English

Romania’s Govt Approves Subway Company Metrorex’s Budget, Wage Increase

19:17, 11 Nov. 2009
Romania’s Government approved Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, including the wage increase decided at the end of last year, people close to the matter told MEDIAFAX.

EBRD: Romanian Banks Should Give More Loans In Lei

16:42, 11 Nov. 2009
Romanian lenders’ main challenge ahead is to offer long-term loans in Romanian lei, because is unhealthy for households and companies to be borrowing in foreign currency while their income is in lei, an official with the European Bank for Reconstruction and Development said Wednesday.

Romanian Died In Austria Likely Over Complications Caused By AH1N1 Flu – Press

15:50, 11 Nov. 2009
A Romanian national died in a hospital in Schwarzach, Austria, of a heart attack most likely due to complication caused by the A H1N1 virus, Austrian television Oe24 said on its website Wednesday.

Govt To Approve Subway Company Metrorex’s Budget Wednesday – Romanian Transport Min

15:44, 11 Nov. 2009
Romania's Government will approve Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, Transport Minister Radu Berceanu said Wednesday.

Over Half Of Romanian Parents Agree To Vaccinate Daughters Against Cervical Cancer

15:07, 11 Nov. 2009
Romania’s Health Ministry said Wednesday 52% of Romanian parents agree to have their daughters vaccinated against cervical cancer according to a poll conducted within the ministry’s information campaign targeting the disease.

Romanian Traditional Houses To Be Included Among Tourist Receiving Structures – Senate

14:58, 11 Nov. 2009
Romanian senators Wednesday adopted a law whereby tourist receiving structures would include traditional houses, whose owners handle the business directly, without a staff.

Romania Must Shift Focus To Performing Sectors Or Face Tax Hikes – Ctrl Bker

14:00, 11 Nov. 2009
The Romanian authorities can either redirect budget funds to better performing economic sectors or take the unpopular measure of hiking taxes in a move to consolidate public finances, central bank governor Mugur Isarescu said Wednesday.

Romania Energy Watchdog May Keep Household Power Prices Unchanged In Jan

13:14, 11 Nov. 2009
Romania’s energy regulatory authority ANRE on Wednesday said it will most likely keep household electricity prices unchanged as of January 1, though electricity producers and distributors requested price increases on lower consumption.

Romanian Parliament Allows Govt To Submit 2010 State Budget Draft

12:03, 11 Nov. 2009
Romania's Senate on Wednesday adopted with 93 votes in favor the draft amendments to the Law on the organization of the Government, empowering the Executive to send to the Parliament the 2010 state budget, social security budget and fiscal liability laws.

Romanian President Asks Parliament To Reexamine Law Against Human Trafficking

11:47, 11 Nov. 2009
Romanian President Traian Basescu called on the Parliament to reexamine the law on fighting human trafficking, remarking that because of an aggravating circumstance it implements, the punishment for the trafficking of minors is lighter than in the case of the regular crime.

Romanian Actor Gheorghe Dinica To Be Buried Friday At Bellu Cemetery In Bucharest

11:34, 11 Nov. 2009
Romanian actor Gheorghe Dinica, 75, who died Tuesday afternoon at the Bucharest Floreasca Emergency Hospital, will be buried Friday at the Bellu cemetery in Bucharest, on the Walk of Artists, next to the grave of famous Romanian folk artist Maria Tanase.

Traian Basescu, Mircea Geoana Among Contenders With Most Election Campaign Donations

11:15, 11 Nov. 2009
Romanian President Traian Basescu and social democrat head Mircea Geoana are among presidential contenders who obtained the most donations for their election campaign, according to the country’s election authority.

Romanian Ministries To Be Run By State Secretaries After Interim Terms Expire – President

11:01, 11 Nov. 2009
Romanian President Traian Basescu said Tuesday on national television that after the interim ministers’ terms will have expired, the ministries will be run be run by state secretaries.

Romanian President Says Country Is Recovering From Recession

10:56, 11 Nov. 2009
Romanian President Traian Basescu said late Tuesday on national television that the country appears to be recovering from the recession and may see economic growth in the first quarter of 2010.

Romania’s Oct CPI + 0.44% On Mo, +4.3% On Yr

10:50, 11 Nov. 2009
Romania's consumer price index rose by 44 basis points on the month in October, driven mainly by higher service and non-food prices, but the annual inflation slowed for the eighth consecutive month to 4.3%, the National Statistics Institute said Wednesday.

Romanian President Vows To Designate New Prime Minister If Negoita Cabinet Falls

10:22, 11 Nov. 2009
Romanian President Traian Basescu said Tuesday on national television that if the government formed by Prime Minister-designate Liviu Negoita gets a no-confidence vote in Parliament, he will then designate a new prime minister, other than Negoita.

Romanian President To Promulgate Citizenship Law Wednesday

19:46, 10 Nov. 2009
Romanian President Traian Basescu said Tuesday, on television station Etno TV, that Wednesday he will promulgate the citizenship law, approved by government emergency ordinance, adding that in 2009 there were more citizenships granted on this ordinance “than there were since 1990".

Romanian Government Takes New Shot At Pushing Pension Law In Parliament

19:44, 10 Nov. 2009
Romanian interim Prime Minister Emil Boc asked the Senate Tuesday to amend the law organizing the Government so that the dismissed Cabinet can enact the state budget for 2010 as well as the draft laws on fiscal liability and the unitary pension system, parts of the agreements concluded with the IMF.

Romania Is Past Economic Crisis Peak, Econ Growth expected In ’10 – President

18:39, 10 Nov. 2009
Romanian President Traian Basescu said Tuesday on public television Etno TV Romania is past the peak of the economic crisis, adding the population will have higher pensions and wages by 2014.

Romania Seeks EU’s Support To Delay Excise Duty Hikes Over Weak Leu

16:12, 10 Nov. 2009
Romania will ask the European Commission to allow it a lower increase in the annual excise duties in January next year, due to the leu’s significant depreciation against the euro over the past twelve months, interim Finance Minister Gheorghe Pogea said Tuesday.

Romanian President Doesn’t Want Parliament Dissolved, Will Seek New Majority

15:43, 10 Nov. 2009
Romanian President Traian Basescu said Tuesday he has not set out to dissolve the Parliament after presidential elections and will try to form a new majority if Romania doesn’t have a government until then.

Romania Might Implement Fourth Pension Pillar To Protect Elderly – State Secretary

15:35, 10 Nov. 2009
Romanian Labor Ministry state secretary Mihai Seitan said Tuesday that completing the reform of the pension system could also entail implementing a new pillar, Pillar 0, to protect elderly people.

Austria’s Erste Group, Two Associates To Grant Loans To Romanian Small Entrepreneurs

15:06, 10 Nov. 2009
Austria's Erste Group together with Erste Foundation and the Center for Economic Development will grant loans to Romanian small entrepreneurs in rural areas and in small cities, who do not have access to traditional bank services.

Romania 9-Mo Bad Loans Rise To 8.5% Of Total Lending Vs 3.5% In ’08

14:59, 10 Nov. 2009
Romanian loss-classified loans amounted to 8.5% of the total lending at the end of September, from 3.6% of the total loans in the same period the year earlier, central bank first deputy governor Florin Georgescu said Friday.

Romania Jan-Oct Budget Gap Rises To 5.2% Of GDP – Fin Min

14:51, 10 Nov. 2009
Romania’s consolidated budget deficit rose to 5.2% of the gross domestic product in at the end of October, interim Finance Minister Gheorghe Pogea said Tuesday.

EC May Clear EUR320M Guarantee For Ford Romania This Week

14:50, 10 Nov. 2009
The European Commission might approve this week the EUR320 million guarantee granted by Romania to US carmaker Ford, owner of local assembly plant Automobile Craiova, Competition Council head Bogdan Chiritoiu told a news conference Tuesday.

Romanian Proprietatea Fund GM Says OTC Listing Has Its Short-Term Advantages

13:56, 10 Nov. 2009
Trading the shares of investment fund Fondul Proprietatea on the Romanian Over-The-Counter (ROTC) alternative trading system created by the Brokers’ Association has obvious advantages, at least on short-term, the fund’s general manager Daniela Lulache said Tuesday.

Romanian Parliament Lower Chamber Allows Govt To Draft State Budget

13:54, 10 Nov. 2009
The Romanian Chamber of Deputies enacted Tuesday, with no cons and only two abstentions, the draft amendment to the Law organizing the government, enabling the dismissed Cabinet to draft the 2010 state budget and social security budget.

Romanian Actor Gheorghe Dinica Dies At 75

13:50, 10 Nov. 2009
Romanian actor Gheorghe Dinica, 75, died Tuesday afternoon at the Bucharest Floreasca Emergency Hospital where he was admitted three weeks ago.

Romanian Petrochemistry Needs State Aid To Revive – Interim Econ Min

13:25, 10 Nov. 2009
Romania’s petrochemical industry cannot revive without the aids or guarantees granted by the state to Rafo (RAF.RO) refinery and chemical plant Oltchim (OLT.RO), as 2010 will be a difficult year for the companies that need loans, Tuesday said interim Economy Minister Adriean Videanu.

Parent Banks’ Exposure To Romania Down By EUR700M From End-March – Ctrl Bker

12:48, 10 Nov. 2009
The parent banks of Romania’s top nine lenders have honored their commitments undertook in Vienna as regards to the local market, but their exposure to Romania is lower by EUR700 million compared to the end-March level, central bank's first deputy governor Florin Georgescu said Tuesday.

Romanian President Says Media Groups Are Used To Influence Political Decisions

12:17, 10 Nov. 2009
Romania’s President Traian Basescu said Monday many journalists sought refuge in communicating on the internet as they treasure their freedom of expression more than what newspapers paid them, adding media groups are used to influence political decisions and get economic favors.

About 200 Subway Employees Picket Romanian Govt HQ Demanding Wage Raises

12:06, 10 Nov. 2009
About 200 employees of Romania’s state-owned subway company Metrorex are picketing the Government’s headquarters Tuesday in protest that they can’t negotiate wages and a new collective labor contract, as their previous contract expired on November 1.

Romania To Freeze Prices Of Existing Medical Drugs – Drug Makers Association

10:28, 10 Nov. 2009
The Romanian Association of International Drug Producers said prices of medical drugs on the Romanian market will not go up, but warned the sub-financing of the country’s healthcare system might hinder patients’ access to short-term treatment.

Romanian President Can’t Dissolve Parliament Even If Reelected – Paper

10:02, 10 Nov. 2009
Romania’s future president, whoever he may be, won’t be able to dissolve the Parliament if it rejects a second proposed Government, because the president’s prerogatives in relation with Parliament only last throughout one term, Constitutional Court judge Ion Predescu told Romanian daily Gandul.

Romanian Actor Gheorghe Dinica In Critical Condition After Bile Duct Surgery

09:50, 10 Nov. 2009
Romanian actor Gheorghe Dinica, 75, who underwent bile duct laparoscopic surgery Monday evening, is in critical condition and is receiving complex medical treatment and care, the Bucharest Floreasca Emergency Hospital said in a press release Tuesday.

Romania Petrom 3Q Net Pft At RON615M, Dn 2% On Yr

09:45, 10 Nov. 2009
Romania’s largest oil company Petrom (SNP.RO) Tuesday reported a net profit of 615 million lei (EUR1=RON4.2968) in the third quarter, slightly down from RON626 million in the same period a year ago, on a 25% lower turnover.

Romania Should Not Buy AH1N1 Vaccine For Children – Former Health Minister

20:31, 09 Nov. 2009
Former Romanian Health Minister Ion Bazac said Romania should not buy the AH1N1 flu vaccine for children, which was rejected by Poland, and that the Government should make the terms requested by the producer public.

Romanian PM-Designate Presents Cabinet List, Includes Acting Ministers And One Independent

17:32, 09 Nov. 2009
Romanian Prime Minister-designate Liviu Negoita said he submitted to Parliament a Cabinet list of fourteen ministries, led by some of the current interim democrat liberal ministers, but also including independent Gabriel Oprea.

Romanian President To Celebrate Fall Of Berlin Wall With Son Of Martyr Hero

16:45, 09 Nov. 2009
Romanian President Traian Basescu said Monday before leaving for Berlin, Germany, to attend the events celebrating 20 years since the fall of the Berlin Wall, that he decided to take along a young Romanian student whose mother was killed in the anti-communist revolution of 1989 in Romania.