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Democrat Liberals Must Scrap MPs’ Pensions, Keep Electoral Promises- Romania PM

14:04, 17 Ian. 2009
Romanian Prime Minister Emil Boc, head of the Democratic Liberal Party (PDL), said Saturday, at the meeting of the party’s legislative groups, that his party initiated a draft law aiming to eliminate lawmakers’ pensions, adding they ought to keep their promise regardless of potential setback.

Romanian Govt Postpones Decision On Car Tax Amendments

20:51, 16 Ian. 2009
The Romanian government has not yet made any decision regarding the pollution tax for cars, and has decided to continue analyzing the variants for the taxation of car owners, said Romanian prime minister Emil Boc.

Romanian Govt Eyes Dropping Purchase Price For Compensated Drugs

20:49, 16 Ian. 2009
The Romanian government will unfold a new policy on compensated drugs, which would provide a decrease by at least 10% in the purchase price for medicine, said Romanian prime minister Emil Boc.

Romania’s Petrom To Hike Gas, Diesel Oil Pump Prices By RON0.06/Liter

19:04, 16 Ian. 2009
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will hike Saturday its gasoline and diesel oil pump prices by 0.06 lei (EUR1= RON4.2655) per liter, the company said in a statement.

Romanian President Accuses Journalists Of Trying To Cause Public Panic

19:02, 16 Ian. 2009
Romanian President Traian Basescu on Friday accused the television channel Realitatea TV of trying to cause panic among population through exaggerate speculations.

Romania Needs Higher Ratings To Access Financing – Econ Min

17:16, 16 Ian. 2009
Romania needs higher ratings to gain access to financing sources and the first step is the state budget which should be “solid,” the country’s Economy Minister Adriean Videanu said Friday.

Romanian Writer H.R. Patapievici Confirmed As Head Of Cultural Institute

16:45, 16 Ian. 2009
Romanian President Traian Basescu on Friday signed a decree extending by another four years Horia Roman Patapievici’s mandate as president of the Romanian Cultural Institute.

International Court Of Justice To Rule In Romania vs. Ukraine Serpent Island Dispute Feb 3

15:39, 16 Ian. 2009
The International Court of Justice in The Hague will rule on February 3 in the case of Romania versus Ukraine on maritime delimitation in the Black Sea, the court said on its website Friday.

Romanian Econ Min Replaces Romgaz, Transelectrica’s GMs

15:25, 16 Ian. 2009
Romanian Economy Minister Adriean Videanu replaced the general manager of the country’s state-owned power grid operator Transelectrica (TEL.RO), Stelian Gal, and the one of local gas producer Romgaz Medias, Francisc Toth, Videanu told MEDIAFAX.

Romania Pension-Wage Decree Restricts Right To Labor, Pension- Constitutional Court

15:14, 16 Ian. 2009
Romania’s Constitutional Court said the interdictions and obligations imposed by Government Emergency Ordinance 230/2008 restricts both the right to pension, stipulated at article 47, section (2) of the Constitution of Romania, and the right to labor stipulated at article 41 of the fundamental law.

Around 50,000 Romanians May Lose Jobs In ’09 – Econ Min

14:42, 16 Ian. 2009
Around 50,000 Romanian employees could lose their jobs in 2009 because of the financial crisis, the country's Economy Minister Adriean Videanu said Friday

Romanian Fin Min To Present Social Partners First Budget Version Mon

14:16, 16 Ian. 2009
Romania's Finance Ministry will present Monday to trade unionists and employers' association representatives a preliminary version of the 2009 budget draft, the president of “Cartel Alfa” trade union confederation, Emil Hossu, said Friday.

Romanian Anticorruption Prosecutors Get RON5,500-9,500 Pay

13:47, 16 Ian. 2009
The head of the Romanian National Anticorruption Department, Daniel Morar, has a salary of approximately 8,000 lei (EUR1 = RON4.2655), while the pay of anticorruption prosecutors ranges between RON5,500 and RON9,500 and there is no 50% nervous strain bonus, said the institution’s press office.

Romanian Pres Voices Out High Expectations From New Govt

13:46, 16 Ian. 2009
Romanian President Traian Basescu said Friday he assumed responsibility for the setting up of the current center-left ruling structure, but pointed out that the government would soon become a “clientele” majority unless it manages to reform Romania.

Romanian Pres: A Loan From IMF Is “The Last Thing To Do”

12:46, 16 Ian. 2009
Romanian President Traian Basescu said Friday that “the last thing Romania would do” is take a loan from the International Monetary Fund, or IMF.

Romanian Public Servants Of Retirement Age, Forced To Retire As Of Feb

12:28, 16 Ian. 2009
People working in the Romanian public administration system that have reached retirement age will be forced to retire as of February, Vasile Marica, leader of the Sed Lex union of public servants, told MEDIAFAX Friday.

Over 400 SAPARD Projects In Romania Still Benefit From EU Funds

12:15, 16 Ian. 2009
Over 400 SAPARD projects, estimated at EUR90 million, will still benefit from European Union funds and beneficiaries have until late September 2009 to submit reimbursement applications, Romania’s Payment Agency for Rural Development and Fishing (APDRP), which manages SAPARD funds, said Friday.

Romania’s Rompetrol Hikes Gas, Diesel Oil Pump Prices By RON0.03/Liter

11:53, 16 Ian. 2009
Romania’s second-largest oil company Rompetrol, owned by Kazakhstan's KazMunaiGaz, hiked Friday its gasoline and diesel oil pump prices by 0.03 lei (EUR1=RON4.2764) per liter, the company said in a statement.

Romanian President Says Ministries’ Budget Requirements Would Push Def To 9% of GDP

11:44, 16 Ian. 2009
Romanian President Traian Basescu said Friday during a debate that the budget requirements of ministries would push the country’s budget deficit to 9% of gross domestic product.

Romanian Avioane Craiova Privatization Process To Continue – Econ Min

19:39, 15 Ian. 2009
The privatization process of Romania’s airplane maker Avioane Craiova (AVIO.RO) will continue, after it was transferred from Romanian Privatization authority AVAS to the Ministry of Economy, which became its majority shareholder, the ministry’s press office announced Thursday.

Romanian Bks To Have New Lending Rules In Less Than A Week – Bks Assoc Head

18:16, 15 Ian. 2009
Romanian banks will have new lending rules in less than a week and will ask for a minimum advance paid of 20%-25% at mortgage lending, the president of the Romanian Banks Association, Radu Ghetea, said Thursday.

Romanian Bks May Accept Higher Indebtedness Degree At Mortgage Lending – Ctrl Bk

18:05, 15 Ian. 2009
Romanian households can obtain higher mortgage loans, as the banks may accept a higher indebtedness degree, after the central bank’s Board decided Thursday to discard the stress tests from mortgage lending regulations.

Romania’s Sec Comm OKs Anca Dumitru As Bucharest Stock Exchange GM

18:03, 15 Ian. 2009
Romania’s Securities Commission CNVM approved Thursday the appointment of Anca Dumitru as general manager of Bucharest Stock Exchange, after Stere Farmache resigned last December, sources within capital markets told MEDIAFAX.

Romanian Carmaker Dacia Keeps Prices, Makes Offer For Clients Within Car Park Renewal Program

18:01, 15 Ian. 2009
Romanian carmaker Dacia, the local unit of France’s Renault, keeps vehicle prices unchanged but will present a commercial offer for clients buying Dacia cars within the country’s car park renewal program, once authorities launch it.

Romanian Govt To Issue Draft Law Banning Pension-Wage Cumulus

16:17, 15 Ian. 2009
The Romanian Government will push a draft law banning the cumulation of pension with salary in the public sector, a normative act to be debated with urgency in Parliament, Prime Minister Emil Boc announced.

Romanian PM Declines To Comment Before Constitutional Court Motivates Decision

14:49, 15 Ian. 2009
Romanian Prime Minister Emil Boc will comment on the Constitutional Court’s decision to declare unconstitutional the government decree banning the cumulation of pensions and wages in the public sector after the Court motivates its decision, the government said.

Romanian Pension-Wage Decree Declared Unconstitutional

14:41, 15 Ian. 2009
The Romanian Constitutional Court decided Thursday, with a majority of votes, that the provisions of Government Emergency Ordinance 230/2008, banning cumulated pensions and wages in the public sector, are unconstitutional, thus allowing the exception raised by the ombudsman.

Romanian Pensioners Urge Amendments To Pension-Wage Decree

14:13, 15 Ian. 2009
Romanian pensioners urged the government to enforce Law 250/2007 setting the pension point at 45% of the average gross wage, arguing government decree 230/2008 banning the cumulation of pensions and salaries for state employees, should be applied only for pensions above 3,000 lei (EUR1=RON 4.2772).

Ministries’ Requests May Push Romania’s 09 Budget Def to 12% Of GDP – Sources

13:54, 15 Ian. 2009
Romania’s Finance Minister Gheorghe Pogea told social partners from anti-crisis workgroups that, following the ministries’ expenditure requirements, 2009’s budget deficit should reach 12% of the GDP, sources close to discussions told MEDIAFAX on Thursday.

Romanian Leu Exch Rate Slightly Changed, To RON4.2764 Vs Euro

13:28, 15 Ian. 2009
The Romanian leu was very volatile against the euro in Thursday’s trading session and the central bank computed an indicative of RON4.2764 to the euro, close to Wednesday’s exchange rate of RON4.2772.

Romania, Fifth In EU On ’08 Annual Inflation – Eurostat

13:09, 15 Ian. 2009
Romania ranked on the fifth position in the European Union as regards the 2008 annual inflation, with a 6.4% inflationary rate at the end of December, according to EU's statistical office Eurostat.

Romania Interim Interior Min Vies To Crack Down On Violence, Drug Dealing In Schools

12:14, 15 Ian. 2009
Romania’s interim interior minister Dan Nica said Thursday that public safety measures must be taken immediately, since drug dealers offer free drugs to students in many schools, adding many students face blackmail and aggression every day.

Romanian Tourism Min Wants Sector To Contribute To State Budget, Create Jobs

11:58, 15 Ian. 2009
Romania’s tourism minister Elena Udrea said Thursday during the National Tourism Seminar held in Gura Humorului, northeastern Romania, that she wants the tourism sector to become "a contributor to the state budget and a creator of jobs”.

Seven Cos In N Romanian County Scrap 341 Jobs In Jan

11:41, 15 Ian. 2009
Seven companies in Bistrita-Nasaud county, northern Romania, notified the local employment agency they would lay off 341 employees in January, mostly in the construction sector.

Romanian Govt Plans Public Sector Wage Hikes In April Covering Just Inflation

10:24, 15 Ian. 2009
The Romanian government plans to increase public sector wages in April 2009 only in ratio to the estimated rise in inflation, and might up wages again in the fourth quarter of the year in ratio to labor productivity.

Romania’s 11-Mo Curr Acct Gap Widens 7.8% YY To EUR16B

10:17, 15 Ian. 2009
Romania’s current account deficit rose 7.8% on the year in the January-November period to EUR 16 billion, from EUR14.83 billion in the same period a year earlier, the central bank said in a statement Thursday.

Romania New Car Registrations Dn 8.7% In 2008, To 285,000 Units – ACEA

10:06, 15 Ian. 2009
Romania’s new car registrations decreased 8.7% last year, to 285,489 units compared to 312,532 units in 2007, a sharper decline than the European Union average, the European Automobiles Manufacturers’ Association, or ACEA, said Thursday.

Romanian Constitutional Reform Must Include A Complete Makeover Of Public Privileges – PM

19:42, 14 Ian. 2009
The constitutional reform in Romania should settle several major issues, namely eliminate the current blockages and ensure decisional rights for the public local administration, as well as a complete makeover of privileges in the public sector, Premier Emil Boc said Wednesday.

Annulment Of Romania’s Pwr Holding Setup Is A Bad Decision – Union Leader

19:06, 14 Ian. 2009
Romania’s Economy Ministry decision to annul the national power holding setup "is the worst decision ever made," following which Romania will no longer matter on the European energy market, Dumitru Costin, head of national union BNS, told MEDIAFAX on Wednesday.

Econ Min Official Confirms Annulment Of Romania’s Pwr Holding Setup

17:31, 14 Ian. 2009
Romanian Economy Ministry will draw up an emergency ordinance to annul the national power holding setup, Tudor Serban, state secretary within the ministry, told MEDIAFAX on Wednesday.