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Romania To Experience Difficult Econ Recession, Should Avoid Collapse – Moody’s

19:53, 07 Apr. 2009
Moody's expects Romania to experience a difficult recession in 2009, but the economy should avoid a major collapse due to relatively low private sector debt and less reliance on foreign trade.

Romania Joins EU In Calling For Violence Stop In Moldova

19:12, 07 Apr. 2009
Romania voiced support for EU foreign policy chief Javier Solana’s stance on the situation in Moldova, urging both authorities and protesters to refrain from violence and provocation, Romanian Foreign Ministry said in a statement Tuesday.

Romania’s Dacia 1Q Local Sales Plunge 59.5% To 8,682 Units

18:33, 07 Apr. 2009
Romanian carmaker Dacia, owned by France's Renault, on Tuesday reported first quarter sales of 8,628 units on the local market, down 59.5% from 21,475 units in the corresponding period of 2008.

Romanian Auth To Decide In Sept On New Nuclear Pwr Plant’s Location – Econ Min

18:31, 07 Apr. 2009
Romanian authorities will decide on the location of the country's new nuclear power plant in September, also planning to start the project’s development sooner than 2020, as initially scheduled, Economy Minister Adriean Videanu told a news conference Tuesday.

Lump-Sum Tax Aims At Fighting Against Tax Evasion – Romanian PM

17:15, 07 Apr. 2009
The lump-sum tax is aimed at fighting tax evasion, and not at increasing taxation, Romanian Prime Minister Emil Boc said Tuesday, adding that its applicability methods will be established this week, jointly with the Tax Code changes.

Romania To Adopt Euro In 2014, Sooner If Possible – PM

17:13, 07 Apr. 2009
Romania will adopt euro by 2014, the established deadline, but it might also happen sooner if possible, Prime Minister Emil Boc said Tuesday, commenting on the International Monetary Fund's report on euro adoption presented Monday by Financial Times.

IMF Wants Romania To Monitor State Subsidized Cos – Econ Min

17:11, 07 Apr. 2009
The International Monetary Fund asked Romania to monitor several companies receiving state subsidies, including coal mining company CNH, national uranium company and the Romanian Authority for Nuclear Activities, from the Economy Ministry’s portfolio, the minister in charge Adriean Videanu said.

Young Moldovans To Protest In Romania

16:56, 07 Apr. 2009
Several Moldovan students studying in Romania will protest Tuesday as a sign of solidarity with anticommunist protesters involved in ample street riots in the Moldovan capital of Chisinau.

Death Toll Among Romanians In Italy Quake Rises To 5 – FM

16:23, 07 Apr. 2009
Italian authorities confirmed Tuesday that another Romanian citizen was killed in the recent earthquake that shook L’Aquila, 100 km northeast of Rome, rising the death toll among Romanians to five, the Romanian Foreign Ministry said.

Moldovan Anticommunist Protesters Occupied Presidential Office

16:03, 07 Apr. 2009
Anticommunist protesters in the Moldovan capital of Chisinau occupied the building housing the president’s office, Deutsche Welle reported, adding ambulances have arrived near demonstrators.

Four Romanians Injured In Afghanistan Are Medically Stable – Def Ministry

15:32, 07 Apr. 2009
Romanian sergeant Attila Csaba Orban and corporals Adrian Gabriel Cretu, Madalin Lungu and Eugen Vargau, who were injured Tuesday morning in Afghanistan when their patrol car ran over an improvised explosive device are medically stable, the Romanian Defense Ministry said.

Romania Backs Moldova’s EU Integration, Int Affairs Related To Sovereignty – PM

14:53, 07 Apr. 2009
Romania continues to back the European integration process of the Republic of Moldova, but Moldova’s interior affairs are related to its statute as a sovereign country, Romanian Prime Minister Emil Boc said Tuesday on public radio.

Highway Constructor Bechtel To Recall 300 Workers This Week

14:07, 07 Apr. 2009
American company Bechtel, which is building a Romanian highway between Brasov and Bors, will call 300 employees back to work this week, after 660 workers returned earlier this month.

Romania Foreign Min: Italy Officially Confirms Death Of Romanian Family In Recent Quake

13:24, 07 Apr. 2009
Italian authorities officially confirmed Tuesday that a Romanian family of three died in the powerful earthquake in central Italy early Monday, which raised the death toll among Romanian citizens to four, a press release of Romania’s Foreign Ministry read.

Romania’s Pvt Pension Funds Assets Up 11.6% End- Mar, To RON1.31B

12:58, 07 Apr. 2009
Romania’s private pension funds net assets, operating the mandatory and facultative segments, reached 1.31 billion lei (EUR1= RON4.1549) at the end of March, up 11.6% compared with end-February, according to the Surveillance Commission of the Private Pensions System CSSPP.

Romanian Officer Killed In Afghanistan, Four Others Injured

11:55, 07 Apr. 2009
A Romanian officer was killed in Afghanistan and four others were injured Tuesday morning, the Romanian Ministry of Defense said.

Romania Transp Min Officials, Railway Unionists To Discuss Restructuring Measures Tuesday

11:28, 07 Apr. 2009
Romania's Transport Ministry officials and unionists of the country's railway company CFR meet Tuesday to decide whether to pension off certain employees who meet all conditions in this respect and to analyze the impact of this measure on the company’s activity.

Romanian Social Dem Leader Doesn’t Exclude Diff Majority If He Becomes President

11:10, 07 Apr. 2009
Romanian social democrat leader Mircea Geoana said late Monday on the public television network TVR that he doesn’t exclude a different Parliament majority if he wins the presidential election in the fall.

Romania Foreign Min: Italy Officially Confirms Death Of Romanian Woman In Deadly Quake

10:16, 07 Apr. 2009
The Italian authorities officially confirmed Tuesday that a Romanian woman died in the powerful earthquake in central Italy early Monday, while media information alleging more Romanian citizens are among the casualties of the deadly quake was firmly dismissed.

Romanian Court Decides To Keep Steaua Football Club Owner In Custody

09:19, 07 Apr. 2009
The Bucharest court decided to keep Steaua football club owner Gigi Becali in custody, along four other people, after it previously ruled to place them under arrest on kidnapping charges.

Ford Romania Sued Over Local Tax Payment

21:10, 06 Apr. 2009
Carcea village mayoralty in Dolj county, southern Romania, sued Ford Romania late March this year after it previously requested the company register with the farming registry of Carcea village to pay its taxes to the local budget, which are estimated at nearly EUR2 million.

Court To Rule On Steaua’s Owner Release

19:40, 06 Apr. 2009
A Bucharest courthouse Monday started deliberations on whether to release Steaua football club owner Gigi Becali, who was arrested along four other people on charges of kidnapping.

Romania Ready To Aid Italy After Deadly Quake – PM

18:50, 06 Apr. 2009
Romanian Prime Minister Emil Boc sent a letter to his Italian counterpart Silvio Berlusconi, conveying the government’s support and sympathy for the tragic losses suffered in the powerful earthquake in central Italy early Monday.

Romania Education Employees Threaten Protests Over Govt’s Planned Budget Revision

18:48, 06 Apr. 2009
Romanian education employees threaten protests and even general strike over the government’s planned budget revision, which could cut back on education staff by 20,000 people or freeze salaries in the sector.

Romanian Finance Min Agrees To Cancel Copyrights In Certain Sectors – Union Leader

17:39, 06 Apr. 2009
Romanian Finance Ministry agreed to eliminate copyrights in certain business sectors and an emergency ordinance on the matter might be drafted in the Government’s meeting on April 8, “Cartel Alfa” Union leader Bogdan Hossu told MEDIAFAX Monday.

Romanian Govt Plans To Reduce Staff Or Freeze Salaries In Education Sector- Union Leader

16:51, 06 Apr. 2009
Romanian education unionists rejected the government’s decision to cut back on education staff by 20,000 people or freeze salaries in the sector, Aurel Cornea, head of the Federation of Free Unions in Education (FSLI), said Monday.

Romanian Cos Posting Losses May Pay Turnover-Based Lump Sum Tax

15:40, 06 Apr. 2009
Romanian companies posting losses over the last two years, regardless of their sector of activity, may pay a turnover-based annual lump-sum tax, according to the president of the general confederation of Romanian industrial employers UGIR 1903, Ioan Coraci.

Romania Foreign Min- No Romanian Casualties In Central Italy Quake So Far

15:09, 06 Apr. 2009
Romania’s Foreign Ministry spokesperson Alin Serbanescu said Monday that so far, Romanian citizens are not among the casualties of the powerful earthquake that hit the mountainous central Italy Monday morning, at 3:32 a.m. local time (0132 GMT).

Romanian President’s Daughter Submits EP Candidacy To Electoral Office

14:33, 06 Apr. 2009
The youngest daughter of Romanian President Traian Basescu, Elena Basescu, submitted Monday at the Central Electoral Office her candidacy for a seat in the European Parliament.

Lawyers Reject Judges Trying Appeal Of Romanian Football Mogul Gigi Becali

13:58, 06 Apr. 2009
The court session of the appeal against the arrest of Romanian football mogul Gigi Becali and four others, accused of kidnapping, was suspended Monday, half an hour into the trial, as lawyers rejected the judges trying the case.

Romanian Criminal Code To Come Under Parliament Debate

13:46, 06 Apr. 2009
Romanian ruling coalition leaders agreed on Monday to submit the Criminal and Criminal procedure Codes to debate in Parliament, without waiting for the Civil Code to be ready.

Romania’s Consolidated Budget Rev Cut By RON18.8B, Expenses Cut By RON6.2B

11:17, 06 Apr. 2009
Romania's estimated consolidated budget revenues will be cut by 18.83 billion lei (EUR1=RON4.1893) while expenses will be cut by RON6.28 billion, trough the budget revision and the introduction of new financial-budgetary measures, according to a government document.

Romanian 4Q Jobless Rate Dn YY To 5.8% Vs 6.1%

10:09, 06 Apr. 2009
Romania's unemployment rate fell slightly to 5.8% in the fourth quarter of 2008 from 6.1% during the same period a year before, the National Institute of Statistics, or INS, said Monday.

Romania’s Feb Net Salary Slightly Up M-M To RON1.358

10:02, 06 Apr. 2009
Romania's net average salary in February was at 1,358 (EUR1=RON4.1893), slightly higher compared with RON1,355 in the previous month, the National Institute for Statistics, or INS, said Monday.

Romanian Pres Holds Speech At EU-USA Meet

20:27, 05 Apr. 2009
The Romanian head of state said Sunday in Prague that a new era has begun in EU-USA relations, which proves that the correct approach was the one taken by Romania, namely the creation of a strategic partnership with the USA.

Romanian Solidarity Contribution Calculated On Public Sector Pensions, Salaries

19:48, 05 Apr. 2009
The solidarity contribution for the support of people with low income will be collected from individuals with state pensions and/or salaries, calculated at 90% of the difference between the total amount and a ceiling of RON6,700, but without considering income from other sources.

Romania’s Gymnasts Reached Their Goals In Milan

19:07, 05 Apr. 2009
The president of the Romanian Gymnastics Federation, Adrian Stoica, told MEDIAFAX Sunday that the Romanian athletes have achieved their objectives for the European Championships in Milan, but added this contest came too soon after the Beijing Olympics.

Hundreds Of Students Vote In Bucharest For Moldovan Parliament Elections

15:21, 05 Apr. 2009
Hundreds of Moldovan students left Saturday night for Bucharest in order to vote in the Moldovan Republic Parliament elections held Sunday.

IMF Asks Romanian Ctrl Bk To Apply A Minimal 10% Solvency Limit To Bks

15:11, 05 Apr. 2009
The International Monetary Fund asked the Romanian central bank to determine the necessary additional capital for banks, based on stress tests, so that the solvency rate of each institution is maintained above 10%, a level higher by two percentage points than the current bottom limit, of 8%.

Romanian Privatization Money Could Support Agriculture Projects

14:42, 05 Apr. 2009
Romanian agriculture ministry projects, using foreign non-reimbursable funds, will be temporarily financed through privatizations revenues, if the budget allocations of the institution, whose spending is about to be drastically reduced in the budget correction, are insufficient.