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Romania’s Govt Approves Third Budget Revision

18:48, 24 Sept. 2008
Romanian Government approved Wednesday the third budget revision in 2008, maintaining the budget deficit at 2.3% and increasing revenues by RON6.4 billion (EUR1=RON3.6690) and expenses by RON7 billion.

Romanian President Signs Decree To Dismiss Labor Minister

16:26, 24 Sept. 2008
Romanian President Traian Basescu on Wednesday signed the decree dismissing Paul Pacuraru from position of Labor Minister, the presidency said in a statement.

Romanian President Voices Out Deficiencies In Education, Healthcare Systems

15:58, 24 Sept. 2008
Romanian President Traian Basescu voiced out Wednesday, in his address in Parliament, the deficiencies in the country’s education and healthcare systems, saying the education system deepens the gap between children in rural and urban areas, while the healthcare system is inefficient.

Romanian Invest Fund Proprietatea To Contribute EUR10M To Pwr Distributors’ Shr Cap Hikes

14:57, 24 Sept. 2008
Romania’s investment fund Fondul Proprietatea will contribute some EUR10 million in the share capital increases of unprivatized power distribution branches of former monopoly Electrica, to keep its 22% in the companies, fund general manger Dana Lulache told a news conference Wednesday.

Nokia To Pay Local Mayoralty RON1.2M Per Year In Taxes

14:22, 24 Sept. 2008
The mayoralty in Jucu, northwestern Romania, will receive annually 1.2 million lei (EUR1= RON3.6690) from Finnish telecom giant Nokia, as payment for local taxes, buildings, land and salary taxes, which will be assigned to investments, mayor of the commune Jucu, Dorel Pojar said Wednesday.

Bucharest Citizens Might Be Spared A Cold Winter As Heating Debts Could Be Covered

14:01, 24 Sept. 2008
The director of Bucharest heating distributor RADET, Virgil Ramba, told MEDIAFAX that heating will not be cut in Bucharest this winter, as City Hall and the Government are currently “making efforts” to pay RADET’s debts to ELCEN, the country’s largest thermal energy producer.

Romania President Criticizes Country’s Failure To Use EU Funds

13:45, 24 Sept. 2008
Romanian President Traian Basescu criticized in his address to Parliament Wednesday the country’s poor absorption of European Union funds to modernize transport infrastructure.

Romania Vehicle Registration Proof Valid For Three Mos As Of Sept

12:48, 24 Sept. 2008
The validity of vehicle registration proof was extended up to three months, starting September, after the Romanian Automotive Registry (RAR) discussed the issue with the country’s Driving License and Car Registration Department (DRPCIV).

Romanian President Criticizes Lawmakers’ Failure To Wipe Out Corruption

12:39, 24 Sept. 2008
Romanian President Traian Basescu criticized lawmakers in his address in Parliament Wednesday saying political parties not only didn’t stick to their commitment to get the European Commission to stop monitoring the justice field, but also hindered prosecutors’ efforts.

Romanian CEC Depositors To Receive Compensations As Of Oct 30

11:54, 24 Sept. 2008
Romanians who deposited money in savings bank CEC to buy Dacia cars will receive compensations starting October 30, two months earlier than planned.

Romania’s Fondul Proprietatea To Sue Fin Ministry To Regain 20% Stake In Nuclearelectrica

11:42, 24 Sept. 2008
Romania’s investment fund Fondul Proprietatea intends to sue the Economy and Finance Ministry to regain the remaining stake until 20% in nuclear power operator Nuclearelectrica, after this had been lowered following several share capital hikes made by the nuclear plant.

Graffiti Artists Paint Bucharest Police Fence In Violence Prevention Campaign

11:40, 24 Sept. 2008
A group of graffiti artists will paint on panels surrounding the headquarters on the Bucharest Police Thursday starting noon, part of a violence prevention campaign, event organizers said.

Romanian President Vows To Work With Any Govt Up To Country’s Challenges

11:22, 24 Sept. 2008
Romanian President Traian Basescu told lawmakers Wednesday he will work with any government that is ready to take on the country’s challenges and does not serve oligarchic interests.

Tax On Revs From Stock Exchange Invests Might Be Eliminated In ’09 – Fin Min

11:14, 24 Sept. 2008
Romania’s Economy and Finance Minister Varujan Vosganian said Wednesday that the taxes on revenues resulted from stock exchange investments would be eliminated in 2009.

Romania’s Nuclearelectrica To List On Stock Exchange In 1H ‘09

10:22, 24 Sept. 2008
Romania’s state-owned nuclear energy company Nuclearelectrica will be listed on the Bucharest Stock Exchange in the first half of next year, Economy and Finance Minister Varujan Vosganian said Wednesday.

The Media Is Not A Power If It Partakes In Political Score Settling – Romanian Pres

20:51, 23 Sept. 2008
Romanian president Traian Basescu said Tuesday in an event organized by the American Chamber of Commerce in Romania that the media is no a power in society if it takes part in score settling between politicians, only if it performs social critique based on the actions of the state.

In A Neutral State The Parliament Does Not Choose Sides – Romanian Pres

20:02, 23 Sept. 2008
Romanian president Traian Basescu said Tuesday, in an event organized by the American Chamber of Commerce and attended by Prime Minister Tariceanu as well, that in a neutral state the Parliament does not issue laws to favor entities and the Government does not negotiate with groups of interests.

Romanian Inflation May Slow To 6% By Yr-End – Isarescu

19:53, 23 Sept. 2008
Romanian inflation is on a downward path and might even go as low as 6% by the end of the year, central bank Governor Mugur Isarescu said at a press conference Tuesday.

Romanian Bank System’s Solid Capitalization Protects It From Intl Crisis – Bker

18:39, 23 Sept. 2008
The Romanian banking system is less vulnerable to the international financial crisis as it has a solid capitalization and it is exposed solely on the local market, where yields are high, central bank governor Mugur Isarescu said Tuesday at a press conference.

Police Proceedings No Longer Required In Case Of Victimless Car Crashes As Of ‘09

17:13, 23 Sept. 2008
CASCO-insured Romanian drivers will be able to skip police proceedings from January 1, 2009 in case of traffic accidents resulting only in car damage, the country’s insurance regulator CSA said Tuesday.

Romanian Health Min To Temporarily Fill Labor Min Position

16:38, 23 Sept. 2008
Romanian health minister Eugen Nicolaescu told MEDIAFAX Tuesday that he accepted the prime minister’s proposition and will also fill the position of labor minister temporarily.

Romania, Third In EU By Petitions To European Parliament

16:28, 23 Sept. 2008
Romania ranks third among European Union states, after Spain and Germany, in terms of petitions submitted to the European Parliament.

Romanian Suspended Labor Min To Advise PM During Suspension Time

16:01, 23 Sept. 2008
Romania’s suspended labor minister Paul Pacuraru said discussions with the pension houses led to the conclusion that the recalculation of pensions for labor groups will not encounter changes.

Suspension Decision Is Politically Motivated, Unjust – Labor Min Pacuraru

15:39, 23 Sept. 2008
The decision of Romania’s president Traian Basescu to suspend the labor minister is “unjust and politically motivated,” the suspended labor minister Paul Pacuraru told a press conference Tuesday.

Low-Cost Airliners To Transfer Flights Onto Henri Coanda Airport Sept 29-Oct 12

14:32, 23 Sept. 2008
Low-cost airliners will transfer all their flights onto the International Airport Henri Coanda, between September 29 and October 12, as the airport Aurel Vlaicu in Baneasa is closed for maintenance works.

Romania Is EU’s Second-Most Corrupt Country – Transparency International

14:08, 23 Sept. 2008
Romania is no longer the most corrupt country in the European Union as in 2007, according to the most recent corruption perceptions index published Tuesday by Transparency International, which has Bulgaria filling that top spot.

ELCEN: Bucharest, Constanta Might Be Only Partially Supplied With Heat In ’08-’09 Winter

13:39, 23 Sept. 2008
Citizens in Romania’s capital city Bucharest and the southeastern city of Constanta might be only partially supplied with heat during this winter, due to the EUR450 million debts the two local units of heating company RADET have towards power producer Electrocentrale Bucuresti ELCEN.

Romanian PM Frowns On Used Car Purchases, Blames It On EU Laws

13:05, 23 Sept. 2008
The softened taxation system on used car purchases in Europe, which is backed by "loopholes" in the European Union legislation in the field, triggered an increase in used car imports and a decrease in new car sales, Romania‘s Prime Minister Calin Popescu Tariceanu said Tuesday.

Romanian PM, Suspended Labor Min Discussed Decision Effects

12:30, 23 Sept. 2008
Romanian Prime Minister Calin Tariceanu and labor minister Paul Pacuraru met Tuesday morning for half an hour to discuss the effects of the decree signed by President Traian Basescu, suspending Pacuraru from his position.

Romanian PM Sees Inflation Slowing To 4% In ’09

11:03, 23 Sept. 2008
Romania’s inflation is seen slowing in 2009 to a year-end rate of 4%, Prime Minister Calin Popescu Tariceanu said Tuesday.

Pro TV News Romania Wins First News Emmy Ever For Eastern Europe

10:28, 23 Sept. 2008
Romania’s Pro-TV News report “Any Idea of What Your Kid is Doing Right Now?” about abandoned children made history by winning the first News Emmy ever for Romania and for Eastern Europe, iemmys.tv reported.

Romanian Pres Suspends Labor Minister

01:25, 23 Sept. 2008
Romanian president Traian Basescu signed, Monday, the decree suspending labor minister Paul Pacuraru, liberal sources told MEDIAFAX.

Romania’s Econ Growth Might Slow Down In ‘09 – PM

01:12, 23 Sept. 2008
In the second half of the year, Romania will probably register 10% economic growth, but the growth of the GDP could slow down next year to a level below the 2008 results, said Prime Minister Calin Tariceanu in a national television talk show, regarding the effects of the U.S. financial crisis.

Romanian National Kidnapped In Egypt Released Without Ransom – Media

00:25, 23 Sept. 2008
The 19 people kidnapped by an armed group in Egypt have been released and they are safe, said Egyptian foreign affairs Ahmed Abdul Gheit, in New York.

Romania’s Distrigaz Sud Asks For 12% Hike For Household Gas Price

19:39, 22 Sept. 2008
Romanian gas distributor Distrigaz Sud requested on Monday a 12% increase for household gas prices as of October 1, due to higher distribution costs, the president of the industry commission within the Chamber of Deputies, Iulian Iancu told Mediafax.

Romanian National Allegedly Kidnapped In Egypt

16:33, 22 Sept. 2008
A group of tourists, including one Romanian, five Germans and five Italians, was kidnapped in the southern Egyptian city of Aswan, CNN reported.

Romania Romtelecom Launches Online Application To Keep Clients Updated

16:29, 22 Sept. 2008
Romania’s fixed-line operator Romtelecom, majority-owned by Hellenic Telecommunications Organization SA (OTE), said Monday it launched a charge free online application allowing its clients to benefit from real time details and information on phone bills and services.

Romanian Businessman Dorin Umbrarescu Mulls Wind Pwr Investments In Vrancea County

16:22, 22 Sept. 2008
Romanian businessman Dorin Umbrarescu has bought or leased a land surface of about 4,000 hectares near Adjud city, in central Romania county Vrancea, as part of his plan to install several wind power turbines.

Intl Fin Crisis Affects Sectors In Romania, Particularly Real Estate – Businessmen

14:25, 22 Sept. 2008
Global financial market turmoil will affect Romanian economy, particularly sectors with high debts, and the most exposed are the construction and real estate development sectors, which could hinder economic growth, officials of the Romanian business environment said.

Intl Econ Crisis To Slightly Impact Romanian Mkt –BCR Pres

13:18, 22 Sept. 2008
The international economic crisis will slightly impact, on a short-term basis, the Romanian market, due to its ‘isolation’ and the fact that the central bank took all needed measures to prevent any negative effects, the president of Banca Comerciala Romana, or BCR, Dominic Bruynseels said Monday.