English

Romania Might Enforce Mandatory Home Insurance Law As Of End-March ‘10

16:36, 04 Ian. 2010
The law forcing Romanian homeowners to insure their homes against natural disasters might be enforced toward the end of the first quarter of 2010 if PAID, the company issuing mandatory home insurance policies, manages to conclude a reinsurance contract, PAID head Marius Bulugea said Monday.

Romanian Farmers To Be Included In Country’s Future Single Pension System

16:09, 04 Ian. 2010
Romanian labor minister Mihai Seitan said Monday there will no longer be a special pension system for agriculture and farmers will be included in the single pension system.

Romanian Carmaker Dacia Sees Biggest Sales Increase Of 51.4% On French Market In ‘09

15:30, 04 Ian. 2010
Registrations of Romanian new Dacia cars and light commercial vehicles in France registered the biggest increase in 2009 of 51.4%, to 65,956 units, according to the Committee of French Automobile Constructors (CCFA).

Romanian Co Metrorex To Spend Up To RON60M On Subway Line Extension Works

13:45, 04 Ian. 2010
Bucharest subway company Metrorex will pay an estimated 59.5 million lei (EUR1=RON4.2282), VAT not included, to finalize construction works on subway sector 1 Mai-Parc Bazilescu, part of mainline IV, the company said Monday.

Romanian Leu Slightly Up, Exch Rate At RON4.2265 Vs Euro

13:43, 04 Ian. 2010
The Romanian leu slightly strengthened against the euro in the first trade of the year, and the central bank computed an indicative of RON4.2265 to the euro.

Romania Forex Reserves Fall Slightly In December To EUR28.3B

13:42, 04 Ian. 2010
Romanian foreign exchange reserves fell EUR434 million in December to EUR28.303 billion, according to central bank data released Monday.

Romanian Transelectrica Hikes Pwr Transport Tariff By 5.4%

13:41, 04 Ian. 2010
Romania’s state-owned power grid operator Transelectrica (TEL.RO) raised, on January 1, the average tariff for electric power transport service by 5.4%, from 16.13 lei (EUR1=RON4.2265) per MWh to RON17/MWh, the company said Monday.

Romania’s Petrom Hikes Pump Prices By RON0.06 Per Liter

11:28, 04 Ian. 2010
Romania’s largest oil company Petrom SA (SNP.RO) raised Monday the gasoline and diesel oil prices by 0.06 lei (EUR1=RON4.2282) per liter, following the international oil price increase, the company said in a statement.

Romanian-Built Car Dacia Ranked Third Most Reliable – French Study

09:34, 04 Ian. 2010
French people consider Romanian-built Dacia one of the most reliable cars, ranking it third after Daihatsu and Lexus in a study ordered by consumer group UFC-Que Choisir.

Romania Drops Plans To Buy France’s AH1N1 Flu Vaccine Surplus

09:33, 04 Ian. 2010
Romania ultimately declined to buy France's surplus of vaccine against the AH1N1 virus, after two months of negotiations, while several other EU states (including Germany, the Netherlands and Spain) are desperately trying to sell off at least part of their surplus, Le Parisien reported.

Bucharest Electoral Auth Declares Lawmaker Seat Candidacies Final

09:32, 04 Ian. 2010
The Bucharest Electoral Bureau on Sunday declared the candidacies of Honorius Prigoana and Radu Stroe for a seat in the Romanian Chamber of Deputies as final, without waiting for the Constitutional Court’s ruling regarding Remus Cernea’s complaint.

Turkey’s Private Hospital Network Medicana Eyes Romanian Mkt

17:10, 03 Ian. 2010
Medicana Hospital, one of Turkey’s leading private healthcare provider networks, plans to expand overseas to countries like Romania and Bulgaria, and seize the opportunities provided by the healthcare tourism industry in the European Union, according to publication Today's Zaman.

Fewer Romanians Spent New Year’s In The Country Or Abroad

14:59, 03 Ian. 2010
The number of Romanian tourists who spent the New Year’s in boarding houses or hotels countrywide was down 8% on the year, to 95,400 people who spent 124.5 million lei (EUR1=RON4.2282), down 13% from 2008, according to Romania’s Federation of Tourism Employers’ Associations (FPTR).

Code Yellow Warning Of Snow, Blizzards In S, SW Romania

16:18, 02 Ian. 2010
Romanian meteorologists on Saturday issued a code yellow warning forecasting snow and blizzards in southern and southwestern Romania on Sunday, between 3 a.m. and 10 p.m.

Two Romanian Sailors On UK-Flagged Ship Seized In Gulf Of Aden

15:01, 02 Ian. 2010
Two Romanian sailors are among the 25-member crew of UK-flagged vehicle carrier Asian Glory seized by Somali pirates in the Gulf of Aden late Friday, according to the ship’s owner, British ship management company Zodiac Maritime Agencies.

Code Orange, Yellow Warnings For Floods in W, NW Romania

13:24, 02 Ian. 2010
Romanian hydrologists on Friday issued orange and yellow code warnings targeting floods in the country’s western and northwestern regions, between 2 p.m. Friday and 2 p.m. Sunday.

Romania Beats Australia 2-1 At Hopman Cup

12:09, 02 Ian. 2010
Romania’s Sorana Carstea and Victor Hanescu have beaten Australia’s Samantha Stosur and Lleyton Hewitt 7-5, 6-1 Saturday in mixed doubles to give Romania a 2-1 win in the opener of the Hopman Cup teams tennis tournament held in Perth, Australia.

Romania Cigarette Prices Most Impacted By Excise Duty Hike In 2010

18:48, 30 Dec. 2009
The excise hike and the higher exchange rate used for computing excise duties as of January 1 would significantly impact cigarette and tobacco products prices, which are expected to grow by 14%, while the prices of the other excisable products would only register a single-digit growth.

Romanian GDP Seen Up On Higher Exports In 2010 – Analysts

17:50, 30 Dec. 2009
The Romanian economy is seen growing by an average of 1.2% in 2010, mainly supported by exports and the industry, while the constructions sector would continue to be the most impacted by the financial crisis, according to analysts polled by MEDIAFAX.

Romanian Farmers To Get State Guarantee Of Up To EUR2.5M For Loans

14:44, 30 Dec. 2009
Romanian farmers can take bank loans with a state guarantee of up to EUR2.5 million, Agriculture Minister Mihail Dumitru said Tuesday after a Cabinet meeting.

Romania’s Govt To Limit Budget Revisions – Draft Law

14:34, 30 Dec. 2009
Romania’s government will no longer be able to make more than two budget revisions during a year, and the budget won’t be revised in the first half of the year, according to the fiscal responsibility draft law.

Romanian Govt To Reduce Variable Salaries, Layoff Employees To Limit Staff Expenses

13:38, 30 Dec. 2009
The Romanian Government may not increase public sector salaries in the last six months of its term, but variable salary rights may be decreased in order to meet the quarterly limits on staff expenses, together with layoffs.

Romania’s Defense Council To Discuss Rosia Montana Gold Mining Project Based On Expertise

10:01, 30 Dec. 2009
Romanian President Traian Basescu said late Tuesday on OTV the country’s High Council for Defense (CSAT), which he heads, will discuss the gold mining project Rosia Montana when an expertise on it is ready.

Romania Nov Residential Building Permits -15.6% MM, -15.4% YY

10:01, 30 Dec. 2009
Romania issued 3,463 building permits for residential projects in November, down 15.6% compared with October, and 15.4% lower on the year, the statistics institute INS said Wednesday.

Romanian President Says Job Cuts In Education Target Substitutes, Pensioners

09:46, 30 Dec. 2009
Romanian President Traian Basescu said late Tuesday on OTV the government’s decision to scrap 15,000 jobs in the education system next year targets substitute teachers and retired teacher who continue to work.

Romania Nov Overdue Loans Up 11.5% MM To RON8B

19:02, 29 Dec. 2009
Romanian non-government overdue loans rose 11.5% on the month to 8 billion lei (EUR1=RON4.2099) in November, central bank data showed Tuesday.

Two Romanian Sailors Aboard UK-Flagged Tanker Captured By Somali Pirates

18:08, 29 Dec. 2009
Two Romanian sailors are aboard the UK-flagged ship St. James Park seized by Somali pirates in the Gulf of Aden, said Adrian Mihalcioiu, International Transporters Federation representative in Romania.

Romania PM Calls On Lawmakers To Debate Fiscal Liability Law With Urgency

17:58, 29 Dec. 2009
Romania’s Prime Minister Emil Boc on Tuesday said the fiscal liability law will be approved by the government and sent to Parliament, and called on lawmakers to debate the draft with urgency.

Romanian Govt Counts On Recent Measures To Cut Budget Spending To 2.5% Of GDP

17:03, 29 Dec. 2009
Romania’s government estimates its recent measures to freeze pensions, scrap several social facilities and defer some of its obligations will cut public spending by 13.5 billion lei (EUR1=RON4.2099), or 2.5% of GDP, and failure to adopt these measures would boost the budget deficit to 8.4% of GDP.

Romanian Clunkers Program To Continue In 2010 – PM

16:41, 29 Dec. 2009
The Romanian Government will continue the clunkers program in 2010, Prime Minister Emil Boc said Tuesday.

Romanian Senate To Hold Vote On Govt’s Ability To Pass Decrees During Parliament Recess

14:16, 29 Dec. 2009
Romanian senators will convene in extraordinary plenary meeting on January 6, 2010 to debate and hold a vote on the draft law regulating government’s ability to issue decrees during the Parliament’s recess, Senate’s quaestor Dumitru Constantin said Tuesday.

Romanian Parliament Holds Plenary Meeting To Adopt State Budget On Jan 11

13:39, 29 Dec. 2009
The Romanian Parliament will hold an extraordinary plenary meeting on January 11 to debate the 2010 state budget, Chamber of Deputies vice-president Ludovic Orban told MEDIAFAX Tuesday.

Moldovan News Agency BASA-press Closed Over Financial Crisis

13:37, 29 Dec. 2009
The Republic of Moldova’s independent news agency BASA-press will shut down as of January 1, 2010 because of the financial crisis, agency managers told MEDIAFAX.

Romanian Government Delays Implementation Of Mandatory Energy Certificate Law Until 2011

13:23, 29 Dec. 2009
The law stating real estate transactions in Romania would require an energy certificate will be enter force as of January 1, 2011, its implementation having been delayed by the Government through an emergency ordinance.

Romania’s Jobless Rate Seen At 9-10% Next Year Depending On Public Sector Adjustments – Analysts

13:11, 29 Dec. 2009
Romania’s jobless rate is seen rising to 9-10% next year from an estimated 8% this year and will largely depend on what measures the government takes in the country’s overstaffed public sector, analysts said.

Romania Defers Health Insurance Contribution Payments For Non-Taxable Pensions Until 2011

12:55, 29 Dec. 2009
Romania’s government decided to postpone until January 1, 2011 the payment from the state budget of health insurance contributions for retirees with pensions lower than 1,000 lei (EUR1=RON4.1997).

Romanian Self-Financed Public Institutions Exempt From Meal Voucher Ban

12:39, 29 Dec. 2009
Romanian public institutions financed entirely through their own means, such as schools and hospitals, will be allowed to grant meal vouchers to their employees, an exception to the rule imposed by the Government as of next year.

Romanian Sailors On UK-Flagged Tanker Seized In Gulf Of Aden – Media

12:37, 29 Dec. 2009
Romanian and Russian sailors are among the 26-member crew of UK-flagged tanker St. James Park, seized by Somali pirates in the Gulf of Aden while on its way to Thailand from Spain, Itar-Tass reported.

Romania’s Second Nuclear Pwr Plant To Have 1,000 MW, Seen Built Until ‘30

11:37, 29 Dec. 2009
Romania’s second nuclear power plant will have 1,000 MW and will be built until 2030, ten years later than authorities' previous estimations, according to an appendix to the 2010 budget of the Ministry of Economy, Commerce and Business Environment.

Romania’s Culture Ministry Requests Nearly RON690M From State Budget In 2010

20:55, 28 Dec. 2009
Romania’s Culture Ministry requests nearly 690 million lei (EUR1=RON4.1997) from the state budget to unfold its activity in 2010, according to the ministry’s 2010 draft budget.