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Romania To Hike Pensions 20% On Nov 1 – Labor Min

15:06, 24 Iul. 2008
Romania will increase pensions by 20% on Nov 1, two months earlier than planned, and the pension point will be 45% of the gross average salary, labor minister Paul Pacuraru told MEDIAFAX Thursday.

Romania’s CFR To Get Funds For Debt Payment If Ops Become Efficient–Econ Min

13:59, 24 Iul. 2008
Romanian Economy Ministry said it could grant funds to Romania’s state-owned railway company Caile Ferate Romane SA, or CFR, to pay its debts worth 1 billion lei (EUR1= 3.5721) to electricity suppliers if the company pays its current debts and draws up a program for a more efficient activity.

Romanian Health Min Encourages Church To Have Its Own Healthcare Network

13:35, 24 Iul. 2008
Romanian health minister Eugen Nicolaescu intends to amend current laws to enable the Romanian Orthodox Church Patriarchy to have its own healthcare network.

French Carmaker Renault To Up Prices, Freeze Recruiting, Delay Projs On Adverse Mkt Conditions

13:07, 24 Iul. 2008
French carmaker Renault will increase sales prices, temporarily freeze staff recruitment in Europe, and is considering postponing several low-priority projects citing difficult market conditions, the company said Thursday.

People Evacuated, Children’s Camp Isolated Following Major Flood In N-E Romania

10:45, 24 Iul. 2008
Forty-five people were evacuated from their homes Wednesday night and 70 children who were camping in the area were isolated because of the floods affecting 18 localities in Suceava county, northeastern Romania.

Powerful Flashflood Hits NW Romania

21:03, 23 Iul. 2008
Over two hundred hectares of land and dozens of households were affected by a powerful flashflood Wednesday afternoon in Cluj County, northwestern Romania.

Romania Fin Min Plans To List Bonds June 28

18:36, 23 Iul. 2008
Romania’s Economy and Finance Ministry plans to introduce Monday on a secondary market on the Bucharest Stock Exchange the trading of bonds so far sold by the ministry, Finance Minister Varujan Vosganian said Wednesday.

Romania’s Rompetrol To Cut Pump Prices By RON0.05/Liter

18:34, 23 Iul. 2008
Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Thursday its pump prices by 0.05 lei (EUR1=RON3.5842) per liter, the company said in a statement.

Romania Welcomes EU Criticism, Pledges To Step Up Corruption Fight

17:40, 23 Iul. 2008
Romania pledged Wednesday to intensify fight against corruption and reinforce existent progress, after the European Commission criticized the new member for poor results in tackling abuses, especially at high levels.

Romania Ranks 2nd In EU By Indus Orders Growth In May

16:20, 23 Iul. 2008
Romania ranked second in European Union with a 20.2% increase of the industrial new orders on the year in May, while industrial new orders fell by 2.8% in EU states in the same period, according to the Statistical Office of the European Communities, Eurostat.

Romania June Pvt Resident Deposits Up 40.1% YY To RON140.72B

16:19, 23 Iul. 2008
Private resident deposits rose 40.1% on the year in June to 140.72 billion lei (EUR1-RON3.5842), Romania’s central bank said Wednesday.

Romanian Petrom Deems Gas Use More Convenient For Electric Pwr Production

16:18, 23 Iul. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO) considers the 1.2 billion cubic meters of gas from own output to be more appropriate for the electric power production rather than for its further supply on the market, Petrom’s CEO Mariana Gheorghe said Wednesday.

Romanian Head Of Customs Office Albita Remains Under Arrest

13:52, 23 Iul. 2008
The Romanian Court decided to keep the head of the Albita customs office, eastern Romania, under arrest for allegedly facilitating transport for smuggled cigarettes.

Romania Extends Code Yellow Weather Warning For 11 Counties

13:28, 23 Iul. 2008
The Romanian meteorological authority issued a code yellow warning forecasting rain and thunderstorms for 11 counties in north-eastern Romania on Thursday and Friday.

Romanian Oil Co Petrom Mulls Producing Electric Pwr From Renewable Sources

13:21, 23 Iul. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO) and OMV Future Energy Fund will analyze some projects on producing electric power from renewable sources and on making investments for higher electric power efficiency, Petrom said in a statement sent to the Bucharest Bourse Wednesd

Romania June Private Lending +50.5 On Yr At RON178.1B

12:47, 23 Iul. 2008
Romanian private lending rose 50.5% on the year in June in real terms to 178.1 billion lei ($79.4 billion), due to higher loans in both local and foreign currencies, the central bank said Wednesday.

Romanian Pwr Distributor Electrica Muntenia Sud Continues To Supply Thermal Power Distributor RADET

12:20, 23 Iul. 2008
Romanian electricity distributor Electrica Muntenia Sud will not halt the distribution of electric power to Bucharest heat distributor RADET, but sent warning notices to RADET urging it to pay its outstanding debt of over 5.5 million lei (EUR1=RON3.5666).

Lukoil Romania Cuts Gasoline, Diesel Oil Pump Prices

19:37, 22 Iul. 2008
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, cut last week certain gasoline and diesel oil pump prices, after they were hiked by up to RON0.12 per liter early July.

Romania To Hike Pensions On Nov 1- Labor Min

18:51, 22 Iul. 2008
Romania’s labor minister Paul Pacuraru Tuesday said pensions will be hiked on Nov 1, adding the social insurance budget surplus allows pension hikes two months before the deadline.

Reservists Propose Amnesty For Military Actions During Romanian Revolution

18:36, 22 Iul. 2008
Romania’s reservists association on Tuesday reiterated a proposal for a draft act granting amnesty for military actions committed during the Romanian Revolution of December 1989.

Romania’s First 4-Mo Wine Imports, More Than Double Vs. Exports

18:36, 22 Iul. 2008
Romania’s wine imports reached 11,782 tons in the first four months of 2008, more than double the quantity of wine exports, which totaled 5,106 tons, according to the data offered by the country’s Ministry of Agriculture and Rural Development.

Seven Cos Interested In Helicopter Mker Sale-AVAS

17:50, 22 Iul. 2008
Seven companies are interested in the sale of Romania’s sole helicopter maker IAR Ghimbav, namely Czech’ Aero Vodochody, French Eurocopter, Israeli’s Marcovici Capital Ltd and Romanian Rups, UTI Systems, Grivco, and RO Mike Trade, the privatization authority AVAS said in a statement Tuesday.

Foreign Investors’ 5-Mo Ownership In Romanian Cos Double On Yr To EUR1.86B

16:38, 22 Iul. 2008
Foreign direct investments as contribution to the share capital of companies registered in Romania reached EUR1.86 billion in the first five months, more than double compared to EUR890 million in the corresponding period of 2007, Romania’s Trade Register ONRC said Tuesday.

Romania Gets Code Orange Weather Warning For Rain, Thunderstorms

15:18, 22 Iul. 2008
The Romanian meteorological authority issued a code orange warning valid until Wednesday 8 a.m. for eight counties, expecting heavy rains and thunderstorms, said environment minister Attila Korodi.

Romanian Transp Min Accused Of Alleged Shady Deals With Rail Co Land

14:20, 22 Iul. 2008
Romania’s former transport minister, democrat liberal Radu Berceanu, on Tuesday accused acting minister Ludovic Orban of preparing several shady real estate deals using land belonging to the National Rail Company CFR.

Romania Ranks Third In Europe’s Best Locations For Logistics Facilities

12:38, 22 Iul. 2008
Romania ranks third of 25 European countries offering the best locations for industrial/logistics facilities, according to the European Distribution Report 2008, produced by global real estate consultant Cushman & Wakefield (C&W), outranking states like Spain and Finland.

Romanian Drivers May Get Cars’ First Registration Date From Car Registration Dept

11:24, 22 Iul. 2008
Romanian car owners may get documents certifying the date of their car’s first registration, needed to calculate car tax differences, from the Registration Service within the Driving License and Car Registration Department, as the Romanian Automobile Registry doesn’t keep such information.

Three Romanian Trade Unions To Sign Minimum Wage Agreement

20:52, 21 Iul. 2008
Three out of five trade unions decided to sign the agreement with the Romanian government on the minimum wage hike, while the other two unions will make a decision in this respect Tuesday.

Electrica Receives Offers For Association In Pwr Cos Construction In Romania

20:18, 21 Iul. 2008
Romania’s state-owned power grid Electrica SA has received offers from two foreign companies that plan to build hydropower plants of at least 500 MW in Romania.

Romania’s IT&C Regulator Sets New Interconnection Fees For Fixed Telecom Ops

20:17, 21 Iul. 2008
Romania’s IT&C regulator on Monday said RomTelecom, the largest hard-line telephony operator on the local market, alongside 37 other relevant peer operators will apply interconnection fees of EUR1.16 per minute (VAT excluded) starting with September 1.

Drivers In Romania Lacking Road Toll Stickers Not To Be Fined By End July

16:40, 21 Iul. 2008
Romania’s Transport Ministry will suspend between Jul 21 and Jul 31 the application of fines for drivers lacking road toll stickers, following the introduction of new sticker models, which may affect stocks of several distribution points.

Bucharest Heat Distributor RADET Might Halt Hot Water Supply Over Debts

14:13, 21 Iul. 2008
Bucharest thermal power distributor RADET might halt hot water supply in the capital city as of Jul 23, over debts of 700 million lei (EUR1=RON3.5474) dating back from 1996, the manager of Bucharest’s energy regulator AMEREB, Tudor Popescu, said Monday.

Turner Broadcasting Opens Bucharest Office

13:24, 21 Iul. 2008
Turner Broadcasting System (TBS, Inc.), a Time Warner company, has opened an office in Romania’s capital city Bucharest in line with its expansion strategy in Central and Eastern Europe, the company said in a statement Monday.

Romania Eyes Selling Large Cos In ’08- Official

20:40, 20 Iul. 2008
Romania’s privatization authority AVAS plans to put up for sale this year large companies in which it holds majority stakes, AVAS head Teodor Atanasiu said Sunday.

Romania’s AVAS Head Comments On Airplane Mkr Sale

20:14, 20 Iul. 2008
Czech AERO Vodochody, which own the auction for the sale of the majority stake in Romania’s aircraft maker Avioane Craiova, will produce parts and equipment for different types of aircrafts at the plant in Craiova, Teodor Atanasiu, head of Romania’s privatization authority AVAS, said Sunday.

Romania Celebrates National Aviation Day

14:28, 20 Iul. 2008
Romania celebrated Sunday the National Aviation Day and the National Air Force Day with an elaborate flypast by ten MIG 21 Lancer fighter aircrafts and five IAR 330 helicopters originating from the Campia Turzii military airfield, in Cluj County, central Romania.

Preventive Arrest For Romanian Customs Office Head On Cigarette Smuggling Charges

19:04, 19 Iul. 2008
A Iasi court on Saturday approved prosecutors’ request to issue 29-day preventive arrest warrants for Ghita Berbece, head of the customs office in Albita, eastern Romania, and other three accomplices, on cigarette smuggling charges.

Two Romanian Women Arrested In Greece For Alleged Prostitution Network Affiliation

17:03, 19 Iul. 2008
Two Romanian women aged 22 were arrested by police officers in Attica, Greece, on suspicion of affiliation with a prostitution network luring foreign women to Greece for prostitution, Greek publication Kathimerini informed Saturday.

Romanian Bank Reps Held Meeting On Ctrl Bk Draft Regulations

17:53, 18 Iul. 2008
Representatives of credit institutions members of the Romanian Banks Association (ARB) held a meeting Friday, where they discussed the draft regulations issued by the central bank in a bid to keep household lending risk in check.

Romanian Transp Ministry To Have Attributions In Certifying Civil Airports

17:50, 18 Iul. 2008
Romanian civil airports will be certified using orders of the minister of transports instead of government decisions and flights linking Romanian airports to other states applying the Schengen acquis will be considered domestic flights, according to a draft government decision.