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Romanian Cos Undergoing Insolvency Have Cumulated Debts Of EUR2.5B

13:34, 17 Mart. 2010
Romania’s 32,00 companies that started insolvency procedures last year have cumulated debts of EUR2.5 billion, of which only about 10% was recovered last year, said Wednesday Arin Stanescu, head of the country’s union of insolvency practitioners UNPIR.

Romania Might Enforce Mandatory Home Insurance Law As Of July 1

13:31, 17 Mart. 2010
The law forcing Romanian homeowners to insure their homes against natural disasters might be enforced as of July 1 if PAID, the company issuing mandatory home insurance policies, manages to conclude the reinsurance contract with reinsurance brokers, PAID head Marius Bulugea said Wednesday.

Specialists Determine Bomb Threat On Romanian Timisoara Airport Was False Alarm

10:45, 17 Mart. 2010
Bomb squads, Police and Antiterrorism Department officers said Wednesday that the bomb threat on Timisoara Airport in western Romania was false.

Romania’s PM Says Govt Will Sell Minority Stakes

10:07, 17 Mart. 2010
Romania’s Government plans to sell its minority stakes in several companies and use the funds to finance investment projects, Prime Minister Emil Boc said Tuesday, even though the economy minister has recently stated that these stakes would not be sold.

Bomb Threat On Plane In Romanian Airport

09:23, 17 Mart. 2010
Romanian anti-terrorist teams are currently checking an airplane on Timisoara International Airport, western Romania, after its captain announced there was a bomb aboard.

Romanian State To Open EUR500 Education Accounts For Newborns – Draft Law

20:02, 16 Mart. 2010
The Romanian State will open for each newborn child an education fund representing the equivalent of EUR500 in lei, according to the new draft education law.

Romanian PM Reiterates Measures To Uphold Business Environment, No New Elements

19:56, 16 Mart. 2010
Romanian Prime Minister Emil Boc Tuesday presented once again, during a meeting held in Parliament, the measures to uphold the business environment in 2010, that were already announced at the end of 2009 in the government program.

Romanian Social Democrats Submit Motion Against Labor Min

18:00, 16 Mart. 2010
The Romanian Social Democratic Party (PSD) submitted Tuesday with the Chamber of Deputies a simple motion against Labor Minister Mihai Seitan, said social democrat deputy Valeriu Zgonea before debates in Parliament.

Romanian Bks May Enforce Account Transfer Rules On Apr 1 – Assoc

17:52, 16 Mart. 2010
The Romanian lenders’ common rules on bank accounts' mobility are about to be approved by the central bank and will come into effect on April 1, Constantin Rotaru, counselor with the banking association ARB, said Tuesday.

Cos In Romania Might Submit All Fiscal Statements Via e-Guvernare Until End-2010

17:44, 16 Mart. 2010
Companies in Romania might be able to submit all fiscal statements via a specific system on www.e-guvernare.ro until the end of 2010, as an inter-ministry committee is already working on the project, said Andrei Haas, head of the General Department of Large Taxpayers within tax authority ANAF.

Luxury Fashion Retailers Armani, Zilli To Enter Romanian Mkt In 2010

17:42, 16 Mart. 2010
Luxury fashion brands Emporio Armani and Zilli will enter the Romanian market this year, through franchise agreements, while Hermes and Burberry stores might be opened in 2011, according to Oliver Petcu, general manager of consultancy firm CPP Management Consultants.

Romanian Parliament To Join “Earth Hour” Initiative

17:07, 16 Mart. 2010
The Romanian Lower Chamber approved Tuesday a memo according to which the festive lighting of the Parliament Palace will be ceased for one hour, on March 27, as a gesture to mark "the need for action against climate change".

Romania’s Luxury Goods Market Dn Up To 35% In ’09, To EUR350M – Research

17:03, 16 Mart. 2010
Romania’s luxury goods market was down by 30%-35% in 2009, to EUR350 million due to the economic crisis, consultancy firm CPP Management Consultants general manager Oliver Petcu said Tuesday.

Romania Govt, Transporters Conclude Protocol, Protests Dropped

17:01, 16 Mart. 2010
Representatives of the Romanian Government and those of transporter union COTAR signed Tuesday a protocol to solve the claims of the union, which added protests planned for this week will be dropped.

Romania Tourism Min Lobbies At Austrian Niki Lauda For Future Vienna-Constanta Flight

16:59, 16 Mart. 2010
Romania’s Tourism and Regional Development Minister Elena Udrea on Tuesday proposed to Austrian businessman Niki Lauda, whose airliner Fly Niki entered the Romanian market in February, to also operate a flight on the route Vienna, Austria, to Constanta, on the Romanian Black Sea coast.

Trade Register: 4,100 Romanian Cos Entered Insolvency In 2010

16:41, 16 Mart. 2010
The number of companies that started insolvency procedures in the first to months of 2010 exceeded 4,100, 35% more than in the same period a year earlier, according to data of the Romanian Trade Register Office, or ONRC.

Romanian Senate Headship OKs Setup Of Committee To Check Transp Min Activity

16:03, 16 Mart. 2010
The Romanian Senate’s Standing Office on Tuesday approved the setting up of a committee to look into the activity unfolded by the country’s Transport Ministry from 2005 to 2009.

Romanian Subway Union Decides Wednesday Whether To Hold Planned Strike

14:53, 16 Mart. 2010
Union leaders with Romania’s state-owned subway company Metrorex will decide Wednesday whether or not to go on strike Thursday, as they had planned, union leader Ioan Radoi told MEDIAFAX Tuesday.

Romania February Inflation 2nd Highest In EU

14:48, 16 Mart. 2010
Romanian annual inflation came in at 4.5% in February, the second highest rate in the European Union, official data showed Tuesday.

Romania’s CEZ Distributie To Cut 110 Jobs In ’10

14:12, 16 Mart. 2010
Romanian electricity distributor CEZ Distributie will cut 110 jobs in 2010, representing over 7% of the staff, the company’s general manager Doina Vornicu told MEDIAFAX Tuesday.

Romania Confirms Highly Pathogenic Bird Flu Virus – EC

14:08, 16 Mart. 2010
Romania has confirmed a highly pathogenic bird flu outbreak at a poultry farm in Letea, the southeastern county of Tulcea, the European Commission said in a press release Tuesday.

Romanian Govt To OK Subway Co’s 2010 Budget, Strike Could Be Avoided – Transport Min

13:35, 16 Mart. 2010
Romania's Government will approve Wednesday the 2010 budget of state-owned subway company Metrorex and some of the employees’ wage bonuses will be included in their basic salary, Transport Minister Radu Berceanu said Tuesday.

Romanian Court Denies Parole To Mayor Arrested For Corruption

12:17, 16 Mart. 2010
Antonie Solomon, mayor of Romania’s southern city of Craiova, suspended from public office following his arrest on corruption charges, remains in custody as the court denied his request for parole Tuesday.

Romanian Students Call Off Protests, Eager To Sign Partnership With Education Minister

11:49, 16 Mart. 2010
The National Union of Students in Romania (UNSR) said it will suspend protest actions planned this week and will sign a partnership with Education Minister Daniel Funeriu meant to solve their demands.

Romanian Auto Mkt Dn 63% In New Car Registrations In Feb, Sharpest Decline In EU

11:35, 16 Mart. 2010
Romania’s auto market registered the sharpest decline in the European Union in February, as the number of new car registrations decreased 63% compared to February 2009, while the EU market increased 3%.

Romanian Govt To Allot RON1.9B Until 2013 To Implement e-Romania National Strategy

11:06, 16 Mart. 2010
The Romanian Government will allot 1.9 billion lei (EUR1=RON4.0898) in the 2010 and 2013 interval to implement the e-Romania national strategy which aims to ease online communication between public administration and taxpayers, the Communications Ministry said in a press release Monday.

Romanian Pres Pleads For Administrative-Territorial Reorganization

20:19, 15 Mart. 2010
Romanian President Traian Basescu said Monday, after consultations on the revision of the Constitution, that he would agree with an administrative reorganization of Romania, which would favor the financing of regional projects.

Renault To Launch Dacia Sandero Running On Bioethanol In France

19:56, 15 Mart. 2010
Car maker Renault announce Monday the launch, on the French market, of a bioethanol version of the Dacia Sandero model, made by the Dacia plant in Romanian city Pitesti.

X-Trade Brokers: Greece’s Crisis Unlikely To Seriously Affect Romania

16:46, 15 Mart. 2010
Romanian economy is unlikely to be seriously affected by Greece’s financial problems, and one of the elements to support this theory is the recent ratings actions of international agencies, brokerage house X-Trade Brokers said Monday.

Some 7M Romanian Lending Contracts To Undergo EU Imposed Amendments

16:24, 15 Mart. 2010
The amendment of the Romanian legislation on the loans taken out by individuals will have an impact on over seven million contracts concluded with banks, according to consumer protection authority (ANPC) president Constantin Cerbulescu.

Romanian President Says Constitution Revision Should Go Beyond Issues Addressed In Referendum

16:24, 15 Mart. 2010
Romanian President Traian Basescu said Monday the country’s Constitution should be revised beyond the questions raised in a national referendum regarding Parliament and should include clearer state power separation limits.

One In Three Unemployed Romanians Has Been Jobless For More Than One Year

16:05, 15 Mart. 2010
One in three unemployed people in Romania has been jobless for more than one year, a level similar to that reported overall in the EU, where the risk of long-term unemployment is significant, leading to increased social exclusion and poverty, according to a Eurostat study.

IMF Chief To Visit Romania March 30

15:29, 15 Mart. 2010
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, will visit Bucharest on March 30, as part of his tour to Europe, an IMF official said Monday.

Romanian Labor Min Mulls Lowering Retirement Age For Mothers

15:27, 15 Mart. 2010
The Romanian Ministry of Labor could agree to reduce the retirement age for women who have children and a proposition will be made in this respect by Labor Minister Mihai Seitan in his meeting with Prime Minister Emil Boc on Friday.

Over 11,000 Romanian Transporters To Protest Before Govt Wednesday, Thursday

14:29, 15 Mart. 2010
More than 11,000 Romanian transporters will protest on Wednesday and Thursday between 11 a.m. and 3 p.m. before the Government, demanding fines against unlicensed transport firms, extending authorizations to 2016 and a single law on transports.

EC Hopes To Release Justice Report On Romania Next Week

14:13, 15 Mart. 2010
The European Commission hopes to adopt its interim justice reports on Romania and Bulgaria next week, Commission spokesman Mark Gray said Monday, adding the reports will be factual and won’t include political assessments.

Romanian President Tells Ethnic Hungarians They Should Be Proud Of Romanian Citizenship

13:37, 15 Mart. 2010
President Traian Basescu on Monday sent a message for ethnic Hungarians in Romania who celebrate on March 15, alongside all Hungarians, the National Day of Hungarians Everywhere, saying they should also be proud to be Romanian citizens as well.

Romania Budget Revenue Back On Track As Of March – Fin Min

12:48, 15 Mart. 2010
Romanian budget revenue in the first two months was slightly below the planned level, but the figures are seen within the target starting with March 2010, Finance Minister Sebastian Vladescu said Monday.

EC Justice Report On Romania Expected These Days – Justice Minister

12:28, 15 Mart. 2010
The European Commission is expected to release its interim report on progress in Romania’s justice sector “these days”, Justice Minister Catalin Predoiu said Monday.

Decisions Made By Szeckler County Officials Should Be Ignored – Romanian Interior Min

11:14, 15 Mart. 2010
Romanian Interior Minister Vasile Blaga said Monday the initiators of the draft decisions approved Friday by the Assembly of Local Officials in the Szeckler county are not representatives of any institutionalized forum and therefore they should be ignored.