suspension otherwise.

Romania Ctrl Bank Head: FX Interventions Used To Balance Treasury Shortage

13:09, 06 Oct. 2010
Romanian central bank has to use its forex reserves to manage liquidity on the interbank market as the market lacks the adequate treasury issues, central bank governor Mugur Isarescu said Wednesday.

Romanian Fiscal Auth To Refund VAT Worth RON934.19M In Oct

13:03, 06 Oct. 2010
Romanian fiscal authority ANAF will refund VAT worth 934.19 million lei (EUR1=RON4.2798) in October, in three installments, the institution announced Wednesday.

Romanian Constitutional Court Clears Pension Bill

12:47, 06 Oct. 2010
The Romanian Constitutional Court Wednesday ruled constitutional the country’s unitary pension bill.

Romania’s Jan-Aug Pwr Output -0.9%, Resources -1.1% On Yr

11:15, 06 Oct. 2010
Romania’s power output dropped by 0.9% on the year in January-July, while the country’s total power resources dropped 1.1% on the year in the same period, the National Statistics Institute said Wednesday.

Romanian 9-Mo Dacia Car Registrations In Spain Tripled To 15,559 Units

20:41, 05 Oct. 2010
Registrations of Romanian Dacia cars in Spain tripled in the first nine months of the year, to 15,559 units, from 5,193 cars in the same interval last year, said Spanish carmaker association ANFAC.

Rompetrol Needs Not Pay Its Debt To Romania – Ex-Owner

16:00, 05 Oct. 2010
Businessman Dinu Patriciu on Tuesday said oil company Rompetrol, owned by Kazakh KazMunayGas, has the contract-stated right not to pay the debt claimed by the Romanian state.

EU Asks Romania For Details On Consumer Lending Ordinance

14:13, 05 Oct. 2010
The European Commission sent Romanian authorities a letter asking for further details on the transposition of a European directive into local legislation through Government Emergency Ordinance 50/2010 on consumer lending contracts.

About 8,500 Romanian Education Unionists March Streets To Labor, Education Mins’ HQ

13:59, 05 Oct. 2010
About 8,500 education system unionists affiliated with the Federation of Free Unions in Education (FSLI) left the Victoriei Square for the headquarters of the Education and Labor ministries, in protest over wage cuts, layoffs and the lack of reforms in the sector.

Romania Fails To Use 95% Of EU Funds – EC Official

13:55, 05 Oct. 2010
Romania fails to use about 95% of the EU funds it has at its disposal, which calls for reform in its public administration, which should be depoliticized, an official of the European Commission said Tuesday.

HBO Romania Documentary „The World According to Ion B.” Nominated For International Emmy

12:51, 05 Oct. 2010
The documentary "The World According to Ion B.," produced by HBO Romania and directed by Alexander Nanau, has been nominated in the "Arts Programming" of the 2010 International Emmys, according to event website www.iemmys.tv.

Romanian Lower Chamber Rejects Opposition Request For Committee On Pension Bill Vote

12:15, 05 Oct. 2010
Romanian deputies belonging to the opposition requested Tuesday that a committee be set up to investigate the final vote on the pension bill, which took place in the Chamber of Deputies on September 15, but their request was rejected by the plenum.

Some 5,000 Romanian Education Unionists Protest In Bucharest Tuesday

11:55, 05 Oct. 2010
Almost 5,000 affiliated with the Federation of Free Unions in Education (FSLI) are protesting Tuesday, World Teachers’ Day, outside the Government’s headquarters, demanding decent salaries, the cancellation of layoff plans and investments in schools.

Romania’s August Net Salary Down 1.2% M-M To RON1,339

10:06, 05 Oct. 2010
Romania’s net average salary in August was at 1,339 lei (EUR1=RON4.2815), down 1.2% compared with the previous month, the National Institute for Statistics said Tuesday.

Registrations Of New Renault, Dacia Cars In Germany Down 34.2% In First 9 Mos

17:32, 04 Oct. 2010
Registrations of new Renault and Dacia cars in Germany fell 34.2%, to 114,113 units, in the first nine months of 2010, compared with the 27.5% decline of the German car market, to 2.16 million units.

World Bank Might Grant Loans To Help Romanian Agriculture

16:46, 04 Oct. 2010
The World Bank (WB) will look into ways to grant loans to the Romanian agriculture sector, the Romanian Agriculture Ministry said in a press release Monday.

Romanian Education Unionists Protest Ouside Presidential Palace On World Teachers’ Day

15:44, 04 Oct. 2010
Romanian unionists affiliated with education union federations FEN and ‘Spiru Haret’ will stage protests outside the Presidential Palace on October 5, the World Teachers’ Day.

Bucharest Apartment Prices Decline Continues In Sept – Survey

15:44, 04 Oct. 2010
Prices of new dwellings in Romania’s capital Bucharest dropped by up to 7% on the month in September, while old apartments’ prices saw a maximum 4.2% decrease, according to a survey of property website imobiliare.ro.

Romanian Govt To Seek Confidence Vote In Parl To Pass Education Bill Unless Adopted By Senate

15:13, 04 Oct. 2010
Romania’s Government will seek a confidence vote in Parliament to pass the education bill if the Senate fails to adopt the bill in the next seven to ten days, Adriean Videanu, vice-president of the country’s ruling Democratic Liberal Party said Monday.

Romanian Aeronautics Association ARCA Launches First Local Space Rocket

14:15, 04 Oct. 2010
The Romanian Aeronautics and Cosmonautics Association (ARCA) Friday successfully launched the first Romanian space rocket, Helen 2, off the Black Sea coast, ARCA president Dumitru Popescu told a news conference Monday.

Romania Leu’s Stability In Sep Fueled By Up To EUR900M From Ctrl Bk – ING

13:19, 04 Oct. 2010
Romania's central bank is estimated to have injected between EUR400 million and EUR900 million in the money market to keep a stable exchange rate for the leu, a report from the ING Bank released Monday showed.

Survey Puts Bucharest In Bottom Tier Of Go-To Cities For Business

13:08, 04 Oct. 2010
Bucharest is second to last in a chart of Europe’s top-36 destinations for business, according to European Cities Monitor survey released Monday by real estate consultancy firm Cushman&Wakefield.

Romania August PPI Rises At 6th Fastest Pace In EU

12:55, 04 Oct. 2010
Romanian industrial producer prices rose at the sixth fastest pace in the European Union in August, official data showed Monday.

Romania Ranks Fifth In Spam Sending Country Top – Panda Security

12:05, 04 Oct. 2010
Romania climbed to the fifth position in the third quarter of 2010 in a spam sending country top, from the eighth position in the previous quarter, IT security solution provider Panda Security said in a report.

Number Of Tourists Entering Romania In August Up 8.9% YY

10:45, 04 Oct. 2010
The number of tourists entering Romania was 8.9% higher in August compared with the same month a year before, while the number of tourists accommodated was down 15.2% on the year, the National Statistical Institute, or INS, said Monday.

Bucharest Local Authorities Keep Heating Subsidies, Adjust Heating Price

15:05, 03 Oct. 2010
Bucharest local authorities decided the city will continue to grant heating subsidies, and the heating price was set at 100 lei/gigacalorie (EUR1=RON4.2672), VAT excluded, Bucharest mayor Sorin Oprescu told a news conference Sunday.

About 10,000 Romanian Education Unionists To Stage Protests On World Teachers’ Day

13:47, 03 Oct. 2010
About 10,000 Romanian education system unionists are expected to participate in protests organized by the Federation of Free Unions in Education (FSLI) outside the Government’s headquarters Tuesday, on the World Teachers’ Day.

Three In Five Romanians Believe Mass Media Are Independent – Survey

19:11, 01 Oct. 2010
Three in five Romanians believe mass media in their country are independent, according to a survey conducted by sociological research company CCSB and ordered by NGO “Pro Democratia.”

Most Romanians Believe Country Is On Wrong Path, Elections Are Rigged – Survey

18:52, 01 Oct. 2010
Four in five Romanians believe elections in their country are rigged and the country is heading into the wrong direction, according to a survey conducted by sociological research company CCSB and ordered by NGO “Pro Democratia.”

Half Of Romanians Would Vote For Reintroduction Of Death Penalty – Survey

18:26, 01 Oct. 2010
Half of Romanians would vote to reintroduce the death penalty, were there a referendum on this issue, according to a survey conducted by sociological research company CCSB and ordered by NGO “Pro Democratia.”

Most Romanians Distrust Presidency, Parliament, Govt, Parties – Survey

17:59, 01 Oct. 2010
Romanians trust firefighters, the church and the military, while the President, Parliament, Government and political parties register the lowest level of popularity, according to a survey conducted by sociological research company CCSB and ordered by NGO “Pro Democratia.”

Healthcare Unionists Protest Wage Cuts In NE Romania, Clash With Security

16:08, 01 Oct. 2010
Around 300 Romanian healthcare unionists of the Sanitas federation in Iasi, northeastern Romania, have clashed with security forces Friday afternoon in their attempt to break through security lines and enter the prefect’s office, in their protest over the 25% wage cut.

Romanian Forex Reserves Rise To EUR32.6B In September

15:00, 01 Oct. 2010
Romanian foreign exchange reserves rose by EUR1.025 billion on the month to EUR32.58 billion in September, boosted by money from the International Monetary Fund and the European Commission, the central bank said Friday.

Two Romanian Soldiers Killed In Afghanistan, One Injured

14:30, 01 Oct. 2010
Two Romanian soldiers have been killed and one has been injured in the explosion of an improvised explosive device in Afghanistan Friday morning.