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Romania’s 9-Mo Curr Acct Def Widens 14.75% On Yr To EUR12.7B

15:03, 12 Nov. 2008
Romania’s current account deficit soared 14.75% on the year in January-September, to EUR12.7 billion, from EUR11.07 billion in the same period a year earlier, driven by a wider trade deficit, the central bank said in a statement Wednesday.

State Funds Are Insufficient For Bucharest’s Future Airport – Romanian Official

15:01, 12 Nov. 2008
Romania’s future airport in the south of capital city Bucharest cannot be built from state funds alone, according to Sorin Stoicescu, air flotilla general and former head of the Civil Aviation Department within Romania’s Transport Ministry.

Bucharest Mayor To Meet With Disgruntled Cab Drivers Thursday

14:06, 12 Nov. 2008
Bucharest general mayor Sorin Oprescu told MEDIAFAX Wednesday he will meet Thursday with the representatives of taxi drivers, to discuss their complaints regarding the taxi driving licenses.

Romanian Light Car Accidents To Be Settled Amiably, No Police Required As Of July ’09

13:42, 12 Nov. 2008
The amiable solution of traffic accidents resulting in mild damage could become operational on July 1, 2009, when the Insurance Surveillance Committee receives approval from the EU for the form on amiable acknowledgement.

Russia Might Not Include Romania In South Stream Proj – Schroeder

13:31, 12 Nov. 2008
Russia might not include Romania in the gas pipeline project South Stream, although there are talks in Romania on the need to involve the country in the project, former German chancellor Gerhard Schroeder said Wednesday in Bucharest, during an international conference on energy issues.

Romanian PM Accuses Leftist Parties Of Double-Speak

13:28, 12 Nov. 2008
Romanian Prime Minister Calin Tariceanu told ministers in the Cabinet meeting Wednesday that he would sent political parties a letter inviting them to sign the agreement of the law regulating public sector wages, adding leftist parties use double-speak and make ungrounded promises.

Romanian Bks To See Escalation Of Phishing Attacks To 300 Cases In ‘09

13:25, 12 Nov. 2008
Romania will register nearly 300 phishing attacks in 2009, ten times more compared to the number reported this year, which translates into higher losses following the increase in the number of online banking users, according to antivirus applications producer BitDefender.

Fees On RCA Policies Fail To Cover Insurers’ Costs – Romanian Insurance Commission

13:24, 12 Nov. 2008
Damage claims on the segment of compulsory civil liability car insurance RCA are higher than premiums, which indicates that RCA fees do not cover insurers’ obligations toward their clients, Constantin Buzoianu, vice-president of Romania’s Insurance Supervisory Commission (CSA), said Wednesday.

All But One Romanian Unions Refuse To Sign Public Sector Pay Agreement With Govt

19:39, 11 Nov. 2008
Romanian Prime Minister Calin Tariceanu today invited the unions and Parliament party representatives to sign an agreement on the base principles for the public sector salary law.

Online Stores In Romania Seen Up 50% Annually, To 3,000 Stores In 2011 – Study

15:17, 11 Nov. 2008
The number of online stores in Romania is seen increasing by an annual 50%, to reach 3,000 functional e-commerce stores in 2011, according to a study ordered by Romania’s National Communication Authority, or ANC.

Second-hand Car Imports Jeopardize Local Carmakers’ Activity, Jobs – Dacia Manager

14:53, 11 Nov. 2008
The import of second-hand cars jeopardizes the activity of Romanian carmakers and jobs in the local auto industry, Automobile Dacia general manager Francois Fourmont said Tuesday.

Romanian Football Club Rapid Officials Quit Amid Financial Problems

14:25, 11 Nov. 2008
The members of the board of directors of football club Rapid Bucharest resigned Tuesday, citing financial problems at the football club, FC Rapid board member Alexandru Bunea said Tuesday.

Romanian Const Court Delays Ruling On Wage Delay After Govt Annuls Decree

14:18, 11 Nov. 2008
Romania’s Constitutional Court postponed for Wednesday a decision on the legality of the government’s decree postponing a 50% raise in teachers’ wages, as the government said it has issued a new one overriding it.

Romanian Justice Min Announces Completion Of Criminal, Civil Codes

13:18, 11 Nov. 2008
Romanian justice minister Catalin Predoiu said Tuesday the country’s Criminal and Civil Codes, and their respective procedure codes, have been completed.

Romania’s ArcelorMittal Hunedoara To Cease Production Due To Econ Crisis

12:53, 11 Nov. 2008
Romania’s steel plant ArcelorMittal Hunedoara, owned by UK-based giant ArcelorMittal, will halt its production for approximately two months due to the economic crisis, and the company’s 1,200 employees will be forced to take vacation.

Romanian School Teachers’ Base Wage To Increase To RON1,599 As Of Sept ‘09

12:48, 11 Nov. 2008
The base salary of Romanian school teachers with a seniority of six to ten years will increase to 1,599 lei (EUR1=RON3.7482) in September 2009 from the current RON1,416, while a debutant will earn RON1,399 a month, from the current RON1,134.

Romanian Govt Notifies Constitutional Court On Annulment Of Act Delaying Teachers’ Pay Raise

11:55, 11 Nov. 2008
The Romanian government notified the Constitutional Court Tuesday that it repealed Monday the emergency ordinance postponing until April next year the enforcement of the law raising teachers’ wages by 50%, and the decision was sent to be published in the Official Gazette.

Romanian Children Poisoned With Non-Freezing Lubricant In Stable Condition

11:37, 11 Nov. 2008
The five children in Barla, in southern Romanian Arges county, who were taken Monday evening to Bucharest’s emergency hospital "Grigore Alexandrescu" with non-freezing lubricant poisoning are in stable condition and will remain in the hospital for the next 72 hours to receive medical care.

Romania’s Oct Inflation 1.06% M-M, 7.39% Y-Y; Higher Prices For Services, Food

10:06, 11 Nov. 2008
Romania’s inflation soared 1.06% on the month in October, rising slightly to 7.39% on the year, driven largely by an increase in prices for services and food products, the National Statistics Institute reported Tuesday.

Fitch Downgrades Five Romanian Banks, Affirms Banca Transilvania

20:12, 10 Nov. 2008
Fitch Ratings has downgraded on Monday five Romanian banks, namely BCR, BRD-GSG, Bancpost, UniCredit Tiriac Bank and Banca Romaneasca and affirmed Banca Transilvania’s rating, following Romania’s sovereign rating downgrade earlier the day, the rating agency announced.

Romanian Car Mkr Dacia To Halt Production Between Nov 20, Dec 7

19:09, 10 Nov. 2008
Romanian car maker Dacia announced Monday it will halt production between November 20 and December 7, due to decreases in the local and foreign markets. Dacia previously used this measure for another four days, on October 30-31 and on November 13-14.

Romania Housing Agency Tenants To Be Able To Contract Mortgage Loans

19:06, 10 Nov. 2008
Tenants of the Romanian National Housing Agency will be able to take out mortgages on the homes to contract loans with the purpose of buying the apartments they are currently renting, while banks will be able to sell, at any time, the mentioned homes, if loans aren’t returned.

ECHR To Decide If Romanian Television Can Be Broadcast In Moldova

15:06, 10 Nov. 2008
The management board of the Romanian Television Company (SRTv) approved the continuation of legal actions to regain the right to broadcast the TVR1 channel in the Republic of Moldova. The company formulated a request in this respect at the European Court for Human Rights, said a press release.

Fitch Cuts Bucharest, Oradea Ratings, After Romania’s Sovereign Cut

14:53, 10 Nov. 2008
Fitch Ratings has downgraded the Long-term foreign currency ratings of the Romanian cities of Bucharest and Oradea to 'BB+' from 'BBB-' (BBB minus) and revised both cities' outlooks to negative from stable, the ratings agency announced Monday.

Romanian President Opposes Lottery Staff’s Access To Cut In Co Profit

13:54, 10 Nov. 2008
Romanian President Traian Basescu asked the Parliament to reexamine the law allowing the employees of the Romanian lottery to participate in the company’s net profit, through the distribution of 10% of the accounting profit, saying this provision is not adequate.

Romanian PM Calls On Unions Again To Understand 50% Wage Hikes Are Impossible

13:38, 10 Nov. 2008
Romanian Prime Minister Calin Tariceanu urged unions again Monday to understand that a 50% wage his would have severe consequences on the economy and accused the leftist opposition of backing wage hikes for electoral purposes alone.

Romania’s Petrom Cuts Gasoline Prices By RON0.06/Liter

13:30, 10 Nov. 2008
Romania’s largest oil company Petrom SA (SNP.RO) cut Monday gasoline reference prices by 0.06 lei (EUR1=RON3.7482) per liter and kept diesel oil prices unchanged, the company said in a statement.

Romanian Social Democrats’ Campaign Bus Hit In Alleged Shooting

12:08, 10 Nov. 2008
The windshield of the bus carrying Romanian social democrat leader Mircea Geoana was broken Sunday evening near Bucharest, and the driver said the bus was shot at.

Romanian Democrat Liberals Sign Agreement With Employers In Energy, Industry

11:55, 10 Nov. 2008
Romanian democrat liberal leaders Monday signed a cooperation agreement with the Employers’ Alliance in the industry and energy sectors, stipulating mutual support on projects and advice for the party in some fields, said Vasile Turcu, head of the Employers’ Alliance in Industry, or CONPIROM.

Romanian Senate’s Labor, Education Commissions Reject Delay Of Teachers’ Pay Hike

11:49, 10 Nov. 2008
The Romanian Senate’s labor and education commissions adopted Monday 14 to three votes a report rejecting the government ordinance which puts off a 50% wage increase for staff in education.

Romanian Education Unionists On Warning Strike Monday, Threaten General Strike

10:22, 10 Nov. 2008
Romanian education unionists are on a two-hour warning strike Monday, as a protest to the Government’s decision to delay the 50% wage hike until April 1, 2008.

Romania’s 9-Mo Trade Def Up 12.5% On Yr To EUR16.93B

10:02, 10 Nov. 2008
Romania’s January-September trade deficit rose 12.5% on the year to EUR16.93 billion, from EUR15.05 billion in the same period a year earlier, but exports grew at a higher pace than imports during the first nine months, the National Statistics Institute reported Monday.

Fitch Downgrades Romania’s Rating By Two Notches To Below Invest Grade

10:01, 10 Nov. 2008
Ratings agency Fitch has lowered on Monday the sovereign ratings on Romania by two notches, citing vulnerabilities in the emerging markets, spurred by the global crisis and the countries’ high current account deficits.

Romanian Prosecutors’ Office Closes File On Communist Police Crimes And Abuse

16:40, 09 Nov. 2008
Romania’s General Prosecutors’ Office closed the file on the crimes and abuse committed by Romania’s communist, in which 67 former activists, psychiatrists and police employees had been indicted. Prosecutors said the file had passed its statute of limitations.

Romanian Children Earn Gang Millions In UK – Paper

10:29, 09 Nov. 2008
At least 200 gypsy children from Romania has been smuggled into Britain and could be earning more than GBP19 million a year from street crime and fraud, the European Union’s head of police has disclosed, the Sunday Times reported.

Romanian Chief Anticorruption Prosecutor Has Mandate Extended Until Yearend

13:00, 08 Nov. 2008
Romania’s prosecutor general Codruţa Kovesi extended the mandate of chief anticorruption prosecutor Daniel Morar until the end of the year, as the justice minister and the head of state haven’t reached an agreement to appoint a new chief prosecutor.

Romanian President Briefs Media On Informal EU Meeting Conclusions

20:02, 07 Nov. 2008
Romanian president Traian Basescu said Friday in Brussels, after the informal reunion of the heads of states and governments, that other crisis outbreaks could occur, in the world, after the USA and the EU, as the size of the financial crisis generated the risk of a global economic crisis.

People’s Advocate Notifies Romania Constitutional Court On Act Putting Off Teachers’ Pay Hike

19:01, 07 Nov. 2008
Romania’s Constitutional Court was notified by the People’s Advocate on the alleged unconstitutionality of the provisions of Government Emergency Ordinance postponing until April 2009 the enforcement of the law increasing teachers’ pay hike by 50%.

Romanian Social Democrat Accuses Govt Official Of Campaigning Using Public Money

16:04, 07 Nov. 2008
The secretary general of Romania’s leftist opposition Social Democratic Party, Titus Corlatean, urged Prime Minister Calin Tariceanu Friday to suspend Petre Roman from the position of government representative for Romanians abroad, accusing the latter of using public money to pay for his election campaign.

Romania’s Petrom To Cut Gas, Diesel Oil Pump Prices By RON0.06/Liter

15:18, 07 Nov. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will cut Saturday its gas and diesel oil pump prices by 0.06 lei (EUR1=RON3.7271) per liter, the company said in a statement.