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Romanian Govt To Keep Public Sector Hiring Frozen In 2012 – PM

17:16, 07 Aug. 2011
The Romanian Government will keep public sector hiring frozen in 2012 and only one in seven vacant positions will be filled, Prime Minister Emil Boc said Sunday.

Romanian Govt To Determine Value, Payment Plan For Court-Won Wage Rights By Sept

16:06, 07 Aug. 2011
The Romanian Government will deterimine by September the sum to be paid next year to public sector employees who won salary rights in court, and will set a payment schedule for the coming years, so that the country will not exceed a 3% budget deficit in 2012, Prime Minister Emil Boc said Sunday.

Romanian PM Calls On Prefects To Intensify Fight Against Tax Evasion, Illegal Work

15:06, 07 Aug. 2011
Romanian Prime Minister Emil Boc on Sunday called on county prefects and work inspection chiefs to intensify the fight against tax evasion and illegal work.

Bucharest Subway Operator Hikes Fares: Two-Trip Card To Cost RON4

18:53, 05 Aug. 2011
Bucharest subway operator Metrorex will increase its fares Saturday: a two-trip card will cost 4 lei (around EUR1) instead of RON3 and a monthly 62-trip card will cost RON35 instead of RON27.

Romanian Fmr Health Min: Reforms Should Go Hand In Hand With Ensuring Financial Support

18:10, 05 Aug. 2011
Romania’s former Health Minister Attila Cseke, who resigned Thursday over a budget dispute, said the situation of the country’s healthcare system is even more serious than in the previous years, and added reforms in the sector must go hand in hand with financial support.

Romanian Transport Minister: About 130 Km Of Highway To Be Finished This Year

14:41, 05 Aug. 2011
Romania’s Transport Minister Anca Boagiu said Friday about 130 kilometers of highway will be finished in 2011, to include highway sectors Timisoara-Arad, Medgidia-Constanta and Bucharest-Ploiesti, as well as the beltways of cities Arad (W) and Constanta (SE).

Leu Trades At 4.2419 Vs Euro, Hits New Record Low Vs Swiss Franc

13:52, 05 Aug. 2011
Romania’s leu recovered slightly against the euro by mid-trade Friday, but the central bank’s reference weakened over 0.4% on the day to 4.2419 units, amid rising aversion to risk after weak economic data in the US and fresh concern over the European debt crisis.

Eighteen Arrested In Romania For Illegal Luxury Car Registrations

09:21, 05 Aug. 2011
The Bucharest Court has issued arrest warrants Friday morning for 20 people in case involving illegal registrations of luxury cars, of which 18 have already been taken into custody and two are still wanted.

Romania’s Health Minister Attila Cseke Resigns

16:05, 04 Aug. 2011
Romania’s Health Minister Attila Cseke resigned Thursday, displeased with the funds the Health Ministry has been allotted at this year’s first budget revision.

Romanian Govt To Regulate Healthcare Clawback Tax By End-August

15:44, 04 Aug. 2011
Romania's Government will regulate the clawback in the healthcare system by the end of August, through a decision or emergency ordinance, Prime Minister Emil Boc said Thursday.

Romania Might Build Parts Of Transylvania Hwy Through Public-Private Partnership – PM

15:42, 04 Aug. 2011
Romania's Government is considering building some sections of the Transylvania Highway through public-private partnership, because the state does not have unlimited funds for infrastructure projects, Prime Minister Emil Boc said Thursday.

Romania’s Fmr State Rail Company Manager Can’t Account For EUR3M In Wealth Statement – Agency

12:09, 04 Aug. 2011
The former general manager of Romania’s state-owned passenger railway company CFR Calatori, Alexandru Noaptes, and his wife are unable to account for about EUR3 million of their wealth, the country’s integrity agency ANI said Thursday.

Romanian Prosecutors To Reopen Fraud Cases Involving Businessman Sorin Ovidiu Vintu

11:56, 04 Aug. 2011
Romania’s General Prosecutors’ Office has canceled decisions not to start criminal investigations against businessman Sorin Ovidiu Vintu and will reopen old fraud cases on the collapse of the National Investment Fund and three banks in the 1990s, prosecutors said Thursday.

Romania To Terminate Contract With Bechtel For 300 Km Of Transylvania Hwy

19:03, 03 Aug. 2011
Romania will terminate its contract with constructor Bechtel for 300 km of the Transylvania Highway on which work has not yet started, sources in the Ministry of Transport told online newspaper gandul.

Thirty-Seven Under Criminal Investigation In Romania For Illegal Luxury Car Registrations

13:44, 03 Aug. 2011
Thirty-seven people, including three employees of the auto registry office RAR, three police officers and a riot police officer, have been placed under criminal investigation in case involving illegal registrations of luxury cars, the General Anticorruption Department said in a statement Wednesday.

Romanian Mining Co CNH Petrosani To Receive RON136M Subsidy – PM

20:50, 02 Aug. 2011
Romanian coal mining company CNH Petrosani will receive a subsidy of 136 million lei (EUR32 million) to continue its activity, Prime Minister Emil Boc announced Tuesday.

Romania To Increase Personnel Expenses In Intelligence Services, Defense Ministry

15:57, 02 Aug. 2011
Romania's Government will increase the budgets of the intelligence services and Interior, Defense and Justice ministries by almost 724 million lei (over EUR170 million), for personnel expenses, according to the draft budget revision.

Romania To Increase Ministry Budgets For Investments, Company Debts

15:54, 02 Aug. 2011
Romania's government will increase the budgets of several ministries, in order to finance investments and eliminate debts incurred by state enterprises, but will give less resources to the Ministry of Environment and the Ministry of Finance, according to the draft budget revision.

Romanian President Says Some State-Owned Companies May Go Bankrupt

14:31, 02 Aug. 2011
Romanian President Traian Basescu said Tuesday on public radio he does not rule out the possibility of several state-owned companies to go bankrupt, adding the Government does not have to always step in and save these companies.

Romania Must Walk The Wire, Carefully, Without Populism – President

14:23, 02 Aug. 2011
Romanian President Traian Basescu said Tuesday on public radio that "Romania has to walk the wire, carefully, without populism, but with pragmatism."

Romania To Raise Public Sector Wages 15% Next Year, Says Coalition Party Head

13:13, 02 Aug. 2011
Romania may raise public sector wages 15 next year, either at once or in tranches, Marian Sarbu, head of coalition party UNPR, told Radio France International Tuesday.

Romanian PM Not A Fan Of Rosia Montana Gold Mining Project

11:58, 02 Aug. 2011
Romania’s Government is waiting for expert opinions concerning the impact of the Rosia Montana gold mining project on the environment before making a decision regarding the investment, Prime Minister Emil Boc said Tuesday.

Romanian Postal Workers Protest Planned Layoffs, Threaten Full-Blown Strike Unless Co’s Revenues Rise 20%

11:56, 02 Aug. 2011
Some 1,500 Romanian postal workers are picketing the Communications Ministry Tuesday morning over planned layoffs from state-owned postal company Posta Romana and threaten to go on full-blown strike unless the company’s revenues increase 20% by yearend.

PM: Romania’s Ruling Coalition To Resume Talks On Country’s Administrative Reorganization

11:24, 02 Aug. 2011
Romania’s ruling coalition will resume talks on the country’s administrative reorganization starting next week, Prime Minister Emil Boc said Tuesday, adding that the decentralization process, which entails transferring duties from central to local authorities, will also continue.

IMF Official: Romanian Healthcare Clawback System Hasn’t Worked, Copayment Needed

19:52, 01 Aug. 2011
Romania's Government should replace the clawback tax in the healthcare system with a new version and implement the proposal for co-payment as soon as possible, Jeffrey Franks, head of the IMF agreement evaluation mission, told MEDIAFAX.

IMF: Romania To Put 15 Companies Under Private Management

17:39, 01 Aug. 2011
Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday.

Romanian Dacia Car Registrations In France Down 25% In Jan-July, To 52,311 Units

16:34, 01 Aug. 2011
Registrations of new Dacia cars in France dropped 25.5% in the first seven months to 52,311 units, while the French car market stood still at 1.385 million units, according to data released Monday by the French carmakers association CCFA.

Reduced Govt Co-Financing Rate For EU Funds To Save Romania Up To EUR714M

15:00, 01 Aug. 2011
The European Commission's plan to reduce the co-financing that must be provided by six EU member states to access EU funds, to 5% from 15%, may save Romania as much as EUR714 million.

IMF: Romania May Raise Public Sector Wages After More Job Cuts

11:47, 01 Aug. 2011
Even though the Government may consider there is room for public sector wage raises, Romania should only raise them following more job cuts layoffs, Jeffrey Franks, head of the International Monetary Fund mission to the country, said Monday.

Romanian President: Lack Of Control In Healthcare Spending Is Unacceptable

20:59, 31 Iul. 2011
Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that the Government cannot increase the healthcare budget until the sector's expenses are put in order, even though it is underfinanced.

Romanian President: Domestic Banking Sector Is Well-Capitalized

20:56, 31 Iul. 2011
Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that the domestic banking sector is well-capitalized, but attention must be paid to the local banks in relation to their parent banks.

Romanian President: Experts Say Romania Has Greatly Improved Its Credibility

20:55, 31 Iul. 2011
Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that one of the experts' conclusions is that Romania has greatly improved its credibility, thanks to the steps taken in 2009 and especially 2010 and 2011.

Romanian Govt Sees GDP Up 0.3-0.4% In 2Q, Inflation At 4.8% In 2011

15:17, 31 Iul. 2011
Romania's Government estimates a 0.3-0.4% growth of the gross domestic product in the second quarter, compared to the first, and an inflation rate of 4.8% this year, below the central bank's forecast, people close to the matter told MEDIAFAX.

IMF: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments

15:14, 30 Iul. 2011
Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, IMF mission chief Jeffrey Franks said Saturday.

Romanian Govt To Revise 2011 Budget In Early August

19:01, 29 Iul. 2011
Romania's Government will conduct this year's first budget adjustment in early August, with priority granted to allotting additional resources for investment programs, especially those run by the Ministry of Transports, Prime Minister Emil Boc said Friday.

Bechtel Lowers Price For Transylvania Hwy, After „Tough” Negotiations – ProTV

17:27, 28 Iul. 2011
The price of the Brasov-Bors highway section has been reduced from EUR20 million per km to less than half, following negotiations between Romanian authorities and constructor Bechtel, which will resume work this fall, after the state will pay part of its debts, according to ProTV.

Romania Is Having Best Farming Year In Last Five Years – EC Report

17:25, 28 Iul. 2011
Romania is having a good farming year, as its yield per hectare is above the average in the last five years for most crops, while the wheat, barley and potato harvests exceed last year's yield, according to the MARS Bulletin drafted by the European Commission's Joint Research Centre.

Nationwide Electrification Would Cost Romania EUR211M

14:46, 28 Iul. 2011
Romania would need to invest some EUR211 million to connect some 60,600 unconnected households to the national power grid, Thursday said Marian Geanta, development manager of state-owned electricity distributor Electrica.

Romania Can Halt Rosia Montana Mining Project Unless Developer Invests $70M In Preservation Works

14:18, 28 Iul. 2011
Romania can halt the gold mining project at Rosia Montana anytime unless the joint venture developing it, Rosia Montana Gold Corporation, invests $70 million in preservation works in the area, Culture Minister Kelemen Hunor told MEDIAFAX in an interview.

Romania Sells EUR462.6M 4-Yr Forex Bonds At 4.85% Yield

18:44, 27 Iul. 2011
Romanian Finance Ministry Wednesday sold EUR462.6 million in four-year foreign currency bonds, below the planned amount, at an average yield of 4.85% a year.