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Romanian ‘08 Budget Def Widening Not Due To Fincl Crisis – Fin Min

19:16, 29 Ian. 2009
Romania’s budget deficit of 5.2% of the gross domestic product in 2008 was not necessarily fueled by the international financial crisis, and the EU might punish the member states that went beyond 3% of the GDP threshold due to other reasons, Romanian Finance Minister Gheorghe Pogea said Thursday.

Romanian Communications Min To Discuss Infringement With Viviane Reding

18:09, 29 Ian. 2009
Romanian communications minister Gabriel Sandu will meet on February 17, in Prague, with European commissioner for information society and media Viviane Reding, to discuss the infringement procedure initiated when Romania breached EU regulations on the independence of its national telecom regulator.

Romanian Govt Allots 20% Of ’09 Budget Spending For Invest – Sources

17:11, 29 Ian. 2009
Romania's Government decided in Thursday’s meeting to assign 20% of the 2009 budget spending for investments, mainly in infrastructure, governmental sources told MEDIAFAX on Thursday.

Romanian Public Sector Wages to Grow By 5% This Year – Sources

16:53, 29 Ian. 2009
Romanian public sector salaries could be increased this year by some 5%, in stages, which is a variant discussed in the meeting held Wednesday between the members of the government coalition, but a decision will be reached Thursday in the government meeting, political sources told MEDIAFAX.

EC Closed Infringement Procedures Against Romania Over 112 Emergency No

16:47, 29 Ian. 2009
The European Commission decided Thursday to close the infringement procedures over the 112 single EU emergency phone call number, after Bucharest confirmed emergency services have access to caller location information, which allows them to trace rapidly the victims of the accidents for all calls.

Romanian Education Min Budget Reaches 6% Of GDP – Sources

16:36, 29 Ian. 2009
The budget of the Romanian ministry of Education has been set by the Government at 6% of the gross domestic product, official sources told MEDIAFAX.

Gross Avg Monthly Wage At Romania’s Devt Ministry Worth RON4,746, Not 8,818 – Ministry

16:16, 29 Ian. 2009
Romania’s Regional Development Ministry said the monthly average wage in the institution last year reached 4,746 lei (EUR1=RON4.2314), including the base and the merit salary, the seniority bonus and the management bonus, and not of RON8,180, as shown by a government document Wednesday.

Higher Tobacco Excise Means Higher Prices, More Contraband – JTI Romania

15:50, 29 Ian. 2009
Cigarette maker Japan Tobacco International (JTI) said the Romanian tobacco excise calendar has already been rushed with the introduction of the vice tax, and an early increase of the excise would spell 50% increases in cigarette prices and would put contraband in control of 30% of the market.

Romanian Prosecutors Launch Criminal Investigation Into Weapons Warehouse Break-In

15:46, 29 Ian. 2009
Romanian military prosecutors started criminal investigations "in rem" regarding stolen weapons from a military warehouse in Ciorogarla, in Ilfov County, near capital Bucharest.

Romanian Bkers Want Ctrl Bk To Cut Rate, Min Req Reserves Ratios

15:44, 29 Ian. 2009
Romanian bankers are waiting for the central bank to cut both the key rate and the minimum required reserve ratios in next week’s Board meeting, in order to unfreeze lending, said the president of the Romanian Banks Association, or ARB.

Police Check Thousands Of Cars After Weapons Warehouse Break-in

15:32, 29 Ian. 2009
Romanian police are checking, since Wednesday evening, cars in Bucharest, surrounding Ilfov county and the Bucharest - Pitesti highway after a weapons storage facility in Ciorogarla, lfov, was broken into.

EC Initiates 2nd Stage Of Infrigement Against Romania, On Energy Efficiency

15:21, 29 Ian. 2009
The European Commission initiated the second stage of the infringement procedure against Romania, alongside other 19 European union member states, as it failed to communicate its transposition of the Energy Services Directive, the Commission said Thursday.

Romanian Telecom Regulator Must Be Placed Under Parliament Control – Regulator Head

15:07, 29 Ian. 2009
The Romanian Government, Parliament and particularly politicians in these institutions must realize the importance of ensuring the independence of the National Communication Authority, or ANC, regulator president Liviu Nistoran said Thursday.

Romanian Ed Ministry’s Unpaid Bills Worth RON1,200B To Be Included In ’08 Budget Def

14:38, 29 Ian. 2009
The leaders of Romania’s governing coalition decided that last year’s unpaid bills worth 1,200 billion lei (EUR1=RON4.2314) belonging to the Education Ministry will not be paid from the 2009 budget, and will be included in last year’s budget deficit, people close to the matter told MEDIAFAX.

Romanian Culture Ministry Considers To Options To Exploit Castle Bran

14:29, 29 Ian. 2009
Romania’s Ministry of Culture considers two variants to exploit Castle Bran, that of a public-private partnership or the castle’s acquisition by the state, culture minister Theodor Paleologu said Thursday.

Pensions In Romanian Public Sys To Increase 5% In Two Tranches – Sources

14:11, 29 Ian. 2009
Pensions in Romania’s state pension system will be increased 5% in 2009, in two tranches: 3% in April and 2% in October, taking the pension point to 42 - 45% of the average gross wage, people close to the talks within the governing coalition told MEDIAFAX Thursday.

EU Telecoms Commissioner Offered Romanian Telecom Min Support To Solve Regulator Issue

14:05, 29 Ian. 2009
EU Telecoms Commissioner Viviane Reding spoke Tuesday evening and Wednesday morning on the phone with Romanian communication minister Gabriel Sandu to discuss the EC’s intention to launch an infringement case against Romania and offered support to solve the matter, EC spokesman Martin Selmayr said.

Romanian Education Min Budget Higher Than 5% Of GDP In ’09

14:03, 29 Ian. 2009
The budget held by the Romanian Ministry of Education in 2009 will be higher than 5% of the GDP, but it is not certain to reach the legally provisioned 6% of the GDP, according to a consensus between the leaders of the government coalition, political sources told MEDIAFAX.

Romania’s Highway Co Mulls RON471M Road Repair Works

13:40, 29 Ian. 2009
Romania’s National Highways and Roads Company, or CNADNR, plans to carry out repair works totaling 471.14 million lei (EUR1=RON4.2340), VAT not included, on 210 kilometers of two national roads, CNADNR said Thursday in a press statement.

EC Launches Infringement Case Against Romania Over Independence Of Regulator

13:26, 29 Ian. 2009
The European Commission decided Thursday to launch infringement procedures against Romania, which breached EU rules regarding the independence of its national telecom regulator, the Commission said in a press release.

Romanians’ Protection Deficit Doubled From 2006, Reaching RON388B

13:14, 29 Ian. 2009
Romanians’ protection deficit, calculated as the difference between available financial resources and needs, amounts to 388.5 billion lei (EUR1=RON4.2340), double compared with EUR43 billion in 2006, according to data of life insurer ING Asigurari de Viata.

Romanian Magistrates- Highest Paid Public Sector Employees In ’08- Report

12:49, 29 Ian. 2009
A report drafted by the Romanian government indicates that the average monthly costs per person on public sector wages, during January-November 2008, range from 1693 lei (EUR1=RON4.2340) for the Economic and Social Council up to RON9926 for the Supreme Court, which ranks first in the hierarchy.

Romanian CFR Calatori To Buy 20 Railroad Carriages For Car Transport

12:48, 29 Ian. 2009
Romania’s state-owned passenger railway company CFR Calatori will buy, in the next three years, 20 railroad carriages from railway carriage maker Atelierele CFR Grivita, worth 14.5 million lei (EUR1=RON4.2340), VAT not included, for the transport of vehicles.

Real Estate Deals In Romania Dn 25% In Sept-Dec, Dn Over 7% On Yr In 2008

12:08, 29 Ian. 2009
The number of real estate deals in Romania decreased about 25% on the year in the last four months of 2008 and the number of deals for the entire year 2008 decreased more than 7% compared to 2007, the Romanian Union of Notaries Public, or UNNPR, said in a press release Thursday.

Romanian BSGP Holds 99.1% Stake In Fabian Romania, Offer Closed

11:22, 29 Ian. 2009
Black Sea Global Properties Limited, or BSGP, owned by Romanian oil tycoon Dinu Patriciu through Rompetrol Holding, held a 99.1% stake in Romanian property fund Fabian Romania upon expiry of the extended takeover offer, on January 28.

Romania Gets Code Yellow Warning For Snow, Strong Wind

11:14, 29 Ian. 2009
Romania’s national meteorological authority on Thursday sent out yellow code warnings for 17 counties in eastern and southeastern Romania where snow and strong wind are expected Thursday through Saturday.

Romania Needs EUR20B To Finance Deficit In May – Social Democrat Leader

10:28, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said Wednesday evening on B1TV that Romania would need around EUR20 billion in May, to finance the deficit, adding that a loan of some EUR7 billion from the International Monetary Fund would not be excluded.

Romanian Social Democrat Leader Hasn’t Decided On Running For President

10:04, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said late Wednesday on B1TV that he hasn’t yet decided whether or not he should run for president, adding he will make a decision “at the right time".

Romanian President Wants State Budget Adopted Thursday – Union Leader

09:59, 29 Ian. 2009
Marius Petcu, head of National Confederation of Free Trade Unions in Romania - CNSLR Fratia said Wednesday that Romanian President Traian Basescu explicitly asked for the 2009 state budget to be adopted Thursday.

Romanian Governing Coalition Found Ways To Up Low Wages, Pensions – Social Democrat Leader

09:44, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said Wednesday night after a coalition meeting that the government will make a decision regarding pensions and wages on Thursday, adding a “reasonable” solution was reached to allow increases.

Unionists Ask Romanian Pres Not To Interfere In Negotiations With Govt

20:57, 28 Ian. 2009
Union leaders asked Romanian President Traian Basescu to no longer interfere in the negotiations between the Government and the social partners, head of the unions CNSLR Fratia and BNS said at the end of the meeting on Wednesday.

A 50% Hike In Romanian Teachers’ Salaries Would Impact Budget Def, Inflation – EC

20:15, 28 Ian. 2009
European Commission stated Wednesday that the implementation of the law on increasing teachers’ salaries by 50% would significantly impact Romania’s budget deficit, inflation and the entire economy, as it may trigger similar requests from other public sectors.

Romanian Govt Drops Move To Cut Central Administration Staff By 20%

20:02, 28 Ian. 2009
The Romanian Government will not reduce the number of the central administration’s employees by 20%, said Vasile Marica, head of the public servants' alliance Sex Lex, after the meeting with the Prime Minister and the President on Wednesday.

Romanian President Notices ‘Anomalies’ Btw Wages In Public, Production Sectors

20:00, 28 Ian. 2009
Employees of public institutions are paid way above the employees in the production sector, which is “kind of an anomaly,” Romanian President Traian Basescu said after talks with employers’ associations on Wednesday.

EC: Romanian Tax Sys Most Burdensome

19:25, 28 Ian. 2009
Romania operates one of the most burdensome tax administration systems in the world, as companies are paying 113 taxes per year, the European Commission warned in a progress assessment report Wednesday.

Romanian President Pushes For 6-Mo Moratorium On Wages, Pensions – Unionists

19:10, 28 Ian. 2009
Romanian President Traian Basescu and social partners discussed a possible six-month moratorium on wages and pensions, alongside freezing salary bonuses, trade union officials said Wednesday.

Romania’s Rompetrol Hikes Gasoline, Diesel Oil Prices

18:45, 28 Ian. 2009
Romania’s second-largest oil company Rompetrol Group NV rose Wednesday its gasoline and diesel oil reference prices by 0.09 lei (EUR1=RON4.2340) per liter and RON0.05 per liter respectively, the company said in a statement.

Romanian Fin Min Proposes Freezing, Cutting Unjustified Bonuses – Employers’ Assoc Head

18:11, 28 Ian. 2009
Romanian Finance Minister Gheorghe Pogea proposed the freezing or cutting of bonuses in the public sector, as most of them are unjustified, Cezar Coraci, head of Employers’ Confederation of the Romanian Industry UGIR-1903, stated Wednesday, after the talks at the Finance Ministry.

Romanian Pres Says He Has Not Met IMF Experts At Fin Ministry

18:09, 28 Ian. 2009
Romanian President Traian Basescu said Wednesday that he did not meet the International Monetary Fund experts at the Finance Ministry headquarters during the day.

Talks Between Romanian Govt, Social Partners On ’09 Budget Reach Final Phase – PM

18:08, 28 Ian. 2009
Talks between the Romanian government and employers' association and trade union representatives regarding the 2009 budget have reached a final phase, so that the government will take Thursday a political decision on the budget construction, the prime minister Emil Boc said Wednesday.