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Romania August Private Lending Up 0.2% On Month

11:20, 23 Sept. 2010
Romanian private lending inched up 0.2% in real terms to 207.6 billion lei (EUR1=RON4.2511) in August from the month earlier, central bank data showed Thursday.

Romanian President On Official Visit To Bulgaria

11:05, 23 Sept. 2010
Romanian President Traian Basescu arrived Thursday in the Bulgarian capital Sofia, where he is on official visit at the invitation of Bulgarian President Georgi Parvanov.

Romania To Exit Recession With A Six-Month Delay – PM

10:54, 23 Sept. 2010
Romania will emerge from recession behind most other countries, as the crisis hit with a six-month delay, Prime Minister Emil Boc said Thursday.

Romanian Govt To Set Social Aid Cap Below Guaranteed Minimum Income – PM

10:43, 23 Sept. 2010
The Romanian Government will set the maximum cap on social aid below the guaranteed minimum income, with the view to determining people to get a job, Prime Minister Emil Boc said during a meeting with the Romanian community in New York.

Romanian Unionists Continue Protests In Bucharest Over Austerity Measures

09:47, 23 Sept. 2010
About 4,000 Romanian health, education and social care workers affiliated with the Cartel Alfa union federation will protest Thursday at the Government’s headquarters over austerity measures implemented by the Government.

Coface Keeps Romania Rating Unchanged At “B”

18:03, 22 Sept. 2010
Coface has left its sovereign rating on Romania unchanged at “B” in September, the lowest rating in central and eastern Europe, the agency said Wednesday.

No Of Protesters To Grow Until Romanian Govt Stops Austerity Measures – Union Leader

16:26, 22 Sept. 2010
Romanian union leader Marius Petcu said, speaking at Wednesday’s union rally in Bucharest’s Victoriei Square, that the number of protesters will be even higher Thursday, to make the Government understand it must put an end to the austerity measures.

Trials In Romania No Longer Suspended Over Exceptions Of Unconstitutionality – Court

16:13, 22 Sept. 2010
Trials in Romania will no longer be suspended by default when exceptions of unconstitutionality are raised, after the Constitutional Court upheld the amendments to Law 47/1992 on the functioning of the Constitutional Court, the Criminal Procedure Code and the Civil Procedure Code.

Romanian Protesters Clash With Security Outside Govt Building

16:07, 22 Sept. 2010
Demonstrators outside the Romanian Government’s headquarters in capital Bucharest clashed with security forces Wednesday afternoon in their attempt to break through security lines toward the building, prompting security to use tear gas.

S&P Cuts Rompetrol To ‘B’, Puts It On Watch Negative On Political Risk

14:30, 22 Sept. 2010
Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks.

Romania Dacia, Renault, Nissan Dealers To Sell Personalized Car Insurance Policies As Of Oct

14:15, 22 Sept. 2010
Dacia, Renault and Nissan dealers in Romania will sell personalized car insurance policies starting October, based on a partnership between Renault group’s financial subsidiary RCI Banque, insurance broker Marsh and three insurance companies, people close to the deal told MEDIAFAX.

Around 9,000 Romanian Unionists Protesting In Bucharest

13:53, 22 Sept. 2010
Around 9,000 Romanian unionists affiliated with the confederation CNSLR-Fratia are taking part in the protest in Bucharest against the Government's austerity measures.

Romania Lower House Moves Fwd On Bill Forcing Alcohol Abusers To Pay For Medical Services

13:42, 22 Sept. 2010
The health committee in Romania’s Chamber of Deputies Wednesday approved unanimously a bill setting that people who require medical attention over voluntary alcohol abuse would have to pay for the medical services, lawmaker Tudor Ciuhodaru said.

Romanians Should Save EUR3,700 Annually To Have Decent Retirement Income

12:35, 22 Sept. 2010
Romanians who will retire by 2051 should save an average of EUR3,700 annually to enjoy a standard of living similar to that before retirement, insurer Aviva Asigurari de Viata general manager Mihai Popescu told a news conference Wednesday.

E.ON To Invest EUR200M In Romanian Wind Farms – ZF

11:30, 22 Sept. 2010
Romanian E.ON Regenerabile, owned by German utilities group E.ON, is currently developing three wind farms with an overall installed capacity of over 100 MW, business newspaper Ziarul Financiar writes in its Wednesday edition.

Romanian Unionists Protest Austerity Measures In Bucharest

10:44, 22 Sept. 2010
Romanian unionists affiliated with the CNSRL Fratia federation are protesting Wednesday in central Bucharest over the government’s austerity measures which include wage cuts and public sector layoffs.

Romanian Constitutional Court Upholds Local Administration Layoffs

10:43, 22 Sept. 2010
The Romanian Constitutional Court rejected the Ombudsman’s notification regarding a Government emergency decree which amends the public finance Law, and upheld the Government's move to lay off local administration staff.

CEZ To Leave Romanian Cernavoda Nuke Project

19:44, 21 Sept. 2010
Czech power group CEZ decided to withdraw from the shareholder structure of Romania’s EnergoNuclear to search for less risky business opportunities in the region, an official of CEZ Romania said Tuesday.

Romania’s Pre-’89 Receivables Moved To Budget To Hasten FP Listing

19:38, 21 Sept. 2010
The sums recovered from receivables accumulated by Romania before 1989 in foreign trade activities will be transferred to the state budget, instead of Fondul Proprietatea’s share capital, according to a draft Emergency Ordinance posted on the Finance Ministry’s website.

Romanian Govt Might Cut Heating Subsidy For People With RON3,000 In Bank

18:17, 21 Sept. 2010
Romanians with bank deposits of more than 3,000 lei (EUR1=RON4.2670) might no longer receive heating subsidies starting with the winter of 2010-2011, according to an option discussed by the government in its meeting on Monday.

Romania Must Set Realistic Date For Euro Adoption – President

17:34, 21 Sept. 2010
Romania must set a realistic goal for the euro adoption, a target that should be based on the country’s actual economic development, President Traian Basescu said Tuesday.

EP Sets Air Accident Investigation Criteria

17:28, 21 Sept. 2010
The European Parliament on Tuesday adopted a law to ensure the independence of air accident inquiries, enabling passengers to choose a contact to be notified and requiring airlines to produce the passenger list within two hours of an accident.

Romanian President Defends Govt’s Austerity Policy, Says Further Action Needed

16:30, 21 Sept. 2010
Romania cannot afford to pay wages for incompetent public servants and social aid to people claiming to be ill, when they just don’t want to work, Romanian President Traian Basescu said Tuesday in a speech in Parliament.

Romania To Sign New Deal With IMF In 2011 – President

16:02, 21 Sept. 2010
Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, President Traian Basescu said Tuesday.

Romanian Life Insurers Required To Evaluate Clients’ Finances Before Signing Contract, As Of 2011

15:59, 21 Sept. 2010
Romanian providers of life insurance will be required, starting with September 2011, to evaluate the position and financial needs of future clients, using a questionnaire, and recommend solutions to match, says an order by insurance regulator CSA.

Romanian Opp Liberals To Challenge Pension Bill At Constitutional Court

15:06, 21 Sept. 2010
Romania’s opposition Liberal Party said Tuesday it will challenge the country’s pension bill at the Constitutional Court, after the Chamber of Deputies rejected a proposition to retake the vote on the bill, amid fraud allegations raised by the opposition.

EU: Romania Took Effective Action To Lower Budget Gap

14:30, 21 Sept. 2010
Romania has taken effective measures to lower its budget deficit to below 3% of the gross domestic product by the 2012 deadline, the European Commission said in a statement Tuesday.

Romanian Chamber Of Deputies Rejects Proposition To Retake Vote On Pension Bill

14:25, 21 Sept. 2010
Romania’s Chamber of Deputies Tuesday rejected with 33 to 158 votes and eight abstentions the Standing Bureau’s proposition to put the pension bill to the vote again, amid fraud allegations raised by the opposition.

Over 50,000 Volunteers In 39 Counties Join Cleanup Campaign „Let’s Do It Romania! „

13:55, 21 Sept. 2010
Over 50,000 volunteers in 39 counties countrywide joined the national cleanup action "Let's Do It Romania!" until Monday, and organizers say they expect over 200,000 people to partake in the campaign on Saturday.

Romanian Opp Party Files Criminal Complaint Against House Speaker Over Allegedly Marred Vote

12:57, 21 Sept. 2010
Romania’s opposition Social Democratic Party filed Tuesday criminal complaints against Chamber of Deputies Speaker Roberta Anastase and lawmaker Sever Voinescu for allegedly marring a vote on the country’s pension bill.

Around 20,000 People To Protest Wednesday Over Romanian Govt’s Austere Measures

12:34, 21 Sept. 2010
Around 20,000 people will protest Wednesday, in Bucharest’s Revolutiei Square and at the Government’s headquarters, displeased with the Executive's austerity measures.

UN Presence In Romania Increases Country’s Credibility – PM

12:02, 21 Sept. 2010
Romania will continue to support the reform of the United Nations, given the country’s current high credibility as regards cooperation with this organization, said Prime Minister Emil Boc on Tuesday, before leaving for the UN General Assembly meeting in New York City.

Romanian Pwr Watchdog Awards CEZ First Permits For Black Sea Wind Farms

18:29, 20 Sept. 2010
Czech state-owned power company CEZ Monday said it received from Romania’s energy regulatory authority ANRE the first greenhouse gas emission certificates for the energy produced at its wind farms near the Black Sea and delivered to the national electricity network.

Romania Must Adopt Pension Law, Pay Hospital Debts For New IMF Loan Tranche – PM

17:26, 20 Sept. 2010
Prime Minister Emil Boc said Monday that Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International Monetary Fund (IMF) will release the sixth tranche of the loan agreed upon last year.

Car Sales On Romanian Market Might Increase In Oct, Nov – Dealers

17:11, 20 Sept. 2010
Sales on the Romanian car market will increase in October and November, the last two months of the 2010 clunkers program, supported mainly by the fall of car voucher prices and the shrinking of the used car market, car dealers said.

Romanian Owners Of Multiple Homes, High Engine Capacity Cars Not To Receive Heating Subsidies

15:25, 20 Sept. 2010
Romanians who own more than one home or cars with an engine capacity exceeding 1,600 cubic meters will not receive heating subsidies, the Government decided in a meeting Monday.

Romanian Chamber Of Deputies Might Retake Vote On Pension Law, After Opposition Complaints

15:14, 20 Sept. 2010
The Standing Bureau of the Romanian Chamber of Deputies decided Monday to hold the vote on the unitary public pension system again, if the plenum approves, social democrat deputy group leader Mircea Dusa said.

July Plane Crash In SE Romania Caused By Technical Problems

13:27, 20 Sept. 2010
The plane crash that took place on July 5 in Tuzla, in the southeastern Romanian county of Constanta, occurred due to some technical problems, and prosecutors will not start criminal investigations into the case, said the Prosecution Offices’ press bureau.

Austrian Cos Still Interested In Romania, But Require Transparency

12:34, 20 Sept. 2010
Austrian companies are still interested to invest in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the legal system, according to Rudolf Lukavsky, representative of the Austrian Embassy to Bucharest.

Romanian Ex General Chitac In Coma; Receives Medical Care For Brain Tumors, Cardiac Problems

11:50, 20 Sept. 2010
Romania’s former high-ranking General Mihai Citac is in a coma and is receiving medical care for his longtime cardiac problems and for several brain tumors doctors detected two weeks ago.