English

Romania Annual Inflation Seen Easing To 4.1% In March

13:46, 09 Apr. 2010
Romanian annual inflation is expected to narrow to 4.1%-4.3% in March from 4.5% a month earlier, due to a firmer leu against the euro, but rising drug prices could reverse the trend in April, analysts said Friday.

Romanian PM Confident Parliament Will Adopt Pension Law By June

13:42, 09 Apr. 2010
Romanian Prime Minister Emil Boc said Friday he is confident the draft pension law will be adopted during the current parliament session, adding opposition parties are against the reformation of the pension system.

Romanian Lump Sum Tax Might Reach 28% Of Firms’ Revenue – SMEs Council

13:14, 09 Apr. 2010
The lump sum tax Romania plans to levy in 2011 on certain businesses will top, in some cases, the current flat profit tax of 16% and will reach 28% of a company’s gross revenue, if the calculation formula proposed by the Finance Ministry is kept, officials of the Council for SMEs said Friday.

Romania Keeps Singapore Updated On Steps Taken In Criminal Case Of Fmr Envoy Ionescu – FM

11:17, 09 Apr. 2010
Romania’s ambassador to Singapore Aurelian Neagu informed Singapore’s Foreign Ministry of the steps taken by the Romanian authorities for a lawful investigation of former Romanian envoy to Singapore Silviu Ionescu blamed for a hit-and-run accident in December, Romania’s Foreign Ministry said Friday.

Romania Jan-Feb Trade Gap Narrows To EUR1.02B

10:01, 09 Apr. 2010
Romania’s trade deficit narrowed to EUR1.02 billion in January-February, from EUR1.55 billion in the same period the year earlier, the National Statistics Institute said Friday.

Romania’s Supreme Court Puts Off Ruling On Prosecutors’ Arrest Proposals In Graft Case

21:10, 08 Apr. 2010
Romania’s High Court of Justice postponed until Friday its ruling on anticorruption prosecutors' proposal to place under arrest High Court of Justice civil department chief Florin Costiniu and businessmen Marius Locic and Costel Casuneanu, all three investigated in a corruption file.

NATO Member States’ Mission In Afghanistan Not Over Yet – Romania President

20:57, 08 Apr. 2010
Romanian President Traian Basescu said he will call for a stronger relation between the EU and the U.S.A. at the meeting with U.S. President Obama and other high officials Thursday, and stressed “it is inacceptable that several NATO member states should think their mission in Afghanistan is over."

Singapore’s Authorities Issue International Arrest Warrant Against Fmr Romanian Envoy

20:26, 08 Apr. 2010
Singapore’s Police sent Interpol Romania an international arrest warrant against former Romanian envoy to Singapore Silviu Ionescu who is held responsible for a fatal hit-and-run accident in Bukit Panjang, people close to the matter said Thursday.

Romanian Lenders May Need Ctrl Bk Sanction To File For Insolvency

18:22, 08 Apr. 2010
Romania’s central bank will be able to dismiss insolvency requests of credit institutions if it finds no merits to the claims, according to a government bill aimed to improve insolvency legislation.

Second Romanian Businessman Detained In High-Profile Graft Case

17:03, 08 Apr. 2010
Romanian anticorruption prosecutors Thursday detained businessman Costel Casuneanu in a corruption file investigating social democrat senator Catalin Voicu, businessman Marius Locic and High Court of Justice judge Florin Costiniu.

Romanian Anticorruption Prosecutors Detain High Court Judge Florin Costiniu

17:01, 08 Apr. 2010
Romanian anticorruption prosecutors Thursday detained High Court of Justice civil department chief Florin Costiniu, in a corruption file investigating social democrat senator Catalin Voicu, along with businessmen Castel Casuneanu and Marius Locic.

No Beneficiary Of Romanian Government Special Scholarships Works In Public Sector – Doc

16:30, 08 Apr. 2010
Nearly 150 young Romanian university students have benefited over the past five years from the Romanian Government Special Scholarships, but none have so far been employed by the state in public institutions, although students are compelled by contract to work in the public sector.

Romanian Anticorruption Prosecutors Detain Businessman Investigated In Corruption File

15:11, 08 Apr. 2010
Romanian businessman Marius Locic was detained Thursday by anticorruption prosecutors in a file in which social democrat senator Catalin Voicu has already been arrested for corruption.

Romanian NGOs Want To Benefit From State Guarantees On Loans For EU-Funded Projects

15:06, 08 Apr. 2010
Representatives of several non-governmental organizations (NGOs) on Thursday called on the Romanian government to include NGOs in the category of beneficiaries of state guarantees for loans contracted to co-finance EU-funded projects, with guarantees covering 30-35% of the loan value.

Romanian President Gets Romanian Carmaker Dacia’s First SUV

14:39, 08 Apr. 2010
Romanian President Traian Basescu came to the Dacia factory in Mioveni on Thursday to take home his Duster, Dacia’s first SUV, and headed for capital Bucharest driving his new red car.

Oriflame Romania General Manager Monica Tatoiu Retires

14:14, 08 Apr. 2010
The general manager of cosmetics company Oriflame Romania, Monica Tatoiu, steps down from her position after 14 years of activity, and she will be replaced with Pavlina Marinova, the company said in a press release Thursday.

Romanian Leu Down Vs Euro, Exch Rate Hits 6-Wk Low At 4.1128

13:40, 08 Apr. 2010
The Romanian leu edged lower against the euro in mid trade Thursday, tracking the currencies in the region, and the central bank’s reference lost 0.54% on the day at 4.1128 units, the lowest rate in six weeks.

Romanian Senate Passes Bill Outlawing Sale Of Psychoactive Plants

12:40, 08 Apr. 2010
Romania’s Senate on Thursday enacted a Government bill banning the sale of psychoactive plants, consumed as recreational drugs, and the bill now needs approval from the Chamber of Deputies to become law.

Romania, U.K. Bust Child Trafficking Gang That Sent Roma Children To Beg In Britain

11:22, 08 Apr. 2010
Romanian and British authorities identified over 160 ethnic Roma children taken to the U.K. illegally and forced to beg and busted a gang of alleged child traffickers in Tandarei, southern Romania, authorities said Thursday.

Romanian Jobless Rate Up To 8.36% In March

11:15, 08 Apr. 2010
Romania's jobless rate rose to 8.36% in March, up from 8.3% a month earlier and well above a rate of 5.6% in the same period the previous year, the country’s employment agency ANOFM said Thursday.

Romanian PM, Labor Min Accused Of Discriminating Dads In Pension Reform

11:05, 08 Apr. 2010
A Romanian association representing fathers notified the country’s antidiscrimination council on the Government’s plans to allow women with children to retire earlier, which discriminates against dads..

Romanian Family Doctors Resume Issuing Compensated, Free Medicine

11:00, 08 Apr. 2010
Romanian family doctors will resume prescribing compensated medicine and specialist referrals as of Thursday, exactly one week after they stopped, over disagreements regarding the new healthcare frame-contract.

Romania’s Govt To Hire Extra Staff Mainly In Sectors Managing EU Funds

20:38, 07 Apr. 2010
Romanian Government decided in its meeting Wednesday meeting to hire extra public servants mainly in sectors involved in attracting and managing European funds, Government spokeswoman Ioana Muntean said.

Romanian Senate Rejects Opposition’s Motion On Education

19:38, 07 Apr. 2010
Romania’s Senate rejected Wednesday the simple motion on education submitted by the opposition parties, with 65 votes against, 51 votes for and no abstentions.

Romanian President Basescu To Visit Dacia Factory, Receive New Duster Model

18:39, 07 Apr. 2010
Romania’s President Traian Basescu will visit the Dacia factory in Mioveni on Thursday and become the first owner of the carmaker’s new SUV, the Duster, Dacia announced.

Romanian Liberals Want Investigation Of Public Contracts Won By Ruling Party Sponsors

17:20, 07 Apr. 2010
Romanian liberal leader Crin Antonescu announced Wednesday that his party intends to set up a special Senate committee to investigate the connection between the ruling Democratic Liberal Party’s financiers and certain public work contracts they were awarded.

Only Military Pensions Exceeding RON3,000 To Decrease Following Recalculation – Labor Min

15:57, 07 Apr. 2010
Romanian Labor Minister Mihai Seitan said Wednesday that calculation scenarios showed that a considerable part of military staff pensions will not decrease, adding only military staff pensions exceeding 3,000 lei (EUR1=RON4.908) might be affected, but the reduction will not be of 69%.

Romanian Troop Injured In Afghanistan Insurgent Attack

15:16, 07 Apr. 2010
A Romanian troop was injured Wednesday morning in an insurgent attack in Afghanistan, the Defense Ministry said, adding he has undergone surgery and is currently stable.

Romanian Military Pensions Expected To Be Slashed Up To 69% Under New Pension Law – Min

15:00, 07 Apr. 2010
Romania’s Defense Minister Gabriel Oprea said a recent calculation scenario, at the suggestion of the Labor Ministry, indicated that military staff pensions are to be reduced by 19% up to 69% upon the enforcement of the country's new unitary pension law.

Over 26,000 Romanians Received Non-Immigrant Visas For U.S.A In 2009 – Ambassador

14:04, 07 Apr. 2010
U.S. Ambassador to Bucharest Mark Gitenstein said Wednesday Romanians are welcome to the United States, adding over 26,000 Romanian citizens received non-immigrant visas last year.

Romanian Govt To Approve Education Bill On Monday – Sources

13:39, 07 Apr. 2010
Romania’s Government plans to hold a meeting Monday evening to approve the draft law on education, people close to the matter told MEDIAFAX.

Romania’s Feb Net Salary Dn 1.1% M-M To RON1,411

11:00, 07 Apr. 2010
Romania’s net average salary in February was at 1,411 lei (EUR1=RON4.0967), down 1.1% compared with the previous month, the National Institute for Statistics, or INS, said Wednesday.

Romanians Working In Canada May Get Pensions From Both Countries Under New Social Security Agreement

10:41, 07 Apr. 2010
Romanian nationals who have worked in Canada and paid social contributions there will get pensions calculated according to contributions in both countries upon retirement.

Swedish Saab To Withdraw From BSDA Exhibition Over Romania’s Choice Of F-16 Fighter Jets

09:28, 07 Apr. 2010
Swedish aerospace and defense group Saab decided to call off its participation with Gripen multirole fighter aircrafts in the Black Sea Defense & Aerospace (BSDA) exhibition organized in April after it learned of Romania’s plans to purchase used F-16 fighter jets.

FIFA World Cup Trophy Arrives In Romania

20:25, 06 Apr. 2010
The FIFA World Cup Trophy arrived in Romania Tuesday evening for the first time, as part of a 225-day world tour organized by Coca-Cola in 86 states on five continents.

Romanian FM, U.S. Embassy To Set Off Information Campaign On Non-Immigrant Visas

19:46, 06 Apr. 2010
Romania’s Foreign Affairs Ministry and the United States Embassy in Bucharest on Wednesday will set off a joint information campaign for the Romanian citizens who wish to obtain non-immigrant visas to visit the United States, the ministry said in a press release Tuesday.

Romanian Family Doctors Likely To Resume Issuing Compensated Medicine As Of Thursday

18:27, 06 Apr. 2010
Romanian family doctor association officials announced Tuesday, after talks with Health Ministry officials, that negotiations on the new healthcare contract for 2010 will continue Wednesday and, should a consensus be reached, doctors will resume prescribing compensated medicine starting Thursday.

U.S. Constructor Bechtel Puts Off Massive Layoff Plans Until After April 15

16:52, 06 Apr. 2010
U.S. Bechtel, the company building Romania’s Transylvania Highway, has decided to put off plans for massive layoffs until after April 15 when it is expected to also decide on the number of employees to be sacked.

Romanian Anticorruption Prosecutors Indict Former Bacau Mayor

16:10, 06 Apr. 2010
Dumitru Sechelariu, former mayor of the Romanian city of Bacau, has been indicted by anticorruption prosecutors, a month after investigators requested his arrest in a corruption case also involving Bacau public transport company director Iuliean Sutu.

Debts Of Romanian Insolvent Cos Up 7% To RON458M In Feb

14:49, 06 Apr. 2010
The debts of Romanian companies undergoing dissolution to local banks rose 7% on the month in February, to 458 million lei (EUR1=RON4.0967), even though their number has slightly decreased, central bank data showed Tuesday.