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Romania Drops Payment Cap For 60-Yr-Old Contributors To Pvt Pension Sys

10:35, 03 Iul. 2009
Romanian contributors to the voluntary private pension system (Pillar III) will be able to cash the entire assets from their personal accounts at age 60, even if their monthly contributions do not meet the required 90 payments, according to a draft act of the country’s regulator CSSPP.

RBS: Romania Falls Out Of Default Risk Countries Category In ’09

20:18, 02 Iul. 2009
Romania fell out of the category of countries potentially vulnerable to sovereign debt crisis in 2009, as its current account deficit, and hence external financing needs are narrowing rapidly on decreasing domestic demand, according to a Royal Bank of Scotland report.

Romanian Lenders To Meet “First House” Financing Conditions With Parent Bks Funding – Ctrl Bker

19:05, 02 Iul. 2009
The Romanian banks could meet the financing conditions asked by the Finance Ministry in the "First House" program only if they get large funds at low costs from the parent banks, the central bank’s Financial Stability Unit Ion Dragulin said Thursday.

Bks Would Probably Restart Lending Competition Soon – Romanian Bks Assoc Head

19:04, 02 Iul. 2009
Romanian banks would probably restart the lending competition soon, for attracting as many clients as possible, Thursday said Radu Ghetea, president of the Romanian Banks Association.

CME Sees Return to Net Profit in 2011 as Advertising Recovers

17:31, 02 Iul. 2009
Central European Media Enterprises (CME) expects a return to profit in 2011, once companies resume spending on advertising, the group’s President and Chief Operating Officer Adrian Sarbu told Bloomberg.

EC To Present MCV Report And EU Fund Management Report For Romania, Bulgaria – Spokesman

16:08, 02 Iul. 2009
The European Commission will present an annual report regarding Romania and Bulgaria’s progress in the fight against corruption and a separate report on the management of EU funds in the to countries, EC spokesman Mark Gray told a news conference Thursday.

Romanian Court Rejects Austrian Strabag’s Appeal Of Hwy Segment Constr Contract

13:43, 02 Iul. 2009
Austrian firm Strabag’s contestation of the contract for the construction of the Romanian Comarnic-Brasov highway segment, won by French company Vinci, has been rejected by the court, Romanian transports minister Radu Berceanu said Thursday.

Romanian Ctrl Bk Gov Says Rating Agencies Were Right

13:23, 02 Iul. 2009
International rating agencies pointed out accurately Romania’s problems, as the country’s image was “very bad”, with a high external deficit and domestic debates on 50% salary hikes, central bank governor Mugur Isarescu said Thursday.

Romanian Pensioners Earning Less Than RON1,500 Should Not Contribute To Public Healthcare

13:11, 02 Iul. 2009
Romanian pensioners requested that people with pensions below 1,500 lei (EUR1=RON4.1892) be exempt from contributing to public health services and asked the Health Ministry to explain what the contribution entails.

Romanian Transports Minister Says Railway Worker Protests Wednesday Were “Justified”

13:01, 02 Iul. 2009
Romanian transports minister Radu Berceanu said Thursday that the protests of employees of national railway company CFR on Wednesday were “justified” and, if union members have found solutions, he is willing to negotiate.

Romania’s Priority Is To Restart Healthy Econ Gwt – Ctrl Bker

12:43, 02 Iul. 2009
The Romanian authorities’ and the central bank’s priority should be restarting healthy economic growth, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Gov: Interest Rates Will Fall Quickly

12:25, 02 Iul. 2009
Interest rates for both deposits and loans in Romania will fall as quickly as the current account gap adjusted, central bank governor Mugur Isarescu said Thursday.

Romania Needs To Rebuild Trust To Overcome Crisis – Ctrl Bk Gov

12:20, 02 Iul. 2009
Rebuilding confidence is essential for Romania’s economy revival from the ongoing crisis, central bank governor Mugur Isarescu said Thursday.

Over 56,000 Cos Might Go Belly Up Without Debt Payment Delay – Romanian PM

19:56, 01 Iul. 2009
Over 56,000 companies would have gone bankrupt if the payment of their budget debts had not been temporarily delayed on the backdrop of the financial crisis, Romanian PM Emil Boc stated Wednesday.

Romanian Govt OKs Health Vouchers

19:18, 01 Iul. 2009
The Romanian executive on Wednesday approved the introduction of health vouchers, setting a maximum yearly cap of 600 lei (EUR1-RON4.1892), Health Minister Ion Bazac said.

Romanian Regional Railway Employees Stop Activity, Bucharest Employees Threaten To Follow Suit

18:35, 01 Iul. 2009
Romanian Transports Ministry state secretary Constantin Axinia said Wednesday that national railway company CFR employees will receive their late salaries by Monday, while those who stop trains will be held responsible and may even be sacked.

Romanian Coaches Must Attend Press Conferences Or Face Fines

18:13, 01 Iul. 2009
Romanian Football Federation's Coach School principal Mircea Radulescu said Wednesday that League I coaches who fail to attend press conferences after official games will be fined 10,000 lei (EUR1=RON4.1892).

New Fees On Roaming Calls, Texts And Surfing In The EU Take Effect

17:04, 01 Iul. 2009
The new costs of texting, calling and web surfing abroad while in the EU, regulated by the European Commission, entered into effect on Wednesday.

Romanian Drivers Can Settle Fender Benders Amiably As Of July 1

15:18, 01 Iul. 2009
Romanian drivers involved in fender benders no longer face fines or license suspensions, provided they choose to settle the incident amiably, road police said.

Romania’s Ctrl Bker Disagrees WithAny Hikes Of Major Taxes

15:14, 01 Iul. 2009
Romanian central bank governor Mugur Isarescu said Wednesday he personally disagrees with an increase in any of the major taxes, and even with talks on this issue, which confuses people and the market even more.

Romanian Cos Targeting 6-Mo Budget Debt Payment Delay To Submit Bk/Property Guarantees

15:07, 01 Iul. 2009
The Romanian companies aiming to postpone paying budget debts for a six-month period will be compelled to guarantee the subsequent debt reimbursement through banking and/or real estate letters of guarantee, which need to cover the deferred amounts and any delay penalties.

Romanian Foreign Ministry Confirms Romanian Woman Victim Of Italy Train Blast

15:03, 01 Iul. 2009
The Romanian Foreign Ministry has received confirmation from Italian authorities that a woman of Romanian nationality is among the victims of the train accident in Italy on Monday night, ministry spokesman Alin Serbanescu told MEDIAFAX on Wednesday.

Romanian Court Sentences Ex-RADET Head Gheorghe Dabela To Six Yrs In Prison For Corruption

14:49, 01 Iul. 2009
The Bucharest Court of Appeals on Wednesday sentenced the former general manager of Bucharest heating company RADET, Gheorghe Dabela, to six years in prison and two years of suspended rights for bribery, after the Bucharest Military Court previously sentenced Dabela to three years in prison.

U.S. Reintroduce 3% Rejection Rate Threshold For Visa Waiver

14:44, 01 Iul. 2009
The United States will reintroduce, as of July 1, a threshold of 3% from the current 10% for visa rejection rates allowing qualification in the Visa Waiver program, as the U.S. hasn’t implemented a system of monitoring exits on airports until June 30.

Romanian Govt , Unions To Discuss Increasing Salaries After July 20 – Union Leader

13:58, 01 Iul. 2009
Romanian union federation “Cartel Alfa” president Bogdan Hossu said Wednesday, after meeting with the prime minister, that talks will be held after July 20 on the possibility of increasing salaries this year according to the economic assessment of the first six months of 2009.

Romanian Woman Among Victims Of Train Blast In Italy – Press

12:42, 01 Iul. 2009
A Romanian woman is among the victims of the freight train explosion that occurred in Italy Monday night, according to Italian news website Affaritaliani.it, which published the provisional list of victims citing medical sources.

Romanian Govt Not Currently Planning To Hike Flat Tax, VAT -Fin Min

12:09, 01 Iul. 2009
The Romanian Government does not currently plan to hike the flat tax or the value added tax VAT, minister of Finance Gheorghe Pogea said Tuesday evening, saying he has not talked to fiscal advisors on this issue.

Romania To Cut No Of Govt Agencies To Half By Mid-July

12:03, 01 Iul. 2009
Romania will cut its number of government agencies to half by July 15, except for structures that have been created following negotiations with the European Union, of which Romania is a member,. Prime Minister Emil Boc said late Tuesday.

Romanian Youth&Sports Min Pledges To Resign If Allegations Proven

20:31, 30 Iun. 2009
Romanian Youth and Sports Minister, Monica Ridzi said on Tuesday that she will resign if prosecutors decide they have a case against her, following allegations of fund misappropriation.

Lowest Price No Longer Sole Criterion For Romanian Public Bids – Transp Min

19:46, 30 Iun. 2009
Romanian Transports Minister Radu Berceanu said Tuesday that the criteria according to which public work contracts are awarded in an auction will be changed, so that the price of the offer will have a weight of 40%, down from the 100% provided by current laws.

Romania Unable To Overpass Crisis On Its Own – Pres

19:20, 30 Iun. 2009
President Traian Basescu on Tuesday said Romania would not be able to exit the crisis by itself, but only along with other states, as the crisis is mainly generated by the low export capacity on affected markets.

Romanian Pres: Govt Must Proceed To CEC Bk Capitalization, Not Wait For EC

19:19, 30 Iun. 2009
Romanian Government must proceed to the capitalization of the state-owned lender CEC Bank and no longer wait for the opportunity decision of the European Commission’s bureaucrats, which is advancing too slowly, the country’s president Traian Basescu said Tuesday.

Romanian Privatization Auth Extends Again Avioane Craiova’s Offer Deadline

17:45, 30 Iun. 2009
Romania’s privatization authority AVAS decided Tuesday to extend again, with 30 more days, the validity of the offer for the sale of state-owned airplane maker Avioane Craiova (AVIO.RO), after the Government received a proposal to extend AVAS’s mandate expiring today.

Romania’s Petrom To Cut Gasoline Prices On Excise Drop, Biofuel Introduction

17:42, 30 Iun. 2009
Romania’s dominant oil company Petrom (SNP.RO) will decrease on Wednesday its gasoline pump prices by 0.06 lei (EUR1=RON4.2067) per liter, on the excise decrease and the introduction of the 4% biofuel-added gasoline, just a day after it enforced a RON0.07 price hike.

Romania’s Presence In Operation Theaters To Lower To 1,667 Troops After Iraq Pullout

17:00, 30 Iun. 2009
The number of Romanian troops in operation theaters abroad will be of 1,667 in 2010 following the pullout of troops from Iraq, Romanian President Traian Basescu said Tuesday after a meeting of the county’s Supreme Defense Council.

Romania, U.S. Co-Chair NATO’s DGP Group On Proliferation

16:09, 30 Iun. 2009
Romania and the U.S. will share the presidency of NATO’s Senior Defense Group on Proliferation (DGP) for one year, between July 1 2009 and June 30 2010, the Romanian Defense Ministry said in a statement Tuesday.

Former Romanian MPs Set Up NGO To Defend Their Rights And Explain Parliament’s Role

15:05, 30 Iun. 2009
Nine former Romanian MPs have set up a society, called the Association of Former Members of Parliament, which is to contribute to the Constitution’s revision, advise new MPs, watch over the separation of state powers and defend the rights of former MPs.

Romanian Senate Delays Vote On Pension, Wage Amassment Law

13:44, 30 Iun. 2009
Romania's Senate on Tuesday decided to return to the Labor Committee the draft law regulating pensions and salary amassment in the public sector, delaying the vote until the fall.

Romanian Ctrl Bk Cuts Key Rate To 9%, Lowers Reserve Ratios

13:11, 30 Iun. 2009
The Board of Romania's central bank decided Tuesday to cut the key monetary policy rate by 0.5 percentage points to 9%, starting with July 1, and to lower the minimum reserve requirements ratios on both Romanian leu- and foreign currency-denominated liabilities.

Romanian Transp Min Appoints New GM At Civil Aviation Auth, Voices 25% Wage Cut

13:07, 30 Iun. 2009
Romania’s transport minister Radu Berceanu on Tuesday said he dismissed the general manager of the Romanian Civil Aviation Authority (AAC), Adrian Vasilache, and appointed Claudia Varlan to this position.