English

Romania’s Petrom May Cut 4,000 Jobs Besides Annual Layoffs – Sources

16:58, 09 Ian. 2009
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria's OMV oil group, might cut approximately 4,000 jobs due to the financial crisis, besides the annual layoffs already stipulated in the restructuring program, sources close to the matter told MEDIAFAX on Friday.

Travel Channel To Showcase Romanian Vineyards

16:54, 09 Ian. 2009
Travel Channel will broadcast, starting with January 26, the new series of the show "Wine Country," presenting the vineyards in Romania, together with the vineyard traditions in Hungary and Bulgaria, television officials told MEDIAFAX.

Romania To Have ‘Corner’ At Marche Du Film Court

16:51, 09 Ian. 2009
Cultural association Esten'est will organize, with the support of the Romanian National Center of Cinematography, the Romanian stall "Romanian Short Film Corner" within the film market of the prestigious international film festival at Clermont-Ferrand (France), which will take place between January 30 and February 7.

Romanian Officer Injured In Afghanistan

15:12, 09 Ian. 2009
A Romanian officer was injured Friday morning in Afghanistan, in the explosion of an improvised device, some 50 kilometers southwest of Lagman Base, the Romanian Ministry of Defense said.

Romanian Dacia Employees Resume Work Monday, Set Protest For Tuesday

14:38, 09 Ian. 2009
Employees of Romanian carmaker Dacia, the local unit of France’s Renault, which resumes activity Monday after it halted production for one month, will organize a protest Tuesday, union leaders said.

IMF Mission Visits Romania End January

13:47, 09 Ian. 2009
A mission of the International Monetary Fund will visit Romania end-January to evaluate the economic situation and discuss the new government’s policies, IMF representative in Romania Juan Fernandez-Ansola told MEDIAFAX Friday.

Romanian Leu Indicative Rate Hits All-Time Low Vs Euro, At RON4.2127

13:18, 09 Ian. 2009
The Romanian leu continued its downward trend versus the European currency on Friday and the central bank computed an indicative of RON4.2127 to the euro, the currency's all-time low since euro introduction in 1999.

Russian Gas Imports Still Cut, Romania’s Gas Transport System Safe – Transgaz Official

12:34, 09 Ian. 2009
Russian gas supplies to Romania through Ukraine are still ceased and the national gas transmission system is safe, Marius Stroia, a manager in Romania’s state-owned gas pipeline operator Transgaz (TGN.RO), told MEDIAFAX on Friday.

Romanian Govt Argues Decree Banning Cumulated Public Sector Pension, Wage Is Constitutional

12:31, 09 Ian. 2009
The decree suspending pension payments for pensioners working in the public sector complies with a Constitutional Court decision that states lawmakers can outlaw the cumulation of both pension and salary if the measure is applied indiscriminately, the Romanian government said.

Romanian, Bulgarian Workers Remain Europe’s Personae Non Grata – Paper

11:30, 09 Ian. 2009
Romanians and Bulgarians are still not seen as full-fledged citizens of the European Union, as many member states continue to keep them away from their labor markets, mainly due to the economic turmoil that seriously affected their economies, German daily Der Speigel wrote on its website.

Romanian Leu Hits All Time Low Vs Euro In Early Trade Friday

11:02, 09 Ian. 2009
The Romanian leu opened lower against the euro on Friday and reached an all time low on the forex market at RON4.2050 to the euro, dealers said.

Romania’s Petrom To Deliver In Jan Up To 75,000 Tons Of Fuel Oil To Pwr Plants

10:37, 09 Ian. 2009
Romania’s dominant oil company Petrom (SNP.RO) may deliver around 70,000 to 75,000 tons of fuel oil to thermal power plants by the end of January and a similar quantity in February, the company announced Friday.

Romania’s 11-Mo Trade Def Up 7.17% On Yr To EUR 20.9B

10:11, 09 Ian. 2009
Romania’s January-November trade deficit rose 7.17% on the year to EUR20.9 billion, from EUR19.5 billion in the same period a year earlier, but exports grew at a higher pace than imports during the first ten months, the National Statistics Institute reported Friday.

Four Romanian Families Evacuated From Gaza

10:02, 09 Ian. 2009
Four families of Romanians, namely, 12 children and 8 adults, among whom three Palestinians, were evacuated from Gaza Strip via the Erez border crossing.

Romanian Leu Could Lose Another 5% Vs Euro, After Dropping 11% In 2008 – Erste

19:31, 08 Ian. 2009
The Romanian leu could lose another 5% versus the euro, given the “huge” current account deficit, after dropping by 11% against the European currency since the beginning of 2008, Erste Group researchers said in a report.

Romanian New Car Registrations Drop By 8.6% In ‘08, Used Cars Thrive

19:21, 08 Ian. 2009
New car registrations dropped by 8.6% in Romania last year, to 285,504 units, while used car registrations grew by 151.4%, to a record level of 310,885 cars.

Romanian Leu Touches Historic Low Vs Euro

18:33, 08 Ian. 2009
The Romanian leu depreciated strongly on Thursday, in a volatile trading session, and touched its all-time low at RON4.18 versus the euro at the end of the session.

Romanian Prosecutor Bogdan Licu Elected VP Of High Council Of Magistrates

17:34, 08 Ian. 2009
Romanian prosecutor Bogdan Licu, 39, on Thursday was unanimously elected vice-president of the High Council of Magistrates, replacing Gratiana Isac.

Romanian SME Min Plans To Up Funding For SMEs, Restructure Ministry

16:52, 08 Ian. 2009
Romania’s new minister for SMEs, Commerce and the Business Environment, Constantin Nita, plans to increase funds from the state budget assigned to back small and medium-sized companies and wants to restructure the ministry, Nita told MEDIAFAX in an interview Thursday.

Romanian Pres Accounts For Decree Banning Cumulated Pensions And Wages In Public Sector

15:32, 08 Ian. 2009
Romanian President Traian Basescu said Thursday that the “famous decree” banning pensioners hired in the public sector from receiving both pensions and salaries, observes the Constitution, adding it only targets to wipe out "any misuse of state funds."

Court Ruling Hiking Magistrates’ Wages Is Abusive – Romanian President

15:30, 08 Ian. 2009
Romanian President Traian Basescu deemed abusive the way magistrates’ wages have been increased by court decision, as this is a severe violation of the power separation principle.

Bucharest Fuel Stocks Enough For 60 Days, Bills Unch – Mayor

15:18, 08 Ian. 2009
Romania’s capital city, Bucharest, will not face fuel-related problems as it has fuel oil stocks enough for up to 60 days, and household bills will not be increased, Bucharest mayor Sorin Oprescu said Thursday.

Romanian Ctrl Bk To Support Govt Measures Of Econ Growth – Ctrl Bk Gov

14:55, 08 Ian. 2009
The National Bank of Romania will support the government's measures to sustain a minimum economic growth in 2009, the central bank governor Mugur Isarescu said Thursday.

Romanian Allegedly Involved In Murder Of Chad’s President Turned In To France

14:01, 08 Ian. 2009
Romanian Marin Cioroianu, a former legionnaire in the Foreign Legion, accused of involvement in the killing of the elder son of the President of the Republic of Chad, was turned in to French authorities late Wednesday on the Henri Coanda international airport near Bucharest.

Romanian Govt Should Assume Responsibility For Criminal, Civil Codes – President

13:37, 08 Ian. 2009
Romanian President Traian Basescu said Thursday at the presentation of the 2008 activity report of the High Council of Magistrates that the government needs to assume responsibility for the Criminal Code, the Civil Code and their respective procedure codes.

Romanian Leu Exch Rate Touches 5-Yr Low Vs Euro, At RON4.1385

13:36, 08 Ian. 2009
The Romanian leu strongly depreciated Thursday against the euro, and the central bank computed an indicative of RON4.1385 to the euro, the leu's weakest value in five years.

Romania’s Gas Consumption Totally Covered This Winter – Econ Min

13:27, 08 Ian. 2009
Romania’s gas consumption nationwide is totally covered by the local production and gas deposits, while thermal power plants using alternative fuel, due to the halt in Russian natural gas imports, are functioning normally, the Economy Ministry said Thursday.

Romania’s High Council Of Magistrates Worked Intensely In ’08 To Reform Judiciary

13:26, 08 Ian. 2009
The head of Romania’s High Council of the Magistrates, Lidia Barbulescu, said Thursday the council worked intensely throughout 2008 to reform the judiciary, to increase transparency and to be closer to citizens.

Ales Jindra To Coach Romanian Football Champion CFR Cluj

12:41, 08 Ian. 2009
Czech coach Ales Jindra is the new main coach of Romania’s football champion CFR Cluj, while Dusan Uhrin, recently fired from Poli Timisoara, will be the team’s new sports adviser, the team’s official website read.

Romania’s Tarom To Take Lawmakers To Internal Destinations For RON2.3M

12:28, 08 Ian. 2009
Romania’s national airline Tarom will ensure lawmakers’ transport to internal destinations according to a contract worth 2.33 million lei (EUR1=RON4.0720).

Romanian Retailers Drop Free Plastic Bags, Sell Biodegradable, Reusable Ones

11:40, 08 Ian. 2009
Romanian fast moving consumer goods retailers no longer offer free plastic bags to shoppers following the introduction on Jan 1 of an eco tax of 0.2 lei (EUR1=RON4.0720) for these bags.

I Hope Econ Crisis Won’t Affect Justice – Romanian President

11:00, 08 Ian. 2009
Romanian President Traian Basescu said Thursday he hopes the justice system won’t have to suffer from the economic crisis, adding judges will have to find solutions to the moral crisis, if such a crisis exists.

Romanian Pres, PM Discuss Gas Crisis

20:54, 07 Ian. 2009
Romania can overcome the gas crisis is the outer temperature does not drop below minus 15 degrees Celsius or if there are no malfunctions in the system, said Romanian prime minister Emil Boc, confirming that he has talked with president Traian Basescu regarding the cease of gas imports.

E.ON Gaz Romania Asks Ind Consumers To Rationalize Gas Use

18:58, 07 Ian. 2009
Gas supplier E.ON Gaz Romania asked the industrial consumers to rationalize their gas consumption and use other fuels, if possible, warning them that a larger period in Russian gas imports cease and lower temperatures might create fuel supply problems.

Romania’s ELCEN To Buy 200,000 Tons Of Fuel Oil From Petrom For $60M

18:27, 07 Ian. 2009
Romanian power producer Electrocentrale Bucuresti ELCEN, part of state-owned power distributor Termoelectrica, wants to buy 200,000 tons of fuel oil from the country’s largest oil company Petrom (SNP.RO), for which it can pay around $60 million, sources within ELCEN said Wednesday.

Romanian Govt Withdraws The 4 Legal Codes From Parliament To Improve Them

17:05, 07 Ian. 2009
Romania’s Government withdrew from Parliament the Civil and the Criminal Code, as well as the Codes of Civil Procedure and of Criminal Procedure, minister-delegate for the Relationship with Parliament Victor Ponta told MEDIAFAX Wednesday.

Romanian Labor Min, Unions, Employers Discuss Social Agreement

15:36, 07 Ian. 2009
Romanian labor minister Marian Sarbu said Wednesday, before talks with unions and employers, that the representatives of the Executive wish to conclude a four-year social agreement with the social partners, as such an agreement is necessary for Romania.

Romanian Nationals In UK Urge British PM To Lift Restrictions On Labor Mkt

14:57, 07 Ian. 2009
An association of Romanian nationals in the United Kingdom addressed a petition to British Prime Minister Gordon Brown, urging him to lift labor restrictions for Romanian workers, according to information on the official website of the British Prime Minister's Office.

Romanian Carmaker Dacia Sees Record Low Sales 16.7% Dn On Yr, 54.9% Dn In Dec

14:14, 07 Ian. 2009
Sales of Romanian carmaker Dacia dropped on the local market in December 54.9% on the year to 3,622 units, while the deliveries on the entire year 2008 were down 16.7% to 84,719 units.

Romanian Leu Dn Vs Euro, Exch Rate At RON4.0720

14:11, 07 Ian. 2009
The Romanian leu depreciated Wednesday against the euro, trading at around RON4.08 to the euro in mid trade, and the central bank computed an indicative of RON4.0720, a fresh low in four years and two months.