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Romania’s Oct Inflation 1.06% M-M, 7.39% Y-Y; Higher Prices For Services, Food

10:06, 11 Nov. 2008
Romania’s inflation soared 1.06% on the month in October, rising slightly to 7.39% on the year, driven largely by an increase in prices for services and food products, the National Statistics Institute reported Tuesday.

Fitch Downgrades Five Romanian Banks, Affirms Banca Transilvania

20:12, 10 Nov. 2008
Fitch Ratings has downgraded on Monday five Romanian banks, namely BCR, BRD-GSG, Bancpost, UniCredit Tiriac Bank and Banca Romaneasca and affirmed Banca Transilvania’s rating, following Romania’s sovereign rating downgrade earlier the day, the rating agency announced.

Romanian Car Mkr Dacia To Halt Production Between Nov 20, Dec 7

19:09, 10 Nov. 2008
Romanian car maker Dacia announced Monday it will halt production between November 20 and December 7, due to decreases in the local and foreign markets. Dacia previously used this measure for another four days, on October 30-31 and on November 13-14.

Romania Housing Agency Tenants To Be Able To Contract Mortgage Loans

19:06, 10 Nov. 2008
Tenants of the Romanian National Housing Agency will be able to take out mortgages on the homes to contract loans with the purpose of buying the apartments they are currently renting, while banks will be able to sell, at any time, the mentioned homes, if loans aren’t returned.

ECHR To Decide If Romanian Television Can Be Broadcast In Moldova

15:06, 10 Nov. 2008
The management board of the Romanian Television Company (SRTv) approved the continuation of legal actions to regain the right to broadcast the TVR1 channel in the Republic of Moldova. The company formulated a request in this respect at the European Court for Human Rights, said a press release.

Fitch Cuts Bucharest, Oradea Ratings, After Romania’s Sovereign Cut

14:53, 10 Nov. 2008
Fitch Ratings has downgraded the Long-term foreign currency ratings of the Romanian cities of Bucharest and Oradea to 'BB+' from 'BBB-' (BBB minus) and revised both cities' outlooks to negative from stable, the ratings agency announced Monday.

Romanian President Opposes Lottery Staff’s Access To Cut In Co Profit

13:54, 10 Nov. 2008
Romanian President Traian Basescu asked the Parliament to reexamine the law allowing the employees of the Romanian lottery to participate in the company’s net profit, through the distribution of 10% of the accounting profit, saying this provision is not adequate.

Romanian PM Calls On Unions Again To Understand 50% Wage Hikes Are Impossible

13:38, 10 Nov. 2008
Romanian Prime Minister Calin Tariceanu urged unions again Monday to understand that a 50% wage his would have severe consequences on the economy and accused the leftist opposition of backing wage hikes for electoral purposes alone.

Romania’s Petrom Cuts Gasoline Prices By RON0.06/Liter

13:30, 10 Nov. 2008
Romania’s largest oil company Petrom SA (SNP.RO) cut Monday gasoline reference prices by 0.06 lei (EUR1=RON3.7482) per liter and kept diesel oil prices unchanged, the company said in a statement.

Romanian Social Democrats’ Campaign Bus Hit In Alleged Shooting

12:08, 10 Nov. 2008
The windshield of the bus carrying Romanian social democrat leader Mircea Geoana was broken Sunday evening near Bucharest, and the driver said the bus was shot at.

Romanian Democrat Liberals Sign Agreement With Employers In Energy, Industry

11:55, 10 Nov. 2008
Romanian democrat liberal leaders Monday signed a cooperation agreement with the Employers’ Alliance in the industry and energy sectors, stipulating mutual support on projects and advice for the party in some fields, said Vasile Turcu, head of the Employers’ Alliance in Industry, or CONPIROM.

Romanian Senate’s Labor, Education Commissions Reject Delay Of Teachers’ Pay Hike

11:49, 10 Nov. 2008
The Romanian Senate’s labor and education commissions adopted Monday 14 to three votes a report rejecting the government ordinance which puts off a 50% wage increase for staff in education.

Romanian Education Unionists On Warning Strike Monday, Threaten General Strike

10:22, 10 Nov. 2008
Romanian education unionists are on a two-hour warning strike Monday, as a protest to the Government’s decision to delay the 50% wage hike until April 1, 2008.

Romania’s 9-Mo Trade Def Up 12.5% On Yr To EUR16.93B

10:02, 10 Nov. 2008
Romania’s January-September trade deficit rose 12.5% on the year to EUR16.93 billion, from EUR15.05 billion in the same period a year earlier, but exports grew at a higher pace than imports during the first nine months, the National Statistics Institute reported Monday.

Fitch Downgrades Romania’s Rating By Two Notches To Below Invest Grade

10:01, 10 Nov. 2008
Ratings agency Fitch has lowered on Monday the sovereign ratings on Romania by two notches, citing vulnerabilities in the emerging markets, spurred by the global crisis and the countries’ high current account deficits.

Romanian Prosecutors’ Office Closes File On Communist Police Crimes And Abuse

16:40, 09 Nov. 2008
Romania’s General Prosecutors’ Office closed the file on the crimes and abuse committed by Romania’s communist, in which 67 former activists, psychiatrists and police employees had been indicted. Prosecutors said the file had passed its statute of limitations.

Romanian Children Earn Gang Millions In UK – Paper

10:29, 09 Nov. 2008
At least 200 gypsy children from Romania has been smuggled into Britain and could be earning more than GBP19 million a year from street crime and fraud, the European Union’s head of police has disclosed, the Sunday Times reported.

Romanian Chief Anticorruption Prosecutor Has Mandate Extended Until Yearend

13:00, 08 Nov. 2008
Romania’s prosecutor general Codruţa Kovesi extended the mandate of chief anticorruption prosecutor Daniel Morar until the end of the year, as the justice minister and the head of state haven’t reached an agreement to appoint a new chief prosecutor.

Romanian President Briefs Media On Informal EU Meeting Conclusions

20:02, 07 Nov. 2008
Romanian president Traian Basescu said Friday in Brussels, after the informal reunion of the heads of states and governments, that other crisis outbreaks could occur, in the world, after the USA and the EU, as the size of the financial crisis generated the risk of a global economic crisis.

People’s Advocate Notifies Romania Constitutional Court On Act Putting Off Teachers’ Pay Hike

19:01, 07 Nov. 2008
Romania’s Constitutional Court was notified by the People’s Advocate on the alleged unconstitutionality of the provisions of Government Emergency Ordinance postponing until April 2009 the enforcement of the law increasing teachers’ pay hike by 50%.

Romanian Social Democrat Accuses Govt Official Of Campaigning Using Public Money

16:04, 07 Nov. 2008
The secretary general of Romania’s leftist opposition Social Democratic Party, Titus Corlatean, urged Prime Minister Calin Tariceanu Friday to suspend Petre Roman from the position of government representative for Romanians abroad, accusing the latter of using public money to pay for his election campaign.

Romania’s Petrom To Cut Gas, Diesel Oil Pump Prices By RON0.06/Liter

15:18, 07 Nov. 2008
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will cut Saturday its gas and diesel oil pump prices by 0.06 lei (EUR1=RON3.7271) per liter, the company said in a statement.

Romania’s BCR To Close Inactive Current Accounts Of Pvt Individuals

14:44, 07 Nov. 2008
Romania’s largest lender by assets Banca Comerciala Romana (BCR) will close, during November 8-9, the current accounts of private individuals that have been inactive for the past six months and store no money, the bank said Friday.

Documentary On Romanian Orphanages Lacks Objectivity, Presents False Data – State Secretary

12:27, 07 Nov. 2008
The journalistic approach in the documentary made by the Duchess of York is not balanced and objective, as it presents unreal facts, State Secretary with the Romanian Authority for Children’s Rights Protection Mariela Neagu said after visiting an orphanage included in the documentary broadcasted Thursday.

Romania Will Be Affected By Fin Crisis, But Can Overcome It – President

11:52, 07 Nov. 2008
Romanian President Traian Basescu said Friday before leaving for Brussels that Romania will certainly be affected by the global financial crisis, but it has enough resources to overcome it and the pending threat shouldn’t impair reform.

Romanian Healthcare Union Federation Calls Off Planned Protests

11:10, 07 Nov. 2008
Romania’s healthcare sector union federation Sanitas decided Friday to call of planned protests and will sign an agreement with health minister Eugen Nicolaescu next week.

One Dies, Two Severely Injured In Car Crash S. Romania

11:04, 07 Nov. 2008
One man died and two other were severely injured after their car crashed Thursday night into a commuter bus on national road DN 73 in Clucereasa locality, southern Romania.

Duchess Of York Uncovers Terrible Condition Of Romanian Orphanages

10:26, 07 Nov. 2008
British television station ITV1 broadcasted Thursday evening a documentary film made with the help of a hidden camera during the visit of the Duchess of York and her daughters to orphanages in Romania and Turkey, which showed the poor condition of the children sheltered there.

Romanian Railway Unionists Call Off Strike

18:43, 06 Nov. 2008
Romanian railway unionists on Thursday called off a six-hour warning strike scheduled for Friday, saying they decided to wait the results of their talks with Transportation Minister Ludovic Orban.

Romanian Migrants Own 1,500 Cos In Italy’s Milan – Press

18:42, 06 Nov. 2008
Romanian migrants own over 1,500 companies and firms in Italy’s city of Milan, which places them first among EU migrants in the city, Italian regional Chamber of Commerce said Thursday, quoted by APcom news agency.

Romanian Police Issues National Drug Consumption Report

16:53, 06 Nov. 2008
The youngest age stated by a respondent, when asked when they started to use cannabis, was 11, but 76.6% of users stated starting ages below 24, according to the Romanian National Report on Drug Consumption, presented Thursday in Bucharest.

Bechtel Constr Errors Trigger Landslides On Romanian Motorway – Roads Auth

16:12, 06 Nov. 2008
U.S. constructor Bechtel has made several design and execution errors at the Transylvania Motorway, which triggered landslides on a surface of 36 kilometers on the motorway, Romania’s roads authority CNADNR said Thursday.

Romanians Rent Flats In Bucharest, Afraid Or Unable To Buy

15:46, 06 Nov. 2008
The number of home renting transactions is growing compared to fall 2007 as people wishing to buy a home have a tough time accessing loans, or are confused by the market’s evolution, thus preferring to rent in the meantime, according to real estate company Coldwell Banker.

Romanian PM Wants Elimination Of Fishing In Danube Delta For Economic Purposes

15:45, 06 Nov. 2008
Romanian Prime Minister Calin Tariceanu said Thursday he wants fishing in the Danube Delta to continue only for touristic purposes, and be eliminated as an economic activity.

Ten Romanian Deputies Cash Accommodation Money Although They Own Homes In Bucharest – Report

15:29, 06 Nov. 2008
Each Romanian lawmaker not residing in Bucharest spent a average EUR13,000 for accommodation last year, and some received accommodation money even though they own apartments in Bucharest, the Institute for Public Policies said in a report on public costs for activities of lawmakers in the interval November 2006 - May 2008.

Romanian Lawmakers Spent An Avg EUR7,000/Month In 2007

15:11, 06 Nov. 2008
The average Romanian lawmaker spent about EUR7,000 of the state budget per month in 2007, according to a report released Thursday by the Institute for Public Policies, which said it calculated the sum using "incomplete and hard to decipher information” provided by the two Chambers of Parliament.

Romanian Railway Unionists Reach Agreement With Transp Min, Call For Strike Delay

15:00, 06 Nov. 2008
Romanian railway unionists of the Miscare Comercial Federation ask the members of the organization to postpone the strike scheduled for Friday, as they are waiting for budget approval, following talks Thursday talks with transport minister Ludovic Orban.

Romanian Pvt Auth To Put Up For Sale Mining Cos Cuprumin, Moldomin

14:57, 06 Nov. 2008
Romanian Privatization Authority AVAS will put up for sale next week the mining companies Cuprumin, in the central town of Abrud, and Moldomin, in the southwestern town of Moldova Noua, AVAS president Teodor Atanasiu said Thursday.

Romanian Police Officers To Organize New Protests On Nov 22

14:48, 06 Nov. 2008
Romania’s National Police Officer Union "Pro Lex" members will take to the streets again on November 22, displeased with the faulty management applied by the Ministry of Interior and the fact that law and order laws and the police officer statute were not passed.

Romanian Ambassador To Israel Responds To Anti-Semitism Accusation Against Romania

14:06, 06 Nov. 2008
The statement of Romanian president Traian Basescu, cited by the November 2 edition of the Israeli daily Haaretz, according to which Syria’s neighbors are Iraq, Lebanon and Palestine, is “truncated and taken out of context”, Romania’s ambassador to Israel Edward Iosiper said.