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Romania May Face Financial Crisis Without Reforming Public Spending – PM

11:49, 22 Apr. 2010
The Government keeps its intention to cut and streamline public spending, as economic developments of the past two years show that, without reform, Romania might slide into a financial crisis like the one faced by Greece, Prime Minister Emil Boc said Thursday.

Romania Fmr Judge Probed In Corruption Case Asks For Retirement

11:47, 22 Apr. 2010
Romania’s former Supreme Court judge Florin Costiniu, investigated at large in a corruption case involving senator Catalin Voicu and two businessmen, has asked for retirement and the country’s High Council of Magistrates allowed his request Thursday.

Most Romanian Teachers On Full-Blown Strike Across The Country Thursday

10:12, 22 Apr. 2010
Most teachers in Romania are on a one-day full-blown strike Thursday over reduced pay and planned layoffs in the education sector.

Romanian Govt Amends Law Regulating Constitutional Court’s Activity

10:10, 22 Apr. 2010
The draft law revising Romania’s Constitution stipulates that a minimum of 40 lawmakers is needed to notify the Constitutional Court, in the context in which the draft normative act proposes a single-chamber Parliament and a maximum of 300 MPs.

Romanian Govt Amends NATO Accession Law, Though Romania Has Been NATO Member Since 2004

09:41, 22 Apr. 2010
The draft law revising Romania’s Constitution stipulates that the country’s accession to the North Atlantic Treaty Organization needs two thirds of the votes cast in the single-chamber Parliament in order to be approved, although Romania has been a NATO member since March 2004.

Romanian Pres May Order Referendum If Parliament Silent For 30 Days – Draft Revised Constitution

00:54, 22 Apr. 2010
The draft law revising Romania’s Constitution stipulates that the President may choose the topics and date of a popular referendum and, should the Parliament not issue a decision within 30 days of the President’s request, may decree that it be held.

Romanian NGOs Represented By Six Magistrates In High Council – Draft Revised Constitution

00:53, 22 Apr. 2010
The draft law revising Romania’s Constitution stipulates that six of the 19 members of the High Council of Magistrates (CSM) will represent non-government organizations, three of whom would be appointed by the Parliament and three by the head of state.

Romanian Interim President Cannot Appoint PM – Draft Revised Constitution

20:53, 21 Apr. 2010
The draft law to revise Romania’s Constitution states that the interim president is not allowed to appoint the prime minister and confirm the Government after it was endorsed by the country’s Parliament.

Romanian Ministers’ Liability To Be Set Through Organic Law – Draft Revised Constitution

20:50, 21 Apr. 2010
The draft law revising Romania’s Constitution stipulates that the criminal liability of members of the Government will be established through an organic law, while sections concerning requests for criminal prosecution of ministers and the law of minister liability are eliminated.

Romanian President Has Immunity During Term – Draft Revised Constitution

20:32, 21 Apr. 2010
The draft law revising Romania’s Constitution stipulates that the President has immunity over the course of his/her term, a change from the current Constitution, which does not provide the length of immunity and makes reference to immunity from prosecution for political opinions.

Romanian PM Must Consult With President Before Cabinet Reshuffling

19:58, 21 Apr. 2010
Romania’s Government Wednesday approved a draft law to revise the country’s Constitution whereby the prime minister will be allowed to propose changes in the structure of the Government, by dismissing and appointing new ministers, only after consultations with the president.

Romania’s Hungarian Minority Party Wants Two-Chamber Parliament, Fewer Lawmakers

19:07, 21 Apr. 2010
The leader of the Democratic Union of Hungarians in Romania, Marko Bela, told MEDIAFAX Wednesday that his party wants a two-chamber Parliament and a reduced number of lawmakers, but not necessarily a maximum of 300.

Romanian Airline Tarom Flights To Resume Normal Schedule On Thursday

18:08, 21 Apr. 2010
Romanian state-owned airline Tarom's flights will resume their normal schedule on Thursday, unless certain countries choose to restrict their airspace, the airline said in a press release Wednesday.

IMF Sees Romania Economy Growing 5.1% In 2011

16:53, 21 Apr. 2010
The International Monetary Fund estimates Romania’s economy will grow 5.1% in 2011, the biggest increase in the European Union, compared with a modest growth of 0.8% envisaged for this year, according to the fund’s latest World Economic Outlook.

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.