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Romanian Opp Submits No-Confidence Motion Over Labor Code

14:50, 08 Mart. 2011
Romanian opposition lawmakers on Tuesday submitted a no-confidence motion in an attempt to oust the Government, which sought a vote of confidence to pass the new Labor Code.

Romanian Leu Hits Fresh 10-Month High At 4.1869 Vs Euro

13:37, 08 Mart. 2011
Romania’s leu surged against the euro in mid-trade Tuesday on a positive sentiment in the international markets and the central bank’s reference rate gained almost 0.5% to 4.1869 units, from 4.2065 units in the previous day.

Romanians Who Failed To Insure Homes By Jan 15 Risk Fines

13:37, 08 Mart. 2011
Romanian homeowners who did not insure their homes by January 15, 2011, either through mandatory or voluntary insurance policies, may be fined 100 lei (EUR1=RON4.1869) to RON500 by local authorities, Pool of Insurance against Natural Disasters (PAID) general manager Marius Bulugea said Tuesday.

Flood Damages In Romania Exceeded EUR3B In 2005-2010

13:10, 08 Mart. 2011
Damages caused by floods in Romania exceeded EUR3 billion in the 2005-2010 interval, Pool of Insurance against Natural Disasters (PAID) general manager Marius Bulugea said Tuesday.

Romanian Carmaker Dacia Employees Get RON260 Wage Raise

12:49, 08 Mart. 2011
Employees of Romanian carmaker Automobile Dacia got a wage raise of 260 lei (EUR1=RON4.2065), or 13%, under the new collective work contract, Dacia union vice-president Ion Iordache told MEDIAFAX Tuesday.

Romanian Opposition’s No-Confidence Motion To Be Read Out Wednesday

12:35, 08 Mart. 2011
Romanian Chamber of Deputies Speaker Roberta Anastase said Tuesday the opposition’s no-confidence motion will be read out in plenary session Wednesday.

Romania’s OMV Petrom Hikes Pump Prices By RON0.09/Liter

11:27, 08 Mart. 2011
Romania’s largest oil company OMV Petrom (SNP.RO) Tuesday raised its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2065) per liter, the company said in a statement.

Romanian PM Seeks Parliament’s Confidence Vote To Pass New Labor Code

11:22, 08 Mart. 2011
Romania’s Parliament assembled in plenary meeting Tuesday as the prime minister seeks a confidence vote to pass the new Labor Code.

Romania January Indus Sales -11% On Month, +25.5% On Year

10:33, 08 Mart. 2011
Romanian industrial sales fell 11% on the month in January, but were up 25.5% from the year-ago period, the country’s statistics institute INS said Tuesday.

Manpower: 20% Of Romanian Employers See Moderate Staff Hiring In Q2

10:16, 08 Mart. 2011
About 20% of Romanian employers see a moderate growth in their staff numbers in the second quarter of 2011, and the most optimistic hiring expectations come from the processing industry sector, according to a Manpower survey released Tuesday.

Romanian Govt Approved Only Eight Amendments To Labor Code

20:58, 07 Mart. 2011
Romania's Government has approved only eight amendments to the Labor Code out of the 144 proposed by the ruling coalition's MPs, including one that says people who have been collectively laid off will be given preference in case the employer decides to rehire within 45 days.

Romanian Post-2011 Collective Labor Contracts To Subject To Special Law

20:46, 07 Mart. 2011
Romania's Government has decided that collective labor contracts and related documents, whose effects will be limited as of December 31, 2011, may be signed after this date for periods to be set through a special law.

Romanian Labor Code To Limit Employer Damage Claims To Five Times Minimum Wage

20:45, 07 Mart. 2011
Romania's Government has decided to limit the amount demanded by an employer as compensation for damage caused by an employee during their duties to five times the gross minimum wage.

Romania, U.S. Start Fifth Round Of Negotiations On Antimissile Shield Project

17:46, 07 Mart. 2011
The fifth round of negotiations between Romania and the United States regarding the anti-missile defense shield will take place in Bucharest on Tuesday, the Romanian Foreign Affairs Ministry said Monday.

Romanian Consumer Prices Seen +0.5% In Feb, Annual Inflation Up To 7.3%

16:41, 07 Mart. 2011
Romanian consumer prices are likely to increase by 0.5% on the month in February, while the annual inflation is seen climbing to 7.3%, according to a median forecast of the country’s association of financial and banking analysts AAFBR.

Romanian New Labor Laws Give 45-Day Priority For Rehiring To Collectively Laid Off Employees

14:32, 07 Mart. 2011
The Romanian ruling coalition approved an amendment to the Labor Code whereby people who have been collectively laid off will be first considered for rehiring in the first 45 days after layoff, National Union for the Progress of Romania leader Marian Sarbu said Monday.

Romanian President Calls For Sustained Fight Against Tax Evasion

12:29, 07 Mart. 2011
Romanian President Traian Basescu said Monday at the Public Ministry’s activity report meeting the fight against tax evasion and evaders must be stepped up and sustained, adding any asset stolen from the state is a threat to social security.

Romanian Prosecutors Seized EUR300M In Assets In 2010

11:29, 07 Mart. 2011
Romanian prosecutors seized assets of over EUR300 million in 2010 and the number of people indicted for tax evasion and contraband increased 125%, Romania’s prosecutor general Codruta Kovesi said Monday at the Public Ministry’s activity report meeting.

Romania’s January Net Salary Dn 4.8% M-M, To RON1,424

10:15, 07 Mart. 2011
Romania’s net average salary in January was at 1,424 lei (EUR1=RON4.2127), down 4.8% compared with the previous month, since holiday bonuses were granted in December, Romania’s statistics institute said Monday.

Romanian Govt Plans To Award Six Digital Tv Licenses

16:38, 05 Mart. 2011
Romania's Government wants to award six digital terrestrial television licenses, including one required to ensure 60% population coverage and 50% land coverage by March 31, 2012, says an act drafted by the Communications Ministry.

Romanian Govt To Cut Almost 5200 Jobs At Finance Ministry

21:49, 04 Mart. 2011
The Romanian Government will reduce the number of jobs in the Ministry of Public Finance by 14%, or 5,175, more than 95% of which will be eliminated from revenue service ANAF, according to a draft decision.

Romanian Revenue Service To Absorb Financial Guard, Customs Authority

21:06, 04 Mart. 2011
Romania's Government will dissolve the Financial Guard and the Customs Authority, passing their duties on to revenue service ANAF, which will now collect and manage state budget income, conduct fiscal inspections, customs operations and financial guard operations.

Romania Ctrl Bker Says Currency Fluctuations Up To 4% Neglectable

20:51, 04 Mart. 2011
Fluctuations of 3% to 4% in the leu’s exchange rate are neglectable and should have minimum impact on prices, central bank governor Mugur Isarescu said Friday.

BRD: Romania Needs Higher Tax Collections To Trim Budget Deficit

18:03, 04 Mart. 2011
Romania’s assumed task to lower the budget deficit could prove more challenging in 2011 than it was last year, because it entails a bigger budgetary effort, a senior economist with BRD-Societe Generale said Friday.

EXCLUSIVE: Romanian Govt To Ban „Legal Highs” Under Threat Of Heavy Fines, Prison

17:52, 04 Mart. 2011
Romania's Government will ban the sale and possession of so-called "legal highs," plant-based psychoactive substances, under threat of fines of up to 100,000 lei (EUR1=RON4.2127) and 2-8 years in prison.

Bucharest To Maintain Low Office Occupancy Costs In Near Furture – Survey

17:21, 04 Mart. 2011
Bucharest will remain among Europe’s cities with the lowest office space occupancy costs over the next five years, according to real estate consultants DTZ.

Romanian 4Q ‘10 Finalized Dwellings Down By 6,251 To 16,680 Units

10:38, 04 Mart. 2011
The number of residential constructions finalized in the fourth quarter of 2010 fell by 6,251 units compared with the similar period a year earlier, at 16,680 units, the National Statistical Institute, or INS, said Friday.

Romanian PM Says Public Sector Reduced To 1.26M Employees

10:35, 04 Mart. 2011
The number of employees in Romania’s public sector has been reduced to 1.261 million with the application of cost standards in public administration, Prime Minister Emil Boc said Thursday evening on public television.

Romanian Regional Hospitals To Have 700-900 Beds, Cost EUR200-300M

10:17, 04 Mart. 2011
The regional emergency hospitals that will be built through a public-private partnership will have 700-900 beds and will cost EUR200-300 million each, Romanian Health Minister Attila Cseke said Thursday.

Romanian Transp Min To Implement European Train Categories

16:18, 03 Mart. 2011
Romania’s Transport Ministry will replace the four train types operated by state-run passenger railway company CFR Calatori with European train categories by the end of the year.

Hundreds Protest Across Romania Over New Labor Laws

14:49, 03 Mart. 2011
Hundreds of unionists are protesting Thursday outside prefects’ offices and headquarters of the ruling Democratic Liberal Party in cities across the country, disgruntled with new labor laws for which the Government seeks a confidence vote in Parliament next week.

USA To Send Romania Installment Plan For F-16 Sale – Sources

14:42, 03 Mart. 2011
The United States will send Romania a document concerning an installment plan for the potential sale of used F-16 aircrafts, to which Romania might respond with a new offer for the planes, people close to the matter told MEDIAFAX.

Romanian Leu’s Exch Rate Hits Fresh 10-Mo High At 4.2016 Vs Euro

14:28, 03 Mart. 2011
Romania’s leu rose slightly against the euro in mid trade Thursday and the central bank’s reference strengthened to a fresh ten-month high at 4.2016 units, from 4.2051 units a day earlier.

Romanian Labor Min Says Pvt Pension Funds Should Take Higher Investment Risks

14:24, 03 Mart. 2011
Romanian private pension funds should take more risks, Labor Minsiter Ioan Botis said Thursday at the Mediafax Talks about Private Pensions conference, adding different risk levels would ensure a more efficient asset management.

Half Of Romanian Mandatory Private Pension Fund Contributors Amassed RON500 Since ‘08

13:48, 03 Mart. 2011
About half of Romanian contributors to mandatory private pension funds (Pillar II) have amassed less than 500 lei (EUR1=RON4.2016) in their pension accounts since May 2008 when the system was launched, Mircea Oancea, head of the country’s private pension regulator CSSPP, said Thursday.

Romanians Spent 5% Less On Fast Moving Consumer Goods In 2010 – GfK

12:51, 03 Mart. 2011
Romanians spent 5% less on fast moving consumer goods last year compared to 2009, according to survey conducted by market research company GfKRomania.

Romanian Pvt Pension Fund Assets Seen Up 60% This Year, To Over EUR1.6B

12:16, 03 Mart. 2011
Assets of private pension funds in Romania could top EUR1.6 billion this year, 60% more than in 2010, Mircea Oancea, head of the country’s private pension regulator CSSPP, said Thursday.

Romanian Govt OKs Hospital Network Construction

11:30, 03 Mart. 2011
The Romanian Government gave the green light to the Health Ministry to build a network of six emergency hospitals in public-private partnership, people close to the matter told MEDIAFAX Wednesday.

Romania 2010 GDP Fall Revised Down To 1.3%

11:08, 03 Mart. 2011
The Romanian economy shrank more than previously thought in 2010, largely due to declines in the constructions, retail and services sectors, revised figures showed Thursday.

Romanian Tax Authority Official Arrested For Corruption

18:31, 02 Mart. 2011
Romanian tax authority ANAF official Nicolae Adrian Gavrila and lawyer Marius Stancescu on Wednesday were placed under arrest for 29 days on charges of corruption.