English

Romania Leu In Ranges, Exch Rate Hits New Low At 4.1949 Vs Euro

13:30, 18 Mai 2010
Romania’s leu traded in tight ranges against the euro in mid session Tuesday and the central bank’s reference lost nearly 0.2% on the day to 4.1949, a new low since January 5.

Romania’s April Annual Inflation, 3rd Highest In EU

12:37, 18 Mai 2010
Romania posted the third highest annual inflation rate in the European Union in April, after Hungary and Greece, official data showed Tuesday.

Romanian SMEs Guarantee Fund Paid Banks EUR9M In Jan-Apr

12:06, 18 Mai 2010
The Romania fund guaranteeing SME loans FNGCIMM paid to banks between January and April an overall EUR9 million, five times more than in the same interval of 2009, fund president Aurel Saramet said Tuesday.

Hundreds Picket Romania’s Govt HQ Over Planned Wage, Pension Cuts

11:05, 18 Mai 2010
Over 400 unionists are picketing the Romanian government’s headquarters for the fourth day Tuesday, calling on the Cabinet to step down because of its planned austerity measures.

Romanian Senate Adopts Bill To Transfer 5% Of Sanitary Fines To Public Healthcare Budget

20:50, 17 Mai 2010
Romania’s Senate adopted Monday a bill whereby 5% of fines from veterinary and food product inspections and from breaches of hygiene and public health laws would be transferred to the budget of the National Health Insurance Fund.

Romanian Opp Social Democrats, Unions To Meet For Alternative Anti-Crisis Plan Thursday

19:01, 17 Mai 2010
Romania's opposition Social Democratic Party (PSD) secretary general Liviu Dragnea said Monday, after a meeting with the leaders of the main union confederations, that their specialists will discuss alternative anti-crisis plans in a joint meeting on Thursday.

Romanian Unions, Employers Ask Govt To Change IMF Deal And Consider Their Proposals

16:42, 17 Mai 2010
Romanian union and employers’ representatives on Monday asked the Government to draft a new letter of intent to the loan agreement with the International Monetary Fund and include their proposals in the new letter, stressing they firmly disagree with the recently announced salary and pensions cuts.

Romania Expects Prison Transfer Of Some 12,000 Nationals As Of 2012

15:47, 17 Mai 2010
About 12,000 Romanian nationals arrested abroad are expected to be transferred in Romanian prisons starting 2012, Romania’s penitentiary administration general manager Ioan Bala said Monday, citing a European provision.

Romania Public Debt To Widen To 40% Of GDP In 2011

14:52, 17 Mai 2010
Romania’s public debt is expected to widen to around 40% of the gross domestic product by end-2011 from approximately 30% of GDP currently, Finance Minister Sebastian Vladescu said Monday.

Romania Fin Min Says 25% Wage Cut Will Be Law-Regulated Like Any Salary Raises So Far

14:49, 17 Mai 2010
Romania’s Finance Minister Sebastian Vladescu said that the recently announced 25% cut in the salaries of public sector employees will be made individually and on the basis of a law, the same way salary raises have been established so far without anybody challenging them in court.

Romanian Democratic Liberal Party Postpones Internal Elections For Next Year

14:48, 17 Mai 2010
Romania’s ruling Democratic Liberal Party decided Monday to reschedule the elections for the party’s central leadership for the beginning of next year, said vice-president Gheorghe Flutur, pointing out that the decision was adopted with a majority of its leaders’ votes.

Romanian Mothers, Fathers, Children, Grandparents Picket Labor Ministry HQ

14:07, 17 Mai 2010
Over one hundred Romanian mothers, fathers, children and grandparents picketed Labor Ministry headquarters Monday, protesting against the child-rearing benefit cut.

Romanian Unionists Resume Daily Protests At Presidential Palace, Govt HQ

13:32, 17 Mai 2010
About one hundred unionists picketed the presidential palace in Bucharest Monday, the third day of protests after authorities announced drastic wage and pension cuts in a bid to move the country out of recession.

Iron Maiden To Perform In Romania On August 15

12:48, 17 Mai 2010
British rock group Iron Maiden will perform in the northwestern Romanian city of Cluj-Napoca on August 15, a concert presented by local football club CFR Cluj, organizers said Monday.

No-Confidence Motion Obligatory If Govt OKs Cost Cutting Plan – Romanian Senate Chairman

12:21, 17 Mai 2010
Romanian Senate Chairman Mircea Geoana said Monday opposition parties must submit a no-confidence motion against the Government if the Executive gives a confidence vote to the cut spending program to reduce salaries and pensions.

Romanian Car Market Climbs 5 Spots In EU By New Car Registrations In April

11:36, 17 Mai 2010
The Romanian car market climbed five positions by number of new car registrations and is ranked 18th in the European Union in April.

Romania 1Q Current Account Gap Widens 65.5% To EUR1.5B

11:12, 17 Mai 2010
Romania's current account deficit widened 65.5% to EUR1.5 billion in January-March, from EUR910 million in the same period a year earlier, due to the decreasing surplus in the current transfers balance, the central bank said in a statement Monday.

Romanian PM Urges Ministers To Sack Institution Heads Not Fighting Tax Evasion

15:40, 15 Mai 2010
Romanian Prime Minister Emil Boc on Saturday called on ministers involved in drafting new legislation to fight tax evasion to have the draft finished by Wednesday’s Cabinet meeting and immediately sack the heads of any subordinated institutions who don’t act to fight tax evasion.

American Actress Says Faced Death After Medical Mishap In Romania

13:38, 15 Mai 2010
American actress Jana Kramer had to halt her shoot for "Return of the Living Dead: Necropolis" in Romania in 2005, after she was misdiagnosed by Romanian doctors who removed her appendix when she actually needed her gallbladder removed, she told Maxim magazine in an interview.

EBRD Lowers Romania’s 2010 Econ Growth Forecast To Zero From Previous 1.3%

13:16, 15 Mai 2010
The European Bank for Reconstruction and Development (EBRD) has lowered its forecast on Romania’s 2010 economic growth to zero from a previous forecast of 1.3%, citing limited internal demand expected after the country’s austere budget gap tightening measures.

Romania Slashes Child-Rearing Benefits By 25% Starting June 1 – PM Adviser

21:19, 14 Mai 2010
Romania’s Labor Ministry has decided to cut 25% of the child-rearing benefit, currently standing at 85% of the parent’s average income for the previous year, starting June 1, Andreea Vass-Paul, economic adviser to Prime Minister Emil Boc, told MEDIAFAX Friday.

Two Romanian Cos Ask For Insolvency Of Rompetrol Downstream

20:51, 14 Mai 2010
Two Romanian companies, Novensys Corporation and Automotive, asked the Bucharest Court to initiate insolvency procedures against Rompetrol Downstream, the fuel distribution division of the Rompetrol group.

Romanian Supreme Court Overrules Fmr Judge’s Complaint Against Travel Ban

20:40, 14 Mai 2010
The Romanian High Court of Justice Friday overruled former judge Florin Costiniu’s complaint against the anticorruption department’s decision to extend his interdiction to leave the country.

Romanian Court Of Appeals Denies Release From Custody To Suspended Mayor

19:33, 14 Mai 2010
The suspended mayor of Romania’s southern city of Craiova, Antonie Solomon, indicted on charges of corruption and intellectual forgery, remains under arrest as a local court of appeals issued a final ruling Friday, denying his release.

Romanian Court Of Appeals Denies Release From Custody To Football Financer, Businessman

18:55, 14 Mai 2010
The Court of Appeals in Pitesti, southern Romania, ruled Friday that Cornel Penescu, financer of football club FC Arges, and Liviu Facaleata, former general manager of SC PIC SA Pitesti, will remain in custody for 29 days, as the Court of Arges County decided Tuesday.

Romania’s Govt To Eliminate Financial Aid For Childbirth, First Marriage

13:55, 14 Mai 2010
Romania’s Government will eliminate the 230 lei (EUR1=RON4.1814) financial aid granted to mothers at childbirth, as well as the EUR200 aid for newlyweds at their first marriage, according to a draft ordinance decree to cut social spending.

Special Pensions In Romania Capped To Pension Point, Military Pensions Cut 15% – Draft

11:46, 14 Mai 2010
The Romanian Government is revising the calculation method of special pensions to cap them, as of June 1, to a level calculated strictly in ratio with the pension point, an indicator used by authorities to calculate pensions, whereas military pensions will be cut by 15%.

Romania Govt Mulls Scrapping Public Transport Senior Discounts, Reducing Scholarships

11:43, 14 Mai 2010
The Romanian Government is considering eliminating senior discounts for public road and railway transport, reducing scholarships for students, performance allowances and life annuities, and also eliminating the financial aid granted for the purchase of textbooks.

Romania’s Cantacuzino Institute Resumes Seasonal Flu Vaccine Production As Of May 17

09:28, 14 Mai 2010
Romania’s Cantacuzino Institute will start producing seasonal flu vaccines again, as of May 17, after the National Medicine Agency (ANM) in early February withdrew its license to market injectable medicines, citing production deficiencies.

Somali Pirates Release UK-Flagged Ship St James Park With Two Romanians Aboard

09:23, 14 Mai 2010
Somali pirates have released British chemical tanker St James Park which was hijacked in December last year with 26 crew members aboard, including two Romanians, the European Union naval force said in a press release Friday.

Romania Govt Might Have To Use Confidence Votes To Adopt Measures Agreed With IMF- President

21:26, 13 Mai 2010
President Traian Basescu on Thursday said the Romanian Government will probably have to require confidence votes in Parliament in order to adopt the measures agreed upon with the IMF experts, stressing there is little time left until the reunion of the IMF Board at the end of June.

Romanian President Says IMF Renegotiation Not On Govt’s To-Do List, But Highly Possible

21:21, 13 Mai 2010
Romanian President Traian Basescu told a press conference Thursday that the Government is not working on a renegotiation of the stand-by agreement with the International Monetary Fund, stressing, however, that the agreement could be renegotiated at any time.

Romanian President Set To Reject Integrity Agency Bill If It Strips Agency Of More Attributions

20:57, 13 Mai 2010
Romanian President Traian Basescu told a press conference Thursday that he will reject the bill regulating the country’s integrity agency if he notices that the new bill only strips the agency of more attributions.

Romanian President Hopes Public Spending Cuts Will “Minimally Affect” Child-Rearing Benefits

20:39, 13 Mai 2010
Romanian President Traian Basescu told a press conference Thursday that he hopes child-rearing benefits will be “minimally affected” by the recently announced spending cuts in the public sector.

Romania Not Faced With Greek Situation, Has Means To Avoid It – President

19:39, 13 Mai 2010
Romania is not in the same position as Greece, and the country has all the means necessary to avoid being faced with such a situation, nevertheless it should not be assumed that the current situation is “rosy”, President Traian Basescu told a press conference Thursday.

Romania’s Health Ministry To Axe Its Budget Expenses By 20% Amid Public Spending Cuts

17:56, 13 Mai 2010
Romania’s Health Minister Attila Cseke on Thursday said his ministry will cut by 20% its budget expenses approved for the procurement of goods and services in 2010, adding it will also enforce the 25% salary cut recently announced for all employees in the public sector.

Romanian Mothers Protest Monday Over Child-Rearing Benefit Cut

16:54, 13 Mai 2010
Romanian mothers will stage a protest Monday outside the Labor Ministry, involving babies in prams, diapers and black bands as symbols for the “funeral” set up by the lawmakers’ recently announced decision to cut child-rearing benefits, said a press release Thursday.

Romanian Unions Say IMF Deal Can Be Changed To Allow Only 10% Cut In Public Sector Wages

16:28, 13 Mai 2010
Unionists believe that Romania’s additional letter of intent to the standby agreement with the IMF can be modified so that pensions will not be slashed and the salaries of public sector employees can be cut only by 10% and only in 2010, not by 25% as announced recently.

Romanian Public Administration Workers On Full-Blown Strike As Of May 31

15:56, 13 Mai 2010
Romanian public administration workers will go on full-blown strike as of May 31, blocking activity in city halls and county councils across the country, in protest to the Government’s plan to cut public sector wages by 25% and sack 70,000 state employees this year.

Romanian NGO Announces Gay Pride March On May 22

15:51, 13 Mai 2010
The seventh edition of Romania’s GayFest will take place between May 17 and May 22, ending in a gay pride march to be attended by the British ambassador to Bucharest, Robin Barnett, said a press release issued Thursday by organizers “Accept”, an NGO defending the rights of sexual minorities.