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Romanian President Congratulates New Romanian MEPs

15:19, 11 Iun. 2009

Romanian president Traian Basescu congratulated Thursday the Romanian elected MEPs and thanked the Central Electoral Office for the manner in which the European Parliament elections were handled.

EXCLUSIVE: Romanian Legislative Council Urges Govt To Reconsider Repealing Acts Before Enforcement

13:37, 11 Iun. 2009

The Romanian Legislative Council has urged the Government to reconsider its proposal that normative acts be amended or repealed before they enter force, explaining that such procedures cannot be found in the laws of other European states and they should be reserved for exceptions, such as the Codes.

Romanian Meteorologists Widen Code Yellow Warning To Include Most Counties

13:29, 11 Iun. 2009

Romanian meteorologists widened the code yellow warning for rains and storm to include almost all Romanian counties and Bucharest, and the warning is valid between Thursday, 15.00 local time, and Friday, 18.00 local time.

Romanian Unionists To Go On Warning Strike On June 12

13:05, 11 Iun. 2009

Romanian unions affiliated with the national union confederation “Cartel Alfa” will go on warning strike Friday, June 12, from 9:00 to 9:15, displeased that the government failed to apply the anti-crisis measures established with social partners in February this year.

Bucharest Court Puts Off Trying Becali’s Appeal Until June 18

11:48, 11 Iun. 2009

The Bucharest Court decided Thursday to put off, until June 18, the trial on the appeal of businessman and politician Gigi Becali to a lower court ruling of June 9 banning the latter from leaving Romania.

Romanian Timisoara FC Fine Annulled By Court Of Arbitration For Sports

11:00, 11 Iun. 2009

The Court of Arbitration for Sport (TAS) in Lausanne, France, announced Thursday on its site that Romanian Timisoara FC will be given back the six points it was fined previously, thus enabling it to take part in the 3rd preliminary tour of the Champions League.

IMF: Romanian Govt Undertook To Revise Pension Laws Until Dec 31

10:55, 11 Iun. 2009

The Romanian Government undertook to revise pension laws until December 31 through measures meant to index pensions to the inflation, limit the scope for discretionary pension increases and gradually adjust the retirement age, particularly for women, according to the IMF agreement.

Romanian Public Sector Wage Law To Be Amended By October 30 Under IMF Agreement

10:25, 11 Iun. 2009

The Romanian Government has pledged to adopt the public sector unitary wage law by October 30, 2009, leaving at least three years for the gradual implementation of the new law, according to Romania’s stand-by agreement with the IMF, published Wednesday.

Romania To Receive Next IMF Loan Tranches In Sep, Dec

10:22, 11 Iun. 2009

Romania may access the next two tranches of the International Monetary Fund stand-by loan in September and December, respectively, according to the Technical Memorandum of Understanding published Wednesday.

IMF To First Review Romania’s Program On Sep 15

10:20, 11 Iun. 2009

The first review of the performance criteria set under the program agreed by Romania with the International Monetary Fund will be set for September 15, based on end-June targets, according to IMF.

Romania To Inform IMF On Monitored Public Cos

10:20, 11 Iun. 2009

Romania’s Ministry of Finance, Ministry of Labor and other pertinent institutions will provide information to the International Monetary Fund (IMF) on monitored public enterprises, including sanctions and dismissals operated if restructuring targets are not observed.

IMF: Romania’s Capacity To Repay Loan Is Strong, But There Are Risks

10:19, 11 Iun. 2009

Romania’s capacity to repay the EUR12.95 billion loan from the International Monetary Fund is expected to be strong, but it depends upon the authorities' commitment to the program and their success in rebalancing the economy, the IMF said late Wednesday.

Romanian Auth To Seek Accord With Bks On Foreign Currency Loans Restructuring

10:18, 11 Iun. 2009

Romanian authorities plan to reach an agreement with commercial banks to facilitate the restructuring of household loans contracted in foreign currency by adjusting the maturity and repayment schedule, including offering the option to voluntarily convert it in Romanian lei.

IMF Imposes Romania Performance Criterion On Budget Deficit

10:17, 11 Iun. 2009

Romania negotiated with the International Monetary Fund a budget deficit target of 24.36 billion lei (EUR1=RON4.1998) in 2009, based on RON166.72 billion revenues, not including EU funds, and RON182.72 billion primary expenditures.

Unirea Urziceni Wins Romanian Football Championship

09:44, 11 Iun. 2009

Unirea Urziceni FC won the Romanian championship Wednesday evening, after a 1-1 score against Steaua Bucharest FC.

Outdoor Shows On Romanian Coast May Take Place After 1 AM, Respecting Noise Limit

20:48, 10 Iun. 2009

Outdoor shows or film broadcasts may take place in open theatres or tents on the beach in Romanian resorts between 1 a.m. and 8 a.m., provided maximum noise limits are respected, according to a Government decision.

Romanian Liberals Threaten No-Confidence Motion Over Codes’ Adoption

20:41, 10 Iun. 2009

Romanian Liberal Party, in opposition, on Wednesday criticized the government’s decision to assume responsibility for the criminal and civil codes in parliament and threatened with a no-confidence motion.

Romanian Govt Starts Procedures To Assume Codes In Parl – Sources

20:09, 10 Iun. 2009

The Romanian Justice Ministry said Wednesday the government has decided to assume responsibility in parliament for the criminal and civil Codes, which together with the draft criminal and civil procedure Codes aim to create a coherent and modern legislative framework.

Romanian Fin Min Confident In Solving Farmers’ Demands

19:18, 10 Iun. 2009

Romanian Finance Minister Gheorghe Pogea on Wednesday assured farmers the authorities will find a solution to compensate their dues to the state with the subsidies farmers benefit from through the paying agency in agriculture.

Romania’s PSD Gets 11 MEP Seats, PDL – 10, PNL – 5, UDMR – 3, PRM – 3, E. Basescu – 1 – Final Results

16:27, 10 Iun. 2009

Romanian social democrats (PSD) won the elections for the European Parliament with 31.07% of votes and secured 11 seats in the EU legislative body, while coalition partners democrat liberals (PDL) got 29.71% of votes and ten MEP seats, according to the final election results released Wednesday.

Romania To Set Up Two National Energy Companies With Similar Mkt Shares – Econ Min

15:30, 10 Iun. 2009

Romanian Economy Minister Adriean Videanu presented Wednesday the structure of the two national power companies that will be set up in 2009, which will have similar market shares, according to the energy sector reorganization plan drawn up by the authorities.

Romania Railway Co CFR Transferred RON5.45M Into Salary Accounts Tuesday, Wed – Sources

14:40, 10 Iun. 2009

Romania’s railway company CFR SA on Tuesday transferred 950.000 lei (EUR1=RON4.1998) into the salary accounts of employees with its Bucharest branch and RON4.5 million on Wednesday into the salary accounts of employees with its regional branches, sources within the company said Wednesday.

Romanian Tourism Ministry To Ban Playing Loud Music Outside In Resorts After 1 AM

13:47, 10 Iun. 2009

The Romanian Tourism Ministry plans to ban the playing of loud music or TV outdoors in tourist resorts between the hours of 1 and 8 a.m. and oblige hotels to stay open for the entire length of the holiday season, between May 1 and September 30.

About 1,200 Romanian Farmers Picket Govt HQ Demanding Subsidies

13:35, 10 Iun. 2009

About 1,200 farmers from 25 Romanian counties picket the government building on Wednesday demanding subsidies and the checking of the quality of milk imported in Romania.

Romanian Transport Min Tells Railway Workers To Drop Bonus Demands

12:53, 10 Iun. 2009

Romanian transport and infrastructure minister Radu Berceanu said Wednesday that if railroad company workers do not give up certain bonuses, the Ministry might wind up unable to pay salaries.

New AH1N1 Virus Patient Confirmed In Romania, Toll Reaches 10

12:15, 10 Iun. 2009

A new case of infection with the AH1N1 virus was confirmed, Tuesday evening, by the Romanian Cantacuzino Institute, namely one person who arrived on June 8 from Toronto, Canada, according to the Romanian Ministry of Health.

Romanian Railway Employees Protest Over Non-Payment Of Back Wages

12:14, 10 Iun. 2009

The employees of the Bucharest and Constanta branches of Romania’s national railway company CFR staged spontaneous protests Wednesday morning, demanding the payment of back salaries for May.

Romanian Normative Acts To Be Amended, Annulled Before Coming Into Effect – Decree

11:07, 10 Iun. 2009

Normative acts can also be amended or annulled upon adoption and prior to their coming into effect, but only based on solid grounds, according to an emergency ordinance approved by the Romanian government.

Romanian Govt To Set Max Rates, Fees In „First House” Program

20:09, 09 Iun. 2009

The Romanian government will set maximum interest rates and fees for banks to take part in the “First House” program, and the client who buys a dwelling that costs more than EUR60,000 will have to pay the difference out of its own funds, banking sources told MEDIAFAX Tuesday.

Franklin Templeton Investments To Manage Romanian Proprietatea Fund

19:32, 09 Iun. 2009

US-based Franklin Templeton Investments won the auction to select the manager of Romanian investment fund Fondul Proprietatea, created to compensate Romanians whose properties were confiscated during the communist era.

Romania’s Petrom Hikes Pump Prices By RON0.06/Liter

19:26, 09 Iun. 2009

Romania’s largest oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will hike Wednesday its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON 4.2775) per liter, due to the international oil price increase, the company said in a statement.

Finnish Authorities Warn Of Pickpocketing In Helsinki By Romanian, Polish Roma Ethnics

19:24, 09 Iun. 2009

Finnish authorities warned the population in capital city Helsinki of ethnic Roma pickpockets from Romania and Poland, stressing they mainly operate in April, May, and throughout the summer season, Helsingin Sanomat informed Tuesday.

Court: Becali Still Not Allowed To Leave Romania

16:36, 09 Iun. 2009

A Bucharest court on Tuesday ruled businessman and politician Gigi Becali is not allowed to leave Romania, pending a trial in which Becali faces charges of kidnapping.

Romanian President Calls On Ruling Parties To Quit Disputes On EU Commissioner Nomination

16:16, 09 Iun. 2009

Romanian President Traian Basescu on Tuesday called on political parties to quit arguing about who should nominate the country’s future European Commissioner, warning such disputes jeopardize the country’s chances to get an important portfolio.

Romanian President Welcomes Senate Chairman’s Intention To Leave Supreme Defense Council

16:11, 09 Iun. 2009

Romanian President Traian Basescu said Tuesday he welcomes Senate Chairman Mircea Geoana’s intention to leave the Supreme Defense Council, but considers it at odds with Geoana’s previous wish for the coalition protocol to stipulate his membership in the Council.

Romania Must Hike Minimum Wage To 50% Of Avg Wage Until 2014 –Labor Min Official

15:46, 09 Iun. 2009

Romania’s Labor Ministry state secretary, Valentin Mocanu, said Tuesday that the minimum wage must reach 50% of the average wage until 2014, adding salaries included in the new wage grid drawn up under the unitary and single pay law, could be granted over the next five to six years.

Allianz-Tiriac, Omniasig, Asirom Remain Top Three Romanian Insurers

15:44, 09 Iun. 2009

Allianz-Tiriac, Omniasig and Asirom are the top three insurance companies by general and life insurance policies underwritten in the first quarter on the Romanian market, the same ranking as in December 2008, according to the Insurance Supervision Commission (CSA).