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Turkish Ship Carrying Scrap Iron Sinks Off Romanian Black-Sea Coast, Crew Rescued

14:16, 01 Sept. 2010
Istanbul-bound Turkish ship Medy, carrying scrap iron, sank Tuesday around noon off the Romanian Black Sea Coast despite rescue teams’ efforts to save it after the entire crew had been rescued.

Romania Leu Loses Gains Vs Euro, Exch Rate At 4.2636

13:50, 01 Sept. 2010
Romania’s leu lost part of its early gains versus the euro mid trade Wednesday and the central bank’s reference weakened to 4.2636 units, a new five weeks low.

Romanian Forex Reserves Fall To EUR31.55B In August

13:40, 01 Sept. 2010
Romanian foreign exchange reserves decreased by EUR26 million on the month to EUR31.55 billion in August, central bank data showed Monday.

Romania Wants Fair, Even Stricter Treatment Regarding Schengen Accession – Interior Min

12:45, 01 Sept. 2010
Romanian Interior Minister Vasile Blaga said joining the Schengen Area has purely technical conditions and Romania wants to be treated fairly and even expected to meet higher requirements, since it will make up the EU’s eastern border.

Romania’s 1H Household Goods Consumption Falls 4% – Survey

12:24, 01 Sept. 2010
Romania’s consumption of household goods dropped 4% year-on-year expressed in the local currency, leu, in the first half of 2010, the first fall in the past 10 years, according to a survey conducted by market researching company GfK.

Romania PM Calls For Solidarity In Europe For Roma Social Inclusion

12:08, 01 Sept. 2010
Romanian Prime Minister Emil Boc on Wednesday called for solidarity at European level to make possible the social inclusion of Roma people, including those of Romanian origin, and stressed the Romanian Government is working on a strategy that will be part of the European measures to this end.

Romania 2Q GDP Growth Fueled By Industry

11:04, 01 Sept. 2010
Romanian second quarter gross domestic product grew by 0.3% in seasonally adjusted terms compared with the previous three months, supported by a 4.2% increase in industry, the country’s statistics institute INS said Wednesday.

Romanian Senate To Ask Venice Commission For Help Revising Constitution – Chairman

20:35, 31 Aug. 2010
Romanian Senate Chairman Mircea Geoana met Tuesday with Mevlut Cavusoglu, president of the Parliamentary Assembly of the Council of Europe, and said the Senate will ask for the Venice Commission’s support in revising Romania’s Constitution and reforming its judicial system.

Romanian President Basescu Promulgates New Law On National Integrity Agency

20:13, 31 Aug. 2010
Romanian President Traian Basescu signed Tuesday the decree promulgating the Law on the National Integrity Agency, as revised recently by the Parliament.

Labor Contracts Often Violated By Employers In Romania – Report

19:20, 31 Aug. 2010
Labor contracts are often violated by employers in Romania and the penalties for such acts are minor and rarely enforced, but the rights of employees are, for the most part, respected, says a Freedom House report on workers’ rights around the world.

Romania Health Insurance House: Social Health Insurance Contribution Mandatory

19:16, 31 Aug. 2010
The payment of the contribution to the National Sole Social Health Insurance Fund (FNUASS) is mandatory and failure to pay is deemed a crime and shall be punished accordingly, Romania’s National Health Insurance House said in a press release Tuesday.

Romania Ranks Last In EU By No. Of Employees With Definite Period Contracts – Report

16:49, 31 Aug. 2010
Romania ranks last among the European Union member states by the number of employees with contracts for a definite period, as only 1% of Romanian employees benefit from this type of contracts, compared to the EU average of 15%, according to a report on the labor market.

Romanian Telecoms Regulator ANCOM Cancels Tender On Digital TV Transition

15:59, 31 Aug. 2010
Romanian telecoms regulator ANCOM announced Tuesday that it has stopped the tender to award the country’s first two digital TV operation licenses.

Romania Not Currently Threatened By West Nile Epidemic – Health Official

15:22, 31 Aug. 2010
About 4% of the population in Romania’s capital Bucharest is immune for life to the West Nile virus after an epidemic in 1996, according to studies by Romanian specialists and the Center for Disease Control in Atlanta, U.S., a Health Ministry official said Tuesday.

Ordinance On Social Security Contributions Will Not Be Changed – Romanian Labor Min

15:21, 31 Aug. 2010
Romanian Labor Minister Mihai Seitan said Tuesday that Government Ordinance 58/2010, which amends the Fiscal Code, will not be changed and that an online tax payment system will be completed by the end of September.

Romanian Govt To Reduce No. Of Family Allowance Beneficiaries By About 100,000

14:57, 31 Aug. 2010
About 100,000 Romanian beneficiaries of single-parent family allowances and complementary family allowances will no longer receive these social benefits with the coming into force of a bill lowering the required income cap to 370 lei (EUR1=RON4.2597) per family member from the current RON470.

Czech CEZ Deplores E Romania Investment Holdups

14:20, 31 Aug. 2010
Czech utilities group CEZ, which is currently developing wind farms for EUR1.1 billion in eastern Romania, said the investment is stopped because of disagreements between local authorities in Constanta county, according to a press release issued Tuesday.

Microsoft Romania Names New BMO Manager

13:30, 31 Aug. 2010
Microsoft Romania, the local unit of U.S. software producer Microsoft, named Michal Golebiewski in the position of business, marketing and operations (BMO) manager, starting with September 1.

Romanian Unions To Rally On Oct 7 Over Public Sector Wage Law

13:28, 31 Aug. 2010
Romanian unionists will rally in capital Bucharest on October 7, the World Day for Decent Work, angered by the country’s unitary wage law regulating wages across the public sector, which lowers salaries of all public sector workers as of next year.

IMF: Romania Public Wages Reduced To 2005 Level

13:08, 31 Aug. 2010
Romanian public salaries have been reduced to a similar level as in 2005 and will have a comparable share in this year’s gross domestic product, an official of the International Monetary Fund said Tuesday.

Romanian Public Notaries In Bucharest, Five Other Counties Lower Realty Deal Fees By 10%

11:42, 31 Aug. 2010
The Chamber of Notaries Public in Bucharest will reduce by 10% the fees charged for real estate transaction signed in Bucharest and in five other counties, namely Calarasi, Giurgiu, Ialomita, Ilfov and Teleorman, starting September 1, the institution said in a press release Tuesday.

Romanian PM Meets Democrat Liberal MPs To Analyze Govt’s Activity Wednesday

09:14, 31 Aug. 2010
The Romanian Democratic Liberal Party’s Standing Office decided Monday that democrat liberal lawmakers will meet with the leaders of the party on Wednesday, when Prime Minister Emil Boc will present a report assessing the activity of the Government and its ministers.

Romania Govt Says Ctrl Bank Pay Cuts Stand

20:06, 30 Aug. 2010
Romanian government Monday upheld a 25% pay cut for central bank staff, but decided the funds will remain at the bank’s disposal instead of being transferred directly to the state budget.

Romanian Unionists Reject RON650 Minimum Wage Proposition Made By Govt

19:07, 30 Aug. 2010
Romanian Government representatives proposed a minimum monthly salary of 650 lei (EUR1=RON 4.2326), but unionists rejected the offer, after they had called on the Executive to consider setting the minimum salary at RON675 or RON705.

Romania’s OMV Petrom To Raise Pump Prices By Up To RON0.04/Liter

18:44, 30 Aug. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) will raise Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1=RON4.2326) and RON0.02 per liter, respectively, the company said Monday in a statement.

Romania’s Govt Plans To Amend Labor Legislation, Introduce Postal Voting For Romanians Abroad

18:44, 30 Aug. 2010
Romania’s Government wants to amend the country’s labor legislation, introduce postal voting for Romanians living abroad, simplify privatization procedures and regulate aspects related to the checkup of public purchase contract award procedures.

Romania Reports Seven Cases Of West Nile Virus Infection, Two Deaths – Health Min

18:41, 30 Aug. 2010
Romanian Health Minister Cseke Attila announced Monday in a press conference that Romania has registered seven cases of infection with the West Nile virus, including two deaths, adding that the Ministry has informed European organizations and specialized bodies.

ECB Slams Romania Again Over Central Bank Salary Cuts

17:01, 30 Aug. 2010
The European Central Bank Monday rebuked Romania for the second time in two months over plans to trim payrolls at the central bank, saying that a proposed amendment to leave the slashed funds at the bank’s disposal is still in direct violation of the central bank independence principle.

Romania’s Govt Debates Draft Law Regulating Family Allowances

16:13, 30 Aug. 2010
Romania’s Government Monday will debate a draft law which states that single-parent family allowances and complementary family allowances will merge, people close to the matter told MEDIAFAX.

Romania Aug Econ Sentiment Improves On Retail Comeback

13:42, 30 Aug. 2010
Romania’s economic sentiment index rose 1.4 points to 76.4 points in August, helped by improving confidence in retail trade, a widely watched European Commission monthly survey showed Monday.

Asus Puts Off Romania Launch Of NX90 Laptop Over Stolen Prototype

11:47, 30 Aug. 2010
Asus Romania has postponed the official launch in Romania of its NX90 laptop, initially scheduled for September, after the prototype was stolen mid-August from a hotel where it had been displayed for promotional purposes, the company said Monday.

Romanian Prosecutors Question Maternity Hospital Interim Manager In Fire Case

11:24, 30 Aug. 2010
Romanian prosecutors on Monday questioned Victoria Nicolau, the interim manager of the Giulesti maternity hospital, where a fire killed five babies and left six others severely injured on August 16.

Romania Aug-Oct Industry, Services Seen Stable, Construction, Retail Slightly Dn – INS

10:20, 30 Aug. 2010
Romanian managers said they are slightly negative about the retail and construction sectors and stable as regards the industrial, and services sectors between August and October 2010, compared with the previous three months, the National Institute for Statistics, or INS, said Monday.

Romania, Hungary Only E Europe Property Markets Unattractive To Investors – DTZ

17:41, 29 Aug. 2010
Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Over 125,000 Tourists Spending Weekend On Romanian Black Sea Coast

15:02, 28 Aug. 2010
More than 125,000 tourists are spending their weekend in resorts on the Romanian Black Sea shore, but hotel operators expect their numbers to swell by a few more thousand.

Bucharest Court Rules To Release Head Of Giulesti Maternity Hospital Tech Dept

20:50, 27 Aug. 2010
A Bucharest lower court rejected prosecutors’ for preventive arrest in the case of Vasile Dima, the head of the technical department of the Giulesti maternity hospital, and decided to have him released and investigated at large.

Romanian Govt To Set Minimum Monthly Wage Level Next Week – PM

18:54, 27 Aug. 2010
The Romanian Government will set the level of the minimum monthly salary next week, after a new meeting with union representatives, Prime Minister Emil Boc said Friday.

Romanian Ambulatory Care Suppliers Must Be ISO-Certified As Of 2012 – Draft

18:22, 27 Aug. 2010
Romanian suppliers of ambulatory care, including recuperation-rehabilitation and dental medicine, will be required to hold ISO quality certificates by December 31, 2011, according to the draft frame-contract on healthcare.

Romanian Technical Service Head Detained For 24 Hours In Giulesti Maternity Hospital Case

16:08, 27 Aug. 2010
Romanian prosecutors Friday detained for 24 hours the head of the technical department of the Giulesti maternity hospital in capital Bucharest, Vasile Dima, in a criminal file investigating the accident that took place in the hospital’s intensive care unit last week.

Romanian State-Owned Railway Co CFR SA General Manager Resigns Over Fraud Charge

15:29, 27 Aug. 2010
Emil Sabo, general manager of Romanian state-owned railway company CFR SA, resigned Friday after being indicted, along with others, for defrauding EUR700,000 in 2005.