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Romanian Govt Faced With Tough Choices If IMF Halts Payment – Pres

15:27, 16 Oct. 2009
Romanian President Traian Basescu said Friday on national radio station RRA that if Romania does not receive the money from the IMF and EU, any government, approved or provisional, will have to decide "where to cut payment," a choice between paying salaries and wages, or paying for investments.

Romania’s President Deems Ctrl Bk Governor As Ideal PM

14:30, 16 Oct. 2009
Romania’s acting President Traian Basescu said Friday on public radio central bank governor Mugur Isarescu would have been the best option for prime minister, but the current economic crisis does not allow such a move.

Romanian Govt Does Not Support Memo On Reopening International Adoption

14:23, 16 Oct. 2009
The memorandum put forward by the Romanian Adoption Office (ORA), asking for the reopening of international adoptions, is this institution’s point of view, which is not shared by the Emil Boc Cabinet, the Romanian Government announced Friday.

Romania’s President To Nominate Politician As PM If Parliament Rejects Technocrat Croitoru

11:08, 16 Oct. 2009
Romania’s acting President Traian Basescu said Friday he will nominate a second prime minister “from the party with the largest number of lawmakers” if a Government led by Lucian Croitoru is not accepted in Parliament, and refrained from naming the party and the precise person.

Romanian President Set To Sign Referendum Decree Despite Parliament’s Opposition

10:53, 16 Oct. 2009
Romania's acting President Traian Basescu said he would sign the decree on organizing a national referendum to downsize the country's Parliament to a single chamber and fewer lawmakers, despite the Parliament’s vote of disapproval.

Romanian Govt May Have Trouble Paying Salaries And Pensions In Nov, Dec – PM

21:02, 15 Oct. 2009
The Romanian Government has no problem paying salaries and pensions at the moment, but may run into difficulties towards the end of November, should certain commitments taken before the IMF not be met, acting Prime Minister Emil Boc said Thursday.

Romania’s Budget Gap Reached 5.04% Of The GDP On Oct 1 – Acting PM

20:56, 15 Oct. 2009
Romania’s general consolidated budget gap grew to 5.04% of the GDP on October 1, said acting Prime Minister Emil Boc Thursday.

Some 10% Of Romania’s Work Force Went Abroad

20:53, 15 Oct. 2009
Some 8-10% of the Romanian population aged between 15 and 64 is left to work abroad, namely 2.7 million people, and Romania needs immigration policies for those working abroad, for those coming back and for regional development.

Romanian Designated PM Discusses Government Issues With Current PM

19:37, 15 Oct. 2009
Romanian designated Prime Minister Lucian Croitoru told MEDIAFAX, after talking to active Prime Minister Emil Boc, that he reviewed the government’s current issues and will begin consultations with political parties Friday to form a new government.

Deisgnated PM, Proposed Govt To Face A Parliament Immune To Dissolution

18:21, 15 Oct. 2009
The Romanian Parliament is forced to validate a Government, if it gets the chance before the presidential elections and if it wants the provisional Boc Government gone, while the Parliament cannot be dissolved in the final six months of a president’s mandate.

IMF To Visit Romania After New Govt In Place – Official

17:16, 15 Oct. 2009
The International Monetary Fund on Thursday said it will send a mission to Romania for its second review related to a EUR13 billion standby loan as soon as the country will have a new government.

Romanian Liberal Leader Deems President’s PM Choice “Irresponsible”

16:40, 15 Oct. 2009
Romanian Liberal Party leader Crin Antonescu said Thursday that President Traian Basescu’s decision to appoint Lucian Croitoru Prime Minister is “irresponsible” and will prolong the crisis.

Romanian SMEs Guarantee Fund May Guarantee 80% Of Developers Loans

16:38, 15 Oct. 2009
Romania's SMEs loans guarantee fund FNGCIMM is in talks with several banks for launching a product by which developers’ loans would be 80% guaranteed by the fund, if they signed pre-contracts for 75% of the surface.

Romanian Social Democrat Leader To Challenge President’s Decision For PM At Constitutional Court

15:15, 15 Oct. 2009
Romanian social democrat leader Mircea Geoana said Thursday, after President Traian Basescu appointed Lucian Croitoru as prime minister, the head of state will thus prolong and deepen the crisis, adding he might challenge the president’s decision at the Constitutional Court.

IMF Defers Review Mission To After New Govt Is Formed – Romanian President

15:05, 15 Oct. 2009
The International Monetary Fund has postponed a second review mission to Romania for after the new government is formed, Romanian President Traian Basescu said Thursday.

Romanian Bks Need Macroeconomic Adjustment To Lower Rates – Ctrl Bker

14:51, 15 Oct. 2009
Romania’s banking system will not be able to reduce interest rates without a prior macroeconomic adjustment that would lower the inflation and would stabilize the exchange rate, according to Ion Dragulin, head of the central bank’s financial stability department.

EBRD Revises Up Romania GDP Growth Forecast At 1% In ‘10

14:38, 15 Oct. 2009
The European Bank for Reconstruction and Development Thursday revised up its forecast on Romania’s economic growth next year to 1%, from a 0.4% advance previously estimated.

Romanian President Nominates Ctrl Bk Governor’s Advisor As PM

14:20, 15 Oct. 2009
Romanian President Traian Basescu on Thursday nominated Lucian Croitoru, an advisor of the central bank Governor, as Prime Minister.

Romanian Democrat Liberals Forward PM Proposition To President – Sources

11:49, 15 Oct. 2009
Romanian democrat liberals forwarded a proposition for prime minister to President Traian Basescu, who is likely to make an announcement in this respect around noon, sources close to the matter said Thursday.

Romanian Premier Urges Compliance With Intl Pacts For Salary, Pension Pay

10:23, 15 Oct. 2009
Prime Minister Emil Boc said Wednesday evening, at Realitatea TV station, that Romania's non-compliance with its international agreements could make impossible the payment of salaries and pensions.

Romania Needs A PM With Economic Background – Pres

20:42, 14 Oct. 2009
Romanian President Traian Basescu said Wednesday that Romania currently needs a prime minister with economic experience, in connection with the banks and the international financial and economic institutions.

Romanian President Asked Parties To Continue Talks On PM Nomination Until Tomorrow

20:33, 14 Oct. 2009
Romanian President Traian Basescu said on Wednesday that he has asked the parties to continue discussions on nominating a new prime minister “until tomorrow around noon.”

Romanian Pres OKs Law Regulating Food Product Supplier, Vendor Relations

19:47, 14 Oct. 2009
Romanian President Traian Basescu signed on Wednesday the decree promulgating the Law on the sale of food products.

Romanian Pres Disagrees With Appointing A Technocratic Government

19:17, 14 Oct. 2009
Romanian president Traian Basescu told political parties, in the meeting held at the presidential palace, that they should assume government, because a government of technocrats is not suitable in a context where democracy is guaranteed in Romania.

Romanian Pres Pleads For National Union Government

19:16, 14 Oct. 2009
Romanian President Traian Basescu said Wednesday, in consultations with the political parties, that “he suggests” a national union government, to prevent parties from pointing fingers at each other.

Local Taxes In Romanian Capital To Rise 15% As Of 2010

19:15, 14 Oct. 2009
Inhabitants of Romania’s capital, Bucharest, may pay 15% higher local taxes in 2010, up to 15.49% more for buildings, depending on their location and the materials they are made up of, according to a City draft law.

Romanian Opposition Initiates Bill To Scrap Lawmakers’ Privileged Pensions

16:49, 14 Oct. 2009
Romanian social democrat, liberal and Hungarian minority lawmakers have initiated a bill to amend the statute of lawmakers and eliminate their privileged high pensions, social democrat leader Mircea Geoana said Wednesday.

Romanians Deem Saving Important, 60% Have No Funds Saved – Survey

16:48, 14 Oct. 2009
Around 83% of Romanians respondents to an IMAS International survey say that saving is important, but over 60% of participants have not saved money so far, and do not expect an improvement in the next five years.

Romanian President Tells EU Ambassadors He Wants PM Familiar With IMF

16:22, 14 Oct. 2009
Romanian President Traian Basescu, who is expected to nominate a new prime minister after the government collapsed Tuesday, told EU ambassadors Wednesday he is thinking of appointing someone who “speaks the IMF’s language”, people at the meeting told MEDIAFAX.

Romania ‘10 Draft Budget To Be Cleared By Next Govt – Fin Min

16:16, 14 Oct. 2009
Romania’s Finance Ministry is still working on the 2010 draft budget, but the future government will be the one to analyze and sent it to parliament for approval, acting minister Gheorghe Pogea said Wednesday.

Romania’s Parliament Legal Committees Disapprove President’s Call For Referendum

16:14, 14 Oct. 2009
The committees for legal matters within the Romanian Parliament gave a vote of disapproval Wednesday to President Traian Basescu’s letter on organizing a national referendum to downsize the country's Parliament to a single chamber and fewer lawmakers.

Romanian PM Nominee Investigated For Negligence – Sources

16:11, 14 Oct. 2009
The mayor of Romanian city Sibiu, who was proposed for the position of prime minister, is under investigation by prosecutors in Alba Iulia, central Romania, for negligence regarding the restitution of several plots to people who failed to meet requirements, people close to the matter told MEDIAFAX.

Three Romanian Parties, Minorities Back Johannis For Independent PM

15:11, 14 Oct. 2009
Romania’s Social Democratic Party, Liberal Party, Democratic Union of Hungarians and the group of national minorities in parliament addressed a letter Wednesday to President Traian Basescu saying they endorse Klaus Johannis for prime minister.

Romanian President Calls Parliament Parties For Talks Wednesday

15:04, 14 Oct. 2009
Romanian President Traian Basescu, who has to appoint a new prime minister after democrat liberal Emil Boc’s government lost a confidence vote in Parliament Tuesday, has invited parliamentary parties for a new round of talks Wednesday at 5 p.m.

RADET To Supply Heat To Bucharest Households As Of Wednesday

14:30, 14 Oct. 2009
Bucharest city's municipally-owned heating company RADET announced Wednesday it would start heat supply to household users tonight, and based on the weather conditions, the heat supply will continue.

Moody’s: Govt’s Fall Bears No Immediate Impact On Romanian Economy

14:24, 14 Oct. 2009
The government’s collapse will have no significant impact on the Romanian economy in the short run, as the economic sector appears to be well insulated from politics, ratings agency Moody’s said in a report Wednesday.

Businessman Ion Tiriac Is Romania’s Richest In Top 300 Capital

14:23, 14 Oct. 2009
Businessman Ion Tiriac, former Rompetrol owner Dinu Patriciu and the Voiculescus, owners of the Romanian media group Intact, are the top three richest Romanians according to a ranking of Romania’s 300 richest, released annually by business weekly Capital.

Monica Bellucci, Rachel Weisz, Vanessa Redgrave To Shoot In Bucharest

12:57, 14 Oct. 2009
Monica Bellucci, Rachel Weisz and Vanessa Redgrave will shoot for The Whistleblowers directed by Larysa Kondracki, in Bucharest’s MediaPro Studios, Sebian actor Serghei Trifunovic, part of the cast, told Serbian daily Blic.

Romanians’ Mandatory Private Pension Constributions Set At 2.5% In 2010 – Regulator

12:16, 14 Oct. 2009
Romanians' contributions to mandatory private pensions (Pillar II) will increase by half a percentage point in 2010, to 2.5% of the contributor's gross wage, the vice-president of the country's private pension system regulator CSSPP, Ion Giurescu, said Wednesday.

Romanian Social Democrats Endorse Liberals’ Independent PM Nominee

22:40, 13 Oct. 2009
Romanian social democrat leader Mircea Geoana said Tuesday evening that, in the meeting held with the liberals and Hungarian minority party UDMR, the decision was to support an independent prime minister, Klaus Johannis, and a government of technocrats.