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Romania’s Petrom Cuts Fuel Prices By RON0.06/Liter

16:22, 06 Iul. 2009

Romania’s dominant oil company Petrom (SNP.RO) cut Monday its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2114) per liter, due to the evolution of the international crude oil prices.

Romania’s June Jobless Rate At 6% From 5.8% In May

16:21, 06 Iul. 2009

Romania’s unemployment rate was at 6% in May, the highest in three years and three months, and 0.2 percentage points higher than 5.8% in May, the National Employment Agency ANOFM said Monday.

Romania’s May Net Salary Dn 3.7% M-M To RON1,356

10:13, 06 Iul. 2009

Romania's net average salary in May was at 1,356 lei (EUR1=RON4.2036), down 3.7% compared with RON1,408 in the previous month, the National Institute for Statistics, or INS, said Monday.

Romania To Pay EUR48M Debt To U.S. Constructor Bechtel In July

15:56, 05 Iul. 2009

Romanian Prime Minister Emil Boc said Sunday the government will pay a EUR48 million debt to U.S. constructor Bechtel in July, for unpaid expenses for works on Transylvania Highway.

Romania Mulls Widening Budget Def To 5.5% of GDP From 4.6% To Fund Infrastructure

15:52, 05 Iul. 2009

Romania will ask the International Monetary Fund to allow it to widen its budget deficit target to 5.5% of gross domestic product from the 4.6% of GDP set in the country’s stand-by loan agreement, people close to the negotiations told MEDIAFAX Sunday.

Romanian Govt To Assign Over EUR100M For Infrastructure By Yearend –PM

13:33, 05 Iul. 2009

The Romanian government will assign over EUR100 million until the end of the year to complete infrastructure works underway across the country, Prime minister Emil Boc said Sunday.

Romanian Iproeb Puts 110 Employees On Technical Unemployment In July

13:32, 05 Iul. 2009

Romanian cable producer Iproeb Bistrita (IPRU.RO) put 110 of its 556 employees on technical unemployment in July, citing lack of orders.

Romania Confirms Three New Cases Of AH1N1 Flu, Toll Reaches 44

19:18, 04 Iul. 2009

Romania’s Cantacuzino Institute has confirmed three new cases of infection with the AH1N1 influenza virus, in two men and a woman who came to Romania on June 28, the Health Ministry said Saturday.

Romanian PM Says Will Skip Vacation This Year To Work On Restarting Country’s Economy

14:27, 04 Iul. 2009

Romanian Prime Minister Emil Boc said Saturday he will not go on vacation this year, because he needs to get the country through a difficult year, adding he hopes his wife and two daughters would understand his decision.

Romanian Democrat Liberal Lawmakers Won’t Impede Prosecution Of Sports Minister – PM

14:16, 04 Iul. 2009

Romania’s ruling Democratic Liberal Party (PDL) will not impede an investigation of democrat liberal sports minister Monica Iacob Ridzi, nor will the party’s lawmakers vote against prosecution if the Anticorruption Department (DNA) requires Parliament approval, Prime Minister Emil Boc said Saturday.

Romanian Teachers To Be Evaluated In Two Stages At The End Of School Year – Draft

14:04, 04 Iul. 2009

Romania’s Ministry of Education, Research and Innovation proposed new performance criteria for teachers in the pre-university education system, who would be evaluated at the end of each school year, in two stages.

EIB OKs EUR370M Loan To Romania For Bucharest Subway Line Construction

14:02, 04 Iul. 2009

The European Investment Bank (EIB) approved the granting of a first tranche of EUR370 million to Romania for the construction of a subway line linking the city center to the Drumul Taberei area in the west, transport minister Radu Berceanu said Saturday.

School Administrative Board To Make Decisions, Principal To Have Executive Role – Draft

14:01, 04 Iul. 2009

Romanian schools will be legal entities where the administrative board will be the decision maker and school principals will have an executive role, according to a draft law of the Ministry of Education regarding decentralization of the pre-university education system.

Romanian Pilot Dies In Small Plane Crash Near Bucharest

10:59, 04 Iul. 2009

A Romanian pilot died Friday evening when the small plane he was flying crashed and caught fire soon after take-off in a field in Clinceni, near Romania’s capital city Bucharest.

Romanian Tourism Min Requests Free Advertising For Local Tourism Campaign

20:32, 03 Iul. 2009

The Romanian Ministry of Tourism asked advertising companies to make available, free of charge, the outdoor billboards they have available, between July 10 and August 31, for the promotion of local tourism.

Three New AH1N1 Infections In Romania, One Patient Has Pneumonia

17:57, 03 Iul. 2009

The Romanian Health Ministry said Friday that three more cases of infection with the AH1N1 virus have been detected, with one patient also suffering from pneumonia, bringing the total number of cases to 41.

Romanian Low Cost Airliner Blue Air Negotiates Acquisition Of 10 Boeing 737 Airships

17:43, 03 Iul. 2009

Romanian low-cost airliner Blue Air is negotiating the acquisition of ten Boeing 737 Next Generation airships, whose costs might exceed $1 billion based on their catalog value, the company announced Friday.

Romanian Agric Tax Evasion Robs State Of RON75M In Jun ’09

17:41, 03 Iul. 2009

The value of losses caused to the Romanian state in June through cereal trade reached 75 million lei (EUR1=RON4.2036), according to Financial Guard official Sorin Florea, who added some 75-80% of employees will be involved in inspections to diminish tax evasion on this segment.

Romanian Football Federation Manager Florin Prunea Suspended

15:41, 03 Iul. 2009

The Romanian Football Federation (FRF) has suspended International Relations manager Florin Prunea, FRF vice-president Patritiu Abrudan told MEDIAFAX on Friday.

Romanian Agric Min Upped Managers’ Bonuses To 50% Of Wages

14:30, 03 Iul. 2009

Romanian agriculture minister Ilie Sarbu increased in June the bonuses for managers in the ministry and subordinated institutions to as much as 50% of wages, from a previous ceiling of 30%, saying they were no longer willing to do their jobs for the wages they got.

Romanian Car Maker Dacia Sees Output At 300,000 Units This Year, Up 23%

13:55, 03 Iul. 2009

Romanian car maker Dacia estimates it will produce almost 300,000 units this year, 23% more than the 242,415 units built last year, general manager Francois Fourmont said at a Friday event marking ten years since Dacia was bought by French group Renault.

Number Of Tourists Entering Romania Dn 10.6% On Yr In May

12:18, 03 Iul. 2009

The number of tourists entering Romania was 10.6% lower in May compared with the same month a year before, while the number of tourists accommodated was down 12.2% on the year, the National Statistical Institute, or INS, said Friday.

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.