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Romanian Social Democrat, Democrat Liberal Leaders Meet At Govt HQ

11:06, 13 Ian. 2009
The leaders of Romania’s governing coalition parties, social democrats and democrat liberals, meet at the government headquarters Tuesday at GMT 0900 to talks about the 2009 state budget and possibly about the appointment of a new interior minister.

Romanian BCR Makes Final Offer To Employees To Avoid General Strike

10:36, 13 Ian. 2009
The management of Romania’s largest lender, Erste Bank-owned Banca Comerciala Romana, or BCR, decided late Monday to make a final offer to employees to avoid a general strike planned to start Wednesday.

Romania’s Dec Inflation +0.23% M-M, Annual CPI Slows To 6.3%

10:22, 13 Ian. 2009
Romania’s inflation rose 0.23% on the month in December, due to higher prices for food and services, but the annual consumer price index (CPI) slowed to 6.3%, from 6.7% in November, the National Statistics Institute, or INS, reported Tuesday.

Romanian Social Democrats To Pull Out Of Govt Unless PM Sacks Interior Min

09:44, 13 Ian. 2009
Romanian social democrats will pull out of the center-left coalition government unless the prime minster sacks social democrat interior minister Gabriel Oprea, for whom the party withdrew its political support, the party Bucharest branch head Marian Vanghelie said late Monday in a TV show.

Romanian Culture Min To Launch Seven Financing Programs In ’09

20:45, 12 Ian. 2009
The Romanian Ministry of Culture, Cults and National Patrimony will launch in 2009 seven cultural programs of non-reimbursable financing - Promocult, Dialog Intercultural, Creativitas, Latinitas, Proetnicultura, Rromi împreună pentru Europa and Glissando, according to the institution’s website.

General Manager Of Romanian Insurer Ardaf Quits Executive Seat As Of Feb 1

18:08, 12 Ian. 2009
Daniel Tudor will no longer be general manager of Romanian insurer Ardaf, and the executive management will be ensured by the two deputy general managers, Adina Bacioiu and Dan Bordeanu, the insurer said Monday.

Romanian Liberals Appoint Bogdan Olteanu Party Spokesperson

16:50, 12 Ian. 2009
The new spokesperson of Romania’s Liberal Party is Bogdan Olteanu, party leader Calin Tariceanu said Monday, after the meeting of the party’s Central Politic Office.

Romania To Send EC In 7 Days Proposal To Amend Public Procurement Laws

16:08, 12 Ian. 2009
Romanian President Traian Basescu said Monday in Brussels after a meeting with European Commission President Jose Manuel Durao Barosso that Romanian will send the Commission in seven days a proposal to amend the public procurement law, in a move to make the use of EU funds more efficient.

Romania’s BCR President Met With Union Leaders

15:52, 12 Ian. 2009
The president of Romania’s largest lender Banca Comerciala Romana (BCR) Dominic Bruynseels met Monday around noon with representatives of the Federation of Independent Union (FSI) within BCR to try and work out differences, the bank said during a press briefing.

Romanian Social Dem Leader Proposes Deputy PM For Interior Min Interim

15:45, 12 Ian. 2009
Romanian social democrat leader Mircea Geoana said Monday he will ask Prime Minister Emil Boc to let deputy prime minister take over as interim interior minister after the party withdrew the political support of current minister Gabriel Oprea.

Romanian Social Democrat Interior Min Ousted From Govt

15:42, 12 Ian. 2009
Romania’s Social Democratic Party will make new propositions for the headship of the Interior Ministry as soon as possible, party leader Mircea Geoana said following the voting in the National Standing Office to withdraw political support for interior minister Gabriel Oprea.

Romania National Retezat Park, Among New 7 Wonders Of The World Contenders

15:29, 12 Ian. 2009
Romania’s National Retezat Park is among the contenders for the New 7 Wonders of the World, a campaign launched by a Canadian foundation.

Romanian Fin Min: Fincl Crisis Needs Cooperation Between Those Involved

15:06, 12 Ian. 2009
The size, symptoms and spread of the global economic turmoil signals a close cooperation is needed between the authorities and all those involved, Romania's Finance Minister Gheorghe Pogea said Monday, at the beginning of a meeting with employers' associations and trade unions.

Romanian Competition Council OKs Raraul Takeover By Albalact

14:45, 12 Ian. 2009
Romanian Competition Council approved the sole takeover of Raraul company by dairy maker Albalact Alba Iulia (ALBZ.RO), saying there are no serious doubts regarding the compatibility with a normal competition environment.

Romanian Social Democrats Withdraw Pol Support Of Interior Min

14:38, 12 Ian. 2009
The headship of Romania’s Social Democratic Party decided by a large majority of votes to withdraw the political support for interior minister Gabriel Oprea and to exclude him from the party, leader Mircea Geoana said after the meeting of the party’s National Standing Office.

Romanian Carmaker Dacia Halts Prod Again For Two Weeks As Of Jan 26

14:09, 12 Ian. 2009
Romania’s Automobile Dacia, the local unit of France’s Renault, said Monday it will halt production again for two weeks, between Jan 26 and Feb 8, following continued dramatic decline in auto markets.

Romanian BCR Employees Go On Gen Strike Wed Over Salaries, Mgmt To Sue

14:02, 12 Ian. 2009
Employees of Romania’s largest lender, Erste Bank-owned Banca Comerciala Romana, or BCR, will go on general strike as of Wednesday, demanding higher wages, the bank said Monday.

Romanian Leu’s Exch Rate Hits A Fresh Historic Low Vs Euro, At RON4.2684

13:17, 12 Ian. 2009
Romanian leu continued its downward trend on Monday and the central bank computed an indicative of RON4.2684 to the euro, a fresh all-time low against the euro.

Non-Declaration Of Goods Worth Over RON20,000 In Customs To Be Considered Felony

12:48, 12 Ian. 2009
Non-declaration at customs points of goods worth at least 20,000 lei (EUR1=RON4.2127) will be considered a felony and is punishable by two to seven years imprisonment, according to a draft emergency decree drawn up by the Romanian National Customs Authority.

Romanian Govt Sent Stance On Pension-Wage Decree To Constitutional Court

12:18, 12 Ian. 2009
The Romanian Government sent the Constitutional Court its reply to the ombudsman’s challenge of the emergency decree banning the cumulation of pensions and salaries for public sector employees, indicating the decree doesn’t go against the Constitution.

Social Democrat Leaders Think Highly Of New State Secretaries- Romania Interior Min

12:17, 12 Ian. 2009
Romania’s interior minister Gabriel Oprea said Monday, before the meeting of the National Standing Office of the Social Democratic Party (PSD), that he would inform his party fellows that the secretaries of state he appointed within the ministry are highly appreciated by the social democrat leaders.

Austria’s Holzindustrie Schweighofer Buys Former Swedwood Plant N Romania

11:44, 12 Ian. 2009
Austrian company Holzindustrie Schweighofer bought the wood processing unit in Siret, northern Romania, previously owned by Swedwood, the production unit of Swedish home-furnishing giant IKEA.

Romania’s Talks With EC To Focus On Econ Crisis, Gas Issue, EU Funds – President

11:25, 12 Ian. 2009
Romanian President Traian Basescu said Monday, before leaving for Brussels to meet with European Commission president Jose Manuel Barroso, that talks will mainly focus on the economic crisis, the gas crisis and accessing EU funds.

Romanian Leu Hits All-Time Low In Early Trade

11:07, 12 Ian. 2009
The Romanian currency further depreciated against the euro and hit a historical low at RON4.2620 /RON4.2650 versus the euro in early trade Monday.

EC Indicates Romanian Transport Ministry Was Incapable Of Promoting Any Projects – President

10:48, 12 Ian. 2009
Romanian President Traian Basescu said Monday, before leaving for Brussels to meet with European Commission President Jose Manuel Barroso, that the Commission’s reports indicate that if Romania has a ministry that wasn’t capable of promoting any projects, that was the Ministry of Transport.

Romanian Carmaker Dacia Employees Back To Work After 1 Mo Production Halt

10:09, 12 Ian. 2009
Employees of Automobile Dacia, the Romanian unit of French carmaker Renault, went back to work Monday morning after a one month production halt triggered by declining demand.

Romania’s Nov Net Salary Up 2.6% M-M To RON1.361

10:01, 12 Ian. 2009
Romania's net average salary was up 2.6% on the month in November to 1.361lei (EUR1=RON4.2127), the National Institute for Statistics, or INS, said Monday.

Romanian Liberal Says Current Govt Was Agreed In August Betw President, Social Democrats

17:43, 11 Ian. 2009
Romanian liberal vice-president Puiu Hasotti told a news conference Sunday that he has known for over a year that democrat liberals (PDL) and social democrats (PSD) were in talks, adding several social democrat leaders often went to see the president at Cotroceni.

Bulgaria Asks Romania To Ensure Gas Transit To Bulgaria – Press

17:14, 11 Ian. 2009
Bulgarian President Georgi Parvanov asked Romanian President Traian Basescu in a phone call conversation to allow free transit for Ukrainian gas to Bulgaria through Romania’s distribution network, Bulgarian agency Focus News reported.

Romanian PM Appoints New State Secretaries, Replaces Fiscal Agency VPs

14:40, 10 Ian. 2009
Romanian Prime Minister Emil Boc has replaced several state secretaries, the vice-presidents of the country’s fiscal agency and appointed the new management of the country’s National Pension House and Employment Agency.

Romanian Social Democratic Party To Take Disciplinary Action Against Int Min – Party Leader

14:29, 10 Ian. 2009
Romania’s Social Democratic Party leader Mircea Geoana told MEDIAFAX Saturday that social democrat interior minister Gabriel Oprea acted unilaterally when he appointed people in positions within the ministry and the party would take disciplinary action.

Romanian Gas Producer Romgaz Could Up Daily Output, Can’t Fully Replace Russian Imports

10:55, 10 Ian. 2009
Romanian natural gas producer Romgaz could increase its output by a daily maximum of 0.5-1 million cubic meters, but can’t completely replace the lack of Russian gas imports, company general manager Lucian Stancu told MEDIAFAX.

Romanian Mine Subsidies Down 14% Pending Budget Approval

20:53, 09 Ian. 2009
Romania’s mining units will get less unitary subsidies for products and social protection by 14% compared to 2008, until the approval of the draft budget for 2009 and the new subsidies, the Government decided in Friday’s meeting.

Romanian Iproeb Bistrita Puts 280 Employees On Tech Unemployment

20:28, 09 Ian. 2009
Romanian electric cable producer Iproeb Bistrita (IMRU.RO) will put 280 of its 653 employees on technical unemployment in January, due to lack of orders, the company stated Friday.

Romanian Pres, PM To Attend Working Breakfast With EC Officials On Monday

20:27, 09 Ian. 2009
Romanian Prime Minister Emil Boc and President Traian Basescu will leave next week to Brussels, to talk with the President of the European Commission about the gas crisis.

Some 1,700 Of Romanian ArcelorMittal Galati Employees File Voluntary Layoff Requests – Unionist

19:27, 09 Ian. 2009
Some 1,700 employees of Romanian largest steel maker ArcelorMittal Galati, owned by UK-based ArcelorMittal, filed requests to leave through the voluntary layoffs program, a trade union representative said Friday.

Ctrl Bk To Decide On Amending Household Lending Rules Next Wk

19:25, 09 Ian. 2009
Romania’s central bank will decide next week whether it would amend household lending rules, especially those related to mortgage loans, banking sources told MEDIAFAX Friday.

Romanian Leu Closes Dn, Off Its All-Time Low

17:16, 09 Ian. 2009
The Romanian leu depreciation slowed down in Friday’s late trades, and it closed at RON4.23 to the euro, off an all-time low of RON4.2450 against the European currency it touched during the inter-bank trading session.

Romanian Govt To Keep Decree Banning Cumulated Public Sector Pension, Wage – PM

17:00, 09 Ian. 2009
The Romanian government keeps and backs the decree it passed, banning pensioners working in the public sector from receiving both pensions and wages, actors, teachers and social assistants may continue to work based on a civil convention, Prime Minister Emil Boc said Friday.

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.