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Romania Fin Min: Public Institutions To Apply Program Targeting Nearly 100,000 Layoffs

12:33, 14 Ian. 2010
Romania’s Finance Minister Sebastian Vladescu on Thursday declined to comment on planned layoffs in the public administration sector, and said public institutions will have to apply a program meant to sack nearly 100,000 public sector employees.

Romanian Carmaker Dacia Plans To Develop Two New Models – Manager

11:12, 14 Ian. 2010
Romanian carmaker Automobile Dacia plans to design and produce two new models, sales manager Fabrice Cambolive told a news conference Thursday.

Romanian Carmaker Dacia Sold Over 311,000 Cars In 2009, Up 20.5% YY

10:12, 14 Ian. 2010
Romanian carmaker Dacia, a unit of France’s Renault, sold 311,282 cars last year, 20.5% more than in 2008, but its sales in Romania declined more than 50%, to 41,862 cars, the company said Thursday.

Romania Plans To Cut Staff Spending By EUR100M Through Public Admin Layoffs

20:33, 13 Ian. 2010
Romania’s government estimates to cut staff costs paid out from local budgets by RON471.5 million (EUR114.4 million) in 2010, by sacking nearly 17,000 local administration employees, which will save nearly RON550 million over the next four years.

Romania 2009 New Car Registrations Fall 60% YY To 116,012 Units

17:15, 13 Ian. 2010
Romanian new car registrations fell 59% on the year to 116,012 vehicles in 2009, from 285,500 vehicles the year earlier, Interior Ministry data showed Wednesday.

Japan To Lend EUR315M To Romania For Bucharest Train Station-Airport Subway Line Project

17:13, 13 Ian. 2010
The Japanese Government will grant a loan of JPY41.87 billion (nearly EUR315 million) to Romania for the construction of a subway line reaching the international airport in Otopeni, outside capital city Bucharest, Romania’s Transport Ministry said Wednesday.

Romania’s Tourism Min Sacks National Housing Agency General Manager

17:07, 13 Ian. 2010
Romanian Regional Development and Tourism Minister Elena Udrea Wednesday dismissed National Housing Agency (ANL) general manager Jean Vraciu over procurement plans and cancelled the agency’s procedure to buy off-road vehicles.

Romania Ctrl Bk: Pawnshops Not Allowed To Grant Loans With Realty Assets As Collateral

15:05, 13 Ian. 2010
Pawnshops in Romania are allowed to accept only movables as collateral for the loans they grant, and the pawns will be kept until the loan is paid back, the central bank said Wednesday, in response to media information alleging several pawnshops grant loans with real estate assets used as collateral.

Romanian MP Drafts Law Introducing 0.5% Wealth Tax On Net Worth Topping EUR500,000

14:54, 13 Ian. 2010
Romanian social democrat lawmaker Mugurel Surupaceanu submitted with the Chamber of Deputies’ Standing Office a draft law introducing a wealth tax whereby households pay an annual 0.5% on net worth of more than EUR500,000.

Saxo: Romanian Leu To Slide To 4.84 Units/Euro If IMF Terms Not Met

14:53, 13 Ian. 2010
Failure to implement the structural reforms required by the International Monetary Fund under a EUR13 billion loan agreement would push Romania’s leu to 4.84 units per euro in twelve months time, officials of Danish lender Saxo Bank said Wednesday.

Romania Registers 96 Deaths, 6,255 AH1N1 Infections

13:21, 13 Ian. 2010
Romania registers 96 fatalities and 6,255 infections with the AH1N1 flu virus, as two deaths and 34 new infections have been reported over the past 24 hours, Romania’s Health Ministry said Wednesday.

Romania Fin Min: Eurobond Issue Won’t Sidetrack 2010 Agenda

11:17, 13 Ian. 2010
Romania’s planned eurobond issue of EUR1 billion is not a deviation from the nation’s financing agenda for 2010 and its main purpose is to finance the budget gap and tap into additional markets, Finance Minister Sebastian Vladescu said Wednesday.

Romania’s Freight Rail Co CFR Marfa Axes Jobs, Freezes Wages, Sheds Bonuses To Cut Costs

10:41, 13 Ian. 2010
Romania’s state-owned freight railway company CFR Marfa will cut over 217 million lei (EUR1=RON4.1355) in costs this year by laying off staff, not granting any wage bonuses, freezing wages for remaining employees and not outsourcing rail repair works, according to the company’s restructuring plan.

Romanian Lawmakers Adopt Amendment Cutting Public Health Insurance Contribution to 5.5%

20:03, 12 Ian. 2010
Romanian lawmakers unanimously adopted the amendment approved by the commissions for budget and finance which cut the contribution to the public health insurance system to 5.5% from 6.5%.

Notary Fees For Bucharest Apartment Transactions Dn 30%-40% In 2010

17:50, 12 Ian. 2010
The notary fees for transactions with Bucharest apartment would decrease by 30%-40% this year, due to the downfall of the real estate market, according to the informative value guidebook of real estates for 2010.

Romanian Leu Ends 0.4% Weaker Vs Euro, Attuned To Region

17:47, 12 Ian. 2010
The Romanian leu lost wind against the euro in late trade Tuesday, in line with the currencies in the region, and ended nearly 0.4% weaker on the day at RON4.14/RON4.142 to the European currency.

Romania 90 Days Overdue Loan Payments Up 3% MM To RON2B In Nov

16:03, 12 Ian. 2010
Romanian payments overdue by more than 90 days for loans of at least 20,000 lei (EUR1=RON4.1355) rose 3.2% on the month in November to RON2.04 billion, central bank data showed Tuesday.

Romanian Retirees Threaten Radical Protests This Year If Pensions Frozen

15:33, 12 Ian. 2010
Romanian Pensioners’ Union Federation called on the Parliament and Government to observe Law 250/2007 setting the pension point at 45% of the average gross wage, threatening to resort to radical protests this year.

Bucharest City Hall To Subsidize Heating Costs Following Price Hike – Mayor

14:45, 12 Ian. 2010
Sorin Oprescu, mayor of Romanian capital Bucharest, said Tuesday that the City Hall would cover the 8.3% hike in heating costs, so the price would be unchanged for consumers.

Romanian Ex General Mihai Chitac To Discontinue Jail Term For Two Months On Medical Grounds

13:47, 12 Ian. 2010
The Romanian Military Court of Bucharest decided Tuesday to release former General Mihai Citac from prison for two months, starting February 15, when he is scheduled for surgery.

Romanian Leu Rises Vs Euro, Exch Rate Hits New High At 4.1355

13:29, 12 Ian. 2010
The Romanian leu advanced slightly versus the euro in mid trade Tuesday and the central bank’s reference gained 0.07% on the day at RON4.1355, a fresh eight-month high.

Romania Registers 92 Deaths, 6,218 AH1N1 Infections

13:21, 12 Ian. 2010
Romania registers 92 fatalities and 6,218 infections with the AH1N1 flu virus, as seven deaths and 41 new infections have been reported over the past 24 hours, Romania’s Health Ministry spokesperson Oana Grigore said Tuesday.

Over 133,000 Romanian Cos Suspended Operations In 2009

13:01, 12 Ian. 2010
Over 133,000 companies in Romania suspended business operations in 2009, 11-fold higher compared with a year before, according to the National Trade Registry Office, or ONRC.

Romania’s Bank Card Online Payments Up 75% In ’09, To EUR92.8M

12:55, 12 Ian. 2010
Romania’s bank card online payments increased by 75% in 2009 compared to 2008, to EUR92.8 million, according to data offered by electronic commerce and card processing center RomCard, cited by Gecad ePayment.

Faithless To Headline Romania’s 2010 Edition Of B’estfest Festival In July

12:27, 12 Ian. 2010
This year’s edition of Romania’s B'estfest music festival will take place on July 16, 17 and 18 in capital Bucharest and the first confirmed headliner is the British electronic band Faithless, organizers said Tuesday.

Romania To Have State Budget Adopted By Jan 15 – PM

11:52, 12 Ian. 2010
Romania’s Prime Minister Emil Boc said Tuesday morning the country will have its state budget adopted by January 15.

Romania Fails To Capitalize On A Flexible Exchange Rate – ING

11:02, 12 Ian. 2010
Romania has failed to “fully exploit” the advantages of a flexible exchange rate in 2009 and its economy declined more abruptly compared to the average registered in countries with a floating exchange rate, ING Bank said in a report Tuesday.

Romania’s Dec CPI + 0.32% On Mo, +4.74% On Yr

10:29, 12 Ian. 2010
Romania's consumer price index rose by 32 basis points on the month in December, driven mainly by higher food and tobacco prices, while the annual inflation widened to 4.74%, above the central bank’s target, the National Statistics Institute said Tuesday.

Romanian Lawmakers Allow Govt To Pass Decrees During Parliament Recess

09:40, 12 Ian. 2010
Romania’s Chamber of Deputies Monday adopted the draft law regulating the Government's ability to issue decrees during the Parliament’s recess.

Romania’s Chamber Of Deputies Ratifies Small-Scale Border Traffic Treaty With Moldova

09:37, 12 Ian. 2010
The Romanian Chamber of Deputies Monday adopted the law ratifying the Agreement on Small-Scale Border Traffic between Romania and the Republic of Moldova, which stipulates visa-free access for both countries' citizens.

Romanian Independent Lawmakers Group To Vote For Draft 2010 State Budget

20:30, 11 Ian. 2010
Romania’s Defense Minister Gabriel Oprea said Monday that the independent group of lawmakers in Parliament will vote for the draft budget for 2010.

Romanian National Minorities Parliament Group To Vote For 2010 State Budget

20:26, 11 Ian. 2010
The national minorities group in the Romanian Parliament will vote for the 2010 state budget and deputies representing minorities “will do everything in their power” to annul all the measures which led to economic depression, group leader Varujan Pambuccian said Monday.

Romanian Democrat Liberals To Vote For Draft 2010 State Budget

20:25, 11 Ian. 2010
The Romanian Democratic Liberal Party (PDL) parliamentary groups will vote for the 2010 state budget, PDL deputy Nicolae Bud said Monday, adding that the draft is not perfect, but is in accordance with the International Monetary Fund and European Commission loan agreement.

Chinese Chery Automobile’s Romanian Mkt Entry Postponed For Sept

19:58, 11 Ian. 2010
The Romanian market entry of Chinese carmaker Chery Automobile, planned for the beginning of this year, has been postponed for September pending its Euro 5 models and certification that the Chinese cars are compatible with European standards.

Romanian Healthcare Unionists Urge Health Min To Grant Overtime Pay To Doctors

19:07, 11 Ian. 2010
Romanian union confederation Cartel Alfa and the Romanian Doctors’ Federative Chamber urge the Health Ministry to grant overtime pay to doctors, threatening protests.

Romanians With Income Exclusively From Copyright To Pay Social Security Contributions – Labor Min

17:39, 11 Ian. 2010
Romanian Labor Minister Mihai Seitan said Monday that, under the draft pension law, people whose income comes exclusively from copyright would no longer be exempt from paying social security contributions, but that the measure would not apply to those who also have labor contracts.

Romania’s High Council Of Magistrates Elects New President

16:04, 11 Ian. 2010
Romanian judge Florica Bejinaru Monday was unanimously elected president of the High Council of Magistrates, defeating the two other contenders, namely judge Ana Labus and deputy general prosecutor Liviu Dascalescu.

Erste Sees Romanian Bourse Soaring In 2010 On Lower Risk Aversion

15:55, 11 Ian. 2010
Romania will lead the way for stock market growth among Central and Eastern European nations in 2010, on further reduction in risk aversion, according to a report from Erste Bank.

Romania 6-Mo Econ Outlook Brightens On Stronger Markets – Survey

14:51, 11 Ian. 2010
Romanian economic outlook for the next six months brightens up, with analysts expecting both financial and stock markets to improve in the first part of 2010, according to a survey of the ZEW German institute.

Romania’s Hungarian Minority Party Lawmakers To Vote For 2010 Budget – Party Leader

14:05, 11 Ian. 2010
The leader of the Democratic Union of Hungarians in Romania, Marko Bela, said Monday the party’s lawmakers will vote for the draft budget for 2010, despite it being austere.