English

Romanian Ed Ministry’s Unpaid Bills Worth RON1,200B To Be Included In ’08 Budget Def

14:38, 29 Ian. 2009
The leaders of Romania’s governing coalition decided that last year’s unpaid bills worth 1,200 billion lei (EUR1=RON4.2314) belonging to the Education Ministry will not be paid from the 2009 budget, and will be included in last year’s budget deficit, people close to the matter told MEDIAFAX.

Romanian Culture Ministry Considers To Options To Exploit Castle Bran

14:29, 29 Ian. 2009
Romania’s Ministry of Culture considers two variants to exploit Castle Bran, that of a public-private partnership or the castle’s acquisition by the state, culture minister Theodor Paleologu said Thursday.

Pensions In Romanian Public Sys To Increase 5% In Two Tranches – Sources

14:11, 29 Ian. 2009
Pensions in Romania’s state pension system will be increased 5% in 2009, in two tranches: 3% in April and 2% in October, taking the pension point to 42 - 45% of the average gross wage, people close to the talks within the governing coalition told MEDIAFAX Thursday.

EU Telecoms Commissioner Offered Romanian Telecom Min Support To Solve Regulator Issue

14:05, 29 Ian. 2009
EU Telecoms Commissioner Viviane Reding spoke Tuesday evening and Wednesday morning on the phone with Romanian communication minister Gabriel Sandu to discuss the EC’s intention to launch an infringement case against Romania and offered support to solve the matter, EC spokesman Martin Selmayr said.

Romanian Education Min Budget Higher Than 5% Of GDP In ’09

14:03, 29 Ian. 2009
The budget held by the Romanian Ministry of Education in 2009 will be higher than 5% of the GDP, but it is not certain to reach the legally provisioned 6% of the GDP, according to a consensus between the leaders of the government coalition, political sources told MEDIAFAX.

Romania’s Highway Co Mulls RON471M Road Repair Works

13:40, 29 Ian. 2009
Romania’s National Highways and Roads Company, or CNADNR, plans to carry out repair works totaling 471.14 million lei (EUR1=RON4.2340), VAT not included, on 210 kilometers of two national roads, CNADNR said Thursday in a press statement.

EC Launches Infringement Case Against Romania Over Independence Of Regulator

13:26, 29 Ian. 2009
The European Commission decided Thursday to launch infringement procedures against Romania, which breached EU rules regarding the independence of its national telecom regulator, the Commission said in a press release.

Romanians’ Protection Deficit Doubled From 2006, Reaching RON388B

13:14, 29 Ian. 2009
Romanians’ protection deficit, calculated as the difference between available financial resources and needs, amounts to 388.5 billion lei (EUR1=RON4.2340), double compared with EUR43 billion in 2006, according to data of life insurer ING Asigurari de Viata.

Romanian Magistrates- Highest Paid Public Sector Employees In ’08- Report

12:49, 29 Ian. 2009
A report drafted by the Romanian government indicates that the average monthly costs per person on public sector wages, during January-November 2008, range from 1693 lei (EUR1=RON4.2340) for the Economic and Social Council up to RON9926 for the Supreme Court, which ranks first in the hierarchy.

Romanian CFR Calatori To Buy 20 Railroad Carriages For Car Transport

12:48, 29 Ian. 2009
Romania’s state-owned passenger railway company CFR Calatori will buy, in the next three years, 20 railroad carriages from railway carriage maker Atelierele CFR Grivita, worth 14.5 million lei (EUR1=RON4.2340), VAT not included, for the transport of vehicles.

Real Estate Deals In Romania Dn 25% In Sept-Dec, Dn Over 7% On Yr In 2008

12:08, 29 Ian. 2009
The number of real estate deals in Romania decreased about 25% on the year in the last four months of 2008 and the number of deals for the entire year 2008 decreased more than 7% compared to 2007, the Romanian Union of Notaries Public, or UNNPR, said in a press release Thursday.

Romanian BSGP Holds 99.1% Stake In Fabian Romania, Offer Closed

11:22, 29 Ian. 2009
Black Sea Global Properties Limited, or BSGP, owned by Romanian oil tycoon Dinu Patriciu through Rompetrol Holding, held a 99.1% stake in Romanian property fund Fabian Romania upon expiry of the extended takeover offer, on January 28.

Romania Gets Code Yellow Warning For Snow, Strong Wind

11:14, 29 Ian. 2009
Romania’s national meteorological authority on Thursday sent out yellow code warnings for 17 counties in eastern and southeastern Romania where snow and strong wind are expected Thursday through Saturday.

Romania Needs EUR20B To Finance Deficit In May – Social Democrat Leader

10:28, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said Wednesday evening on B1TV that Romania would need around EUR20 billion in May, to finance the deficit, adding that a loan of some EUR7 billion from the International Monetary Fund would not be excluded.

Romanian Social Democrat Leader Hasn’t Decided On Running For President

10:04, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said late Wednesday on B1TV that he hasn’t yet decided whether or not he should run for president, adding he will make a decision “at the right time".

Romanian President Wants State Budget Adopted Thursday – Union Leader

09:59, 29 Ian. 2009
Marius Petcu, head of National Confederation of Free Trade Unions in Romania - CNSLR Fratia said Wednesday that Romanian President Traian Basescu explicitly asked for the 2009 state budget to be adopted Thursday.

Romanian Governing Coalition Found Ways To Up Low Wages, Pensions – Social Democrat Leader

09:44, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said Wednesday night after a coalition meeting that the government will make a decision regarding pensions and wages on Thursday, adding a “reasonable” solution was reached to allow increases.

Unionists Ask Romanian Pres Not To Interfere In Negotiations With Govt

20:57, 28 Ian. 2009
Union leaders asked Romanian President Traian Basescu to no longer interfere in the negotiations between the Government and the social partners, head of the unions CNSLR Fratia and BNS said at the end of the meeting on Wednesday.

A 50% Hike In Romanian Teachers’ Salaries Would Impact Budget Def, Inflation – EC

20:15, 28 Ian. 2009
European Commission stated Wednesday that the implementation of the law on increasing teachers’ salaries by 50% would significantly impact Romania’s budget deficit, inflation and the entire economy, as it may trigger similar requests from other public sectors.

Romanian Govt Drops Move To Cut Central Administration Staff By 20%

20:02, 28 Ian. 2009
The Romanian Government will not reduce the number of the central administration’s employees by 20%, said Vasile Marica, head of the public servants' alliance Sex Lex, after the meeting with the Prime Minister and the President on Wednesday.

Romanian President Notices ‘Anomalies’ Btw Wages In Public, Production Sectors

20:00, 28 Ian. 2009
Employees of public institutions are paid way above the employees in the production sector, which is “kind of an anomaly,” Romanian President Traian Basescu said after talks with employers’ associations on Wednesday.

EC: Romanian Tax Sys Most Burdensome

19:25, 28 Ian. 2009
Romania operates one of the most burdensome tax administration systems in the world, as companies are paying 113 taxes per year, the European Commission warned in a progress assessment report Wednesday.

Romanian President Pushes For 6-Mo Moratorium On Wages, Pensions – Unionists

19:10, 28 Ian. 2009
Romanian President Traian Basescu and social partners discussed a possible six-month moratorium on wages and pensions, alongside freezing salary bonuses, trade union officials said Wednesday.

Romania’s Rompetrol Hikes Gasoline, Diesel Oil Prices

18:45, 28 Ian. 2009
Romania’s second-largest oil company Rompetrol Group NV rose Wednesday its gasoline and diesel oil reference prices by 0.09 lei (EUR1=RON4.2340) per liter and RON0.05 per liter respectively, the company said in a statement.

Romanian Fin Min Proposes Freezing, Cutting Unjustified Bonuses – Employers’ Assoc Head

18:11, 28 Ian. 2009
Romanian Finance Minister Gheorghe Pogea proposed the freezing or cutting of bonuses in the public sector, as most of them are unjustified, Cezar Coraci, head of Employers’ Confederation of the Romanian Industry UGIR-1903, stated Wednesday, after the talks at the Finance Ministry.

Romanian Pres Says He Has Not Met IMF Experts At Fin Ministry

18:09, 28 Ian. 2009
Romanian President Traian Basescu said Wednesday that he did not meet the International Monetary Fund experts at the Finance Ministry headquarters during the day.

Talks Between Romanian Govt, Social Partners On ’09 Budget Reach Final Phase – PM

18:08, 28 Ian. 2009
Talks between the Romanian government and employers' association and trade union representatives regarding the 2009 budget have reached a final phase, so that the government will take Thursday a political decision on the budget construction, the prime minister Emil Boc said Wednesday.

Police Arrest Bucharest Citizen On Child Porn Peddling Charges

17:38, 28 Ian. 2009
The Romanian Police arrested Wednesday a Bucharest local on charges of distributing via Internet to 20 countries child porn images he downloaded from various websites.

EC: Romania’s MP Elections Took Spot Before Econ Measures

17:33, 28 Ian. 2009
The Romanian authorities could have implemented a series of measures to counter the economic downturn as early as last August, but attention “shifted” to the campaign for the November elections, the European Commission said in a progress assessment report Wednesday.

Romanian Pres, PM, Fin Min Did Not Take Part In Fin Ministry Talks With IMF Mission

16:42, 28 Ian. 2009
The International Monetary Fund mission in Romania had regular talks with experts within the Finance Ministry on Wednesday, and Romania's President Traian Basescu, Prime Minister Emil Boc and finance minister Gheorghe Pogea did not take part in the discussion, the Finance Ministry stated.

President Speaks To Social Partners On Romania’s Econ Status

16:13, 28 Ian. 2009
Romanian President Traian Basescu presented the country’s economic situation and external circumstances to representatives of employers' associations and trade unions, in a meeting at the Finance Ministry Wednesday.

Dominic of Habsburg Plans To Keep Castle Bran As Private Museum

16:01, 28 Ian. 2009
Dominic of Habsburg, the owner of Romania’s Castle Bran, told MEDIAFAX Wednesday that the best solution for the castle is to be a private museum and the castle will be turned into a private museum as of May.

Romanian Transp Min Appoints New General Manager At State-Run Airline Tarom

15:53, 28 Ian. 2009
Romanian Transport Minister Radu Berceanu appointed Ruxandra Brutaru the general manager of the country’s airliner Tarom on Wednesday.

Romanian President: Global Economy Is Seen Worse

15:42, 28 Ian. 2009
Romanian President Traian Basescu said Wednesday that a new assessment showing a worsening of the global economy will be published on Thursday, and it would revise downwards the global economic growth forecast from 2.2% to 1.5%.

Romania Tourism Ministry To Keep Stakes In Hotels In Times Of Crisis- Official

15:03, 28 Ian. 2009
Romania’s tourism minister Elena Udrea said Tuesday, within the International Tourism Fair in Madrid, that she disagrees with selling, during this period, the stakes the ministry owns in several hotel companies, arguing the ministry would obtain low prices in the fallout of the economic crisis.

Bucharest Cos To Can 11,300 Employees By March

14:39, 28 Ian. 2009
Some 11,300 employees in Romanian capital city Bucharest will lose their jobs by March, the Bucharest employment agency (AMOFM) said Wednesday.

Romanian Tourism Min Could Build Balneal Spa In N Bucharest

14:38, 28 Ian. 2009
The Romanian Ministry of Tourism could get involved in the construction of a balneal complex in northern Bucharest, to make use of Bucharest’s balneal potential, said tourism minister Elena Udrea.

Romanian Leu Further Up Vs Euro, Exch Rate At RON4.2340 Vs Euro

13:29, 28 Ian. 2009
The Romanian leu continued to appreciate against the euro on Wednesday, and the central bank computed an indicative of RON4.2340, a fresh high of the last two weeks.

Transparency International Sets Crosshairs On Romanian Anticorruption Dept

13:29, 28 Ian. 2009
The Romanian unit of Transparency International requested the publishing of the criteria used in the activity analysis applied to the National Anticorruption Department in the past six months of interim leadership, as well as during the three-year mandate of Daniel Morar.

Romanian President, IMF Mission Attend Talks On ’09 Budget

13:27, 28 Ian. 2009
Romanian President Traian Basescu attends talks on the 2009 budget at the Finance Ministry, alongside Prime Minister Emil Boc and the IMF mission in Romania.