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Romanian Soldier Dies In Car Accident At Military Range

18:17, 04 Nov. 2008
A Romanian conscript died Tuesday in a car accident during a military exercise at the Sendreni firing range, eastern Romania.

Romanian Citizen Arrested For Cocaine Possession In Belgium

16:52, 04 Nov. 2008
A Romanian citizen, aged 20, was arrested Saturday on the Belgian airport Zaventem after authorities found over eight kilograms of cocaine in his luggage, Belgium’s federal police informed.

Railway Employee Strike Not The Best Solution To Solve Problems – Fin Min

16:29, 04 Nov. 2008
Going on strike is not the best solution to problems in the railway sector, Romanian economy and finance minister Varujan Vosganian said Tuesday after railroad unionists decided to halt trains for a few hours Friday.

Romanian Railroad Traffic to Be Halted Friday Due To Union Strike

16:25, 04 Nov. 2008
The managers of the national railroad company passenger and infrastructure divisions failed to reach common ground in talks held with unionists, thus Friday, between 07:00 and 13:00 local time railroad traffic will be halted in protest.

Romanian Cos Delay Paying Taxes On Liquidity Shortage – Fin Min

16:06, 04 Nov. 2008
Companies in Romania have liquidity problems, as banks cut their credit lines, and postponed paying their taxes, causing losses of 1.5 billion lei (EUR1=RON3.6838) to the state budget, Economy and Finance Minister Varujan Vosganian said Tuesday.

Romanian Senate Legal Commission Fails To Enact Report On Delay Of Teachers’ Pay Hike

15:51, 04 Nov. 2008
The commission for legal matters in the Romanian Senate failed to adopt a report Tuesday rejecting or approving the government ordinance which puts off a 50% wage increase for staff in education.

Romanian President Passes Law On Home Insurance Against Natural Disasters

13:51, 04 Nov. 2008
Romanian president Traian Basescu Tuesday promulgated the law obligating private individuals and legal entities to ensure their homes against natural disasters, which will be enforced 120 days after its publication in the Official Gazette.

Romanian Parliament Elects Mircea Vasile Popescu Vice-president Of Court Of Accounts

13:22, 04 Nov. 2008
The Romanian parliament in plenary session decided Tuesday with 224 votes to appoint Mircea Vasile Popescu vice-president of the Court of Accounts.

Romanian Fuel Mkt To Mature Over Tens Of Yrs – MOL

12:53, 04 Nov. 2008
Romania's fuel market will mature over a couple of decades although it has the highest growth compared with Slovakia and Hungary, the key-countries of Hungarian oil and gas company MOL, the company's Vice-President for Corporate Communications, Szabolcs Ferencz, said Tuesday.

Romanian Pvt Auth Negotiates IAR Ghimbav Sale With Czech Aero Vodochody

12:18, 04 Nov. 2008
The Romanian Privatization Authority AVAS excluded Israel's Marcovici Capital Ltd from the sale process of state-owned helicopter maker IAR Ghimbav, and continues negotiations with Czech aircraft producer Aero Vodochody, AVAS said in a statement Tuesday.

Romanian Senate To Debate Act Putting Off Teachers’ Wage Hikes Next Monday

11:39, 04 Nov. 2008
Romania’s Senate Standing Office decided Tuesday that the Government Emergency Ordinance postponing the 50% increase in teachers’ wages until April 1, 2009 would be debated in its plenary meeting next Monday.

Romanian Chamber Of Deputies To Vote On Lustration Draft Law Tuesday

11:05, 04 Nov. 2008
The draft law on lustration will be submitted for debate to the Chamber of Deputies on Tuesday, after the majority of the Chamber's Standing Office voted in favor of this, head of the Chamber of Deputies Bogdan Olteanu said.

EIT-Forum Auto To Launch Volvo XC60 In Romania, For EUR33,558, VAT Included

10:11, 04 Nov. 2008
EIT-Forum Auto, importer of Swedish Volvo brand in Romania, will launch Friday the new Volvo XC60 on the Romanian market at prices ranging from EUR33,558 to EUR46,565, VAT included, and eyes selling nearly 40 XC60 units in 2008.

Romania’s Sept Net Salary Up 1.5% M-M To RON1.296

10:02, 04 Nov. 2008
Romania's net average salary was up 1.5% on the month in September to 1,296 lei (EUR1=RON3.6844), the National Institute for Statistics said Tuesday.

Romania, USA Sign Visa Waiver Interim Declaration

20:43, 03 Nov. 2008
Romanian ambassador in the USA Adrian Vierita and Michael Chertoff Unites States Secretary of Homeland Security, signed Monday a statement on the Visa Waiver program, said a press release posted on the Homeland Security Department website.

First Day Of Talks Between Romanian Govt, Unionists Ends Without Results

20:09, 03 Nov. 2008
Romanian union representatives and the ministers appointed by the Prime Minister failed to reach a result in the meeting held Monday. The only decision made was to continue talks Tuesday and Wednesday together with experts from both parties.

Romanian Rail Employees To Launch Warning Strike Against Mgmt Friday

19:00, 03 Nov. 2008
The employees of Romanian railway company Caile Ferate Romane SA, or CFR, will launch a six-hour warning strike on Friday to protest against “poor managing decisions” regarding company’s infrastructure, unionist said Monday.

Romania Ctrl Bker: GDP Growth Below Potential Next Yr, Seen Recovering In 2010

18:41, 03 Nov. 2008
Romania’s gross domestic product growth will stand below its 6% potential next year, and the economy will return to a normal trend towards 2010, central bank deputy governor Cristian Popa said Monday.

Mahmoud Abbas Asks For Romanian Support In Middle East Peace Talks

18:39, 03 Nov. 2008
Palestinian Authority President Mahmoud Abbas met Monday with Romanian Senate vice president Norica Nicolai. Abbas asked for Romania’s support in mediating a stable peace process in the Middle East, Nicolai said at the end of talks.

Romanian Car Mkr Dacia To Halt Production Between Nov 20, 21

18:24, 03 Nov. 2008
Romanian car maker Dacia announced Monday it will halt production between November 20 and 21, due to the need to adapt production to the auto market evolution. Dacia previously used this measure for another four days, namely October 30-31 and November 13-14.

Romania’s UDMR Proposes Voting Rights For 16-Year Olds

17:23, 03 Nov. 2008
The Democratic Union of Magyars in Romania proposed the reduction of the minimum voting age from 18 to 16, and the minimum required age for administration positions from 21 to 20. Both initiatives will be up for public debate during the electoral campaign, said UDMR Executive President Kelemen Hunor

Romanian Ctrl Bk Revises Up ‘08 CPI To 6.7%, ’09 CPI To 4.5%

16:24, 03 Nov. 2008
The National Bank of Romania, or BNR, revised upwards its forecasts for the 2008 and 2009 consumer price index to 6.7%, and 4.5%, respectively, from the previous 6.6% and 4.2% estimates, central bank governor Mugur Isarescu said Monday.

Romania’s Future Govt Not Seen Limiting Expenses – Ctrl Bk Governor

15:53, 03 Nov. 2008
The National Bank of Romania, or BNR, estimates that the country's future government will have problems limiting public spending, while excess of demand will continue especially in terms of people's incomes, central bank governor Mugur Isarescu said Monday.

Romanian Lawmakers To Present Report On ’09 State Budget By Dec 20

15:39, 03 Nov. 2008
The Romanian Chamber of Deputies has received the 2009 state budget draft and lawmakers have until December 20 to issue a report on the draft, Chamber speaker Bogdan Olteanu said in a press release Monday.

Romanian Cos Unfolding Contracts With ArcelorMittal Galati Laid Off Over 300 People

15:26, 03 Nov. 2008
Companies based in Galati, eastern Romania, unfolding various contracts with steel company ArcelorMittal Galati, a unit of UK-based giant ArcelorMittal Group, laid off over 300 employees in recent days, according to data offered by the local employment agency.

Romania Stays Out Of Middle East Processes Pending Beckoning – Romanian Pres

13:55, 03 Nov. 2008
Romanian president Traian Basescu said Monday Romania does not wish to interfere with the ongoing processes in the Middle East, but the country is ready to get involved, if asked to do so.

Romanian Universities Welcome Young Palestinians – Romanian President

13:54, 03 Nov. 2008
Romanian President Traian Basescu said Monday at the end of the meeting with Palestinian National Authority President Mahmoud Abbas that Romania is willing to resume, starting with 2009, the university education programs for young Palestinians.

Romania’s Forex Reserves Up EUR1.3B In Oct To EUR27.32B

13:53, 03 Nov. 2008
Romania’s foreign exchange reserves rose by EUR1.297 billion in October to a total of EUR27.318 billion, the central bank said in a statement Monday.

Romania Might Not See Fall In Unemployment Rate Due To Intl Fin Crisis – PM

13:38, 03 Nov. 2008
Romania's unemployment rate might not decrease in the following period, and the annual unemployment rate in 2009 will depend on the international economic crisis, which may determine Romanian laid off abroad to return home, Prime Minister Calin Tariceanu said Monday.

EC: Romanian Current Acc Def Seen Slowing In ’08, ’09

13:35, 03 Nov. 2008
The European Commission sees Romania’s current account deficit slowing in both 2008 and 2009 to 13.5% and 13% of gross domestic product, respectively, lower compared to the Commission’s previous forecasts.

Bucharest Ambulance Services Sees Disciplinary Measures

12:59, 03 Nov. 2008
The management of the Bucharest Ambulance Service terminated the work contract of an ambulance driver in district 4 and reduced the salary for one month of a squad from the same unit by 5%, following misconduct in the medical act.

EC: Romania’s GDP Growth Seen Slowing To 4.7% In ’09 From 8.5% In ’08

12:47, 03 Nov. 2008
Romania’s gross domestic product is seen slowing to 4.7% in 2009, against an estimated 8.5% growth this year, and will pick up slightly in 2010 to a 5% growth, the European Commission said in its fall economic forecast Monday.

UniCredit Tiriac Bk Names Dorin Badea As New Treasury Head

12:19, 03 Nov. 2008
UniCredit Tiriac Bank treasury manager Bogdan Mihoc resigned Monday and was replaced by deputy treasury manager Dorin Badea, the bank announced.

Romanian PM Calls On Unions To Act Responsibly

12:01, 03 Nov. 2008
Romanian Prime Minister Calin Tariceanu called on education unions and teachers Monday to act responsibly, saying going on a strike is not the right thing to do and wages cannot be increased by 50%.

UniCredit Tiriac Bk Treasury Head May Resign – Sources

12:00, 03 Nov. 2008
UniCredit Tiriac Bank treasury manager Bogdan Mihoc might resign following the scandal on the operations of certain banks in the last two-three weeks, banking sources told MEDIAFAX.

Romanian Education Federation Spiru Haret On Warning Strike Monday

10:37, 03 Nov. 2008
Thousands of teachers affiliated to the Romanian unionist federation “Spiru Haret” went on warning strike Monday morning after having asked the Parliament in a letter to meet urgently and reject the ordinance postponing a 50% wage hike for the staff in the education system.

Romanian Education Federation Spiru Haret Goes On Warning Strike On Monday

18:17, 02 Nov. 2008
Thousands of teachers affiliated to the Romanian unionist federation “Spiru Haret” will go on a warning strike on Monday after having asked the Parliament in a letter to meet urgently and reject the ordinance postponing the 50% wage hike for the staff in the education system.

Romania’s 10-Mo Budget Deficit Climbed To 1.5% Of GDP – Fin Min

16:15, 02 Nov. 2008
Romania’s general consolidated budget deficit after the first ten months rose to 1.5% of the gross domestic product (GDP), and is estimated to stay under 2% at the end of November, economy and finance minister Varujan Vosganian said Sunday.

EC Pursues Second Stage Of Infringement Against Romania Over Energy Sector

15:56, 02 Nov. 2008
The European Commission decided to pursue the second stage of the infringement procedure against Romania over the energy sector, as the Parliament in Bucharest did not adopt an emergency ordinance whose stipulations included several European directives.

Romanian Fin Min Proposes State Aid Hike, To RON1B For ‘09

15:12, 02 Nov. 2008
Romanian economy and finance minister Varujan Vosganian proposed that the sum assigned to state aid for next year be increased to 1 billion lei (EUR1=RON3.6610), from the current RON200 million, Vosganian said Sunday.