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Romanian Labor Committee Senators Adopt Draft Pension Law With Amendments

20:53, 14 Apr. 2010

The Romanian Senate’s labor committee adopted Wednesday the country’s draft pension law with amendments and agreed on a pension point of at least 45% of the average gross salary.

Romanian Ministers Have Three Weeks To Propose Job Cuts, Govt Awaits IMF Approval

19:11, 14 Apr. 2010

Romanian ministers have three weeks to come up with concrete propositions to restructure institutions under their authority and the Government is also waiting for the IMF’s approval on cost standards to be applied in public administration, people close to the matter told MEDIAFAX Wednesday.

Vinci-Aktor Construction Group May Drop Romanian Hwy Segment Contract

16:52, 14 Apr. 2010

The Vinci-Aktor consortium, winner of the auction for the construction of the Romanian Comarnic-Brasov highway, may drop the concession contract because the group lacks financing for the EUR1.5 billion project, people close to the matter told MEDIAFAX.

Romanian Education Unionists To Stage One-Day Strike On April 22 Over Education Bill

16:43, 14 Apr. 2010

Romanian education unions met Wednesday to resume talks on the problems the education sector is currently facing, and decided to stage a one-day strike on April 22 over planned layoffs in the sector, cuts in staff spending and the draft education law.

Romanian Government Tightens Conditions For Employees Who Want Medical Leave

16:17, 14 Apr. 2010

The Romanian Government decided on Wednesday to tighten conditions for employees who can request a medical leave and will introduce of a verification system and a higher penalty for people demanding such leaves without solid grounds.

Romanian Senator Draws Up Amendment To Sanction Lawmakers Who Skip Parliament Meetings

16:16, 14 Apr. 2010

Romanian democrat liberal senator Iulian Urban drew up a draft amendment to Law 96/2006 regarding lawmakers’ statute whereby deputies and senators who are absent without leave to 50% of Parliament’s plenary meetings would lose their lawmaker seats.

Romanian Public Administration Unionists To Stage Full-Blown Strike On May 5

14:20, 14 Apr. 2010

The Romanian National Federation of Public Administration Unions (FNSA) will picket the Government headquarters on April 30 and stage a full-blown strike on May 5 over wage cuts, union leader Valer Suciu told a news conference Wednesday.

Trade Register: 6,250 Romanian Cos Entered Insolvency In Q1

14:16, 14 Apr. 2010

The number of companies that started insolvency proceedings in the first quarter of the year exceeded 6,250, up 27% on the same interval a year earlier, according to data of the Romanian Trade Register Office, or ONRC.

Ford Romania Must Step Up Production To Avoid Penalties

14:03, 14 Apr. 2010

Ford Romania must increase total production to over 250,000 cars by 2011, or it could pay penalties to the state of up to a quarter of the EUR57 million price paid for Automobile Craiova.

Romania’s Planned VAT Measures Spark Debate

13:51, 14 Apr. 2010

The payment of the value added tax upon bill collection is solely applicable for SMEs, according to the European Union directives, which means that a generalized payment of VAT requires European Commission approval, according to Ramona Jurubita, partner within KPMG.

Bucharest City Hall To Partially Cover RADET Debt To EIB, CEDB

11:57, 14 Apr. 2010

The loans contracted by Bucharest household heating supplier RADET in 1997 and 1998, worth a total EUR45 million, will be partially reimbursed by City Hall, since the company lacks funds.

German Xella Launches First Plant In Romania, A EUR32M Invest

11:51, 14 Apr. 2010

German building materials maker Xella on Wednesday officially opened its first Romanian plant, following an investment of about EUR32 million.

Train Hits Truck In SE Romania, Driver Dies

10:40, 14 Apr. 2010

Railroad traffic on the route connecting Romania’s capital Bucharest to southeastern Constanta was halted for about 20 minutes Wednesday morning after a train hit a truck, killing the driver on the spot.

Italy Extradites Romanian National Costica Argint To Serve Prison Time In Romania

07:09, 14 Apr. 2010

Italian authorities informed Romania’s Justice Ministry of their decision to extradite Romanian national Costica Argint, who is internationally wanted because he has to serve a prison term of three and a half years, the Justice Ministry said Tuesday.

Romanians Blocked At Hurghada Airport, Egypt, To Return Home Tonight

21:36, 13 Apr. 2010

Romanian Ambassador to Egypt Gheorghe Dumitru told MEDIAFAX Tuesday evening Egypt's civil aviation authority said Koral Blue airline received flight authorization and will operate the return flight to Cluj-Napoca, northwestern Romania, tonight.

Romanian Taxi Drivers Picking Up Clients Inside Airports Fined RON500 To RON1,000– Bill

19:55, 13 Apr. 2010

Taxi drivers in Romania who pick up clients inside airport premises will be fined 500 lei (EUR1=RON4.1425) up to RON1,000, according to an emergency decree fighting piracy in road transportation, a bill demanded by Romanian transporters’ union COTAR.

Romania March New Car Registrations Up 51% MM To 4,027 Units

19:16, 13 Apr. 2010

Romanian new car registrations rose 51% to 4,027 vehicles in March, from 2,658 vehicles a month earlier, Interior Ministry data showed Tuesday.

Queues, High Interest Rates Cause Romanian Bks To Lose Mkt Share – Poll

19:15, 13 Apr. 2010

Romanian banks BCR, CEC Bank and several others are losing market share because of the long waiting lines and high interest rates, among other issues, according to a poll conducted by research company Synovate.

Romanian Senate’s Legal Committee Approves Draft Pension Law With Amendments

19:08, 13 Apr. 2010

The Romanian Senate’s committee for legal matters Tuesday approved the draft pension law with amendments which set special retirement conditions for judges and magistrates, committee for legal matters vice-president Iulian Urban told MEDIAFAX.

Romanian Soprano Angela Gheorghiu Up For Classical Brit Awards 2010 Female Artist Of The Year

16:30, 13 Apr. 2010

Romanian soprano Angela Gheorghiu has been nominated female artist of the year at the 2010 Classical Brit Awards, to take place at the Royal Albert Hall in London, on May 13, bbc.co.uk reported.

Romanian Deputies Tacitly Pass Bill Allowing Voluntary Soldiers To Serve Until 50

15:57, 13 Apr. 2010

Romania’s Chamber of Deputies tacitly enacted Tuesday a bill that sets retirement age from the military at 50 for voluntary soldiers and sergeants, despite lack of endorsement from the Chamber’s committee for defense.

Romanian Social Democrats Support 10% Election Threshold Proposition Made By President Basescu

13:57, 13 Apr. 2010

Romania's opposition endorses President Traian Basescu’s proposition to implement a 10% threshold for Parliament representation, party spokesman Radu Moldovan told MEDIAFAX Tuesday.

Jobs Abroad For Romanians Drop By 40% On Mo In April – Study

13:39, 13 Apr. 2010

While Greece remains the number one country hiring Romanians, the number of jobs abroad has decreased by 40% in April compared to March, according to a study released Tuesday by recruitment website Balaur.ro.

Romania Leu Slips Vs Euro, Exch Rate Hits 11-Wk Low At 4.1425

13:25, 13 Apr. 2010

Romania’s leu edged lower against the euro in mid trade Tuesday and the central bank’s reference slid 0.3% on the day to an 11-week low at 4.1425 units.

Romania, Georgia, Azerbaijan Sign LNG Transit MoU

11:11, 13 Apr. 2010

Romania, Georgia and Azerbaijan signed Tuesday, in Bucharest, a gas transport memorandum of understanding, through the Azerbaijan Georgia Romania Interconnection (AGRI) project, that includes the construction of liquefied natural gas (LNG) terminals and that might be developed sooner than Nabucco.

Romania Jan-Feb FDI Plunges 64.8% YY To EUR466M

10:58, 13 Apr. 2010

Romanian foreign direct investment, or FDI, fell 64.8% on the year to EUR466 million in January-February, from EUR1.32 billion in the same period a year earlier, the central bank said Tuesday.

Romania Jan-Feb Curr Acct Gap Widens 64.3% To EUR754M

10:50, 13 Apr. 2010

Romania's current account deficit widened 64.3% to EUR754 million in January-February, from EUR459 million the year-earlier period, due to the falling surplus in the current transfers balance, the central bank said in a statement Tuesday.

Romanian President May Use Executive Power To Revise Constitution

10:48, 13 Apr. 2010

Romanian President Traian Basescu said Monday evening, on B1TV, that he has asked parliamentary parties to implement the result of the 2009 referendum, but that he intends to start the Constitution revision process through the executive branch.

Romania Isn’t Deploying More Troops In Afghanistan To Make Nice With U.S. – President

10:43, 13 Apr. 2010

Romania will send more troops to Afghanistan to help protect its already deployed troops and not to “make nice” with Washington, Romanian President Traian Basescu said Monday evening on B1TV.

Romanian Rompetrol Hikes Pump Prices By Up To RON0.04/Liter

10:34, 13 Apr. 2010

Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, rose Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1=RON4.1305) and RON0.03 per liter, respectively.

Romanian President, Government To Discuss Public Sector Layoffs Next Week

10:08, 13 Apr. 2010

Romanian President Traian Basescu said Monday evening, on B1TV, that he will summon the Government to the Presidency headquarters next week to discuss public sector layoffs and funding for infrastructure projects.

Romanian Businessmen, Supreme Court Judge To Be Investigated At Large

09:30, 13 Apr. 2010

Romanian judge Florin Costiniu, and businessmen Costel Casuneanu and Marius Locic will be released from custody, after the High Court of Justice approved their appeal to be investigated at large over charges of corruption, in the corruption case involving senator Catalin Voicu.

Romania Lower Chamber Headship Oks Setup Of Sub-Commission On Human Dignity

20:52, 12 Apr. 2010

Romania’s Chamber of Deputies headship on Monday approved the setting up of a sub-commission on human dignity that will keep charge of legislative propositions meant to enhance observance of human rights and will tackle problems regarding the observance of civil rights.

Romanian Senate Rejects Opposition’s Motion Against Transport Minister

19:48, 12 Apr. 2010

Romania’s Senate Monday rejected 65 to 47 votes and one abstention the opposition Social Democratic Party’s simple motion against Transport Minister Radu Berceanu.

TUI Nordic Officials To Evaluate Romanian Seaside Potential End-May

19:30, 12 Apr. 2010

Officials of Scandinavian tour operator TUI Nordic, subsidiary of German Group TUI, will visit the Romanian Black Sea Coast at the end of May to discuss with Romanian officials the possibility of resuming operations on the local tourism market as of 2011, TUI Romania general manager Tim Grosse said.

Romania To Receive RON198M In EU Non-Reimbursable Funds For Tourism Investments

15:20, 12 Apr. 2010

Romania’s Agency for Rural Development and Fishing APDRP will contract 269 tourism investment projects, which were shortlisted for funding via the National Rural Development Plan and will receive European Union non-reimbursable funds of 198 million lei (EUR1=RON4.1305).

Romanian President Calls On Public Institutions To Use Electronic Auction Systems

13:51, 12 Apr. 2010

Romanian President Traian Basescu Monday called on public institutions to use the electronic auction system, adding he will closely monitor the increase in the number of electronic auctions, as there are many institutions which avoid using the system.