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Fitch: Romanian Banks Face Pressure On Exchange Rate

19:54, 30 Mart. 2009
The ongoing global financial crisis has exposed Romanian banks to increased risks, through mounting pressure on the exchange rate in an operating environment dominated by foreign banks, Fitch Ratings said in a special report Monday.

EBRD Approves EUR300M Loan To Romania’s Petrom

18:41, 30 Mart. 2009
The Board of the European Bank for Reconstruction and Development approved on March 24 a EUR300 million corporate senior unsecured loan to Romania’s largest vertically integrated oil company Petrom (SNP.RO), for environment investments, according to EBRD data.

Romanian Leu Up Vs Euro, On Alleged Ctrl Bk Intervention

18:10, 30 Mart. 2009
The Romanian leu was the only currency in the region to appreciate against the euro on Monday, dealers suspecting an intervention of the central bank on the interbank market through euro sales to support the leu.

Debate On Codes Must Remain Technical, Not Political – Romanian Justice Min

16:42, 30 Mart. 2009
Romanian justice minister Catalin Predoiu said Monday that the Parliament’s debate on the new codes must remain in a technical-legal context and over-politicizing must be avoided.

Romanian Tourism Min Willing To Fund President’s Daughter EP Campaign

16:15, 30 Mart. 2009
Romanian tourism minister Elena Udrea said Monday she will pitch in if Romanian president Traian Basescu’s youngest daughter, Elena Basescu, needs financial support for her European Parliament election campaign.

Trial Of Former Romanian Ministers Seres, Nagy Starts May 11 At Supreme Court

16:00, 30 Mart. 2009
The trial in which Romania’s former economy minister Codrut Seres and former communications minister Zsolt Nagy are accused of organized crime along four others in a file concerning strategic privatizations will start on May 11 at the High Court of Justice.

Romanian Civil Society Threatens To Take Govt To Court Over Legal Codes

15:31, 30 Mart. 2009
Romanian nongovernment organizations are unhappy with the lack of public debate on the new legal codes and announced Monday that they may take the Government to court for breaking the law of transparency.

Romanian Liberals Call For No-Confidence Vote If Govt Takes Responsibility For Civil, Criminal Codes

15:29, 30 Mart. 2009
The standing office of Romania’s Liberal Party, in opposition, decided unanimously Monday to recommend liberal lawmakers to call for a no-confidence vote in Parliament if the government takes responsibility for the Criminal Code, Civil Code and their respective procedure codes and they become law.

Low No Of Transactions May Lead To Higher Fees – Romanian Real Estate Agencies Assoc

15:04, 30 Mart. 2009
The low number of real estate transactions closed in the last months might trigger the increase of agents’ fees, the representatives of Romanian Association of Real Estate Agencies ARAI said Monday.

WB Recommends Romania To Raise Retirement Age Above 70 By 2050

14:39, 30 Mart. 2009
The World Bank recommends Romania to raise the minimum retirement age over the 70 years old ceiling until 2050 and to keep the taxes at levels corresponding with the current retirement age in order to restore the fiscal balance in the country’s pension system that would register huge gaps.

Cosmote Romania Expands Portfolio To More Than 6 Million Clients

14:13, 30 Mart. 2009
Cosmote Romania, the local unit of Greek Cosmote Group, managed to attract more than six million clients, after it expanded its portfolio by over 2.2 million clients in 2008, the mobile telephony operator said Monday.

Romanian MEP Daianu Not Interested In Ctrl Bk Deputy Governor Position

13:46, 30 Mart. 2009
Daniel Daianu, a member of the European Parliament and of the National Liberal Party, stated Monday, during the party's National Executive Council meeting, that he cannot accept a proposal for the position of deputy governor of the National Bank of Romania.

Romanian Leu Exch Rate At RON4.2392 Vs Euro, Strongest In 2 Mos

13:23, 30 Mart. 2009
The National Bank of Romania computed Monday a daily indicative of RON4.2392 against the euro, the leu’s strongest level in the last two months.

Romanian Doctors Invited To Talks At Health Ministry

12:35, 30 Mart. 2009
Representatives of family doctors in Romania were invited Monday to talks at the Health Ministry, after they threatened in recent days they would close their practices for an unlimited period as of April 1.

Romanian Couple In Critical Condition After Being Shot In N Italy

12:08, 30 Mart. 2009
A young Romanian woman is badly injured after she and her husband were shot by an Italian man, seemingly because of a love affair, in the Verona province (Veneto region, northern Italy), Corriere della Sera reported online.

Romanian Ex Ministers Indicted In Strategic Privatization File

11:49, 30 Mart. 2009
Romania’s former economy minister Codrut Seres and former communications minister Zsolt Nagy were indicted Monday by organized crime prosecutors, alongside another four defendants, in a file concerning shady privatization deals.

Romanian Family Doctors Threaten To Seal Cabinets As Of April 1

10:32, 30 Mart. 2009
Romanian family doctors countrywide threaten to close down their cabinets as of April 1, for an unlimited period, until concrete negotiations with respect to the frame contract on the provision of healthcare services in 2009.

IMF Urged Romania To Gradually Reduce Salary Fund To 5% Of GDP – Sources

20:12, 29 Mart. 2009
Romania’s public salary fund should be gradually reduced to 5% of gross domestic product, from current 8%, over the next four years, following talks between officials of the International Monetary Fund and the Romanian government, official sources said Sunday.

Romania Foreign Min Calls On Moldovan Authorities To Account For Recent Border Incidents

18:38, 29 Mart. 2009
Romania’s foreign minister Cristian Diaconescu said Sunday that over two hundred Romanian nationals have been denied access to the Republic of Moldova over the past few days, and stressed the authorities in Chisinau failed to offer any explanations despite the ministry’s repeated notifications.

Romania Fiscal Auth Scraps Postal Sys For Income Statement Delivery/Reception

17:09, 29 Mart. 2009
Romania’s fiscal regulator ANAF decided to scarp its postal system for delivery and reception of income statements in an attemp to save 5.33 million lei (EUR1=RON4.2484) and taxpayers will have to submit their income statements directly to the local fiscal offices.

Low Wages, Pensions Must See Slight Increase Even In Times Of Crisis- Romanian President

15:38, 29 Mart. 2009
Romanian President Traian Basescu said Sunday, at the congress of the National Federation of Trade Unions in the Local Public Administration "Publisind," that the economic crisis will not affect low wages and pensions, which should see slight increases even in times of crisis.

Romania Lost 2-3 To Serbia In FIFA World Cup Qualifying Match

01:53, 29 Mart. 2009
Romania’s national soccer team suffered its second defeat in the 2010 FIFA World Cup qualifying Group 7, after losing 2-3 on home turf to Serbia’s team Saturday evening.

Romanian Patients To Pay For All Healthcare Services As Of April 1

19:30, 28 Mart. 2009
Romanian family doctors unanimously decided Saturday not to sign the frame contract on the provision of healthcare services in 2009, which forces patients to pay for examinations, compensated medicine prescriptions and medical tests starting April 1.

Another 26 Romanian Nationals Denied Access To Republic Of Moldova

17:31, 28 Mart. 2009
Another 26 Romanian nationals were denied access to the Republic of Moldova on Saturday and the number of Romanians facing this situation rose to 250 since Thursday night, chief commissioner Vasilica Tataru, spokesperson for Iasi Border Police Department, eastern Romania, said Saturday.

Romania Officially Joins Earth Hour 2009 Global Campaign

15:59, 28 Mart. 2009
Romania officially joined this year the world’s first global election, between Earth and global warming, within the Earth Hour international event organized by the World Wildlife Fund (WWF) and held on the last Saturday of March each year.

Romanian President Attends Reunion Of Local, County Council Heads

14:25, 28 Mart. 2009
Romanian President Traian Basescu on Saturday reached Busteni, in southern Prahova County, to attend the reunion of mayors and heads of local and county councils countrywide and was welcomed by Romania's IBF super-middleweight champion Lucian Bute.

U.S. Constructor Bechtel Resumes Works On Transylvania Highway

16:55, 27 Mart. 2009
U.S. constructor Bechtel employees will resume work on Transylvania Highway as of Monday, March 30, after a three-month technical unemployment period, union leader Mihai Lup said Friday.

Romanian Overdue Loans Up 20.5% M-M In Feb

15:14, 27 Mart. 2009
Romanian non-performing loans rose 20.5% on the month in February to 4.25 billion lei (EUR1=RON4.2484), according to central bank data released Friday.

No Of Romanians Working Abroad Seen Dn On Intl Fincl Crisis – KPMG

14:53, 27 Mart. 2009
The number of Romanians working abroad, as well as of foreign employees in Romania, is expected to fall in the light of the international financial crisis, but on medium and long term, multinational companies will continue to depend on labor mobility, according to financial consultancy firm KPMG.

Romania’s Tarom To Launch 10 New Flights In June

14:45, 27 Mart. 2009
Romanian state-run airliner Tarom will operate six new external flights and four internal ones starting June, the air carrier said in a statement Friday.

Romanian President Wants Tadic To Leave Romania-Serbia Match Upset

14:40, 27 Mart. 2009
Romanian President Traian Basescu said Friday he hopes Romania beats Serbia in Saturday’s football match in the southeastern Romanian city of Constanta, while Serbian President Boris Tadic said traditions can sometimes be broken, referring to the fact that Romania has never lost a match in Constanta.

Lukoil Romania Hikes Pump Prices By RON0.06 Per Liter

14:13, 27 Mart. 2009
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, hiked Friday its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2484) per liter and kept the LPG price unchanged, the company said in a statement.

Over 30% Of Automotive Services In Romania Could Go Bankrupt In ‘09 –Official

13:59, 27 Mart. 2009
The economic crisis and the problems insurance companies face these days might put nearly one third of automotive service centers in Romania out of business, Ion Vasile, head of the Association of Independent Automotive Service Companies (ASSAI), said Friday.

Romanian Constructors Threaten To Sue Govt Over Unpaid Debts

13:56, 27 Mart. 2009
Romanian constructors might sue the government for overdue payments unless the authorities pay their debts to suppliers by the end of the month, officials of the country’s council for small and medium-sized enterprises (SMEs) said Friday.

Romanian Leu Indicative Rate Hits 7-Week High At RON4.2484 Vs Euro

13:33, 27 Mart. 2009
The National Bank of Romania computed Friday an indicative of RON4.2484 to the euro, the leu's strongest level in seven weeks, following the currency's appreciation on the inter-bank market.

Romanian Education Union Sues Govt Over Decree Regulating Public Sector Wages

13:30, 27 Mart. 2009
The Romanian Federation of National Education sued the government and required the annulment of an emergency decree regulating salaries in the public sector, which the government refused to repeal.

Cigarettes In Romania To Cost RON0.4 More Per Pack As Of April 1

13:03, 27 Mart. 2009
Cigarette prices in Romania will increase by 0.4 lei (EUR1=RON4.2723) per pack as of April 1, as the Romanian Government decided to increase excise duties on tobacco products as of April 1, to EUR57 per 1,000 cigarettes from EUR50.

Romanian FM Concerned About Tourists Stopped At Moldovan Border

12:57, 27 Mart. 2009
Romanian Foreign Minister Cristian Diaconescu said Friday he is “concerned and worried” with respect to the situation of Romanian nationals, who are “systematically” denied access to the Republic of Moldova.

Serbian President On Official Visit To Romania

12:29, 27 Mart. 2009
Serbian President Boris Tadic began his official visit to Romania Friday and was received at the Cotroceni Palace by Romanian President Traian Basescu.

Romanian Tourists Denied Access To Republic Of Moldova

11:33, 27 Mart. 2009
Sixteen Romanian tourists riding the international train on the route Bucharest - Chisinau said they were halted in Ungheni customs Thursday night and Moldovan customs officers denied them access to the Republic of Moldova.