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Stress Tests: Romanian Banking Provisions Up By 38% In 2010

20:47, 24 Aug. 2010
Romanian banking provisions are estimated to increase 38% on the year in 2010, due largely to lower exposure to companies, central bank data showed Wednesday.

Romania Ctrl Bk: Higher Margins, Asset Sales Bolster Short-Term Banking Revenue

20:21, 24 Aug. 2010
Romanian banks’ short-term financial strategy for the first half of 2010 included frequent increases of interest margins, immobilized asset sales and investments in state paper, central bank data showed Tuesday.

Romanian Medical Assistant Charged With Negligent Homicide, Arrested For 29 Days

20:14, 24 Aug. 2010
A Bucharest lower court on Tuesday ruled to have Florentina Cirstea, the medical assistant detained in connection with the incident at the Giulesti maternity hospital, placed in preventive custody for 29 days.

Romanian Senate Adopts Law On Public-Private Partnership, Law On Attorney Profession

19:26, 24 Aug. 2010
Romania’s Senate adopted Tuesday the Law on public-private partnership and the amended Law concerning the attorney profession.

Romanian Senate Adopts Govt Ordinance Amending Law On Local Public Finances

19:11, 24 Aug. 2010
Romania’s Senate adopted Tuesday the draft law approving the Government Emergency Ordinance amending the Law on local public finances, with 66 votes for and 50 against.

Romanian Senate Adopts Govt Ordinance On Hospital Decentralization

19:10, 24 Aug. 2010
Romania’s Senate approved Tuesday Government Emergency Ordinance 48/2010, on the decentralization of hospitals, together with certain amendments proposed by the committee for health matters and supported by Health Minister Cseke Attila.

Romania’s Senate Approves Law Speeding Up Trials

18:46, 24 Aug. 2010
Romania’s Senate Tuesday adopted the bill on speeding up trials with 76 to 37 votes and one abstention.

Romanian Senate Adopts National Integrity Agency Bill As Approved By Lower Chamber

18:18, 24 Aug. 2010
Romania’s Senate adopted Tuesday the National Integrity Agency (ANI) bill in the form put forward by the Chamber of Deputies, with 78 votes in favor and one abstention, after rejecting the amendment exempting union leaders from the obligation to submit wealth statements.

Romania, Hungary To Cooperate In Agriculture Sector

16:12, 24 Aug. 2010
Romania and Hungary want to intensify sanitary and veterinary checkups on animal and foodstuffs bilateral trade, with a view to reducing smuggling, Agriculture Minister Mihail Dumitru said Tuesday, after a meeting with his Hungarian counterpart Sandor Fazekas.

Romania’s Car Production Might Hit 520,000 Units By 2014 – Pwc Survey

15:01, 24 Aug. 2010
Romania’s car production could hit 520,000 units by 2014, up almost 75% compared to the level registered last year, according to the latest PricewaterhouseCoopers (PwC) Automotive Institute research.

Romanian eMAG To Launch Two New Showrooms By Yearend

14:44, 24 Aug. 2010
Romanian IT&C retail website eMAG wants to launch two new showrooms by the end of the year, company marketing manager Radu Apostolescu told MEDIAFAX Tuesday.

Romania June Indus Orders Rise At 3rd Fastest Pace In EU

13:27, 24 Aug. 2010
Romanian industrial new orders rose 5.5% on the month in June, the third highest increase in the European Union, official data showed Tuesday.

Romania July Private Lending Falls 4.4% On Month

13:05, 24 Aug. 2010
Romanian private lending fell 4.4% in real terms to 206.7 billion lei (EUR1=RON4.2244) in July from the month earlier, central bank data showed Tuesday.

Romania Can Unfreeze Only One In Seven Vacancies In Healthcare System – PM

11:37, 24 Aug. 2010
Romanian Prime Minister Emil Boc said Tuesday that only one in seven vacant positions in the healthcare system can be unfrozen at the moment, adding he called on authorities in the field to reassess all vacancies in the sector.

Romanian Leu Opens Down Vs Euro, Tracking Regional Mkts

11:17, 24 Aug. 2010
The Romanian leu opened slightly lower versus the euro on Tuesday, following its peers in the region, and touched an early low at 4.239 units.

Romanian Nurse Charged With Murder In Maternity Hospital Fire

08:02, 24 Aug. 2010
Romanian prosecutors on Monday said nurse Florentina Carstea at the Giulesti Maternity Hospital in Bucharest has been charged with murder in the deaths of five newborns killed in a fire in the hospital’s intensive care unit.

Romanian Govt Proposes Draft Wage Law To Increase Salaries By 1% To 20% In 2011

21:34, 23 Aug. 2010
Romanian Government representatives Monday put forward a draft law regarding wages in the public sector, which states salaries in the public sector will be increased by 1% to 20% in 2011.

Romanian Senate’s Budget, Finance Committee Rejects VAT Hike To 24%

21:22, 23 Aug. 2010
Romanian Senate’s budget and finance committee Monday debated on Government emergency ordinance 58/2010 amending the Fiscal Code and rejected with six to four votes the increase by 5 percentage points of the value added tax, from 19% to 24%.

Romanian Investors Say Bureaucracy Stalls EU Funds Accession

18:56, 23 Aug. 2010
Romanian large private companies hesitate in drawing European funds for investments as the projects’ implementation lasts very long and the market’s needs change rapidly, several investors said Monday during a debate.

Romanian Parliament’s Foreign Policy Committees Endorse National Defense Strategy

18:31, 23 Aug. 2010
The foreign policy committees in the Romanian Parliament endorsed Monday the country’s national defense strategy and preserved those paragraphs that picture “orchestrated media campaigns that denigrate state institutions” as vulnerabilities.

Romania Public Debt Falls Slightly In June To RON177B

16:16, 23 Aug. 2010
Romania’s public debt slightly fell to 176.9 billion lei (EUR1=RON4.2244) in June, from a peak of RON178.3 billion a month earlier, according to Finance Ministry data.

Romanian Transport Ministry Plans To Sack About 8,300 Railway Sector Employees

15:27, 23 Aug. 2010
Romania’s Transport Ministry plans to sack between 7,100 and 8,300 employees of state-owned railway companies, and layoffs mainly target employees with freight railway company CFR Marfa (between 3,400 and 4,600 people).

Romanian Social Democrat Senators Won’t Vote On ANI Bill – Party Head

15:02, 23 Aug. 2010
Romanian social democrat senators will attend debates on the National Integrity Agency (ANI) bill, due to take place in the Senate on Tuesday, but will not vote on the bill, social democrat head Victor Ponta said Monday, after a meeting of the party’s National Standing Office.

Over 170,000 Tourists Spent Weekend On Romanian Black Sea Coast

11:40, 23 Aug. 2010
Over 170,000 tourists spent their weekend in resorts on the Romanian Black Sea shore.

Romanian Transp Min To Present Railway Cost-Cutting Program Monday

11:03, 23 Aug. 2010
Romanian Transport Minister Radu Berceanu said the plan he will present Monday to the railway system unionists includes layoffs and the number of those affected depends on whether other cost-cutting measures are found.

Fmr Romanian Communist Official Dies At Age 98

20:13, 22 Aug. 2010
Gheorghe Apostol, a former Romanian communist official died Saturday afternoon at the age of 98, private television Realitatea TV said Sunday.

Over 260 Kg Of Drugs Seized By Romanian Police In First Seven Mos ‘10

17:46, 22 Aug. 2010
The Romanian Police seized over 260 kilograms of drugs and 32,800 drug tablets worth over EUR6 million in the first seven months of 2010, the Romanian Police said Sunday.

Several Romanian Journalists, Politicians Initiate Media Protection Campaign

17:05, 21 Aug. 2010
Several Romanian politicians, journalists and artists set up a media right protection group, following President Traian Basescu’s decision to list the media among potential threats to the country’s national security, social democrat deputy Carmen Moldovan said in a press release Saturday.

Romanian Govt To Present New Measures To Boost Economy – PM

15:38, 21 Aug. 2010
Romanian Prime Minister Emil Boc said Saturday at the inauguration of the Lugoj eastern bypass road, southwestern Romania, that, in September, the Government will put forward a series of measures to uphold the country’s economy.

Romanian Govt To Set Up Land Expropriation Fund For Road Construction – PM

14:58, 21 Aug. 2010
Romanian Prime Minister Emil Boc said Saturday that he called on the Government to set up a special land expropriation fund for the construction of roads, as the state can no longer afford to pay for land expropriations, which are very costly.

Romanian Banks Gloomy About Lending Revival In 2010 – Survey

21:42, 20 Aug. 2010
Romanian banks are pessimistic about lending revival in 2010, following tightening credit terms on the local market in the second quarter of the year, a central bank survey showed Friday.

Romania Ranks 8th In EU By European Agriculture Funds Attracted In 2009

19:26, 20 Aug. 2010
Romania is ranked eighth in the European Union by EU agriculture funds attracted in 2009, which amounted to EUR2.1 billion, according to data released by the European Commission’s department on Common Agriculture Policy (CAP).

Romania Govt Unlikely To Change Consumer Loan Act – Sources

18:01, 20 Aug. 2010
Romanian government is not likely to amend the existing law on consumer loans, despite its commitment to the International Monetary Fund to reexamine it and make sure its provisions do not apply retroactively, people familiar with the matter said Friday.

Romanian Public Sector Unitary Wage Law To Be Revised – Unions

16:50, 20 Aug. 2010
Romania’s public sector wage law will be revised in its entirety and will no longer be based on 2009’s salaries, but on those of 2010, reduced through the austerity measures, and a new law will be issued every year to set the new wage level, said unionists after talks with Prime Minister Emil Boc.

Romania Gets Eight Bids To Sell CO2 Emission Allowances – Econ Min

16:37, 20 Aug. 2010
Romania received eight offers to sell carbon dioxide (CO2) emission certificates, Economy Minister Adriean Videanu said Friday, adding that negotiations will start next week.

Romania 7-Mo Car Production Hit 219,656 Units

16:07, 20 Aug. 2010
Romania’s Automobile Dacia, owned by French Renault, produced 215,463 cars in the first seven months of the year and Ford Romania produced 4,178 units in the same interval, according to data released by Romania’s Association of Carmakers and Importers APIA.

Romanian State-Owned Cos’ Salary Funds Unaffected By Wage Cutting Austerity Plan

15:05, 20 Aug. 2010
The budgets of Romanian state-owned companies were revised after authorities decided to cut their costs with goods and services, but their salary funds were not affected.

Romanian Purchases Via EU-Funded Projects To Be Checked Regardless Of Value – Draft

15:05, 20 Aug. 2010
Purchases made through projects financed from European Union non-reimbursable funds will be checked by the Department Coordinating and Verifying Public Purchases, regardless of their estimated value and the way they were assigned, says a draft emergency decree drawn up by the Finance Ministry.

Romania To Decide On Stake Owned In Nuke JV Next Week

13:54, 20 Aug. 2010
Romanian Economy Minister Adriean Videanu on Friday said the government will decide next week on the stake it keeps in the joint-venture that will build reactors 3 and 4 of the Cernavoda nuclear power plant.

Romania July Passenger Car Sales -40% On Month To 8,336 Units

13:04, 20 Aug. 2010
Romanian new passenger car sales fell 40% on the month to 8,336 units in July and were down 31.7% compared with the year-earlier period, the Automotive Manufacturers and Importers Association, or APIA, said Friday.