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Fin Min Admits Romania May Increase VAT Rate In ‘10

13:57, 06 Oct. 2009
Romania may increase the value added tax rate as of next year, from the current 19%, to ensure a budget deficit of 5.9% of the gross domestic product, as agreed with the International Monetary Fund, Finance Minister Gheorghe Pogea said Tuesday.

Romania’s Transport Min Has Money To Pay Railway Employees’ Wages For 2009

13:12, 06 Oct. 2009
Romania’s Transport Ministry has the money it needs to pay the railway employees' wages for 2009, deputy secretary of state within the Transport Ministry Constantin Axinia said Tuesday.

Unions Call On Romanian Govt To Delay Seeking Parliament Confidence Vote For Pension Law

13:10, 06 Oct. 2009
Romania’s unions Tuesday called on the Government to postpone seeking a confidence vote in Parliament to enact an IMF-required public pension law, saying the law is abusive and its enactment would escalate social tension in the country.

Romanian Transport Min Wants 3.5% of GDP For Railway Infrastructure In 2010

13:09, 06 Oct. 2009
Romanian Transport Minister Radu Berceanu asked the Finance Ministry to assign 3.5% of gross domestic product next year to upgrade the country’s railway infrastructure, from 0.3% of GDP assigned this year.

Romania Delays Railway Upgrade Works Six Months On Lack Of Funds

13:08, 06 Oct. 2009
Works to upgrade the railway linking Romania’s capital Bucharest to southeastern Constanta are six months lagging over lack of funds and are to be finished in August next year, Transport Ministry sub-secretary of state Constantin Axinia said Tuesday.

UPDATE: Romania’s PM Ready To Resign If Pension Law Is Not Enacted

12:10, 06 Oct. 2009
Romania’s Prime Minister Emil Boc said Tuesday he is ready to resign his position if the Parliament doesn't give the Government a confidence vote to enact the new pension law, adding he has considered this risk.

Romania’s Govt To Reduce Ministries’ Staff By 20%

10:53, 06 Oct. 2009
Romania’s Government decided to reduce ministries’ staff by 20%, Prime Minister Emil Boc said Tuesday.

Romanian Govt To Ask Parl Confidence Vote To Enact IMF-Required Pension Law

10:47, 06 Oct. 2009
Romania’s government has decided to ask the Parliament for a confidence vote to enact a public pension law, as it did last month with the unitary wage law for the public sector, the law on education and a law reorganizing government agencies and public institutions.

Romanian Car Maker Association Wants Car Park Renewal Program To Continue Despite Low Sales

20:26, 05 Oct. 2009
Romanian car maker association APIA wants the car park renewal program to continue even if people will not be able to scrap three used cars for a new one and the sales registered by dealers are down.

Bucharest General Mayor Joins Presidential Race

16:35, 05 Oct. 2009
Bucharest general mayor Sorin Oprescu Monday announced he will run for president in the election set for November 22.

S&P Assigns Romania ‘3’ Default Recovery Rating

15:44, 05 Oct. 2009
Investors may recoup between 50% and 70% of their funds placed in Romanian bonds in the event of the country's default, according to Standard & Poor’s newly assigned debt recovery ratings of ‘3’.

Romanian Unionists To Continue Protests, Threaten General Strike

15:16, 05 Oct. 2009
Romanian public sector unionists said Monday after talks at the Labor Ministry that protests will continue as none of their problems was solved and they might decide to go on general strike indefinitely.

Bucharest Office Rents Fall On Fewer Clients – King Sturge

14:31, 05 Oct. 2009
Office rents in Romania’s capital city Bucharest and its surroundings returned this year to the levels in 2006 and might continue to drop due to the lowering number of clients and their migration towards cheaper spaces, according to a report of real estate consultancy firm King Sturge.

Wages, Pensions, Social Rights Not At Risk In ’09 And Next Yr – Romanian PM

14:31, 05 Oct. 2009
Romanian Prime Minister Emil Boc said Monday, after talks with public sector unionists at the Labor Ministry, that the Government has the money to pay pensions, wages and social indemnities this year and the next.

Romania Sacks Over 10,000 Railway Employees

14:03, 05 Oct. 2009
Romania will fire more than 10,300 railway sector employees, who will get double the average net wage per economy as severance, unemployment aid and monthly severance pay for 20 to 24 months, depending on seniority, according to a draft decree drawn up by the Transport Ministry.

Romanian Social Democrats To Back No-Confidence Motion Against Fmr Coalition Partners

12:47, 05 Oct. 2009
Romania’s Social Democratic Party, which left the country’s coalition government last week and switched to opposition, decided Monday to back a no-confidence motion to oust the all-democrat liberal government which now lacks Parliament majority.

Romania Eyes Keeping Leu At RON4-RON5 Vs Euro – President

12:46, 05 Oct. 2009
President Traian Basescu told Monday the Economic Forum in Bucharest that Romania aims to keep the leu exchange rate between RON4 and RON5 against the euro, though the leu "has not been feeling well lately due to the sharp strengthening of the euro."

Romania Plans Harsh Measures To Discourage Challenges To Public Works Auctions

12:33, 05 Oct. 2009
Romanian President Traian Basescu said Monday Romania is working on harsh measures to discourage contractors from contesting public procurement auctions they don’t win and block public infrastructure works.

Former Rompetrol CEO Dinu Patriciu Ranks First In Forbes Romania Rich List

12:24, 05 Oct. 2009
Romanian businesspeople Dinu Patriciu, Ioan Neculae and Ion Tiriac rank first in the first edition of Forbes Romania's rich list, with fortunes estimated at EUR2.2 billion, EUR1.2 billion and EUR850-900 million respectively.

Romania Ranks 63 Globally In UN Human Development Index

11:51, 05 Oct. 2009
Romania is ranked among countries with a high level of human development this year, at 63, but is three spots lower than last year, when it was ranked 60 in the annual United Nations Human Development Index report released Monday.

Romania’s August Net Salary Dn 3% MM To RON1,348

11:21, 05 Oct. 2009
Romania’s net average salary was at 1,348 lei (EUR1=RON4.2782) in August, down 3% compared with RON1,390 in the previous month, the National Institute for Statistics said Monday.

Over 750,000 Romanian Public Sector Employees Go On General Strike Monday

09:48, 05 Oct. 2009
Unionists in Romanian education, healthcare, public administration, law enforcement and public finance will be on general strike on Monday.

Bucharest Breaks World Record For Longest Line of Pizzas

19:43, 04 Oct. 2009
Romania’s capital city Bucharest has made it to the Guinness Book of World Records on Saturday with the world’s longest line of pizzas, consisting of over 2,200 pizzas and measuring 496.97 meters, according to a press release of event organizers, Bucharest Food Festival.

Romanian Govt Works On Solid Policies To Cushion Effects Of Economic Crisis – President

19:34, 04 Oct. 2009
Romania’s Government did not plan to "pull the country out of the economic crisis," as we all face a global crisis, but to develop solid policies meant to cushion its effects, by keeping the euro-leu exchange rate under control and financing the budget deficit, President Traian Basescu said Sunday.

Romanian Democrat Liberals To Launch President Traian Basescu’ Candidacy On Oct 17– Sources

16:53, 04 Oct. 2009
Romanian democrat liberals are getting ready to officially launch acting President Traian Basescu's candidacy for a second term, most likely on October 17 at the Palace Hall in Bucharest, sources close to the matter told MEDIAFAX.

Romanian Monica Balascuja Dies In Sicily Mudslide

15:44, 04 Oct. 2009
Romanian national Monica Balascuja, 48, died in Scaletta Zanclea, a commune in Sicilian city of Messina, Italy, following a devastating mudslide that has killed at least 21 in Sicily, Corriere della Sera informed on its website, citing the local Civil Protection Department.

Romania PM Promotes Gheorghe Dobre As Secretary General With Development Ministry

14:59, 04 Oct. 2009
Romanian Prime Minister Emil Boc decided to promote democrat liberal Gheorghe Dobre from deputy secretary general to secretary general with Romania’s Development Ministry.

Romanian PM Sacks Head Of Foreign Investment Agency

14:31, 04 Oct. 2009
Romanian Prime Minister Emil Boc decided to dismiss Darius Mesca as president of the Romanian Agency for Foreign Investments (ARIS).

Romanian President Reassures Pensions Will Be Paid On Time

13:23, 04 Oct. 2009
Romanian President Traian Basescu said Saturday in Sannicolau Mare, in Romanian western county of Timis, that the state will meet its obligations to pensioners, stressing that "regardless of the harsh economic conditions, pensions will be paid on time.”

Romania’s Democrat Liberal Govt Sacks Social Democrat Deputy Prefects In 15 Counties

18:46, 03 Oct. 2009
Romania’s democrat liberal government decided in its meeting Saturday to sack social democrat deputy prefects in nearly 15 counties countrywide, following a split in the governing coalition on October 1, people close to the matter told MEDIAFAX.

Romanian President Pushes For Investments In Country’s Irrigation Systems

17:30, 03 Oct. 2009
Romanian President Traian Basescu said Saturday in western city of Timisoara, that Romania is able to feed 80 million people if it invests in the country’s irrigation systems and the development of rural area.

President Traian Basescu: Romania To Return To Economic Growth In 2Q 2010

17:14, 03 Oct. 2009
Romanian President Traian Basescu said Saturday, within a meeting with businesspeople in western city of Timisoara, that Romania might return to economic growth in the second quarter of 2010, according to the central bank’s evaluations and forecasts.

Romanian President Traian Basescu Announces Candidacy For Second Term

16:20, 03 Oct. 2009
Romania’s acting President Traian Basescu on Saturday announced his candidacy for a second term in Sannicolau Mare, in Romanian western county of Timis, where he met with farmers in the country’s western region.

Romanian President Blasts Local Authorities For Poor Management Of State Funds

15:49, 03 Oct. 2009
Romanian President Traian Basescu on Saturday said corruption is not the one eating up state funds in some sectors, but the bureaucracy in the respective sectors, and stressed most local authorities spend funds irresponsibly and then turn to the government for more money.

Romanian MEP Gigi Becali Announces Presidential Candidacy

14:15, 03 Oct. 2009
Romanian MEP Gigi Becali, head of the Christian-Democratic New Generation Party (PNG-CD), on Saturday announced his candidacy for the presidency of Romania within the party’s national council meeting.

Romanian Transport Min Sets Annual Danube Bridge Pass Fees

20:49, 02 Oct. 2009
The annual pass used to cross the bridge over the Danube, at Cernavoda-Fetesti, will cost 400 lei (EUR1=RON4.2782) for 50 crossings by car and RON2,720 for trucks weighing more than 12 tons and with at least 12 axels, according to an announcement made by the Romanian Ministry of Transport.

Romanian President Reinstates Kovesi As Prosecutor General

16:22, 02 Oct. 2009
Romania’s President Traian Basescu Friday signed the decree reappointing Laura Codruta Kovesi as the country’s prosecutor general, for a three-year term, the president’s office said in a press release.

S&P Says Romania Ratings Unaffected By Coalition Split

15:34, 02 Oct. 2009
Standard & Poor's Ratings Services on Friday said the collapse of the government coalition in Romania has no immediate impact on the sovereign credit ratings.

Azerbaijan Offers Romania 7.3 BCM Of Gas For Nabucco – Sources

15:32, 02 Oct. 2009
Azerbaijan has offered to supply Romania with 7.3 billion cubic meters of natural gas to be transported via Nabucco project, amounting to nearly one quarter of the pipeline’s planned annual capacity, people working for the Economy Ministry told MEDIAFAX Friday.

Romanian Democrat Liberals Appoint Gheorghe Flutur Campaign Manager

13:07, 02 Oct. 2009
Romanian democrat liberal vice-president Gheorghe Flutur will be the Democratic Liberal Party's campaign manager for the upcoming presidential elections, in which the party backs acting President Traian Basescu, who has not yet said whether he is running for re-election.