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Romanian Politicians Treat Econ Crisis Too Dramatically – Ctrl Bk Head

Romanian politicians treat the economic crisis in an overstressed way, and they should apply already tested solutions, the central bank’s governor Mugur Isarescu said Wednesday.

Romania’s Bks To Notify Insolvent Clients To Ctrl Bk In 2-Days

The Romanian banks should send the central bank BNR, as of next week, information on the clients subject to insolvency procedure, in two working days from the clients' notification.

Bucharest Apartment Prices Unchanged On Month In April – Colliers

The average price of both old and new apartments in Romania’s capital city Bucharest was flat on the month in April, after the sharp depreciation in March, real estate consultancy firm Colliers International said Wednesday in its most recent price index.

Decision To Adopt Responsibility For Codes Must Be Taken In Coalition – Romanian PM

The decision that the Romanian Government take responsibility before Parliament for the legal codes will be taken in the ruling Coalition, Prime Minister Emil Boc said Wednesday.

Romanian Parliament Rejects Liberals’ No-Confidence Motion

Romania’s Parliament voted 272 to 130 to reject the no-confidence motion submitted by opposition liberals and backed by the Hungarian minority party.

Romanian Holiday Tickets Still To Gain Popularity – Tour Operators

Romania’s recently introduced holiday tickets for employees seem to lack popularity, as tour operators have yet to receive vacation requests from people who wish to use the tickets to pay for their vacation, officials of tour operators said Wednesday.

Vinci-Aktor Consortium To Build Comarnic-Brasov Hwy Segment – Romanian Transp Min

Romania’s transport minister Radu Berceanu said Wednesday that the consortium formed of companies Vinci Concession, Aktor Concession, Vinci Construction Grand Projets and Aktor won the auction for the construction of a highway segment to link central Romanian cities of Comarnic and Brasov.

Romanian Transport Min Blasts Transporters For Poor Road Quality

Romanian transport companies are the ones bringing the most damage to roads, and some of them don’t pay road toll, put too much cargo in their trucks and "are the first ones to complain about the bad roads," said transport minister Radu Berceanu in a press conference.

Romanian Justice Min Says Social Democrats Attacks Against Him Political

Romanian justice minister Catalin Predoiu said Wednesday, referring to the Social Democratic Party’s intent to demand his dismissal in case the European Commission’s report on the justice system is unfavorable, that some are interested in politics, he is interested in running projects.

EC Launches Excessive Deficit Procedure Against Romania

The European Commission initiated Wednesday the excessive deficit procedure for Romania, which posted a budget deficit of 5.4% of the gross domestic product in 2008, after concluding the excess was not exceptional and temporary.

Depeche Mode Romanian Gig Uncertain Following Frontman’s Illness

The concert of electric-pop pioneers Depeche Mode scheduled for May 16 in Bucharest is uncertain following the frontman’s state of health, but organizers Emagic said they are expecting news about Gahan Wednesday.

Romanian PM Blasts Former Liberal Govt Over Country’s Ailing Economy

Romanian Premier Emil Boc said Wednesday in the plenary Parliament meeting on the no-confidence motion "The great PDL-PSD hoax" that the European Commission’s decision to launch excessive budget deficit procedure against Romania represents the actual no-confidence motion.

Romania Makes It Into 2009 Eurovision Song Contest Final

Romania's contender for the Eurovision 2009 Song Contest, Elena Gheorghe, and her song "The Balkan Girls" qualified for the Eurovision final to take place Saturday, May 16, after the first semi-final held Tuesday night at the Olimpiyskiy Arena in Moscow.

EIB OKs EUR600M Loan To Ford For Operations In Romania, Germany

The European Investment Bank approved Tuesday a EUR600 million loan to US carmaker Ford, for the construction and operation of a vehicle and engine plant in Craiova, Romania, and for research and development related activities for the plant carried out in Germany.

Romanian Court Rules To Release One Football Corruption Suspect, Four Others Remain In Custody

Romania’s Pitesti Appeal Court decided Tuesday to release former Central Referee Commission vice-president Marcel Lica, while the other suspects in the referee corruption case will remain under arrest for another 30 days.

American Plane Headed For Qatar Makes Emergency Landing In E Romania

An American Hercules C – 130 military plane, carrying 32 people, going from Bucharest to Qatar, made an emergency landing Tuesday on the "Mihail Kogalniceanu" airport, in eastern Romanian city Constanta, when pilots noticed smoke coming out of the control panel.

Romanian Social Democrats To Request Justice Min Dismissal If EC Report Unfavorable – Sources

The Romanian Social Democratic Party (PSD) will request the dismissal of justice minister Catalin Predoiu in case the European Commission’s report on the Romanian justice system is unfavorable, party sources said.

Quake With 4.2 Richter Magnitude Felt Tuesday Morning In C Romania

An earthquake with a 4.2 magnitude on the Richter scale occurred Tuesday morning at 04.15 local time, in central Romanian region Vrancea, and it was not felt in Bucharest, according to the Romanian National Institute for Research and Development in Earth Physics.

Romania’s Govt To Decide On Minimum Tax After Evaluating Econ Growth – PM

Romania’s Government will evaluate the impact of the minimum tax on companies and will make a decision in this respect according to the evolution of the country’s economy, Prime Minister Emil Boc said Tuesday.

Romanian Transp Min Shuts Down Unprofitable Rail Route

Romania’s Transport Ministry will end the service on the rail route connecting Bucharest northern train station to Otopeni Airport due to losses, minister Radu Berceanu said Tuesday.

Former Romanian General Released From Prison For One Year On Health Issues

The Romanian Territorial Military Court of Bucharest approved, on Tuesday, former General and Defense Minister Victor Athanasie Stanculescu’s request to interrupt his 15-year prison sentence and decided to release him for one year, so that he could solve his health problems.

Romanian President Replies To Senate Head’s Open Letter

Romanian president Traian Basescu sent a letter Tuesday to social democrat leader and Senate chairman Mircea Geoana regarding the debates on the legal codes.

Citi Sees Romanian Leu At RON3.95 Vs Euro By Yearend

Citi analysts revised down their forecast on Romanian leu exchange rate at the end of 2009, at RON3.95 to the euro, from its previously estimated RON4.2 against the euro, the bank said in a report.

Romanian Social Democrat Head At Odds With President Over Adoption Of Legal Codes

Romania’s Social Democratic Party (PSD) president, Mircea Geoana, said Tuesday that president Traian Basescu’s accusations alleging he plans to boycott the adoption of the country’s legal codes are absurd, adding Basescu plans to lay all the blame on the Parliament and the social democrats.

Romania’s PC Software Piracy Rate Dn 2 Points In 2008, To 66%

Romania’s PC software piracy rate decreased two percentage points in 2008, to 66% from 68% in 2007, while losses in the local software industry increased 65% to $249 million, according to a report of Business Software Alliance (BSA) published on its official website.

Contesting Public Procurement Auctions, Romania’s New National Sport – Transport Min

Contesting public procurement contract awarding has become a national sport in Romania, where contenders challenge auctions just to stop the auction winner from starting works and block the use of national and EU funds, Romanian transport minister Radu Berceanu said Tuesday.

Romanian Official: Decentralization In Education May Start In Three Months

The contests needed to appoint school principals, substitute teachers and to grant tenure should be organized at local level, according to the decentralization process, which could start as soon as in three months, Liviu Dragnea, head of the Union of Country Councils in Romania, said Tuesday.

Romania’s April CPI +0.27% M-M, Annual Inflation Narrows To 6.45%

Romanian consumer price index rose 0.27% in April compared with the previous month, and the annual inflation fell to 6.45 % from 6.71% end-March, the National Statistics Institute reported Tuesday.

Romanian Lender BCR To Reschedule 20,000 Retail Loans

Romanian lender Banca Comerciala Romana, or BCR, plans to reschedule 5,000 mortgage or consumer mortgaged loans and 15,000 consumer loans, out of around one million loans granted by the bank on the retail segment, BCR’s Executive Vice President Martin Skopek said Monday.

Romanian Parliament Sets Up Sub-Committee For Space

Romania’s parliament has a new Sub-Committee for Space, whose role is to transpose the European norms in the sector into national legislation, liberal Deputy Relu Fenechiu said Monday.

Romanian Court Rules To Release Football Corruption Suspects

The Romanian Arges Court decided to release football corruption case suspects Cornel Penescu, Cristian Libertatu, Liviu Facaleata, Gheorghe Constantin and Marcel Lica, but the ruling may be appealed.

German Parliament Decision On Funds For Romania Unrelated To MCV In Justice – TI

Transparency International Romania (TI-Ro) said the German Parliament’s decision to cut European funds for Romania was not taken as part of the Mechanism for Cooperation and Verification (MCV) in Justice, but depending on its results.

A Third Of Romanian Companies To Make Layoffs In ’09 – Survey

More than 30% of private companies in Romania will make lay off staff in 2009 to cut costs, while 41% of the companies planned a lower salary budget this year because of the economic turmoil, according to a survey of research company Hewitt Associates.

Minimum Salary Boost Threatens Romania’s Econ Stability – Employers

The rapid growth of the Romanian minimum salary from the current 600 lei (EUR1=RON4.1560) to RON1,600 or RON1,700 over the next 2 or 3 years and the approval of unrealistic salary grids over the next 3 to 5 years threaten economic stability, an employers confederation said.

EC Spokesman Deems Speculations On Romanian Justice Report Aftermath Premature

It is premature to speculate on what will happen after the European Commission issues its report on the Romanian justice system, EC spokesman Mark Gray told MEDIAFAX Monday, in reply to statements made by the Romanian Senate chairman, who said Romania risks losing EU funds.

EU Funds To Romania May Be Cut After EC Summer Report – Social Democrat Leader

Romanian Social Democratic Party president Mircea Geoana said on Monday that there is information which says European funds for Romania may be cut after the Commission’s Report on Justice this summer and urged President Traian Basescu and relevant institutions to take measures to avoid this risk.

Mins At Odds With Govt Acts Should Resign – Democrat Liberal VP

Romanian Democratic Liberal Party vice-president Theodor Stolojan said Monday after the party’s National Standing Office meeting that the members of the government coalition need to show solidarity in the decisions made, and those who feel otherwise can resign.

April Data, A First Sign On Economy Relaunch – Romanian Min

Romanian deputy prime minister Dan Nica stated Monday, after the ruling coalition’s meeting, that April’s economic data presented by the Finance Minister Gheorghe Pogea show a first sign of economic relaunch.

Romanian Businessmen Assoc Asks Govt For 3-Yr Fiscal Strategy

Romanian Businessmen Association AOAR asked the government and the Finance Ministry to draft a fiscal strategy for at least 3 years, saying that the government’s contradictory statements on various fiscal measures in 2009 and 2010 are confusing for the business environment.

Former Romanian Integrity Agency Inspector Charged With Fraud

Former Romanian National Integrity Agency inspector Fanel Burciu is being investigated by prosecutors in connection with fraud charges, after the Agency noticed he was cashing salaries of around 100,000 lei (EUR1=RON4.1380), despite his being unfit for work, according to his medical papers.