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Ten Romanian Counties Affected By Recent Floods, Storms

16:52, 22 Iun. 2010
The floods and storms which have affected Romania during the past two days caused damage and casualties in 32 towns and villages in ten counties, Romania’s General Inspectorate for Emergencies, or IGSU, said Tuesday.

Romania’s Deputies Adopt Articles Of Law Allowing Govt To Issue Decrees During Parliament Recess

15:00, 22 Iun. 2010
Romania's Chamber of Deputies Tuesday adopted the articles of the draft law allowing the Government to issue decrees during the Parliament recess, in sectors stipulated in the country’s Constitution, including the budget revision field, and a final vote will be cast on Thursday.

Romania’s Lower Chamber Adopts Draft Civil Procedure Code By Articles, Final Vote Pending

14:14, 22 Iun. 2010
Romania’s lower chamber adopted Tuesday the draft Civil Procedure Code, following an article-by-article vote, and the definitive ballot on the matter will be cast Thursday.

Norway’s Statkraft Avoids Romania In Its Investment Projects

13:42, 22 Iun. 2010
Norwegian power producer Statkraft transferred investments projects worth up to EUR1.3 billion to emerging countries as Albania and Turkey, avoiding Romania due to its unfavorable political environment.

EXCLUSIVE: Swiss Federal Court’s Ruling In Romanian Striker Mutu’s Case Irrevocable

13:40, 22 Iun. 2010
The Swiss Federal Court’s decision whereby Romanian striker Adrian Mutu must pay EUR17 million damages to the Chelsea London football club is irrevocable, and an executory act was already issued, so that the club can start foreclosure procedures against the footballer to recover its money.

Romania Lower House Endorses Integrity Agency Bill, Final Vote To Be Held Thursday

12:48, 22 Iun. 2010
Romanian lawmakers in the Chamber of Deputies on Tuesday adopted all articles of the draft law regulating the functioning of the National Integrity Agency (ANI), which was reexamined at the request of President Traian Basescu.

Romanian Notaries To Lower Fees By 15% For Natl Housing Program Beneficiaries

12:31, 22 Iun. 2010
Romanian notaries public plan to lower their fees by 15%, after a 30% cut last year, for beneficiaries of a government-guaranteed home-buying program and forward their proposition to the justice minister.

Romanian Prosecutors Open Criminal Inquiry Against Nine People Accused Of Embezzlement

11:03, 22 Iun. 2010
Romanian organized crime prosecutors Tuesday started criminal investigations against nine people accused of having defrauded press distribution firm Rodipet of EUR35.5 million, after it was privatized.

Romanian State-Owned Postal Co Restructuring Doesn’t Entail Layoffs

10:51, 22 Iun. 2010
The restructuring strategy of Romania’s state owned postal company, which the Government approved last week, does not include any layoffs, the company said in a press release Tuesday.

Romanian TV Station Owner, TV Producer Detained For 24 Hours On Blackmail Charges

09:27, 22 Iun. 2010
Romanian anticorruption prosecutors Tuesday morning detained television station owner Dan Diaconescu and TV producer Doru Parv for 24 hours, after the two were charged with blackmail on Monday.

Romania’s Defense Council To Discuss National Defense Issues Tuesday

21:12, 21 Iun. 2010
Romania’s Supreme Defense Council CSAT will meet Tuesday at the presidential Cotroceni palace to discuss, among others, Romania’s national defense strategy, Romania’s military forces and means that can be provided for military missions abroad in 2011 and the situation in Afghanistan.

Romania Ranks 28th In Intl Retailers’ Preferences – Survey

21:07, 21 Iun. 2010
Romania dropped five positions this year and ranked 28th in a top of the 30 most attractive emerging countries for international retailers, according to a survey conducted by consultancy firm A.T. Kearney.

Romanian TV Station Owner Charged With Blackmail

20:38, 21 Iun. 2010
Romanian anticorruption prosecutors on Monday officially charged private television station owner Dan Diaconescu with blackmail in a corruption case opened in February 2010.

Chinese Constructor Hoyo Starts Tractor Production At Rasnov Plant, C Romania

16:22, 21 Iun. 2010
Chinese company Hoyo started the production of tractors at the plant in Rasnov, central Romania, and the first tractor output will be ready mid-July, Rasnov plant representative Denisa Vasilescu told MEDIAFAX Monday.

Romanian President Urges Senate To Pass Education Bill By Summer Recess

15:55, 21 Iun. 2010
Romanian President Traian Basescu on Monday sent a letter to Senate Chairman Mircea Geoana, urging the Senate to adopt the country’s new education law before the parliamentary recess.

Romanian Austerity Package Likely To Reopen IMF’s Cash Tap – Moody’s

15:47, 21 Iun. 2010
Romania’s fiscal and social austerity measures, while tough and unpopular, will ensure cash inflows of around EUR2 billion from the International Monetary Fund and the EU, further providing essential support for revitalizing the economy, Moody’s Investors Service said in a report Monday.

Romanian Govt, Central Bank To Discuss Economic Relaunch Measures Next Monday

15:17, 21 Iun. 2010
Romania’s Government will meet with central bank official next week on Monday to analyze a plan of measures aiming to restart the economy, Environment Minister Laszlo Borbely told a news conference Monday.

Romanian Environment Min To Resume Authorization Procedures For Gold Mining Investment

14:59, 21 Iun. 2010
Romania’s Environment and Forest Ministry will resume authorization procedures for investments in the Rosia Montana gold mining project in the western are of the country, Environment Minister Laszlo Borbely told a news conference Monday.

Fitch: Fiscal Consolidation Vital To Restore Confidence In Romanian Economy

14:06, 21 Iun. 2010
Romania needs an overhaul of the public sector to restore fiscal sustainability and regain investors’ confidence in the economy as a whole, an official at Fitch Ratings said Monday.

Romanian Opposition Liberals Set To Submit Motion Against Transp Minister

13:36, 21 Iun. 2010
Romania’s opposition Liberal Party spokesperson Mihai Voicu on Monday said liberal lawmakers in the Chamber of Deputies are likely to submit Monday afternoon, in the Chamber’s plenary meeting, a simple motion against Transport Minister Radu Berceanu.

Moody’s: Romania Should Up Public Sector Efficiency

13:04, 21 Iun. 2010
The Romanian Government’s move to cut salaries in the public sector will reduce expenditure, but the authorities should also consider improving public sector efficiency, Moody’s said Monday.

Meteorologists Issue Code Yellow Alert For Rain, Storms In W, S, Central Romania

11:40, 21 Iun. 2010
Romanian meteorologists issued Monday another code yellow alert for heavy rainfall, storms, lightning, hail and violent gusts of wind, valid in 19 central, southern, western and southwestern counties, from Monday evening until Tuesday morning, 9 a.m..

Retailer Carrefour To Launch Third Supermarket In Bucharest

10:54, 21 Iun. 2010
Retailer Carrefour will open Tuesday its third supermarket in Romania's capital Bucharest, serving some 2,500 households and 7,500 people, the company announced.

Romanian President Discusses Govt Reshuffle With Democrat Liberal Leaders

09:27, 21 Iun. 2010
Romanian President Traian Basescu met Sunday with the national and local leaders, lawmakers and MEPs of the country’s ruling democrat liberals to discuss a Cabinet reshuffle.

Romania Reveals Tourist Brand Next Week

16:47, 20 Iun. 2010
Romania’s ministry of Development and Tourism will launch the country’s tourist brand late next week, in capital Bucharest, minister Elena Udrea told Pro TV in an interview broadcast Sunday.

Romanian Minister Says Govt Not Planning To Raise VAT, Flat Tax

12:28, 20 Iun. 2010
Romania’s Development and Tourism Minister Elena Udrea told Pro TV in an interview broadcast Sunday the Government isn’t planning to raise the value added tax or the 16% flat tax.

Heavy Rains, Thunderstorms Expected Throughout Most Of Romania This Weekend

15:41, 19 Iun. 2010
Romanian weather authorities issued a code yellow advisory forecasting heavy rain and thunderstorms over the weekend throughout most of the country, except the northwest and eastern regions.

Romania’s Ruling Party Decides Sunday Whether To Replace Any Cabinet Ministers

15:08, 19 Iun. 2010
Romania’s ruling Democratic Liberal Party is to decide Sunday whether to have a Cabinet reshuffle or leave it as it is for another six months, party vice-president Valeriu Stoica said Saturday.

Romania’s AVAS Eyes RON261M From Privatization Deals In 2010

17:47, 18 Iun. 2010
Romanian privatization authority AVAS estimates total revenue of 395 million lei (EUR1=RON4.2488) in 2010, of which nearly RON261 million are expected from privatization deals, according to the authority’s revenue and expenditure budget.

Romania To Tax Meal, Gift, Nursery, Vacation Vouchers As Of July 1, 2010

16:07, 18 Iun. 2010
Meal, gift, nursery and vacation vouchers, as well as compensatory payments, will all be taxed as of July 1, when the Romanian Government is set to enforce the recent amendments to the country’s Tax Code, which target to expand the taxation pool.

Romanian Constitutional Court Explains Unconstitutionality Ruling Against Lustration Law

15:57, 18 Iun. 2010
Romania’s Constitutional Court issued Friday the motivation behind its decision regarding the unconstitutionality of the country’s recently adopted lustration law.

EXCLUSIVE: Romanian Court Issues First Decision In Nanny Mistreatment Case

14:02, 18 Iun. 2010
A Bucharest Court has ordered a nanny who mistreated the two year-old girl in her care to pay a criminal fine, moral damages and court fees, a first for the Romanian judicial system.

Romania To Enforce Solidarity Tax On Owners Of Multiple Homes

13:26, 18 Iun. 2010
Romania hopes to collect 31 million lei (EUR1=RON4.2448) this year from owners of multiple homes, as they will have to pay a “solidarity tax” by September 30, amounting to 50%-200% of the yearly tax on their other houses, according to a draft ordinance obtained by MEDIAFAX Friday.

Romania Leu’s Exch Rate Hits New 6-Mo Low At 4.2448 Vs Euro

13:18, 18 Iun. 2010
Romania’s leu retreated against the euro in mid trade Friday and the central bank’s reference lost nearly 0.2% on the day to a new six-month low at 4.2448 units.

Romanian Petromin Might Slash Shr Cap Or Be Dissolved

19:22, 17 Iun. 2010
The managers of Romanian maritime transport company CNM Petromin Constanta (CNMP.RO) proposed the shareholders to reduce the firm’s share capital, in order to cover the losses, or even to dissolve it.

Romania, U.S. Discuss Legal Framework Of Anti-Missile Shield Project

18:25, 17 Iun. 2010
Romanian Foreign Ministry state secretary Bogdan Aurescu said Thursday that the first round of official discussions with U.S. representatives regarding the anti-missile shield focused on the project’s legal and security policy frameworks.

ING: Romania Should Cut 200,000 Public Jobs By 2012 To Lower Budget Gap

18:13, 17 Iun. 2010
Romania won’t be able to lower its budget deficit below 3% of the gross domestic product by 2012 unless it slashes 200,000 jobs in the public sector, an official of ING Bank Romania said Thursday.

Romanian Govt Postpones Payment Of Revolutionaries’ Indemnities For 2012-2014

17:38, 17 Iun. 2010
Romania’s Government decided that social benefits for December 1989 revolutionaries will be postponed and paid in installments during the 2012-2014 interval, but the decision will not affect current payments.

Romania To Make First Budget Revision For 2010 In July

17:30, 17 Iun. 2010
Romania will revise the budget for the first time in 2010 in July, when the government is also expected to discuss the possibility of taking out a new international loan, Environment Minister Laszlo Borbely said Thursday.

EP Asks EC To Enforce Rail Liberalization In Several Member States, Including Romania

16:43, 17 Iun. 2010
The European Commission (EC) should launch infringement procedures against member states which have not yet opened up their rail networks to competition, says a resolution adopted Thursday by the European Parliament (EP), which names Romania as one of the offenders.