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Romania’s Econ To Return To Positive Growth „Only” In 2H ’10 – IMF Official

13:44, 21 Mai 2009
Romania’s economic activity in the next quarters will depend on domestic policies and on global conditions, but the positive growth will resume only in the second half of 2010, said Tonny Lybek, IMF’s representative for Romania and Bulgaria.

Romanian Supreme Court Postpones Ruling In Bankrupt Fund File For June 4

12:59, 21 Mai 2009
Romania’s High Court of Justice postponed Thursday, for the third time, until June 4, a ruling in the case involving the country’s former National Investment Fund, or FNI, which went bankrupt in 2000.

Romania’s New Fiscal Code To Be Approved In 2H Of ’09 – Fin Min

21:10, 20 Mai 2009
The Romanian Fiscal Code will be approved in the second half of the year, after talks with social partners, said Wednesday finance minister Gheorghe Pogea.

Romanian Placed In Preventive Arrest In Hungary Under Charges Of Terrorism

21:02, 20 Mai 2009
One Romanian citizen from Romanian village Sambrias, Maramures county, Szasz Endre Istvan, was placed under preventive arrest for 30 days in Hungary, under charges of terrorism.

Romania Govt To Pull Initial Draft Legal Codes From Parliament

20:52, 20 Mai 2009
The Romanian Government decided to withdraw from the Parliament the initial draft Criminal and Civil Codes, in order to take responsibility for the new texts, and the Secretariat General of the Government will send to Senate a request in this respect, according to talks in today’s Government meeting

Romanian Government Approved Unitary Pension Law Principles

20:44, 20 Mai 2009
The Romanian Government has approved the principles which will be the base of the new unitary public pension system, deciding that the principle of mandatory occupational pensions be regulated by the Private Pension Supervision Commission (CSPP).

Radu Ghetea To Be Re-Elected President Of Romanian Bk Assoc – Sources

20:42, 20 Mai 2009
Radu Ghetea will be re-elected Thursday as president of the Romanian Banking Association, or ARB, for the fourth consecutive mandate, as many bankers told MEDIAFAX a change in the association’s management is not opportune in times of crisis.

Romania’s Gas Tariffs May Be Cut, According To EU Prices

19:49, 20 Mai 2009
Petru Lificiu, the president of Romania’s energy watchdog ANRE, said during the Government’s Wednesday meeting that the price of natural gas might be cut as of July 1 by a percentage set according to the tariffs in the European Union.

Romania’s Rompetrol Hikes Gasoline Prices By RON0.03 Per Liter

17:37, 20 Mai 2009
Romania’s second-largest oil company Rompetrol increased Wednesday its gasoline prices by 0.03 lei (EUR1=RON4.1630) per liter, while keeping the diesel oil prices unchanged.

Romania To Increase State Aid Ceiling For SMEs – PM

16:33, 20 Mai 2009
Romania will increase the ceiling for state aid granted to small and medium-sized companies, or SMEs, Prime Minister Emil Boc told government members at the beginning of the Cabinet meeting Wednesday.

Drought, Frost Damaged Over One Seventh Of Romanian Crops

15:53, 20 Mai 2009
Droughts and freezing have damaged over one million hectares of crops in fall and spring, from a total surface of seven million hectares, said Wednesday agriculture minister Ilie Sarbu.

Romania’s Water Consumption Could Be Restricted By 15% In Worst-Case Scenario

15:18, 20 Mai 2009
Romania’s water reserves are sufficient and, should meteorologists’ forecasts come true, no restrictions will be levied against the population, industry or agriculture as regards water consumption, the national authority “Apele Romane” (ANAR) said in a statement Wednesday.

Romania’s 2009 B’estfest Edition To Cost EUR3.3M, Gather 70,000 Fans

15:06, 20 Mai 2009
This year’s edition of B'estfest festival, taking place between July 1 and July 5 in Bucharest, has a budget of EUR3.3 million and a total 70,000 people are expected to attend, organizers Emagic said Wednesday during a press conference.

Romania Supreme Court Suspends High Profile Graft Trial

14:56, 20 Mai 2009
Romania’s Supreme Court on Wednesday decided to suspend the trial in which former labor minister Paul Pacuraru and Ilie Morega, member of the General Assembly of Shareholders in thermal power producers Rovinari and Turceni, are prosecuted on corruption charges.

Romanian Football Federation Pres, Officials, Subpoenaed In Corruption Case – Sources

13:56, 20 Mai 2009
The president of the Romanian Football Federation (FRF), Mircea Sandu, the president and vice president of the FRF Appeal Committee, Doru Viorel Ursu and respectively Ion Cazacu, and the president of the FRF Discipline Committe, Daniel Cernat, were subpoenaed by anticorruption prosecutors.

Romanian Govt Will Consider Min Wage Hike After 1H Results – PM

13:20, 20 Mai 2009
The Romanian government doesn’t exclude the possibility of raising the minimum wage but talks on this issue will be held after the analysis of economic results in the first half of the year, Romanian Prime Minister Emil Boc said Wednesday.

Romania Pledges Rough Anti-Corruption Measures In Healthcare

12:44, 20 Mai 2009
Romania’s Health Ministry recently told the officials of the European Commission’s evaluation mission in healthcare that it plans to introduce the co-payment system in healthcare and conduct an audit to monitor public purchases and check the integrity of medical staff in a bid to reduce corruption.

Romania Faces No Systemic Risk In Bk Sector – Ctrl Bker

12:43, 20 Mai 2009
Romania faces no systemic risks in the banking sector, and potential problems of certain lenders will be solved by recapitalization, but not from public funds, central bank's chief economist Valentin Lazea said Wednesday.

Romanian Ctrl Bk May Be Authorized To Request Changes In Bk Mgmt, Hldr

12:19, 20 Mai 2009
The National Bank of Romania might be authorized to request changes in the banks’ management or shareholding, if their activity is considered unsatisfactory, central bank’s chief-economist Valentin Lazea said Wednesday.

Romanian President Welcomes Prince Akishino Of Japan And Princess Kiko

11:45, 20 Mai 2009
Romanian president Traian Basescu and his wife Maria on Wednesday welcomed Prince Akishino, second son of Emperor Akihito and Empress Michiko of Japan, and his wife, Princess Kiko, at the presidential Cotroceni palace.

Fin Crisis May Represent An Opportunity To Launch Reform Process – Romanian PM

11:31, 20 Mai 2009
The financial crisis may represent for Romania an opportunity to develop a process of economic reform, which has been delayed for 20 years, and to regulate certain issues, such as state salaries, the pensions system, and the decentralization, Romanian Prime Minister Emil Boc stated Wednesday.

S Romania Customs Employees Under Arrest On Bribery Charges

10:59, 20 Mai 2009
Eight employees of Romania’s roads and highways company, who work as cashiers in Giurgiu customhouse, southern Romania, were placed under 24-hour arrest on bribery charges.

This Year’s Romanian Fashion Week Put Off For Spring 2010

10:21, 20 Mai 2009
This year’s edition of Romanian Fashion Week, organized in the eastern Romanian city of Iasi, was postponed for spring 2010 on lack of funds, organizers said.

Parent Bks To Ink Bilateral Agreements With Romanian Ctrl Bk In 30 Days

10:17, 20 Mai 2009
The parent banks of the main nine lenders in Romania will sign, in maximum 30 days, bilateral agreements with the National Bank of Romania on keeping the financing lines at the value from the end of March.

Romanian Social Democrat Head Set To “Rebuild” Ruling Coalition If Elected President

10:16, 20 Mai 2009
Romanian social democrat head Mircea Geoana said Tuesday evening at Realitatea TV that if he wins the presidential elections due this autumn, it will be necessary to “rebuild” the current ruling coalition and the Social Democratic Party (PSD) will have to take the helm of the future government.

Potential Bks Over-Taxation Is Proof That Govt Mulls Keeping Funds In Romania – PM

20:19, 19 Mai 2009
The potential over-taxation of the profits obtained by foreign banks in Romania was mentioned as a sign that the government wants the money to remain in the country, Prime Minister Emil Boc said Tuesday, adding the authorities count on the partnership inked with the lenders.

Romanian Govt Signed EUR900M Financing Contracts For EU-funded Projects

20:11, 19 Mai 2009
The Romanian government signed financing contracts worth EUR900 million, since it was installed in December 2008, which target projects also financed from European Union funds and it will assign this year over EUR770 million for rural development projects, Romanian Premier Emil Boc said Tuesday.

Romania Military Bonuses Temporarily Halted, Not Cut Out – Def Min

19:50, 19 Mai 2009
Romanian Defense Minister Mihai Stanisoara on Tuesday said the radiation and confidentiality bonuses in the military sector have been temporarily suspended, not cut out, and that no other bonuses are targeted.

Forty Romanian Roma Agreed To Leave Italy In Exchange Of Money – Press

18:01, 19 Mai 2009
Local authorities in the Province of Pisa, Italy, repatriated 40 ethnic Roma Romanian citizens who agreed to leave Italy in exchange of sums ranging from EUR500 to EUR1,500, AGI news agency reported on its website.

Romanian SMEs May Submit Online Unemployment Statements As Of May 19

16:14, 19 Mai 2009
Romanian small and medium-sized enterprises in Bucharest and surrounding Ilfov county can submit via www.e-guvernare.ro, starting May 19, online statements on the registration of insured employees and contributions to the unemployment security budget toward the National Employment Agency (ANOFM).

Foreign Bks’ Pft In Romania To Be Overtaxed If Financing Lines Aren’t Kept – PM

15:17, 19 Mai 2009
The Romanian government will implement tougher measures, like over-taxing the profits obtained by foreign banks in Romania, if they do not keep their financing lines in the country, breaking thus the agreement reached in March in Vienna, Prime Minister Emil Boc said Tuesday.

Romanian Deputies Ok Additional RON600 Child Indemnity For Each Baby From Multiple Birth

14:05, 19 Mai 2009
Romanian deputies adopted Tuesday, with 216 "pros," 2 "cons" and 4 abstentions, a legislative initiative, which stipulates that women who give birth to twins, triplets or multiples will receive for each baby an additional indemnity of 600 lei (EUR1=RON4.1548) starting with the second child.

Romania Jan-April Car Industry Up 2.1% YY To 83,042 Units

13:29, 19 Mai 2009
Romania’s auto industry rose 2.1% on the year in the first four months to 83,042 units, Romanian Association of Car Manufacturers and Importers (APIA) said in a statement Tuesday.

Privatizations, Public Acquisitions Should Be Sealed On Bourse – Romanian SMEs Min

13:04, 19 Mai 2009
Privatizations and public acquisitions in Romania should be made through the Bucharest Stock Exchange to eliminate any suspicion as to the correctness of the operations, Constantin Nita, the Minister for Small- and Medium-Sized Enterprises, Commerce and Business Environment, said Tuesday.

Romania New Car Sales Dn 35.7% In Apr, Dn 50.8% In Jan-Apr

12:59, 19 Mai 2009
Romania’s new car sales decreased 35.7% on the year in April, to 14,884 units and by 50.8% on the year in the first four months, to 44,558 units, according to the Romanian Association of Car Manufacturers and Importers (APIA).

Romanian Tourism Seen Up 15% If Romanians Use Holiday Tickets To The Max

12:58, 19 Mai 2009
The Romanian Tour Operators’ Association Agency (ANAT) sees Romanian tourism increasing 15% this year if holiday tickets are used to the maximum, agency spokesman Traian Badulescu told a news conference Tuesday.

Romanian Justice Ministry On Schedule With Reforms – Minister

12:53, 19 Mai 2009
Romanian justice minister Catalin Predoiu said Tuesday in his hearing before the Senate’s commission for legal matters that the ministry is on schedule as regards EC required reforms.

Romania To Capitalize CEC, Eximbank, Exempt Reinvested Pft From Taxation As Of 2H – SMEs Min

12:46, 19 Mai 2009
The capitalization of Romanian state-owned CEC Bank and Eximbank, the setup of the fund co-guaranteeing loans for small- and medium-sized enterprises and the tax exemption on the reinvested profit will be made in the second half of 2009, the country's SMEs Minister Constantin Nita said.

Romanian Legal Code Enactment Has Become Political Dispute – Justice Min

12:04, 19 Mai 2009
Romanian justice minister Catalin Predoiu said Tuesday before the Senate's legal committee that the development of the legal codes has become a political dispute after the meeting held on February 26 at the presidential palace.

Depeche Mode Bucharest Gig Might Be Rescheduled For July Or September

11:25, 19 Mai 2009
Depeche Mode’s concert in Bucharest could be rescheduled for July or September, after the show set for May 16 was cancelled over the lead singer’s state of health.