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Romanian Airplane Mker Avioane Craiova Switches To 9-Mos Loss Of RON12M

19:47, 30 Oct. 2008
Romania’s airplane maker Avioane Craiova (AVIO.RO) reported losses of 12.17 million lei (EUR1=RON3.6262) in the first nine months of 2008, compared with a net income of RON3.85 million during the same period a year before, the company said Thursday.

Romanian Pres: S&P Downgrade Decision Not Plausible As Public Debt Is Low

19:43, 30 Oct. 2008
Romanian president Traian Basescu said Thursday that the downgrade in Romania’s rating made by Standard & Poor’s on Monday is not plausible as Romania’s public debt is “extremely low”.

Romania President Calls On Unionists To Delay Protests Until After Elections

18:40, 30 Oct. 2008
Romanian President Traian Basescu on Friday asked trade unions to drop their planned protests for November, as these might jeopardize the electoral process, mentioning he will be open to discussions on wage increases based on reform implementation after the elections.

Romanian Union Leaders Invited For Talks With Govt Dialogue Group

16:56, 30 Oct. 2008
Romanian Prime Minister Calin Tariceanu decided to form a dialogue group including the labor, economy, education, health and interior ministers, to carry out talks with union representatives regarding salaries.

Romanian Auto Registry Found 100 Stolen Used Cars Since The Beginning Of The Year

16:36, 30 Oct. 2008
The Romanian Automobile Registry, or RAR, found 100 stolen cars among used vehicles brought in for registration since the beginning of the year, the institution said Thursday.

Romanian Health Min Asks Head Of Bucharest Ambulance Service To Resign

15:39, 30 Oct. 2008
Romanian health minister Eugen Nicolaescu demanded the resignation of the head of the Bucharest Ambulance Service, following deficiencies revealed by a recent check-up.

Romanian Parliamentary Polls Line Up 2965 Candidates

15:06, 30 Oct. 2008
Romanian parliamentary polls due November 30 will reunite 2965 candidates, of which 2070 candidates will run for a deputy seat and 895 for a senator position, the country’s elections authority said Thursday.

Romania’s Ctrk Bk Keeps Key Rate Unch At 10.25%, Lowers Leu Min Reserve Ratio To 18% -2-

14:51, 30 Oct. 2008
Romania's central bank decided on Thursday to keep unchanged the key monetary policy rate at 10.25% on the year and to reduce the minimum required reserves ratio on leu-denominated liabilities of credit institutions to 18% from 20%, the bank said.

Romanian Civil Aeronautic Auth To Get New Chief On Nov 1

14:32, 30 Oct. 2008
The head of Romanian private airline company Regional Air Services, Stefan Vasilache, will takeover the leadership of the Romanian Civil Aeronautic Authority, or AACR, left vacant after Florea Geica’s resignation.

Romania Launches Forbes Edition In March ‘09

14:21, 30 Oct. 2008
Romanian media group Adevarul Holding will launch in March 2009 the publication Forbes Romania, which will be released twice a month and will have a circulation of 50,000 copies.

Romania’s 2015 GDP Seen 15-20% Above Prognosis On EU Funds Absorption – Fin Min Director

14:00, 30 Oct. 2008
Romania’s gross domestic product might be 15-20% above the estimation of the National Prognosis Commission carried out for 2015, due mainly to the absorption of European structural funds, Razvan Cotovelea, director with Economy and Finance Ministry, said Thursday.

Romania To Allocate EUR450M For Transylvania Motorway In ’09 – Sources

13:50, 30 Oct. 2008
Romania will allocate next year some EUR450 million for the Transylvania Motorway, to link central city of Brasov to western Bors, despite assurance from U.S. constructor Bechtel that it can complete works worth up to EUR550 million, people familiar with the matter told MEDIAFAX Thursday.

Romanian Bks To Resume Corporate Lending In 2-3 Weeks – Fiscal Agency Official

13:48, 30 Oct. 2008
Romanian companies face a certain financial blockage, as banks halted lending, Daniel Chitoiu, head of the Romanian fiscal authority ANAF, said Thursday, adding the situation will improve in the following two or three weeks.

Romanian Union Confederation Cartel Alfa Puts Protest Option On Hold

13:44, 30 Oct. 2008
The president of Romanian union confederation Cartel Alfa, Bogdan Hossu, said Thursday the members of the confederation will not turn to protests for the time being, as the solution lies in constructive dialogue and not street action, but he feels the law hiking teacher salaries must be applied.

Romanian Money Mkt Rates At 17.81%, In Line With Ctrl Bk Norms

13:42, 30 Oct. 2008
Romanian banks have published on Thursday money market rates of 17.8% on the year for all maturities, in line with the central bank’s maximum accepted level for ROBOR rates set on October 23, dealers said.

Apartment Prices In Romania Dn 15-35% In Last 5 Mos

13:39, 30 Oct. 2008
Apartment sale prices in Romania decreased 15-35% in October compared to June, as negotiation margins increased by up to 10% and sellers required prices 5-15% lower, according to data provided by real estate network RE/MAX.

Romanian Transport Min OKs Civil Aeronautic Auth Head’s Resignation

12:53, 30 Oct. 2008
Romanian transport minister Ludovic Orban said he approved the resignation submitted by the head of the Civil Aeronautic Authority, Florea Geica.

Romanian Education Union FSLI Goes On Indefinite Gen Strike Nov 18

12:19, 30 Oct. 2008
Romania’s Federation of Free Unions in Education, or FSLI, decided Thursday to go on a two-hour warning strike on Nov 10 and a general strike starting Nov 18, as teachers’ are disgruntled with the government’s decision to put off enforcing the law raising their wages.

Romanian Education Min Talks With Union Leaders

12:17, 30 Oct. 2008
The leaders of the four Romanian education federations started talks Thursday with education minister Anton Anton. The unionists said the law hiking teacher salaries by 50% will not be negotiated.

About 90% Of Romanian Taxpayers Pay Dues On Time – Fiscal Agency

11:58, 30 Oct. 2008
About 90% of taxpayers in Romania pay their dues on time, compared to just 66% in 2005, Daniel Chitoiu, head of the Romanian fiscal authority ANAF, said Thursday.

Romania’s BCR 3Q Net Pft Soars 71.8% to RON1.24B

09:12, 30 Oct. 2008
Romania’s largest lender Banca Comerciala Romana, or BCR, reported a net profit of RON1.247 billion in the third quarter, up 71.8% on the year compared with RON725.8 million in the same period a year earlier, the bank said in a statement Thursday.

Man Kills Himself By Jumping In Front Of Subway Train In Bucharest

20:54, 29 Oct. 2008
One Romanian man, aged approximately 40, died Wednesday evening after jumping in front of a subway train at Tineretului station. Traffic through the station was halted for almost an hour, subway company Metrorex spokesperson Mariana Petre told MEDIAFAX.

Price Recalculation Targets Compensated, Free Medicine – Romanian Min

16:36, 29 Oct. 2008
The recently approved price recalculation for medicine on the Romanian market targets compensated and free drugs alone, Health Minister Eugen Nicolaescu said Wednesday.

S&P Lowers Banca Comerciala Romana Rtg To ‘BB+’, Outlook Neg

15:47, 29 Oct. 2008
Standard & Poor's Ratings Services lowered Wednesday its long-term counterparty credit rating on Romania's largest bank by assets Banca Comerciala Romana, or BCR, to 'BB+' from 'BBB-', citing the recent downgrade made by the agency on Romania's long-term foreign currency rating.

Romanian Senate To Debate Teachers’ Wage Hike Postponement ASAP – Opp Leader

15:44, 29 Oct. 2008
Romania’s leftist opposition leader Mircea Geoana said Wednesday after a meeting with unions in the education sector that the Senate will debate on the government ordinance postponing teachers’ wage hikes until April as soon as it is published in the Official Gazette.

Democrat Liberals Call For Immediate Debates On Act Blocking Teachers’ Pay Hike

15:27, 29 Oct. 2008
Democrat liberal MP Gheorghe Constantin on Wednesday said his party will call for an immediate debate in parliament of the government ordinance postponing a 50% wage hike for education system staff.

Transgaz, Romgaz, Gazprom Might Partner Up To Store Gas In Romania

15:17, 29 Oct. 2008
Romania’s state-owned gas pipeline operator Transgaz, the country’s largest gas producer Romgaz and Russian gas monopoly Gazprom spoke Wednesday about a possible cooperation in natural gas storage in Romania, in developing the country’s current gas transit capacities and setting up new ones.

CME 9 Mo Revenues In Romania Up 44.9% On Yr, To $197.1M

14:49, 29 Oct. 2008
Revenues obtained by Central European Media Enterprises (CME) in Romania increased 44.9% in the first nine months of the year, to $197.1 million, while the group’s earnings before interest, tax, depreciation and amortization (EBITDA) increased 43.1%, to $81.78 million.

Romanian PM Says Union Protests Fail To Sway Him

14:48, 29 Oct. 2008
Romanian Prime Minister Calin Tariceanu told the employees of a plant in central Romanian town Campina that he is not "so easily swayed" and the general strikes announced by unions in education do not scare him, adding that some of the union leaders in education are dishonest.

Romania Senate Adopts Ordinance On Former Secret Police Files

13:55, 29 Oct. 2008
Romania’s Senate on Wednesday passes a draft law adopting government emergency Ordinance granting access to one’s own file from the communist era and disclosing the activity of former secret police Securitate.

Romanian Development Min Denies President’s Claims Of Biased Salary Hikes

13:48, 29 Oct. 2008
The salaries of employees in the Romanian National Housing Agency (ANL) grew by 39% between 2005 and 2008 and the 4.4 times increase, claimed in the speech held by President Traian Basescu, is “an oversight” by the authors of the speech, said development minister Laszlo Borbely.

Romanian Senate Votes For Next Year’s Budget, Worth RON146.439M

13:06, 29 Oct. 2008
Romanian senators Wednesday voted by majority of votes the budget of the Senate for next year, which amounts to 146.439 million lei (EUR1=RON3.7370), of which RON128.173 million will go to staff expenses and to the wage and bonuses fund.

Romanian Education Federation Urges Lawmakers To Reject Govt’s Delay On Teachers’ Wage Hike

11:01, 29 Oct. 2008
Romanian education federation "Spiru Haret" asked the Parliament in a letter to meet urgently and reject the Emergency Ordinance the Government approved Tuesday to postpone until April 1 the 50% hike in teachers’ wages.

Romanian PM Widens Speech, Explains Stance On Current Issues

02:42, 29 Oct. 2008
Romanian Prime Minister Calin Tariceanu spoke on local television station Antena 3 addressing most current issues and responding to some of the accusations brought against him by President Traian Basescu and other political leaders.

Romania Govt ‘Dooms’ Future Generations – Education Unionists

20:45, 28 Oct. 2008
The Romanian government doomed the future generations by its decision to block the 50% salary hike for personnel in the educational system, the National Education Federation, or FEN, said Tuesday.

The Romanian Government Is Dishonest – Romanian Pres

19:43, 28 Oct. 2008
Romanian president Traian Basescu said Tuesday the Government is not honest, as, even though it opposes the increase of teacher salaries, it issued an Ordinance increasing the salaries of hospital managers, as well as an ordinance increasing 4.4 times the salaries in the National Housing Agency.

Ctrl Bker: Romania Does Not Need IMF Financing

18:33, 28 Oct. 2008
Romanian central bank's deputy governor Cristian Popa said Tuesday that Romania does not need a financing from the International Monetary Fund, or IMF, and that the country does not face financial problems.

Romanian Law Hiking Teacher Salaries Published In The Official Gazette

18:29, 28 Oct. 2008
The law boosting Romanian teacher salaries by 50% was published Tuesday afternoon in the Official Gazette, a short while after the Executive announced a Government Emergency Ordinance postponing the application of the law until April 1, 2009.

Romanian Car Mkr Dacia To Implement Automatic Gearbox Option

18:20, 28 Oct. 2008
Romanian car maker will begin making automatic transmission cars in the next several months, most likely in the beginning of next year. The new type of gearbox will be available as option for passenger cars, Renault Technologie Roumanie manager Philippe Prevel told MEDIAFAX.

Romania’s Rompetrol Gas Buys 150 LPG Stations From Local Businessman Cristi Borcea

17:20, 28 Oct. 2008
Rompetrol Gas, the liquefied petroleum gas (LPG) trading unit of the country’s second-largest oil group Rompetrol, took over, from three companies owned by local businessman Cristi Borcea, 150 LPG stations and the due supply contracts, the company announced Tuesday.