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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).

Romanian Rompetrol To Cut Gas Pump Prices By RON0.03/ Liter

20:14, 27 Aug. 2009

Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, will cut Friday its gasoline pump prices by 0.03 lei (EUR1=RON4.2240), keeping the diesel oil prices unchanged.

Coca-Cola HBC Romania To Transfer Iasi Production Lines To Moldova

20:12, 27 Aug. 2009

Soft drink maker Coca-Cola HBC will transfer the production lines from the northeastern Romanian city Iasi to Moldova and the production unit at Floreni, Suceava county, to the neighboring unit at Poiana Negri, the company announced Thursday.

Romanian Railroad Unions Want 24 Compensatory Wages

18:00, 27 Aug. 2009

Romanian railroad unions agree with layoffs only if they are made in 2010 and the employees affected by the job scrap receive 24 compensatory wages, locomotive mechanics union leader Iulian Mantescu said Thursday after the meeting with the freight division of the national railroad company.

Romanian Bucharest-Ploiesti Highway To Have Only Two Lanes

16:50, 27 Aug. 2009

The Romanian Transports and Infrastructure Ministry (MTI) cancelled the auction for widening to three lanes the second route of the Bucharest-Ploiesti highway for “technical and legal” reasons, transports minister Radu Bercenu said Thursday.

Romanian Tourism Food Segment VAT Could Drop To 9%

16:28, 27 Aug. 2009

The value added tax (VAT) on the food segment in Romanian tourism could decrease from the current 19% level to 9%, following a provision included in the tourism law, said tourism minister Elena Udrea Thursday.

Turkey Decides To Lift Visas For Romanians – Foreign Affairs Min

16:07, 27 Aug. 2009

Turkey took the political decision to remove visas for the Romanian citizens and the Government in Ankara will soon enact the measure, Romanian foreign affairs minister Cristian Diaconescu told MEDIAFAX Thursday.

Romania Jan-Jul Budget Deficit At 3.3% Of GDP

13:23, 27 Aug. 2009

Romania’s consolidated budget deficit rose to 17.58 billion lei (EUR1-RON4.2178) in January-July, amounting to 3.3% of the gross domestic product, the Finance Ministry showed Thursday.

Romanian President Vows To Reveal Backstage Secrets Of Media „Manipulation”

12:53, 27 Aug. 2009

Romanian president Traian Basescu said he noticed certain politicians and their acolytes have been hellbent on a campaign aimed at systematically discrediting state institutions, adding he will soon clarify what's lying behind the “political and media manipulation aimed at discrediting the state.”

Romania’s July Residential Building Permits Dn 4.8% MM

11:30, 27 Aug. 2009

Romania issued 4,518 buildings permits for residential projects in July, down 4.8% on the month and down 22.6% on the year, the country’s Statistics Institute said Thursday.

Rompetrol Group To Launch Takeover Offer For Rompetrol Well Services

10:47, 27 Aug. 2009

Romania’s second-largest oil group Rompetrol will also launch a mandatory takeover offer for the stake it does not own in Rompetrol Well Services (PTR.RO), asking Romanian securities commission CNVM for a delay in filing the papers by October 30.

Romania’s Govt Eyes Agreements Btw Central, Local Authorities, Unions To Avoid „Useless Conflicts”

20:56, 26 Aug. 2009

Romanian ministries will set by the end of September minimum quality and cost standards for the public decentralized services and will also identify clearly the responsibilities to avoid “useless conflicts of interest”, according to a document approved by the government.

Romanian Defense Min Denies Involvement In Explosives, Ammo Trafficking

18:16, 26 Aug. 2009

Romanian defense minister Mihai Stanisoara, told liberal leader Crin Antonescu, as a response to the latter’s request, the Ministry of Defense is not involved in the ammunition affairs from S.C. Uzina Mecanica Babeni.

Madonna Arrives At Concert Location In Bucharest

17:53, 26 Aug. 2009

Pop singer Madonna left the Radisson SAS hotel in Bucharest, where she was lodged, and reached the Izvor Park, where she will hold a two-hour concert, included in her "Sticky & Sweet" Tour.

Romanian Public Sector Has Highest Number Of Employees In Europe – Union Leader

17:53, 26 Aug. 2009

Head of Romania’s Trade Union Bloc, Dumitru Costin, said Wednesday that 6% of the country’s population is active in the public sector, which places Romania first among European states from this perspective.

Budget Revision Ordinance To Be Enacted On Saturday – Romanian PM

15:59, 26 Aug. 2009

Romanian Prime Minister Emil Boc told the ministers who attended the weekly meeting of the Government, the ordinance regarding the budget revision will be adopted in the Government meeting held Saturday.

Romanian CFR To Lay Off Some 11,000 Employees

15:15, 26 Aug. 2009

About 11,000 employees of the National Railroad Company (CFR) are to be fired, according to data presented Wednesday to the unionists by the representatives of the Transports Ministry.

Romania Ctrl Bk July Lombard Lending Hits 4-Mo High

13:10, 26 Aug. 2009

Romanian lenders borrowed in July 1.299 bilion lei (EUR1=RON4.2236) from the central bank through the Lombard loan, the highest level since March, the central bank said Wednesday.

Romania Shortlists 10 Bks To Lead EUR500M Eurobond Issue – Sources

13:07, 26 Aug. 2009

Romania’s Finance Ministry shortlisted ten banks in an auction to select the lead manager of a five to ten years Eurobond issue worth at least EUR500 million, people familiar with the matter said Wednesday.

Number Of Romanian Bad Loan Payers Exceeded 600,000 Persons In Jun

12:42, 26 Aug. 2009

The number of bad loan payers with loans overdue by more than 30 days exceeded 600,000 persons in June, according to the data of the Credit Bureau published by the central bank.

Moody’s Sees Romanian GDP At -8.9% In ’09

19:59, 25 Aug. 2009

Romanian economy is likely to contract by 8.9% this year on falling domestic demand, while the first signs of recovery are not expected until mid next year, rating agency Moody’s said Tuesday.

Romania Avg Monthly Wage To Reach RON3,430 In 2015 – Fin Min

15:17, 25 Aug. 2009

Romania’s gross average wage will remain flat next year at 2,199 lei (EUR1-RON4.2236) a month, after which will grow by up to 56% to RON3,430 a month in 2015, Finance Minister Gheorghe Pogea said Tuesday.

Romanian Govt, IBRD Cancel $35M From ’06 Loan For Transports

15:01, 25 Aug. 2009

The Romanian Government and the International Bank for Reconstruction and Development (IBRD) decided to cancel the $35 million installment from a $180 million loan approved in 2006 for infrastructure and transports, and to widen the lending interval for the third time, until the end of this year.

Romanian Interior Min Demands 15% Share From Taxes Collected

14:49, 25 Aug. 2009

The Romanian Ministry of Interior wants a 15% share from the taxes it collects for the state budget, to be used by the ministry, according to a draft emergency ordinance, publicly debated until September 3.

Romania’s Public Sector To Scrap 326,000 Jobs By 2015 – Fin Min

14:27, 25 Aug. 2009

Romania’s public sector will scrap 326,000 jobs and will have 1.068 million employees from the current 1.394 million by 2015, the deadline for the enforcement of the unitary pay law, finance minister Gheorghe Pogea said Tuesday.

Romanian Ambassador To Bulgaria Denies Collaboration With Former Communist Secret Police

14:02, 25 Aug. 2009

Romania’s Ambassador to Bulgaria, Anton Pacuretu, told MEDIAFAX Tuesday that he never collaborated, give memos or sign any agreement with the former Romanian communist secret police "Securitate".

Romanian Government To Set Up The Final Form Of The Unitary Wage Draft Law

14:02, 25 Aug. 2009

In Romanian, the gross minimum wage, taken as reference in the unitary wage law in the public sector, will rise in 2010 from RON600 (EUR1=RON4.2236) to RON705 and will continue to increase until 2015, to RON1,100.

Romanian July Private Lending Dn 0.1% MM To RON197.9B

13:24, 25 Aug. 2009

Romanian private lending fell 0.1% on the month in July to 197.9 billion lei (EUR1=RON4.2238), but was up 5.4% in real terms compared with the same month of 2008, the central bank said in a statement Tuesday.

French Correctional Court Sentences Three Romanians To Prison On Assault Charges

12:30, 25 Aug. 2009

A correctional court in Bordeaux, France, sentenced three Romanian nationals to prison on charges of assault against drivers who refused to give them money in exchange for windshield cleaning, Sud Ouest informed.

Public Sector Low Wages To Go Up Until 2015, High Wages To Freeze – Romanian PM

12:27, 25 Aug. 2009

The unitary pay law for the public sector enables the accelerated increase of low wages until 2015 and triggers the freezing of high salaries for a certain period, until the difference between the minimum and the maximum pay will be reduced, Romanian Prime Minister Emil Boc said Tuesday.

Sales Of New Apartments In Cap City Dn 6-Fold In 1H – Colliers

18:15, 24 Aug. 2009

The number of new apartments sold in the capital city Bucharest was almost six-fold lower in the first semester, at 515 units, from 3,000 units in the same period a year ago, according to a survey of Colliers real estate consultancy company.

Romanian Reporter Hit By Official Protection Car, Driver Kept Going

17:50, 24 Aug. 2009

One of the Protection and Guard Service (SPP) cars escorting social democrat leader Mircea Geoana slightly hit a reporter in front of the Social Democratic Party headquarters Monday, but the driver didn’t stop the car.

Romanian Journalist Accuses Head Of State’s Brother Of Involvement In Terrorism

17:47, 24 Aug. 2009

Reputed Romanian journalist Sorin Rosca Stanescu said, on his personal website, that the Romanian president’s brother, Mircea Basescu, is allegedly involved in an explosives trafficking business alongside an alleged terrorism affiliation suspect named Bakri Imad Abdul Reda.

Cigarettes In Romania To Cost RON0.40 More Per Pack As Of Sep 1

17:44, 24 Aug. 2009

The price for a pack of cigarettes will grow in Romania by 0.40 lei (EUR1 = RON4.2238) starting with September 1, once the excise for tobacco is increased by EUR7, from EUR57/1,000 cigarettes to EUR64/1,000 cigarettes, according to the representatives of the main cigarette makers in Romania.

Romanian Govt Plans To Lay Off Over 2,000 Employees In Energy Field In ’09

16:53, 24 Aug. 2009

The Romanian Government decided to lay off over 2,000 employees in the energy companies under the subordination of the Economy Ministry in 2009, who will further receive severance pays.

Romanian Govt To Remove Monetary Guarantee For Presidential Hopefuls

16:32, 24 Aug. 2009

The leader of the Romanian democrat liberal deputies, Mircea Toader, said Monday after a democratic liberal Standing Office meeting that the coalition has discussed and established, in principle, the removal of the monetary guarantee for presidential candidates.