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Romanian Leu Dn Vs Euro In Early Trade

10:56, 17 Feb. 2009
The Romanian leu opened down against the euro Tuesday, mirroring currencies on emerging markets, and dealers suspect an indirect intervention of the central bank through hard currency selling orders.

Illegal Camps Around Rome, Destroyed Following Rapes Committed By Immigrants – Italian Press

10:50, 17 Feb. 2009
Italian police have destroyed, on Monday, dozens of huts and illegal camps in and around Rome, following last week’s rape of a 14 year old girl in a city park allegedly by Romanian immigrants, Italian news agency Adnkronos reported.

Romanian Govt Cuts Budget Expenses To Avoid Excessive Def Procedure

10:07, 17 Feb. 2009
The Romanian Government decided to cut budget expenses through an emergency ordinance, in order to keep the deficit at a low level and avoid European Commission’s excessive deficit procedure.

President Of Romania’s Lottery Dismissed

09:49, 17 Feb. 2009
Liliana Minca was dismissed from the positions of president and general manager of the Romanian Lottery, and Gheorghe Benea was designated by the Democratic Liberal Party to replace her, sources within the Finance Ministry told MEDIAFAX.

Romanian Carmaker Dacia Extends Collective Labor Contract Until Feb 1, ‘10

20:49, 16 Feb. 2009
Romanian carmaker Dacia reached an agreement and extended the collective labor contract until February 1, 2010, which includes compensation payments of 70 lei (EUR1=RON4.3119) as of January 1, 2009, and of RON40 as of April 1, the company said Monday.

Romania Waits EC’s Go Ahead For A 30% Cut In Car Tax – Sources

18:22, 16 Feb. 2009
Romanian authorities requested European Commission’s approval to operate a 30% cut of a tax on car’s first registration and to slightly increase taxes for non-Euro and Euro1 cars, ministry sources said Monday.

Romanian Telecom Op RomTelecom To Enter IPTV Segment

17:54, 16 Feb. 2009
Romanian telecom operator RomTelecom will begin this year supplying television services via Internet (IPTV), after selecting the equipment supplier for this project, company public relations manager Cristina Popescu told MEDIAFAX.

Auto Cos May Register By Feb 27 For First Stage Of Romania’s Car Park Renewal Program

17:13, 16 Feb. 2009
Carmakers and traders may register between Feb 12 and 27 to participate in Romania’s car park renewal program, the first stage of which ends on May 29 and targets the replacement of 20,000 cars older than ten years.

Romanian Dwelling Prices Seen Dn 30% In ’09 – Cushman & Wakefield

13:47, 16 Feb. 2009
Romanian dwelling prices are seen down 30% in 2009, according to real estate consultancy firm Cushman & Wakefield, which recommends investments in high-rent generating properties.

Romanian Govt Wants Parent Bks To Continue Funding – PM

13:24, 16 Feb. 2009
The Romanian Government wants the foreign banks operating in Romania to continue to get financing lines from parent companies and does not plan to take over stakes in exchange for support measures, following certain EU states model, Prime Minister Emil Boc said Monday.

Romanian Parliament Starts Debates On ’09 Bugdet Tuesday

12:54, 16 Feb. 2009
The Romanian Parliament will start discussions on the 2009 budget draft on Tuesday and the budget might be adopted as soon as Thursday noon, as over 7,000 amendments are to be debated, said Monday Gheorghe Flutur, the vice-president of the Democratic Liberal Party, part of the ruling coalition.

Romanian Govt To Keep Election Promises As Long As Economy Allows It – PM

12:51, 16 Feb. 2009
The Romanian government will keep all the promises made during the election campaign as long as the economy allows it, Prime Minister Emil Boc said Monday.

Romania’s Ruling Coalition To Meet Ctrl Bker For Anti-Crisis Program Talks

12:18, 16 Feb. 2009
Gheorghe Flutur, vice-president of the Democratic Liberal Party, part of the ruling coalition, stated Monday that the coalition would meet central bank governor Mugur Isarescu for talks on the anti-crisis program that needs to ensure the economic stability of the country.

Family Doctors To Go On Medical Leave, From Wednesday To Friday

12:05, 16 Feb. 2009
Family doctors are to submit, on Monday, their requests for medical leave from Wednesday to Friday, as an act of protest against the 2009 budget assigned to the sector, said Rodica Tanasescu, the president of the National Family Medicine Society.

About 1,000 ArcelorMittal Galati Workers Leave Through Voluntary Layoff Progr

11:44, 16 Feb. 2009
Approximately 1,000 employees of Romanian largest steel maker ArcelorMittal Galati were laid off after they filed requests to leave through the voluntary layoffs program, while another 1,000 are expecting the same measures, a trade union representative said Monday.

Four Romanians Injured In Allegedly Racist-Driven Attack In Rome

10:27, 16 Feb. 2009
Four Romanian citizens were injured, two of them seriously, in an attack on a restaurant in Rome, Italy, on Sunday evening, the online edition of La Repubblica reported.

Romania, And Others, Could Bankrupt Austria

21:01, 15 Feb. 2009
Eastern European states, including Romania, could bankrupt Austria, since Austrian banks cannot support the losses registered by branches in the region on their own, and the state will be forced to intervene, according to Austrian magazine Profil.

Citizen Safety Has Become A Govt Priority – Romanian PM

13:15, 15 Feb. 2009
Romanian prime minister Emil Boc said Sunday, referring to the armed robberies in Romanian cities Cluj and Brasov, that the safety of citizens has become a top level priority for the government.

Romanian Pres Points To “Ethnic Cleansing” In C Romania

20:17, 14 Feb. 2009
Romanian president Traian Basescu said Saturday that ethnic cleansing took place in in the administrations of Romanian counties Harghita and Covasna.

Contracts Inked By Romania’s Hidroelectrica To Be Made Public

16:47, 14 Feb. 2009
The Romanian Ministry of Economy intends to make public the contracts concluded by state-owned power company Hidroelectrica with private energy traders, and will ask for approval from companies in this respect, energy market sources told MEDIAFAX Saturday.

Romanian Parliament Committees OK ’09 State Budget

15:15, 14 Feb. 2009
The reunited committees for budget and finance approved Saturday the Romanian state budget for 2009, with eight cons, from the members of the opposition.

Armed Robbery Sends Banks Looking For Security Upgrades

13:49, 14 Feb. 2009
Romanian banks are considering the possibility to take additional security measures, after the armed robbery of a bank in W Romania, said Romanian Banks Association president Radu Gratian Ghetea.

Romanian Parliament Committees OK ’09 Social Security Budget

13:25, 14 Feb. 2009
The reunited committees for budget and finance in the Romanian Parliament approved Saturday the social security budget for 2009, with only seven cons, from the members of the opposition.

Robbed Romanian Bank Offers Reward For Info On Robbers

13:07, 14 Feb. 2009
Romanian bank Banca Transilvania decided to offer a reward to those who can inform the police on the whereabouts of the armed robbers who attacked the bank Friday, in western Romanian city Cluj.

Romanian Bank Robbed At Gun Point In W Romania

19:31, 13 Feb. 2009
Two people with guns and ski masks entered a bank in western Romanian city Cluj, pistol-whipped the guard and struck a cashier, making away with the equivalent of some EUR70,000.

President Traian Basescu Invites Hungarian Officials C Romania To Informal Talks

18:26, 13 Feb. 2009
Romanian President Traian Basescu invited the mayors and heads of local councils in Covasna and Harghita counties to informal talks on February 14, official sources told MEDIAFAX Friday.

Romanian Govt Sets Up Measures To Avoid Excessive Deficit Procedure

17:21, 13 Feb. 2009
Romanian Government already drafted an emergency ordinance that includes a series of measures on cutting budget expenses, to keep the deficit at a low level and thus avoid European Commission’s excessive deficit procedure.

Romania’s Dacia Beats Mercedes Sales In Germany

16:57, 13 Feb. 2009
Germany’s program subsidizing the purchase of new cars, through granting a bonus of EUR2,500 upon the dismantling of an old car, led to an explosion of Romanian-made Dacia impost, which are seen as more attractive than Mercedes models, Financial Times Deutschland informed.

Romania Firmly Rejects The Idea Of Territorial Autonomy- Head Of State

16:54, 13 Feb. 2009
Romanian President Traian Basescu said Friday that one can never gain territorial autonomy in Romania, stressing that politicians who fool people into believing the opposite will only suffer the consequences.

Romanian Ruling Coalition, Opp Parties Argue On ’09 Budget

13:20, 13 Feb. 2009
Romanian senators and deputies with the ruling coalition and the opposition parties in the Parliament's budget and finance commissions argued Friday during the general debates on 2009’s budget draft.

Romania May Take A Decision On IMF Loan In 2 Wks

13:14, 13 Feb. 2009
Romania might take a decision regarding an agreement with the International Monetary Fund, or IMF, in two weeks at most, the country’s Finance Minister Gheorghe Pogea said Friday.

Romanian Govt Says Pvt Pension Contribution Freeze In ’09 Is Temporary, Needed To Cover Deficit

12:52, 13 Feb. 2009
The Romanian government justified the keeping of contributions to mandatory private pensions at 2% this year by the need to control the deficit of the public pension system, adding the measure is temporary.

Romania’s 1Q GDP Growth Seen Below 1% – Fin Min

12:26, 13 Feb. 2009
Romania’s economic growth will be below 1% in the first quarter of 2009, the country’s Finance Minister Gheorghe Pogea said Friday.

Handball Player Murder Suspect Sztojka Ivan Turned Himself In

09:35, 13 Feb. 2009
Sztojka Ivan, one of the suspects in the killing of Romanian handball player Marian Cozma, turned himself in to the Veszprem police Thursday night, Hungarian media reported.

Some 70-75 Km Of Hwy To Be Complete This Year – Romanian Transport Min

21:02, 12 Feb. 2009
Romanian transport and infrastructure minister Radu Berceanu said Thursday in a press conference that 70-75 kilometers of highway will be completed this year.

Third Suspect In Handball Player Murder Set To Turn Himself In

20:36, 12 Feb. 2009
Ivan Sztojka, the man sought in the murder of Romanian handball player Marian Cozma, sent a letter to his mother, in which he wrote he will turn himself in and he is innocent.

Econ Crisis Will Kill Some 40% Of Romanian SMEs – SME Min

19:53, 12 Feb. 2009
The Romanian minister in charge with small and medium sized enterprises (SMEs), commerce and the business environment, Constantin Nita, said Thursday some 40% of SMEs will have problems this year and could go bankrupt because of the economic crisis.

Romanian Rompetrol Rafinare ’08 Losses Up 130% Y-Y, To $267M

19:33, 12 Feb. 2009
Romania’s Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil company Rompetrol Group NV, posted $266.8 million in consolidated losses in 2008, more than double compared with $116.2 million in 2007, the company announced Thursday.

Romania’s Bechtel Contract To Cease If Negotiations Fail – Transp Min

19:21, 12 Feb. 2009
Romania’s Transport and Infrastructure Ministry will cease the contract inked with US Bechtel for the construction of the Brasov-Bors highway if negotiations for signing a protocol that changes some clauses fail, the minister in charge, Radu Berceanu, said Thursday.

Romania’s Transp Min Hires Back Some GMs Dismissed End-2008

19:20, 12 Feb. 2009
Romania’s Transport Minister Radu Berceanu hired back part of the 31 managers of subordinated companies he dismissed when taking over his mandate, as some of them accepted lower salaries, while no replacers were found for other.