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Romania Should Stop Financing Housing, Start Public-Private Partnerships – Govt Official

12:27, 05 Nov. 2009
Romania should stop allotting funds for building construction and the Development Ministry is working on a draft law regarding a public-private partnership between builders, town halls and banks, said Gheorghe Popescu, a director within the Ministry.

Romanian President Says Will Name Supreme Court Chief To Romanians’ Best Interest

12:01, 05 Nov. 2009
Romanian President Traian Basescu said Thursday on radio Realitatea FM he hasn’t received the file on Lidia Barbulescu, proposed to head of the country’s Supreme Court, but he will make a decision that will serve Romanians’ interests.

Romanian President To Promulgate Public Body Reorganization, Unitary Wage Laws

11:00, 05 Nov. 2009
Romanian President Traian Basescu Wednesday said he would promulgate the unitary wage law and the law on the reorganization of public institutions on Thursday.

Three Romanian Banks Signed Financing Agreements For Animal Breeders – President

10:09, 05 Nov. 2009
Romanian President Traian Basescu on Wednesday said local lenders CEC, BRD and BCR signed financing agreements with the country’s paying agency in agriculture APIA and the Farm Loan Guarantee Fund to ensure funding for animal breeders.

Romania’s Unirea Urziceni Draws 1-1 With Glasgow Rangers In Champions League

09:48, 05 Nov. 2009
Romania’s champion team Unirea Urziceni held Scotland’s Glasgow Rangers to a 1-1 draw Wednesday evening in Bucharest, in the fourth leg of the Champions League Group G.

Romania Meets IMF’s Loan Terms, With ‘Maybe’ One Exception – Official

20:22, 04 Nov. 2009
Romania has met almost all targets set for September of its EUR13 billion standby arrangement with the International Monetary Fund, with maybe one exception, IMF mission’s head Jeffrey Franks said Wednesday.

Romanian Pres To Appoint New, “Responsible”, Prime Minister

20:20, 04 Nov. 2009
Romanian President Traian Basescu said Wednesday in Romanian town Alexandria, at an electoral rally, that he will appoint a responsible prime minister, who would not cover the underhanded privatization dealings attempted by businesspeople and politicians.

Romanian Public Body Reorganization, Unitary Wage Laws Dubbed Constitutional

20:16, 04 Nov. 2009
The Romanian Constitutional Court Wednesday ruled that the Law on the reorganizing of certain public authorities and the public sector unitary wage law are constitutional.

Romanian Parliament Allows Caretaker Govt To Submit 2010 State Budget

16:46, 04 Nov. 2009
The Parliament Wednesday voted 259 to 4 and 120 abstentions to adopt a resolution requiring the country’s caretaker Government to submit the draft state budget for 2010.

Romanian Opposition Parties To Ask President To Designate Sibiu Mayor For PM

16:38, 04 Nov. 2009
Romanian social democrat leader Mircea Geoana said Wednesday, after Prime Minister-designate Lucian Croitoru lost a confidence vote in Parliament, President Traian Basescu will be asked to designate Sibiu mayor Klaus Johannis as prime minister.

Romanian Proprietatea Fund Sells 17.36% Stake In Centrofarm For RON6.8M

15:22, 04 Nov. 2009
Romanian investment fund Fondul Proprietatea Wednesday said it sold on the Bucharest Stock Exchange its 17.36% stake in pharmacy chain Centrofarm (CEOF.RO) for 6.83 million lei (EUR1=EUR4.3005).

Romanian PM-Designate Loses Confidence Vote In Parliament

15:16, 04 Nov. 2009
Romania’s Prime Minister-designate Lucian Croitoru lost a confidence vote in Parliament Wednesday as 250 lawmakers voted against his proposed government, leaving the country stuck in a political deadlock.

Romanians Are More Interested In Bank Card Design Than Security – MasterCard

13:46, 04 Nov. 2009
Romania’s bank card market has a high development potential as only half the country’s population has cards, but Romanians are more interested in what their card looks like than how safe it is, said Wednesday Denisa Mateescu, head of MasterCard Europe Romania.

AH1N1 Flu In Romania: 97 New Infections In 24h, 672 Total Cases, No Deaths

13:33, 04 Nov. 2009
In the last 24 hours, Romanian health authorities have confirmed 97 new cases of infection with AH1N1 flu, bringing the total number to 672, with no fatalities, according to official statistics.

Romania’s Healthcare System Ready To Cure All Swine Flu Cases – President

13:00, 04 Nov. 2009
Romanian President Traian Basescu on Wednesday said Romania cannot escape the swine flu pandemic because all European countries are faced with this illness, but stressed Romania’s healthcare system is ready to cure all cases of infection "if people immediately report any flu suspicions."

Romania To Lose Face If IMF Halts Loan – Designated PM

12:54, 04 Nov. 2009
A potential halt of Romania’s agreement with the International Monetary Fund would bear serious consequences for the country’s external credibility, more so than if the deal had never been signed, designated premier Lucian Croitoru said Wednesday.

Romania’s Government To Keep Car Renewal Program In 2010 – President

12:34, 04 Nov. 2009
Romanian acting President Traian Basescu said Wednesday during a visit to Mioveni, southern Romania, the Government will not discard its clunkers program in 2010, adding it might be upgraded by granting vouchers equaling the scrap bonus to companies.

Romanian Parliament Holds Confidence Vote On Croitoru Govt

11:09, 04 Nov. 2009
Romanian lawmakers met Wednesday morning to hold a confidence vote on the Cabinet proposed by Prime Minister-designate Lucian Croitoru.

Romania’s Sept Avg Net Salary Up 0.8% MM To RON1,359

10:46, 04 Nov. 2009
Romania’s net average salary was 1,359 lei (EUR1=RON4.3017) in September, up 0.8% from August, the National Institute for Statistics said Wednesday.

Romania To Supplement Funds For Medical Equipment, Medicines, Vaccines

09:39, 04 Nov. 2009
Romania’s High Council for National Defense (CSAT) decided in its meeting on the evolution of the AH1N1 flu virus to supplement funds for the purchase of medical equipment, medicines and vaccines and said the situation in Romania is under control.

Romanian Parliament Allows Ousted Govt To Draft ’10 Budget

20:44, 03 Nov. 2009
Romanian Social Democratic Party vice-president Dan Nica said Tuesday evening the social democrats, after consulting the liberals and Hungarian minority party UDMR, decided to propose the enactment of a Parliament Decision that would allow the ousted government to propose a draft budget for 2010.

AH1N1 Virus Pandemic Prompts Romanian National Defense Council Meeting

17:04, 03 Nov. 2009
The Romanian High Council for National Defense (CSAT) will reunite Tuesday afternoon, at the presidential palace, to analyze the evolution of the AH1N1 flu and the measures proposed by the government.

Germany’s TUI To Resume Operations In Romania As Of 2010 – Tourism Minister

16:52, 03 Nov. 2009
German Group TUI, one of the world’s leading tour operators, will resume operations on the Romanian market as of 2010 and Romania’s official holiday season will open on May 1 and close on October 1, as part of the conditions imposed by TUI, Romania's acting Tourism Minister Elena Udrea said Tuesday.

EC, WB Premise Loan Tranches To Romania On Wage Law Adoption – Sources

16:52, 03 Nov. 2009
The European Commission and the World Bank are not likely to sanction further loan disbursements to Romania unless the country adopts its pledged structural reforms, particularly in the public wage and pension sectors, people familiar with the matter told MEDIAFAX Tuesday.

Romania Must Be Ready For 3,300-6,000 Flu Fatalities – Former State Secretary

16:06, 03 Nov. 2009
Romania should be prepared for 3,300 to 6,000 fatalities because of the AH1N1 flu, Adrian Streinu Cercel, former state secretary with the Health Ministry, said Tuesday.

Romanian Parliament Raises Heating Aid Ceiling Back To RON615

15:13, 03 Nov. 2009
Romania's Chamber of Deputies decided Tuesday to raise the ceiling for state subsidy for heating bills to an income of 615 lei (EUR1=RON4.3017) per family member after the Senate voted in favor of the raise late October.

IMF Keeps Romania ‘09, ’10 Budget Gap Targets Unchanged

14:52, 03 Nov. 2009
The International Monetary Fund maintains its forecasts on Romania’s budget deficit unchanged at 7.3% of the gross domestic product this year and at 5.9% of the GDP in 2010, IMF mission’s head Jeffrey Franks said Tuesday.

EC: Political Uncertainty May Hinder Romania’s Economic Recovery

14:48, 03 Nov. 2009
The European Commission warned the current political noise could delay the enforcement of proposed public spending cuts and weaken Romania's economic recovery in a fragile external environment.

Romania Ctrl Bk Sets ’11 Inflation Target At 3%, From 3.5% In ‘10

14:47, 03 Nov. 2009
Romania’s central bank has set the annual inflation target at 3% in 2011, with a one percentage point variation band, down from the 3.5% rate targeted in 2010, the bank said in a flash note Tuesday.

Consultancy On SE Romania Harbor Dike Works To Cost Up To EUR2.7M

14:44, 03 Nov. 2009
The maritime harbor administration in Romanian seaside city of Constanta will organize in December an auction for technical assistance in the supervision of works at the offshore dike in the harbor, a contract worth an estimate EUR2.75 million, VAT excluded.

Romanian Central Bank Keeps Key Rate Unchanged At 8%

14:40, 03 Nov. 2009
Romania's central bank on Tuesday decided to keep the key monetary policy rate unchanged at 8% on the year, and to maintain the current levels of minimum requirements on both foreign currency-denominated and leu-denominated liabilities.

Romania Health Ministry State Secretary Quits

14:37, 03 Nov. 2009
Romania’s Health Ministry state secretary Adrian Streinu-Cercel resigned his position Tuesday, less than a month after he was appointed.

Romanian Lawmakers Reject Govt Emergency Decree Changing Referendum Law

14:34, 03 Nov. 2009
The Romanian Chamber of Deputies Tuesday rejected 198 to 83 votes a government emergency decree forcing Parliament to respond to the head of state's call for a national referendum within 20 days.

Romanian Senate Decides To Exempt From Tax Pensions Smaller Than RON1,200

13:36, 03 Nov. 2009
Romania's Senate adopted Tuesday a draft law exempting pensions lower than 1.200 lei (EUR1=RON 4.3047) from the 16% income tax.

EC Revises Up Romania’s 2010 GDP Growth To 0.5%

13:25, 03 Nov. 2009
The European Commission revised upward its forecast for Romania’s economic growth to 0.5% in 2010, a slight improvement from a zero growth rate previously envisaged, the Commission said in its autumn forecast Tuesday.

Romania Rompetrol Opens Another Two Gas Stations On A2 Highway

13:25, 03 Nov. 2009
Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, opened two gas stations Tuesday, one on each lane of the highway connecting capital city Bucharest to the southeastern town of Cernavoda, at kilometer 88+300, said the public roads authority CNADNR.

Romanian Unions Ask IMF To Keep Its Loan Money To Teach Politicians A Lesson

13:18, 03 Nov. 2009
Romanian unions have asked the IMF not to disburse a third installment of a EUR12.95 billion bailout loan to teach politicians a lesson and employers said such a move would cause the country’s economy to collapse.

Romania Should Not Tax Investors’ Bourse Pft Next Yr – Presidential Candidate

13:17, 03 Nov. 2009
Romania's social democrat presidential candidate Mircea Geoana on Tuesday said the authorities' last year decision not to tax capital market gains should be kept in 2010, to stimulate the stock market investments.

Romanian Social Democrat Head Pushes For Setting Up Of National Pharmaceutical Co

13:12, 03 Nov. 2009
Romanian social democrat leader Mircea Geoana on Tuesday said the setting up of a national pharmaceutical company to include state-owned pharmaceutical company Antibiotice Iasi (ATB.RO) and the Bucharest Cantacuzino Institute could attract additional financial resources.

Romanian Lawmakers Adopt Draft Law To Transfer Trade Registry To Chambers Of Commerce

12:12, 03 Nov. 2009
Romanian lawmakers adopted Monday a draft normative act regarding the transfer of Trade Registry’s offices from the Justice Ministry to Chambers of Commerce.