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Romania GDP Seen Growing 1.5% In 2011

21:25, 15 Sept. 2010
Romanian government estimates the economy will grow a modest 1.5% in 2011, following two years of recession, according to the country’s three-year fiscal strategy approved Wednesday.

Romanian Deputies Decide Freelancers Must Pay Pension Insurance Contributions

20:27, 15 Sept. 2010
The Romanian Chamber of Deputies Wednesday adopted an amendment to the pension bill whereby people who gain income from freelance activities, other than salary income, must pay contributions to the public pension system.

Romanian Deputies Include Military Staff, Police Officers In Unitary Pension System

19:32, 15 Sept. 2010
The Romanian Chamber of Deputies Wednesday decided to include military staff, police officers and public servants with special status, who work in penitentiary administration, national defense, public order and national safety, in the unitary pension system.

EXCLUSIVE: Romanian Govt Strategy For 2011-2013: Wage Raises Tied To Layoffs

18:46, 15 Sept. 2010
Pay raises in the Romanian public sector will be conditioned on staff cuts and social-economic indicators, while ministers and other officials will be forbidden from granting deductions or new bonuses without special exemption provided by law.

Number Of Romanian Heating Subsidy Beneficiaries Might Be Cut By Over 400,000 – Draft

18:06, 15 Sept. 2010
Romanian heating subsidies will be granted according to the income categories provided by Law 416/2001 regarding minimum income for social benefits, says a draft act drawn up by the Labor Ministry, which will cut the number of heating subsidy beneficiaries by over 400,000.

Bucharest Ranks 69th Out Of 73 Cities Worldwide By Price Level –Survey

17:13, 15 Sept. 2010
Romania’s capital city Bucharest ranks 69th among 73 cities worldwide according to the price levels, says a survey conducted by financial services firm UBS.

Romanian Real Retirement Age Lower Than That Set By Law – PM

16:49, 15 Sept. 2010
Romanian Prime Minister Emil Boc said Wednesday, during a plenary meeting of the Chamber of Deputies, that, in reality, the retirement age for both men and women is lower than the standard one set by law.

Romanian Court Extends Arrest For Nurse Charged With Manslaughter In Maternity Fire Case

15:57, 15 Sept. 2010
A Bucharest court on Wednesday extended by another month the preventive arrest warrant for the nurse on duty on August 16 at the Giulesti maternity when a fire broke out, leaving three babies dead and eight others severely injured.

Renault Group Will Not Sell Romanian Brand Dacia On U.S. Market

15:13, 15 Sept. 2010
Renault group manager for operations Patrick Pelata said Wednesday that the Dacia brand would not be sold on the U.S. market, as the group will focus on the brand’s quick expansion on markets such as Brazil, Colombia, Iran, Iraq, Turkey and South Africa.

Romanian Senate Introduces Special Income Tax Deductions For People With Low Income

15:03, 15 Sept. 2010
Romanian senators Wednesday adopted a draft law amending the Fiscal Code, whereby people whose monthly gross income does not exceed 1,000 lei (EUR1=RON4.2394) will enjoy overall income tax deductions, depending on the number of people in their care.

Renault Opens Local Car Testing Unit In S Romania

14:25, 15 Sept. 2010
Renault Technologie Roumanie (RTR) opened Wednesday a local car testing unit in Titu, southern Romania, which stretches onto 350 hectares of land and in which French carmaker Renault, owner of local carmaker Dacia, invested EUR166 million so far.

Romanian Leu Tempers Gains Vs Euro, Exch Rate At 4.2394

14:13, 15 Sept. 2010
Romania’s leu lost part of its early gains versus the euro in mid trade, while the central bank’s reference strengthened 0.2% at 4.2394 units, from 4.2478 units a day earlier.

Romanian Cartel Alfa Unionists Announce Protest Calendar

13:14, 15 Sept. 2010
Members of the Romanian “Cartel Alfa” trade union confederation will hold pickets throughout the country on Monday, followed by protests between September 22 and 27 in Bucharest’s Victoriei Square.

Romania’s August Annual Inflation, Highest In EU

13:00, 15 Sept. 2010
Romania posted the highest inflation in the European Union in August, while the EU average rate eased to 2%, from 2.1% in July, official data showed Wednesday.

Several Hundred Independent Cab Drivers Protested In Bucharest Wednesday

12:46, 15 Sept. 2010
A few hundred independent cab drivers protested Wednesday morning in Bucharest’s Constitutiei Square, calling for the annulment of provisions obliging authorized private individuals to pay health insurance contributions for the past five years and demanding the increase in cab fares.

Two Babies Injured Bucharest Maternity Fire In August To Be Released From Hospital

12:38, 15 Sept. 2010
Two of the babies injured mid-August in a maternity fire in Romania’s capital Bucharest will be released from hospital Wednesday, after 30 days of intensive care treatment, doctors said.

About 1,000 Public Servants, Local Mayors Protest In E Romania Over Budget Cuts

12:22, 15 Sept. 2010
About one thousand public servants and local mayors in the eastern Romanian county of Vrancea protested Wednesday at the prefect’s office in county seat Focsani, demanding the annulment of a government decree that took over 34 million lei (EUR1=RON4.2478) off the county’s budget.

Romanian Police To Reduce Activity In Protest To Wage Cuts

11:56, 15 Sept. 2010
Romanian police officers will reduce their activity as of Monday, September 20, in protest to the 25% wage cut imposed by the Government in July, union leader Marian Gruia said Wednesday.

Dense Fog On W Romania International Airport Grounds 12 Flights

10:26, 15 Sept. 2010
Twelve flights due to take off or land on the international airport in Timisoara, western Romania, Wednesday morning, were delayed by 15 minutes up to nearly three hours, due to heavy fog in the runway area.

Hospital Staff Protest Wage Cuts In E Romania, Clash With Security

10:15, 15 Sept. 2010
Employees of the county hospital in Braila, eastern Romania, have clashed with security forces for the second day running Wednesday, as they tried to break into the hospital in their protest over wage cuts and planned layoffs.

Four Dead From West Nile Virus In Romania

09:56, 15 Sept. 2010
Four people have died in Romania from infections with the mosquito-borne West Nile virus, the Health Ministry said Wednesday, adding four new infections have been confirmed, bringing the total number to 38.

Romanian Lower Chamber Committee For Labor Sets Pension Point To 45% Of Gross Average Wage

20:43, 14 Sept. 2010
The Romanian Chamber of Deputies’ Committee for labor matters on Tuesday adopted the report on the pension bill, setting the pension point’s value to 45% of the gross average wage, an amendment put forward by the opposition.

Romanian Senate Adopts Bill On Public Financing For Accredited Private Schools

20:25, 14 Sept. 2010
Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets.

France Says Most EU Members Oppose Romania, Bulgaria Joining Schengen Area

16:44, 14 Sept. 2010
The French government claims that most European Union states oppose Romania and Bulgaria’s accession to the Schengen Area before the monitoring mechanism is lifted, after the foreign ministers of member states on Monday recommended its extension, says website EurActiv.com.

Romania’s Lower House To Debate Liberals’ Motion On Labor Wednesday

15:40, 14 Sept. 2010
Romania’s Chamber of Deputies will debate Wednesday the simple motion against the Labor Ministry submitted by the opposition Liberal Party, Chamber secretary Dumitru Pardau said Tuesday.

Romania Public Sector Shed 6,200 Staff In June

15:31, 14 Sept. 2010
The number of Romanian public employees has decreased constantly since early 2009, with the biggest reduction being reported in June this year, data from the statistics institute INS showed Tuesday.

Romanian President Traian Basescu To Address Parliament On Sept 21

15:07, 14 Sept. 2010
Romanian President Traian Basescu is expected to address the Parliament on September 21, at 3 p.m., the Standing Offices of the Senate and the Chamber of Deputies decided Tuesday, following the president’s request.

Romanian Authorities Suspended 3,869 Fraudulent Invalidity Pension Files

15:07, 14 Sept. 2010
More than 470,000 files for invalidity pensions have been investigated by Romanian authorities since the start of 2010 and 3,869 people have been taken off pension after being re-evaluated, with the National Pension and Social Insurance House (CNPAS) stating it would save EUR5 million every year.

Romania 2Q Labor Costs Rise At 2nd Fastest Pace In EU

14:36, 14 Sept. 2010
Total hourly labor costs in the Romanian economy rose 5% on the year in April to June, the second-biggest increase in the European Union, official data showed Tuesday.

One Third Of Romanian Companies Have Cash Flow Problems – Survey

14:27, 14 Sept. 2010
More than one third of Romanian companies have had cash flow problems due to customer default or payment delays, a survey from EOS Group showed Tuesday.

Romanian Railway Co CFR Calatori, Subway Co Metrorex To Hike Tariffs Starting Sept 15

14:26, 14 Sept. 2010
Romanian state-owned passenger railway company CFR Calatori and state-run subway company Metrorex will raise tariffs by 8% starting September 15, the Transport Ministry said at the beginning of the month.

Romania Signs Four-State Declaration Backing AGRI Gas Pipeline

14:08, 14 Sept. 2010
The presidents of Romania, Azerbaijan and Georgia, along with the Hungarian Prime Minister, signed Tuesday a joint statement supporting the AGRI gas pipe project.

Romanian Fraud-Convict Ioana Maria Vlas Stays In Custody, As Parole Release Request Postponed

13:55, 14 Sept. 2010
Romanian Ioana Maria Vlas, sentenced to ten years in prison for fraud, will remain under arrest after the Targsor Penitentiary parole release commission decided Tuesday to postpone by two months discussions on her latest release on parole request.

Romanian Tax Authorities Impound Church Assets Over RON4.2M Debt

13:18, 14 Sept. 2010
Local fiscal authorities in Constanta, southeastern Romania, have impounded assets of the Tomis Archbishopric, including the Archbishopric Palace, plots of land and cars, over a tax debt exceeding 4.2 million (EUR1=RON4.2478), tax authorities said Tuesday.

Romanian Public Servants To Go On General Strike Indefinitely As Of Sept 27

12:31, 14 Sept. 2010
Romanian public servants will go on general strike indefinitely starting Monday, September 27, said Sebastian Oprescu, head of the National Union of Public Servants (SNFP), adding public servants are starving and are heavily indebted.

Romanian President: Supporting Separatist Regimes Endanger Regional Stability

12:25, 14 Sept. 2010
Romanian President Traian Basescu said Tuesday, referring to the situation in Azerbaijan, Georgia and the Republic of Moldova, that any attempt to support separatist regimes contributes to the deterioration of regional stability.

Romania’s Ctrl Bk Will Prevent Attacks Against Leu’s Exch Rate – Deputy Gov

10:40, 14 Sept. 2010
The money market is free, but Romania's central bank will prevent any possible attack on the leu, given that the evolution of the local currency is closely related to the country’s economic situation, central bank deputy governor Bogdan Olteanu said Tuesday.

Romanian Football Referees Remain Under Preventive Arrest, Court Ruling Definitive

09:28, 14 Sept. 2010
Romanian football referee Marius Martis and former referee Ionica Serea, who were indicted on corruption charges in May this year, will remain under preventive arrest after the Pitesti Court of Appeals rejected their petitions against the arrest decision ruled by the Arges Court.

Romania Fiscal Auth Says Rompetrol Must Fully Repay State Debt

19:25, 13 Sept. 2010
Romania’s second largest oil refinery Rompetrol Rafinare (RRC.RO) must fully repay its historic debt to the state after the company expressed its intent to buy back bond debt before the September 30 deadline, the fiscal authority ANAF said in a statement Monday.

Over 60% Of Romanians Would Send Their Children To Study Abroad – Poll

19:09, 13 Sept. 2010
Over 60% of Romanians would send their children to study abroad, according to a research conducted by the Romanian Institute for Evaluation and Strategies.