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Romanian Pol Parties, Govt Will Not Enforce Current Law On Teachers’ Wage Hike – Fin Min

14:43, 02 Nov. 2008
Romanian political parties do not want to take responsibility for the enforcement of the law hiking teachers’ wages by 50%, and no government will enforce it in its current form, economy and finance minister Varujan Vosganian said Sunday.

Romanian Bks Should Simplify Lending Procedure For EU Co-funded Projects

16:47, 01 Nov. 2008
Banks in Romania should simplify the lending procedure for the projects co-funded by the European Union, on the backdrop of the economic crisis, as their beneficiaries will encounter problems due to the increase of costs, state secretary with the Economy Ministry Eugen Teodorovici said Saturday.

Romanian Detainee In Italy Admitted To Milan Polytechnic University

14:27, 01 Nov. 2008
A Romanian hacker, who was sentenced in Italy to three years' imprisonment for internet fraud, was the first candidate admitted to the Polytechnic’s Engineering Faculty in Milan.

Joint World Bank/International Monetary Fund Mission To Assess Romania’s Fin System

13:23, 01 Nov. 2008
A joint mission of the World Bank and of the International Monetary Fund, or IMF, will be on a visit to Romania between November 3 and November 14 to assess the country’s financial system, a statement of the International Monetary Fund read.

Romania To Sign Declaration On Access To Visa Waiver Program In Washington

16:42, 31 Oct. 2008
The Romanian ambassador to the United States of America will sign Monday a statement which will facilitate Romania’s access to the Visa Waiver Program and which will ultimately lead to the elimination of visas for Romanian citizens travelling to USA, the Foreign Affairs Ministry said Friday.

Romanian Pres Notifies Constitutional Court On Referendum – Elections Law

15:58, 31 Oct. 2008
Romanian President Traian Basescu notified the Constitutional Court Friday regarding the law stating that a referendum cannot be organized in parallel with presidential, Parliament or European Parliament elections.

Romania’s Future Govt Will Repeal Act Putting Off Teachers’ Wage Hikes – President

15:12, 31 Oct. 2008
Romanian President Traian Basescu said Friday on public radio station RRA that the future government will repeal the ordinance postponing teachers’ age hikes, adding he finds it hard to believe the act would be repealed before general elections.

Romanian Senate Committees To Debate Teacher Pay Hike Delay Next Week

14:28, 31 Oct. 2008
Romanian Senate secretary Ivan Cismaru told MEDIAFAX Friday that, after publishing in the Official Gazette, the Government Ordinance postponing the increase of salaries in education will be analyzed by the Senate special committees, and the plenary vote will probably be cast on November 10.

Romania’s Petrom To Cut Gasoline Pump Prices By RON0.06/Liter

13:58, 31 Oct. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will cut Saturday its gasoline pump prices by 0.06 lei (EUR1=RON3.6610) per liter, keeping the same prices for the diesel oil, the company said in a statement.

Swiss Carrier Baboo Launches Flights To Romania

13:55, 31 Oct. 2008
Swiss regional air carrier Baboo on Monday launched its first flights on the Romanian market, from Bucharest’s International Airport Otopeni to Geneva and Nice, respectively, Baboo said in a statement.

Romanian Govt Ordinance Postponing Teachers’ Wage Hikes Published In Official Gazette

13:41, 31 Oct. 2008
The government emergency ordinance postponing until April next year the enforcement of the law raining teachers’ wages by 50% was published in the Romanian Official Gazette Friday.

CEZ Romania: Direct Gas Imports From Gazprom To Strongly Reduce Gas Prices

13:21, 31 Oct. 2008
Direct natural gas imports might reduce gas prices by a few tens of percents and Romania should negotiate the purchases directly with Russian natural gas monopoly OAO Gazprom, Adrian Borotea, corporate affair manager in CEZ Romania, the local unit of Czech power group CEZ AS, said Friday.

Romania’s Alma Mater Ed Union Announces Protests For Nov 10, 18

11:36, 31 Oct. 2008
Romanian education trade unionists with the Alma Mater Federation on Friday said they will go on a warning strike November 10, followed by a full-scale strike on indefinite term starting with November 18 to protest against government’s decision to block wage hikes in education.

Romania Stays Loyal To Nabucco Gas Pipeline Proj – President

20:32, 30 Oct. 2008
Romania has no intention to scrap the Nabucco gas pipeline project in favor or rival South Stream, President Traian Basescu said Friday.

Romania Ranks 3rd In EU Econ Sentiment Top In Oct

19:58, 30 Oct. 2008
Romania ranked third in a European Union top on the economic sentiment indicator, or ESI, on the month in October, down 1.3 points to 103.7 points, EU said in a report Thursday.

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.