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Number Of Tourists Staying In Romania Dn 4.3% YY

10:29, 04 Aug. 2010
The number of tourists staying in Romania was 4.3% lower in June compared to the same month a year earlier, at 583,600, the National Statistical Institute said Wednesday.

Romania’s June Net Salary Down 0.4% On Month To RON1.422

10:25, 04 Aug. 2010
Romania's net average salary fell 0.4% on the month in June to 1,422 lei (EUR1=RON4.2371), but was still up 3.1% compared with the same month a year earlier, the National Statistics Institute said Wednesday.

Meteorologists Issue Code Yellow Rain, Gusty Wind Alert For 26 Romanian Counties

09:52, 04 Aug. 2010
Romanian meteorologists issued a code yellow alert for rain and gusty wind valid until Wednesday, 11 p.m., for 26 counties in the north, center, west and south-west of the country.

Romania OMV Petrom 2Q Net Profit Rises To RON718M

09:22, 04 Aug. 2010
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its second-quarter net profit after minorities rose to 718 million lei (EUR1=RON4.2371), significantly above the RON10 million earnings reported in the year-earlier period.

Romanian Oltchim To Be Sold After Turning To Profit – Econ Min

15:46, 03 Aug. 2010
Romanian chemical plant Oltchim (OLT.RO) will be privatized after it swings to profit, Economy Minister Adriean Videanu said Tuesday.

Romania’s 1H Used Car Sales Via Dealers Up 20% On Yr – BDT

13:52, 03 Aug. 2010
Used car sales via dealers rose nearly 20% in the first half of 2010, and if this trend maintains, Romania's overall used car market will reach at the end of 2010 the level hit in 2008, officials with BDT, one of Romania’s major players on the local auto retail market, said Tuesday.

Romania Ctrl Bank To Leave Key Rate Unchanged At 6.25% – Analysts

13:50, 03 Aug. 2010
Romania’s central bank is likely to keep its key rate unchanged at a record low of 6.25% a year at the next monetary policy meeting due August 4, while lowering the minimum requirements on forex liabilities to 20% from 25% currently, analysts said Tuesday.

Apartment Prices In Romania’s Largest 6 Cities Fall 1% In July – Survey

13:46, 03 Aug. 2010
The average sale prices of apartments in Romania’s largest six cities dropped by 1% in average in July compared with the previous month, with the largest fall in the central city of Brasov, namely 3.2%, according to property website imobiliare.ro.

Romania’s Govt Asks IMF To Extend Pension Bill Adoption Deadline

12:19, 03 Aug. 2010
Romania’s Government asked the International Monetary Fund to extend until September 30 the deadline by which the unitary pension bill should be adopted in Parliament, after the IMF called on authorities to make sure the draft law is adopted by September 15, people close to the matter said Tuesday.

Romania June PPI +0.4% On Month, +6.2% On Year

10:43, 03 Aug. 2010
Romania’s industrial producer price index rose for the sixth consecutive month in June, fueled largely by increases in the mining and manufacturing sectors, the National Statistics Institute said Tuesday.

Romania Neither Considers, Nor Excludes New IMF Deal – Fin Min

10:00, 03 Aug. 2010
Romania’s Government is neither taking into account nor excluding sealing a new agreement with the International Monetary Fund, Finance Minister Sebastian Vladescu said Monday.

Two Israeli Choppers Make Emergency Landing In S Romania

09:51, 03 Aug. 2010
Two Israeli helicopters were forced to resort to emergency landing Tuesday morning on a field in Vulpesti, southern Romania, for a technical review, Romania’s Defense Ministry said.

Romanians Charged With Assaulting Bulgarian Security Guards Released From Arrest

09:42, 03 Aug. 2010
The Romanian CEO of Rompetrol Bulgaria, Sorin Octavian Nichita, and Ionut Panzaru, arrested Saturday for assaulting the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, were released Monday following a court ruling.

Romania’s 2011 Salary Fund, Public Sector Layoffs Allow Wage Rise – Fin Min

21:19, 02 Aug. 2010
Romania could raise salaries by an average of over 10% if 60,000 positions in the public sector are eliminated and considering a 2011 salary fund of 39 billion lei (EUR1=RON4.2463), Finance Minister Sebastian Vladescu said Monday.

Romania’s 2011 Draft Budget Eyes 2% Econ Growth, 4.4% Deficit

19:52, 02 Aug. 2010
Romania’s next year draft budget, discussed with the International Monetary Fund, stipulates a 1.5-2% economic growth and a budget deficit of 4.4% of the gross domestic product, Finance Minister Sebastian Vladescu said Monday.

Romanian Govt Approves Fiscal Code Application Norms

19:24, 02 Aug. 2010
Romania’s Government approved Monday the application norms for recent amendments to the Fiscal Code, which extend the tax pool and introduce social security contributions for income gained from copyright.

Romanian Ex-PM Radu Vasile Hospitalized

18:49, 02 Aug. 2010
Romanian former Prime Minister Radu Vasile was admitted on July 30 to Bucharest’s University Emergency Hospital with gastrointestinal problems which appeared after undergoing cytostatic treatment for his colon cancer, according to people close to his family.

Romanian Dacia Car Registrations In Spain Up 23.3% In July, To 1,016 Units

17:59, 02 Aug. 2010
Registrations of Romanian Dacia cars in Spain increased by 23.3% in July, to 1,016 units, from 824 units in the same interval in 2009, while the overall car market registered a 26.7% decline, according to data released by the Spanish association of car importers.

Romanian Homeowners Paying Full Utilities Bill Exempt From Penalties

17:21, 02 Aug. 2010
Romanian Conservative Party (PC) vice-president Bogdan Ciuca announced Monday that a PC-sponsored law, which forgives the late-payment penalties of homeowners who pay their entire utilities debts within 12 months, has entered force.

Romanian Opp Liberals To Meet IMF Officials For Talks On Anti-Crisis Measures

16:23, 02 Aug. 2010
Romanian opposition liberals will meet Tuesday with International Monetary Fund representatives for talks on the country’s economic situation, liberal vice-president Varujan Vosganian said Monday.

Romanian Police Union Threatens Protests Over Planned Layoffs

15:28, 02 Aug. 2010
Romanian police unionists will stage protests if the bodies subordinated to the Interior Ministry are restructured, union leader Marin Gruia told MEDIAFAX Monday.

Romanian July Forex Reserves Fall Slightly To EUR31.6B

14:12, 02 Aug. 2010
Romanian foreign exchange reserves nudged down EUR47 million on the month to EUR31.58 billion in July, central bank data showed Monday.

Hot Weather Advisory For Bucharest, 21 Counties In Romania

11:27, 02 Aug. 2010
Romanian meteorologists on Monday issued code yellow hot weather advisory for capital Bucharest and 21 counties in the east, south and south-east of the country, where temperatures will frequently reach 35 degrees Celsius, until Wednesday.

Romania’s GDP Decline Seen Wider In 2010 Due To VAT Hike, Floods – PM

20:38, 01 Aug. 2010
Romania’s economic decline is seen widening in 2010, due to the Constitutional Court’s ruling, which fended off a 15% cut in pensions and prompted the increase in the sales tax, to heavy floods in recent months and the international economic context, Prime Minister Emil Boc said Sunday.

Romanian Govt Sees Jobless Rate On The Rise Until Yearend – PM

18:46, 01 Aug. 2010
The Romanian Government estimates an increase in the country’s unemployment rate until the end of the year, due to the restructuring process in the public sector, Prime Minister Emil Boc said Sunday.

Romanian Govt To Stop Funding Local Authorities Unless They Cut Staff Numbers – PM

18:04, 01 Aug. 2010
The Romanian Government will halt the transfer of state funds to the local budgets unless local administrations cut back on the number of employees within the bodies and departments in their subordination until mid-August, Prime Minister Emil Boc said Sunday.

Romanian PM Says EU-Funded Projects Stalled Because Of Poorly Drafted Papers

17:10, 01 Aug. 2010
Romanian Prime Minister Emil Boc on Sunday asked county prefects countrywide to check all contracts financed from European Union funds and stressed that projects using EU funds are stalled for almost one year due to poorly drafted papers.

Romania Paid EUR10M Damages In 1H 2010 Following ECHR Rulings

15:58, 01 Aug. 2010
The Romanian Government has paid over 43.39 million lei (EUR10.2 million) in damages in the first half of 2010, which were imposed through rulings of the European Court of Human Rights (ECHR), according to an official document.

Rompetrol Bulgaria Head Arrested in Brawl with Security Guards Of Bulgarian Parliament Speaker

17:59, 31 Iul. 2010
One of the two Romanian nationals arrested Saturday for assaulting the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, is the CEO of Rompetrol Bulgaria, according to information from the Bulgarian National Radio, quoted by Novinite.com.

Two Romanians Arrested In Brawl With Security Guards Of Bulgarian Parliament Speaker

14:11, 31 Iul. 2010
Two Romanian nationals were arrested in Veliko Tarnovo, Bulgaria, after getting in conflict with the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, Novinite.com. informed.

Romanian Govt Postpones Implementation Of Electronic Road Toll System Until Oct 1

18:34, 30 Iul. 2010
Romania’s Government has postponed the implementation of the country’s electronic road toll system until October 1, because of numerous challenges against the auction selecting the company that will develop the system.

Romanian Fin Min: New Forecasts Show 1.7%-1.9% GDP Contraction In 2010

18:16, 30 Iul. 2010
Romanian Finance Minister Sebastian Vladescu on Friday said new estimations indicate an economic contraction of 1.7%-1.9% in 2010, compared with a previous forecast pointing to a stagnation or a minor decrease.

Romanian Automobile Dacia To Launch Own Car Insurance Services

14:28, 30 Iul. 2010
Romanian carmaker Automobile Dacia will launch its own auto insurance product this fall, through a partnership between the Renault Group’s financial services company, Renault Credit International Banque, and Dacia dealers, people close to the matter told MEDIAFAX.

Over 1,600 Romanian Citizens Repatriated To Romania In 2010

13:44, 30 Iul. 2010
France, Italy and Belgium sent back to Romania the largest number of Romanian citizens, who committed offences on their territories, in the first half of 2010, and repatriation was carried out based on readmission agreements.

Romania Fin Min Says Talks With IMF Don’t Tackle Further Tax Hikes

11:10, 30 Iul. 2010
Talks between Romanian authorities and the International Monetary Fund’s mission don’t include further tax increases for the country, either this year or in 2011, Finance Ministry Sebastian Vladescu said Friday.

Romanian Govt To Punish Homeowners Who Refuse To Repair Their Degraded Buildings

17:11, 29 Iul. 2010
Owners of deteriorated homes in Romania will be obliged to finance exterior work, such as repairs, plastering or painting, and will be temporarily exempt from paying property taxes if they finance the work themselves, but will otherwise face a fine or even prison.

Romania’s Wage Law Must Be Amended To Show Results In 2011 – IMF Official

17:09, 29 Iul. 2010
The International Monetary Fund’s mission chief to Bucharest, Jeffrey Franks, said Thursday after talks with Romanian Labor Minister Mihai Seitan that the country’s unitary wage law must be amended so that its principles take effect in 2011.

Romanian Farmers Set To Stage Ample Protest Rally In Bucharest On Sept 9

15:03, 29 Iul. 2010
Romanian farmers and unionists in the agriculture sector will stage an ample protest rally in capital city Bucharest on September 9, disgruntled that authorities don’t support the country's agriculture sector.

Romania Launches Tourist Brand At Shanghai Expo

13:31, 29 Iul. 2010
Romania’s tourist brand, under the slogan "Explore the Carpathian garden", was launched Thursday at the 2010 World Expo in Shanghai.

Romanian Foreign Min Wants To Entice Chinese Tourists Into Visiting Romania

12:53, 29 Iul. 2010
Romania’s Foreign Affairs Minister Teodor Baconschi told a news conference in Shanghai, on Thursday, that he will hold talks with Chinese officials on easing visa procedures so that Chinese citizens start visiting Romania.