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Romania’s Prognosis Commission Ups 2008-2013 Wages Growth Forecast

14:34, 25 Sept. 2008
Romania’s Prognosis Commission, or CNP, revised upwards its estimations for the salary growth between 2008 and 2013, seeing a net average salary of 1,260 lei (EUR1=RON3.6773) this year and to RON1,930 in 2013.

Romanian Prognosis Commission Ups ’08 GDP Growth Forecast To 9.1%

14:18, 25 Sept. 2008
Romania’s Prognosis Commission, or CNP, revised its forecast for the 2008 gross domestic product GDP growth to 9.1%, much higher than 6.5% growth rate previously estimated, the commission’s fall preliminary prognosis revealed.

Romanian Court Rules To Keep Govt Decision Setting Election Constituencies

12:45, 25 Sept. 2008
The government decision setting uninominal constituencies for Romania’s upcoming general election stays in effect, according to a ruling of the Bucharest Court of Appeals Thursday.

Romania’s Fin Min Says Gas Price To Remain Unchanged On Oct 1

11:50, 25 Sept. 2008
Natural gas prices will not be increased as of October 1, Romania’s Economy and Finance Minister Varujan Vosganian said on Thursday, before attending a press conference.

Italian Court Begins Hearings In Murder Trial Of Romanian National

11:35, 25 Sept. 2008
A Rome Court on Thursday starts hearings in the trial of Romanian national of Roma origin Nicolae Romulus Mailat, who is accused of murdering a 47-year-old Italian woman in October last year.

Romanian Farmers Get RON200/Ha For Autumn Crops – PM

21:12, 24 Sept. 2008
The Romanian government will allocate a subsidy of 200 lei (EUR1=RON3.6690) per hectare to small farmers for the autumn crops for 120 hectares total per farm, Premier Calin Popescu Tariceanu said Wednesday.

One Dies In Fuel Tank Blast C.Romania

20:59, 24 Sept. 2008
One Romanian died in a fuel tank blast in Dambovita county, central Romania, officials said Wednesday.

Romania’s Dacia To Sell Logan VAN, Logan Pick-Up On 18 New Mkts

20:11, 24 Sept. 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR), on Wednesday said will add from next year 18 new markets to its international distribution network for the utility vehicles Logan VAN and Logan Pick-Up.

The Euro Adoption Timetable Will Be Kept – Romanian PM To Pres

19:40, 24 Sept. 2008
The Euro adoption timetable was set by the Government with central bank advice and it will be kept, said Romanian Prime Minister Calin Tariceanu answering president Traian Basescu who stated earlier today that the timetable might not be kept.

Romania’s Dacia To Show Logan MCV Facelift In Paris

18:49, 24 Sept. 2008
Automobile Dacia SA, the Romanian unit of French carmaker Renault (13190.FR), will present its Logan MCV facelift at the Paris Motor Show in October, Dacia general manager Francois Fourmont said Wednesday.

Romania’s Govt Approves Third Budget Revision

18:48, 24 Sept. 2008
Romanian Government approved Wednesday the third budget revision in 2008, maintaining the budget deficit at 2.3% and increasing revenues by RON6.4 billion (EUR1=RON3.6690) and expenses by RON7 billion.

Romanian President Signs Decree To Dismiss Labor Minister

16:26, 24 Sept. 2008
Romanian President Traian Basescu on Wednesday signed the decree dismissing Paul Pacuraru from position of Labor Minister, the presidency said in a statement.

Romanian President Voices Out Deficiencies In Education, Healthcare Systems

15:58, 24 Sept. 2008
Romanian President Traian Basescu voiced out Wednesday, in his address in Parliament, the deficiencies in the country’s education and healthcare systems, saying the education system deepens the gap between children in rural and urban areas, while the healthcare system is inefficient.

Romanian Invest Fund Proprietatea To Contribute EUR10M To Pwr Distributors’ Shr Cap Hikes

14:57, 24 Sept. 2008
Romania’s investment fund Fondul Proprietatea will contribute some EUR10 million in the share capital increases of unprivatized power distribution branches of former monopoly Electrica, to keep its 22% in the companies, fund general manger Dana Lulache told a news conference Wednesday.

Nokia To Pay Local Mayoralty RON1.2M Per Year In Taxes

14:22, 24 Sept. 2008
The mayoralty in Jucu, northwestern Romania, will receive annually 1.2 million lei (EUR1= RON3.6690) from Finnish telecom giant Nokia, as payment for local taxes, buildings, land and salary taxes, which will be assigned to investments, mayor of the commune Jucu, Dorel Pojar said Wednesday.

Bucharest Citizens Might Be Spared A Cold Winter As Heating Debts Could Be Covered

14:01, 24 Sept. 2008
The director of Bucharest heating distributor RADET, Virgil Ramba, told MEDIAFAX that heating will not be cut in Bucharest this winter, as City Hall and the Government are currently “making efforts” to pay RADET’s debts to ELCEN, the country’s largest thermal energy producer.

Romania President Criticizes Country’s Failure To Use EU Funds

13:45, 24 Sept. 2008
Romanian President Traian Basescu criticized in his address to Parliament Wednesday the country’s poor absorption of European Union funds to modernize transport infrastructure.

Romania Vehicle Registration Proof Valid For Three Mos As Of Sept

12:48, 24 Sept. 2008
The validity of vehicle registration proof was extended up to three months, starting September, after the Romanian Automotive Registry (RAR) discussed the issue with the country’s Driving License and Car Registration Department (DRPCIV).

Romanian President Criticizes Lawmakers’ Failure To Wipe Out Corruption

12:39, 24 Sept. 2008
Romanian President Traian Basescu criticized lawmakers in his address in Parliament Wednesday saying political parties not only didn’t stick to their commitment to get the European Commission to stop monitoring the justice field, but also hindered prosecutors’ efforts.

Romanian CEC Depositors To Receive Compensations As Of Oct 30

11:54, 24 Sept. 2008
Romanians who deposited money in savings bank CEC to buy Dacia cars will receive compensations starting October 30, two months earlier than planned.

Romania’s Fondul Proprietatea To Sue Fin Ministry To Regain 20% Stake In Nuclearelectrica

11:42, 24 Sept. 2008
Romania’s investment fund Fondul Proprietatea intends to sue the Economy and Finance Ministry to regain the remaining stake until 20% in nuclear power operator Nuclearelectrica, after this had been lowered following several share capital hikes made by the nuclear plant.

Graffiti Artists Paint Bucharest Police Fence In Violence Prevention Campaign

11:40, 24 Sept. 2008
A group of graffiti artists will paint on panels surrounding the headquarters on the Bucharest Police Thursday starting noon, part of a violence prevention campaign, event organizers said.

Romanian President Vows To Work With Any Govt Up To Country’s Challenges

11:22, 24 Sept. 2008
Romanian President Traian Basescu told lawmakers Wednesday he will work with any government that is ready to take on the country’s challenges and does not serve oligarchic interests.

Tax On Revs From Stock Exchange Invests Might Be Eliminated In ’09 – Fin Min

11:14, 24 Sept. 2008
Romania’s Economy and Finance Minister Varujan Vosganian said Wednesday that the taxes on revenues resulted from stock exchange investments would be eliminated in 2009.

Romania’s Nuclearelectrica To List On Stock Exchange In 1H ‘09

10:22, 24 Sept. 2008
Romania’s state-owned nuclear energy company Nuclearelectrica will be listed on the Bucharest Stock Exchange in the first half of next year, Economy and Finance Minister Varujan Vosganian said Wednesday.

The Media Is Not A Power If It Partakes In Political Score Settling – Romanian Pres

20:51, 23 Sept. 2008
Romanian president Traian Basescu said Tuesday in an event organized by the American Chamber of Commerce in Romania that the media is no a power in society if it takes part in score settling between politicians, only if it performs social critique based on the actions of the state.

In A Neutral State The Parliament Does Not Choose Sides – Romanian Pres

20:02, 23 Sept. 2008
Romanian president Traian Basescu said Tuesday, in an event organized by the American Chamber of Commerce and attended by Prime Minister Tariceanu as well, that in a neutral state the Parliament does not issue laws to favor entities and the Government does not negotiate with groups of interests.

Romanian Inflation May Slow To 6% By Yr-End – Isarescu

19:53, 23 Sept. 2008
Romanian inflation is on a downward path and might even go as low as 6% by the end of the year, central bank Governor Mugur Isarescu said at a press conference Tuesday.

Romanian Bank System’s Solid Capitalization Protects It From Intl Crisis – Bker

18:39, 23 Sept. 2008
The Romanian banking system is less vulnerable to the international financial crisis as it has a solid capitalization and it is exposed solely on the local market, where yields are high, central bank governor Mugur Isarescu said Tuesday at a press conference.

Police Proceedings No Longer Required In Case Of Victimless Car Crashes As Of ‘09

17:13, 23 Sept. 2008
CASCO-insured Romanian drivers will be able to skip police proceedings from January 1, 2009 in case of traffic accidents resulting only in car damage, the country’s insurance regulator CSA said Tuesday.

Romanian Health Min To Temporarily Fill Labor Min Position

16:38, 23 Sept. 2008
Romanian health minister Eugen Nicolaescu told MEDIAFAX Tuesday that he accepted the prime minister’s proposition and will also fill the position of labor minister temporarily.

Romania, Third In EU By Petitions To European Parliament

16:28, 23 Sept. 2008
Romania ranks third among European Union states, after Spain and Germany, in terms of petitions submitted to the European Parliament.

Romanian Suspended Labor Min To Advise PM During Suspension Time

16:01, 23 Sept. 2008
Romania’s suspended labor minister Paul Pacuraru said discussions with the pension houses led to the conclusion that the recalculation of pensions for labor groups will not encounter changes.

Suspension Decision Is Politically Motivated, Unjust – Labor Min Pacuraru

15:39, 23 Sept. 2008
The decision of Romania’s president Traian Basescu to suspend the labor minister is “unjust and politically motivated,” the suspended labor minister Paul Pacuraru told a press conference Tuesday.

Low-Cost Airliners To Transfer Flights Onto Henri Coanda Airport Sept 29-Oct 12

14:32, 23 Sept. 2008
Low-cost airliners will transfer all their flights onto the International Airport Henri Coanda, between September 29 and October 12, as the airport Aurel Vlaicu in Baneasa is closed for maintenance works.

Romania Is EU’s Second-Most Corrupt Country – Transparency International

14:08, 23 Sept. 2008
Romania is no longer the most corrupt country in the European Union as in 2007, according to the most recent corruption perceptions index published Tuesday by Transparency International, which has Bulgaria filling that top spot.

ELCEN: Bucharest, Constanta Might Be Only Partially Supplied With Heat In ’08-’09 Winter

13:39, 23 Sept. 2008
Citizens in Romania’s capital city Bucharest and the southeastern city of Constanta might be only partially supplied with heat during this winter, due to the EUR450 million debts the two local units of heating company RADET have towards power producer Electrocentrale Bucuresti ELCEN.

Romanian PM Frowns On Used Car Purchases, Blames It On EU Laws

13:05, 23 Sept. 2008
The softened taxation system on used car purchases in Europe, which is backed by "loopholes" in the European Union legislation in the field, triggered an increase in used car imports and a decrease in new car sales, Romania‘s Prime Minister Calin Popescu Tariceanu said Tuesday.

Romanian PM, Suspended Labor Min Discussed Decision Effects

12:30, 23 Sept. 2008
Romanian Prime Minister Calin Tariceanu and labor minister Paul Pacuraru met Tuesday morning for half an hour to discuss the effects of the decree signed by President Traian Basescu, suspending Pacuraru from his position.

Romanian PM Sees Inflation Slowing To 4% In ’09

11:03, 23 Sept. 2008
Romania’s inflation is seen slowing in 2009 to a year-end rate of 4%, Prime Minister Calin Popescu Tariceanu said Tuesday.