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Romania’s Econ Min Control Dept To Check Fund Spending At Pitcoal Co

15:41, 16 Nov. 2008
Romania’s economy and finance minister Varujan Vosganian said Sunday that the control body of his ministry would check the way funds assigned to the national pitcoal company CNH were used.

W Romania Mine Leadership Suspended In Blasts Aftermath –Fin Min

13:33, 16 Nov. 2008
The leadership of Petrila mine in Hunedoara county, western Romania, was suspended Sunday following the tragic incidents on Saturday when twelve miners died and other thirteen were severely injured, economy and finance minister Varujan Vosganian announced Sunday.

Twelve Dead In Powerful Blasts At W Romania Mine

21:12, 15 Nov. 2008
Twelve miners died and other eleven were committed to hospital Saturday following two powerful blasts at a mine in Petrila, Hunedoara county, western Romania, Petrila mayor, Ilie Paducel, said Saturday.

Russia To Supply Romania With Power Produced At Moldovan Plant

16:45, 15 Nov. 2008
Russian power group Inter Rao signed an agreement with Moldovan state-owned company Moldelectrica aiming to supply Romania with electric power produced at its Moldavskaya GRES plant in Transdniester, a press release of the Group read.

Fitch Expects Romania To Adopt Euro No Sooner Than 2015

19:38, 14 Nov. 2008
Fitch Ratings agency said Friday it does not expect Romania to adopt euro sooner than 2015, citing risks in attaining real and nominal convergence.

Fitch Says Global Econ Slump To Hit Romanian Banks

19:33, 14 Nov. 2008
Fitch Ratings agency said Friday in a report that the global financial turmoil has increased the risks for Romanian banks, as banks’ funding will shrink, the cost of funding will rise, which would result in slower economic activities, higher impaired lending and lower profitability.

Local Authorities Willing To Give Kraft Larger Land To Keep Business In Romania

17:10, 14 Nov. 2008
Local authorities in Brasov, central Romania, are willing to offer candy and coffee maker Kraft Foods a larger plot of land in the city to keep it from relocating its business outside Romanian borders.

Romania’s Protan Can Continue Activity At Popesti Leordeni – Court Ruling

15:38, 14 Nov. 2008
The Popesti Leordeni unit of Romanina non-hazardous waste collector Protan can continue activity, as the Bucharest Court suspended the decision reached by the Bucharest Regional Agency for Environmental Protection ceasing the activity at the unit.

Romania Health Min Angry With Downbeat EU Health Consumer Top

14:30, 14 Nov. 2008
The 2008 Euro Health Consumer Index does not have a clear methodology, it includes contradictory data and it makes impermissible remarks about the Romanian healthcare system, Health Minister Eugen Nicolaescu said Friday.

Romanian Carmaker Dacia’s Dealers Might Be Driven Out Of Business – Official

14:27, 14 Nov. 2008
Sharp decreases in new car sales because of massive used car imports might force several dealers of Romanian carmaker Dacia to scrap jobs or even drive them out of business if the situation worsens.

Romania-Bulgaria Border Crossing Bridge Toll To Decrease 30% As Of Jan 1, 2009

13:25, 14 Nov. 2008
The toll for the crossing of the Giurgiu-Ruse bridge at the border between Romania and Bulgaria will be lowered by 30% as of January 1, 2009, said Friday Stefan Szobotka, communication manger of the Romanian national roads and highways company, or CNADNR.

Romania Might Terminate Bechtel’s Contract Unless It Fixes Damaged Segment

13:14, 14 Nov. 2008
Romanian authorities might terminate their contract with U.S. company Bechtel for the Transylvania Motorway if the constructor refuses to pay repair costs at the road segment affected by landslides, Transportation Minister Ludovic Orban said Friday.

Sixteen Romanian Soldiers In Mission Abroad Retuned Home On The Rack – Def Min

13:11, 14 Nov. 2008
Sixteen Romanian soldiers deployed abroad on various missions had to return home in recent months and years before completing their missions due to severe diseases, such as paralysis, dermatitis, disc hernia, conjunctivitis, diabetes and tumors, the country’s Defense Ministry informed.

Romanian Education Unionists Call Of General Strike Set For Nov 18

12:43, 14 Nov. 2008
Romanian unions in the education sector said Friday they called off the general strike they planned to start on November 18, but are set to resume protests unless the country’s future government applies the law which raises teachers’ wages by 50%.

Court Rejects Romanian Art Museum Appeal To Suspend Ceausescu’s Estate Return

12:40, 14 Nov. 2008
The Bucharest Court of Appeals on Friday found no grounds to suspend proceedings for the return of Nicu Ceausescu’s estate to his brother, Valentin and rejected the National Art Museum’s request in the matter.

Romanian Healthcare Unionists, Health Ministry Signed Wage Hike Agreement

12:22, 14 Nov. 2008
Romania’s Sanitas union federation of healthcare employees signed an agreement with the Health Ministry Friday stipulating wage increases of at least 10% in 2009 for employees in the system.

Romanian Pres Passes Law Approving Govt Ordinance On Former Secret Police Files

20:55, 13 Nov. 2008
Romanian President Traian Basescu Thursday promulgated the law adopting the Government Emergency Ordinance regulating the activity of the National Council for the Study of Securitate Archives, or CNSAS.

Romania’s Highest ’07 Annual Salary At RON4.14M

20:04, 13 Nov. 2008
The largest annual salary paid in Romania in 2007 stood at 4.14 million lei (EUR1=RON3.8121) and was received by an employee in a energy trading company, according to data provided by the Fiscal Authority ANAF.

Romanian Govt Creates Aeronautics R&D Institute

20:00, 13 Nov. 2008
The Romanian government approved, in the Wednesday meeting, the creation of the National Institute for Aero-Spatial Research and Development “Elie Carafoli,” the only aeronautics research and development institute in Romania, said the Ministry of Education, Research and Youth.

Banks In Romania Either Revive Lending Or Shut Dn – Fincl Analyst

16:32, 13 Nov. 2008
Banks in Romania will have to revive their lending activity in the next period, otherwise they will be forced to sack part of personnel or even shut down, former banker Dragos Cabat, currently a financial adviser in Financial View company, said Thursday.

Mediafax Journalist Indira Crasnea Elected Romanian Press Club President

15:55, 13 Nov. 2008
The Romanian Press Club’s general assembly elected Thursday Indira Crasnea as president of the institution for a two-year mandate.

Romanian Waste Collector Protan Won’t Halt Activity – Agr Min

15:16, 13 Nov. 2008
Romanian agriculture minister Dacian Ciolos said Thursday that non-hazardous waste collector Protan SA won’t halt its activity in all eight branches nationwide to protest against the non-payment of over EUR4 million owed subsidies, as the company still has to observe its contract.

Romanian PM Reiterates Govt’s Plan To Counter Economic Crisis

15:03, 13 Nov. 2008
Romanian Prime Minister Calin Tariceanu reiterated Thursday that the government has a plan to stimulate investment, protect jobs and the banking system to counter the effects of the international financial crisis.

Remittances From Romanians Abroad To Reach $9B In ’08 – World Bank

15:00, 13 Nov. 2008
Remittance flows of Romanians working abroad will rise this year to $9 billion, compared with $6.8 billion as estimated for 2007, ranking the country on the 8th position in the top 10 recipient countries worldwide, according to a World Bank study.

Bucharest Court Arrests One Of The Two City Hall Bribery Suspects

14:58, 13 Nov. 2008
The Bucharest Court issued a 25-day arrest warrant for one of the two City Hall clerks detained by the National Anticorruption Department on charges of soliciting bribery.

Romania Might Use Road Section On Transylvania Highway In Nov ‘09

13:59, 13 Nov. 2008
Forty kilometers on the Campia Turzii-Gilau section of Romania’s Transylvania Highway, linking central Brasov to western Bors, will be ready to use in November 2009 if two connection roads with northwestern Cluj-Napoca are completed in due time, highway project manager Radu Gaspar said Thursday.

Romania’s Bucharest-Danube Canal Might Cost EUR500M – Official

13:45, 13 Nov. 2008
The canal linking Danube river and Romania’s capital city Bucharest might cost around EUR500 million, but its exact value will be established after the completion of the feasibility study, Ovidiu Cupsa, general manager of the national navigable canals authority ACN, said Thursday.

Romanian PM Says He Warned 6 Mo Ago That Used Car Imports Would Hit Jobs

13:44, 13 Nov. 2008
Romanian Prime Minister Calin Tariceanu said Thursday that he warned months ago that excessive used car imports would kill jobs in the local auto industry.

Romania 10 Mo Used Car Registrations Doubled On Yr, New Car Registrations Dn 2.4%

11:45, 13 Nov. 2008
The number of used car registrations in Romania increased 104.8% on the year in the first ten months, to 205,086 cars, while new car registrations decreased 2.4%, to 252,935 cars.

Romanian Car Mkr Dacia Halts Production On Nov 13, 14

10:44, 13 Nov. 2008
Romanian car maker Dacia will halt production on November 13 and 14 at its plant in Mioveni, southern Romania, after it previously halted operations on October 30 and 31, citing lower demand on the local and export markets.

Head Of Control Dept Within Romanian Govt Resigned – Sources

19:38, 12 Nov. 2008
Emanoil Negut, the head of the Control Department within the Romanian Government, resigned from his position, and Prime Minister Calin Tariceanu signed the decision ceasing his mandate through bilateral agreement, Government sources told MEDIAFAX.

Romanian Govt Reminds New Decree On Teachers’ Wages Is Effective

17:16, 12 Nov. 2008
The Romanian government said Wednesday it will wait for the Constitutional Court’s motivation on its ruling regarding the decree postponing a 50% pay increase for teachers, which the government had annulled in the meantime, government spokeswoman Camelia Spataru said.

European Commission Heralds New Dawn For The Curvy Cucumber

16:51, 12 Nov. 2008
Curvy cucumbers and wonky fruit and vegetables will return to European Union markets unrestricted, according to a proposal of the European Commission to repeal standards for 26 types of fruit and vegetables in its “ongoing efforts to streamline and simplify EU rules and cut red tape".

Kraft Foods Shuts Down Romanian Chocolate Factory By End 2009

16:50, 12 Nov. 2008
Candy and coffee maker Kraft Foods Romania will shut down its chocolate factory in Brasov, central Romania, and will relocate activity to other units.

Romanian Const Court Deems Unconstitutional The Referendum – Elections Law

16:26, 12 Nov. 2008
Romania's Constitutional Court accepted Wednesday president Traian Basescu’s notification on the law stipulating that referendums can be held in parallel with the presidential, parliamentary or European Parliament elections.

More Than 30% Of Romanian Lawmakers Did Nearly Nothing In Past Mandate – Study

16:11, 12 Nov. 2008
The activity of more than one third of Romanian lawmakers was poor, even insignificant, over the past four years, according to a report issued Wednesday by the Romanian institute "Qvorum".

Romanian Const Court Deems Unconstitutional Annulled Govt Decree

15:11, 12 Nov. 2008
Romania’s Constitutional Court ruled Wednesday that the government decree postponing a 50% raise in teachers’ wages was unconstitutional, even though the government notified the court Tuesday it had repealed the decree.

Romania’s 9-Mo Curr Acct Def Widens 14.75% On Yr To EUR12.7B

15:03, 12 Nov. 2008
Romania’s current account deficit soared 14.75% on the year in January-September, to EUR12.7 billion, from EUR11.07 billion in the same period a year earlier, driven by a wider trade deficit, the central bank said in a statement Wednesday.

State Funds Are Insufficient For Bucharest’s Future Airport – Romanian Official

15:01, 12 Nov. 2008
Romania’s future airport in the south of capital city Bucharest cannot be built from state funds alone, according to Sorin Stoicescu, air flotilla general and former head of the Civil Aviation Department within Romania’s Transport Ministry.

Bucharest Mayor To Meet With Disgruntled Cab Drivers Thursday

14:06, 12 Nov. 2008
Bucharest general mayor Sorin Oprescu told MEDIAFAX Wednesday he will meet Thursday with the representatives of taxi drivers, to discuss their complaints regarding the taxi driving licenses.