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New Govt Plan To Lead To 6% Of GDP Budget Def In ’09 – Romania’s Fin Min

16:44, 16 Dec. 2008
The fiscal incentives in the new Romanian governing plan draft, the VAT cut, supplementary allowances for health, education and minimum pensions will lead to a budget deficit of 6% of the GDP in 2009, Romania's finance minister Varujan Vosganian said Tuesday.

Romanian New Govt To Have 18 Ministries, Deputy PM, Minister For The Relation With Parliament

16:42, 16 Dec. 2008
Romania’s future center-left coalition government will have 18 ministries, one prime minister, one deputy prime minister and a minister for the relation with Parliament, designated premier Emil Boc said Tuesday following a meting with coalition partners.

New Romanian Govt To Allocate Average Subsidy Of RON1.500 Per Hectare For Farmers

16:05, 16 Dec. 2008
Romanian farmers will be granted an annual average subsidy worth 1,500 lei (EUR1=RON3.9389) per hectare, and the state will subsidize 30% of loans taken for production, according to the 2009-2012 agenda of the country’s new center-left government.

Romania’s New Govt Plans To Build 1,000 Km Of Highway

15:40, 16 Dec. 2008
Romania’s new center-left government committed to build nearly 1,000 kilometers of highway by 2012 and start works on another 720 kilometers of highway.

Romania’s New Govt To Lower No. Of Emergency Decrees, Reform Judiciary

15:36, 16 Dec. 2008
Romania’s new government plans to enforce extraordinary procedures for recruitment in the judicial system, to grant public and free access to the official database of all normative acts and plans to do away with the excessive use of emergency decrees to pass laws.

Mortgage, Secured Personal Loans, Hardest To Get – Kiwi Finance

15:36, 16 Dec. 2008
Mortgage and secured personal loans are the hardest to get in this period, due to the guarantee pledged by the client, as real estate prices are unstable, Anca Bidian, head of finance company Kiwi Finance, said Tuesday.

New Romanian Govt Pledges To Protect National Cultural Patrimony

15:19, 16 Dec. 2008
The next Romanian government aims to halt the degradation of the national cultural patrimony, as well as to restore, protect and promote this patrimony through the development of integrated projects and of cultural cooperation networks.

Romania’s New Center-Left Govt To Assign 6% Of GDP To Education

14:41, 16 Dec. 2008
Romania’s new Government included in its governing agenda for the period 2009-2012 measures such as ensuring 6% of the gross domestic product for education, promoting a system of salaries for teachers based on performance, as well as decentralizing the pre-univeristy education system.

Romanian Center-Left Govt Outlines 2009-2012 Agr Program

14:36, 16 Dec. 2008
The Romanian authorities mull hiking farming output by stimulating voluntary farmland amalgamation in view of better exploitation, as well as by increasing animal husbandry production, according to the government’s program for 2009-2012.

New Romanian Govt Eyes EUR500 Minimum Wage At Euro Zone Entry

14:33, 16 Dec. 2008
The Romanian government agenda for 2009-2012 states a gross minimum wage of EUR500 when Romania enters the euro zone and targets the sustainability of the public pension system with the pension point maintained at a value of 45% of the gross average salary on economy.

Romanian New PM Says Governing Program To Be Submitted To Parliament Friday

14:27, 16 Dec. 2008
Romania’s designated prime minister Emil Boc said Tuesday the final draft of the center-left coalition’s governing program will be submitted to Parliament Friday, adding the document presented Tuesday in the media is a “working draft".

Romanian New Center-Left Govt Pledges To Ensure Econ Stability, Protect Jobs

13:48, 16 Dec. 2008
Romania’s new center-left government pledged in its ruling program for 2009-2012 to ensure economic stability in the country, protect jobs and maintain the existing flat tax at 16%.

Romania’s New Govt To Reduce Tourism Taxes, Reshape Tourism Auth

13:42, 16 Dec. 2008
Institutional restructuring and the creation of a specialized organization for marketing policies in tourism, as well as the reduction of the number of taxes in tourism are some of the most important tourism measures included in the governing agenda for the period 2009-2012.

Romanian Unionists In Chemical Sector Come Up With Solutions For Employee Protection

13:33, 16 Dec. 2008
Romania’s Federation of Free Unions in the Chemical and Petrochemical Industry (FSLCP) suggests some debts to the state be rescheduled and the “unjustified” suspension of the activities of a company be cancelled to support employees and companies in the economic sector during the financial crisis.

Romania ArcelorMittal Hunedoara Employees Can Register On Layoff Lists As Of Dec 16

13:19, 16 Dec. 2008
Employees of Romanian steel mill ArcelorMittal Hunedoara, a unit of UK-based giant ArcelorMittal Group, can register on layoff lists between December 16, 2008 and March 31, 2009, the company's union leader, Petru Vaidos, said Tuesday.

Romania’s New Govt To Work With Ctrl Bk, Employers Unions On Action Plan To Counter Fin Crisis

13:18, 16 Dec. 2008
Romania’s new government will work with the central bank, the Romanian association of banks, employers and unions to come up with an action plan to manage the financial crisis and relaunch private lending.

Romanian Stock Exch Launches New Internet Services Tuesday

11:01, 16 Dec. 2008
The Romanian Stock Exchange, or BVB, will launch Tuesday new Internet and mobile Internet services to align the market to the accessibility standards of similar institutions in Western Europe, the bourse said.

Romania New Passenger Car Registrations Halved In Nov ’08- ACEA

10:56, 16 Dec. 2008
The number of new car registrations in Romania decreased by 50% in November to 13,700 units, and dropped 7.5% in the first 11 months of the year to 266,637 units, thus reporting more negative results than the other European member states, the European Automobile Manufacturers’ Association said.

Car Safety Sys Mkr Autoliv Romania To Temporarily Cease Activity, No Layoffs

10:20, 16 Dec. 2008
Swedish automotive safety systems maker Autoliv halted production Monday in its plant in central Romanian city Brasov, and for the plant in Lugoj the same measure will be applied starting Wednesday, due to lower demand. Activity will be resumed on January 5, said Autoliv Romania general manager Ionel Fierbinteanu.

Romanian Govt Alliance Withstands PM Switch Blow

19:08, 15 Dec. 2008
Romanian social democrat head Mircea Geoana said after the meeting between PSD and PDL, that the announced schedule will be maintained and Tuesday there will be a new meeting between the two parties to establish the government structure, as talks on the governing agenda are "basically complete."

Romania, One Of The Most Vulnerable Countries To Econ Crisis – Moody’s

18:08, 15 Dec. 2008
Moody's included Romania among the countries most vulnerable to the effects of the current economic crisis, which are more likely to face pressures on the ratings, the ratings agency said in a report Monday.

Adrian Sarbu Appointed President And COO Of CME As Of Jan 1, 2009

16:42, 15 Dec. 2008
Adrian Sarbu is the new President and Chief Operating Officer of Central European Media Enterprises (CME) as of January 1, 2009, as current CEO Michael Garin announced he is retiring from the position and will remain Vice-Chairman of the CME Board.

Romanian Social Democrats Eye Scrapping Coalition With Democrat Liberals- Sources

16:42, 15 Dec. 2008
Romanian social-democrats said Theodor Stolojan’s decision to quit the cabinet and Emil Boc’s nomination for the premier office prove that the democrat liberals “tricked” them, stressing they are considering scrapping the protocol and regulation they signed with the democrat-liberals, social democrat sources said Monday.

Romania Cancels ’09 Bucharest Intl Motor Show On Car Ind Decline

16:38, 15 Dec. 2008
Romanian carmakers and importers on Monday decided to cancel the 2009 Bucharest International Motor Show (SIAB), following the sharp decline of the global and local auto industry, the Automotive Manufacturers and Importers Association, or APIA, said in a statement.

Nearly A Quarter Of Cars Enrolled In Romania Car Fleet Renewal Program Still Not Sold

16:00, 15 Dec. 2008
Nearly a quarter of the 40,000 cars enrolled in the 2008 edition of Romania’s “junk car” program, which targets the renewal of the country’s car park, were not bought and thus, the state subsidy of 3,000 lei (EUR1-RON3.9249) for each car was not spent either.

Romanian Fondul Proprietatea Appoints New Surveillance Board Member

15:27, 15 Dec. 2008
The stockholders of Romanian investment fund Fondul Proprietatea appointed Monday Flavia Teodosiu, a lawyer, in the fund’s Surveillance Board, replacing the state secretary within the Economy and Finance Ministry Catalin Doica.

Romanians Still Need Passports To Visit Switzerland – Foreign Ministry

15:08, 15 Dec. 2008
Romania’s Foreign Affairs Ministry said Switzerland’s accession to the Schengen Agreement has a strong impact on Romanian nationals willing to travel Switzerland, as they still need their tourist passports to visit this country.

Romanian Liberal MPs Pick Parliament Group Leaders

15:05, 15 Dec. 2008
The head of Romania’s National Liberal Party Calin Tariceanu was elected Monday leader of the liberal group in the Chamber of Deputies, with 41 votes in favor, while Puiu Hasotti became the Senate liberal group leader.

Romanian President Is “A Bit Sad”, Surprised By Stolojan’s Decision

14:59, 15 Dec. 2008
Romanian President Traian Basescu said Monday, when asked what he thinks about Theodor Stolojan’s decision to quit the cabinet, he is “a bit sad” and the decision took him by surprise.

Romanian Designated PM To Appoint Focus Group For Econ Crisis Issues

14:45, 15 Dec. 2008
Romania’s newly designated prime minister Emil Boc said Monday he will add the finishing touches to the governing program in the upcoming period and will designate a consultation group to focus on the economic crisis .

EC Might Close 112 Emergency No Infringement Case Against Romania Early ‘09

14:32, 15 Dec. 2008
The European Commission might close the infringement case against Romania over the 112 single EU emergency phone call number in early 2009, following Romania’s success in implementing caller location for mobile telephony networks, the authorities in Brussels said in a statement Monday.

Romanian President Appoints Emil Boc For PM

14:17, 15 Dec. 2008
Romanian President Traian Basescu Monday appointed Democratic Liberal Party leader Emil Boc for the prime minister office, following Theodor Stolojan’s decision to back out of the Cabinet.

Lukoil Romania Cut Diesel Oil Pump Price By RON0.06 Per Liter

13:11, 15 Dec. 2008
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, cut Monday its diesel oil pump prices by 0.06 lei (EUR1=RON3.9151) per liter, and kept the gasoline price unchanged, the company said in a statement.

Romanian Pres Was Wrong To Appoint Stolojan PM, “The Man Is Ill” – Nastase

13:07, 15 Dec. 2008
Head of the National Council of Romania’s Social Democratic Party, Adrian Nastase, said the decision of President Traian Basescu to appoint Teodor Stolojan for the prime minister office was not a good decision, as “the man is ill”.

Romanian President To Designate Emil Boc For PM

13:03, 15 Dec. 2008
Romanian President Traian Basescu Monday will designate Democratic Liberal Party leader Emil Boc for the prime minister office, following Theodor Stolojan’s decision to back out of the Cabinet.

Romanian Liberals Officially In Opposition – Party Leader

12:42, 15 Dec. 2008
Romanian liberal head Calin Tariceanu said Monday at the end of the meeting of the Central Standing Office the Liberal Party is officially in the opposition as of Monday, following the agreement between the Social Democratic Party and the Democratic Liberal Party to form a coalition government.

Teodor Atanasiu Quits Romania Privatization Auth Headship, Pursues Deputy Career

11:34, 15 Dec. 2008
Romanian liberal Teodor Atanasiu, leader of the Alba branch of the National Liberal Party (PNL), will step down as head of the country’s privatization authority AVAS to be validated as deputy in Romania’s Parliament.

Romanian Businessman Sent Documents To Get Authorization For Romanian Bk -Sources

11:23, 15 Dec. 2008
Romanian businessman Valer Blidar, the owner of several companies including train car producer Astra Vagoane Calatori Arad, submitted to the central bank the documents needed for the authorization of a bank with Romanian capital, people close to the businessman told MEDIAFAX.

EXCLUSIVE: List Of Ministries In Romania’s New Government

11:17, 15 Dec. 2008
Romania’s coalition government formed of democrat liberals and social democrats will include 23 minister seats, four of which are of minister-delegate, a prime minister and a deputy prime minster office, according to the annex of the two parties’ Coalition Regulation.

EC Anti-Torture Committee Issues Report On ’06 Romanian Prison Conditions

19:50, 14 Dec. 2008
The Council of Europe anti-torture Committee, which visited, in 2006, several prison facilities in Romania, warned that the prisons are overcrowded and the inmates spend most of their time in their cells. Romanian authorities said the situation has changed following the passing of the prison law.