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Energias De Portugal Group Buys Two Romanian Wind Power Cos For EUR8.4M

15:06, 19 Oct. 2008
Energias de Portugal Group (EDP), the world's fourth-largest wind project developer, paid EUR8.4 million to Cyprus-based Renovatio Group Limited for 85% of shares in Romanian companies Renovatio Power and Cernavoda Power, which unfold wind power projects totaling 736 megawatts (MW).

Bucharest District 4 Mayor Sacks Community Police Dept Heads

19:01, 18 Oct. 2008
Bucharest district 4 mayor Cristian Popescu Piedone on Saturday sacked the heads of the district’s Community Police Department, following a sudden checkup at the police precincts, which revealed over police cars had not been used for over three months.

Romania Finds Solution To Drug Supply Crisis

18:04, 18 Oct. 2008
Romania’s Health Ministry and the Romanian Association of International Drug Producers (ARPIM) on Saturday decided to recalculate drugs’ entry price into the country so that drug prices, the insurance budget and the prices of compensated drugs will not be affected.

Romanian Democrat Liberal VP Urges Caution In Public Spending

15:49, 18 Oct. 2008
Theodor Stolojan, vice-president of Romania’s Democratic Liberal Party (PDL) said Saturday that Romania could be affected by the international financial crises unless prudential measures are taken in this respect.

EXCLUSIVE: Romanian Anticorruption Prosecutors Probe High Official In Graft Case

15:12, 18 Oct. 2008
Romanian anticorruption prosecutors launched a probe against media mogul and politician Dan Voiculescu for alleged influence peddling in the file concerning the privatization of the Food Research Institute (ICA).

Two Romanians Die Following Explosion In Spain

19:58, 17 Oct. 2008
Two Romanian citizens died on Friday, in the locality Ledanca, Guadalajara, following an explosion at a gasoline warehouse located in a car park on the highway A-2.

Romanian President Might Choose Not To Promulgate Teachers’ Wage Hike Law – Minister

17:00, 17 Oct. 2008
Romanian labor minister Mariana Campeanu said Friday that president Traian Basescu might not promulgate the law raising teachers’ wages considering he called for prudence in the context of the international financial crisis the day before.

Romania’s Car Tax Revenues To Decrease With Lower Car Sales – Minister

16:36, 17 Oct. 2008
Romania’s revenues from the pollution tax on cars reached 80 million lei (EUR1=RON 3.7353) in the two months since the tax was instated and are seen lower over the next few months following fewer car sales, environment minister Attila Korodi said Friday.

Romanian Democrat Liberal VP Crashes PM In Public Sector Wage Scandal

16:24, 17 Oct. 2008
Cezar Preda, vice-president of Romania’s Democratic Liberal Party (PDL) said Friday, following talks on public sector wages between the government and officials of political parties, that PDL would not get involved with the work group Prime Minister Calin Tariceanu wishes to set up in this respect.

Nokia’s Romanian Unit Employees Demand 50% Wage Hike

15:56, 17 Oct. 2008
Members of the Nokia Romania Free Union demanded Friday a 50% wage raise and the granting of a loyalty bonus of 1% for each year of employment at Finnish mobile giant Nokia’s plant in Jucu, in the northwestern Romanian county of Cluj.

Interim Romanian Police Chief Suspends Procurement Contract Pending Investigation Completion

15:02, 17 Oct. 2008
The interim chief of Romanian Police, Gheorghi Plai, said Friday that procedures have been unfolded for the suspension of the procurement contract targeting police cars, pending the completion of investigations by the National Anticorruption Department.

Romania 6th In The EU On 7-Mo Trade Def – Eurostat

15:00, 17 Oct. 2008
Romania ranks on the sixth position in the EU by the seven-month trade deficit, with a gap of EUR12.9 billion, similar with Portugal's, according to the European Statistics Institute, or Eurostat.

Romanian PM Calls For Work Group On Wage Law

15:00, 17 Oct. 2008
Romanian Premier Calin Popescu Tariceanu on Friday urged for the establishment of a work group to draw up a series of minimum requirements regarding the bill on wages in the public sector.

Romanian Pres Fears State Money Are Placed In Bks With Problems – Sources

14:52, 17 Oct. 2008
Romanian president Traian Basescu told bankers he was afraid that the state’s money might be placed in financial institutions that have problems, a source close to the talks said Friday.

Romanian Pres Invites Bks, Govt For Talks Over Limiting Intl Crisis Effects

14:34, 17 Oct. 2008
Romanian president Traian Basescu invited the National Bank of Romania and the lenders’ representatives to discuss with the government on ways to limit the negative effects of the international financial crisis.

Romanian Ambassador To Israel Says Romanians Not Held Hostage In The Caribbean

14:24, 17 Oct. 2008
The four Romanians who are allegedly among a group of foreigners, mostly Israelis, held hostage by disgruntled Chinese laborers on isolated Caribbean island, were never in danger and were never taken hostage, the public Romanian radio said citing the Romanian ambassador to Tel-Aviv.

Greater Romania Party Wants To File No-Confidence Motion To Bring Down Tariceanu Govt

14:04, 17 Oct. 2008
The Greater Romania Party is preparing a no-confidence motion to bring about the fall of the current Government led by Calin Tariceanu, and will ask for the support of the democrat liberals and the social democrats for obtaining the sufficient number of signatures, senator Gheorghe Funar said.

Romania’s Money Mkt Rates Up To More Than 45% On High Demand

13:16, 17 Oct. 2008
Romanian money-market interest rates soared Friday to more than 46% on foreign investors’ high demand for local currency as investors expect the Romanian currency to depreciate in the following period.

Romanian Econ Unable To Support Teacher’s Pay Hike – PM

12:31, 17 Oct. 2008
Romania’s budget cannot sustain the 50% pay hike for teachers voted in parliament and the measure is likely to trigger a major economic crisis, Premier Calin Popescu Tariceanu said Friday.

Romanian Justice Ministry Says Parliament To Blame For Company Law Infringement

12:30, 17 Oct. 2008
The Romanian Ministry of Justice said Friday it sent the Parliament amendments harmonizing company laws with EU rules ever since June, but lawmakers failed to adopt the changes on lack of quorum.

Romanian Leu Opens Higher Vs Euro On Positive Sentiment

11:32, 17 Oct. 2008
The Romanian leu opened higher against the euro Friday, amid high traded volumes, in line with the positive trend of currencies in emerging markets.

Romania’s Sacked Police Chief Denies Any Wrongdoing

11:18, 17 Oct. 2008
Romania’s freshly sacked Chief of Police Gheorghe Popa said Friday he was forced to sign the procurement contract to buy police cars, over which he lost his job, or he would have faced severe financial sanctions.

Romanian Shrs Open Higher On Positive Intl Trend

10:50, 17 Oct. 2008
Romanian shares opened higher Friday, following the positive trend on international markets, with the five regional investment funds, or SIFs, gaining ground.

Four Romanians Among Hostages In Caribbean

10:47, 17 Oct. 2008
Four Romanian citizens are part of a group of 17 foreigners, mostly Israelis, held hostage by disgruntled Chinese laborers on isolated Caribbean island, said Israel's ambassador to the Dominican Republic, Amos Radian, cited by Ynetnews.com

Romania Avioane Craiova Employees Resume Protests, Call For Exec’s Resignation

10:43, 17 Oct. 2008
A couple of hundred employees with Romanian plane maker Avioane Craiova resumed protests Friday morning, calling for the resignation of company manager Anatolie Boldisor.

Romanian PM Sacks Chief Of Police Over Faulty Procurement Mgmt

09:58, 17 Oct. 2008
Romanian Prime Minister Calin Tariceanu signed Thursday evening a decision dismissing Chief of Police, Gheorghe Popa, the government said in a statement.

Romanian Pres to Meet With Ctrl Bk Governor Friday, 11:00 Local Time – Ctrl Bk

20:34, 16 Oct. 2008
Romanian president Traian Basescu will meet Friday morning, at the central bank headquarters, with central bank governor Mugur Isarescu, the members of the central bank managing board and the presidents of commercial banks, in order to discuss the conclusions of the European Council.

Romanian Interior Min Asks PM To Sack Police Chief

19:30, 16 Oct. 2008
Romanian interior minister Cristian David asked Prime Minister Calin Tariceanu to dismiss the chief of Romanian Police, Gheorghe Popa, on grounds of faulty management in the unfolding of police car procurement.

Romania’s Carmaker Dacia Launches Revamped Logan MCV On The Local Mkt, On Oct 23

18:18, 16 Oct. 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR) launches in Romania its car model Logan MCV facelift, on October 23, after having it displayed in the Paris Auto Show in the beginning of this month.

EC Warns Romanian Prv Auth On Distrigaz, Electrica Sale Terms – Sources

17:13, 16 Oct. 2008
European Commission warned Romanian Privatization Authority AVAS that some terms in the sale contracts of local gas and electricity distributors Distrigaz Sud, Nord and Electrica Dobrogea, Banat could breach the EU norms, by conferring special rights to the state, AVAS sources told MEDIAFAX Thursday

Romanian Citizens To Be Able To Discount Medical Expenses Made In Hungary

16:35, 16 Oct. 2008
Romanian citizens will be able to discount their medical expenses made in Hungary, for treatment or surgery, according to a plan of measures initiated by the health ministers of Romania and Hungary, who will have a joint meeting in Szeged next week.

Gwyneth Paltrow’s Necklace, Demi Moore’s Bag To Be Auctioned Off For Charity In Bucharest

15:36, 16 Oct. 2008
A diamond necklace that belonged to Gwyneth Paltrow and Demi Moore’s Versace HIT bag will be auctioned off for charity at the fourth edition of the Halloween Charity Ball to take place at the Parliament Palace in Bucharest on October 25.

Economic Crisis To Hit Us If We Don’t Show Prudence – Romanian President

15:32, 16 Oct. 2008
Although the current financial crisis has not affected Romania, its follow-up won't spare the country unless prudence is shown, Romanian President Traian Basescu said Thursday in Brussels.

Romanian Senator Quits Politics For Curt Of Accounts

15:04, 16 Oct. 2008
Romanian far-right senator Verginia Vedinas said Thursday she is quitting politics and her career as a lawyer to work as a council member at the Court of Accounts for the next nine years.

Romanian Homeowners Press For Promotion Of Law On Nationalized House

14:32, 16 Oct. 2008
A few hundreds of homeowners on Thursday rallied in front of the Romanian presidential Cotroceni Palace to press for promotion of the current form of the Law on nationalized houses.

Banks’ Denigration Might Be Punishable Under Criminal Law

14:30, 16 Oct. 2008
The president of Romanian Bank Association ARB, Radu Gratian Ghetea said Thursday that he talked with Justice Minister Catalin Predoiu about introducing in the Criminal Code a stipulation to punish banks’ denigration.

Porsche Romania To Launch Audi Q5 On Local Mkt Nov 12

14:22, 16 Oct. 2008
Porsche Romania, importer of Audi brand on the local market, will launch the compact Q5 SUV (Sport Utility Vehicle) on Nov 12 and the new V 12 engine for the Q7 SUV at a later date, Audi brand manager in Romania, Mihai Halmagianu, said Thursday at the launch of A6 facelift on the local market.

EC Pursues Infringement Against Romania Over Company Law

14:20, 16 Oct. 2008
The European Commission decided to pursue infringement procedures against Romania and four other member states over failure to transpose into national law a Directive simplifying the raising of capital and the restructuring of capital ownership in public limited liability companies.

Top Communist-Era General Wants 15 Yr Jail Term Lifted

13:38, 16 Oct. 2008
Former high-ranking general Victor Athanasie Stanculescu, sentenced to 15 years in prison Wednesday for his role in the killing of in demonstrators during the 1989 anti-communist revolution, asked that his jail term be lifted.

Romania Avioane Craiova’s Exec To Step Down Oct 22 – Official

12:36, 16 Oct. 2008
Local authorities in Romanian southern county of Dolj on Thursday assured Avioane Craiova’s employees, who staged a protest over non-payment of salaries, that company manager Anatolie Boldisor will step down from his position during the shareholders’ meeting due for Oct. 22.