English

Romanian Govt Lowers No Of Layoffs At Forestry Auth, Extends Restructuring Process

12:58, 28 Nov. 2008
The number of employees to be laid off by Romania’s forestry authority following property retrocession will be lowered to 4,240 people from the initial estimate of 7,048, and the authority’s restructuring process will be extended two years, until end 2010, according to a draft government decision.

Textile Factory In Poor Romanian Town To Lay Off Nearly 100 People

11:33, 28 Nov. 2008
A textile factory in Zlatna, Alba county, central Romania, will lay off nearly 100 employees as of Dec 19, citing lack of demand.

Romania Azomures Sends 2,000 Staff On Temp Unemployment During Prod Halt

11:20, 28 Nov. 2008
Romania’s chemical fertilizers maker Azomures (AZO.RO) on Friday said will shut down production until mid January on lack of orders and stock pileups, with some 2,000 workers to go on temporary unemployment as of December 1.

Romanian Govt Drafted Decree Lifting Tax On New Cars As Of Dec 15 Pending EC Reply

11:14, 28 Nov. 2008
Romanian Prime Minister Calin Tariceanu confirmed Friday that the government plans to put off by two weeks, until Dec 15, the date when the car tax exemption on new cars becomes effective, adding the date could be moved up if the European Commission sends a reply by mid-December.

Romanian President Calls For High Turnout At Parliamentary Elections

20:55, 27 Nov. 2008
Romanian President Traian Basescu on Thursday urged the citizens to cast their vote at the parliamentary polls due November 30 so that the future lawmakers will represent their will and be able to take steps to counter the economic crisis.

Romanian Pres See Econ Growth To 3-4.5% In ’09

20:45, 27 Nov. 2008
Romania’s economic growth will reach 3-4.5% in 2009 and the country will “look much better” compared to other states affected by the economic downturn, President Traian Basescu said Thursday.

Romanian Transilvania Constructii Mulls Taking EUR16M Loan, Sacking 180 Employees

19:45, 27 Nov. 2008
Romanian construction company Transilvania Constructii (COTR.RO) plans to take some loans of maximum EUR16 million and to sack almost 180 employees in the first two months of 2009, the company announced Thursday.

Romanian Bk Assoc Head: Banks Want Rate Subsidies For SME Lending

18:51, 27 Nov. 2008
The bankers have proposed the Economy and Finance Ministry to subsidize the interest rates paid for loans taken by the small and medium-size companies, which might be strongly affected by the economic crisis, Romanian Banks’ Association president Radu Ghetea said Thursday.

Inmates Prepare Riots In 12 Romanian Penitentiaries – Official

17:09, 27 Nov. 2008
Prisoners in 12 Romanian penitentiaries are reportedly preparing a riot to press for possible collective pardons, general manager of National Penitentiaries Administration (ANP), Ioan Bala said Thursday.

Romanian Telecom Ops To Work With Authorities, Supply Communications Data

16:13, 27 Nov. 2008
Romanian electronic communications companies are obligated to store, over six months, certain data regarding telephone calls, written messages or e-mails, which could be accessed by the Ministry of Interior, prosecutors, and intelligence structures, on request.

Romania’s CEC Needs Another RON900M Funds

16:09, 27 Nov. 2008
Romanian state-owned lender CEC Bank needs another financing of 900 million lei (EUR1=RON3.8580), additionally to the similar amount already approved by the Government, CEC’s president Radu Gratian Ghetea said Thursday.

Romanian Economic Sentiment Falls To 91.4 Points In Nov

15:37, 27 Nov. 2008
Romania’s economic sentiment fell 12.3 points to 91.4 in November, putting the country third in the EU-27 bloc, a monthly survey of the European Commission showed Thursday.

Romanian Azomures Lays Off 1,000 Employees

15:37, 27 Nov. 2008
Approximately 1,000 employees of Romania’s chemical fertilizers maker Azomures (AZO.RO), or half of the employees, will be put on technical unemployment as of Monday, management sources said Thursday.

Romanian Transporters Request 3 Mo Road Toll Exemption

15:12, 27 Nov. 2008
The Romanian Federation of Transporters (FORT) asked the Prime Minister to allow freight transporters not to pay the road toll, between December 1, 2008 and March 1, 2009, as 50% of transporters are on the brink of bankruptcy because of the economic crisis.

Romanian Developers Sell Unfinished Apartments To Lift Sales

14:27, 27 Nov. 2008
Real estate developers began to sell new apartments without finishings in order to cut prices, and also offer free kitchen equipment and other discounts to boost the sales, according to real estate consulting agency EuroMetropola.

British Motörhead To Rock Bucharest At B’estfest 2009

14:23, 27 Nov. 2008
British heavy-metal band Motörhead will perform at the B'estfest festival organized in July 2009 in Romania’s capital city Bucharest, event organizers, Emagi!c Entertainment, said Thursday.

Romanians In Mumbai Are Few, At Safe Distance From Attacks – Foreign Ministry

13:23, 27 Nov. 2008
There are very few Romanians in Mumbai, India, and they are at a safe distance from the scene of terrorist attacks, Cosmin Boiangiu, spokesman for the Romanmain Foreign Affairs Ministry, told MEDIAFAX Thursday.

ING Bank Launched Pilot Program For Mobile Payment Service In Romania

12:50, 27 Nov. 2008
ING Bank and MasterCard launched a mobile phone payment service, ING Mobile Payments, in Romania, Albert Roggemans, executive manager of ING Retail Romania, said Wednesday.

Romanian Miners Resume Activity In Petrila, 2 Weeks After Mine Blasts Killed 13 People

11:39, 27 Nov. 2008
Miners in Petrila, western Romania, resumed normal underground work schedule Thursday morning, two weeks after powerful blasts killed 13 people and injured other 14.

Romanian Forestry Auth To Cut Down Over 100,000 Christmas Tress This Year

11:09, 27 Nov. 2008
Romania’s national forestry authority Romsilva will cut down and sell 104,400 Christmas tress this year, the authority said Thursday.

Romania’s Pwr Plant Turceni Ex-GM Arrested For Abuse Of Office

20:48, 26 Nov. 2008
Former general manager of Romanian state-run thermal power producer Turceni, Dumitru Cristea, was preventively arrested on Wednesday evening for 29 days, for abuse of office, according to a mandate issued by the courthouse in the country’s southern town of Targu Jiu.

Romania’s Forestry Fund Plots May Be Used In Resource Exploitations

19:23, 26 Nov. 2008
Plots of Romania’s national forestry fund may be used for the exploitation of crude oil and natural gas resources and the construction of communication and potable water networks, according to an emergency ordinance approved Tuesday by the Government.

Romania’s Rompetrol To Cut Diesel Oil Pump Prices By RON0.05 Per Liter

19:06, 26 Nov. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Thursday its diesel oil pump prices by 0.05 lei (EUR1=RON 3.8131) per liter, the company said in a statement.

Dacia Sandero Achieves 3 Stars In Euro NCAP Crash Tests

19:02, 26 Nov. 2008
Renault’s Romanian make Dacia Sandero was awarded three stars out of five for adult occupant protection at the latest Euro NCAP safety tests, the European organization said Wednesday.

Nearly 130,000 Romanians To Lose Jobs In Spain By End ’08 – Report

18:06, 26 Nov. 2008
Specialists estimate 3 million people will lose their jobs in Spain by the end of the year, of whom 130,000 are Romanians, according to a report on Romanian migration Spanish Agency for Governmental Strategies released Wednesday.

Romanian Insurance Regulator Bans Activities Of Unita Vienna Insurance Group

17:09, 26 Nov. 2008
Romania’s Insurance Surveillance Commission Tuesday decided to temporarily ban the insurance and /or reinsurance activities of Unita Vienna Insurance Group, as the new shareholders of the institution, two companies of the Uniqa Group, did not ask for the approval of the institution.

Court Suspends Penalties Against Romanian Waste Collector Protan

16:19, 26 Nov. 2008
A Bucharest court on Wednesday decided to suspend the penalties against non-hazardous waste collector Protan SA (PRON.RO) levied by environment authorities, pending a final and binding ruling in the case.

Former Foreign Intelligence Colonel Claims Material Damages From Romanian President Basescu

15:48, 26 Nov. 2008
Former foreign intelligence colonel Ionel Dragomir demands material damages of 100,000 lei (EUR1=RON3.8131) within a trial in which he requires President Traian Basescu to state whether he, Dragomir, is the “colonel Dumitrescu” to whom the president referred in statements on crisis of the three Romanians kidnapped in Iraq in 2005.

Romanian Fashion Designers Auction Off Christmas Trees For Charity

15:14, 26 Nov. 2008
Famous Romanian fashion designers, such as Irina Marinescu, Kinga Varga and Carla Szabo, will auction off 18 fir-trees within the 2008 Charity Gala of the eighth edition of the Christmas Tree Festival to be held on December 8.

Romania’s Transport Min Selects Winners Of RON2.3B Infrastructure Bids

15:06, 26 Nov. 2008
Romania’s Transport Ministry announced Wednesday the winners of the bids organized to assign several infrastructure contracts totaling around 2.3 billion lei (EUR1=RON3.8131), VAT excluded.

Romanian Govt Granted Bucharest Mayoralty Ron35m To Pay Heat Subsidies – Mayor

14:37, 26 Nov. 2008
Bucharest general mayor Sorin Oprescu said Wednesday morning that he received a notice from the government saying it gave the mayoralty 35 million lei (EUR1=RON3.8131) to cover heating subsidies.

Bucharest Family Doctors Advise Parents To Go In For Uterine Cancer Vaccine For Girls

14:22, 26 Nov. 2008
Family doctors in Bucharest and Ilfov, southern Romania, recommend parents to allow the vaccination of their daughters against uterine cancer, as in Europe and the United States of America 15 million women have been vaccinated and no side effects were reported.

Romanian Ctrl Bk To Assess Effects Of New Household Lending Rules In Jan

13:24, 26 Nov. 2008
The National Bank of Romania will analyze in January the effects of the new household lending rules and might decide to readapt them to the new market conditions, central bank deputy governor Florin Georgescu said Wednesday.

IMF Cuts Romania’s ’09 Econ Growth Forecast To 3.5%, From 4.8%

13:21, 26 Nov. 2008
The International Monetary Fund forecasts Romania’s economy will grow by 3.5% in 2009, below the 4.8% growth rate seen in October, as the global turmoil affected local banks’ ability to get funds from abroad, which limits investments and consumption, and also due to a severe slowdown in exports.

Hungarians In Romania To Gain Cultural, Territorial Autonomy Over Next 4 Yrs – Official

11:45, 26 Nov. 2008
Hungarian senator Gyorgy Frunda said in a speech late Tuesday, during the electoral campaign in view of the general elections on November 30, that the Hungarian minority party (UDMR) would gain cultural and territorial autonomy over the next four years.

Romania’s AVAS To Sell 70% Stake In Petromin

10:25, 26 Nov. 2008
Romania's Privatization Authority AVAS will put up for sale the majority stake in Romanian maritime transport company CNM Petromin Constanta, at a starting price of 39.35 million lei (EUR1=RON3.7933).

Romanian PM Accused Of Lying, Using Education Money As Electoral Bribe

20:41, 25 Nov. 2008
Romania’s Education Federation, or FEN, on Tuesday accused Premier Calin Popescu Tariceanu of lying about insufficient funds to grant salary hikes in education, as the government used at its budget revision a financial surplus from education as “electoral bribe” to fund other sectors.

Romanian Ctrl Bk May Cut Interest Rates When Bks Solve Confidence Issues-PM

19:55, 25 Nov. 2008
The National Bank of Romania, or BNR, might cut the key monetary policy rate the confidence issues between banks are solved, Romanian Prime Minister, Calin Popescu Tariceanu said Tuesday, adding that this decision belongs exclusively to the central bank.

EC Says Needs More Data On SAPARD Program In Romania

19:53, 25 Nov. 2008
The European Commission requested additional data on Romania’s course of actions regarding the EU-funded SAPARD program before making a decision on whether to resume payments to Romanian farmers, EC spokesman for agriculture, Michael Mann said Tuesday.

Nokia Romania Plant Halts Ops Dec 22-Jan 5

19:24, 25 Nov. 2008
Nokia Romania decided to temporary stop production at its Romanian plant between December 22, 2008 and January 5, 2009, for employers to rest "and get ready for the challenges in 2009", the company stated Tuesday in a press statement.