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Romanian State-Owned Railway Co CFR SA General Manager Resigns Over Fraud Charge

15:29, 27 Aug. 2010
Emil Sabo, general manager of Romanian state-owned railway company CFR SA, resigned Friday after being indicted, along with others, for defrauding EUR700,000 in 2005.

Romania’s Decree Extending Tax Pool Not Directed Against True Creators – PM

12:44, 27 Aug. 2010
Romanian Prime Minister Emil Boc said Friday he is willing to hold talks with freelancers, who said they will stage protests and will not pay the new taxes on income gained from copyright, in order to make them understand that the amendments to the Tax Code are not directed against “true creators.”

Romanian PM Says Ministers’ Activity Will Be Assessed Only Inside Govt

12:21, 27 Aug. 2010
Romanian Prime Minister Emil Boc on Friday said the activity of both Labor Minister Mihail Seitan and of all other ministers, in view of a potential Cabinet reshuffling, will be assessed only inside the Government and together with “decision makers”.

Nine In Ten Romanians Say Country’s Economic Situation Is Gloomy; 85% Distrust Govt – Poll

10:57, 27 Aug. 2010
Nine in ten Romanians say the country’s economic situation is gloomy and 85% of them, the highest percentage in the European Union, distrust the Government, according to a Eurobarometer survey.

Romania Transgaz Eyes Changes To Nabucco Agreement To Ease Decision-Making

09:37, 27 Aug. 2010
Romanian natural gas pipeline operator Transgaz (TGN.RO) recommended a series of amendments to the partnership agreement for the construction of the Nabucco pipeline to simplify executive procedures and adjust the documents to the current development stage of the project.

Bucharest Stock Exchange General Manager Resigns

19:16, 26 Aug. 2010
The general manager of the Bucharest Stock Exchange (BVB.RO), Anca Dumitru, resigned her position Thursday and will be replaced by Valentin Ionescu starting September 27, Dumitru told MEDIAFAX.

Romania Leu Falls Vs Euro On Growing FX Demand

18:19, 26 Aug. 2010
Romania’s leu widened early losses against the euro in late trade Thursday, pushed by heavy demand for euros, and closed 0.26% weaker on the day at 4.249/4.25 units.

Romania, France To Request Extra Funds For Roma Inclusion Projects From EC – Labor Min

09:58, 26 Aug. 2010
Romanian and French authorities have agreed to jointly request extra funds for Roma inclusion programs from the European Commission, with a French delegation expected in Bucharest on September 9-10, Romanian Labor Minister Mihai Seitan said Wednesday.

Romanian Health Minister Asks For 5,000 New Employees, PM Approves Only 1,000

09:23, 26 Aug. 2010
Romanian Health Minister Cseke Attila asked the Government to unfreeze 5,000 jobs in the public healthcare system, but Prime Minister Emil Boc said that only one in seven vacancies, or 1,000 overall, can be unfrozen at the moment and any changes will have to be negotiated with the IMF.

Romanian Govt To Cover Difference Between Farming Loan Interest And EC Reference Rate

09:04, 26 Aug. 2010
Romania’s Government will allot 103 million lei (EUR1=RON4.2368) until 2012 to cover the difference between the interest rate of loans taken out by farmers for production in 2010 and the reference rate announced monthly by the European Commission, Agriculture Minister Mihail Dumitru said Wednesday.

Romania’s Large Thermal Pwr Plants To Be Resized, Heat Subsidy Eliminated In 2011 – PM

20:26, 25 Aug. 2010
Romania’s major thermal power plants will be resized in 2011, adjusting to city demand, lower after the closing of the larger industrial consumers, while the heating subsidy will be granted only to households with low incomes, Prime Minister Emil Boc said Wednesday on national radio.

Enel Romania Appoints Radu Cosarca As External Relations Manager

20:07, 25 Aug. 2010
Romanian former journalist Radu Cosarca was appointed manager in charge with external relations at Enel Romania, the local subsidiary of Italian utilities group Enel, people close to the matter told MEDIAFAX Wednesday, information confirmed afterward by Enel Romania.

Romanian Public Sector Salaries May Be Adjusted In 2011 If Reforms Continue – PM

19:54, 25 Aug. 2010
Romanian Prime Minister Emil Boc said Wednesday on national radio that public sector salaries may be “adjusted” in 2011, as long as the process of reform and restructuring continues.

Over 73% Of Romanians Say Media Is Reliable Information Source On Corruption – Poll

14:58, 25 Aug. 2010
Over 73% of Romanians said mass-media is the first most credible source of information regarding corruption cases, according to a survey conducted by the National Agency of Public Servants, as part of a project regarding corruption.

Romania Scrapped Over 161,116 Cars Under 2010 Clunkers Program

14:39, 25 Aug. 2010
Over 160,000 cars older than ten years were scrapped by August 20, 2010 within Romania's clunkers program, and the number of new cars bought within the program exceeded 35,000 units, of which 50% were produced on the local market, Romanian Environment Ministry said Wednesday.

Romania Wants No Shares In Rompetrol Rafinare – Rompetrol CFO

13:27, 25 Aug. 2010
Romania’s Government does not want to partner up with KazMunayGas in Rompetrol Rafinare (RRC.RO), the refining unit of the Rompetrol Group, so that the Kazakh company is considering its possibilities in running Petromidia refinery alongside the state, a Rompetrol official said Wednesday.

Romanian Leu Opens Down Vs Euro, Recovers Shortly After

11:41, 25 Aug. 2010
The Romanian leu opened slightly lower versus the euro on Wednesday, but appreciated shortly afterwards, and dealers suspected an intervention of the central bank.

Romania’s Social Code To Cap Benefits Granted To Individuals, Families – Labor Minister

11:24, 25 Aug. 2010
Romanian Labor Minister Mihai Seitan told MEDIAFAX Tuesday that social benefits to be granted to individuals and families will not exceed a maximum cap to be set by the Social Code, a normative act that must be finished by the end of October.

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).