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Romanian Stocks Continue Fall After Trading Resumes

11:44, 27 Oct. 2008
The Romanian shares extended their losses on Monday, after trading on the Bucharest Stock Exchange resumed following a half an hour halt.

Romanian Stock Exch Suspends Trading At GMT0838

11:23, 27 Oct. 2008
Romania’s Bucharest Stock Exchange suspended trading on Monday, at GMT0838, for half an hour, on a steep decline of the main shares.

Romania, Hungary And Sweden To Build “Fairytale Villages”

17:34, 26 Oct. 2008
Local authorities from three counties in Romania, Hungary and Sweden plan to implement a joint project called “The Fairytale Village” aimed at helping children learn cultural and traditional elements of the three countries.

SMURD Bucharest Squads Respond To Half Of Emergency Calls In Romania – Official

15:54, 26 Oct. 2008
Bucharest SMURD emergency rescue services have responded to half of the emergency calls in Romania in 2008, with nearly 11,000 interventions on the field, the chief of Bucharest Inspectorate for Emergencies, Aurel Udor told Mediafax in an interview.

Romanian PM Sees Inflation Exceeding 10% In ‘09

14:04, 26 Oct. 2008
Romania’s annual inflation growth might exceed 10% in 2009, following unrealistic wage increases in the public sector, Premier Calin Popescu Tariceanu said Saturday.

Romanian President Promulgates Pension Law

18:56, 25 Oct. 2008
Romanian President Traian Basescu on Saturday announced he promulgated a law hiking pensions for labor groups 1 and 2 as of January 1, 2009.

Romanian President Stars In Cheap Drama On Salary Hike – PM

18:35, 25 Oct. 2008
Romanian Premier Calin Popescu Tariceanu on Saturday said he witnessed a cheap drama, in which President Traian Basescu asked him additional data on the economic impact of salary raises, only to show that he was more interested in the upcoming elections than in the country’s welfare.

PM: Intl Fin Crisis Triggers Caution About New Invests In Romania

17:05, 25 Oct. 2008
Both local and foreign investors show caution in launching new businesses in Romania due to the international financial crisis, and many investments will most likely be postponed until the crisis fades away, Romanian Premier Calin Popescu Tariceanu said Saturday.

Romanian Govt Considers Ordinance To Block Teachers’ Pay Hike – Min

15:29, 25 Oct. 2008
The Romanian government considers an emergency Ordinance to block the bill hiking teachers’ wages, recently promoted by President Traian Basescu, Defense Minister Teodor Melescanu said Saturday.

Ricochet Hits Police Woman In Brasov Confrontation, C. Romania

14:23, 25 Oct. 2008
One suspect and a woman police officer were shot as police tried to restore public order outside a restaurant in Brasov city, center Romania, authorities said Saturday.

Romanian Democrat Liberals Call For No-Confidence Vote If Govt Blocks Teachers’ Wage Hikes

12:11, 25 Oct. 2008
Romanian democrat liberal leader Emil Boc said Saturday the party will call for a no-confidence vote in parliament if the government takes responsibility for a law blocking the 50% wage hike for teachers which the head of state passed Friday.

The Parties Wishing For Salary Hikes Will Up Taxes – Romanian PM

22:00, 24 Oct. 2008
Romanian Prime Minister Calin Tariceanu warned Romanians, Friday evening, on the intentions of parties that promote 50% salary hikes. He said the leaders of these parties will later implement higher taxes, in order to secure funding necessary for these salary increases.

Teacher Salary Hikes Are Unacceptable – Romanian PM

20:56, 24 Oct. 2008
Romanian Prime Minister Calin Tariceanu asked politicians and union leaders to understand that a the 50% hike in teacher salaries will have a catastrophic effect on the economy, and added Romania cannot afford to apply such an irresponsible measure.

Romania Govt Postpones Meeting On Teacher’s 50% Pay Hike For Next Wk

19:37, 24 Oct. 2008
The Romanian government will meet next week to discuss the implications of President Traian Basescu’s decision to promulgate the law raising teachers’ wages by 50%, Culture Minister Adrian Iorgulescu said Friday.

Romanian Liberal Leaders Reunite To Talk Teacher Salary Hike Aftermath

19:36, 24 Oct. 2008
Romanian liberal leaders and ministers will reunite, Friday evening, in a meeting with the party president, Prime Minister Calin Tariceanu, to discuss the situation created when the head of state promulgated the law increasing teacher salaries by 50%.

Romanian 16-Year Old Boy Killed In After School Brawl

18:59, 24 Oct. 2008
One Romanian 16-year old school boy died, Friday afternoon, after fighting with a schoolmate in the central park of the locality Strehaia. The two argued because the victim made fun of the aggressor’s stutter.

Board Of Nokia Factory In Romania Offers 5% Wage Hike

17:22, 24 Oct. 2008
The management of the Romanian unit of the Finnish mobile giant Nokia proposed a 5% wage increase for the employees at the central Romanian factory in Jucu, in the Friday negotiations with the factory's union, which prior demanded a 50% raise.

Romania’s Rompetrol Cuts Pump Prices By RON0.07/Liter

17:19, 24 Oct. 2008
Romania’s second-largest oil company Rompetrol Group NV will cut Saturday its pump prices by 0.07 lei (EUR1= RON 3.6875) per liter, for the second day in a row, the company said in a statement.

Romanian Car Mkr Dacia Temporarily Halts Production To Meet Demand

17:17, 24 Oct. 2008
Romanian car maker Dacia will halt production at the Mioveni plant on October 30 and 31, as well as on November 13 and 14, to correlate production with commercial demand, the company announced Friday.

Romanian Mountain Climber Leaves To Conquer Highest Mexican Peak With 2 Colleagues

16:33, 24 Oct. 2008
Teodor Tulpan, the first Romanian citizen who reached the top of Mount Everest in 2003, will leave on a six-week expedition to climb to the highest Mexican mountaintop, the Orizaba Peak, together with two colleagues.

Bucharest Stock Exch Suspended Trading at 1041GMT

14:56, 24 Oct. 2008
Bucharest Stock Exchange's Council suspended Friday, at 1041GMT, the trading for 30 minutes, after most stocks fell 15%.

All Romanian Public Sector Employees Demand 50% Wage Hikes, Threaten Street Actions

14:51, 24 Oct. 2008
All Romanian public sector employees, except staff in the education system, said Friday they demand 50% wage hikes and they will start ample street protests and general strikes to last indefinitely, after the head of state passed a law hiking teachers’ wages.

Romanian Govt Can Adopt Any Act To Counter Teachers’ Wage Hike Law – Govt Official

14:34, 24 Oct. 2008
The Romanian government will thoroughly analyze the implications of the teachers’ wage hike law, which president Traian Basescu passed Friday, and can adopt any normative act in this respect as it still considers the move is unsustainable unless all investments are canceled.

Leu Sharply Dn, After Romanian Pres OKs Wage Hike For Education Employees

14:29, 24 Oct. 2008
The Romanian currency depreciated strongly against the euro Friday, being traded at 3.7250 units aganinst the European currency, after Romania's president Traian Basescu announced he approved the 50% wage hike for education system employees, starting with October 1.

Businesspeople Ask Romanian Auth To Set Up Plan To Alleviate Fin Crisis Impact

14:28, 24 Oct. 2008
The Romanian Businesspeople Association (AOAR) suggests authorities to enable 5% VAT reduction for buying the first house, a minimum 100% increase of the volume of road infrastructure works, financial insurance and stimulatory payment for work force, to alleviate the impact of the economic crisis.

Education, Labor Mins Decline To Comment On Teachers’ Wage Hike Law Promulgation

14:08, 24 Oct. 2008
Romanian education minister Anton Anton told MEDIAFAX Friday that he doesn’t wish to comment on President Traian Basescu’s decision to promulgate the law raising teachers’ wages by 50%, but he observes all laws.

Romanian Pres OKs 50% Wage Hike For Education System Employees -2-

14:04, 24 Oct. 2008
Romanian president Traian Basescu approved on Friday a 50% wage hike for education system employees, a law that the government warned would jeopardize economic stability.

Romanian Health Min Promises Wage Hike Plan By Nov 3

13:34, 24 Oct. 2008
Romania’s health minister Eugen Nicolaescu promised healthcare unions Friday he would come up with a wage hike plan for employees in the system by November 3.

Romanian Education Unionists Threaten Govt With “Unpleasant Surprise” If PM Blocks Wage Law

12:55, 24 Oct. 2008
Romanian education sector unionists, who met Friday for talks with President Traian Basescu, said they are optimistic the head of state will promulgate the law increasing teachers’ wages by 50%, but added the government is in for a nasty surprise if the prime minister blocks law enforcement.

Romanian Far-Rightists Want National Referendum To Outlaw Magyar Democratic Union

12:52, 24 Oct. 2008
The far-right Greater Romania Party asks president Traian Basescu to have consultations with the Parliament and to establish by decree a national referendum due for November 30, to outlaw the Magyar Democratic Union (UDMR), which backs the autonomy of the Szekler County, senator Gheorghe Funar said.

Romanian Education Unions Confident President Will Pass Law Hiking Teachers’ Wages

10:57, 24 Oct. 2008
Romanian education sector unionists, who meet Friday for talks with President Traian Basescu, said they are optimistic the head of state will promulgate the law increasing teachers’ wages by 50%.

Romanian President: I Take Liberties Beyond Those Imposed By My Office

20:55, 23 Oct. 2008
Romanian President Traian Basescu on Thursday said at the manifestations celebrating 52 years from the Hungarians’ anti-Soviet revolution that he understands the need for freedom of all Romanians, regardless ethnicity, as he himself has sometimes taken liberties beyond the ones imposed by his position.

Vandals Desecrate 200 Jewish Graves In Bucharest

20:11, 23 Oct. 2008
The Federation of Jewish Communities in Romania on Thursday filed an official complaint at the Ministry of Justice over desecration of several hundreds of graves in a Bucharest cemetery.

Romanian Teachers’ Wages To See 9% Hike – Min

19:19, 23 Oct. 2008
Romanian teachers benefit from a 9% wage hike as of October 1, higher than initially announced, the Ministry of Education said Thursday.

Romanian Ctrl Bk Warns Won’t Publish Money Mkt Indices, On Bks Misconduct

18:57, 23 Oct. 2008
The National Bank of Romania has requested seven banks to return to normal inter-bank interest rates and said it might temporarily suspend the publication of the inter-bank bid/offer indices ROBID/ROBOR, if ROBOR exceeds by more than 25% the Lombard rate, the central bank said in a statement.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.05, RON0.03 Per Liter

18:28, 23 Oct. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its gasoline and diesel oil pump prices by 0.05 lei (EUR1=RON3.6140) per liter, and RON0.03 per liter, respectively, the company said in a statement.

Romanian Products Must Be Competitive To Enter Russian Market – Embassy Official

17:03, 23 Oct. 2008
Romanian companies must be competitive to be able to enter the Russian market, as some products made in Romania are 30% more expensive than those in Russia, although they have the same technical features, said Igor Sidorov, councilor with the Russian Federation Embassy in Romania.

Romanian Social Democrats Urge President To OK Teacher Salary Hikes

16:16, 23 Oct. 2008
The Romanian social democrats reminded president Traian Basescu that Friday is the deadline for a decision on the law hiking teacher salaries, and added Basescu promised to promulgate this law, the party said in a press release Thursday.

Romania ArcelorMittal’s Unionists Seek 32.3% Pay Raise

16:16, 23 Oct. 2008
Trade unions with Romanian steel producer ArcelorMittal Galati, unit of UK-based giant ArcelorMittal, on Thursday said will ask for a 32.3% salary raise at the negotiations for the 2009 collective labor contract due for October 24.

Romanian Govt-Run Agency Heads Earn Up To RON13,838, Drivers Get Up To RON3,517

15:36, 23 Oct. 2008
Managers of Romanian government-run agencies received monthly net wages ranging from 4,375 lei (EUR1=RON3.6140) to RON13,838 including bonuses, while archive staff, cashiers and drivers in these institutions earned up to RON3,517 in the first nine months of 2008.