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Romanian Solider Killed In Afghanistan Awarded Post-Mortem

18:43, 27 Feb. 2009

Romanian President Traian Basescu on Friday signed the decree granting sergeant major Chira Traian Claudiu, killed on mission in Afghanistan, the post-mortem decoration the National Order of the Star of Romania, in rank of Chevalier.

Vodafone Romania Fined RON7,000 For Conveyance Of Unsolicited Commercial SMS

15:36, 27 Feb. 2009

Romania’s National Supervisory Authority for Personal Data Processing (ANSPDC) fined mobile telephony operator Vodafone Romania 7,000 lei (EUR1=RON4.2909) for breaching provisions as regards conveying unsolicited commercial text messages..

Kraft Foods Romanian Employees To Get 11-31 Salaries For Severance

15:33, 27 Feb. 2009

Candy maker Kraft Foods Romania, part of US group Kraft Foods, will give 11 to 31 salaries as severance pay to its 440 employees to be laid off when the company shuts down it chocolate factory in the central Romanian city of Brasov, Kraft said Friday.

Romanian BCR Group Is Erste’s Most Efficient Unit Erste GM

13:41, 27 Feb. 2009

Romania's BCR Group is currently the most efficient unit of Austrian Erste Group, with a cost-income ratio of 41.4% at the end of 2008, Erste’s CEO Andreas Treichl said Friday in Vienna.

Romanian BCR Listing Should Be Postponed Until Mkt Conditions Favorable – Erste CEO

13:28, 27 Feb. 2009

Romanian five regional investment funds have a low interest in listing Erste’s Romanian unit BCR for the moment, so that the floating should be deferred until the capital market conditions would be improved, Erste CEO Andreas Treichl said Friday.

Holiday Tickets To Hike Romania’s Budget Spending – SMEs Officials

13:26, 27 Feb. 2009

Holiday tickets for employees are a most welcome measure, except for the fact that it breaches the government’s promise to cut spending, officials of small and medium-sized companies in Romania said Friday.

Romania’s Proprietatea Fund Switches To A RON3.4B Loss In ’08

11:37, 27 Feb. 2009

Romania's Proprietatea Fund reported a 3.43 billion lei (EUR1=RON4.2891) net loss in 2008, compared with a net profit of RON313.1 million in 2007, due to write-downs of its financial assets, according to the company's preliminary results.

Romanian Chief Anticorruption Prosecutor Says 2008 Was Better Than 2006, 2007

11:21, 27 Feb. 2009

Romania’s Anticorruption Department (DNA) head Daniel Morar said Friday at the institution’s activity report meeting that the number of court referrals in corruption cases increased significantly in 2008.

Romania’s January Residential Building Permits Up 2.4% YY

09:59, 27 Feb. 2009

Romania issued 2,469 buildings permits for residential projects in January, up 2.4% on the year, the country’s Statistics Institute said Friday.

Romanian BCR Group ‘08 Net Pft Up 120% Y-Y To RON2B

08:36, 27 Feb. 2009

Romania's BCR Group Friday reported a 120% hike in its 2008 consolidated net profit after taxes and minority interests to a record 2.03 billion lei (EUR541 million), including proceeds from the sale of its insurance operations.

Romanian Soldier Dies In Afghanistan

19:42, 26 Feb. 2009

A Romanian soldier from the 21st Mountain Hunter Battalion died Thursday in Afghanistan while on patrol, when the Humvee he was in ran over a makeshift explosive device.

Romanians Return Cars To Leasing Cos – Ctrl Bk Gov

19:24, 26 Feb. 2009

More and more Romanians return cars to leasing companies and if the unpaid loans will keep growing, the population will be affected, as the bank is only an intermediary, the central bank governor Mugur Isarecu said Thursday.

RBS Romania’s Sale Not Because Of Poor Results – Ctrl Bk Gov

18:59, 26 Feb. 2009

RBS Romania was put for sale not because it would be a "bad bank," but the decision is a commercial one about which Romanian central bank had some knowledge, the central bank governor Mugur Isarescu said Thursday.

6-Year-Old Boy Killed While He, Neighbor Played With Rifle S.Romania

17:14, 26 Feb. 2009

A six-year old boy was shot to death while he and his neighbor were playing with a loaded hunting rifle, police said.

Nine Romanian Railroad Companies To Undergo Restructuring, 4,000 Layoffs

16:58, 26 Feb. 2009

The Romanian Ministry of Transport will begin, in the next three months, restructuring nine railroad companies detached from mother-companies, in a process that involves the layoff of some 4,000 employees, said deputy secretary of state within the ministry, Constantin Axinia.

Romanian Govt To Take Responsibility For New Justice Codes After May 15 – Pres

16:32, 26 Feb. 2009

Romanian President Traian Basescu on Thursday said the government will take responsibility for the new justice Codes after May 15, date by which they are to be analyzed and revised in parliament.

U.S. State Dept Human Rights Report On Romania Criticizes Uninominal Voting Sys

16:21, 26 Feb. 2009

The United States Department of State 2008 human rights report on Romania criticizes aspects of the country’s uninominal voting system whose formula is too complex, as well as the lack of convictions in high-level corruption cases and the existence of ethnic and religious discrimination.

Romania Won’t Scrap Eco-tax On Plastic Bags – Minister

15:09, 26 Feb. 2009

The Romanian government won’t scrap the eco-tax charged for plastic bags and whoever said publicly that the tax would be suspended did not have the government’s approval, environment minister Nicolae Nemirschi said Thursday.

Romanian Car Park Renewal Program Starts Monday, March 2 – Min

13:29, 26 Feb. 2009

Romanian environment minister Nicolae Nemirschi said Thursday that owners of cars older than ten years may start buying new cars as of Monday under the country’s car park renewal program and car numbers for each carmaker will be set Friday.

French Citizen, Arrested In Romania For Pedophilia

13:17, 26 Feb. 2009

A French citizen was arrested Thursday, after being caught engaging in sexual relations with two teenagers in a hotel room in the northwestern Romanian city of Dej.

Romanians’ Contributions To Mandatory Pvt Pensions Should Be Sped Up, Not Blocked – Assoc

12:50, 26 Feb. 2009

Romania’s mandatory private pension system (Pillar II) has all the elements to benefit participants and contributions shouldn’t be “cut” but sped up, to ensure decent private pensions, said Thursday Mihai Bobocea, secretary general of Romania’s Association for Private Pensions.

Romanian Mortgage Lending To Revive In A Year At Most – Bk Assoc Head

12:47, 26 Feb. 2009

Mortgage lending in Romania will revive in less than a year as there is still a market and, in spite of the crisis, clients are still looking to buy property, Romanian Banks’ Association ARB president Radu Ghetea said Thursday.

Romania’s Rompetrol Cuts Diesel Oil Pump Prices By RON0.06/Liter

12:39, 26 Feb. 2009

Romania’s second-largest oil company Rompetrol, owned by Kazakhstan's KazMunaiGaz, cut Thursday its diesel oil pump prices by 0.06 lei (EUR1=RON4.2764) per liter, keeping the same price for gasoline, the company said in a statement.

EIU Expects Romania To Negotiate External Loan From EU, Based On IMF Stand-By Agreement

12:25, 26 Feb. 2009

Romania’s Government will negotiate an external financing package with the European Union, based on a stand-by agreement with the International Monetary Fund, in order to rebuild trust and meet its obligations, according to the Economist Intelligence Unit, or EIU.

Thievery Corporation, Back In Romania For B’estfest

12:23, 26 Feb. 2009

American duo Thievery Corporation are coming back to Romania to play B’estfest’s “Zero Day”, on July 1, said festival organizers Emagic.

Romania’s Ctrl Bk Unlikely To Ease Monetary Policy „For Some Time” – EIU

12:03, 26 Feb. 2009

The National Bank of Romania, or BNR, is unlikely to relax monetary policy further for some time, despite liquidity problems in the inter-bank market, Economist Intelligence Unit said in a report.

Romanian Court Puts Off Corruption Trial Of Ex PM For March 24

11:50, 26 Feb. 2009

The trial in which Romania’s former social democrat prime minister Adrian Nastase is charged with corruption regarding fund raising for his presidential election campaign in 2004 was put off for March 24, because several defendants lacked defense.

Romanian Comm Min To Negotiate Infringement Removal With EC

19:50, 25 Feb. 2009

The Romanian Government delegated communications and information society minister Gabriel Sandu to negotiate with the representatives of the European Commission the manner in which the infringement procedures against Romania might be ceased.

Romanian Govt OKs Drafts Of Criminal, Civil Codes

19:30, 25 Feb. 2009

Romanian government on Wednesday approved the Criminal Code draft, as well as the drafts of the Criminal Procedure Code and the Civil Procedure Code, Prime Minister Emil Boc said.

Romanian Govt To Amend Communications Data Recording Law

18:26, 25 Feb. 2009

The Romanian Government decided to amend the law on the recording of data processed in electronic communications networks, correlating it with community legislation by the end of the year, government sources told MEDIAFAX.

Romanian Govt Plans To Speed Up Euro Adoption

14:19, 25 Feb. 2009

The Romanian Government is currently working on a strategy to speed up Romania's euro adoption, before 2014, the established date for its eurozone entry, Romanian Prime Minister Emil Boc said Wednesday.

CME EBITDA In Romania Up 20% On Yr In 2008, To $112M

13:57, 25 Feb. 2009

Central European Media Enterprises (CME) reported earnings before interest, tax, depreciation and amortization (EBITDA) in Romania of $111.78 million last year, up 20% on the year, while the group’s total EBITDA increased 3.8%, to $345.68 million.

Romanian Tourism Would Drop 15-20% In 2009 Without Holiday Tickets – Ministry

13:08, 25 Feb. 2009

Romanian tourist traffic would have dropped by 15-20% in 2009, due to the world economic crisis, unless the government introduced holiday tickets, says the substantiation note of the emergency decree introducing the tickets, drafted by the Ministry of Tourism.