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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.

Romania’s OMV Petrom Hikes Pump Prices By Up To RON0.06/Liter

11:30, 20 Sept. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) on Monday raised its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2523) and RON0.03 per liter, respectively, the company said in a statement.

Romania Registers 41 Cases Of West Nile Virus Infections

11:23, 20 Sept. 2010
Romania has reported three new cases of infection with the West Nile virus and the total number of people affected by the virus reached 41, the Health Ministry said Monday.

Romanian Police Officers Countrywide Set Off Protests, Reduced Activity Over Wage Cuts

10:58, 20 Sept. 2010
Romanian police officers countrywide set off protests Monday and reduced their activity over the 25% wage cut imposed by the Government in July.

Romanian Actor Horia Serbanescu Dies At 86

09:46, 20 Sept. 2010
Romanian actor Horia Serbanescu, 86, died Sunday, at the Bucharest University Emergency Hospital, hospital spokesperson Bogdan Oprita told MEDIAFAX.

More Than Half Of Romanians Have Lower Income Compared To 2009 – Survey

18:06, 19 Sept. 2010
More than half of Romanians have lower income in 2010 compared to 2009, and this is the case of both people aged over 35, with low education, and younger people with higher education and average income, according to a survey conducted by market research company 360insights.

Many Hotels In Romania Could Be Closed In 2011; Owners Unable To Sustain Loss-Making Businesses

16:55, 19 Sept. 2010
Many hotels in Romania might be closed in 2011 because hotel owners no longer have financial resources to sustain loss-making businesses, Tinu Sebesanu, manager of consulting company Trend Hospitality, told MEDIAFAX.

Romanian Railway Co CFR Calatori To Hike Tariffs By 8% Starting September 20

15:28, 19 Sept. 2010
Romanian state-owned passenger railway company CFR Calatori will raise railway transport tariffs by 8% starting September 20 and it will maintain discounts for commuters, school pupils and university students, the company said.

Giulesti Maternity Hospital In Bucharest Reopens Monday

15:10, 19 Sept. 2010
Bucharest general mayor Sorin Oprescu on Sunday said renovation works at the intensive care unit for premature babies of the Giulesti maternity hospital in Bucharest were finished and the hospital will reopen Monday.

Romanian Govt Remains Open For Dialogue With Unions; Budget Constraints To Be Further Considered

14:02, 19 Sept. 2010
The Romanian Government remains open for dialogue with unions in order to find the best solutions for their problems, but, at the same time, it will also consider the current budget constraints, the Government said in a press release issued at the end of talks with unionists on Saturday.

Romanian PM, Unionists Fail To Reach Common Ground; Protests To Go On

19:23, 18 Sept. 2010
Talks held Saturday between Romanian unionists and Prime Minister Emil Boc failed, and unionists said they would continue protests, arguing talks brought them nothing but empty promises.

EU To Hold Conference On Roma Issue In Romania’s Capital Bucharest In October

15:15, 18 Sept. 2010
The European Union will organize a conference in Romania’s capital Bucharest, sometime in October, to discuss programs assisting Roma people, Laszlo Andor, EU Commissioner for Employment, Social Affairs and Inclusion, said in an interview.

Talks Btw Romanian Labor Min, Unionists Fail; Protests To Go On

17:33, 17 Sept. 2010
Talks held Friday between representatives of Romanian union confederations and Labor Minister Ioan Botis have failed, with unionists saying they will continue protests, as no concrete decision regarding their demands was made.

Romanian Subway Co Metrorex To Hike Tariffs By Around 8% Starting September 18

15:15, 17 Sept. 2010
Romanian state-run subway company Metrorex will raise tariffs by around 8% starting September 18 and it will also introduce three new types of subway cards, the company said Friday.

Romanian Airline Blue Air Renounces Five Planes, Sacks 300 Employees

14:41, 17 Sept. 2010
Romanian low-cost airline operator Blue Air gave up five of its 11 planes and sacked 300 of its 800 employees, within a restructuring process that is due to end on November 1, said Gheorghe Racaru, strategy and development manager of the group Blue Air is part of.

One Queue To File All Romanian Social Security Contribution Statements

14:18, 17 Sept. 2010
Employers in Romania will be able to file statements on contributions to the unemployment aid fund and social pension fund either with the local Pension House or Employment Agency, and won’t have to wait in line twice, Bucharest Pension House Cristiana Dumitrache said Friday.

EIU Cuts Romania GDP Forecast To -1.2% In 2010

12:44, 17 Sept. 2010
The Economist Intelligence Unit (EIU) has revised down its forecast on Romanian economy to minus 1.2% this year, from a decline of 0.6% previously, according to an EIU report.

EC: EU Member States Must Publish Flood Risk Maps By End-2013

18:50, 16 Sept. 2010
The European Commission said, answering a query by Romanian social democrat MEP Daciana Sarbu, that Romania and the other member states must prepare and publish, by the end of 2013, maps on areas threatened by flooding.

Romanian Ex General Mihai Chitac Released From Prison For 4 Mos On Medical Grounds

16:43, 16 Sept. 2010
A Bucharest court ruled to release former high-ranking General Mihai Citac from prison for four months, on medical grounds, people close to the matter said.

Bucharest Shopping Center Evacuated After Drop Ceiling Collapsed

14:23, 16 Sept. 2010
A shopping center in Romania’s capital Bucharest was evacuated Thursday after a drop ceiling collapsed, with officials saying there were no victims.

Romania 1H Exports Rise At 2nd Fastest Pace In EU

13:19, 16 Sept. 2010
Romanian exports rose 26% on the year to EUR17.2 billion in the January-June period, the second biggest increase in the European Union, official data showed Thursday.

Corruption Case Involving Constanta Mayor Radu Mazare Reopened; Constitutional Court Notified

13:04, 16 Sept. 2010
The case in which Constanta mayor Radu Mazare and other public servants are tried in connection with the illegal retrocession of several land plots was reopened after prosecutors provided more information and evidence in the case.

Romanian Opposition To Challenge Pension Law At Constitutional Court

13:02, 16 Sept. 2010
Romania’s opposition Social Democratic Party is looking at ways to challenge the IMF-required pension law, adopted by lawmakers Wednesday, at the Constitutional Court, party leader Victor Ponta said Thursday.