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Romania’s 7-8% Econ Contraction, A “Disaster” For Business Environment – Assoc

18:57, 31 Iul. 2009
The economy contraction of 7-8% forecasted for 2009 will represent a "big disaster" for business environment and will trigger the bankruptcy of companies and the reorganization of certain economy subsectors, said Florin Pogonaru, head of Romanian Businessmen Association AOAR

Romanian Govt Wants Pocketless Dealers In Casinos – Law

18:09, 31 Iul. 2009
Romanian casino staff must wear pocketless uniforms while at work, while casino operators will be compelled to keep records of the tips received by dealers, waiters and cashiers, according to a government decision with respect to gambling.

EU Experts Conclude Romania Can Meet Schengen Visa Standards – FM

16:48, 31 Iul. 2009
Romanian foreign minister Cristian Diaconescu said EU experts concluded Romania can meet Schengen visa standards and made some recommendations for the country to adapt procedures to European norms.

Romania Roads Auth Gets 7 Bids To Expand Highway Segment

14:42, 31 Iul. 2009
Romania’s public roads authority CNADNR on Friday announced it has received seven bids for an estimated contract of 196.85 million (EUR1-RON4.2127) to expand to three lanes the highway segment Moara Vlasiei-Ploiesti.

Romania’s Foreign Ministry Cut 55 Jobs Amid Financial Restrictions – Minister

14:37, 31 Iul. 2009
Romania’s foreign affairs minister Cristian Diaconescu on Friday said the ministry decided to scrap 55 jobs, in the fallout of financial restrictions, of which, 35 in the diplomatic service, 17 in the technical-administrative service and three jobs at local level, adding job cuts will continue.

Romanian Footballer Mutu’s EUR10M Fortune Not Enough To Cover Debt To Chelsea

14:27, 31 Iul. 2009
Romanian footballer Adrian Mutu doesn’t have enough money to pay a EUR17 million debt to Chelsea because his fortune is estimated at just EUR10 million.

Romanian FM Says Allegations Of Romanian Executed In China Don’t Check Out

14:16, 31 Iul. 2009
Romanian foreign minster Cristian Diaconescu said Friday the ministry has no information confirming that a Romanian national was sentenced to death and executed for drug dealing in China.

Court Confirms FIFA Decision, Dismisses Appeal Of Romanian Player Adrian Mutu

14:06, 31 Iul. 2009
The Court of Arbitration for Sport on Friday said it dismissed the appeal filed by Romanian football player Adrian Mutu against the decision rendered by FIFA’s Dispute Resolution Chamber of 7 May 2008 obligating Mutu to pay EUR17 million in compensation to Chelsea FC for breach of contract.

Romanian Govt To Set Costs Standards For Staff Expenses In All Public Institutions

12:34, 31 Iul. 2009
The Romanian government will extend the calculation system for staff expenses using cost standards to all public institutions, including ministries, to establish the number of staff and amounts of money required, Prime Minister Emil Boc said Friday.

Romanian PM In Talks With Ministers To Cut Number Of Govt Agencies

12:04, 31 Iul. 2009
Romanian Prime Minister Emil Boc meets Friday with the ministers of development, finance, SMEs and a representative of the Ministry of Environment to discuss ways to reduce the number of government agencies.

Romanian PM Appoints Former Athlete Doina Melinte State Secretary

10:19, 31 Iul. 2009
Romanian Prime Minister Emil Boc on Friday signed the decision appointing former athlete Doina Melinte to take over the state secretary seat within the Ministry of Youth and Sports after the resignation of ex-gymnastics coach Octavian Bellu.

Romania’s Steaua Wins Home Match Against Scottish Motherwell In 3rd Prelim Round Of Europa League

10:16, 31 Iul. 2009
Romania’s FC Steaua Bucharest secured a 3-0 home victory against Scottish team Motherwell in the first-leg meeting of the third preliminary round of Europa League.

Romania Paid Second-Lowest Minimum Wage In EU In Jan ‘09 – Eurostat

22:23, 30 Iul. 2009
The minimum wage in Romania of EUR153 was second-lowest in the European Union in January, after Bulgaria, with a minimum wage of EUR123, according to a report of Eurostat, the Statistical Office of the European Commission.

Romania Won’t Meet Targets Agreed With IMF – President

19:38, 30 Iul. 2009
President Traian Basescu Thursday said Romania cannot fulfill the targets agreed with the International Monetary Fund for 2009, as the economy contraction would be larger than projected.

Romanian Education Min, Unionists Want To Turn “Good Laws” To „Convenient” – President

19:02, 30 Iul. 2009
Romanian President Traian Basescu on Thursday said on public radio RRA that the meeting of education minister Ecaterina Andronescu and the unionists in the sector eyes transforming a good set of laws, beneficial to the education, into a “convenient” one.

Romanian Govt Mulls Compelling Bks To Answer Loan Applications In 30 Days – Sources

15:40, 30 Iul. 2009
The Romanian Government aims to compel banks to answer loan applications in maximum 30 days, either by amending the legislation in force or by adopting a distinct law for all types of loan applicants, official sources told MEDIAFAX.

Romanian Auto Mkt Declined 58% In 1H, More Than Statistics Show -Official

15:29, 30 Iul. 2009
The Romanian auto market declined about 58% in the first half of the year, stronger than the decline indicated by statistics which counted sales outside the country as sales on the local market, said Thursday Brent Valmar, head of the country’s Association of Carmakers and Importers (APIA).

Romanian President Wants Urgent Layoff Of 20% Of Public Servants

15:17, 30 Iul. 2009
Romanian President Traian Basescu on Thursday said on public radio RRA the Government should hurry and lay off many public servants working for the state apparatus, suggesting that 20% of them are “useless”.

Romanian Rail Ops To Pay Differentiated Taxes To Use CFR Infrastructure

15:15, 30 Iul. 2009
Romanian state-run rail company CFR SA will charge rail operators differentiated fees for utilizing its infrastructure, based on a series of indicators including tonnage and the distance travelled, according to a government act published Wednesday.

Romanian President Accuses Vladimir Voronin Of „Bolshevik Propaganda”

14:46, 30 Iul. 2009
Romanian President Traian Basescu said Thursday on public radio RRA that the results of presidential elections in the Republic of Moldova indicate the victory of the democratic opposition and accused incumbent president Vladimir Voronin of "Bolshevik propaganda.”

Romania’s Energy Watchdog Sees Gas Consumption Dn 19% In 2009

13:48, 30 Iul. 2009
Romania’s natural gas consumption is seen down 19% in 2009, at 12.5 billion cubic meters, from 15.5 billion cubic meters a year earlier, according to the Energy Regulatory Authority's (ANRE) forecasts.

Fin Min: Romania’s GDP May Contract 8% In ‘09

13:26, 30 Iul. 2009
Romania's finance minister Gheorghe Pogea Thursday said the gross domestic product may fall 8% this year and the forecast of a 4.1% contraction set in the agreement with the International Monetary Fund would be revised.

IMF „Flexible” In Negotiations With Romania On Wider Budget Def – Mission Head

13:24, 30 Iul. 2009
The International Monetary Fund will be "flexible" in negotiating with Romania a wider target for the 2009 budget deficit as macroeconomic indicators worsened, but an exact figure cannot be announced yet, said Thursday Jeffrey Franks, head of the IMF mission in Romania.

Romanian Businessman Arpad Paszkany Indicted On Corruption Charges

13:03, 30 Iul. 2009
Romanian organized crime prosecutors in Cluj county, northwestern Romania, on Thursday indicted businessman Arpad Paszkany on charges of backing an organized crime group and resorting to blackmail to obtain illicit gains.

Romanian Min: Education Sector Laws Must Be Put Up For Public, Parliament Debate

11:53, 30 Iul. 2009
Romania’s education minister Ecaterina Andronescu on Thursday said the laws regulating the education sector must be put up for public debate and also discussed in Parliament, arguing she wants ministry officials to complete talks with the unionists until August 14 in order to draft effective laws.

Romanian Highways Upkeep To Cost Over RON330M In 2009-2012

11:48, 30 Iul. 2009
Romania’s national road authority CNADNR estimates the maintenance of its highways will cost 330.389 million lei (EUR1=RON4.2138), VAT not included, in the period 2009-2012.

Two Animal Waste Collectors Dead, One Badly Intoxicated In Labor Accident In NW Romania

11:35, 30 Iul. 2009
Two employees of animal waste collector SC Protan Dej, northwestern Romania, died Wednesday night and one is severely intoxicated with ammonia vapors used to process animal waste.

Romanian Govt Asks IMF For Budget Def Target Hike

10:54, 30 Iul. 2009
The Romanian government asked the International Monetary Fund to hike the budget deficit target for 2009 and tax exemption for the reinvested profit as economy continues to fall, and IMF officials had a "flexible" attitude regarding the deficit, as long as it is kept within sustainable limits.

Romanian Prison System Unionists Put Off Warning Strike, Start Talks

10:23, 30 Iul. 2009
Unionists in Romania’s prison system said they decided to put off the warning strike planned for Thursday, July 30, in the wake of talks on amending the collective labor agreement, revising the budget and drawing up the necessary normative acts in the sector.

Romania PM: Unitary Wage Law Ready Until Aug 14, Govt To Assume Responsibility In Parl

09:20, 30 Iul. 2009
Romania’s Prime Minister Emil Boc on Wednesday said the draft unitary pay law for the public sector will be completed until August 14, arguing he personally thinks the government ought to assume responsibility for the law in Parliament.

Romanian Govt Ratified Stand-By Agreement With IMF Before Meeting Fund’s Mission

20:39, 29 Iul. 2009
The Romanian Government on Wednesday ratified the stand-by agreement with the International Monetary Fund before the meeting with the IMF mission to Bucharest, by a law draft that will be sent to the Parliament for adoption.

Wages For Govt Agencies To Be Set By Govt At Decent Level – Romanian PM

20:27, 29 Iul. 2009
The wages for some managers or drivers within the government agencies, which currently reach sums between 4,100 lei (EUR1=RON4.2138) and RON17,600, will be brought to a reasonable level, Prime Minister Emil Boc said, adding the agencies’ revenues will go to the budget.

IMF Mission Meets Romanian Ctrl Bk Governor Wednesday

16:39, 29 Iul. 2009
The International Monetary Fund mission in Romanian will meet Wednesday the central bank governor Mugur Isarescu and, later in the day, the group of ministers nominated to negotiate with the institution, governmental sources told MEDIAFAX.

No Of Romanians With Overdue Retail Loans Exceeding 30 Days Up 48% YY In May

16:12, 29 Iul. 2009
The number of Romanians with retail loans overdue by more than 30 days rose by 200,000, or 47.7% on the year in May, at around 600,000 people, while overdue loans exceeding 90 days represent 82.4% of the total late payments, of 1.73 billion lei (EUR1=RON4.2138), according to central bank data.

Romanian Bks Took RON352M Short-Term Loans From Ctrl Bk In June, Highest In 3 Mos

16:02, 29 Iul. 2009
Romanian lenders borrowed 352 million lei (EUR1=RON4.2138) in June from the central bank BNR through the lending facility, the highest level since March, the central bank said Wednesday.

Israeli Doctors Attempting To Leave Romania On Tue Had No Work License – Prosecutors

15:18, 29 Iul. 2009
Two Israeli doctors who were applied preventive arrest in the investigation of fertility clinic Sabyc after attempting to leave Romania on Tuesday had been working without license, sanitary authorization and without the approval of the Doctors College.

Parliamentary Committee Investigating Tourism Min To Meet On Aug 4

13:45, 29 Iul. 2009
The parliamentary committee investigating Romanian tourism minister Elena Udrea will meet on August 4 at 11 a.m. for its first meeting, head of the committee, liberal lawmaker Ludovic Orban told MEDIAFAX Wednesday.

Romanian Police Terminated Nine Car Purchase Contacts, Cut Spending By Over 60%

13:08, 29 Iul. 2009
The Romanian General Police Department (IGPR) decided to terminate nine contracts on the purchase of police cruisers, which translates into an over 60% cut in spending, IGPR head, quaestor Petre Toba, said Wednesday, adding none of these contracts were unfolded and no payments were made so far.

CME 1H Revenues Down 38%, To $327.4M

12:59, 29 Iul. 2009
Net revenues of Central European Media Enterprises (CME) decreased 38% in the first half of the year, to $327.4 million and the broadcasting company ended the first half with a net loss of $24.6 million over declining advertising markets, CME said in a press release Wednesday.

Romanian Mefin Sinaia Extends Furlough For 89 Employees

11:26, 29 Iul. 2009
Romanian car parts maker Mefin Sinaia (MEF.RO) extended the furlough period by 30 days, until August 31, for 89 employees, the company announced Wednesday.