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Romania’s Flat Prices Seen Dn 30% By ’09 Spring – Web Survey

18:55, 20 Nov. 2008
Romanian apartment prices are seen down 30% by the spring of 2009, according to a survey on the real estate website imopedia.ro.

Romania’s Hidromecanica Employees Press For Salary Payment

18:50, 20 Nov. 2008
The employees of Romania’s engine and turbines manufacturer Hidromecanica Brasov staged a protest on Thursday to press for salary payment, saying will not resume work until they receive their paychecks.

Romania’s Fin Ministry, EIB To Sign Mon EUR1B Loan Agreement

16:21, 20 Nov. 2008
Romania’s Economy and Finance Ministry will sign on Monday a loan agreement with the European Investment Bank, or EIB, worth EUR1 billion, to finance transports, environment and economic competitiveness projects, sources close to the matter told MEDIAFAX on Thursday.

Romania New Car Sales Dn 26.8% On Yr In October

15:29, 20 Nov. 2008
New car sales in Romania declined 26.8% in October compared to October 2007, to 24,438 vehicles, while in the first ten months of the year, the decline was of 2.3% on the year, to 292,239 vehicles, the Romanian Automotive Manufacturers and Importers Association, or APIA, said Thursday.

Romanian Mine Blast Victims’ Kin To Receive Financial Aid

15:06, 20 Nov. 2008
The families of the 12 miners and rescuers who perished in the blasts occurring Saturday in Romanian mine Petrila, as well as the families of other victims of the same incident will receive financial aid ranging between 5,000 and 10,000 lei (EUR1 = RON3.8258).

Romanian Car-Maker Dacia Prefers A Standing Law To Encourage New Cars Purchase – Manager

15:05, 20 Nov. 2008
Romanian Government’s measure to suspend pollution tax for new cars until the end of next year is advantageous for Romanian carmaker Dacia, but the country needs a standing law stimulating the purchase of new cars, the company’s general manager Francois Fourmont told MEDIAFAX Thursday.

Romania Telecom Regulator Eyes Cutting Interconnection Fees In 2009-2010

14:45, 20 Nov. 2008
Romania’s communications authority (ANC) eyes cutting interconnection fees for three mobile telephony operators, as of 2009, and estimates a 25-30% decrease in clients’ phone bills over the next three years, the regulator’s head Liviu Nistoran said Thursday.

“Romanol” Art Showcased In Madrid

14:12, 20 Nov. 2008
A series of contemporary art expos, signed by Romanian artists living in Spain, will be launched Thursday in Madrid, at Espacio Niram, which organizes the events in collaboration with RoMadrid Cultural Club, the organizers announced.

Spain Rejects Proposal To Lift Labor Restrictions For Romanian Workers – Paper

13:34, 20 Nov. 2008
The labor and immigration committee of Spain’s lower house of Parliament rejected a proposition to lift labor market restrictions imposed on Romanian and Bulgarian workers, Spanish daily Eco Diario wrote Thursday.

Two Construction Cos In C Romania To Scrap Nearly 1,000 Jobs Citing Intl Crisis

13:02, 20 Nov. 2008
Romanian construction company Concefa and construction material trader Ambient, based in Sibiu, central Romania, notified the local labor inspectorate and employment agency they will start laying off nearly 1,000 people starting November, citing the international crisis and lack of activity.

Romania’s Nuclearelectrica, Investors In Nukes 3, 4 Proj Ink Deal

11:27, 20 Nov. 2008
Romania’s nuclear energy company Nuclearelectrica signed Thursday the deal with the six selected foreign investors to set up a joint venture that will build nuclear reactors 3 and 4 at the country’s sole nuclear power station Cernavoda.

Romanian Car Mkr Dacia Halts Production Btw Nov 20- Dec 7

11:16, 20 Nov. 2008
Romanian car maker Dacia halted production Thursday until December 7 at its plant in Mioveni, southern Romania, after it previously halted operations on November 13 and 14 and on October 30 and 31, citing lower demand on the local and export markets.

Romania’s Govt Puts Oltchim Sale In Stand-By

20:10, 19 Nov. 2008
The privatization of Romanian chemical plant Oltchim (OLT.RO) is currently in stand-by, and the sale will be resumed when the market ensures favorable conditions to keep the plant’s employees, in the meantime the company being supported by state aids approved by the European Commission.

Romanian Govt OKs Suspending Pollution Tax Until Dec 31 ‘09

18:19, 19 Nov. 2008
Romania's Government approved the suspension of the pollution tax for new Euro 4 cars with less than 2,000 cmc engines, until December 31, 2009.

Romanian Govt To Change Fiscal Code, To Include Facilities Of Econ Plan

18:08, 19 Nov. 2008
The fiscal facilities from the Romanian Government's economic support plan will be introduced by modifying the Fiscal Code and the Fiscal Procedure Code, Romania’s Prime Minister Calin Popescu Tariceanu said Wednesday.

Romanian RCS&RDS Mulls Entering Hungary’s Mobile Telephony Mkt

18:06, 19 Nov. 2008
Romania’s cable and internet supplier RCS&RDS aims to expand its mobile telephony services on Hungary's market, by taking part in a license granting bid held by the Hungarian state, the company’s president Alexandru Oprea said Wednesday.

Six Mine Blast Victims Released From Hospital In W Romania

17:11, 19 Nov. 2008
The six miners hospitalized in the emergency hospital of western Romanian mining town Petrosani, after the blasts that occurred Saturday in the Petrila mine, were released Wednesday afternoon, as they were recovering well.

Romanian Pres Says Damen Shipyard, Steel Plant Arcelormittal Not In The Same Boat

16:49, 19 Nov. 2008
Romanian President Traian Basescu visited Wednesday the Damen shipyard and steel plant ArcelorMittal in Galati town, eastern Romania, and stressed, at the end of his visit, that the situation at the shipyard is different from that at the steel plant.

Romanian Court Rejects Preventive Arrest Of Pwr Plant Turceni GM

16:02, 19 Nov. 2008
The general manager of Romanian state-run thermal power producer Turceni, Dumitru Cristea, who was detained Tuesday for 24 hours for abuse of office, will be released after the Courthouse in Gorj, southern Romania, rejected Wednesday afternoon the prosecutors’ preventive arrest proposal.

Kraft Foods Appreciates Land Offer, Romanian Plant Still To Close

15:54, 19 Nov. 2008
International giant Kraft Foods on Wednesday said the decision to shut down its chocolate factory in Romania still stands, despite an “appreciated gesture” of local officials to offer the company more land to expand operations.

Bucharest Ring Road Expanded To Four Lanes By End-2010- Romania Transp Min

14:43, 19 Nov. 2008
Expansion works on the Bucharest ring road to four lanes will be completed late 2010 and construction contracts on the last three ring road sections will be signed next week, Romania’s transport minister Ludovic Orban said Wednesday.

Romania’s Postal Co To Dismiss 500 Employees, Transfer Other 1,500 To Partner Cos

14:20, 19 Nov. 2008
Romania’s state-owned postal services company Posta Romana will lay off 500 employees and will transfer in 2009 other 1,500 in charge with cleaning and transport of assets to other companies to which it outsourced these services, the operating manager of the company, Mihai Buciu, said Wednesday.

Four Fire Victims In NE Romania Remain In Critical Condition

12:03, 19 Nov. 2008
The four children taken to “St Marie” Hospital in Iasi, northeastern Romania, victims of the blaze that occurred Tuesday evening in a commune in Neamt county, are in critical condition, and doctors are reserved regarding their chances of recovery.

Romanian Telecom Unaffected By Intl Fin Crisis, To Grow By Up To 10% In ‘09– Comm Authority Head

11:20, 19 Nov. 2008
The international financial crisis will not affect the Romanian telecom and related services market, that will register a growth rate of up to 10% in 2009, compared with over 10% this year, Liviu Nistoran, head of National Communication Authority, staid Wednesday.

Blaze Injures Eight Kids In NE Romania

20:13, 18 Nov. 2008
Eight children were injured in a blaze that started in Romanian Neamt county commune Girov, in a home. The children were taken to the Piatra Neamt Emergency county hospital.

Romania’s Petrom To Cut Gasoline Pump Prices By RON0.03/Liter

18:51, 18 Nov. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will cut Wednesday its gasoline pump prices by 0.03 lei (EUR1=RON3.8391) per liter, keeping the same prices for its diesel oil, the company said in a statement.

Romanians To Enjoy Nat Geo Music And Nat Geo Adventure As Of 2009

17:25, 18 Nov. 2008
National Geographic Channel Romania will launch TV channels Nat Geo Music and Nat Geo Adventure on the Romanian market in 2009, Anca Ivanciu, PR&Marketing manager at the National Geographic Channel, said Tuesday.

Ctrl Bker: Effects Of New Lending Rules To Be Analyzed Three Mos After Adoption

17:22, 18 Nov. 2008
The National Bank of Romania told the commercial banks that the effects of the new household lending regulations will be analyzed three months after their adoption, Adrian Vasilescu, adviser of the central bank's governor, said Tuesday.

Romanian Businessman Acquitted Of Using False Documents

17:18, 18 Nov. 2008
A Bucharest court on Tuesday acquitted Romanian businessman Sorin Ovidiu Vantu of using false documents to set up a bank.

Rescuers Go In For Last Four Bodies Of Miners Killed In Blast, W Romania

16:08, 18 Nov. 2008
Four teams of rescuers descended Tuesday afternoon in the Petrila mine, central Romania, to try to bring out four remaining bodies of people who died in two blasts Saturday.

Romania Auto Registry Says Blame For Used Cars Overload Misplaced

16:06, 18 Nov. 2008
Romanian cars are thoroughly tested for technical requirements, and the Romanian Automobile Registry (RAR) even proposed checkups of cars over 7 years old be operated annually, but the authorities had no reaction to the proposition, RAR said Tuesday.

Romanian Social Democrats Drafted Governing Plan In View Of Nov 30 Gen Elections

15:47, 18 Nov. 2008
Romanian social democrats completed their governing program in view of general elections on November 30, party leader Mircea Geoana said Tuesday, adding the plan envisages 4.5% economic growth in 2009.

Romania Automotive Registry Eliminates Authenticity Certificate In Some Cases

15:43, 18 Nov. 2008
The Romanian Automotive Registry, or RAR, decided Tuesday to eliminate, in some cases, the certificate of authenticity requirement for vehicle registration.

Romanian Govt, Administration Should Buy Romanian Cars– Leftist Opp Head

15:15, 18 Nov. 2008
Romanian social democrat leader Mircea Geoana said Tuesday the temporary cancellation of the registration tax for cars is a “commonsensical” solution in the short run, and added that, in order to encourage Romanian industry, authorities should only purchase Romanian cars.

Bush Administration Backed Romania For Visa Waiver Program But Rejection Rate Is Too High – Official

14:25, 18 Nov. 2008
Romania was backed by the Bush administration for the Visa Waiver Program, but efforts are impaired by the fact that the visa rejection rate of over 10%, Amy Kudwa, spokeswoman for the United States Department of Homeland Security, told MEDIAFAX Tuesday.

Ctrl Bker: Some Romanian Bks Pay 10% For Deposits, But Ask 35% For Loans

13:59, 18 Nov. 2008
The Romanian national authority for consumers’ protection, or ANPC, should take notice on banks that pay interest rates of about 10% of the deposits, but increased the loan interest rates to near 35%, Adrian Vasilescu, adviser of the central bank's governor, said Tuesday.

Romania Could Target Becoming Seventh Power In EU – PM

13:58, 18 Nov. 2008
Romanian Prime Minister Calin Tariceanu said Tuesday in western Romanian city Timisoara that Romania could aim to become the seventh power in the European Union if it makes use of its natural potential.

FOCUS: Auto Importers in Romania, Carmaker Dacia Cut Costs, On Lower Demand

13:52, 18 Nov. 2008
Massive used car imports and harsher lending conditions, in the fallout of the global financial crisis, prompted Romanian auto importers to cut costs, scale down their car fleet, curb the expansion process and hire people only in exceptional cases, while local car maker Dacia even halted production.

Romanian Bks Want Softer Lending Rules To Unblock Mortgage Loans

12:45, 18 Nov. 2008
Romanian lenders will request the National Bank of Romania to amend the regulation regarding household lending, as the new rules have blocked mortgage lending, the president of Romanian Banks’ Association, Radu Gratian Ghetea, said Tuesday.

Romania’s Waste Collector Protan Temporarily Resumes Activity In All Units

12:19, 18 Nov. 2008
Romania’s non-hazardous waste collector Protan Tuesday announced it resumes the activity to collect and neutralize animal waste in all its eight units countrywide, following negotiations with the Agriculture Ministry.