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Romanian Oil Pipe Springs New Leak, Floods Farmland

18:48, 20 Mart. 2008
A new leak sprung in the oil pipeline cracked yesterday in Arges county, flooding with some one ton of crude oil two households and four farmlands and one fishing lake.

Romanian Prosecutors Probe Agriculture Payment Agency – Sources

17:20, 20 Mart. 2008
Romanian anticorruption prosecutors launched a probe into an alleged illegal auction organized by the farming payment agency APIA to buy ATVs, people close to the matter said Thursday.

Romanian Govt Control Dept Finds Agriculture Agency Auction Illegal

16:06, 20 Mart. 2008
The Romanian government’s control body asked the Ministry of Agriculture and the Public Procurement Authority to sanction the guilty parties in the auction organized by the agriculture payment agency APIA to buy ATVs, where a noncompliant bid was accepted.

Romanian Shrs Hit 18-Mo Low, Financials Worst Hit

15:10, 20 Mart. 2008
Romanian shares hit an 18-month low Thursday, amid average traded values, with Romanian lenders taking the worst hit, as low investor confidence triggered a massive sell-off in shares across the board, brokers said.

Bucharest District 5 Mayor Joins Race For Bucharest Mayoralty

14:28, 20 Mart. 2008
Mircea Geoana, leader of Romania’s leftist opposition Social-Democratic Party (PSD) Thursday said his party chose to validate the decision of the party’s Bucharest branch regarding the candidacy of Bucharest district 5 mayor, Marian Vanghelie, for general mayor.

Romanian Construction Mkt Seen Up 35% This Year, To EUR14B

14:26, 20 Mart. 2008
The Romanian construction market is seen increasing 35% this year to EUR14 billion, fueled by EU structural funds and investments in infrastructure, according to data of the Romanian Association of Construction Entrepreneurs, cited by Arad-based Contor Group.

Northern, Southern Romania Could Be Hit By Floods In Next 3 Months

13:37, 20 Mart. 2008
Regions in northern and southern Romania could be hit by floods in April, May and June, according to a hydrological forecast made public Thursday by the National Institute for Hydrology and Water Administration.

Employees Of Carmaker Dacia Start General Strike Monday

13:28, 20 Mart. 2008
Employees of Romanian carmaker Dacia Pitesti, the local division of French Renault, go on general strike March 24, after failed negotiations for higher salaries, union deputy leader Ion Iordache said Thursday.

Romanian Ex Agric Min Muresan Could Not See Prosecution File In Bribe Case

11:40, 20 Mart. 2008
Romania’s former agriculture minister Ioan Avram Muresan, prosecuted in the bribery case involving former agriculture minister Decebal Traian Remes, did not see the file containing the charges brought against him.

Car Of Romanian Interior Min Involved In Traffic Accident

11:38, 20 Mart. 2008
The car of Romanian minister of interior Cristian David was involved in a car accident on Thursday morning in Bucharest’s district 1, said the ministry’s spokesperson Marius Tache.

Bucharest Court Of Appeals Suspends Privatizations Trial

10:28, 20 Mart. 2008
The Bucharest Court of Appeal on Wednesday suspended the trial regarding the privatization of several strategic industrial assets in which former counselors Dorinel Mucea and Mihai Donciu, as well as international consultant Stamen Stanchev were charged with treason.

Romania To Back Moldova’s Efforts Toward EU Accession Regardless Govt Formula-FM

21:08, 19 Mart. 2008
Romania maintains its policy to support Moldovan endeavors toward EU accession, regardless of the country’s government formula, foreign minister Adrian Cioroianu said Wednesday.

Rompetrol CEO Sees Bucharest As Balkans’ Future Financial Capital

20:07, 19 Mart. 2008
Rompetrol president Dinu Patriciu on Wednesday said Bucharest could become the “financial capital” of Balkan area.

PM Calls For Caution In Investigations Regarding Nokia Plant In Romania

19:08, 19 Mart. 2008
Romanian Prime Minister Calin Tariceanu said on Wednesday the country’s Anticorruption Department must handle with more care subjects regarding important investors like Finnish company Nokia in order not to scare the investors away.

Romanian Mobile Telephony Customers Top Country Population Number

19:01, 19 Mart. 2008
Romania’s top three mobile telephony operators, Orange, Vodafone and Cosmote, had together 22.236 million customers at the end of 2007, exceeding by over half a million the population in the country, of 21.565 million people.

Romanian PM Says Min Liability Law Should Be Independent Technocrat Made

17:20, 19 Mart. 2008
Romanian prime minister Calin Tariceanu said he wants a new law on minister liability that would make the ministers more responsible, but which does not leave the ministers “at the hands of political abuse” by the presidency.

Romania Former WBO World Champ Mihai Leu Runs For Hunedoara Mayoralty

16:00, 19 Mart. 2008
Romania’s Conservative Party on Thursday will present the candidacy of member Mihai Leu, former WBO World Champion, for mayor position in Hunedoara municipality, western country.

Romanian Govt Oks Electrica Muntenia Sud Sale To Italy’s Enel

15:47, 19 Mart. 2008
The Romanian Government has approved the privatization of Romanian regional power distributor Electrica Muntenia Sud to Italy's utility Enel SpA (EN), Prime Minister Calin Popescu Tariceanu said Wednesday.

Romanian Tanks For Tires Case Suspended Pending Constitutional Court Decision

15:21, 19 Mart. 2008
The trial in which Romanian retired generals Eugen Badalan and Mihai Popescu, among others, are charged with causing over EUR1.2 million in losses to the Army Ground Forces General Staff was suspended when the Supreme Court approved the exception of unconstitutionality raised by the defendants.

Romanian Chamber Speaker Addresses US $830,000 Debt Matter

14:02, 19 Mart. 2008
Romanian Chamber Speaker Bogdan Olteanu sent two letters, one to finance minister Varujan Vosganian, and another to privatization agency president Teodor Atanasiu, asking them to recover the external public debt of $830,000 caused by the companies backed by former prime minister Theodor Stolojan.

Romanian Realty Mkt Nearing Crisis – Rompetrol CEO

13:29, 19 Mart. 2008
The Romanian real estate market is going down and heading toward a crisis, over uncompetitive prices, said Wednesday Dinu Patriciu, CEO of Romania’s second largest oil group Rompetrol.

Romania Ctrl Bk Ups Lei, Cuts USD Interest Rates For Minimum Reserves

13:00, 19 Mart. 2008
Romania’s central bank increased minimum reserve requirement ratios for leu-denominated liabilities of commercial banks, lowered the ratio for US dollar-denominated reserved, and left unchanged ratios for euro-denominated liabilities.

Gasoline Price May Reach RON5/Liter Unless Romania Cuts Excise Tax – Rompetrol Pres

12:59, 19 Mart. 2008
A liter of gasoline might reach 5 lei (EUR1=RON3.7418), unless Romanian authorities cut and even the gasoline and diesel oil excises taxes in the following months, president of Romanian oil refiner Rompetrol Group, Dinu Patriciu, said Wednesday.

Romania Lacks Maximum 100,000 Employees – Labor Min

12:04, 19 Mart. 2008
Romania has a shortage of up to 100,000 employees according to employment agencies, labor minister Paul Pacuraru said Wednesday, diverging considerably from the estimated 500,000 people shortage announced by finance minister Varujan Vosganian.

Petrom Pipeline Cracks, Oil Pollutes Stream S Romania

11:58, 19 Mart. 2008
A pipeline of Romania’s largest vertically integrated oil company Petrom (SNP.RO) cracked Wednesday morning in Arges county, southern Romania, flooding households and lands and polluting Cotmenita stream.

Romanian Govt To Reduce Period For Authorized Pvt Individual Registration

10:35, 19 Mart. 2008
Romania’s minister for small and medium-sized enterprises, commerce, tourism and liberal professions, Ovidiu Silaghi, told a press conference Tuesday that the government plans to reduce the period needed to register an Authorized Private Individual (PFA) to three days from the current three months.

Romanian Farmers Stage Protest, Picket Govt HQ

09:43, 19 Mart. 2008
The League of Romanian Farmers Associations, or LAPAR, organizes a protest march Wednesday and pickets the government building, as farmers are discontent with high diesel fuel prices and delays in the grant of subsidies.

Romanian Neighborhood Tent Parties To Be Outlawed

20:49, 18 Mart. 2008
The legal committee within the Romanian Senate decided to prohibit and sanction the organization of parties in tents, in other setups of the sort, in areas found in the vicinity of dwellings if instruments that might disturb the public peace are used.

Romanian Post Office To Lay Off 1,500 Employees In ’08 – Official

18:40, 18 Mart. 2008
Romanian minister of communications Karoly Borbely said on Tuesday that the Romanian Post Office, “mammoth company” with over 35,000 employees intends to lay off 1,500 employees in 2008.

Trial Btw Oil Tycoon – Intelligence Service Suspended

17:54, 18 Mart. 2008
The Bucharest Court of Appeals suspended on Tuesday the trial between oil tycoon Dinu Patriciu and the Romanian Intelligence Service, or SRI, and notified the Constitutional Court with respect to the legality of certain articles.

Romanian Democrat Liberals Say Minister Liability Law Is Unconstitutional

17:52, 18 Mart. 2008
The leader of the democrat liberal group within the Romanian Chamber of Deputies, Cristian Radulescu said the his party notified the Constitutional Court regarding two legislative drafts, namely the amendments brought to the minister liability law and the law on dignitary wealth checking.

Romanian Deputies Reject Draft Law On $830,000 Loan Refund To USA

17:08, 18 Mart. 2008
Romania’s Chamber of Deputies Tuesday rejected the draft law on refunding a loan of $830,000 the US government granted to the Romanian government, led by Theodor Stolojan during October 1991 - November 1992, to buy cotton fiber.

Romanian Media Is Not One-Sided – Romanian Press Club

17:05, 18 Mart. 2008
The interim president of the Romanian Press Club (CRP), Indira Crasnea, told MEDIAFAX Tuesday that “politicians, the president included, should understand that the press is not one-sided”.

Family Of Late Romanian Musician Might Stage Protest During NATO Summit

16:13, 18 Mart. 2008
The family of the late Romanian bass player Teo Peter plans to stage a peaceful protest during the NATO summit in Bucharest early next month to raise awareness on the fact that justice has not prevailed more than three years since Peter’s death.

Romanian Anticorruption Prosecutors Look Into Land Purchases Before Nokia Relocation

15:10, 18 Mart. 2008
The Romanian Anticorruption Department said Tuesday that its Cluj branch is not looking into the contract concluded between Finnish mobile giant Nokia and local authorities, but the circumstance in which lands were bought in the area before the plant was relocated.

Consensus Economics Sees Higher Inflation On Lower C/A In Romania

15:10, 18 Mart. 2008
Consensus Economics, which groups economic forecasts of banks and international institutions revised higher Romania’s 2008 inflation forecast and sees better data for the economic growth and the current account deficit.

Romanian SMEs Can Access EUR1B European Funds To Increase Competitiveness

15:04, 18 Mart. 2008
Romanian small and medium sized enterprises, or SMEs, can access over the next four years, European funds of over EUR1 billion to increase economic competitiveness, said SME minister Ovidiu Silaghi.

Romanian Deputies Reject Ordinance Disbanding Presidential Commission

14:54, 18 Mart. 2008
Romania’s Chamber of Deputies Tuesday rejected 240 to two votes and six abstentions Ordinance 95/2007 disbanding the presidential commission in charge with analyzing the intimations regarding the crimes committed by ministers, which the Constitutional Court deemed unconstitutional.

Romanian Govt To Encourage Romanian Investors In CEC Sale – PM

14:31, 18 Mart. 2008
The Romanian government will approach the sale of Romania’s savings bank CEC from a different perspective, to encourage Romanian investors as well, Prime Minister Calin Tariceanu told a news conference Tuesday.

Romanian Anticorruption Prosecutors Look Into Nokia-Local Authorities Talks

12:41, 18 Mart. 2008
Romanian anticorruption prosecutors asked the Cluj County Council to present all documents related to negotiations with Finnish mobile giant Nokia, county council president Marius Nicoara said Tuesday.