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Romania To Get 1st Tranche Of EC Loan End-June

19:49, 29 Apr. 2009
Romania will receive the first tranche worth of EUR1.5 billion from the EUR5 billion loan granted by the European Commission by the end of June or early-July, Finance Ministry secretary of state Gheorghe Gherghina said Wednesday.

Romanian Bks Want Insolvency Rules Amending

19:46, 29 Apr. 2009
Romanian banks want the amending of the insolvency legislation in order to limit the cases in which a creditor could ask for the insolvency of a company for debt non-payment, as the lenders are forced to book provisions or even start the debtor's foreclosure.

Romanian Response To Moldova ‘Inadequate’, Increased Tension – PACE

17:25, 29 Apr. 2009
A report which will be under debate Wednesday evening in a special session of the Parliamentary Assembly of the Council of Europe criticizes the Romanian authorities’ response in the context of tensions with the Republic of Moldova, assessing it as “inadequate and leading to even more tension.”

Romanian Subway Co Metrorex ’09 Salary Fund Up 23.7% On Yr

16:11, 29 Apr. 2009
Romanian state-owned subway company Metrorex will have a 23.7% higher salary fund in 2009, of 199.51 million lei (EUR1=RON 4.1974), from RON161.29 million in 2008, according to a draft Government decision approving the company's budget.

Runaway Terrorist Omar Hayssam In Syrian Prison, Letter Claims

16:06, 29 Apr. 2009
The Bucharest Court of Appeals sent, on Wednesday, a series of notices to the Justice Ministry and the Interpol to find out if businessman Omar Hayssam is imprisoned in Syria, as a letter submitted by Hayssam’s lawyer claims.

Romania’s 1Q Budget Deficit At 1.5% Of GDP – Fin Min

16:03, 29 Apr. 2009
Romania’s consolidated budget deficit was at 7.925 billion lei (EUR1=RON4.1974), or 1.5% of the GDP, after the first quarter, lower than the maximum ceiling of RON8.3 billion agreed with the International Monetary Fund, the finance minister Gheorghe Pogea said Wednesday.

Romanian Railway Employees To Resume Talks With Transport Minister Next Week

16:02, 29 Apr. 2009
Romanian unionists with the state-owned railway company CFR will resume talks with transport minister Radu Berceanu in about a week and new protests may take place depending on the result of talks.

Romania Continues To Support Moldova’s European Outlook – President

15:46, 29 Apr. 2009
Romanian President Traian Basescu said Wednesday in the Croatian capital of Zagreb that Romania continues to support the European aspirations of neighboring Moldova but added that “blood doesn’t turn to water” although the two are separate, independent states.

Romania’s PRO TV 1Q Rev Dn 38% YY To $35.69M

15:05, 29 Apr. 2009
Romanian TV channel operator PRO TV SA on Wednesday reported 38% drop to $35.69 million in its quarterly net revenues, on lower advertising revenues driven by the economic downturn.

Romania Has Not Convinced EU It Is Corruption-Free – President

14:47, 29 Apr. 2009
Romanian President Traian Basescu said Wednesday in Zagreb, Croatia, that Romania still has work to do to convince the European Union that it has eliminated high-level corruption, and that the state has not broken the rules of the use of EU funds.

Some 6,000 Romanian Railway Workers Protested In Bucharest Over Restructuring Plan

14:45, 29 Apr. 2009
The protests initiated by Romanian railroad workers ended Wednesday at 14:00 local time in accordance with the schedule, and unionists concluded their march at the Gara de Nord train station, from where each of them will head home.

Razvan Lucescu Named Romania Coach

14:29, 29 Apr. 2009
Romania’s Football Federation (FRF) on Wednesday appointed Razvan Lucescu at the helm of the national team, following the dismissal of Victor Piturca.

Romania To Draft New Pension Law Principles Until May 15

13:16, 29 Apr. 2009
The Romanian government recently decided to set up an inter-ministry workgroup, which will draft until May 15, following talks with social partners, the principles of the country’s future pension law, which will also target the special retirement laws.

Romanian Court Puts Alleged Car Thieves Into Custody

11:28, 29 Apr. 2009
The Bucharest district 1 court ruled Wednesday morning to place Tinel Niculae and Paul Mihalache into custody for 29 days on charges of theft and accessory to theft and to probe Ilie Alexandru, nicknamed Sandu Geamanu, at large, for alleged blackmail and concealment to car thefts.

Romania’s Petrom Sees 09 Net Pft Up 8.6% At RON1.11B

10:16, 29 Apr. 2009
Romania's largest oil company Petrom (SNP.RO) estimates its net profit will rise to 1.11 billion lei (EUR1-RON4.2290) in 2009, up 8.6% compared with RON1.02 billion in the year earlier.

Romania Railway Employees Protest In Bucharest Over Potential Job Cuts

10:10, 29 Apr. 2009
Several hundreds railway employees arrived Wednesday morning in Bucharest to attend protests against the Transport Ministry’s planned restructuring program targeting the entire railway system.

Romania Freezes Public Sector Wages Until Yearend

09:25, 29 Apr. 2009
The Romanian government approved the draft emergency act freezing public sector wages between May 1 and December 31, which actually extends a recent government decision to postpone wage hikes, which expires end April.

Romanian Govt Mulls Selling 12,843 ANL Houses To Tenants

19:43, 28 Apr. 2009
Romanian government will ask the local councils to change the legal status of 12,843 houses rented to youngsters by the National Housing Agency in order to sell them to the tenants, Housing Minister Vasile Blaga said Tuesday.

Sterling Deems All Charges Against It Are False, Romanian State Is Sole Culpable

19:16, 28 Apr. 2009
The vice-president of Canada’s Sterling Resources, Stephen Birrell, said Tuesday that all the accusations against Sterling are false, and the Romanian state is the only culpable by self-annulling the right to benefit from a share of the oil production in the Black Sea.

Romanian National Defense Council Postpones Army Outfitting Plan Approval

19:10, 28 Apr. 2009
The Romanian High Council for National Defense postponed Tuesday, until a later meeting, the approval of the plan for the outfitting of the Army, since this plan will be discussed in Government, the Presidency announced, adding the Army outfitting Strategy, however, has been approved.

Romania Considers Freezing Salaries Until Dec 31 – Sources

18:42, 28 Apr. 2009
Romanian government will discuss Tuesday a draft emergency act that freezes salaries in the public sector, including in the education, government sources said.

Romanian Transport Ministry Official Denies Plans To Scrap 12,000 Jobs In Railway Sys

16:32, 28 Apr. 2009
Romanian Transport Ministry officials are “surprised” that railway employees will rally on Wednesday and said the ministry sent the railway company CFR variants to render its activity more efficient, not a plan to scrap 12,000 jobs.

Romania Ftbl Federation To Vote On Coach Lucescu’s Nomination Wed

16:06, 28 Apr. 2009
Romania’s Football Federation (FRF) will discuss on April 29 appointing coach Razvan Lucescu at the helm of the national team, FRF general manager Ioan Angelo Lupescu said Tuesday.

Romanian Econ Min Changes Transgaz Board, Names New Pres

16:01, 28 Apr. 2009
The Romanian Economy Ministry, the majority shareholder of state-owned gas pipeline operator Transgaz (TGN.RO), appointed Tuesday five members of the company’s Board of Directors, and a new board president, namely Victor Alexandru Schmidt, a director in the ministry.

Romanian Parliament Endorses ’09 Budget Revision

14:49, 28 Apr. 2009
The Romanian Parliament approved Tuesday the emergency ordinance on the 2009 budget revision, which is based on a 4% economic contraction and a deficit target of 4.6% of the gross domestic product.

Romanian Cos Running EU-Funded Projs May Be Exempt From Min Tax

14:33, 28 Apr. 2009
Companies founded this year to unfold investments using non-reimbursable EU funds that don’t yet have turnovers may be exempt from paying a minimum tax, Finance Ministry state secretary Cosmin Coman said Tuesday.

Romanian Fin Ministry Lacks Data Of Min Tax Grid Setup

14:16, 28 Apr. 2009
Romania’s Finance Ministry does not currently have a database and a grounding for the figures behind the minimum tax grid, the secretary of state within the ministry Cosmin Coman said Tuesday.

Tickets For Romanian Music Festival “Peninsula” On Sale Now

12:45, 28 Apr. 2009
Tickets and full passes for “Peninsula” festival, to be held between July 23 and 26 near the Romanian city of Targu Mures, are on sale now, priced at 80 lei (EUR1=RON4.2218) for one day and RON199 for the full four days.

Three Former Athletes To Promote Romanian Tourism Internationally

12:36, 28 Apr. 2009
Romanian tourism will be promoted for one year by the country’s former gymnast Nadia Comaneci, former tennis player Ilie Nastase and former football player Gheorghe Hagi, after the ministry signed a contract Tuesday with lender BRD-Groupe Societe Generale.

Foreign Min: Romania Will Not Grant Visas To All Moldovans

11:30, 28 Apr. 2009
Romania’s foreign minister Cristian Diaconescu on Tuesday said he explained at the reunion of the General Affairs & External Relations Council (CAGRE) that the decision to grant Romanian citizenship to Moldovans does not entail mass visa grants, but individual assessments.

Romanian Police Detain Alleged Thieves Of Steaua Owner’s Car

09:44, 28 Apr. 2009
The three people who allegedly stole the car of Romanian Steaua Bucharest owner Gigi Becali in January were detained by police Tuesday morning after several searches at homes in Mogosoaia, about 10 kilometers outside of Bucharest.

Romanian Cos To Deduct VAT On Cars Used For Passengers, Goods Transp – Off

21:00, 27 Apr. 2009
The value added tax (VAT) on cars purchased for both passengers and goods transportation is deductible for vehicles specifically designed for both activities, Finance Ministry secretary of state Gratiela Iordache said Monday.

Romanian 1Q Overdue Loans At RON4.46B, Up 56% From End-08

20:27, 27 Apr. 2009
Romanian overdue loans rose to 4.46 billion lei (EUR1=RON4.2218) at the end of the first quarter, 55.9% higher than RON2.86 billion at the end of December 2008, according to data published Monday by the central bank.

Over 400 Romanians Live In Mexico, Tourist No Unknown – FM

18:25, 27 Apr. 2009
Romanian Foreign Ministry on Monday said that over 400 Romanians are currently residing in Mexico, but the figures might be higher when adding tourists.

Romania’s Proprietatea Fund To Be Listed By Yearend – Board Member

18:00, 27 Apr. 2009
Romanian investment fund Fondul Proprietatea will be listed on the Bucharest Stock Exchange by the end of the year, head of privatization authority AVAS and member of the Fund’s Board, Mircea Ursache said Monday.

Romanian March Private Lending Dn 2.6% M-M To RON202.6B

17:04, 27 Apr. 2009
Romanian private lending fell in real terms by 2.6% on the month in March to 202.62 billion lei (EUR1=RON4.2218), but was up 15.4% compared with the same month of 2008, the central bank said in a statement Monday.

Bucharest Mayor Wants To Step Up Building Refurbishment After Quake

16:41, 27 Apr. 2009
Bucharest Mayor Sorin Oprescu on Monday urged the ministries of Housing and Culture and district mayoralties to “tighten co-operation” and step up refurbishment of buildings in danger of collapsing.

Romanian Govt To Approve Swine Flu Prevention Plan Tuesday

16:35, 27 Apr. 2009
The Romanian government will approve swine flu prevention measures in the Cabinet meeting Tuesday and all institutions in charge are already applying EU-recommended measures, interior minister Dan Nica said Monday after a meeting of the National Committee for Emergencies.

Romanian President To Discuss Decentralization Ordinance With Govt Coalition Heads

15:43, 27 Apr. 2009
Romanian democrat liberal vice president Theodor Stolojan said Monday that the ordinance on the decentralized institutions will be amended within Parliament debates and president Traian Basescu will discuss this matter with the leaders of the two governing parties.

Mass Grave Containing Romanian Anti-Communist Fighters, Discovered In N Romania

14:42, 27 Apr. 2009
A mass grave containing three members of Romanian anti-Communist resistance organization “White Guard” was discovered Monday three kilometers from the village of Nepos, near the northern Romanian city of Bistrita-Nasaud.