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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.

Romania To Provide Pensioners With Basic Food Products For Lowest Price Each Month

14:47, 27 Iul. 2011
The Romanian "solidarity basket" program, approved by the Government, will provide pensioners each month with a package comprising basic food products, like flour, sugar, oil, corn and rice, for the "lowest price possible."

Romanian Govt Starts Procedures To Sack 1,300 People In State-Owned Energy Cos

13:41, 27 Iul. 2011
Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year, and laid off workers will get severance pay and unemployment aid until 2014.

IMF Says Romania Should Cut Red Tape Around Heating Subsidies – Minister

12:35, 27 Iul. 2011
Officials of the International Monetary Fund have recommended Romania to adopt a simplified scheme for heating subsidies and eliminate bureaucracy for this type of aid, Labor Minister Sebastian Lazaroiu said Wednesday after talks with the IMF delegation.

Romanian Labor Ministry, IMF Discuss Wage Law, Pensions, Social Assistance Code

12:06, 27 Iul. 2011
Romanian Labor Minister Sebastian Lazaroiu said Wednesday he discussed with the International Monetary Fund mission the public sector wage law to be enforced next year, the implementation of a new pension system and the country’s future social assistance code.

Romania Sets New World Record For Largest CPR Lesson

11:41, 27 Iul. 2011
Romania on Tuesday set a new world record for the largest CPR training class, as it gathered 7,402 participants on a stadium in Bucharest for a teaching marathon.

ECHR: Romania Failed To Adequately Address Issue Of Stray Dogs

18:28, 26 Iul. 2011
Romania has been held responsible by the European Court of Human Rights for failing to provide sufficient protection from stray dogs to its citizens, following a complaint lodged by a 71 year-old woman, who was violently bitten by a number of dogs in Bucharest in 2000.

Romanian Govt Wants Fair Drug Prices, Revised Purchase System – PM

16:57, 26 Iul. 2011
Romania's Government must put an end to public fund waste in healthcare and ensure fair drug prices, a strategy that can be implemented by supplying mostly generic drugs and restructuring the entire purchase system, said Prime Minister Emil Boc on Tuesday.

Romanian Labor Min: Over 120,000 New Work Contracts Have Ended

15:53, 26 Iul. 2011
More than 730,000 new work contracts were signed in Romania since the new Labor Code took effect, on May 1, and 128,806 have already expired, as most were for registered day laborers, Labor Minister Sebastian Lazaroiu said Tuesday.

Romanian President, IMF Meeting Discussed Budget Revision Principles

20:10, 25 Iul. 2011
The principles of the budget revision, which Romania's government will implement this summer, were discussed by the meeting on Monday between President Traian Basescu and the IMF, European Commission and World Bank joint evaluation mission.

Romania 1H Budget Gap At RON11.3B, Meets IMF Target

17:00, 25 Iul. 2011
Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday.

Romania Issues Thunderstorm, Gusty Wind Advisory For 16 Counties In S, SW, Central Regions

13:30, 25 Iul. 2011
Romanian meteorologists issued a yellow code advisory Monday expecting heavy rain, thunderstorms and gusty wind in 16 counties in the southern, southwestern and central regions of the country.

Spain’s Government Decides To Reintroduce Work Permits For Romanians

17:16, 22 Iul. 2011
Spain’s Government on Friday decided to reintroduce work permits for Romanians, restricting their access to its labor market, Spanish media reported, citing Government spokesperson Jose Blanco.

Romania To Implement Labor Market Measures This Fall, As Per IMF Agreement – Union Leader

14:32, 22 Iul. 2011
Dumitru Costin, head of the Romanian National Union Bloc (BNS), said Friday, after meeting with the International Monetary Fund delegation, that a measure package targeting the Romanian labor market will be implemented this fall, part of an agreement with the IMF and European Commission.

Romanian Unionists, IMF Delegation Talk About Energy Market, Privatization Of State Cos

14:14, 22 Iul. 2011
Romanian National Union Bloc (BNS) leader Dumitru Costin said Friday talks between unionists and the International Monetary Fund delegation focused on problems concerning the energy market, the privatization of state companies and rehiring employees made redundant.

Romanian Prosecutors Start Criminal Investigation Against MEP Adrian Severin

12:24, 22 Iul. 2011
Romanian prosecutors have started criminal investigations against MEP Adrian Severin, who faces accusations of lobbying in exchange for money.

Romanian Financial Guard Fines Economic Operators In China Town Shopping Center RON55,000

16:12, 21 Iul. 2011
The Romanian Financial Guard applied fines amounting to 55,000 lei (about EUR12,000) following a surprise checkup of economic operators in the China Town shopping center, opened tow days ago in Afumati, near capital Bucharest.

Romania To Fund EU Projects, Recover EU Money After Check-Ups – PM

14:59, 21 Iul. 2011
Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime Minister Emil Boc said Thursday.

Heavy Thunderstorms Affected 17 Romanian Counties, Caused Power Outages

14:21, 21 Iul. 2011
Over 80 localities in 17 Romanian counties were affected by the heavy rainstorms that occurred Wednesday and Thursday morning, which caused power outages, fell trees, caused fires and flooded people’s yards and basements, Romania’s General Emergency Inspectorate said Thursday.

Romania Confirms First West Nile Infection This Year

14:04, 21 Iul. 2011
Romania’s Health Ministry said Thursday it has confirmed this year’s first case of infection with the mosquito-borne West Nile virus.

Spain’s Work Restrictions For Romanians Most Likely Enforced As Of Aug 1

13:44, 21 Iul. 2011
The Council of Minister sin Madrid will discuss Friday the proposition of the Spanish Ministry for Labor and Immigration to temporarily restrict Romanians’ access to the local labor market, a measure due to be enforced as of August 1, Spanish media reported Thursday.

Romanian Financial Guard Makes Surprise Check-Up In China Town Near Bucharest

12:21, 21 Iul. 2011
Romanian tax authorities on Thursday started a surprise check-up of economic operators in the China Town shopping center, opened tow days ago in Afumati, near capital Bucharest, following media reports that shops in the center have no registers and don’t give out receipts.

Romanian PM: All EU-Funded Projects Awarded Through Public Auctions Will Be Checked

20:40, 20 Iul. 2011
Romanian Prime Minister Emil Boc said Wednesday that he has ordered check-ups at every ministry regarding auctions for EU-funded projects, almost all of them run by local authorities, to make sure there will be no problems with the invoices to be sent to Brussels.

EC Report: Romania Should Improve Cooperation Btw Integrity Agency And Other Judicial Authorities

16:12, 20 Iul. 2011
Romania should implement measures to unify the practice of wealth investigation commissions and improve the cooperation between the National Integrity Agency (ANI) and other judicial authorities, particularly in the public procurement area, says the EC report on Romania’s justice system.

EC Asks Romania For Norms On Parliamentary Immunity Waiver

15:38, 20 Iul. 2011
The European Commission asks Romania to speed up the resolution of high-level corruption cases, so as to avoid prescriptions in all cases, and also suggests it adopt clear procedural rules on the waiving of parliamentary immunity.

EC Report On Romania: Confiscation Of Criminal Assets Hampered By Restrictive Court Practices

15:37, 20 Iul. 2011
A small share of illegally-obtained assets are confiscated in Romania, because of limited confiscation possibilities provided by law, restrictive court practice and a lack of proactive behavior by the prosecution, says the European Commission's report on the Cooperation and Verification Mechanism.