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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.

Romanian Senate Set For Speedy Enactment Of Fiscal Liability Law

15:45, 09 Nov. 2009
The Romanian Senate will discuss, with urgency, the legislative initiative regarding the fiscal liability law, and Senate Chairman Mircea Geoana asked dismissed Prime Minister Emil Boc to state a stance in the matter within three days.

Romanian Social Democrats Give Proposed Govt The Cold Shoulder

15:42, 09 Nov. 2009
Romanian social democrat head Mircea Geoana said Monday the social democrat MPs will not attend the procedures involved in the confirmation of the Negoita government, so as not to legitimize, through their presence, "the parody" prepared by President Traian Basescu.

Romanian Cable Operators Push For Law On Telecom Infrastructure

14:58, 09 Nov. 2009
The Romanian Cable Communications Association urged competent authorities to pass a law on telecom infrastructure, arguing the Romanian cable services industry is "at the beck and call of local authorities and owners of utility poles", which hinders upgrades on the local telecom networks.

Romanian Subway Unionists To Call Gen Strike As Of Nov 16 If Wage Talks Fail

14:54, 09 Nov. 2009
Employees of Romania’s state-owned subway company Metrorex will go on general strike indefinitely as of November 16 if negotiations with management on wage raises fail, union leader Ion Radoi said Monday.

Romanian Democrat Liberals, Christian Democrats Signed Protocol To Back President For Reelection

14:45, 09 Nov. 2009
Romanian Democrat Liberal Party and the Christian Democratic People’s Party signed Monday a protocol stating that the two parties will back President Traian Basescu for reelection.

Romanian Insurer Allianz-Tiriac To Raise Auto Civil Liability Policy Prices By 20% In 2010

13:48, 09 Nov. 2009
Romanian insurer Allianz-Tiriac Asigurari will increase price for auto civil liability policy RCA by at least 20% for contracts starting January 1, 2010, and in some cases prices will double compared to the beginning of 2009, the insurer’s general manager Cristian Constantinescu said Monday.

Romanian Social Democrats To Delay Conf Vote For New Govt Until After Elections -Sources

12:46, 09 Nov. 2009
Romania’s opposition Social Democratic Party decided Monday to delay holding confidence vote for the country’s new government until December, after presidential elections, people familiar with the matter told MEDIAFAX Monday.

Romanian Jan-Sept Trade Gap Narrows To EUR6.93B

12:28, 09 Nov. 2009
Romania’s trade deficit narrowed in the first nine months to EUR6.93 billion from EUR17.98 billion in the same period the year before, the National Statistics Institute said Monday.

Romania Sept Adjusted Industrial Output Up 1.3% On Month

12:13, 09 Nov. 2009
Romania's adjusted industrial production rose 1.3% in September compared with August, while unadjusted output increased 21.3% on the month, the National Statistics Institute said Monday.

Romanian PM-Designate To Announce Proposed Cabinet Monday Afternoon

12:04, 09 Nov. 2009
Romania’s Prime Minster-designate Liviu Negoita said he will have a list of proposed ministers sent to Parliament Monday afternoon, adding the Cabinet is backed by democrat liberals and independent lawmakers.

Romanian Intelligence Service Well-Informed On Terrorist Omar Hayssam’s Escape – Service Head

11:23, 09 Nov. 2009
Romania’s Intelligence Service (SRI) head George Maior on Sunday said SRI knows "exactly" how Syrian businessman Omar Hayssam, tried and convicted in Romania for terrorism, fled the country and said he sent the file to the Court of Appeals in Oradea, western Romania.

Romania PM-Designate To Propose Rebuffed Ministers In New Cabinet

17:36, 08 Nov. 2009
Romania’s Prime Minister-designate Liviu Negoita said Sunday his proposed Cabinet will include ministers previously proposed by Lucian Croitoru, who lost a confidence vote in Parliament.

Romanian Independent Presidential Candidate Says Prostitution Should Be Legal

17:25, 08 Nov. 2009
Romania’s independent presidential candidate Sorin Oprescu said Sunday he is inclined to accept to decriminalize prostitution, but the country’s healthcare system isn’t ready for such a move, adding he is strongly against legalizing recreational drugs.

Romanian „4 Months, 3 Weeks And 2 Days” Among Times’ Best 100 Films Of The Decade

13:40, 08 Nov. 2009
Romanian feature film "4 Months, 3 Weeks and 2 Days" by director Cristian Mungiu ranks 14th in a ranking of the 100 best films of the decade compiled by UK Times magazine, overtaking more famous hits like Paul Thomas Anderson’s “There Will Be Blood” or Gus Van Sant’s “Milk”.

Romanian Govt Only Pays Bills To Cos Sponsoring Their Campaign – Leftist Presidential Candidate

17:10, 07 Nov. 2009
Romanian social democrat presidential candidate Mircea Geoana Saturday accused the caretaker democrat liberal government of blackmailing companies by not paying off debts unless they give money to acting President Traian Basescu’s campaign.

Romania Can Pay Pensions, Wages Without IMF Loan – Liberal

16:56, 07 Nov. 2009
Romanian liberal leader and former health minister Eugen Nicolaescu said Saturday Romania can afford to pay public sector wages and pensions even without the IMF’s bailout money and controversies on this issue are cynical and immoral.

Romanian PM-Designate Calls On Liberals, Social Democrats To Negotiate Future Govt

14:29, 07 Nov. 2009
Romania’s Prime Minister-designate Liviu Negoita Friday evening called again on opposition liberals and social democrats to talks with him about a future government, adding he will have a proposed Cabinet list sent to Parliament Monday either way.

Romanian Liberal Presidential Candidate Wants Single Term, Then Quits Politics

14:13, 07 Nov. 2009
Romania’s liberal presidential candidate Crin Antonescu said Saturday at an election rally in Satu Mare, northern Romania, he will settle for a single term if elected president, keep all his promises and then quit politics.

Romania’s Fmr Sea Captain President Vows To Take Country Safe Ashore

14:05, 07 Nov. 2009
Romanian president Traian Basescu, a former sea captain, said Saturday at an election rally in Timisoara, western Romania, that Romania is a ship whose crew he trusts and promised to take it safe to shore once the crisis, which he deemed a storm, passes.

Romania To Resume Pork Exports To EU Next Year – Acting PM

16:45, 06 Nov. 2009
Romania will resume next year exports of pork products processed in the country to EU member states and will later export pork produced locally in its entirety, acting Prime Minister Emil Boc said Friday.

IMF, EC Put Off Loan Disbursements To Romania On Political Uncertainty

15:23, 06 Nov. 2009
The International Monetary Fund is prepared to disburse a new tranche of its EUR13 billion loan to Romania as soon as the political crisis ends, IMF mission’s head Jeffrey Franks said Friday.