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Romanian Rompetrol To Lay Off 1,500 Employees Over Next 3 Yrs

12:46, 07 Oct. 2008

Rompetrol, the second largest oil group in Romania, will lay off 1,500 employees in one to three-year period, after 500 employees have already left the company, in a reorganization process, Rompetrol general manager Dinu Patriciu said Tuesday.

Bucharest Down Three Spots In European Business Destinations’ Top 34 – Study

12:28, 07 Oct. 2008

Romania’s capital city Bucharest ranks 31 of 34 European cities in this year’s hierarchy of the best business destinations, losing three positions because of high rents for office spaces and availability of high quality office locations, according to a study made by Cushman&Wakefield.

Skoda To Sell New Superb In Romania For EUR18,982, VAT Included

11:30, 07 Oct. 2008

Porsche Romania, importer of Skoda brand on the local market, launched Tuesday the new car model Superb, available in three equipment versions, in a choice of three gas engines and three diesel engines, at prices ranging from EUR18,982 to EUR34,213, VAT included.

Romanian Sed Lex Unionists Set Up Protests Plan

11:27, 07 Oct. 2008

Over 100,000 public servants affiliated to the Romanian Federation of Public Servants’ Unions Sed Lex will go on a warning strike on Thursday, and on general strike as of October 16, unionists’ representatives said Tuesday.

ANI Law Unconstitutionality Question Is Normal Step – Magistrate Council

21:57, 06 Oct. 2008

The president of the Romanian High Council of the Magistrates, Lidia Barbulescu, said the Council’s notification regarding the unconstitutionality of texts within the National Integrity Agency law came after the complaint filed by a magistrate.

Romanian Pres Blasta High Council Of Magistrates

20:01, 06 Oct. 2008

Romanian president Traian Basescu noticed that despite the lack of consistent progress under Lidia Barbulescu, the High Council of the Magistrates is seeking ways to block the activity of the National Integrity Agency, and not to apply the European Commission recommendations, said the presidency.

Euro Demand Up 20% In Bucharest Exchange Offices, On Lower Leu

19:11, 06 Oct. 2008

Euro demand at exchange offices in Bucharest rose 20% on Monday compared with 7-10 days ago, the european currency being sold at RON3.95/RON4, after a strong depreciation of Romanian leu in the last days, representatives of exchange offices said.

Romanian Public Servants, Fin Min Fail To Reach Agreement On Salary Hikes

19:10, 06 Oct. 2008

Romanian public servants will go on warning strike as of October 9, after negotiations on salary hikes between trade union officials and finance ministry failed on Monday, unionists said.

Romania Could Use EU Measures To Fight Crisis, If Needed

18:41, 06 Oct. 2008

The Romanian authorities are ready to replicate the measures used by European Union, in order to counter possible shocks of the international crisis, central bank governor Mugur Isarescu said Monday.

Romanian PM: Public Sector Wage Hikes Would Call For EUR2,000 Additional Taxes

16:57, 06 Oct. 2008

Potential wage hikes for all employees in Romania’s public sector would require total budget expenses of EUR10 billion, which could only be covered by taxing all 5 million employees with additional EUR2,000 each, Premier Calin Popescu Tariceanu said Monday.

KazMunaiGaz Paid $1.6B For 75% In Romanian Rompetrol Vs. $2.7 Pvs Valued

15:38, 06 Oct. 2008

Kazakhstan's state energy company KazMunaiGaz, or KMG, paid $1.6 billion for a 75% stake in Netherlands-registered Rompetrol Group NV, founded by Romanian oil tycoon Dinu Patriciu, according to KMG's annual financial report, below the amount previously estimated at $2.7 million.

Romanian Healthcare Employees Urge 50% Or 60% Wage Hike

15:24, 06 Oct. 2008

Members of Romania’s Sanitas Federation said they would meet with health minister Eugen Nicolaescu Tuesday to discuss a potential 50% or 60% wage hike for employees in the healthcare system.

Depeche Mode Return To Romania To Play On May 16, 2009

15:22, 06 Oct. 2008

Depeche Mode returns to Romania in 2009, three years after their first concert in the country, to play in Izvor Park in center Bucharest on May 16, organizers Emagic told MEDIAFAX Monday.

Court Rules In Favor Of Romania’s Rafo Onesti In Crude Supplier Trial

12:18, 06 Oct. 2008

Brasov Courthouse ruled in favor of Romanian refinery Rafo Onesti in the trial with UK-registered crude oil supplier Glencore Energy, which asked to be registered at the creditors’ table, for a $75 million debt, representing the value of 123,530 tons of crude oil.

Romanian PM Voices Out Deficiencies In Tourism Sector

12:02, 06 Oct. 2008

Many towns in Romania, including capital city Bucharest, still face a serious shortage of accommodation spaces for the business sector, while investments in tourism must also focus on promoting this type of services, Prime Minister Calin Tariceanu said Monday.

Romanian Leu Continues Downward Trend Vs Euro

11:28, 06 Oct. 2008

The Romanian leu continued Monday its downward trend against the euro due to foreign investors’ lack of trust in the international efforts to solve the European crisis, traders said.

Romania’s Aug Net Salary Dn 2.4% M-M To RON1,277

10:02, 06 Oct. 2008

Romania's net average salary was down 2.4% on the month in August to 1,277 lei (EUR1-RON3.8720), the National Institute for Statistics said Monday.

Nearly 20,000 Romanian Unionists To Protest In Bucharest On World Day for Decent Work

17:21, 05 Oct. 2008

Nearly 20,000 Romanian people are expected to participate Tuesday at the protest organized by four trade unions in the capital city Bucharest, demanding higher purchasing power of wages and respect for employee rights.

The Number Of Polling Stations For Romanians In Spain, Italy Will Triple – Romanian Govt

16:48, 05 Oct. 2008

The number of polling stations for the Romanian citizens in Spain and Italy will be tripled in comparison to the electoral offices opened for the last elections, and Governmental services will inform and guide the Romanians living in Spain who plan to come back in the country.

Romanian Consuls To Be Rigorously Selected After November Parliament Elections – President

16:15, 05 Oct. 2008

Many Romanian consuls are members of the Government’s political clientele, but the November elections will bring about a selection among them, president Traian Basescu said Sunday at the Forum of the Romanian Diaspora Associations.

Romanian Doctors Push For Wage Hikes

14:24, 05 Oct. 2008

The Romanian Doctors College (CMR) will request the hike of doctors’ wages, if the government increases wages for teachers, public servants and other social categories.

Romania Can Grant Some State Aid To Austria’s Voestalpine – Min

14:18, 05 Oct. 2008

Romanian commerce minister Ovidiu Silaghi, who led the discussions with Austrian company Voestalpine for the building of a steel mill, said Romania can grant it state aid in some sectors only, while Turkey and Bulgaria have no restrictions from the European Union in this respect.

Romanian Education Unionists To Sue PM, Fin Min Over Statements On Teacher’s Wage Hike

16:49, 04 Oct. 2008

Romania’s Federation of Education Unions “Spiru Haret” will sue economy and finance minister Varujan Vosganian and Prime Minister Calin Tariceanu over their statements on the Chamber of Deputy’s decision to hike teacher’s wages by 50%, the head of the federation, Gheorghe Isvoranu, said Saturday.

Romanian President Wants To Encourage “Stronger” Romanian Associations

16:08, 04 Oct. 2008

Romanian president Traian Basescu said Saturday he wants to encourage Romanian citizens living abroad to get organized in “stronger” associations, as their “voice” is not powerful enough to fit their number in relation with national governments.

Romanian Liberals Understood They Were Wrong To Vote In Favor Of Teachers’ Wage Hike – PM

15:30, 04 Oct. 2008

Romanian liberal lawmakers, including education minister Cristian Adomnitei, understood they were wrong to vote Tuesday in favor of the 50% increase in teachers’ wages, as the measure is financially unsustainable, Prime Minister Calin Tariceanu said Saturday.

Romanian Govt Decides To Take Teachers’ Wage Hike To Constitutional Court

14:32, 04 Oct. 2008

The Romanian Government decided to inform the Constitutional Court on a possible conflict between the Government and Parliament sparked by the adoption of the law stipulating a 50% hike in teachers’ wages, Prime Minister Calin Tariceanu said Saturday.

Romania Has Not Reached European Targets On E-Waste Collection – Environ Min

14:01, 04 Oct. 2008

Romania collected 4,000 tons of electric and electronic waste by July this year, and has not met its European objective on this segment, Romania’s environment minister Korodi Attila said Saturday.

Romanian Foreign Ministry To Inform Nationals Abroad On Voting Procedure For Parliament Elections

13:36, 04 Oct. 2008

Romanians citizens abroad will be able to vote in the November 30 parliamentary elections in 221 polling stations, while 620,000 ballots will be sent to foreign countries, spokesperson of the Foreign Affairs Ministry Cosmin Boiangiu said.

Romanian Sea Ports Closed Due To Dense Fog

11:45, 04 Oct. 2008

Romanian maritime ports in Constanta, southeastern Romania, were closed Saturday morning due to dense fog, which caused minimum visibility for traffic.

Tax-Free Stock Mkt Gains To Lower Romania Budget Rev In ’09 –Fin Min

19:34, 03 Oct. 2008

The tax exemption for the Stock Exchange gains reported by the local and foreign investors will lower Romanian budget revenues by 68 million lei (EUR1=RON3.8720) in 2009, Ministry of Economy and Finance announced Friday.

Romanians To pay VAT Before Registering New Means Of Transportation

19:26, 03 Oct. 2008

The discount and VAT payment for purchases of transportation means within the community will be performed before the vehicle’s registration in Romania, to prevent the possibility, especially for individuals, of avoiding the tax.

Ctrl Bk Governor Urges Romanians To Save In Local Currency

19:25, 03 Oct. 2008

Romanian central bank governor Mugur Isarescu advices Romanians to spend less and save in local currency, as the drop in US savings has sparkled the problems which caused the recent turmoil in the international financial market.

Romanian Leu Plunges Vs Euro In End-Trade, Touches 3.92 Units

18:46, 03 Oct. 2008

The Romanian leu slipped against the euro in end-trade on Friday, touching 3.92 units, on hard currency buying orders from local and foreign investors, and amid low traded values, dealers said.

Code Yellow Flood Warning For 25 Romanian Counties

16:14, 03 Oct. 2008

Romanian hydrologists instated flood code yellow for 25 counties, starting Saturday and ending Tuesday afternoon, considering the potential effects of rains forecast for this weekend.

Romanian PM Visits Paris Auto Show

15:44, 03 Oct. 2008

Romanian Prime Minister Calin Tariceanu visited Thursday the Auto Show in Paris, together with businessman Ion Tiriac, to see the cars displayed and have official and unofficial talks.

Son Of Former Coach Of Romanian Football Team To Invest In Office Building In Bucharest

13:56, 03 Oct. 2008

The company Two Towers, indirectly owned by the Dutch investment fund MEI South East Europe and by the son of former coach of the Romanian national football team Anghel Iordanescu, will build an office building in the northern part of capital Bucharest, for EUR18 million.

Wage Hike Issue Sparks Clash Btw Romanian Politicians

13:39, 03 Oct. 2008

Members of the far-rightist Greater Romania Party (PRM) called on the Democratic Liberal Party (PDL) and the leftist opposition Social-Democratic Party (PSD) to submit a no-confidence motion to oust the government over wage hike issues, PRM’s secretary general Gheorghe Funar told a press conference Friday.