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Romanian Craiova Auto Plant 1Q Net Pft Dn 41% YY To RON261,164

12:03, 16 Mai 2008
Romanian state-owned auto assembly plant Automobile Craiova (AUCS.RO) Friday said its first quarter net profit was down 41% to 261,164 million lei (EUR1=RON 3.6645) from the same period a year before, the plant said in a statement sent to Rasdaq market.

Romanian Forest Fund Up 0.9% To 6.48M Ha In ‘07

10:50, 16 Mai 2008
Romanian forest fund totaled 6.48 million hectares in 2007, up 0.9% from a year before, mostly due to the transfer of some wooded grazing lands into the forest fund, the National Statistical Institute, or INS, said Friday.

Romania Needs Better Law On Settling Work Conflicts-Labor Min

19:51, 15 Mai 2008
Romania’s legislation to settle work conflicts must be improved, as its unclear provisions create difficulties for employers, unions and courts alike, Labor Minister Paul Pacuraru said in a press conference Thursday.

Romanian Supreme Court Admits President’s Appeal In Offended Journalist Case

16:53, 15 Mai 2008
The Supreme Court admitted Thursday president Traian Basescu’s appeal in the “stinking gypsy” case, but still considered the words, which Basescu addressed a TV reporter one year ago, are discriminatory.

Romanian Social Democrats Vie For Higher Maternity Allowance

16:42, 15 Mai 2008
Romania’s leftist opposition Social-Democratic Party (PSD) will submit Monday to the Chamber of Deputies a proposal stipulating the maternity allowance at 85% of gross income, Ana Birchall, head of the education department within PSD, said Thursday.

Romania’s Fondul Proprietatea Deems Entitled To Further EUR160M From BCR Sale

13:58, 15 Mai 2008
Romanian investment fund Fondul Proprietatea must receive further EUR160 million from the sale of the country’s largest lender by assets Banca Comerciala Romana, or BCR, to the EUR88 million already received, the fund’s director general Dana Lulache said Thursday.

Romanian Proprietatea Fund To List At Beginning Of ’09

13:34, 15 Mai 2008
Romania's investment fund Fondul Proprietatea, which was set up in December 2005 to compensate Romanians for the non-return of confiscated property, will be listed on the Bucharest Stock Exchange at the beginning of 2009, the fund’s general manager Dana Lulache said Thursday.

Romanian Steel Pipe Mkr ArcelorMittal Unionists Protest Against Labor Min

12:55, 15 Mai 2008
Some dozens of representatives of the Romanian Solidaritatea Union within steel pipe maker processor ArcelorMittal Galati gathered Thursday morning in front of the Ministry of Labor, where they organized a protest expected to be joined by some 400 unionists.

Italy Should Clearly Motivate Immigrant Expulsions – EU Commissioner

12:50, 15 Mai 2008
Italy needs to prove the urgency and seriousness of threats posed by immigrants to motivate individual expulsions, European Commissioner for Multilingualism Leonard Orban said, cited by Italian daily Corriere della Sera.

Romania’s 1Q Curr Acct Def Widens 11% On Yr To EUR3.519B

12:13, 15 Mai 2008
Romania’s current account deficit widened 10.9% on the year in January-March to EUR3.519 billion, from EUR3.173 billion in the year-earlier period, on higher trade deficit.

Romanian PM Says EU Eco-Measures Must Keep The Industry In Mind

11:54, 15 Mai 2008
European environment protection legislation needs to impose strict rules, but also to allow the industry to survive, without forcing companies to transfer their activities in areas where there are no eco-regulations, said Romanian prime minister Calin Tariceanu.

Tranquilized Bear Stuck On Rooftop Central Romania

11:15, 15 Mai 2008
A female bear was stuck for about two hours on a rooftop Thursday morning in Brasov, central Romania, after it was sedated by an intervention team.

Drought To Hit Romania In ’08

20:35, 14 Mai 2008
The year 2008 will be a year stricken with drought, according to meteorological and hydrological forecasts, therefore important agricultural surfaces need to be irrigated, said the president of the Romanian National Administration for Land Improvement (ANIF), Nicolae Maracine.

Romanian Software Indus Lost $151M To Piracy In ’07

19:26, 14 Mai 2008
Piracy caused losses registered by the Romanian software industry grew, in 2007, to $151 million, from $49 million five years ago, even if piracy levels dropped from 73% to 68%, according to a study published Wednesday by Business Software Alliance (BSA).

Romania’s Banking Risk Ctrl Office Registered 882,500 Debtors In 1Q, Up 68% On Yr

15:36, 14 Mai 2008
Romania’s Banking Risk Central Office within the central bank registered 882,582 debtors end-March, up 68.19% compared to March 2007, with total debts reaching 186.2 billion lei (EUR1=RON3.6678), up 63.69% on the year.

Italy’s Anti-Migration Measures Target Non-EU Nationals – Romanian PM

15:11, 14 Mai 2008
Italy’s new anti-migration measures address the nationals from countries outside the European Union and the authorities have no intention to set up norms that would affect communitarian citizens, Romanian Premier Calin Popescu Tariceanu said Wednesday.

Romanian Social Democrats Mull Collaboration With Liberals After Local Polls

14:49, 14 Mai 2008
The honorary president lf Romania’s leftist opposition Social Democratic Party said Wednesday he does not exclude a collaboration with ruling liberals after local elections, but firmly ruled out any such relations with democrat liberals.

Two Million Romanians Deemed Bad Loan Payers Over 4-Yrs – Credit Bureau

14:03, 14 Mai 2008
Two million Romanians of a total of 4.8 million within the Credit Bureau account deemed to be bad loan payers in the last four years, the bureau’s director general Serban Epure said Wednesday.

Romanian Writer Pop Simion Dies At 77

13:10, 14 Mai 2008
Romanian writer, journalist and former ambassador to Hungary during 1990-1992, Pop Simion, 77, died Monday in Hungarian city of Pecs after a long battle against an unbearable disease.

Romania Banking Assoc Determined To Back Credit Bureau Activity

12:44, 14 Mai 2008
The Romanian Banking Association, or ARB, might ask authorities to allow service providers, especially mobile telephony operators, to provide client data to the Bucharest Credit Bureau, ARB president Radu Gratian Ghetea said Wednesday.

Romanian Transporters Cancel Wednesday Protests

10:39, 14 Mai 2008
Romanian road transporters, who organized protest marches on Bucharest’s beltway Monday and Tuesday, decided to cancel their protests Wednesday after Prime Minister Calin Tariceanu said he would meet with them next week.

Romanian Actor Colea Rautu Passed Away

21:06, 13 Mai 2008
Romanian theater and film actor Colea Rautu passed away Tuesday, at the University Emergency Hospital in Bucharest, as he suffered from cirrhosis.

Romanian Interior Min Warns Transporters To Stop Protests

20:22, 13 Mai 2008
Romanian interior minister Cristian David said that if the road transporters who “intentionally” blocked traffic continue their action, he will instruct law enforcers to take the most drastic of measures, adding that law violations will not be tolerated.

Romanian Labor Min Said Labor Force Is Poorly Trained

19:52, 13 Mai 2008
One of the real problems faced by Romanian employers is the poor training of the labor force, this being caused by the lack of motivation for education and training manifested by youth, said Romanian labor minister Paul Pacuraru.

Romanian Ex-Environ Min Calls PM Liar Over Car Tax Issue

19:00, 13 Mai 2008
Romanian Premier Calin Popescu Tariceanu told an “outrageous lie” when he claimed the authorities will refund the money collected for the tax on car registration, former environment minister Sulfina Barbu said Tuesday.

Romania Grand Prix In Bucharest

18:39, 13 Mai 2008
The owner of the license for the organization around the Romanian Parliament Palace of a FIA GT race, Nicolae Serbu, and the former managers of the Imola circuit met Tuesday to discuss the possibility of unfolding in Bucharest one round in the World Championship.

Romanian Agric Ministry Employees Protest For 75% Pay Hike

16:32, 13 Mai 2008
Employees within the Romanian Ministry of Agriculture initiated a protest action against the government emergency ordinance cancelling the 75% hike of base salaries. The employees threaten to go on strike in the upcoming days if the executive does not reconsider the decision.

Romania’s Petrom Hikes Pump Prices By RON0.12 Per Liter

16:22, 13 Mai 2008
Romania’s largest oil company Petrom SA (SNP.RO) hiked Monday gasoline and diesel oil pump prices by 0.12 lei (EUR1=RON3.6632) per liter, after a similar price hike last week, the company said in a statement.

Romanian Govt Already Regulated Car Tax Issue – PM

15:58, 13 Mai 2008
The Romanian government already solved the car tax issue with the ordinance that introduces the pollution tax for cars, Prime Minister Calin Tariceanu said Tuesday after the Senate decided to cancel the car tax.

Romanain Parliament Bans Fast-Foods In Schools

15:47, 13 Mai 2008
The Romanian Chamber of Deputies enacted Tuesday a legislative initiative stating that state and private schools are not allowed to prepare, sell and distribute food that is inadequate for pupils and school children.

Romanian Aro Buyer Says PM Is Misinformed

15:14, 13 Mai 2008
Nicolae Ratiu, owner of Landmark Management, which bought last year the country’s sole off-road vehicle manufacturer Aro Campulung, said Prime Minister Calin Tariceanu is misinformed when he says the company is looking into real estate.

Romania’s Dacia Starts Trading New Sandero Hatch In June

15:00, 13 Mai 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR), will launch its brand new five-door hatch Sandero in June, Dacia president Francois Fourmont said Tuesday.

Romanian Senate Cancels Car Tax, Stipulates Refunds In 90 Days

14:20, 13 Mai 2008
The Romanian Senate in plenary session Tuesday adopted a daft law initiated by the Democratic Liberal Party which cancels the car tax and stipulates the money collected for the tax is to be paid back within 90 days of the payer’s request.

Romanian PM Urges Indus Park Creation S Romania

13:05, 13 Mai 2008
Romanian Prime Minister Calin Tariceanu said Tuesday he will ask the Arges county council and the mayoralty in Campulung, southern Romania, to set up an industrial park to attract Renault’s suppliers and criticized the buyer of off-road vehicle maker Aro saying it is interested in real estate.

Renault To Invest EUR600M In Romania In Next 3 Yrs – PM

12:58, 13 Mai 2008
French automaker Renault Group plans to invest around EUR600 million over the next three years in Romania, in a bid to match the investment plans of its rival U.S. giant Ford, Romanian Prime Minister Calin Tariceanu said Tuesday.

French Carmaker Renault Opens Gearbox Plant In S Romania

12:34, 13 Mai 2008
French carmaker Renault Tuesday opened a gearbox plant on the platform of its local division Dacia in Mioveni, southern Romania.

Romanian Road Transporters Protest On Bucharest Beltway

11:20, 13 Mai 2008
Over 150 road transporters put their trucks in motion Tuesday morning, around 08:00 local time, in the area of Bucharest - Pitesti A1 highway, on Bucharest’s beltway, after a nearly five-hour protest on Monday morning.

Christian-Democrat VP Sues Romanian President Over Political Discrimination

20:25, 12 Mai 2008
Aurelian Pavelescu, vice-president of the National Christian-Democratic Peasants' Party (PNTCD), who runs for the Bucharest mayor seat, Monday said he would sue democrat liberal President Traian Basescu over political discrimination.

Romania’s Economy Seen Growing 7.5% In 1Q – Fin Min

18:56, 12 Mai 2008
Romania’s economy is seen growing by 7.5% in the first quarter of 2008 compared with 6% growth in the same period last year, on higher output in the construction and services sectors, Romanian Finance Minister Varujan Vosganian said Monday during a press conference.

Romanian Fin Min, Fuel Prod, Traders To Have Talks On Price Hike

18:49, 12 Mai 2008
Representatives of Romanian Ministry of Economy and Finance will have talks with fuel producers and traders on increasing prices, Romania’s Finance Minister Varujan Vosganian said Monday.