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Romania To Receive Next IMF Loan Tranches In Sep, Dec

10:22, 11 Iun. 2009
Romania may access the next two tranches of the International Monetary Fund stand-by loan in September and December, respectively, according to the Technical Memorandum of Understanding published Wednesday.

IMF To First Review Romania’s Program On Sep 15

10:20, 11 Iun. 2009
The first review of the performance criteria set under the program agreed by Romania with the International Monetary Fund will be set for September 15, based on end-June targets, according to IMF.

Romania To Inform IMF On Monitored Public Cos

10:20, 11 Iun. 2009
Romania’s Ministry of Finance, Ministry of Labor and other pertinent institutions will provide information to the International Monetary Fund (IMF) on monitored public enterprises, including sanctions and dismissals operated if restructuring targets are not observed.

IMF: Romania’s Capacity To Repay Loan Is Strong, But There Are Risks

10:19, 11 Iun. 2009
Romania’s capacity to repay the EUR12.95 billion loan from the International Monetary Fund is expected to be strong, but it depends upon the authorities' commitment to the program and their success in rebalancing the economy, the IMF said late Wednesday.

Romanian Auth To Seek Accord With Bks On Foreign Currency Loans Restructuring

10:18, 11 Iun. 2009
Romanian authorities plan to reach an agreement with commercial banks to facilitate the restructuring of household loans contracted in foreign currency by adjusting the maturity and repayment schedule, including offering the option to voluntarily convert it in Romanian lei.

IMF Imposes Romania Performance Criterion On Budget Deficit

10:17, 11 Iun. 2009
Romania negotiated with the International Monetary Fund a budget deficit target of 24.36 billion lei (EUR1=RON4.1998) in 2009, based on RON166.72 billion revenues, not including EU funds, and RON182.72 billion primary expenditures.

Unirea Urziceni Wins Romanian Football Championship

09:44, 11 Iun. 2009
Unirea Urziceni FC won the Romanian championship Wednesday evening, after a 1-1 score against Steaua Bucharest FC.

Outdoor Shows On Romanian Coast May Take Place After 1 AM, Respecting Noise Limit

20:48, 10 Iun. 2009
Outdoor shows or film broadcasts may take place in open theatres or tents on the beach in Romanian resorts between 1 a.m. and 8 a.m., provided maximum noise limits are respected, according to a Government decision.

Romanian Liberals Threaten No-Confidence Motion Over Codes’ Adoption

20:41, 10 Iun. 2009
Romanian Liberal Party, in opposition, on Wednesday criticized the government’s decision to assume responsibility for the criminal and civil codes in parliament and threatened with a no-confidence motion.

Romanian Govt Starts Procedures To Assume Codes In Parl – Sources

20:09, 10 Iun. 2009
The Romanian Justice Ministry said Wednesday the government has decided to assume responsibility in parliament for the criminal and civil Codes, which together with the draft criminal and civil procedure Codes aim to create a coherent and modern legislative framework.

Romanian Fin Min Confident In Solving Farmers’ Demands

19:18, 10 Iun. 2009
Romanian Finance Minister Gheorghe Pogea on Wednesday assured farmers the authorities will find a solution to compensate their dues to the state with the subsidies farmers benefit from through the paying agency in agriculture.

Romania’s PSD Gets 11 MEP Seats, PDL – 10, PNL – 5, UDMR – 3, PRM – 3, E. Basescu – 1 – Final Results

16:27, 10 Iun. 2009
Romanian social democrats (PSD) won the elections for the European Parliament with 31.07% of votes and secured 11 seats in the EU legislative body, while coalition partners democrat liberals (PDL) got 29.71% of votes and ten MEP seats, according to the final election results released Wednesday.

Romania To Set Up Two National Energy Companies With Similar Mkt Shares – Econ Min

15:30, 10 Iun. 2009
Romanian Economy Minister Adriean Videanu presented Wednesday the structure of the two national power companies that will be set up in 2009, which will have similar market shares, according to the energy sector reorganization plan drawn up by the authorities.

Romania Railway Co CFR Transferred RON5.45M Into Salary Accounts Tuesday, Wed – Sources

14:40, 10 Iun. 2009
Romania’s railway company CFR SA on Tuesday transferred 950.000 lei (EUR1=RON4.1998) into the salary accounts of employees with its Bucharest branch and RON4.5 million on Wednesday into the salary accounts of employees with its regional branches, sources within the company said Wednesday.

Romanian Tourism Ministry To Ban Playing Loud Music Outside In Resorts After 1 AM

13:47, 10 Iun. 2009
The Romanian Tourism Ministry plans to ban the playing of loud music or TV outdoors in tourist resorts between the hours of 1 and 8 a.m. and oblige hotels to stay open for the entire length of the holiday season, between May 1 and September 30.

About 1,200 Romanian Farmers Picket Govt HQ Demanding Subsidies

13:35, 10 Iun. 2009
About 1,200 farmers from 25 Romanian counties picket the government building on Wednesday demanding subsidies and the checking of the quality of milk imported in Romania.

Romanian Transport Min Tells Railway Workers To Drop Bonus Demands

12:53, 10 Iun. 2009
Romanian transport and infrastructure minister Radu Berceanu said Wednesday that if railroad company workers do not give up certain bonuses, the Ministry might wind up unable to pay salaries.

New AH1N1 Virus Patient Confirmed In Romania, Toll Reaches 10

12:15, 10 Iun. 2009
A new case of infection with the AH1N1 virus was confirmed, Tuesday evening, by the Romanian Cantacuzino Institute, namely one person who arrived on June 8 from Toronto, Canada, according to the Romanian Ministry of Health.

Romanian Railway Employees Protest Over Non-Payment Of Back Wages

12:14, 10 Iun. 2009
The employees of the Bucharest and Constanta branches of Romania’s national railway company CFR staged spontaneous protests Wednesday morning, demanding the payment of back salaries for May.

Romanian Normative Acts To Be Amended, Annulled Before Coming Into Effect – Decree

11:07, 10 Iun. 2009
Normative acts can also be amended or annulled upon adoption and prior to their coming into effect, but only based on solid grounds, according to an emergency ordinance approved by the Romanian government.

Romanian Govt To Set Max Rates, Fees In „First House” Program

20:09, 09 Iun. 2009
The Romanian government will set maximum interest rates and fees for banks to take part in the “First House” program, and the client who buys a dwelling that costs more than EUR60,000 will have to pay the difference out of its own funds, banking sources told MEDIAFAX Tuesday.

Franklin Templeton Investments To Manage Romanian Proprietatea Fund

19:32, 09 Iun. 2009
US-based Franklin Templeton Investments won the auction to select the manager of Romanian investment fund Fondul Proprietatea, created to compensate Romanians whose properties were confiscated during the communist era.

Romania’s Petrom Hikes Pump Prices By RON0.06/Liter

19:26, 09 Iun. 2009
Romania’s largest oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will hike Wednesday its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON 4.2775) per liter, due to the international oil price increase, the company said in a statement.

Finnish Authorities Warn Of Pickpocketing In Helsinki By Romanian, Polish Roma Ethnics

19:24, 09 Iun. 2009
Finnish authorities warned the population in capital city Helsinki of ethnic Roma pickpockets from Romania and Poland, stressing they mainly operate in April, May, and throughout the summer season, Helsingin Sanomat informed Tuesday.

Court: Becali Still Not Allowed To Leave Romania

16:36, 09 Iun. 2009
A Bucharest court on Tuesday ruled businessman and politician Gigi Becali is not allowed to leave Romania, pending a trial in which Becali faces charges of kidnapping.

Romanian President Calls On Ruling Parties To Quit Disputes On EU Commissioner Nomination

16:16, 09 Iun. 2009
Romanian President Traian Basescu on Tuesday called on political parties to quit arguing about who should nominate the country’s future European Commissioner, warning such disputes jeopardize the country’s chances to get an important portfolio.

Romanian President Welcomes Senate Chairman’s Intention To Leave Supreme Defense Council

16:11, 09 Iun. 2009
Romanian President Traian Basescu said Tuesday he welcomes Senate Chairman Mircea Geoana’s intention to leave the Supreme Defense Council, but considers it at odds with Geoana’s previous wish for the coalition protocol to stipulate his membership in the Council.

Romania Must Hike Minimum Wage To 50% Of Avg Wage Until 2014 –Labor Min Official

15:46, 09 Iun. 2009
Romania’s Labor Ministry state secretary, Valentin Mocanu, said Tuesday that the minimum wage must reach 50% of the average wage until 2014, adding salaries included in the new wage grid drawn up under the unitary and single pay law, could be granted over the next five to six years.

Allianz-Tiriac, Omniasig, Asirom Remain Top Three Romanian Insurers

15:44, 09 Iun. 2009
Allianz-Tiriac, Omniasig and Asirom are the top three insurance companies by general and life insurance policies underwritten in the first quarter on the Romanian market, the same ranking as in December 2008, according to the Insurance Supervision Commission (CSA).

“First Home” Program Should Favor New-Built Dwellings – Romanian Deputy PM

15:20, 09 Iun. 2009
Romania’s deputy Prime Minister Dan Nica said Tuesday the authorities would prefer the "First Home" program to mainly refer to new-built dwellings, in order to obtain a multiplier effect in the economy.

Romanian Needed A Defense Council Decision To Pull Troops From Iraq, Not A Memorandum

14:42, 09 Iun. 2009
Romanian social democrat leader Mircea Geoana said Tuesday he officially required an amendment to the governing protocol and Romania needed a Defense Council decision to pull troops from Iraq, not a mere memorandum with the Iraqi government.

EC Hasn’t Decided On Timing Of Next Justice Report On Romania – EC Spokesman

14:39, 09 Iun. 2009
The European Commission has not yet made a decision on the timing of its next progress report on Romania’s justice system, originally scheduled for July, Commission spokesman Mark Gray told MEDIAFAX Tuesday.

Romanian Senate Chairman Asks Defense Minister For Explanation On Iraq Withdrawal

14:29, 09 Iun. 2009
Romanian Social Democratic Party president Mircea Geoana said Tuesday that his party has asked fefense minister Mihai Stanisoara to appear before Senate and offer explanations on the withdrawal of Romanian troops from Iraq.

Romanian Govt Coalition Parties Both Claim EP Elections Victory, Commissioner Portfolio

14:07, 09 Iun. 2009
The two parties forming the Romanian social democrat and democrat liberal leaders made Tuesday, before the Government coalition meeting, diverging statements regarding the real victory in the EP elections and the right to appoint an European Commissioner.

Romania To Notify EC In July On Reorganizing Energy Sector – Econ Min

13:32, 09 Iun. 2009
Romania will notify the European Commission at the end of July about its plans to reorganize the country’s energy sector, Economy Minister Adriean Videanu said Tuesday.

Romania Jan-May New Car Registrations Dn 57.5% YY To 51,648 Units

13:27, 09 Iun. 2009
Romanian new car registrations fell 57.5% on the year to 51,648 units in the January-May interval, Interior Ministry data showed Tuesday.

Romania Eyes EU Commissioner For Agriculture, Transport, Consumer Protection Or Energy

12:46, 09 Iun. 2009
Romania eyes the sectors of Agriculture, Transport, Consumer Protection and Energy for the appointment of its future EU Commissioner, Romanian deputy prime minister Dan Nica said Tuesday.

Romanian Democrat Liberals Adamant On Keeping Current Govt Protocol

11:09, 09 Iun. 2009
Romanian democrat liberal leaders Vasile Blaga and Gheorghe Flutur said Tuesday, before the Government coalition meeting, that the social democrat leader’s announcement, that he will leave the country's Defense Council, is “a campaign play” adding the coalition protocol will not be changed.

Romanian Senate Chairman To Request Amendment Of Coalition Protocol On Supreme Defense Council

10:46, 09 Iun. 2009
Romanian Social Democratic Party president Mircea Geoana said Monday that he will officially request the amendment of the ruling coalition Protocol, to eliminate the provision whereby the Senate Chairman is also the vice-president of the Supreme Defense Council (CSAT).

Romanian Wanted Felon Shoots Cop To Avoid Arrest

10:22, 09 Iun. 2009
One police office in Romanian town Nadlac (W Romania) was hospitalized after being shot in the stomach Monday night by a wanted felon who was hiding in an abandoned building.