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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.

Romania’s Decree Extending Tax Pool Not Directed Against True Creators – PM

12:44, 27 Aug. 2010
Romanian Prime Minister Emil Boc said Friday he is willing to hold talks with freelancers, who said they will stage protests and will not pay the new taxes on income gained from copyright, in order to make them understand that the amendments to the Tax Code are not directed against “true creators.”

Romanian PM Says Ministers’ Activity Will Be Assessed Only Inside Govt

12:21, 27 Aug. 2010
Romanian Prime Minister Emil Boc on Friday said the activity of both Labor Minister Mihail Seitan and of all other ministers, in view of a potential Cabinet reshuffling, will be assessed only inside the Government and together with “decision makers”.

Nine In Ten Romanians Say Country’s Economic Situation Is Gloomy; 85% Distrust Govt – Poll

10:57, 27 Aug. 2010
Nine in ten Romanians say the country’s economic situation is gloomy and 85% of them, the highest percentage in the European Union, distrust the Government, according to a Eurobarometer survey.

Romania Transgaz Eyes Changes To Nabucco Agreement To Ease Decision-Making

09:37, 27 Aug. 2010
Romanian natural gas pipeline operator Transgaz (TGN.RO) recommended a series of amendments to the partnership agreement for the construction of the Nabucco pipeline to simplify executive procedures and adjust the documents to the current development stage of the project.

Bucharest Stock Exchange General Manager Resigns

19:16, 26 Aug. 2010
The general manager of the Bucharest Stock Exchange (BVB.RO), Anca Dumitru, resigned her position Thursday and will be replaced by Valentin Ionescu starting September 27, Dumitru told MEDIAFAX.

Romania Leu Falls Vs Euro On Growing FX Demand

18:19, 26 Aug. 2010
Romania’s leu widened early losses against the euro in late trade Thursday, pushed by heavy demand for euros, and closed 0.26% weaker on the day at 4.249/4.25 units.

Romania, France To Request Extra Funds For Roma Inclusion Projects From EC – Labor Min

09:58, 26 Aug. 2010
Romanian and French authorities have agreed to jointly request extra funds for Roma inclusion programs from the European Commission, with a French delegation expected in Bucharest on September 9-10, Romanian Labor Minister Mihai Seitan said Wednesday.

Romanian Health Minister Asks For 5,000 New Employees, PM Approves Only 1,000

09:23, 26 Aug. 2010
Romanian Health Minister Cseke Attila asked the Government to unfreeze 5,000 jobs in the public healthcare system, but Prime Minister Emil Boc said that only one in seven vacancies, or 1,000 overall, can be unfrozen at the moment and any changes will have to be negotiated with the IMF.

Romanian Govt To Cover Difference Between Farming Loan Interest And EC Reference Rate

09:04, 26 Aug. 2010
Romania’s Government will allot 103 million lei (EUR1=RON4.2368) until 2012 to cover the difference between the interest rate of loans taken out by farmers for production in 2010 and the reference rate announced monthly by the European Commission, Agriculture Minister Mihail Dumitru said Wednesday.

Romania’s Large Thermal Pwr Plants To Be Resized, Heat Subsidy Eliminated In 2011 – PM

20:26, 25 Aug. 2010
Romania’s major thermal power plants will be resized in 2011, adjusting to city demand, lower after the closing of the larger industrial consumers, while the heating subsidy will be granted only to households with low incomes, Prime Minister Emil Boc said Wednesday on national radio.

Enel Romania Appoints Radu Cosarca As External Relations Manager

20:07, 25 Aug. 2010
Romanian former journalist Radu Cosarca was appointed manager in charge with external relations at Enel Romania, the local subsidiary of Italian utilities group Enel, people close to the matter told MEDIAFAX Wednesday, information confirmed afterward by Enel Romania.

Romanian Public Sector Salaries May Be Adjusted In 2011 If Reforms Continue – PM

19:54, 25 Aug. 2010
Romanian Prime Minister Emil Boc said Wednesday on national radio that public sector salaries may be “adjusted” in 2011, as long as the process of reform and restructuring continues.

Over 73% Of Romanians Say Media Is Reliable Information Source On Corruption – Poll

14:58, 25 Aug. 2010
Over 73% of Romanians said mass-media is the first most credible source of information regarding corruption cases, according to a survey conducted by the National Agency of Public Servants, as part of a project regarding corruption.

Romania Scrapped Over 161,116 Cars Under 2010 Clunkers Program

14:39, 25 Aug. 2010
Over 160,000 cars older than ten years were scrapped by August 20, 2010 within Romania's clunkers program, and the number of new cars bought within the program exceeded 35,000 units, of which 50% were produced on the local market, Romanian Environment Ministry said Wednesday.

Romania Wants No Shares In Rompetrol Rafinare – Rompetrol CFO

13:27, 25 Aug. 2010
Romania’s Government does not want to partner up with KazMunayGas in Rompetrol Rafinare (RRC.RO), the refining unit of the Rompetrol Group, so that the Kazakh company is considering its possibilities in running Petromidia refinery alongside the state, a Rompetrol official said Wednesday.

Romanian Leu Opens Down Vs Euro, Recovers Shortly After

11:41, 25 Aug. 2010
The Romanian leu opened slightly lower versus the euro on Wednesday, but appreciated shortly afterwards, and dealers suspected an intervention of the central bank.

Romania’s Social Code To Cap Benefits Granted To Individuals, Families – Labor Minister

11:24, 25 Aug. 2010
Romanian Labor Minister Mihai Seitan told MEDIAFAX Tuesday that social benefits to be granted to individuals and families will not exceed a maximum cap to be set by the Social Code, a normative act that must be finished by the end of October.

Stress Tests: Romanian Banking Provisions Up By 38% In 2010

20:47, 24 Aug. 2010
Romanian banking provisions are estimated to increase 38% on the year in 2010, due largely to lower exposure to companies, central bank data showed Wednesday.

Romania Ctrl Bk: Higher Margins, Asset Sales Bolster Short-Term Banking Revenue

20:21, 24 Aug. 2010
Romanian banks’ short-term financial strategy for the first half of 2010 included frequent increases of interest margins, immobilized asset sales and investments in state paper, central bank data showed Tuesday.

Romanian Medical Assistant Charged With Negligent Homicide, Arrested For 29 Days

20:14, 24 Aug. 2010
A Bucharest lower court on Tuesday ruled to have Florentina Cirstea, the medical assistant detained in connection with the incident at the Giulesti maternity hospital, placed in preventive custody for 29 days.

Romanian Senate Adopts Law On Public-Private Partnership, Law On Attorney Profession

19:26, 24 Aug. 2010
Romania’s Senate adopted Tuesday the Law on public-private partnership and the amended Law concerning the attorney profession.

Romanian Senate Adopts Govt Ordinance Amending Law On Local Public Finances

19:11, 24 Aug. 2010
Romania’s Senate adopted Tuesday the draft law approving the Government Emergency Ordinance amending the Law on local public finances, with 66 votes for and 50 against.