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Romania Econ Min: Whoever Wants Higher Pension Should Contribute To Pvt Pension System

18:39, 13 Mart. 2010
Romania’s Economy, Commerce and Business Environment Minister Adriean Videanu on Saturday said that people who want higher pensions will have to make pension contributions to the private pension system, as the public pension sector "can no longer uphold" the current pension system.

Romania’s Economy Will Resume Growth In Upcoming Months – Econ Min

17:35, 13 Mart. 2010
Romania’s Economy, Commerce and Business Environment Minister Adriean Videanu on Saturday said the economic data registered in the past four months indicate that "Romania's economy will resume growth in the upcoming months."

Hungarian Authorities In C Romania Voted To Make Hungarian Official Language In Szeckler County

14:46, 13 Mart. 2010
The Assembly of Local Officials in the Szeckler county, held in Sfantu Gheorghe town, in central Romanian county of Covasna, on Friday voted, among others, to make Hungarian the official language of the Szeckler county, a region in eastern Transylvania populated mostly by ethnic Hungarians.

Fitch Rates Romania EUR1B Eurobond ‘BB+’

17:44, 12 Mart. 2010
Fitch Ratings Friday assigned Romania's 5-year EUR1 billion sovereign bond the ‘BB+’ rating, in line with the country’s foreign currency rating ‘BB+’, which has a stable outlook.

Ikea Group Adds Romanian Unit After Franchisee Sells Business

16:22, 12 Mart. 2010
Swedish IKEA group operates directly on the Romanian retail market after buying the operation and franchise rights of the store in the capital city Bucharest, Ikea Romania said in a statement.

Romanian Democrat Liberal To Push Law Banning Human Cloning

15:35, 12 Mart. 2010
Romanian democrat liberal MP Mircia Giurgiu will file in Parliament a draft law banning human cloning and the applications of biomedicine that violate human dignity.

Bucharest Emergency Hospital Gets False Bomb Threat

15:12, 12 Mart. 2010
Pyrotechnic squads that checked the University Emergency Hospital in Romania’s capital Bucharest, after a man called the 112 emergency number Friday to report there could be a bomb inside the hospital, found nothing suspicious and deemed the threat false.

Romania Imported 65% Less Used German Cars In ’09

14:32, 12 Mart. 2010
The number of used cars brought to Romania from Germany decreased last year by 65.3%, one of the reasons being the German clunkers program, according to the German Federal Statistics Office.

Romanian Unionists Complain Poor Get Poorer, Rich Get Richer

14:28, 12 Mart. 2010
Romanian union leaders told Prime Minister Emil Boc that the unitary wage law has been applied incorrectly, as teachers earning 800-900 lei (EUR1=RON4.0929) have had their salaries reduced, while judges and prosecutors “at the top of the pyramid,” enjoy pay rises.

Romanian Unionists Boo PM, Call For His Resignation Over Pension, Wage Laws

13:52, 12 Mart. 2010
Romanian unionists protesting outside the government headquarters Friday booed and threw snowballs at Prime Minister Emil Boc, whom they asked to resign from the headship of the Government, dissatisfied with the Executive's planned pension reform and unitary wage law.

Romanian Min Denounces Tourism Sector Privatization, Pushes For Investments

13:36, 12 Mart. 2010
Romania’s tourism sector was lousily privatized and investments in the sector, which is in a deplorable state, set off only in 2009, Tourism Minister Elena Udrea said Friday in response to the statements of German TUI officials who said Romania is about eight years behind Bulgaria.

Romania Jan Curr Acct Gap Narrows 73.2% To EUR123M

13:08, 12 Mart. 2010
Romania's January current account deficit narrowed 73.2% to EUR123 million, from EUR459 million the year-earlier month, due mainly to the falling trade deficit, the central bank said in a statement Friday.

Romanian President Declines Honorary Scientists Academy Title

12:49, 12 Mart. 2010
Romanian President Traian Basescu Friday declined the honorary title offered by the Academy of Scientists in Romania (AOSR) saying it is his job to promulgate laws and he shouldn’t be rewarded with academic titles for it.

Romania Jan Indus Output Rises At 4th Fastest Pace In EU

12:31, 12 Mart. 2010
Romania’s January industrial production posted the fourth biggest annual increase in the European Union, official data showed Friday.

Romanian Authorities Will Investigate Sick Leave Claims, Fines To Double

12:01, 12 Mart. 2010
Romanian authorities will check whether beneficiaries of sick leave are actually at home, while fines for illegally issued health certificates will be doubled, according to a Health Ministry draft ordinance.

Romanian PM Invites Disgruntled Unionists To Talks On Wages, Pensions

11:48, 12 Mart. 2010
Romanian Prime Minister Emil Boc came to talk to unionists protesting outside the government headquarters Friday and called on them to accept the pension reform, saying low pensions would not be reduced.

Romanian Billionaire Puiu Popoviciu Sells IKEA – Ziarul Financiar

10:03, 12 Mart. 2010
Businessman Puiu Popoviciu has sold the IKEA operations in Romania to Swedish IKEA group for over EUR30 million deal, business newspaper Ziarul Financiar reported Friday citing market sources.

Romania Jan Trade Gap Narrows On Rising Exports, Imports

10:00, 12 Mart. 2010
Romanian exports rose 19.8% on the year to EUR2.3 billion in January, while imports were up 4.4% to EUR2.7 billion, the National Statistics Institute said Friday.

EU Disburses EUR1B Loan Tranche To Romania

20:24, 11 Mart. 2010
The European Commission on Thursday disbursed EUR1 billion to Romania as part of a larger EUR5 billion loan agreed last spring, following new reviews of the country’s economic performance.

Gabriel Resources Budgets Investments Worth EUR27M For Rosia Montana Proj In ‘10

19:44, 11 Mart. 2010
Canadian company Gabriel Resources allotted a EUR27.3 million budget for the Rosia Montana project in 2010, a sum required for asset maintenance and the environment impact study.

Romania Is Eight Years Behind Bulgaria Regarding Tourism Development – TUI Official

19:37, 11 Mart. 2010
Romania is about eight years behind Bulgaria regarding tourism development and attracting foreign investors, said the manager of German Group TUI for Morocco, Romania and Bulgaria, Detlev Hohne, quoted by Deutsche Welle.

Romania Sells EUR1B 5-Yr Eurobond At 5.17% Yield

19:26, 11 Mart. 2010
Romania sold five-year euro-denominated bonds worth EUR1 billion at an annual yield of 5.17%, 268 basis points above the mid-swap rate, a Finance Ministry official said Thursday.

Gabriel Resources Says Romania’s Change Of Govt Improved Dialog On Gold Mining Proj

16:42, 11 Mart. 2010
Canadian-based Gabriel Resources, which owns Rosia Montana Gold Corporation (RMGC) in Romania, said in its earnings report for 2009 that the country’s change in Government end last year has led to more active dialog with authorities and increased interest in the company’s gold mining project.

Romanian President Designated Scientists Academy Honorary Member

15:46, 11 Mart. 2010
Romanian President Traian Basescu Thursday was designated honorary member of the Academy of Scientists in Romania (AOSR) by the institution’s General Assembly.

Romanian Control Institutions Can’t Check Cos More Often Than Once Every Two Years

15:32, 11 Mart. 2010
Romanian specialized control institutions will be forbidden to verify the activity of firms more than once every two consecutive years unless they have firm grounds to do so, and will be fined between 1,500 lei (EUR1=RON4.0987) and RON2,000 if they infringe the law.

Romanian Pensioners To Picket Govt On March 26 Over Pension Law

14:21, 11 Mart. 2010
Romanian pensioners said Thursday they will picket the Government and the country’s prefects' offices on March 26, displeased with the pension reform, the co-payment system for healthcare and the reduction in the number of treatment vouchers.

Romanian Government Set To Reduce Fiscal Red Tape For Companies

14:16, 11 Mart. 2010
The Romanian Government will allow companies to pay the bulk of debts to the state budget, and not just the penalties connected to the debt, and will reduce the number of required monthly fiscal statements, said Romanian Prime Minister Emil Boc.

Romanian Independent Lawmakers Ready Paperwork To Set Up New Party

12:52, 11 Mart. 2010
The leader of the independent group of lawmakers in the Romanian Senate, Liviu Campanu, on Thursday said the papers needed to set up the new party called the National Union for the Progress of Romania (UNPR) will be sent to court next week, adding 8,000 signatures have already been collected.

Full Line-Up Of Sonisphere Festival Romanian Edition Announced

12:46, 11 Mart. 2010
Rammstein, Metallica, Manowar, Slayer, Alice in Chains, Megadeth and Heaven & Hell are some of the bands that will play in Bucharest as part of Sonisphere Festival, which will make a stop in Romania’s capital between June 25 and 27.

Romanian Energy Watchdog’s Policy Is To Keep Gas Price Unchanged This Year – PM

12:03, 11 Mart. 2010
The policy of Romania’s energy regulatory authority ANRE is to keep gas prices unchanged for the whole year, and the government did not receive so far any information saying otherwise, Prime Minister Emil Boc said Thursday.

Romania’s SMEs Guarantee Fund Mulls Granting RON1.8B Guarantees In 2010

11:03, 11 Mart. 2010
Romania’s guarantee fund for small and medium-sized enterprises plans to grant guarantees worth 1.8 billion lei (EUR1=RON4.0981) in 2010, up 9.6% compared with a year earlier, for loans worth RON3.806 billion.

Romanian Compulsory Education To Take 10 Years Under New Education Law

20:11, 10 Mart. 2010
Compulsory education in Romania will take ten years and the ninth grade will be moved from high school to gymnasium, leading to a 20% decrease in the number of drop-outs, Education Minister Daniel Funeriu announced Wednesday, speaking about the draft law on education.

Romanian High School Admission Exams Switch To Transcurricular Approach

20:01, 10 Mart. 2010
Romanian high school admission will consist, according to the new education law, of an evaluation comprising all curricula, added with a practical test of computer skills, as well as references from the teachers, said Romanian Education Minister Daniel Funeriu.

Romanians Plan To Save Up, Go Out Less, Attend Church More Often

19:35, 10 Mart. 2010
Romanians living in urban areas will try this year to save up in the bank, go out less often and go to church more, after living worse in 2009 than they did between 2006 and 2008 and having had to cut down on spending, according to a study by Daedalus.

Romanian Teachers Threaten To Freeze School Year Over Wages, Job Cuts

16:01, 10 Mart. 2010
Unions in Romania’s education system are determined to carry on with protests and could even freeze the school year and boycott national exams unless the Government finds ways to hike their wages and pay severance to staff that will be laid off later this year.

Romania Eyes Partnership To Lure Scandinavian Tourists

15:59, 10 Mart. 2010
Romania’s Tourism & Regional Development Ministry secretary of state Sorin Munteanu meets Wednesday with officials of German Group TUI and plans to conclude a partnership with TUI Scandinavia in a move to lure tourists from Scandinavian countries to Romania.

Romanian President Tells Japan’s Business Community Of Romania’s 2010 Reform Goals

15:21, 10 Mart. 2010
Romanian President Traian Basescu said in the Romanian-Japanese business forum held in Tokyo that the need for reform was emphasized by the economic crisis in Romania, and the Government is determined to push reform despite strong opposition from the unions.

Romanian Pensioners Threaten Protests If Pension Law Goes Through Unamended

15:16, 10 Mart. 2010
Romanian pensioners affiliated to several union federations Wednesday submitted to the Senate an amendment to the draft pension law, urging an increase of the pension point to 45% of the average gross salary, and threatened to protest if the bill becomes law in its current format.

Romanian Cos File For Insolvency To Benefit From Law’s Advantages – Lawyer

13:31, 10 Mart. 2010
Romanian companies with debts have distorted the very purpose of insolvency and very often resort to the measure for its advantages, to shield themselves from foreclosure and from paying debt penalties, said Wednesday Dan Costinescu, partner at law firm Schoenherr si Asociatii.

S&P Raises Romania Outlook To Stable, Citing Budget Reform

10:30, 10 Mart. 2010
Standard&Poor's Ratings Services on Tuesday raised its outlook on Romania to stable from negative, citing budgetary consolidation and expectations that the country would continue to comply with an International Monetary Fund/EU agreement.