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Romanian Public Servants To Resume Protests As Talks With Govt Failed

16:45, 21 Apr. 2010
Romanian public administration unionists said Wednesday, after talks with the Labor Ministry, that they have received no solution to the system’s problems and will go ahead with the scheduled protest action.

IMF Raises Forecast On Romania’s ’10 Inflation To 4%

16:34, 21 Apr. 2010
The International Monetary Fund raised its forecast on Romania's annual inflation in 2010 by 0.4 percentage points to 4%, the institution's World Economic Outlook report showed Wednesday.

Romania Govt OKs Sale Of Minority Stakes In State Companies

16:28, 21 Apr. 2010
Romanian government has authorized the sale of minority stakes in several state companies and plans to use most of the funds for investments in road infrastructure, Economy Minister Adriean Videanu said Wednesday.

Romania’s New Medical Leave Regulations Might Be Enforced In May

16:23, 21 Apr. 2010
Romania’s new conditions regarding medical leaves might come into force in May, as set in an emergency decree regulating this issue.

Romanian National On FBI Top 5 Wanted List For Cyber Fraud

16:17, 21 Apr. 2010
A Romanian national is on the U.S. Federal Bureau Of Investigation (FBI) list of five most wanted people for involvement in cyber fraud schemes, the FBI said on its website.

Romania Econ Min Dismisses Ctrl Bk, CEC Involvement In Invest Fund As Bogus

16:11, 21 Apr. 2010
Romanian central bank and state-run lender CEC Bank will have no contribution to the country’s planned investment fund, Economy Minister Adriean Videanu said Wednesday.

Romania To Supplement Funds Again For Clunkers Program On High Demand

15:52, 21 Apr. 2010
Romania’s Government will again hike the budget assigned to the country’s clunkers program because 94,000 out of 110,000 car scrap vouchers have already been distributed, Environment Minister Laszlo Borbely said Wednesday.

Minorities To Be Consulted In Decisions About Identity – Govt-Revised Constitution

15:48, 21 Apr. 2010
Romanian authorities will consult with civic organizations of ethnic minorities in decisions regarding the preservation, development and expression of ethnic, cultural and religious identity, says the draft law revising the Constitution, passed by the Government on Wednesday.

Romanian Govt Amends National Housing Agency Functioning Norms

15:37, 21 Apr. 2010
Romania’s Government adopted Wednesday a decision to amend the norms regulating the functioning of the National Housing Agency, or ANL.

Romania Won’t Back Out From OMV Petrom – Econ Min

15:31, 21 Apr. 2010
Romania has no plans to withdraw from the shareholders’ structure of oil company OMV Petrom (SNP.RO), Economy Minister Adriean Videanu said Wednesday.

Romanian Independent Cernea Demands Suspension Of Sunday By-Elections

15:24, 21 Apr. 2010
Romanian Green Party member Remus Cernea called on the Electoral Bureau to suspend the elections scheduled for Sunday, in accordance with the Constitutional Court’s ruling whereby independent candidates are allowed to run in by-elections.

Romanian Govt: President Impeachment Ceases On Favorable Court Ruling

15:05, 21 Apr. 2010
Romania’s Government decided in its weekly meeting Wednesday that the parliamentary procedure used to impeach the head of state ceases if the country’s Constitutional Court rules the head of state did not breach the Constitution.

Romania Climbs Up To Number 5 In Symantec Phishing URL Chart

15:00, 21 Apr. 2010
Romania edged up from 28th, in 2008, to 5th in a global chart for locally-hosted phishing URLs, according to an April report by Symantec, the world’s largest IT security software developer.

Romania Needs To Expand Taxation Pool – Fin Min

14:48, 21 Apr. 2010
Romania’s Finance Ministry will analyze the possibility to expand the general taxation pool, minister Sebastian Vladescu said Wednesday.

Romanian Banks Most Worried About Credit Risk – PwC

14:47, 21 Apr. 2010
Credit risk is what Romanian lenders fear the most and banks don’t expect an improvement any time soon, a survey from the Center for the Study of Financial Innovation (CSFI) and consultancy firm PricewaterhouseCoopers (PwC) showed Wednesday.

Romanian Govt Gives Parliament Ten Days To Hold Confidence Vote For New Cabinet

14:45, 21 Apr. 2010
Romania’s Government decided in its weekly meeting Wednesday to impose a ten-day period during which the Parliament has to hold a confidence vote on a new Cabinet and governing program.

Romanian Govt Starts Constitution Revision Procedure

14:37, 21 Apr. 2010
Romania’s Government has decided to put forward a draft law for the revision of the Constitution, providing for a single-chamber Parliament and a maximum of 300 MPs, which will be forwarded to the head of state, Prime Minister Emil Boc said Wednesday.

Romanian Mobile Operator Cosmote Enters 3G Market

11:29, 21 Apr. 2010
Mobile operator Cosmote Romania, owned by Greece's Cosmote Group, has launched its 3G communications service, which provides users with mobile Internet connection speeds of up to 21.6 MB/s, the operator said in a press release Wednesday.

Romanian President’s Trial Against Paper, Businessman Over Campaign Video Postponed For June

11:26, 21 Apr. 2010
A Romanian court adjourned for June 16 a trail in which Romanian President Traian Basescu sued businessman Dinu Patriciu and newspaper Gardianul for libel after they released a video in which Basescu appears to be striking a child during the presidential election campaign in 2004.

Second Volcanic Ash Plume Reaches Romania, Air Traffic Undisturbed

10:26, 21 Apr. 2010
A second volcanic ash plume entered Romanian territory Wednesday morning but at an altitude that doesn’t affect air traffic or air quality, authorities said.

Romania To Scrap Special Cargo Transport Licenses As Of April 30, 2010 – Draft

09:42, 21 Apr. 2010
Romania’s Transport and Interior Ministries have drawn up a draft act whereby special licenses for cargo transport that allow the overloading of trucks will be scrapped as of April 30 and will only be kept for freight transports exceeding the standard allowed weight and for undividable goods.

Romanian President Warns 2010 Budget Deficit May Exceed Target – Sources

20:50, 20 Apr. 2010
Romanian President Traian Basescu Tuesday warned the government that the economic data for the first months of 2010 suggest the budget deficit could exceed 7% of the gross domestic product, above the 5.9% of GDP target agreed with the International Monetary Fund.

Romania May Be Under New Aviation Code Red As Of Wednesday Morning

20:46, 20 Apr. 2010
Romania may fall under a code red for aviation again, starting Wednesday morning, according to recent information on the status of the plume of volcanic ash, published by the Environment Ministry.

Romanian FM Dissociates From Invitation To Dalai Lama

20:16, 20 Apr. 2010
Romanian authorities have not extended any invitation to visit the country to the Dalai Lama or his representatives and Bucharest recognizes a single China, which includes Tibet, Romania's Ministry of Foreign Affairs said Tuesday, in response to a request by MEDIAFAX.

Romanian Lawmakers Approve Setting Up Of Constitution Revision Committee

18:23, 20 Apr. 2010
Romanian lawmakers on Tuesday adopted with four abstentions the draft decision on the setting up of a common committee to revise the country’s Constitution.

Independents Allowed To Run In Romanian By-Elections – Constitutional Court Ruling

18:07, 20 Apr. 2010
Independents are allowed to run for lawmaker seats, as per a Tuesday decision of Romania’s Constitutional Court, which admitted an exception to the Law regarding by-elections, raised by Green Party member Remus Cernea.

Romanian Conservatives, Social Democrats To Submit Motion On Agriculture

17:10, 20 Apr. 2010
Romanian conservative leader Daniel Constantin on Tuesday said conservatives and social democrats, in opposition, will team up and submit next week with the Chamber of Deputies a simple motion on agriculture, calling for the dismissal of Agriculture Minister Mihail Dumitru.

Volcanic Ash Plume Does Not Pollute, Will Exit Romanian Airspace on Wednesday

16:59, 20 Apr. 2010
The ash plume from Icelandic volcano Eyjafjallajokull, which paralyzed European air traffic, does not pollute and will exit Romanian airspace on Wednesday, Romanian Environment Ministry representatives told a news conference Tuesday.

Romanian President: Govt Took Rough, Yet Necessary Measures To Cut Public Spending

16:31, 20 Apr. 2010
Romanian President Traian Basescu on Tuesday said the measures taken by the government so far are rough, audacious, yet highly necessary, adding they are meant to cut down public spending and set a reasonable balance between various social categories.

President Says Stripping Integrity Agency Of Its Role Hurts Romania

15:02, 20 Apr. 2010
Romanian President Traian Basescu said Tuesday the Constitutional Court’s decision to strip the country’s integrity agency of its main role may please some public officials but it does the country a great disfavor.

Carrefour To Open Its First Bucharest Supermarket, A EUR500,000M Invest

14:42, 20 Apr. 2010
Retailer Carrefour will open Wednesday its first supermarket in Bucharest and the 26th in Romania, following an investment of EUR500,000, the company said Tuesday.

Romanian Education Unionists Go Ahead With Strike On April 22

14:26, 20 Apr. 2010
Romanian teachers affiliated with the FSLI, “Spiru Haret” and FEN trade union federations have decided to go ahead with the all-out strike announced for April 22, dissatisfied with the results of the meeting with Education Minister Daniel Funeriu.

CME Closes $400M Acquisition Of Bulgarian bTV

14:26, 20 Apr. 2010
Broadcaster Central European Media Enterprises (CME) announced Tuesday it finalized the acquisition of Bulgarian bTV group from News Corporation, for $400 million.

EXCLUSIVE: Romania Mulls Setting Up Natl Invest Fund To Finance Ambitious Projects

14:08, 20 Apr. 2010
Romania’s government is considering setting up a national investment fund to finance larges economic projects, fueled by the state’s minority stakes in several companies and by cash contribution from state-run lender CEC Bank, according to an executive bill.

Fitch Revises Bucharest’s Outlook To Stable; Affirms at ‘BB+’

13:49, 20 Apr. 2010
Fitch Ratings on Tuesday revised Bucharest's outlook to stable from negative, while affirming the city's long-term foreign and local currency ratings at 'BB+' and 'BBB-' respectively, to reflect a similar action on the country's outlook.

Romanian Business Community Deplores Low Econ Predictability

13:24, 20 Apr. 2010
Romanian businesspeople association AOAR officials said the leu levels are OK as long as they remain in a narrow range and predictability, coupled with good management by politicians, should take priority.

Romania Climbs One Notch To 80th In WB Purchasing Power Top

13:14, 20 Apr. 2010
Romania edged up one notch to 80th in a global ranking by purchasing power parity, a World Bank survey showed Tuesday.

Romanian Labor Min Says 180,000 Out Of 4.8 Million Pensions To Be Recalculated

13:13, 20 Apr. 2010
Romanian Labor Minister Mihai Seitan told senators Tuesday 180,000 pensions would be recalculated under the country’s pension bill and the process would take about six months.

Romanian PM Accuses Liberals Of Having Wasted Public Money

12:23, 20 Apr. 2010
Romanian democrat liberal leader and Prime Minister Emil Boc Tuesday accused the National Liberal Party of dissipating the money got by the state after selling its 36.8% stake in the county’s largest lender Banca Comerciala Romana (BCR) back in 2006.

Romanian Court Allows Independent Lawmakers To Create Party

12:17, 20 Apr. 2010
The Bucharest Court on Monday sustained a request by Romania’s independent lawmakers’ group to set up their own political party, led by Defense Minister Gabriel Oprea.