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Rompetrol Group Fully Takes Over Vega Refinery, Increases Stake In Rompetrol Rafinare

19:55, 06 Mart. 2009
Romania’s second-largest oil company Rompetrol Group NV fully took over Rompetrol SA Bucuresti, operator of Vega refinery, thus increasing its stake in its refining unit Rompetrol Rafinare from 73.27% to 75.32%.

Romanian Beaches To Be Leased To Hotel Owners

19:03, 06 Mart. 2009
Romania seaside beaches will be leased to hotel owners this year during the summer season.

Romanian Constr Mkt Won’t Collapse, Invest Continue – Ctrl Bker

17:47, 06 Mart. 2009
The Romanian constructions sector will not collapse, as the private investments will continue and new ones will be launched, central bank governor Mugur Isarescu said Friday.

Bucharest Citizens Are Displeased With Public Transportation – Poll

14:28, 06 Mart. 2009
More than one third of Bucharest citizens are displeased with the quality of public transportation and want single lanes for traffic and more means of transportation at rush hours.

At Least 3,000 Romanian Public Servants Might Rally Saturday

14:24, 06 Mart. 2009
Romanian public servants might start protests Saturday, "Sed Lex" union leader Vasile Marica said Friday, adding that public servants will go on general strike unless their demands are heard.

Romanian-Ukrainian Espionage Scandal Is Economically Motivated, Says Analyst

14:04, 06 Mart. 2009
The espionage scandal involving Romania and Ukraine is connected to economic interests in the Danube area, Ukraine’s wish to join NATO and maybe even territorial claims, says analyst Vitali Kulik.

Romania’s Jobless Rate At 5.3% In Feb Vs 4.9% In Jan

13:33, 06 Mart. 2009
Romania’s unemployment rate went up to 5.3% in February, compared with 4.9% in the previous month, the employment agency ANOFM said Friday.

Two Romanian Officials, Expelled From Ukraine Says Ukrainian Press

13:01, 06 Mart. 2009
Iustinian Focsa, secretary with the Romanian General Consulate in Chernivtsi, and Radu Filip, military attaché with the Romanian Embassy in Kiev, are to be expelled from the country for alleged actions which jeopardize Ukraine’s national security, said sources quoted by the Ukrainskaia Prada.

Parliament, Romanians Must Agree To Foreign Loan – President

12:58, 06 Mart. 2009
Romanian President Traian Basescu will touch the issue of a foreign loan for Romania in his speech in Parliament Monday and said one cannot impose austerity if the population and the Parliament disagree.

Romanian Proprietatea Fund’s Manager Selection Deferred By A Month At Least – Sources

12:46, 06 Mart. 2009
The selection committee of Proprietatea Fund’s manager intends to defer by at least one month the suspension period of the selection process, official sources told MEDIAFAX.

Romanian Local Auth To Require Blocked Accounts For Electroputere Craiova Over EUR1M Debt

12:34, 06 Mart. 2009
The local tax department of the mayoralty in the Romanian southern city of Craiova said it would require the blocking of accounts for electrical equipment maker Electroputere Craiova unless it pays its EUR1 million debt to local authorities.

Romanian Tobacco, Alcohol Excise Upped In ’09, Moves Up EU Set Level -Fin Min

10:37, 06 Mart. 2009
Romanian excise duties would be increased in the near future only for tobacco and alcohol, moving up the increase schedule agreed with the European Commission, minister of Finance Gheorghe Pogea said Thursday.

Romanian Station Pro TV Received The National Association Of Broadcasters’ Excellence Award

10:32, 06 Mart. 2009
Romanian television station Pro TV received the International Broadcasting Excellence Award from the National Association of Broadcasters (NAB), in recognition of its professionalism and involvement in social awareness campaigns promoted in news programs over the past two years, the station said.

Romanian PM: Legally Speaking, Romania Is Not Expelling Ukrainian Officials

10:06, 06 Mart. 2009
Romanian Prime Minister Emil Boc stated for the “Gandul” daily that “legally speaking, we are not talking about an expulsion on the part of Romania,” referring to rumors that certain Ukrainian officials were expelled from the country. He added that the Foreign Ministry will issue a statement soon.

Russian, Romanian Foreign Affairs Mins Discuss Romanian Treasure

21:04, 05 Mart. 2009
The Romanian Ministry of Foreign Affairs said that in the meeting with Russian foreign affairs minister Sergey Lavrov, organized in Moscow, Cristian Diaconescu asked for Russian support in the organization of a new session for the Romanian-Russian commission studying bilateral collaboration problems

Romanian Telecom Regulator Should Align Interconnection Fees – Ops

20:15, 05 Mart. 2009
The Romanian National Authority for Communications needs to align the interconnection fees applied by mobile telephony operators to EUR0.0503 / minute come April 1, due to a request issued Thursday by the European Commission, according to Vodafone Romania and Orange Romania.

EC Welcomes Lower Mobile Termination Rates In Romania

19:25, 05 Mart. 2009
The European Commission on Thursday saluted the Romanian telecom regulator’s move to cut mobile interconnection rates, while including several observations on the differentiated tariffs the regulator proposed for the five largest operators on the local market, EC said in a letter.

German Police Donates Button Cams To Romanian Gendarmerie

18:25, 05 Mart. 2009
The Romanian Gendarmerie received Thursday a donation from the Federal Interior Ministry of Germany, consisting of monitoring equipment worth EUR13,000, to be used by the National Sports Event Information Point.

Romania Senator Sent To Trial On Corruption Charges

17:12, 05 Mart. 2009
Romanian senator Mitron Mitrea was sent to trial by anticorruption prosecutors in the case where he is charged with obtaining benefits for a home owned by his mother.

Romania Might Postpone Enforcement Of Mandatory Home Insurance Law

17:09, 05 Mart. 2009
Romania’s Interior Ministry and the insurance regulator CSA wants to propose a delay in the enforcement of the law forcing people to insure their homes against disasters, planned to become effective as of July 1, the regulator said Thursday.

Romanian President Confident Poland Will Solve Crulic Case

15:43, 05 Mart. 2009
Romanian president Traian Basescu said Thursday in Warsaw, after the meeting with Polish counterpart Lech Kaczynski, that he is convinced Polish justice will solve the case involving Romanian citizen Claudiu Crulic’s death.

Romanian Cable Operators Frown At Proposed 12% Copyright Fee

15:10, 05 Mart. 2009
The Romanian Cable Communications Association warned that an increase from 2% to 12% of the remuneration for copyright and other rights, demanded from cable communications operators by authorities, does not comply with European practices and will bring a 10% increase in subscription fees.

Romanian Education Unions Put Off Collective Labor Contract Negotiation

15:09, 05 Mart. 2009
Romanian unions in the education sector postponed again the negotiation of the collective labor contract Thursday until the government removes provisions that affect the rights of students and teachers from its decree lowering bonuses in the public sector.

Romanian Finance, Environment Ministries OKed Car Tax Refund Procedure

14:43, 05 Mart. 2009
The procedure to refund the difference between the tripled car pollution tax, valid between December 15, 2008 and February 19, 2009, and the one enforced between July 1 and December 15, 2008, has been approved through an order of the Romanian Ministers of Finance and of the Environment.

Romania’s Renegotiation Of Infrastructure Contracts Doubles, Triples Initial Costs – World Bank

14:37, 05 Mart. 2009
Romania’s transport infrastructure costs are among the highest in Europe, largely because authorities repeatedly renegotiate contracts awarded to private companies and final costs are double or even triple the initial level, the World Bank said in a report.

Romanian Police Pressured Rape Suspects Into Confessing In Rome – Paper

14:26, 05 Mart. 2009
Italian police officers said Romanian police officers pressured the two suspects arrested for the rape of a teenage girl, who said they are innocent.

Romania Might Further Hike Vice Tax – World Bank

14:18, 05 Mart. 2009
The vice tax, especially the one applied for tobacco products, might be further increased in Romania, given that other European states have higher taxes per cigarettes compared with Romania, the World Bank stated in a report.

Romanian Govt Halts Raises For Public Sector Employees With High Incomes – PM

14:03, 05 Mart. 2009
Romanian public sector employees with high wages could lose out on raises for a while, as that growth will be redirected towards people with low incomes, in order to ensure the balance between the various categories of employees, Romanian Prime Minister Emil Boc said Thursday.

Lists Of Romanian EP Candidates Require Min 200,000 Signatures

14:00, 05 Mart. 2009
Romania’s lists of candidates for the European Parliament elections due for June must include the signatures of at least 200,000 supporters and must ensure representation of both sexes, according to a government emergency Ordinance approved Wednesday.

Romania’s Pension Sys Is Vulnerable To Political Pressures – WB

13:54, 05 Mart. 2009
The lack of clear regulations for pension adjustments makes the system very vulnerable to political pressures, rising thus the uncertainty on Romania’s fiscal perspectives, but also the participants’ insecurity, a World Bank report said.

Romanian Govt Should Limit Wages, Freeze Hiring, Scrap Bonuses – World Bank

13:47, 05 Mart. 2009
The World Bank recommended that, in the short run, Romanian authorities should only increase wages to cover inflation, freeze hiring and start a multiannual plan to eliminate bonuses, as the lack of a coherent wage strategy has allowed unions to come up with excessive demands.

Romania Faces Risks That May Trigger Econ Downward Spiral – World Bank

13:24, 05 Mart. 2009
Romania faces risks related to the pro-cyclic fiscal policy, salaries, external financing and foreign demand cut, which might trigger an economic downward spiral and banking sector woes, according to a World Bank report issued for Romanian authorities.

Romanian President To Discuss Econ Crisis, Energy Security In Warsaw

11:21, 05 Mart. 2009
Romanian president Traian Basescu said Thursday before leaving for Warsaw, Poland, that discussion topics with Poland will include the economic crisis, energy security and the common EU agriculture policy.

Romanian Leu Opens Up Vs Euro On Positive Reg Sentiment

10:53, 05 Mart. 2009
The Romanian leu opened higher against the euro Thursday, amid a positive sentiment on emerging markets, after US markets closed significantly higher.

Romania To Eliminate 21 Permits Currently Required In Construction, Transport, Tourism, Energy

10:14, 05 Mart. 2009
The Romanian government decided in a memorandum Wednesday to eliminate 21 authorizations currently required in construction, transport, tourism, winemaking and the energy sector by the end of June.

European Parliament Elections To Be Held On June 7

09:14, 05 Mart. 2009
The Romanian Government decided, Wednesday, to hold elections for the European Parliament on June 7.

Romanian Govt Eliminates Demographic Criteria For New Drugstores

19:32, 04 Mart. 2009
Romanian government on Wednesday replaced the demographic criterion to authorize drugstores in the rural areas with a fee paid to the National Drug Agency, in a move to stimulate new openings and ensure medical services in underprivileged regions.

Romanian Buildings Thermal Upgrade 50% Supported By State Budget

18:44, 04 Mart. 2009
Landlords will pay 20% of buildings’ thermal restoration costs, while the state budget’s contribution will increase to 50%, and the rest of 30% will be covered by the local authorities, Romanian government decided Wednesday.

Romanian Bks Assoc Head Pledges For Loans, Despite Higher Costs

18:42, 04 Mart. 2009
The president of Romanian Banks Association, or ARB, Radu Ghetea, recommended clients to continue to take loans, despite higher costs and stricter requirements, adding that the banking system has the necessary financing sources.

Romanian Killer Gets 14-Year Jail Sentence In Italy

18:11, 04 Mart. 2009
One Romanian citizen was sentenced to 14 years imprisonment by an Italian court, for the murder, in December 2006, of a Columbian teacher with whom he was romantically involved, La Nazione informed online.