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Romania 2Q Net Investment Down 9.8% On Year To RON13B

10:15, 02 Sept. 2010

Romanian net investments fell 9.8% to 12.96 billion lei (EUR1=RON4.2636) in the second quarter compared with the year-earlier period, due to slow activity in all sectors, the country’s statistics institute INS said Thursday.

Romanian Liberal Leader Attacked On Street Suffers Severe Head Injuries

10:04, 02 Sept. 2010

Romanian liberal leader Cristian Olteanu Wednesday evening was attacked on a street in capital Bucharest and police are looking for the aggressors, said Bucharest Police spokesman Christian Ciocan.

Romanian Democrat Liberal MPs Vote To Reshuffle Govt

10:01, 02 Sept. 2010

Romanian democrat liberal lawmakers Wednesday evening voted for reshuffling the Government, people close to the matter told MEDIAFAX, adding that 12 democrat liberal lawmakers abstained from voting.

Romanian Education Union FSLI To Sue Authorities Over Non-Teacher Layoffs

18:21, 01 Sept. 2010

The Romanian Federation of Free Education Unions (FSLI) announced Wednesday that it will take school inspectorates to court, after an August 24 ministerial order laid off hundreds of the education system’s non-teaching employees effective September 1.

Romanian Employers To Pay Social Security Contributions For Copyright Income – Minister

16:33, 01 Sept. 2010

Romania’s Government will change the applicationnorms for Ordinance 58/2010, regarding social security contributions from copyright, so that the employer, and not the employee, will be required to file the statement and pay the contribution, Environment Minister Laszlo Borbely said Wednesday.

Romanian Social Democrats, Conservatives To File Motion On Agriculture In Lower Chamber

15:40, 01 Sept. 2010

Romanian Social Democratic Party MP Victor Surdu and Conservative Party president Dan Constantin announced Wednesday that the two parties will submit a simple motion on agriculture in the Chamber of Deputies.

Romanian Opposition Parties Team Up For New No-Confidence Motion Against Govt

15:27, 01 Sept. 2010

Romania’s opposition Liberal Party head Crin Antonescu said Wednesday, after a meeting with opposition social democrats, that the two parties will jointly submit a no-confidence motion against the Government, during the Parliament session this fall.

Romanian Carmaker Dacia Might Raise Duster Output To Over 650 Units Per Day

14:49, 01 Sept. 2010

The production of Dacia Duster, the first SUV made by Romanian carmaker Automobile Dacia, might soon reach or even top the production of the Dacia Sandero model, which stands at 650 units per day, Renault Romania general manager Jerome Olive said Wednesday.

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.