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Romanian Govt Hikes CEC Bk Shr Cap By RON230M, Through Pft Capitalization

17:11, 28 Iul. 2009
Romania's Government raised the share capital of state-owned lender CEC Bank by 230 million lei (EUR1=RON4.2012), at RON949.28 million, through recapitalizing part of the profit registered in 2008, following an order of the Finance minister Gheorghe Pogea.

Adrian Sarbu Appointed Chief Executive Officer Of CME

16:45, 28 Iul. 2009
Central European Media Enterprises (CME) on Tuesday appointed its president and chief operating officer Adrian Sarbu in the position of Chief Executive Officer, the company announced.

Romanian Parl Comm Ends Hearings In Nemirschi Case, Conclusions Due Aug 10

15:59, 28 Iul. 2009
The Romanian parliament committee probing the legitimacy of an EUR500,000 public contract assigned by environment minister Nicolae Nemirschi said on Monday that it has finished the hearings in the case and will present its report on August 10.

Romanian Education Min Reassures Tenured Teachers Won’t Be Laid Off

14:09, 28 Iul. 2009
Romania’s education minister Ecaterina Andronescu on Tuesday said tenured teachers are not all targeted by future layoffs in the education sector, adding only unskilled staff in the sector, whose number amounts to 12,000, will be sacked.

First Tranche Of EU Loan To Romania Has 3.125% Annual Interest, Matures In 2015

13:21, 28 Iul. 2009
The first tranche, worth EUR1.5 billion, from the total EUR5 billion loan taken by Romania from the European Union has an annual interest of 3.125% and matures in 2015.

Romanian Romgaz, Petrom, Foreign Cos Mull Leasing Black Sea Oil Blocks

13:18, 28 Iul. 2009
Romania’s gas producer Romgaz Medias, oil company Petrom (SNP.RO) and several foreign companies are interested to lease oil blocks totaling 30,000 square kilometers in the Black Sea zone in a bid that Romania's Mineral Resources Agency ANRM will launch early November.

Romanian Civil Aviation Regulator Avg Wage Might Be Lowered 23%, To RON6,363

13:11, 28 Iul. 2009
The average monthly wage of employees with the Romanian Civil Aviation Authority could decrease 22.7% this year compared to 2008, to 6.364 lei (EUR1=RON4.2051) from RON8,234, according to the institution’s draft budget.

Law Firm Bostina&Associatii To Provide Expropriation Legal Services For Sun Hwy Segments

11:56, 28 Iul. 2009
Romanian law firm Bostina and Associatii will provide legal services for expropriations after the opening procedures for the works on the segments Cernavoda-Medgidia and Medgidia-Constanta of the Sun Highway in southeastern Romania have been completed.

Romanian Deputies Approve Inquiry Committee For Tourism Min

09:23, 28 Iul. 2009
The plenary of Romania’s Chamber of Deputies approved with 103 votes in favor, none against and no abstention, the setting up of a committee to investigate how tourism minister Elena Udrea spent public money.

Romania’s Chamber of Deputies Sanctions Prosecution Of Ex-Youth Min

21:37, 27 Iul. 2009
Romania’s Chamber of Deputies on Monday evening sanctioned with 192 votes in favor and 35 against the general prosecutor’s request to start prosecution against former youth and sports minister Monica Iacob Ridzi.

Romanian Lower House Approves Report Of Committee Investigating Ex-Youth Min

20:39, 27 Iul. 2009
Romanian Chamber of Deputies approved by majority of votes a decision adopting the report of the committee investigating former youth and sport minister Monica Ridzi, which asks the Government, the Competition Council and the Court of Accounts to check the spending of public funds for Youth Day.

Romanian Lower House Adopts Report On Sterling’s Black Sea Lease Contract

19:55, 27 Iul. 2009
The Romanian Chamber of Deputies approved Monday a decision by which it asks the government and other authorities to analyze the proposals of the investigation committee in the Sterling Resources case and expects a report from the legal commission on starting prosecution of former Premier.

Romanian Government To Notify Prosecutor’s Office In Sterling Probe

19:39, 27 Iul. 2009
Romania's Government finalized the investigations in the case of the contract sealed with Canada's Sterling Resources and decided to notify the Prosecutor’s Office on the report, which shows the agreement with the Canadian company was extended to avoid other auctions.

Prosecutors To Investigate Constanta Mayor For Displaying Nazi Symbols

18:13, 27 Iul. 2009
Romanian social democrat Radu Mazare will be investigated by prosecutors in Constanta, southeastern Romania, for displaying Nazi symbols in a fashion show in Black Sea resort Mamaia.

Romania Swine Flu Cases Climb To 107 – Health Ministry Report

18:11, 27 Iul. 2009
Romania’s Cantacuzino Institute confirmed 46 new infections with the A/H1N1 flu virus during July 20 - 26, bringing the total number of A/H1N1 cases in Romania to 107 over the past two months, Romania's Health Ministry said in a report Monday.

Romanian Lower House Committee Sanctions Prosecution Of Ex-Youth Min

17:56, 27 Iul. 2009
The legal committee in the Romanian Chamber of Deputies on Monday sanctioned with 18 votes in favor and one abstention the general prosecutor’s request to start prosecution against former youth and sports minister Monica Iacob Ridzi.

Romanian Democrat Liberals Back Opening Investigation On Former Youth&Sports Min

15:22, 27 Iul. 2009
President of Romania’s Democrat Liberal Party Emil Boc on Monday said his party backs the commencement of criminal investigation in the case of former youth and sports minister Monica Iacob Ridzi, in order to give her the chance to prove her innocence in justice.

Musicians Snap! To Hold Concert In Bucharest

14:54, 27 Iul. 2009
The band Snap!, famous for hits like "The Power" – one of the best sold tracks of all time, will hold a concert Friday in Bucharest, according to the organizers.

Romania’s Petrom Hikes Fuel Prices By Up To RON0.07/Liter

14:41, 27 Iul. 2009
Romania’s dominant oil company Petrom (SNP.RO) Monday increased its gasoline and diesel oil pump prices by 0.07 lei (EUR1=RON4.2051) and RON0.06 per liter, respectively.

IMF, Romania To Discuss Program Review After Sept 15

14:35, 27 Iul. 2009
The International Monetary Fund’s Executive Board will most likely discuss the report that reviews Romania's economic program supported by the institution in the second half of September, IMF said in a press release Monday.

ArcelorMittal Deals “Unfair Blow” To Romanian Business – Harbor Admins

14:11, 27 Iul. 2009
Romanian harbors and navigable channels authorities said steel processor ArcelorMittal deals a "clearly unfair blow" to Romanian business since it stopped working with Comvex and chose to run raw material transports through the four times more expensive and slower Burgas harbor in Bulgaria.

Romanian PM Designates Team Of Ministers For Talks With IMF, EC

14:05, 27 Iul. 2009
Romanian Prime Minister Emil Boc on Monday nominated the team mandated to have talks with International Monetary Fund (IMF) and the European Commission (EC) on the topics related to state guarantees threshold, resources for investments, tax exemption for reinvested profit and the budget deficit.

Romanian Fin Min Notifies Coalition Upon Receiving EUR1.5B From EC

13:11, 27 Iul. 2009
Finance Minister Gheorghe Pogea notified the PSD-PDL ruling coalition that Monday Romania received the first tranche worth almost EUR1.5 billion from the European Commission loan, PDL vice-president Gheorghe Flutur said at the end of the coalition’s meeting.

Romanian Govt Coalition To Appoint Committee For Pres Elections Law

12:08, 27 Iul. 2009
Romanian Democratic Liberal Party (PDL) vice president Gheorghe Flutur said the Government coalition decided to create a committee, formed of Dan Nica, Viorel Hrebenciuc, Vasile Blaga and Mircea Toader, to develop, by the beginning of the Parliament session, a draft law on the presidential elections

CFR Cluj Win Romanian Supercup After Penalties

00:54, 27 Iul. 2009
CFR Cluj lift Romania’s Super Cup winning over Unirea Urziceni on Sunday night after a tense penalty shoot-out, the match having finished 1-1 after both full and extra time.

Bucharest General Mayor Ponders Run For Presidency

23:36, 26 Iul. 2009
Bucharest general mayor Sorin Oprescu told Antena 3 channel on Sunday evening that he’s considering participating in the presidential elections as independent candidate and that he will decide in the upcoming period.

Patients To Have Representatives In Romanian Doctors College

17:15, 26 Iul. 2009
The National Council of the Romanian Doctors College (CMR) on Friday decided that patients will be represented in the special committees of the institution, according to a press release sent on Sunday.

Romanian Govt Mulls EC Approval To Cancel Debts Of Thermal Pwr Plants, Compensate Other Debts

16:16, 26 Iul. 2009
Romania’s Government wants to ask for the European Commission’s approval to cancel the debts accumulated by 35 thermal power plants until 2009, which exceed 1 billion lei (EUR1=RON4.2156), and to compensate their other debts and those of local transport companies up to a limit of RON185 million.

Romanian Social Democrats Ask Ruling Partners To Explain Use Of IMF Loan

15:32, 26 Iul. 2009
Romania’s Social Democratic Party asked the finance minister and the Democrat Liberal Party to explain how the first EUR5 billion of the IMF loan and the tranches from the EU and the European banks have been used, what their results are and what it plans for the next EUR2 billion tranche.

Chicane To Perform In Bucharest At Tuborg Green Fest

14:28, 26 Iul. 2009
Chicane, one of the world’s most appreciated electro-dance bands, will perform in Bucharest at Tuborg Green Fest in the first week of September, in Izvor Park near the Parliament Palace in Bucharest, according to a press release.

Romanian PM Calls For Banks’ Fast Response To Loan Requests

17:42, 25 Iul. 2009
Romanian Prime Minister Emil Boc on Saturday said he will have talks with the banks’ representatives to ask them to hasten the deadline for responding to companies’ request for loans.

18 People Found With A/H1N1 Virus In C Romania During Summer School

17:12, 25 Iul. 2009
Eighteen people in Brasov, central Romania, of whom five are Romanians, were confirmed to carry flu virus A/H1N1 by Cantacuzino National Institute, the Health Ministry said in a press release.

Romanian Social Democrats Back Parliamentary Investigation For Tourism Min

15:21, 25 Iul. 2009
Romania’s Social Democratic Party supports the setting up of a parliamentary committee to investigate tourism minister Elena Udrea, party spokesperson Bogdan Niculescu Duvaz said on Saturday, pointing to the case of former sports minister Monica Iacob Ridzi.

Romania’s “First Home” Program To Gain Funds Next Yr Too, If Successful – PM

14:56, 25 Iul. 2009
If the “First Home” program is successful, it will be further funded by state guarantees next year, Romanian Prime Minister Emil Boc said in a press conference on Saturday.

Romanian Govt Promotes In ’09 Most Substantial EU-Funded Projects Session – PM

11:50, 25 Iul. 2009
Romanian Prime Minister on Saturday said the government is promoting this year the most substantial projects session meant to absorb European funds in 2009 and 2010, when the projects are likely to be implemented.

Romania Received First EC Loan Tranche Worth EUR1.5B – State Secretary

09:51, 25 Iul. 2009
Romania received the first part worth EUR1.5 billion of the loan from the European Commission, state secretary within Romania’s Finance Ministry, Gheorghe Gherghina told MEDIAFAX.

Colliers: „First House” Program Ups 2-Room Flat Prices In Bucharest By 15%

19:15, 24 Iul. 2009
The price of old two-room apartments in Romania’s capital city Bucharest rose 10%-15% after the government launched the "First House" program, according to real estate consultancy firm Colliers.

Romanian Health Min Wants 50% Wage Cut For Ministers

17:06, 24 Iul. 2009
Romanian health minister Ion Bazac agrees with the prime minister’s proposal to reduce by 20% the ministers’ wages, from August until December, and wants to ask for a 50% cut, health ministry spokesperson Oana Grigore told MEDIAFAX Friday.

Romanian National Railroad Company Rents Out Train Station Spaces

16:17, 24 Iul. 2009
Romanian national railroad company CFR SA intends to put up for rent commercial spaces in 12 train stations, including Bucharest North, at starting rents between 0.8 lei (EUR1 = RON4.2156) and RON500 per square meter, VAT excluded, per month, according to the company.

Romanian PM Proposes 20% Wage Cut For Ministers In „Rational Spending” Bid

15:26, 24 Iul. 2009
Romanian Prime Minister Emil Boc on Friday said he would propose all ministers to have their salaries cut by 20% from August until December, in a move to keep tighter grip on public spending, adding he will accept to have his salary cut.