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Ford Fusion Replacement To Be Built In Romania – Sources

11:46, 13 Oct. 2008
Ford Europe will build the vehicle which is to replace the current Fusion model in its Craiova-based plant in southern Romania, Automotive News Europe (ANE) reported Monday, citing sources close to the matter.

Romanian PM Demands Populism, Communism Be Left Out Of State Companies’ Wage Policy

10:52, 13 Oct. 2008
Romanian Prime Minister Tariceanu demanded that “populism and communism” be left out when it comes to the salaries earned by managers of state-owned companies, which should be established according to their achievements, according to criteria applied in the private sector.

Romanian Shrs Soar In Early Trade, SIFs Strenghten

10:48, 13 Oct. 2008
Romanian shares opened higher Monday, with the five regional investment funds, or SIFs, gaining ground, brokers said.

Romanian Liberals Most Likely To Form Next Govt Together With Social Democrats – VP

16:46, 12 Oct. 2008
Romania’s liberal party will most likely form an alliance with the current leftist opposition Social Democratic Party, or PSD, after the upcoming elections, liberal deputy president, Crin Antonescu, said Sunday.

Romania’s Ctrl Bk Hikes Minimum Deposit Guarantee To EUR50,000

14:46, 12 Oct. 2008
The minimum deposit guarantee in Romanian banks will be increased to EUR50,000 from EUR20,000 over the next few days, the central bank said in a statement.

Romania Medicine Deliveries On Stand-By Until Oct. 15

15:52, 11 Oct. 2008
Romanian medicine suppliers on Saturday said drug deliveries are suspended until at least October 15, pending new price negotiations with the Health Ministry.

Romanian PM Demands Salary Report For Govt-Run Agencies

15:21, 11 Oct. 2008
Romanian Premier Calin Popescu Tariceanu on Saturday demanded the head of Chancellery, Dorin Matei, presented a report on the salaries and bonuses earned by managers of the country’s regulatory authorities, the executive said in a statement.

Wage Hikes Should Correspond To Inflation, Economic Growth – Prv Auth Head

19:24, 10 Oct. 2008
The increase of state employees’ wages to be granted this period should correspond to the inflation rate and the economic growth, so as not to hurt Romania’s economy, head of the privatization authority Teodor Atanasiu told a press conference Friday.

Romanian Far-Rightists, Democrat-Liberals Eye EUR5B From Forex Reserve For Agriculture

16:28, 10 Oct. 2008
Romania’s far-right Grater Romania Party and the Democratic Liberal Party submitted a draft law to the Senate stipulating the assignment of EUR5 billion from Romania’s foreign exchange reserves for the development of agriculture.

Romanian President Challenges Constitutionality Of Court Of Accounts Law

16:06, 10 Oct. 2008
Romanian president Traian Basescu Friday challenged the constitutionality of the law on the Court of Accounts, the Constitutional Court’s press office told MEDIAFAX.

Romanian Constitutional Court To Discuss Teachers’ Wage Law Oct 15

15:33, 10 Oct. 2008
Romania’s Constitutional Court will debate on October 15 the government’s notification on the law raising teachers’ wages by 50%.

Romanian Medicine Distributors Cease Deliveries, Pharmacies Near Stock-Outs

15:12, 10 Oct. 2008
The National Council of the Romanian Pharmacists’ College announced that medicine distributors halted deliveries as the prices of medicine are struck by the Romanian currency’s depreciation, and medicine stocks are about to be depleted.

Five Children In W Romania Hospitalized After Blast, Blaze

15:11, 10 Oct. 2008
Five children in western Romanian locality Belint, Timis county, wound up in the hospital Thursday night, with sever burns, as the house they lived in blew up then caught fire because one of the children threw a bottle of fuel into the stove.

Romania Ctrl Bk Sells EUR40M To Support Leu On Forex Mkt

15:06, 10 Oct. 2008
The National Bank of Romania admitted it has sold EUR40 million on the foreign exchange market Friday to test the market’s functionality, according to its spokesperson, after dealers said the central bank stepped in to support the national currency leu.

Most Romanians Unaffected By Stock Mkt Crisis – President

14:20, 10 Oct. 2008
Romanian President Traian Basescu said Friday that turmoil on international capital markets will not have an impact on Romania if institutions are cautious, because Romanians haven’t invested much in the stock exchange.

Govt Cannot Undertake To Fulfill Future Commitments- Romanian President

14:18, 10 Oct. 2008
Romanian President Traian Basescu said Friday the government, which is only 20% supported in Parliament, cannot undertake to fulfill the commitments of the future government to be formed after the general polls on November 30.

Romania Ctrl Bk Intervenes On Forex Mkt To Support Leu

13:56, 10 Oct. 2008
The National Bank of Romania intervened on the forex market on Friday in order to support the national currency, following the high volatility of the leu in the first part of the trading session, dealers said.

Romanian President Rages Against High Salaries Of Govt Agencies Heads

13:10, 10 Oct. 2008
Romanian President Traian Basescu said Friday, referring to the huge salaries of several heads of government agencies, that these agencies gradually became the “money land” of the government‘s political clientele.

Romanian President Calls On Officials To Tackle Wage Hike Issue Responsibly

12:04, 10 Oct. 2008
Romanian President Traian Basescu called on the government, lawmakers and unions Friday to responsibly tackle the challenged issue of wage hikes that has been on everybody’s lips lately.

Shrs, Derivatives To Trade On Bucharest Stock Exchange End-Friday

11:20, 10 Oct. 2008
The board of the Bucharest Stock Exchange extended the “Pre-open” status of the Friday session for all the main shares and derivatives by the end of the day, while state bonds and treasury bills will have the usual trading program.

Romanian Leu Opens In High Volatility Vs Euro

11:02, 10 Oct. 2008
The Romanian leu opened Friday in an extremely high volatility, with the exchange rate registering variations, due to the fear of risk on international markets, following the collapse of international stock markets.

Romania’s 8-Mo Trade Def Up 9.3% On Yr To EUR14.57B

10:06, 10 Oct. 2008
Romania’s January-August trade deficit rose 9.35% on the year to EUR14.57 billion, from EUR13.33 billion in the same period a year earlier, the National Statistics Institute said Friday.

Romania Sept Inflation +0.4% MM, Annual CPI Slows To 7.3%

10:04, 10 Oct. 2008
Romania's consumer price index grew by 0.4% on the month in September, mainly driven by an increase in prices for services, but annual inflation slowed to 7.3%, due to a favorable base effect, the National Statistics Institute said Friday.

Romanian Public Servants Picketed Govt HQ

17:08, 09 Oct. 2008
Members of Romania’s National Union of Public Servants (SNFP) picketed the Government for two hours on Thursday, demanding a 50% wage hike and legal protection for control institutions’ employees.

Intl Fincl Turmoil, Proof That Capitalism Requires Capital – Romania’s PM

16:50, 09 Oct. 2008
The international financial turmoil is a clear example that capital is a prerequisite for capitalism, Romania's Prime Minister Calin Popescu Tariceanu said Thursday in Rome, saying these problems should not be long lasting.

Romanian Postal Co. Posta Romana Opens 6 Offices In Spain

16:23, 09 Oct. 2008
Romania’s state-owned postal company Posta Romana invested EUR200,000 in six post offices in Spain, company general manager Dan Mihai Toader said Thursday.

Romania, Italy To Act Together For The Social Integration Of Rroma People

16:12, 09 Oct. 2008
Romanian Prime Minister Calin Tariceanu and Italian Prime Minister Silvio Berlusconi, agreed Thursday during the bilateral summit organized in Rome to initiate together actions aimed at the social integration of Rroma people, both on Romanian and Italian territory.

Romania’s Stock Exch Cannot Fix The Indices Colors – Bourse Pres

15:20, 09 Oct. 2008
Bucharest Stock Exchange, or BVB, cannot set the stocks trend, nor the price limits, and investors should cut their emotions and not panic, BVB general manager Stere Farmache said on Thursday.

Romanian Bks Unaffected By Intl Crisis, On Careful Supervision – Official

14:04, 09 Oct. 2008
All Romanian banks are carefully supervised, and they face no problems, Petru Rares, president and general manager of Romanian Banking Institute IBR, said Thursday in a press conference, speaking about the effects of the international financial crisis.

Romanian Leu Strengthens Vs Euro In Early Trade

11:18, 09 Oct. 2008
The Romanian leu opened lower against the euro Thursday, but strengthened constantly in early trade, in line with currencies on the emerging markets, and supported by a possible intervention of the central bank, traders said.

Nearly 100,000 Romanian State Employees Go On Warning Strike

10:30, 09 Oct. 2008
Nearly 100,000 public servants affiliated to the Romanian Federation of Public Servants’ Unions Sed Lex went on a two-hour warning strike Thursday morning, and threaten general strike on October 16.

Romanian Banks Stop Interbank Lending On Market Rumors

19:08, 08 Oct. 2008
The Romanian banks have stopped interbank lending due to market rumors, but the liquidity was ensured from other sources, the head of the National Bank of Romania supervision department Nicolae Cinteza said Wednesday.

Romanian Govt Approves National Pwr Holding Setup

18:41, 08 Oct. 2008
The Romanian government has decided on Wednesday through emergency ordinance to establish the national energy company, which groups nearly 50% of the country’s power production.

Romanian Suspends Tax On Stock Exchange Invest Profit In ’09 – PM

18:02, 08 Oct. 2008
The Romanian Government decided Wednesday that profits made from stock exchange investments would not be taxed in 2009, Prime Minister Calin Popescu Tariceanu said.

Romanian Ctrl Bker: People Shouldn’t Withdraw Deposits, No Bk Has Problems

18:01, 08 Oct. 2008
Deposits in the Romanian banking system are safe, as no bank is confronting liquidity problems for the moment, the head of the National Bank of Romania’s supervision department Nicolae Cinteza said Wednesday.

Romanian Lawmakers Add Dormition Of The Virgin To Legal Holidays

16:46, 08 Oct. 2008
Romanian deputies decided Wednesday to declare August 15, when Romanian Orthodox Christians celebrate the Dormition of Virgin Mary, a legal holiday, accepting President Traian Basescu’s Labor Code reexamination request.

Romanian Deputies Voted Initial Content Of Law On Nationalized Houses

15:04, 08 Oct. 2008
Romanian deputies rejected Wednesday with 117 "pros," 79 "cons" and 28 abstentions the report of the committee for legal matters with the Chamber of Deputies regarding President Traian Basescu’s request to re-examine the law on nationalized houses.

Romanian Constitutional Court Overrides Senate On Prosecutor Appointment Issue

14:58, 08 Oct. 2008
The Romanian Constitutional Court decided Wednesday, with a majority of votes, that the amendments brought to the law governing the High Council of the Magistrates regarding the appointment of chief prosecutors, are unconstitutional.

Romanian Police Shoots Teenager During Botched Robbery

13:00, 08 Oct. 2008
One 14 year-old teenager in a southeastern Romanian commune ended up in the hospital, Tuesday night, after being shot by the police as he was trying to flee the scene of a botched robbery at an old woman’s home.

Bucharest Stock Exchange Board Recommends Resuming Trade Thursday

12:48, 08 Oct. 2008
The Bucharest Stock Exchange proposed that brokers resume trading on Thursday by the usual calendar, and keep transactions suspended all day Wednesday.