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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.

Romania PM: Heads Will Roll If New Schengen Terminal Of Henri Coanda Airport Not Ready By Nov 4

13:25, 01 Oct. 2010
Romanian Prime Minister Emil Boc on Friday demanded the construction of the new terminal building of the Bucharest Henri Coanda International Airport be finalized by November 4, and warned “heads will roll” if the deadline is not met and Romania’s accession to the Schengen Area will be affected.

New Terminal Of Bucharest Henri Coanda International Airport To Be Put In Use In March 2011

12:08, 01 Oct. 2010
The construction of the new terminal building of the Bucharest Henri Coanda International Airport will be finalized in November and the terminal will be put in use in March 2011, along with Romania's accession to the Schengen Area.

Romania Will Appeal Rompetrol’s Actions In Court – PM

11:52, 01 Oct. 2010
Romania will appeal in court oil company Rompetrol’s actions that do not comply with the law and will recover the debts by court orders, Prime Minister Emil Boc said Friday.

Romanian Dacia Worldwide Sales Up 12.1% In 8 Mos, To 221,000 Units

19:27, 30 Sept. 2010
Romanian carmaker Dacia’s worldwide sales rose 12.1% in the first eight months of 2010, to 221,092 units, giving it a 0.6% share of the market, French group Renault, Dacia’s owner, announced Thursday.

Romanian President Calls On Interior Ministry To Crack Down Harder On Crime

19:06, 30 Sept. 2010
Romanian President Traian Basescu said Thursday, at the Supreme Defense Council meeting, that the Interior Ministry must crack down harder on gang violence and organized crime and show zero tolerance to law violation and in situations affecting the dignity and integrity of ministry personnel.

Romania Gets 44.7% Stake In Rompetrol After Company Passes On Cash Redemption

18:27, 30 Sept. 2010
The Romanian authorities Thursday rejoined the shareholder structure of oil refinery Rompetrol Rafinare (RRC.RO) with a 44.69% stake, after the latter failed to redeem in cash a 2.3 billion lei (EUR1=RON4.2674) convertible hybrid held by the government.

Romanian Union Leaders Agree On Joint Protests Of Up To 80,000 People

16:51, 30 Sept. 2010
The leaders of Romania’s major trade union confederations decided Thursday to hold joint protests, meaning the rally planned for October 7 might be postponed to allow more time to mobilize 70,000-80,000 people.

EC Closes Infringement Against Romania On Optical Radiation

16:34, 30 Sept. 2010
The European Commission has closed legal proceedings against ten countries, including Romania, after they communicated national measures to transpose European Union rules into national law.

Romanian Road Authority To Introduce Electronic Toll System On Oct 1

15:57, 30 Sept. 2010
Romania’s public road authority CNADNR will introduce the electronic road toll system on October 1 and drivers without proof of its payment will be charged compensation between EUR28 and EUR1,210, depending on the type of vehicle, and will be fined.

Romanian Nurse Charged With Manslaughter Stays In Custody

15:53, 30 Sept. 2010
Romanian nurse Florentina Cirstea, charged with manslaughter in the deaths of six premature newborns killed in a fire at a Bucharest maternity, will remain under arrest after the Bucharest Court on Thursday admitted prosecutors’ appeal to a lower court decision to temporarily release Cirstea.

EU Asks Romania To Comply With Bird Protection Rules

14:55, 30 Sept. 2010
The European Commission has asked Romania to ensure that its bird protection legislation is fully compliant with EU law, as the Commission is concerned that hunting periods designated under Romanian law coincide with periods of special protection.

Romanian Transp Min’s Debts To Passenger Transporters Hit RON120M

13:33, 30 Sept. 2010
Romania’s Transport Ministry has a 120 million lei (EUR1=RON4.2719) debt to passenger transport firms, which represents overdue payments for ticket price subsidies granted to disadvantaged people.

Progressive Taxation Would Hike Workforce Costs – Romanian Ctrl Bk Official

13:12, 30 Sept. 2010
A return to progressive taxation would not help balance the budget deficit, since taxes collected on revenue represent some 3% of the gross domestic product, but personnel costs would surge, Thursday said Eugen Radulescu, audit manager at the central bank.

Romania Needs EUR100M To Finish Bucharest-Ploiesti Highway

11:17, 30 Sept. 2010
Romania’s Transport Ministry needs EUR100 million to finish the last segment of a highway linking capital Bucharest to the nearby city of Ploiesti, which was supposed to be finished this year but was moved to end 2011.

Four Dead, 57 Injured In Bus Accident In SE Romania

09:50, 30 Sept. 2010
Four people died and 57 were injured Thursday morning in Tulcea town, southeastern Romania, after a bus transporting tens of passengers plunged off a dam linking Tulcea to its industrial site.

Bucharest Council Adjusts Heating Price, After VAT Hike

18:57, 29 Sept. 2010
Bucharest’s General Council approved Wednesday raising the price of heating in the city, in light of the VAT hike to 24%, from 19%.

Romanian Govt To Eliminate Minimum Tax As Of Oct 1

18:51, 29 Sept. 2010
Romania’s Government decided to eliminate the minimum tax starting October 1, Prime Minister Emil Boc announced Wednesday.

Romania Could Become SE Europe’s Energy Mkt Hub – Hidroelectrica Chief

17:56, 29 Sept. 2010
Romania has the chance to become an energy market hub in southeastern Europe, but it might miss this opportunity if it fails to make clear investment decisions on the production units' upgrade, Wednesday said Mihai David, general manager of Romanian hydropower producer Hidroelectrica.

Romania Economic Sentiment Rises Slightly In September

14:40, 29 Sept. 2010
Romania’s economic sentiment index edged slightly higher to 76.7 points in September, helped by minor gains in industry and construction sectors, a widely watched European Commission monthly survey showed Wednesday.

Romania Could Join Eurozone Later Than Planned – Senator

14:26, 29 Sept. 2010
Romania could join the euro area in 2016, one year later than planned, due to a prolonged recession, said Varujan Vosganian, head of the Senate’s economic committee and former finance minister.

EU Women Earn 20% Less Than Men, 35% Of Women Older Than 65 Live In Poverty – EP

14:17, 29 Sept. 2010
Women in the European Union earn on average 20% less than men for the same work, resulting in lower pensions, while 35% of women older than 65 live in poverty, according to a Tuesday hearing in the European Parliament.

Romanian Tax Auth To Foreclose People With Overdue Health Contributions – Bill

13:45, 29 Sept. 2010
The Romanian Senate on Wednesday adopted 61 to three votes and one abstention a normative act empowering the country’s tax authority ANAF to foreclose private individuals who fail to pay contributions to the Social Health Insurance Fund in due time.

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.