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Romanian PM Appoints New State Secretaries, Replaces Fiscal Agency VPs

14:40, 10 Ian. 2009

Romanian Prime Minister Emil Boc has replaced several state secretaries, the vice-presidents of the country’s fiscal agency and appointed the new management of the country’s National Pension House and Employment Agency.

Romanian Social Democratic Party To Take Disciplinary Action Against Int Min – Party Leader

14:29, 10 Ian. 2009

Romania’s Social Democratic Party leader Mircea Geoana told MEDIAFAX Saturday that social democrat interior minister Gabriel Oprea acted unilaterally when he appointed people in positions within the ministry and the party would take disciplinary action.

Romanian Gas Producer Romgaz Could Up Daily Output, Can’t Fully Replace Russian Imports

10:55, 10 Ian. 2009

Romanian natural gas producer Romgaz could increase its output by a daily maximum of 0.5-1 million cubic meters, but can’t completely replace the lack of Russian gas imports, company general manager Lucian Stancu told MEDIAFAX.

Romanian Mine Subsidies Down 14% Pending Budget Approval

20:53, 09 Ian. 2009

Romania’s mining units will get less unitary subsidies for products and social protection by 14% compared to 2008, until the approval of the draft budget for 2009 and the new subsidies, the Government decided in Friday’s meeting.

Romanian Iproeb Bistrita Puts 280 Employees On Tech Unemployment

20:28, 09 Ian. 2009

Romanian electric cable producer Iproeb Bistrita (IMRU.RO) will put 280 of its 653 employees on technical unemployment in January, due to lack of orders, the company stated Friday.

Romanian Pres, PM To Attend Working Breakfast With EC Officials On Monday

20:27, 09 Ian. 2009

Romanian Prime Minister Emil Boc and President Traian Basescu will leave next week to Brussels, to talk with the President of the European Commission about the gas crisis.

Some 1,700 Of Romanian ArcelorMittal Galati Employees File Voluntary Layoff Requests – Unionist

19:27, 09 Ian. 2009

Some 1,700 employees of Romanian largest steel maker ArcelorMittal Galati, owned by UK-based ArcelorMittal, filed requests to leave through the voluntary layoffs program, a trade union representative said Friday.

Ctrl Bk To Decide On Amending Household Lending Rules Next Wk

19:25, 09 Ian. 2009

Romania’s central bank will decide next week whether it would amend household lending rules, especially those related to mortgage loans, banking sources told MEDIAFAX Friday.

Romanian Leu Closes Dn, Off Its All-Time Low

17:16, 09 Ian. 2009

The Romanian leu depreciation slowed down in Friday’s late trades, and it closed at RON4.23 to the euro, off an all-time low of RON4.2450 against the European currency it touched during the inter-bank trading session.

Romanian Govt To Keep Decree Banning Cumulated Public Sector Pension, Wage – PM

17:00, 09 Ian. 2009

The Romanian government keeps and backs the decree it passed, banning pensioners working in the public sector from receiving both pensions and wages, actors, teachers and social assistants may continue to work based on a civil convention, Prime Minister Emil Boc said Friday.

Romania’s Petrom May Cut 4,000 Jobs Besides Annual Layoffs – Sources

16:58, 09 Ian. 2009

Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria's OMV oil group, might cut approximately 4,000 jobs due to the financial crisis, besides the annual layoffs already stipulated in the restructuring program, sources close to the matter told MEDIAFAX on Friday.

Travel Channel To Showcase Romanian Vineyards

16:54, 09 Ian. 2009

Travel Channel will broadcast, starting with January 26, the new series of the show "Wine Country," presenting the vineyards in Romania, together with the vineyard traditions in Hungary and Bulgaria, television officials told MEDIAFAX.

Romania To Have ‘Corner’ At Marche Du Film Court

16:51, 09 Ian. 2009

Cultural association Esten'est will organize, with the support of the Romanian National Center of Cinematography, the Romanian stall "Romanian Short Film Corner" within the film market of the prestigious international film festival at Clermont-Ferrand (France), which will take place between January 30 and February 7.

Romanian Officer Injured In Afghanistan

15:12, 09 Ian. 2009

A Romanian officer was injured Friday morning in Afghanistan, in the explosion of an improvised device, some 50 kilometers southwest of Lagman Base, the Romanian Ministry of Defense said.

Romanian Dacia Employees Resume Work Monday, Set Protest For Tuesday

14:38, 09 Ian. 2009

Employees of Romanian carmaker Dacia, the local unit of France’s Renault, which resumes activity Monday after it halted production for one month, will organize a protest Tuesday, union leaders said.

IMF Mission Visits Romania End January

13:47, 09 Ian. 2009

A mission of the International Monetary Fund will visit Romania end-January to evaluate the economic situation and discuss the new government’s policies, IMF representative in Romania Juan Fernandez-Ansola told MEDIAFAX Friday.

Romanian Leu Indicative Rate Hits All-Time Low Vs Euro, At RON4.2127

13:18, 09 Ian. 2009

The Romanian leu continued its downward trend versus the European currency on Friday and the central bank computed an indicative of RON4.2127 to the euro, the currency's all-time low since euro introduction in 1999.

Russian Gas Imports Still Cut, Romania’s Gas Transport System Safe – Transgaz Official

12:34, 09 Ian. 2009

Russian gas supplies to Romania through Ukraine are still ceased and the national gas transmission system is safe, Marius Stroia, a manager in Romania’s state-owned gas pipeline operator Transgaz (TGN.RO), told MEDIAFAX on Friday.

Romanian Govt Argues Decree Banning Cumulated Public Sector Pension, Wage Is Constitutional

12:31, 09 Ian. 2009

The decree suspending pension payments for pensioners working in the public sector complies with a Constitutional Court decision that states lawmakers can outlaw the cumulation of both pension and salary if the measure is applied indiscriminately, the Romanian government said.

Romanian, Bulgarian Workers Remain Europe’s Personae Non Grata – Paper

11:30, 09 Ian. 2009

Romanians and Bulgarians are still not seen as full-fledged citizens of the European Union, as many member states continue to keep them away from their labor markets, mainly due to the economic turmoil that seriously affected their economies, German daily Der Speigel wrote on its website.

Romanian Leu Hits All Time Low Vs Euro In Early Trade Friday

11:02, 09 Ian. 2009

The Romanian leu opened lower against the euro on Friday and reached an all time low on the forex market at RON4.2050 to the euro, dealers said.

Romania’s Petrom To Deliver In Jan Up To 75,000 Tons Of Fuel Oil To Pwr Plants

10:37, 09 Ian. 2009

Romania’s dominant oil company Petrom (SNP.RO) may deliver around 70,000 to 75,000 tons of fuel oil to thermal power plants by the end of January and a similar quantity in February, the company announced Friday.

Romania’s 11-Mo Trade Def Up 7.17% On Yr To EUR 20.9B

10:11, 09 Ian. 2009

Romania’s January-November trade deficit rose 7.17% on the year to EUR20.9 billion, from EUR19.5 billion in the same period a year earlier, but exports grew at a higher pace than imports during the first ten months, the National Statistics Institute reported Friday.

Four Romanian Families Evacuated From Gaza

10:02, 09 Ian. 2009

Four families of Romanians, namely, 12 children and 8 adults, among whom three Palestinians, were evacuated from Gaza Strip via the Erez border crossing.

Romanian Leu Could Lose Another 5% Vs Euro, After Dropping 11% In 2008 – Erste

19:31, 08 Ian. 2009

The Romanian leu could lose another 5% versus the euro, given the “huge” current account deficit, after dropping by 11% against the European currency since the beginning of 2008, Erste Group researchers said in a report.

Romanian New Car Registrations Drop By 8.6% In ‘08, Used Cars Thrive

19:21, 08 Ian. 2009

New car registrations dropped by 8.6% in Romania last year, to 285,504 units, while used car registrations grew by 151.4%, to a record level of 310,885 cars.

Romanian Leu Touches Historic Low Vs Euro

18:33, 08 Ian. 2009

The Romanian leu depreciated strongly on Thursday, in a volatile trading session, and touched its all-time low at RON4.18 versus the euro at the end of the session.

Romanian Prosecutor Bogdan Licu Elected VP Of High Council Of Magistrates

17:34, 08 Ian. 2009

Romanian prosecutor Bogdan Licu, 39, on Thursday was unanimously elected vice-president of the High Council of Magistrates, replacing Gratiana Isac.

Romanian SME Min Plans To Up Funding For SMEs, Restructure Ministry

16:52, 08 Ian. 2009

Romania’s new minister for SMEs, Commerce and the Business Environment, Constantin Nita, plans to increase funds from the state budget assigned to back small and medium-sized companies and wants to restructure the ministry, Nita told MEDIAFAX in an interview Thursday.

Romanian Pres Accounts For Decree Banning Cumulated Pensions And Wages In Public Sector

15:32, 08 Ian. 2009

Romanian President Traian Basescu said Thursday that the “famous decree” banning pensioners hired in the public sector from receiving both pensions and salaries, observes the Constitution, adding it only targets to wipe out "any misuse of state funds."

Court Ruling Hiking Magistrates’ Wages Is Abusive – Romanian President

15:30, 08 Ian. 2009

Romanian President Traian Basescu deemed abusive the way magistrates’ wages have been increased by court decision, as this is a severe violation of the power separation principle.

Bucharest Fuel Stocks Enough For 60 Days, Bills Unch – Mayor

15:18, 08 Ian. 2009

Romania’s capital city, Bucharest, will not face fuel-related problems as it has fuel oil stocks enough for up to 60 days, and household bills will not be increased, Bucharest mayor Sorin Oprescu said Thursday.

Romanian Ctrl Bk To Support Govt Measures Of Econ Growth – Ctrl Bk Gov

14:55, 08 Ian. 2009

The National Bank of Romania will support the government's measures to sustain a minimum economic growth in 2009, the central bank governor Mugur Isarescu said Thursday.

Romanian Allegedly Involved In Murder Of Chad’s President Turned In To France

14:01, 08 Ian. 2009

Romanian Marin Cioroianu, a former legionnaire in the Foreign Legion, accused of involvement in the killing of the elder son of the President of the Republic of Chad, was turned in to French authorities late Wednesday on the Henri Coanda international airport near Bucharest.

Romanian Govt Should Assume Responsibility For Criminal, Civil Codes – President

13:37, 08 Ian. 2009

Romanian President Traian Basescu said Thursday at the presentation of the 2008 activity report of the High Council of Magistrates that the government needs to assume responsibility for the Criminal Code, the Civil Code and their respective procedure codes.

Romanian Leu Exch Rate Touches 5-Yr Low Vs Euro, At RON4.1385

13:36, 08 Ian. 2009

The Romanian leu strongly depreciated Thursday against the euro, and the central bank computed an indicative of RON4.1385 to the euro, the leu's weakest value in five years.

Romania’s Gas Consumption Totally Covered This Winter – Econ Min

13:27, 08 Ian. 2009

Romania’s gas consumption nationwide is totally covered by the local production and gas deposits, while thermal power plants using alternative fuel, due to the halt in Russian natural gas imports, are functioning normally, the Economy Ministry said Thursday.