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Romanian Bks Close For Winter Holidays, Units In Malls Open Shorter Hrs

18:20, 22 Dec. 2008
Most bank units in Romania will be closed on December 25 and 26, and on January 1-3, 2009, and only those located in shopping centers will be open and function on a special schedule.

Romania’s Energy Watchdog Confirms Keeping Household Gas, Pwr Prices Unch Jan 1

17:25, 22 Dec. 2008
Romanian household natural gas and electricity prices will remain the same in the first quarter of 2009, while electric power prices for industrial consumers will hike by around 1.5%, Romania’s Energy Authority ANRE confirmed Monday.

Romania’s Cigarette Producers Hike Pk Price By RON0.2 On Higher Excise

17:24, 22 Dec. 2008
Cigarette producers in Romania increased Monday the price of a pack of cigarettes by 0.2 lei (EUR1=RON3.9305), as the minimum excise per 1,000 cigarettes will hike on January 1, 2009.

Romania’s New Govt Eyes Pension Point At 45% Of Gross Avg Wage – Designated PM

17:24, 22 Dec. 2008
Romanian designate Prime Minister Emil Boc told Parliament Monday the new Government eyes reaching a level of the pension point equal to 45% of the gross average wage on economy, if the public system of pensions can sustain the move.

Officials In State Co Boards To Have Rights Suspended One Year – Designated PM

16:18, 22 Dec. 2008
Romania’s designated Prime Minister Emil Boc said Monday in Parliament that dignitaries part of managing boards of state-owned companies will have their rights suspended for a year.

Bucharest Councilors OK RON23.4M Additional Budget Revenues

16:15, 22 Dec. 2008
Bucharest city councilors on Monday approved a budget revision for the Romanian capital, including 23.4 million lei (EUR1-RON3.9305) additional revenues and RON403 million reduced expenses with foreign debts.

Romania’s Rompetrol To Cut Gas, Diesel Oil Prices By RON0.03, RON0.08/Liter

16:07, 22 Dec. 2008
Romania’s second-largest oil company Rompetrol, owned by Kazakhstan's KazMunaiGaz, will cut Tuesday its gasoline pump prices by 0.03 lei (EUR1=RON3.9305) per liter and diesel oil prices by RON0.08 per liter, the company said in a statement.

Romanian Senate Allows Govt To Issue Emergency Decrees During Parliament Recess

15:37, 22 Dec. 2008
Romanian senators decided Monday 114 to one votes to allow the government to issue emergency decrees during the Parliament’s recess.

Romanian President Asks Parliament Consent To Keep Romanian Troops In Iraq In ‘09

15:25, 22 Dec. 2008
Romanian President Traian Basescu sent a letter to Parliament Monday requiring its consent to keep Romanian troops in Iraq in 2009.

Romanian Household Gas, Pwr Prices May Stay Unch Jan 1 – Sources

12:39, 22 Dec. 2008
Romanian household natural gas and electricity prices might remain the same on January 1, 2009, while electric power prices for industrial consumers might be slightly increased, sources within the Regulation Committee of Romania’s Energy Authority ANRE, told MEDIAFAX on Monday.

Romanian Parliament Summoned In Jan To Discuss ’09 State Budget – Sources

10:25, 22 Dec. 2008
Romania’s new ruling coalition formed of democrat liberals and social democrats decided to summon the Parliament in extraordinary meeting in the last week of January to debate the 2009 state budget draft, which they will most likely complete on January 20.

Pvt Individuals In Romania To Pay 16% Tax For Commercial Real Estate Transactions

18:53, 21 Dec. 2008
Private individuals in Romania who carry out real estate transactions for commercial purposes will pay the value added tax, or VAT, of 19%, while a tax of 16% will be levied on this sort of operations, regardless of who performs them.

Romania’s New Cabinet Members Meet Before Parliament Votes On Investiture Monday

17:54, 21 Dec. 2008
The ministers nominated by Romania’s designated Prime Minister Emil Boc are participating in an informal meeting Sunday afternoon at the Palace of Parliament.

Lower VAT For Food Prod Scrapped From Romania’s Final Governing Agenda

16:15, 21 Dec. 2008
The Romanian democrat liberals and social democrats have put away from the final version of the governing agenda the proposal to lower the 19% value added tax, or VAT, to 5% for basic food products and to increase it to 25% for luxury items.

Romania’s Foreign Affairs Ministry Recommends Citizens To Avoid Greek Frontier Point

15:14, 21 Dec. 2008
Romania’s Foreign Affairs Ministry recommends Romanian citizens located in Greece or planning to visit the country to avoid these days the Prohamonas frontier point and the Tempi and Serres areas.

Record-Breaking Santas Get Bucharest In The Guiness Book

14:59, 21 Dec. 2008
Bucharest is now in the Guinness World Book of Records after 3,939 Santas gathered in Romania’s capital and offered gifts to the passersby.

Romania’s Designated Health Min Resigns From Local Ferrari Dealer

14:37, 21 Dec. 2008
Romania’s designated health minister Ion Bazac gave up Thursday the headship of Forza Rossa, the local subsidiary of Ferrari, following his nomination for health minister.

People Throw Coins At Former Romanian Pres During Commemoration Of Revolution Heroes

13:52, 21 Dec. 2008
Romania’s former president Ion Iliescu encountered hostility on Sunday during the commemoration of the heroes of the 1989 Revolution, as people started to throw coins at the former head of state.

Romanian MPs Approve Nomination Of Theodor Paleologu For Culture Min

01:56, 21 Dec. 2008
The Romanian special parliamentary committees approved Saturday the nomination of Theodor Paleologu for the headship of the Culture, Cults and National Patrimony Ministry.

Romanian MPs Validate Foreign Affairs Min Nomination

01:33, 21 Dec. 2008
Romania’s joined Foreign Affairs Committees approved Saturday the nomination of Cristian Diaconescu for Foreign Affairs Minister.

Romanian MPs Approve Nomination Of Deputy Prime Minister

01:10, 21 Dec. 2008
The joined foreign affairs and economic committees of Romania’s Parliament approved Saturday the nomination of social democrat Dan Nica for Deputy Prime Minister.

Romania’s New Coalition Removes Thesaurus Issue From Govt Agenda

00:34, 21 Dec. 2008
Romanian social democrats and democrat liberals removed from the final form of the governing agenda the disposition regarding the recovery of the country’s Thesaurus in Moscow.

Romanian MPs Validate Nomination Of New Transport Min

23:18, 20 Dec. 2008
Romanian parliamentary committees approved Saturday the nomination of democrat liberal Radu Berceanu for the headship of the Infrastructure and Transportation Ministry, with 31 pros, eight cons and one abstention.

Romanian MPs Approve Nomination Of Constantin Nita For SMEs, Business Environ Min

21:02, 20 Dec. 2008
Romanian parliamentary committees approved the nomination of social democrat Constantin Nita for the headship of the Ministry of SMEs and Business Environment in the next Cabinet, following hearings on Saturday.

Romanian MPs Validate Gabriel Sandu For Communication Min

20:37, 20 Dec. 2008
Romanian parliamentary committees validated Gabriel Sandu for the headship of the Ministry of Communication and Information Society, with 17 votes in favor, two against and one abstention.

Romanian MPs Validate Nomination Of Vasile Blaga For Regional Development Min

20:01, 20 Dec. 2008
The joined committees of the Romanian Parliament approved the nomination of democrat liberal Vasile Blaga as head of the Ministry for Regional Development and Housing, following hearings on Saturday.

Romania’s New Govt Keeps Committee For Litigations In Final Agenda

19:30, 20 Dec. 2008
Romanian democrat liberals and social democrats removed from the governing agenda the disposition regarding the elimination of the National Committee for Litigations (CNSC), operation which was initially seen as a solution for rendering the public acquisition procedures efficient.

Romanian MPs Approve Nomination Of Adriean Videanu For Econ Min

18:50, 20 Dec. 2008
Romanian parliamentary committees approved Saturday the nomination of democrat liberal Adriean Videanu for the economy minister seat in the new Cabinet, with 49 votes in favor and six abstentions.

Romanian MPs Approve Nomination Of New Min In Charge Of The Relation With Parliament

17:54, 20 Dec. 2008
The joined legal committees of Romania’s Parliament approved Saturday the nomination of social democrat Victor Ponta for minister in charge with the Relationship with Parliament, with 28 “pros”, 8 “cons” and no abstention.

Romania’s New Govt Revises Hike Of Gross Avg Wage Earnings For ‘09

16:57, 20 Dec. 2008
Romania’s new Government revised downwards in the final form of the governing agenda the hike of gross average wage earnings and of the gross average wage by minus 40 lei (EUR1=RON3.9497), and sees a falling tendency for the period 2010-2012 compared to the initial estimations.

Romania’s ’09 Budget Def Aim Of 1.7% Of GDP Deemed Relative – Designated Fin Min

14:20, 20 Dec. 2008
Romania's budget deficit will reach, by the end of the year, 4% of the GDP, a level that needs to be significantly reduced in 2009, to 1.7% of the GDP, a somehow relative target, due to global market uncertainties, the designated Finance Minister Gheorghe Pogea said Saturday.

Social Democrat, Democrat Liberal Heads Designate Current Justice Minister For New Mandate

14:08, 20 Dec. 2008
Romanian social democrat and democrat liberal leaders Mircea Geoana and Emil Boc nominated Catalin Predoiu, the country’s current Justice Minister, for a new mandate at the headship of the Justice Ministry in the next Cabinet.

Spain Lifts Labor Restrictions For Romanians, Bulgarians

19:40, 19 Dec. 2008
Spanish authorities on Friday decided to lift labor restrictions in imposed on Romanian and Bulgarian workers, Spanish news agency Europa Press reported.

Bucharest Court Of Appeal Cancels One UDMR Deputy Mandate

19:22, 19 Dec. 2008
The Bucharest Court of Appeal cancelled, Friday, the deputy mandate obtained by Magyar minority party candidate Koto Jozsef in the electoral college of Romanians abroad, following the case opened by Magyar minority party candidate Benedek Imre Sandor against the Central Electoral Office.

Romanian Designate PM Calls For ‘Time Off’ On Teachers’ Pay Hike

18:40, 19 Dec. 2008
Romania’s designate premier Emil Boc on Friday said he asked trade unions and employers’ associations for “time off” regarding the 50% pay hike for teachers, adding authorities will conduct a thorough analysis on the matter.

Romania’s Alro Aluminum Smelter Cuts 1,200 Jobs

17:53, 19 Dec. 2008
Romania’s Alro, the largest aluminum producer in Central and Eastern Europe, owned by Dutch-based Vimetco, announced Friday it is evaluating a 50% cut in production and sacking 1,200 of its operational staff in Slatina, in 2009.

Spanish Police Arrest Romanian Burglary Suspects

16:47, 19 Dec. 2008
Spanish police cracked down on a crime group specializing in burglary, formed mostly of Romanians. Police arrested nine people in the cities Malaga and Granada, daily Diario Cordoba informed online.

Deadline To File Bids For Fondul Proprietatea Manager Extended By Jan 22

16:37, 19 Dec. 2008
The deadline to file initial bids for selecting the manager of Romanian investment fund Fondul Proprietatea was extended from January 15 to January 22, 2009, at the request of financial consultant Schroders, so that the interested companies would have more time to prepare their papers.

Bucharest Mayoralty To Pay RON63M For Street Refurbishment

15:31, 19 Dec. 2008
Bucharest mayoralty will pay 63 million lei (EUR1-RON3.9497) for rehabilitation of ten streets in the city, according to the bid notice.

Romanian Owned Black Sea Glbl Prp Offer EUR37.8M To Overtake Fabian Romania

14:34, 19 Dec. 2008
Black Sea Global Properties Limited, or BSGP, indirectly owned by Romanian businessman Dinu Patriciu, launched an EUR37.8 million offer to overtake the real estate investment fund Fabian Romania Limited.