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Romania’s Population Expected To Decrease In Next Four Yrs

16:07, 03 Mai 2011
The Romanian Government estimates Romania’s population will decrease by over 200,000 people in the next four years, to 21.1 million in 2015 from 21.3 million in 2011.

Romanian Govt Has No Plans To Seek Conf Vote For Social Assistance Law – PM

16:06, 03 Mai 2011
Romanian Prime Minister Emil Boc said Tuesday that there are no current plans to adopt the law on social assistance by seeking a confidence vote in Parliament.

Romanian Fmr Youth Minister Indicted For Abuse Of Office

15:01, 03 Mai 2011
Romanian anticorruption prosecutors on Tuesday indicted former Youth and Sports Minister Monica Iacob Ridzi in a corruption file where she is charged with abuse of office.

Implementing U.S. Antimissile Shield In S Romania To Cost $400M

14:44, 03 Mai 2011
Costs to set up U.S. antimissile shield elements at a former airbase at Deveselu, in the southern Romanian Olt county, rise to $400million, plus $20 million to be allotted annually for system operations, a U.S. official said Tuesday.

Romanian Leu Widens Loss Vs Euro, Exchange Rate At 4.1073

14:10, 03 Mai 2011
Romania’s leu continued to retreat against the euro in mid trade Tuesday and the central bank’s reference weakened 0.5% to 4.1073 units, the lowest level in three weeks.

Romanians Still Can’t Afford New Apartments – JLL

13:42, 03 Mai 2011
New apartment prices are still too high for Romanians, while developers are getting signals that they can no longer count on government support, real estate consultancy firm Jones Lang LaSalle, or JLL, said in a report Tuesday.

Romanian Fmr Labor Minister Paul Pacuraru Acquitted In Corruption Trial

13:04, 03 Mai 2011
Romanian former labor minister, liberal Paul Pacuraru, and former liberal MP Dan Ilie Morega have been acquitted by the criminal section of the High Court of Justice in a corruption trial.

Romania Uses Topoloveni Plum Jam To Promote Tourist Brand

12:31, 03 Mai 2011
Romania’s tourist brand will be promoted on the label of Topoloveni plum jam ("Magiunul de prune Topoloveni") under a one-year protocol signed Tuesday by the jam’s producer and the country’s Tourism Ministry.

Romania Maintains Precautionary Terror Alert Following Bin Laden’s Death – President

12:10, 03 Mai 2011
Romania’s President Traian Basescu said Tuesday the country doesn’t need to raise the terror-threat level following the death of Al Qaeda leader Osama bin Laden, as authorities received no real information to justify such a move.

Romania Allows U.S. To Use SE Airport, Harbor For Transit

11:35, 03 Mai 2011
Romania’s highest defense body, CSAT, has allowed the USA to use the Mihail Kogalniceanu airport and Constanta harbor in southeastern Romania as transit points for the transport of troops and arms to and from Iraq and Afghanistan.

Romania, Bulgaria Ready To Join Schengen, Says EP Civil Liberties Committee

08:36, 03 Mai 2011
Romania and Bulgaria’s bid to join the Schengen border-free area won the European Parliament Civil Liberties Committee's green light on Monday, the EP said in a press release Monday.

Court Releases Romanian Interior Ministry Officers Charged With Aiding Thieves

08:04, 03 Mai 2011
Ioan Tarnu and Liviu Schiau, Romanian Interior Ministry officers in Alba county, charged with aiding a criminal group specialized in stealing machinery from EU states, have been released as the Alba Iulia Court of Appeals rejected prosecutors’ move to have them arrested.

Businessman Elan Schwartzenberg Bought 90% In Realitatea TV, Keeps Manager

15:09, 02 Mai 2011
Businessman Elan Schwartzenberg told a news conference Monday he has bought in media group Realitatea Media and Sebastian Ghita remains the group’s manager, under a five-year contract.

Romania Forex Reserves Fall To EUR32.1B In April

14:23, 02 Mai 2011
Romanian foreign exchange reserves fell to EUR32.07 billion in April from EUR32.77 billion a month earlier, central bank data showed Monday.

Romanian Carmaker Dacia Resumes Production

14:19, 02 Mai 2011
Romanian carmaker Dacia on Monday resumed production at its car plant in Mioveni, southern Romania, Dacia representative Anca Oreviceanu told MEDIAFAX.

Romanian Leu Falls Vs Euro, Exch Rate At 4.086

14:01, 02 Mai 2011
Romania’s leu extended early losses against the euro in mid-trade Monday and the central bank’s reference weakened 0.3% to 4.086 units, from 4.0744 units in the previous session.

Romanian Ruling Party To Nominate New Labor Minister After Party Elections On May 14

14:01, 02 Mai 2011
Romania’s ruling Democratic Liberal Party will nominate a new labor minister after its May 14 congress to elect a new party leader, party vice-president Gheorghe Flutur said Monday.

Romanian Interior Ministry Officers Charged With Aiding Machinery Thieves

13:48, 02 Mai 2011
Ioan Tarnu and Liviu Schiau, Romanian Interior Ministry officers in Alba county, have been detained by prosecutors for aiding a criminal group specialized in stealing machinery from EU states, responsible for EUR4.5 million in damages.

Romanian Dacia Car Registrations In France Up 6.6% In April, To 8,000 Units

13:24, 02 Mai 2011
Registrations of Romanian Dacia cars in France increased to about 8,000 units in April this year, up 6.6% compared to the same month in 2010.

Asking Prices For Bucharest Apartments Down 13% On The Year

13:05, 02 Mai 2011
The average asking prices for apartments in Bucharest dropped 13% on the year in April, realty ads portal anunturiparticulari.ro said Monday.

Romania Won’t Raise Terror-Threat Level In Aftermath Of Osama Bin Laden’s Death

12:41, 02 Mai 2011
Romania’s Interior Minister Traian Igas said Monday the country will not raise its terror alert level following the death of Al Qaeda leader Osama bin Laden.

Romanian Govt To Reduce Coastal Building Line To Half

16:09, 01 Mai 2011
Romania's Government wants to increase the central tourism authority's role on the Black Sea coast and reduce the coastal building line (the area where building is prohibited) to 50-150 meters from 100-300 meters, according to a draft emergency ordinance by the Tourism Ministry.

Romania To Set Up Investment Fund For Profitable SMEs With Cash Problems

14:57, 01 Mai 2011
Romania's Government will create an investment fund, fed by the National SME Loan Guarantee Fund, the Romanian Counterguarantee Fund and Eximbank, to finance profitable SMEs with temporary cash problems, and will also work out a system to finance small unlisted companies.

Romania’s New Labor Code Takes Effect, Illegal Labor Punishable By Prison

14:42, 01 Mai 2011
Romania’s new Labor Code, pushed through the Parliament through a vote of confidence early March, takes effect Sunday and employers risk prison sentences for using illegal labor.

Romania, Bechtel Negotiating Deadline Past 2012 For Transylvania Hwy – Sources

14:35, 01 Mai 2011
Romania's Transport Ministry and public road authority CNADNR have begun negotiations with Bechtel on a new calendar for the construction of the Transylvania Highway, with new deadlines past the current December 2012.

Romanian Carmaker Dacia Asked For RON42M In State Aid In 2010 To Build New Logan Model

14:15, 01 Mai 2011
Romanian carmaker Automobile Dacia asked for 42.4 million lei (EUR10.5 million) in state aid last year to develop the X 52 project concerning a new Logan model to be launched in 2012.

Romanian OMV Petrom Asks RON92M Refunds For Eco-Friendly Works

13:22, 01 Mai 2011
Romania’s leading oil company OMV Petrom (SNP.RO) has requested the state issue refund payments of 91.68 million lei (EUR22.5 million) for environment decontamination works at some of its decommissioned wells, the company said in its financial report for 2010.

Four Romanian Troops Injured In Afghanistan

12:20, 01 Mai 2011
Four Romanian troops from the 26th infantry Battalion Neagoe Basarab have been injured in Afghanistan Sunday morning, as their patrol vehicle ran over an improvised explosive device, Romania’s Defense Ministry said in a statement.

Businessman Elan Schwartzenberg Confirms Realitatea TV Takeover

11:15, 01 Mai 2011
Businessman Elan Schwartzenberg on Saturday confirmed he has taken over a 92% stake in TV station Realitatea TV owned by Sorin Ovidiu Vintu, who is currently under arrest on charges of blackmail.

Businessman Elan Schwartzenberg To Take Over Realitatea TV – Paper

13:41, 30 Apr. 2011
Businessman Elan Schwartzenberg will take over Romanian TV station Realitatea TV owned by Sorin Ovidiu Vintu, under arrest on charges of blackmail, newspaper Evenimentul zilei reported Saturday in its online edition, citing unnamed sources.

Romania’s Bucharest Railway Co Manager Sacked

13:23, 30 Apr. 2011
The head of the Bucharest division of state-owned railway company CFR, Gavrila Manaila, has been sacked Saturday for defective management, the company said in a statement.

Romanian State Co Managers Must Show Performance Or Be Fined, Sacked

19:03, 29 Apr. 2011
Romanian autonomous administrations and state companies will be required to inform the Finance Ministry about their financial indicators, monthly or quarterly, while managers will be fined or sacked if their companies fail to meet certain performance criteria.

Romanian Union Leader: At Least 30,000 State Co Employees To Be Laid Off

16:44, 29 Apr. 2011
Romanian National Union Bloc (BNS) president Dumitru Costin said Friday that IMF officials have stated the main topic on the agenda of their talks with the Government will be the restructuring of state-owned companies, which will involve laying off at least 30,000 employees.

Romania Keeps 2015 Deadline For Euro Adoption

16:01, 29 Apr. 2011
The Romanian government Friday decided to keep the year 2015 as the official deadline for euro adoption, participants in the executive’s meeting told MEDIAFAX.

Romanian Govt Adopts National Reform Program For 2011-2013

14:48, 29 Apr. 2011
Romania's Government has adopted the National Reform Program for 2011-2013, a document comprising economic recovery and employment measures, and which transposes the objectives of the Europe 2020 Strategy into national legislation.

Harley-Davidson Romania Wants To Sell 55-60 Motorcycles This Year

14:01, 29 Apr. 2011
Harley-Davidson Romania expects to sell 55-60 motorcycles on the local market this year, 10-15 units more than in 2010, sales manager Marcel Chiva said Friday.

Romanian Media Owner Sorin Ovidiu Vintu Arrested For Blackmail

13:00, 29 Apr. 2011
Romanian businessman Sorin Ovidiu Vintu and his employee, Ion Ilie Cezar, accused of blackmailing the manager of TV station Realitatea Media, Sebastian Ghita, will be placed under 29-day preventive arrest, the Bucharest Court ruled Friday.

Rompetrol Adds RON0.07 To Gasoline Pump Prices, Cuts RON0.03 Off Diesel Prices

11:10, 29 Apr. 2011
Romanian fuel distributor Rompetrol Downstream on Friday increased pump prices for gasoline by 0.07 lei (EUR0.017) per liter, but decreased diesel fuel prices by RON0.03 per liter.

Several Cos Contest Romanian Tenders For Pan-European Corridor IV

19:49, 28 Apr. 2011
Seven consortia and companies have challenged the Romanian government tenders for the construction of the Timisoara-Lugoj and Orastie-Sibiu highways, part of Pan-European Corridor IV.

Romanian Foreign Min Receives Bill For RON1M From Airline Tarom For Evacuation Flight

19:30, 28 Apr. 2011
The Romanian Foreign Affairs Ministry received a bill for over 1 million lei (about EUR245,000) from state-owned airline Tarom for the flight evacuating Romanian citizens from Japan in March, ministry official Doris Mircea said Thursday.