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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.

Romanian Ctrl Bker: External Loans Should Be Paid Back By 2013

16:52, 04 Mart. 2009
The external loans Romania may attract in 2009 have to cover the relatively low EU funds absorption capacity and should be paid back only when a larger part of the EU funds is attracted, by 2013, central bank governor Mugur Isarescu said Wednesday.

Romanian Govt Plans To Charge Cos Contesting Public Procurement Auctions 10% Of Proj Value

16:34, 04 Mart. 2009
The Romanian government is considering charging companies contesting public procurement auctions 10% of the value of the auctioned project G, to discourage companies that contest auctions to block procedures.

Romanian State Might Act Against Those Who Do Not Pay Their Loans – Pres

16:29, 04 Mart. 2009
Romanian President Traian Basescu warned Wednesday, at the end of the meeting with banks’ representatives, that state might act against those who do not pay their loans deliberately, in order to protect the Romanian banking system.

Romania To Decide On IMF Loan After Analyzing Terms

15:45, 04 Mart. 2009
The International Monetary Fund presented to the Romanian delegation in Washington a series of conditions for a potential agreement, and a decision to inviting IMF experts to Bucharest to negotiate a loan will be made after the Romanian authorities analyze the proposed terms.

Romanian Fin Min: New Lump Sum Tax Not Applied In Construction Sectoror

14:02, 04 Mart. 2009
Romanian Finance Minister Gheorghe Pogea said Wednesday the Government would not apply the lump sum tax to companies in the construction sector, as the sector needs additional incentives.

Romania’s Fin Min Says Lump Sum Tax Will Improve Tax Payment

13:54, 04 Mart. 2009
The Romanian Government plans to introduce the lump sum tax and give up the profit tax "for the hundreds of thousands of companies that report losses," in order to control tax payments more efficiently, Finance Minister Gheorghe Pogea said Wednesday.

NATO Took Note Of Romanian Treason, Espionage Case

13:48, 04 Mart. 2009
NATO doesn’t comment on issues related to intelligence but took note of the fact that Romanian authorities are investigating the case of a noncommissioned officer accused of treason and espionage, a NATO press officer told MEDIAFAX.

Romania’s Rompetrol To Cut Diesel Oil Pump Prices By RON0.09/Liter

13:44, 04 Mart. 2009
Romania’s second-largest oil company Rompetrol, owned by Kazakhstan's KazMunaiGaz, will cut Thursday its diesel oil pump prices by 0.09 lei (EUR1=RON4.2884) per liter, keeping the same price for gasoline, the company said in a statement.

Romanian Lawmakers Allow Prosecution Of Ex PM

13:34, 04 Mart. 2009
The Romanian Chamber of Deputies approved Wednesday with 158 pros and 128 cons the request issued by the Prosecutor General of Romania to start prosecuting lawmaker and former prime minister Adrian Nastase, in the corruption cases "Matusa Tamara" and "Zambaccian 2".

Romania Tests Loan Conditions With IMF, EC – Fin Min

13:32, 04 Mart. 2009
Romania is discussing with both the European Commission and the International Monetary Fund to see the structure, the value and the conditions of an eventual loan, Finance Minister Gheorghe Pogea said Wednesday.

Marinov Zikolov Was Military Attache With Bulgarian Embassy

13:01, 04 Mart. 2009
The Bulgarian Ambassador to Bucharest said Wednesday that Marinov Zikolov worked as a military attaché with the embassy from November 1998 until mid-2000, and that he did not finish his term because he returned to Bulgaria where he became a businessman.

New Suspect In Italian Rape Case Is In Romania

12:07, 04 Mart. 2009
A third suspect in the case of the teenager raped in Rome on February 14 has been identified by Romanian authorities, as he is currently in the country, says Italian daily Il Messaggero.

Lukoil Romania Cuts Diesel Oil Pump Prices By RON0.09 Per Liter

11:13, 04 Mart. 2009
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, cut Wednesday its diesel oil pump prices by 0.09 lei (EUR1=RON4.2946) per liter and kept gasoline prices unchanged, the company said in a statement.

Train Locomotive Catches Fire In C Romania, No Victims

11:05, 04 Mart. 2009
The locomotive of an international train on the route Budapest - Bucharest caught fire Wednesday morning between Campina and Floresti in Prahova county, central Romania.

Exchange Office Robbed In NW Romanian City Center

10:55, 04 Mart. 2009
A currency exchange office in the center of Romania’s northwestern city of Cluj-Napoca was broken into Tuesday night. Sources within the local police said no employees were at the office at the time of the robbery.

Romanian 2008 GDP At RON504B, Up 7.1% On Year

10:14, 04 Mart. 2009
Romania’s gross domestic product grew by a lower than expected 7.1% in 2008 to 504 billion lei (EUR1=RON4.2946), after an abrupt slowdown in the fourth quarter, the National Statistics Institute reported Wednesday.

Romanian Household Lending Flat In Jan Compared With Dec

18:24, 03 Mart. 2009
Romanian household lending was blocked in January, as it stayed at the previous month’s level, both on the mortgage and consumer loans’, according to the central bank BNR data.

Romanian Ex-FM Appointed Ambassador To Berlin

18:21, 03 Mart. 2009
Romanian lawmakers on Tuesday appointed former foreign minister Lazar Comanescu Ambassador to Germany’s capital Berlin.

Romanian Counterintelligence Surveillance Dates Back To ’05 – Sources

16:34, 03 Mart. 2009
The Romanian Intelligence Service (SRI) has been monitoring, since 2005, intelligence gathering activities by foreign intelligence structures, and the General Counterintelligence Division within SRI obtained information on the existence of such operations on Romanian soil, according to SRI sources.

Kidnapped Sailors Might Be Free Shortly – Romanian SAR

16:13, 03 Mart. 2009
The situation of the two Romanian sailors held hostage by Somali pirates could see a fortunate resolve in a few days, the head of Romanian sea search and rescuing agency ARSVOM, Dorel Onaca, said Tuesday.

EC To Speak On Romanians In Italy After Official Notice

15:49, 03 Mart. 2009
The European Commission will issue a statement if it is informed about the status of Romanians in Italy, Michele Cercone, the EC spokesman, said Tuesday for MEDIAFAX.

Romanian Leasing Mkt Seen Dn By As Much As 30% This Year Compared To 2008

14:21, 03 Mart. 2009
The Romanian leasing market will decrease this year by 20% to 30% from the EUR4.817 billion in financed assets posted in 2008, because of the state of Romanian economy and the unfavorable international economic environment.

Six People With Botulism Hospitalized At “Matei Bals” Institute, One Dies

13:46, 03 Mart. 2009
Six people diagnosed with botulinus intoxication were admitted last week to the “Matei Bals” institute in Bucharest. One of them died Monday, but the others’ condition is stable, said hospital manager Adrian Streinu Cercel.

Romanian Lawmakers Amended Rules To Allow Prosecution Of Ex Ministers With Simple Majority

13:07, 03 Mart. 2009
The Romanian Chamber of Deputies adopted Tuesday 177 to six votes and 13 abstentions amendments to the Chamber regulation, allowing lawmakers to veto the start of prosecution of former ministers with the votes of a simple majority.

European Commission To Fine Romania For Overdue Agriculture Payments

12:54, 03 Mart. 2009
The European Commission will penalize Romania for delayed payments per hectare, possibly with EUR40-60 million, and the employees of the Agency for Payments and Intervention in Agriculture (APIA) will have to pay back part of tehir salaries, agriculture minister Ilie Sarbu said Tuesday.

Romanian Noncommissioned Officer Accused Of Treason Admits Charges

12:40, 03 Mart. 2009
Romanian non-commissioned officer Floricel Achim, accused of treason by giving away classified information and espionage, admitted to the charges and said he sold classified information because he was in dire need of money, according to the Court motivation regarding his arrest.

EC May Resume Romania’s SAPARD Payments End-April

12:11, 03 Mart. 2009
The European Commission may resume end-April the payments made through the SAPARD program, minister of Agriculture Ilie Sarbu said Tuesday.

Romanian Noncommissioned Officer Arrested For Treason

08:34, 03 Mart. 2009
A noncommissioned officer of the Romanian Defense Ministry was arrested for treason and accused of having sold classified NATO information to a Bulgarian citizen, who was also arrested.

Romanian Sailors Kidnapped By Somali Pirates Are Safe And Sound – FM

19:15, 02 Mart. 2009
The two Romanian citizens captured by Somali pirates alongside 20 other people aboard of a Greek ship in the Gulf of Aden on February 22 are in good health, Romanian Foreign Ministry’s spokesman Alin Serbanescu said Monday.

Romanian Petty-Officer, Foreign Citizen Arrested As Spies

18:15, 02 Mart. 2009
One petty-officer within the Romanian Ministry of Defense and one foreign citizen were placed under preventive arrest for 29 days, at the proposition of organized crime prosecutors, the charges being treason through the transmission of secretes and espionage.