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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.

Ukraine Notifies Romania On Renewed Delta Canal Plan

13:33, 03 Oct. 2008
Ukraine has formally notified the Romanian authorities on its plans to extend the Danube-Black Sea deep-water navigation canal (the “Bystroe Canal Project”), Romania’s Environment Ministry said Friday.

ING: Romania’s Economy Risks Hard Landing

12:52, 03 Oct. 2008
Romanian economy might face a hard landing, which may translate into an annual gross domestic product growth of a mere 1-2% or even a recession, Nicolae Alexandru Chidesciuc, ING Romania senior economist, stated Friday.

Romanian Public Servants Set For Full-Scale Strike Oct 9

12:00, 03 Oct. 2008
Romanian public servants will go on full-scale strike as of October 9, demanding a 50% salary hike, union officials said Friday.

Ford To Make Transit Turneo Connect At Romanian Unit

20:15, 02 Oct. 2008
US’ automaker Ford will manufacture at its factory in Craiova both the passenger carrying and van models of Transit Connect, the company’s marketing, sales, and service president Ingvar Sviggum told MEDIAFAX Thursday.

Romanian Students Obtain 30% Bigger Scholarships, Give Up Protests ‘For Now’

20:13, 02 Oct. 2008
Student scholarships will increase by 30% in two stages next year, Romanian Education Ministry and student organizations said in a joint statement Thursday.

Romanian Ed Unionists Want Econ Min Dismissed Over Wage Hike Statements

20:04, 02 Oct. 2008
The Romanian National Education Federation (FEN) requested the immediate dismissal of the Economy and Finance Minister Varujan Vosganian for his statements made on Thursday regarding the wage hike in the education system, which FEN deems “irresponsible and ungrounded”.

Fin Min: A 50% Hike Of State Employees’ Wages Endangers Romania’s EU Membership

17:33, 02 Oct. 2008
Romania’s Economy and Finance Minister Varujan Vosganian said Thursday that a 50% salary increase for professors, as recently approved by Parliament, would trigger similar requests from all state employees, which would endanger the economic stability and even Romania’s European Union membership.

Questionable Transactions Bring Court Dates For Romanian Football Agents, Managers

17:10, 02 Oct. 2008
Romanian prosecutors with the National Anticorruption Department sent to trial eight people for alleged illegal transactions facilitated by transfers of football players to foreign clubs, causing overall damages of $11.5 million.

Romanian Public Servants Threaten Full-Scale Protests Over Salary Hike

16:42, 02 Oct. 2008
Romanian public servants threatened to go on full-scale strike next week unless they receive a 50% pay hike to match the salary increase granted to personnel in the educational system, union officials said Thursday.

Romanian Winemakers To Receive Funds For Crop Insurance, Wine Promoting

16:00, 02 Oct. 2008
Romanian winemakers will receive funds to promote their wines on foreign markets, to insure their crop and to use concentrated grape stum in order to increase alcohol concentration, the Government said Thursday in a statement.

Wage Increases In Ed Sys Need To Rely On Logic, Realism – Romanian PM

15:14, 02 Oct. 2008
Romanian Prime Minister Calin Tariceanu said Thursday he is not against wage increases for teachers, but said increases should be first applied to very low wages and need to rely “on logic”.

Romanian Ed Min To Solve Complicated Situation Following Vote On Teachers’ Wage Hike – PM

14:37, 02 Oct. 2008
Romanian Prime Minister Calin Tariceanu said it is the responsibility of education minister Cristian Adomnitei to solve the “complicated situation” triggered by his vote in Parliament in favor of a 50% wage hike in the education system, as he should have shown “a different attitude” towards his liberal peers.

Romanian Car Mkr Dacia Introduces The Logan MCV In Paris Auto Show

13:10, 02 Oct. 2008
Romanian carmaker Dacia premiered the Logan MCV in the Paris Auto Show. The company also introduced the Logan eco2 concept and the 1.5 liter and 85 hp Sandero diesel, which will be launched in Romania early next year.

Porsche Romania Mulls Selling 40 Bentleys In 2009

12:28, 02 Oct. 2008
Porsche Romania plans to sell 40 Bentley cars in 2009 and five cars this year, Brent Valmar, the company’s president, said Thursday in a press statement.

Romanian Businesspeople Urge Concrete Info On Bk Deposit Guarantee Threshold

12:24, 02 Oct. 2008
The Association of Romanian Businesspeople, or AOAR, urged the central bank and the Ministry of Economy and Finance to issue a public stand on the possibility to increase the threshold on guaranteed bank deposits for people and companies, from the current EUR20,000/ depositor.

Romanian Football Champ CFR Cluj Ties Against Chelsea 0-0 (Photo Gallery)

10:32, 02 Oct. 2008
Romanian football champion CFR Cluj tied 0-0 the away game against Chelsea London in stage two of the UEFA Champions League Group A.

Tiriac Holdings Scarcely Affected By Intl Financial Turmoil – Official

19:18, 01 Oct. 2008
The international financial turmoil has not significantly affected the sales of Romanian company Tiriac Holdings, owned by businessman Ion Tiriac, Ion Alexandru Tiriac, the businessman’s son and group representative, said Wednesday.

Romanian Govt, Austrian Steelmaker Voestalpine Sign The Steel Mill MoU

18:40, 01 Oct. 2008
The Romanian Government and representatives of Austrian steelmaker Voestalpine signed the memorandum of understanding on the building of a steel mill in the Black Sea area, in an investment estimated to reach EUR5 billion, the Government said in a press release.

Romanian Govt Oks Land Transfer For Passageway Construction Works

16:34, 01 Oct. 2008
The Romanian government decided Wednesday that a land of 5,700 square meters, needed for construction works on Baneasa underground passageway, would be transferred from the administration of the Bucharest Mayoralty into that of the Transport Ministry, acting minister Ludovic Orban said Wednesday.

Romania Annuls Compensated Drugs Ceiling – Health Min

15:58, 01 Oct. 2008
The Romanian government decided to eliminate ceilings for compensated drugs as of October 1, Health Minister Eugen Nicolaescu said Wednesday.

Romania’s Court Of Accounts Law Deemed Constitutional

14:46, 01 Oct. 2008
Romania’s Constitutional Court unanimously decided Wednesday that the Law 94/1992 on the organization and functioning of the Court of Accounts is constitutional, rejecting the intimations of several deputies who claimed certain texts of the law sent for promulgation were taken out or introduced.

Teachers’ Pay Hike Stops Investments In Romanian Education In 2009 – Min

13:51, 01 Oct. 2008
The 50% salary hike for personnel in the educational system will burden the ministry’s budget and put a stop to investments in 2009, Education Minister Cristian Admonitei said Wednesday.

New Apartments Price To Hike By 15% In 4Q In Bucharest – Report

13:50, 01 Oct. 2008
The prices of new apartments in the capital city, Bucharest, will continue to grow by 10-15% by yearend while old apartments prices will hike by 5-10%, depending on the zone, according to a study conducted by real estate brokerage company Coldwell Banker.

Romanian Lawmakers’ Prosecution Approval Procedures Deemed Unconstitutional

13:43, 01 Oct. 2008
Romania’s Constitutional Court deemed unconstitutional Wednesday provisions in the regulations of the Senate and Chamber of Deputies regarding the majority needed to approve prosecution of former or acting government members who are lawmakers.

Romanian Govt, Austrian Steelmaker Voestalpine To Sign MoU Today – Govt

13:08, 01 Oct. 2008
The Romanian Government and the Austrian steelmaker Voestalpine will sign today at 4 p.m. the memorandum of understanding on the building of a steel mill in the Black Sea area, the Government said in a press release.

Romanian President Certain To Promote Law Raising Teachers’ Wages

12:57, 01 Oct. 2008
Asked whether he would approve the law stipulating a 50% wage increase for teaching staff, Romanian President Traian Basescu said he is certain to promote the law.

Romanian State Secretary With Econ Ministry Alice Bitu Resigns – Sources

12:06, 01 Oct. 2008
State secretary with the Romanian Economy and Finance Ministry, Alice Bitu, who supervised the attraction of European Union funds, including those for the SAPARD program, quit her position, people close to the matter told MEDIAFAX Wednesday.

Romanian PM Says Wage Raise In Education Sys Is Populist, Irresponsible

11:43, 01 Oct. 2008
Romanian deputies’ votes for a 50% wage raise for staff in the education system is a mere “populist” measure before the upcoming general elections, the country’s Prime Minister Calin Tariceanu said Wednesday at the opening ceremony of the 2008-2009 university year organized by the Technical University of Civil Engineering in Bucharest.