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Romanian President Basescu Voted For Both Continuity, Change

09:15, 30 Nov. 2008
Romanian President Traian Basescu voted Sunday morning in Bucharest together with his wife and youngest daughter.

Romanian Democrat Liberal PM Challenger Stolojan Voted For His Party And Candidates

08:56, 30 Nov. 2008
Romania’s democrat liberal contender for the prime minister position Theodor Stolojan said Sunday he cast his vote for the candidates of the Democratic Liberal Party, and expressed regret that many people chose to leave Bucharest over the weekend.

Nearly 18 Million Romanians Expected To Elect New Lawmakers

08:32, 30 Nov. 2008
About 18 million Romanian voters are expected at the polls Sunday to elect 315 deputies and 137 senators, for the first time through direct vote instead of voting for an entire list of candidates selected by a political party.

Romanian Pres Attends National Day Celebration In C Romania

15:55, 29 Nov. 2008
Romanian President Traian Basescu was under siege Saturday at the events dedicated to the National Day, as tens of people wished to talk to him or shake his hand.

Swiss Rightists Oppose Romania’s Inclusion In Free Movement Agreement

14:43, 29 Nov. 2008
The leaders of the Swiss People’s Party, also known as the Democratic Union of the Center, decided Friday to reject the inclusion of Romanians and Bulgarians in the free movement agreement, claiming this would bring higher crime rates and unemployment while only benefitting “the poorest countries.”

Two Traffic Cops Caught Soliciting Bribe In E Romania

14:02, 29 Nov. 2008
Two Romanian traffic police officers, Marius Milea and Nicolae Rotaru, were detained Friday evening by anticorruption officers, as they solicited bribe from an undercover police officer.

Romanian Unemployment To Grow – Ctrl Bk Head

20:56, 28 Nov. 2008
Romanian unemployment will increase in the following period and Romania needs more flexible labor regulations, structural reforms and “the courage to create new jobs,” central bank’s governor Mugur Isarescu said Friday.

Unrest To Hit Romania’s Economy In ’09 – Ctrl Bker

20:54, 28 Nov. 2008
The unrest due to the uncertainties caused by the international financial markets is one of the main problems Romania's economy will face in 2009, the central bank’s governor Mugur Isarescu said Friday.

Romania May Need To Raise Taxes, To Boost Econ – Ctrl Bker

19:58, 28 Nov. 2008
Romania's future Government will have to increase taxes to finance the measures to stimulate the economy, considering the expenses already undertaken for 2009, a central bank’s governor advisor said Friday.

Ctrl Bk Head Sees Romania’s Econ Growth At 3%-6% In ‘09

19:41, 28 Nov. 2008
Romania's economic growth in 2009 is seen between 3% and 6%, and the economic situation will depend on the diagnosis accuracy and the policies mix, central bank’s governor Mugur Isarescu said Friday.

Romanian Bks Expect More Restrictive Lending Terms For Cos In 4Q

19:29, 28 Nov. 2008
Romanian companies should expect more restrictive lending terms and standards in the last quarter of the year, especially for long-term loans, continuing the trend from the third quarter of the year.

Romanian Leu Up Vs Euro, Unlike Emerging Mkts Trend

18:20, 28 Nov. 2008
The Romanian currency followed Friday an ascending trend against the euro, contrary to the regional trend on an alleged intervention of the central bank, which might have stepped into the forex market to sell euro, dealers said.

Three Romanian Parliament Candidates Get Communist Police Tag

17:00, 28 Nov. 2008
The Romanian National College for the Study of Securitate Archives CNSAS discovered, in the extraordinary meeting held Friday, two Securitate collaborators and one Securitate officer who are currently running for seats in Parliament.

Romanian President Estimates Elections Will Be Validated Around Dec 6

16:51, 28 Nov. 2008
Romanian President Traian Basescu said Friday he estimates the result of parliamentary elections due Nov 30 will be validated by the Central Electoral Office around Dec 6, and consultations with parties will begin immediately to determine parliament majority and form a new government.

Romanian Election Campaign Ends Saturday Morning At GMT 0500

16:44, 28 Nov. 2008
The election campaign in view of parliamentary elections on Sunday, Nov 30, in Romania ends Saturday morning at GMT 0500, and Romanians are expected to elect a new Parliament Sunday.

Romanian Integrity Center Plans To Introduce Integrity Tests In Healthcare Sys

16:11, 28 Nov. 2008
The manager of the Romanian National Integrity Center, Alexandru Cumpanasu, said Friday during a debate on measures to fight corruption, that he will propose to the future health minister the introduction of integrity tests in the healthcare system.

Romanian Defense Min To Organize National Day Ceremony

16:09, 28 Nov. 2008
The Romanian Ministry of Defense will organize ceremonies celebrating the National Day of Romania in Bucharest as well as Alba Iulia. The ceremonies will involve 2,000 soldiers from the ministries of defense and interior, the Romanian Intelligence Service and the Protection and Guard Service.

Romania’s Capital City Bucharest Makes Way Into Second Life On Nov 29

15:43, 28 Nov. 2008
Virtual Bucharest, the 3D replication of the real center of Romania’s capital city Bucharest, will open for public Saturday on the 3D virtual platform Second Life following an annual investment of EUR30,000, a press release read.

Two Police Officers Arrested After Corruption Sting Operation, Car Chase

14:04, 28 Nov. 2008
Two police officers from Bucharest Police Precinct 13 were detained Thursday night, when, driving a police cruiser, they were caught after a car chase in which they tried to ram the vehicles of anticorruption officers blocking their path.

EC Analyzes Romania’s Car Tax Plans, Promises Answer As Soon As Possible

14:03, 28 Nov. 2008
The European Commission confirmed it received the Romanian government’s letter regarding plans to lift its car tax and will provide an answer as soon as possible, Maria Assimakopoulou, spokesperson for European Commissioner for Taxation and Customs Union Laszlo Kovacs, told MEDIAFAX Friday.

Romanian ArcelorMittal Galati Mulls Voluntary Layoffs

13:51, 28 Nov. 2008
Romanian steel plant ArcelorMittal Galati is planning a new series of voluntary layoffs in the upcoming period, a senior manager within the company said Friday.

Romanian Mountain Rescuers Still Search For Two Tourists Missing Since Saturday

13:47, 28 Nov. 2008
Romanian mountain rescuers continue searches Friday, for the seventh day running, for two tourists reported missing Saturday on Bucegi mountain, central Romania, and said they received threats and were offended by friends of the tourists’ families.

Banks Refuse To Give Credits On Lack Of Long-Term Funds – Romanian Ctrl Bker

13:32, 28 Nov. 2008
Romanian banks have lots of requests, but they don’t want to grant loans, due to lack of long-term financing, although they argue the new household lending rules limit their activity, the central bank's Supervision Department director Nicolae Cinteza said Friday.

Ctrl Bk May Authorize New Bk With Romanian Cap

13:05, 28 Nov. 2008
The National Bank of Romania, or BNR, is currently analyzing the authorization of a new bank, with Romanian private capital, the central bank’s Supervision Department director Nicolae Cinteza said Friday.

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.