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Romanian Govt Looks To Soften Utility Price Hikes For Underprivileged Social Categories

13:34, 02 Iul. 2008
Romania’s Finance Ministry and Labor Ministry will draw up a set of measures to help pensioners and people with low incomes pay their gas bills, Prime Minister Calin Tariceanu said Wednesday.

Romania’s Electrica Might Exit Mkt On Lack Of Liquidities – Official

13:20, 02 Iul. 2008
Romanian state-owned power grid Electrica SA has 710 million (EUR1=RON3.6435) debts to recover, out of which almost half from state-owned railway company Caile Ferate Romane, or CFR, and the company might exit the market on lack of liquidities, a company director, Ioan Silvas, said Wednesday.

Romanian Health Min, Bucharest Mayor Agree To Transfer Hospitals To Local Administration

12:33, 02 Iul. 2008
Romania’s health minister Eugen Nicolaescu and capital Bucharest general mayor Sorin Oprescu agreed Wednesday to create a working group to draw up a strategy to transfer hospitals to the subordination of local administrations and build homes for interns and young doctors.

Romanian Producers, Retailers Sign Good Practices Guide

11:39, 02 Iul. 2008
Romanian producers and retailers signed Wednesday the Guide of Good Practices regulating trade with agri-food products, which will come into force once it receives approval from the Competition Council.

Romanian Fondul Proprietatea ’07 Pft Up 4.3-Fold At RON313.1M

11:36, 02 Iul. 2008
Romania’s investment fund Fondul Proprietatea reported a net profit of 313.1 million lei (EUR1= 3.6435) in 2007, up 4.3–fold compared with RON72.1 million a year earlier, the fund said Wednesday in a press statement.

Some 100 Unionists Picket Romanian Labor, Finance Ministries Demanding Higher Minimum Wage

10:37, 02 Iul. 2008
Some one hundred unionists picketed Wednesday morning the headquarters of the Romanian Ministries of Labor and Finance urging the government to hike the minim wage to 540 lei (EUR1=RON3.6435) as of Jul 1, from the current RON500.

Romanian May Industrial Producer Prices +16.8% On Year

10:02, 02 Iul. 2008
Romania’s industrial producer price index rose 16.8% on the year in May driven by higher prices in the manufacturing sector, the National Statistics Institute said Wednesday.

Romanian Pres Urges Govt, Parties To Refrain From Populist Counter Measures To Price Hikes

19:54, 01 Iul. 2008
Romanian President Traian Basescu on Tuesday urged the government and the parties not to respond with populist measures to the recent price increases of food products and energy, the presidency said in a statement.

Romanian Political Parties, Pres Talk Price Hikes

18:10, 01 Iul. 2008
The representatives of Romanian parliament parties who attended consultations with president Traian Basescu on the price hikes for foods and fuel, presented media with the conclusions of the reunion.

Intl Oil, Food Prices Rise To Add 0.6 Pp To Romania’s Curr Acct Def To 13.6% Of GDP

17:16, 01 Iul. 2008
The combined rise in prices for oil and food products is seen adding 0.6 percentage points to Romania’s 2008 current account deficit, which is seen at 13.6% of gross domestic product, the IMF said in a report Tuesday.

Romanian Consumers’ Auth Considers Draft Act To Protect Bank Clients

16:33, 01 Iul. 2008
The Romanian authority for consumers’ protection ANPC on Tuesday said it considers a draft law aimed to protect beneficiaries of financial and banking services, after several check-ups at banking institutions revealed irregularities concerning the client-bank relationship.

Romanian Car Mkr Dacia Launches The Revamped Logan Sedan

16:32, 01 Iul. 2008
Romanian car maker Dacia launched Tuesday a revamped variant of the Logan Sedan, at the same price as the previous version, namely EUR6,400 with VAT, while the older version was taken off the production line.

Nabucco Pipeline Users Entitled To 25-Yrs Exemptions

15:47, 01 Iul. 2008
The gas beneficiary companies from Nabucco pipeline will be exempted from complying with the law on third party access to transport system or pricing methodology on a 25-year period, the National Energy Watchdog ANRE said Tuesday.

Romanian Car Deterioration Review To Cost RON243, RON299 – Evaluator

15:22, 01 Iul. 2008
The fee applied by the Romanian Automobile Registry (RAR), when establishing the deterioration of vehicles, reaches RON243 (EUR66.6) for cars with a maximum authorized mass lower than or equal to 3.5 tons and RON299 (EUR82) for those that exceed this mass, the institution announced Tuesday.

Romanian Senate Could Call Extra Session To Vote On Prosecution Of Lawmakers

14:11, 01 Iul. 2008
The commission for legal matters in the Romanian Senate has analyzed the files of labor minister Paul Pacuraru and former economy minister Codrut Seres, for whom prosecutors requested approval to probe corruption allegations, commission president Norica Nicolai said Tuesday.

Romanian Distrigaz Sud To Ask For 20% Gas Price Hike Oct 1

12:53, 01 Iul. 2008
Gas distributor Distrigaz Sud, majority-owned by French utility Gaz de France, will ask Romanian energy watchdog ANRE to hike gas prices by some 20% on October 1, given that imported natural gas price will continue to increase by yearend, Distrigaz Sud general manager, Bernard Arnaud, said Tuesday.

Romanian Ctrl Bk Cuts By 10% Fees For Real Time Clearing Sys Payments

12:06, 01 Iul. 2008
Romania’s central bank lowers by 10% fees perceived from lending institutions for large or urgent payments in the Real Time Gross Interbank clearing and settlement system (ReGIS) starting Aug 1, the bank said Tuesday.

Jean-Michel Jarre To Play Bucharest Nov 10

10:57, 01 Iul. 2008
French musician Jean-Michel Jarre, considered a pioneer of electronic, synthpop and New Age music, will have a concert in Bucharest on Nov 10, event organizers, the Phoenix Foundation, said.

Romanian Pres Says There Will Be No Competition Btw EU’s Armed Forces, NATO

20:14, 30 Iun. 2008
Romanian President Traian Basescu said Monday in Brussels, at the end of his meeting with NATO secretary general Jaap de Hoop Scheffer, that there will be no competition between the EU’s armed forces and the NATO Alliance, stressing it is only a matter of military planning and deployment.

Romania Needs Gradual Price Hike Plan, To Avoid Crisis– Oil Co Petrom

19:08, 30 Iun. 2008
Romania needs a good strategy to gradually align the price of natural gas produced in the country with the one imported from abroad, in order to avoid a major tariff crisis, Petrom’s CEO Mariana Gheorghe said Monday.

E.ON Gaz To Ask ANRE For New Household Gas Price Hike At Yearned

17:25, 30 Iun. 2008
E.ON Gaz Romania, the local unit of Germany’s E.ON Gaz, will ask Romania’s Energy Authority, or ANRE, for a new household gas price increase at yearened, in order to cover losses, the company’s director general Frank Hajdinjak said Monday at the hearings of the Commission for Services and Industry.

Constanta Mayor Wins Trial Against Romanian Anticorruption Department

17:21, 30 Iun. 2008
The Constanta Court of Appeals ruled Monday that the Romanian Anticorruption Department (DNA) must provide more information involving two of its experts who drafted a report based on which Constanta mayor Radu Mazare is prosecuted in connection with the retrocession of certain buildings.

Romanian Carmaker Dacia Launches Logan Sedan Facelift Tuesday

17:15, 30 Iun. 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault, will launch Tuesday the Logan Sedan facelift to boost sales for this car model and bring it to the producer’s new design line, which can be seen at Sandero model.

Romanian Econ Fin Ministry Publishes New Car Tax Norms

15:34, 30 Iun. 2008
The Romanian ministry of economy and finance published, on its official website, the enforcement norms for the ordinance introducing the pollution tax for cars. The norms present the calculation procedures for the new tax and the tax difference refund.

Romanian Ctrl Bk Fails To Attract Deposits As Mkt Interest Rates Are Higher

15:11, 30 Iun. 2008
The auction organized by Romania’s central bank Monday to drain excess liquidity off the market, as no lending institution took part in the operation, considering commercial banks offer interests ranging between 10.69% - 11.22% for one-week deposits, while the central bank offers 10%.

Romanian Fin Ministry To Draw Up Database Of Avg Prices For Works By Yearend

14:42, 30 Iun. 2008
Romania’s Ministry of economy and Finance will draw up by yearend a database of average prices for categories of works, to serve as reference for contracting authorities and beneficiaries of European funds, state secretary Eugen Teodorovici said Monday.

Romanian Parliament Leaders Decide Wed On Calling Extraordinary Plenary Session

14:26, 30 Iun. 2008
The standing offices of Romania’s two chambers of parliament meet Wednesday to decide on whether or not to call for an extraordinary plenary session, Senate chairman Nicolae Vacaroiu said Monday.

INS: Romanian Companies’ Innovation Invests Slightly Up In ‘04-‘06

11:07, 30 Iun. 2008
Approximately 21.1% of the Romanian companies employing at least 10 workers launched new or significantly improved products on the market between 2004 and 2006, up 1.2% compared to 2002-2004 period, the National Institute for Statistics, or INS, said Monday.

Romanian Transgaz Gas Transp Tariffs Up 20.35% Jul ’08 – Jun ‘09

10:49, 30 Iun. 2008
Romanian energy watchdog ANRE approved a 20.35% increase, at 1.15 billion lei (EUR1= 3.6561), of the total regulated tariffs charged by Romania's state-owned gas pipeline operator Transgaz (TGN.RO) for gas transport between July 1, 2008 and June 30, 2009.

Romanian Privatization Agency Cancels Mining Co Sale To Comply With EU Rules

10:37, 30 Iun. 2008
Romania’s privatization agency AVAS cancelled its offer to sell mining company Cupru Min Abrud and will modify and update the company’s presentation file after the European commission decided sale plans breached state aid rules.

Romania Ranks 40/121 In Forbes Best Countries For Business

15:38, 29 Iun. 2008
Romania was up 20 spots and ranks 40 in the 2008 edition of Forbes’ The Best Countries For Business, which includes 121 countries.

Two Died In Closed Gold Mine, Western Romania

15:14, 29 Iun. 2008
Two young men, 21 and 26, died and the father of the 21-year-old was taken to hospital after they were blocked for more than seven hours in a former gold mine in Hunedoara county, western Romania.

Over 600 Romanians Attended Job Fair In Spain

14:24, 29 Iun. 2008
Over 600 Romanians took part in the information campaign and job fair organized by the Romanian Labor Ministry in Alcala de Henares, Spain, the ministry said.

Romanian Authorities Alert On Acid Leaks Near Nuclear Pwr Station

14:17, 29 Iun. 2008
Authorities in Romania’s southeastern county of Constanta were on alert Sunday after employees of the country’s sole nuclear power plant in Cernavoda saw a cistern filled with hydrochloric acid was leaking in the power station’s parking lot.

Romania Still Vulnerable To International Financial Mkt Turmoil – IMF

15:14, 28 Iun. 2008
World financial market tensions contributed to a sharp nominal depreciation of the Romanian leu, and Romania remains vulnerable to additional adverse spillovers from events in global markets, the International Monetary Fund, or IMF, said Saturday.

Romania Received EU Funds Worth EUR1.6B In ’07- Report

19:07, 27 Iun. 2008
Romania accessed in the previous year European funds worth EUR1.602 billion, with EUR315.4 million in compensations, and had a contribution of EUR930.9 million to the EU budget, according to the financial report issued by the EU.

Romanian Positive Econ Pace Might End In Two Yrs -Ctrl Bk Official

17:25, 27 Iun. 2008
The Romanian positive economic pace might end in two years utmost, fueled by the high current account deficit of EUR17 billion reported at the end of 2007, central bank advisor Eugen Radulescu said Friday.

Romanian Govt Limits Loans For The Disabled On Abuses

16:37, 27 Iun. 2008
The Romanian Executive decided to limit the value of loans with state-subsidized interest that can be contracted by people with disabilities to EUR10,000, after people used the credits to buy luxury cars, motorboats or yachts.

Romania’s Chamber of Deputies To Investigate Energy Price Hikes As Of Jun 30

16:36, 27 Iun. 2008
The Committee for Industry in Romania’s Chamber of Deputies will investigate last years’ price rise on household natural gas and electricity, the tariffs, the impact of the setting up of the integrated energy holding, and will verify the requests of the economic operators in the energy sector.

U.S. Ford Pays Back Romania AVAS EUR27.5M State Aid In Craiova Auto Plant Deal

15:52, 27 Iun. 2008
U.S Ford paid Romania’s Privatization Agency AVAS Friday the EUR27.56 million illegal state aid granted with the sale of auto-assembly plant Automobile Craiova, the agency said.