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Romanian Pres Says Education Strategy Should Include Student Views

14:03, 19 Apr. 2008
Romanian president Traian Basescu said he hopes the strategy for education, based on the national pact on education, would be completed before the beginning of school year 2008 - 2009.

Romanian Health Min Says Drugs Could Cost Less

13:42, 19 Apr. 2008
Romanian health minister Eugen Nicolaescu said that despite the conduct of medicine distributors, the prices for medicine might be lowered, because there are ways to hide profit in prices.

Romanian Transport Min Fires National Road Co Head

17:44, 18 Apr. 2008
Romanian transport minister Ludovic Orban dismissed the general director of the Romanian Highways and National Roads Company (CNADNR), Mihai Grecu

Barclays’ Director Appointed CEO At Romanian Lender BCR

17:22, 18 Apr. 2008
Barclays’ former director for emerging markets Dominic Bruynseels will be the new CEO of Romania’s largest lender Banca Comerciala Romana, or BCR, the Romanian lender said in a statement Friday.

Romania’s ’07 Budget Deficit Sixth In EU – Eurostat

16:26, 18 Apr. 2008
Romania ranked sixth in the European Union with respect for the budget deficit registered in 2007, with 2.5% of the GDP, while government spending in another 15 community states overtook income, according to data presented Friday by European statistics office Eurostat.

Romanian Prosecutors Wait For Go-Ahead In Probe Against Labor Min

15:39, 18 Apr. 2008
The Romanian anticorruption prosecutors on Friday requested Senate’s approval to start investigations against Labor Minister Paul Pacuraru on charges of bribery, the anticorruption department, or DNA, said in a statement.

Romanian Subway Extends Friday, Saturday Working Hours

15:30, 18 Apr. 2008
Romanian subway trains will be available until midnight on Fridays and Saturdays, starting with April 25, due to customer demands, while the costs for the longer hours will reach 175,000 lei (EUR1= RON3.6066) per month, according to a press release issued by the Ministry of Transport.

Romanian People’s Action Party Merges With Ruling Liberal Party

13:28, 18 Apr. 2008
Members of Romania’s People’s Action party, or AP, unanimously voted favor of the party’s merger with the ruling Liberal Party, or PNL, and party leaders signed the merger protocol Friday.

Constanta-Trieste Oil Pipe Deal To Be Signed In Bucharest, April 22

12:23, 18 Apr. 2008
The partnership agreement between the Romanian, Serbian, Croatian and Italian companies building the Pan-European Oil Pipeline linking Constanta in Romania to Trieste in Italy, could be signed on April 22, in the capital city Bucharest, after the meeting of the interstate committee.

eBay Database Romanian Hacker Arrested

12:02, 18 Apr. 2008
The Bucharest court Friday issued a 29-day arrest warrant for the Romanian accused of repeatedly breaking into email accounts belonging to eBay employees between 2005 and 2007 causing damages of over $2 million.

Romanian Loans Will Continue To Favor Euro – BRD Official

20:28, 17 Apr. 2008
Differences in interest rates, more attractive refinancing in foreign currency and the outlook of the switch to Euro will continue to support the increase of loans in Euro, said the director of the Financial Market Division within BRD-Societe Generale, Claudiu Cercel.

Romanian PM Loses Sleep Over Education, Healthcare Budgets

19:56, 17 Apr. 2008
Romanian Premier Calin Popescu Tariceanu said Thursday that, due to the economic growth, the educational and healthcare systems were allocated significant amounts of money, and that he sometimes thinks at night about the manner in which the money is spent.

There Is No Liquidity Crisis In Romania – Ctrl Bker

19:27, 17 Apr. 2008
Romanian central bank governor Mugur Isarescu feels that Romania is not currently going through a liquidity crisis, since the minimum required reserves are high.

Romania’s Ctrl Bk To Cut Deposit Maturity To One Week

19:04, 17 Apr. 2008
Romania’s central bank considers reducing to one week the timetable for deposits attracted from commercial lenders, deputy director with the bank’s monetary policy division, Dorina Antohi, said Thursday.

Short Film Promoter “Future Shorts” To Enter Romania On April 24

17:56, 17 Apr. 2008
Future Shorts, the world’s largest network of short films, which aims to promote films through monthly events, will enter Romania on April 24, with a series of screenings and an after party with guests including Ada Solomon, Radu Jude, Tudor Giurgiu.

Romanian People Suggest Installments For Car Tax

16:50, 17 Apr. 2008
Participants in the public hearing on the Romanian pollution tax for cars recommended that the Government split the tax in installments, correlate its level to the one paid by other pollutants and widen the taxation base for cars already registered.

Romanian Magistrates No Longer Appointed Without Contest

16:27, 17 Apr. 2008
The Romanian executive on Wednesday amended the legislation on magistrates’ statute, by eliminating the possibility for former judges and prosecutors, as well as for acting lawyers to be appointed magistrates without passing a test.

Italy’s Enel Pays EUR820M For Romanian Pwr Supplier Electrica Muntenia Sud

16:18, 17 Apr. 2008
Italian utility Enel SpA (EN) paid Thursday around EUR820 million for a majority stake in Romania’s regional power distributor Electrica Muntenia Sud, in a much-delayed privatization, Matteo Codazzi, Enel Romania’s president, said in a statement.

Romanian Transp Min To Lower Rail Co’s Land Prices For New Auction

15:05, 17 Apr. 2008
Romania’s Transportation Ministry plans to lower auction prices for the lands belonging to the national railway company CFR, as their current value is above the market price, minister Ludovic Orban said Thursday.

Romania Looks To Own Majority Stake In Nuke JV – FinMin

14:47, 17 Apr. 2008
Romania is looking into ways to retain a majority stake in the joint venture with major investors interested in building two nuclear reactors estimated at EUR2.2 billion, Romanian Finance and Economy Minister Varujan Vosganian said Thursday.

Romanian Social Democrats, Conservatives Signed Collaboration Protocol

14:33, 17 Apr. 2008
The leaders of Romania’s leftist opposition Social Democratic Party and Conservative Party, Mircea Geoana and Daniela Popa, respectively, signed Thursday a political collaboration protocol between the two parties.

Romania Realty Mkt Prices Scary If Real – Ctrl Bker

14:19, 17 Apr. 2008
Romania’s central bank is talking to notaries public to get a real picture of the country’s real estate market, but if prices are real, that is reason for great concern, central bank governor Mugur Isarescu said Thursday.

Romanian Social Democrats Want Woman PM In Next Elections

12:57, 17 Apr. 2008
Romania’s leftist opposition Social Democratic Party leader Mircea Geoana said Thursday in the debate "Leader She. Creative leadership solutions for the 21st century", that the first step to having a majority of women in politics is having a woman prime minister come the next elections.

Romanian Utility Prices To Stay Put Despite Distributor Claims

12:50, 17 Apr. 2008
Romania doesn’t plan to raise natural gas or electricity household bills until July 1, as repeatedly requested by Romanian gas distributors who cited higher gas import costs, Romanian Finance and Economy Minister Varujan Vosganian said Thursday.

Cut-off In Mother-Bank Funding Could Spell Trouble For Two Romanian Banks – Ctrl Bk Official

12:42, 17 Apr. 2008
A total cut-off in financing lines by mother-banks would spell trouble for two Romanian banks and would have a slight impact on the country’s economic growth, Romania’s central bank deputy governor Cristian Popa said Thursday.

Romanian Ctrl Bk Head: Inflation To Hover Around Peak By July

12:05, 17 Apr. 2008
Romania’s inflation will hover over the next three months around the 8.63% peak touched in March, before slowing down in August, Romanian central bank governor Mugur Isarescu said Thursday during a financial seminar.

Romanian Orthodox Church Continues To Observe Law On Securitate Files -Official

23:03, 16 Apr. 2008
The Romanian Orthodox Church (BOR) will continue to observe law 24/2008 on the access to the files of former communist secret police Securitate and exposure of the Securitate, under the form pending adoption in Parliament, hoping any action in this respect will be guided by truth, BOR spokesperson Constantin Stoica said Wednesday.

U.S. Ford To Pay Back Romania EUR27M State Aid By Jun 26

16:28, 16 Apr. 2008
Romania’s privatization agency AVAS will notify U.S. giant Ford it has until June 26 to pay back Romania EUR27 million in illegal state aid granted with the sale of romania’s auto-assembly plant Automobile Craiova.

Analysts Worried About Foreign Negative Sentiment On Romanian Economy

16:07, 16 Apr. 2008
Romanian economic analysts on Wednesday voiced their concern over recent estimations on the country’s financial and banking evolution made by foreign analysts, saying their pessimistic evaluations come at a time when foreign investors show prudence toward emerging markets.

Romanian Construction Mkt To See Record Growth Until 2010 – Report

16:06, 16 Apr. 2008
Romania’s construction sector rose 33.6% last year, to EUR15 billion, and will see record figures in the next two, three years, driven by the improving economic situation and EU accession, according to a report of Polish publishing, consulting and market research company PMR.

CEZ Says Talks For Construction Of Romanian Nukes 3,4 Are Frozen

15:18, 16 Apr. 2008
The talks for building nuclear reactors three and four at Cernavoda nuclear power plant have been halted as the Romanian government has introduced new negotiations terms, Czech CEZ said Wednesday.

Moscow Will Never Decide Who Joins NATO – Romanian President

15:09, 16 Apr. 2008
Romanian president Traian Basescu said Wednesday during a debate that "Moscow will never decide who joins and who doesn’t join NATO".

Romanian Govt Backs Car Tax Even At The Cost Of Votes – PM

14:04, 16 Apr. 2008
The Romanian government will continue to back the pollution tax on cars even if the decision is highly unpopular and could cost the ruling liberal government votes in this year’s elections, Prime Minister Calin Tariceanu said in Wednesday’s cabinet meeting.

Romanian Govt Allows Gift Vouchers Within Budget Limits

13:43, 16 Apr. 2008
The Romanian government amended Wednesday the emergency ordinance banning the granting of gift vouchers to public sector employees, allowing vouchers to be distributed with approved budget limits, labor minister Paul Pacuraru told MEDIAFAX.

Romanian Law On Wealth Control Deemed Unconstitutional

13:28, 16 Apr. 2008
Romania’s Constitutional Court deemed unconstitutional Wednesday the law for the statement and screening of the wealth of dignitaries, magistrates, people with positions in management and control and public servants.

Romanian Social Democrats, Conservatives Sign Political Collaboration Protocol Thursday

13:12, 16 Apr. 2008
Romania’s leftist opposition Social Democratic Party and the Conservative Party will sign a political collaboration protocol Thursday, conservative leader Daniela Popa said Wednesday following a meeting with social democrats.

Romanian Court Deems ArcelorMittal Strike Illegal

13:02, 16 Apr. 2008
The Galati Court Wednesday deemed illegal the general strike of employees of steel pipe maker ArcelorMittal, after the Court of Appeal had ruled Tuesday night to suspend the protest for 30 days.

Romanian Parliament OKs Expropriation Law For Mining Ops

12:48, 16 Apr. 2008
The Romanian Parliament adopted Tuesday a law on speeding up the expropriation of lands necessary for mining exploitation, aimed to hike coal production in order to provide resources to the National Energy System, the Ministry of Economy and Finance said Wednesday.

Romanian Teachers Say No Gift Vouchers For Easter Spells Religious Discrimination

12:04, 16 Apr. 2008
Unions of teachers in Romania’s capital city Bucharest sent an open letter to Prime Minister Calin Tariceanu Wednesday saying the ban on granting gift vouchers creates discrimination on religious criteria.

Romanian Real Estate Leasing Mkt Tripled In 07, To EUR461.3M

11:49, 16 Apr. 2008
Romania’s real estate leasing market tripled on the year in 2007 to EUR461.3 million, according to data from the Romanian Leasing and Non-Bank Financial Services Association, or ALB.