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Romanian Railroad Unions Propose 18-Measure Recovery Plan

16:19, 01 Sept. 2009
Romanian railroad unions approached national railroad company CFR with a set of 18 measures for the financial mending of the railroad system and expect a reply sometime next week.

S&P Revises Dn Romania’s GDP, Budget Deficit Forecast

16:12, 01 Sept. 2009
Rating agency Standard&Poor's revised down its predictions on Romania’s economic contraction in 2009, from 5% to 7.6%, and the budget deficit from 6% of the GDP to 6.6% of the GDP, which are nevertheless more optimistic than International Monetary Fund’s latest forecasts on Romania.

Romanian Economy Likely To Recover As Of 4Q – Analysts

15:46, 01 Sept. 2009
Romanian economy is likely to enter a positive path as of the fourth quarter this year, though not before bottoming out in the third quarter, economic analysts say, adding a revival depends on euro-zone economic development.

Romanian Co HCR To Build Dinosaur Theme Park In C Romania

15:44, 01 Sept. 2009
A company managed by a former manager of the central Romanian Brasov County Forestry Department, Gabriel Rozorea, will invest EUR5 million in the construction of a dinosaur theme park at Rasnov, in the central Romanian county of Brasov.

Former Agriculture Min Dacian Ciolos Proposed For EU Commissioner – Romanian PM

14:08, 01 Sept. 2009
Romania's former agriculture minister Dacian Ciolos is proposed for the position of European Commissioner for Agriculture and Romania has the support of France, Germany and Poland for this portfolio, Prime Minister Emil Boc said Tuesday.

Romanian Govt Regulates Antifraud Dept Reorganization To Comply With Constitutional Court Ruling

14:08, 01 Sept. 2009
The Romanian government passed an emergency decree regulating the restructuring process of the country’s Antifraud Department and the Government’s control body to eliminate provisions which the Constitutional Court ruled illegal.

Romanian Tourism Minister Accuses Parliament Inquiry Committee Of Breaking Laws

13:53, 01 Sept. 2009
Romanian tourism minister Elena Udrea on Tuesday left the parliamentary inquiry committee investigating her spending of public money before the meeting was over and accused the committee of functioning illegally.

Romanian Govt Clears Public Roads Auth To Borrow RON200M To Refinance Old Loan

12:46, 01 Sept. 2009
The Romanian government cleared the public roads authority CNADNR to borrow nearly 200 million lei (EUR1=RON4.2231) from the country’s Treasury to refinance a loan contracted in 2004.

Romania 2Q Revised GDP -1.1% QQ, -8.7% YY

12:17, 01 Sept. 2009
Romania’s gross domestic product shrank by a seasonally adjusted 1.1% in the second quarter compared with the previous quarter, amounting to 120.4 billion lei (EUR1=RON4.2231), according to revised data released Tuesday by the National Statistics Institute, or INS.

Romania To Scrap 38,500 Cars In Last Stage Of “Junk Car” Program

11:26, 01 Sept. 2009
The third stage of Romania's “Junk Car” program includes several new measures, namely light commercial vehicles were included in the program, people can resort to leasing or buy more cars within the program and companies too can scrap old cars as of September 1.

Low-Cost Airliner SkyEurope Officially Declares Bankruptcy, Cancels All Flights

10:44, 01 Sept. 2009
Low-cost airliner SkyEurope, headquartered in Bratislava, Slovakia, officially declared bankruptcy on Tuesday, September 1, cancelled all flights and suspended all operations, the company announced Tuesday.

Sabyc Fertility Clinic Head, Secretary To Be Investigated At Large

16:35, 31 Aug. 2009
The Bucharest Court of Appeals on Monday ruled that Harry Mironescu, head of Romanian fertility clinic Sabyc, and his secretary Cecilia Borza will be investigated at large but are banned from leaving Romania’s capital city Bucharest.

Selgros Cash&Carry Opens EUR38M Store In Bucharest

15:27, 31 Aug. 2009
Selgros Cash&Carry, a unit of Germany's retailer Rewe, will open Tuesday its 18th store in Romania and the fourth in the capital city Bucharest, following EUR38 million investments.

Romanian Govt To Take Responsibility For Law Packs In Three Stages

15:15, 31 Aug. 2009
Romanian interior minister and deputy prime minister Dan Nica said Monday the government will take responsibility in Parliament, in three stages, for three law packs: economic measures, the unitary wage law and the education laws.

Presidential Elections To Take Place On Nov 22 And Dec 6 – Romanian Interior Min

14:43, 31 Aug. 2009
Romanian minister of interior Dan Nica said Monday the Social Democratic Party and the Democratic Liberal Party decided the presidential elections will take place on November 22 and December 6, and the Government will make no amendments to the organization of elections.

Romania To Hold Presidential Elections On Nov 22

13:16, 31 Aug. 2009
Romanian ruling coalition leaders decided the country will hold presidential elections on November 22, said Monday democrat liberal Vasile Blaga after a ruling coalition meeting.

Romania Ex President Accuses Acting President Of Close Ties With Communist Political Police

13:03, 31 Aug. 2009
Romania’s former president Emil Constantinescu on Monday accused acting President Traian Basescu and democrat liberal vice-president Theodor Stolojan of close ties with the communist-era political police, adding the country’s only legitimate presidential candidate is liberal Crin Antonescu.

Romanian PM Urges Ruling Coalition To Decide On Law Pack Paternity ASAP

12:57, 31 Aug. 2009
Romanian Prime Minister Emil Boc on Monday said the democrat liberals and the social democrats in the country’s ruling coalition ought to make a decision, as soon as possible, as regards the Government taking responsibility for several laws, stressing time "is running out."

Romanian Apartment Prices Dn 10-40% In 1H – Darian Rom-Suisse

12:01, 31 Aug. 2009
The prices of apartments in Romania fell by 10-40% in local currency in the first six months, compared with the end of 2008, with a 23% price decrease for old apartments and 17% for new ones, according to valuation company Darian Rom-Suisse.

Three Dead, One Badly Injured In Train-Hit Car In W Romania

09:37, 31 Aug. 2009
Three people died and one was injured after a car was hit by a train Monday morning, at a railroad crossing in Timis county, western Romania.

Romanian Govt Triples Fines For Road Transporters

17:50, 29 Aug. 2009
The fines applied to road transporters who disregard driving and resting times on Romanian soil were raised by the government two-three times above the current level, reaching up to RON6,000, along with an increase in the fines applied for the use of vehicles without tachographs.

Romanian Govt Performs Second Budget Revision In ’09

17:32, 29 Aug. 2009
The Romanian Government performed Saturday the second budget revision for this year, after the International Monetary Fund agreed to allow a budget gap increase to 7.3% in 2009, from the previous projection of 4.6%, negotiated in March for the agreement concluded by authorities with the IMF.

Romanian Govt To Decide Law Pack Paternity Wednesday

17:07, 29 Aug. 2009
The Romanian government will decide on the assumption of responsibility for a law pack, including the restructuring of government agencies, the education system, public sector wages and public spending cuts, in the meeting held Wednesday.

Romanian Mins Give Up One Fifth Of Pay Until Yearend

17:00, 29 Aug. 2009
Romanian ministers signed a self-statement giving up 20% of their monthly salaries, until the end of the year, resulting in an overall saving of RON95,000, according to government spokesperson Ioana Muntean.

Madonna Has Left Romania

15:08, 29 Aug. 2009
Madonna left Romania, as her private jet took off from the Baneasa airport at 14:45 local time, heading for Sofia, where the singer will hold her next concert within the "Sticky & Sweet" Tour.

Luxury Train „Orient Express” To Arrive In Romania On Monday

19:39, 28 Aug. 2009
Luxury train Orient Express, traveling between Paris and Istanbul, and making a stop in Romania once a year will arrive on Monday in mountain resort Sinaia, central Romania, and in capital city Bucharest, according to a press release.

Almost All Romanian Tourism Units Evade Taxes – Tourism Min

17:39, 28 Aug. 2009
Romanian tourism minister Elena Udrea said Friday at seaside resort Mamaia that "everyone, or almost everyone in tourism", is performing tax evasion, a situation seen no only at “bed & breakfasts” but also at large hotels, where the exact number of tourists accommodated is never declared.

Romanian Government To Hasten The Approval Of “First House” Loan Application Files

16:33, 28 Aug. 2009
The Romanian Government and the banks plan to reduce the approval intervals for the application files within the “First House” program and to propose prolonging the deadline for signing the house transaction pre-contracts by up to 20 days.

Romanian Transport Ministry Approves Bucharest Airports Merger

16:27, 28 Aug. 2009
Romania’s Transport Ministry on Friday approved the merger of Bucharest's Otopeni Henri Coanda and Baneasa Aurel Vlaicu international airports, in order to further set up the National Airport Company.

Madonna To Leave Romania For Bulgaria Saturday

15:40, 28 Aug. 2009
American singer Madonna, which held a concert Wednesday in Bucharest, in front of an audience of 60,000, will leave Romania Saturday and head for Bulgarian capital Sofia, where she will hold another concert on her "Sticky & Sweet" World Tour.

Bucharest Court Magistrates To Cease Activity Come Aug 31

15:34, 28 Aug. 2009
Bucharest Court vice president Laura Andrei said Friday the magistrates will cease all activities starting from Monday, except the preventive measures trials and those involving the placement of minors, while judges will refuse assignments to electoral offices.

Romanian Econ Pessimism Deepens On Faint Consumer Confidence

15:30, 28 Aug. 2009
Romanian economic mood continued its decline for the eleventh consecutive month in August, on falling consumer confidence and scarce activity in constructions, European Commission data showed Friday.

Romanian Unions Threaten To Sue Govt Over Unpaid Leave In Public Sector

15:29, 28 Aug. 2009
Romanian unionists in the public sector threatened to sue the Government if the employees in the sector are forced to take ten days off without pay.

Tax-Free Reinvested Pft, Opportune Yet Late Measure – Assoc

15:27, 28 Aug. 2009
The tax exemption on reinvested profit is an opportune yet late measure, as few companies will qualify for this facility, given the difficult economic environment, Mihai Ionescu, secretary general of National Association Of Romanian Exporters And Importers ANEIR, stated Friday.

Romanian Health Min Sees New Healthcare Pay Grid As Fair

13:41, 28 Aug. 2009
Romanian health minister Ion Bazac said Friday that the salary grid for healthcare staff, as recently amended, has reached a fair format, and this is the first time salaries take into consideration professional training and experience.

Amendments Overlapping Education Pact To Be Introduced In Education Law – Romanian Pres

12:07, 28 Aug. 2009
Romanian President Traian Basescu on Friday said all amendments overlapping the principles signed by the political parties, the teachers’ organizations and the civil society in the Pact for Education will be introduced in the law on education.

Romania’s Econ Outlook Seen Negative During Aug-Oct – INS

11:44, 28 Aug. 2009
Romanian managers see a moderate decrease in the four major sectors of the Romanian economy, namely the industrial, service, retail, and construction sectors between August and October, the National Institute for Statistics, or INS, said Friday.

Four Romanian Teams Advance To Europa League Group Stage

09:40, 28 Aug. 2009
The Romanian teams FC Timisoara, CFR Cluj, Dinamo Bucharest and Steaua Bucharest move on to the next stage in UEFA’s Europa League.

Romanian Wages Near RON600-705 To Grow In ‘10 – Labor Min State Sec

20:18, 27 Aug. 2009
Secretary of state within the Ministry of Labor Valentin Mocanu said thursdau after taks with unions that starting with 2010 all salaries with values between 600 and 705 lei (EUR1=RON4.2240) will grow, while high salaries will remain frozen.

Romanian Govt Sells Nationalized Building Plots To Collect EUR1B

20:17, 27 Aug. 2009
The Romanian Government prepared a draft law establishing that the owners of nationalized houses who have regained or bought their property through Law 112/1995 will also buy the land connected to the property, held by mayoralties, operations estimated to beget 4 billion lei (EUR1=RON4.2240).