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Romania 4Q ‘10 Jobless Rate Rises To 7.3%

12:56, 28 Mart. 2011
Romania's unemployment rate grew to 7.3% in the fourth quarter of 2010, from 6.9% in the previous quarter, the country’s statistics institute INS said Monday.

Romanian Transp Minister Wants To Up EU Fund Absorption Rate To 20% In 2011

12:56, 28 Mart. 2011
Romanian Transport Minister Anca Boagiu wants to increase the level of European fund absorption by 16 percentage points, from 4% to 20% by the end of 2011.

Romania To Close 1,000 Km Of Railroad, Lease Out 4,000 Km

12:11, 28 Mart. 2011
Romania will close one thousand kilometers of unessential railway infrastructure and 4,000 kilometers will be leased to private railway transport operators, Transport Minister Anca Boagiu said Monday.

Romanian Managers See Growth In Industry, Retail, Services In Mar-May

12:00, 28 Mart. 2011
Romanian managers expect relative stability in retail, mild growth in services and solid growth in industry and construction between March and May this year, compared to the previous three months, the country’s statistics institute INS said Monday.

About 150 Romanian Teachers Picket Education Ministry HQ

11:03, 28 Mart. 2011
About 150 teachers from schools in the northeastern Romanian counties of Botosani and Suceava are picketing the Education ministry in Bucharest Monday, in protest to not having received their salaries for February.

Romanian Transp Min Proposes Closing 1474 Km Of Public Railroad

14:59, 27 Mart. 2011
Romania's Transport Ministry has asked the Government to close 1474 km of unessential railway infrastructure, thereby cutting public spending on their maintenance and directing the funds to more important segments.

Romanian Cos To Be Fined For Breaking Financial Audit Obligations – Draft

14:13, 27 Mart. 2011
Romanian firms that are required to audit their yearly financial reports will be fined 30,000-40,000 lei (EUR1=RON4.0881) for failing to do so, and this obligation will now apply to state companies, central depositories and foundations receiving EU funds.

Romania To Relax Accounting Rules For Cos With Sales Below EUR35000

13:31, 27 Mart. 2011
Any graduate of university economic studies will be allowed to do accounting for Romanian companies with sales and assets below EUR35,000, says a draft emergency ordinance amending the law on accounting, obtained by MEDIAFAX.

Romanian Public Spending „Infested” By Inefficiency – IMF Official

17:04, 26 Mart. 2011
Romania must continue fiscal consolidation to reduce the budget deficit to under 3% by 2012, especially given its poor absorption of European funds and public spending "infested" by inefficiency, said IMF mission chief Jeffrey Franks.

EXCLUSIVE: Romanian Govt Arrears Almost Eliminated, Focus Moves To Cos’ Debts – IMF Official

16:44, 26 Mart. 2011
Romania's government arrears have been almost eliminated and the law now allows tighter local control, so the next issue will be the debts of state-owned companies, said IMF mission chief Jeffrey Franks.

Romania Must Improve Tax Collections, Slash Arrears, Costs To Lower Deficit – IMF

15:47, 26 Mart. 2011
Continued efforts to improve tax collections, tackling expenditure pressures, particularly in the health sector, and reducing arrears will be crucial to sustain the Romanian budget deficit's reduction, said the International Monetary Fund (IMF).

Romanian Opp Liberal Party To File Five Motions On Healthcare

13:36, 26 Mart. 2011
Romania's opposition Liberal Party will file five simple motions on healthcare, in the following weeks, former Health Minister Eugen Nicolaescu said Friday in a press conference.

Romania’s Budget Posts Deficit Of 0.4%/GDP In Jan-Feb

18:57, 25 Mart. 2011
Romania’s consolidated budget posted a deficit of 2.3 billion lei (EUR1=RON4.0881) in the first two months of the year, compared with RON5.8 billion in the same period of 2010, Finance Ministry data showed Friday.

IMF OKs Final Review Of Stand-by Accord, New Deal Terms

17:41, 25 Mart. 2011
The Executive Board of the International Monetary Fund on Friday approved the final review of a EUR13 billion stand-by arrangement with Romania, and the terms of a new, precautionary deal that will start on March 31, an IMF official told MEDIAFAX.

Romania Accedes To EU Competitiveness Pact – President

16:23, 25 Mart. 2011
Romania acceded to the pact for Euro Plus, or the EU pact for competitiveness, Romanian President Traian Basescu said Friday in Brussels.

EXCLUSIVE: Romanian Court Rules To Cancel Recalculation Of Military Staff Pensions

14:51, 25 Mart. 2011
The Teleorman Court in southern Romania on Friday upheld several requests to cancel the recalculation of military staff pensions, Costel Galca, lawyer of the Union of Laid off Military Staff, told MEDIAFAX.

Raiffeisen Sees Romania’s GDP Up 1.5% In 2011, On Strong Exports

13:40, 25 Mart. 2011
Romania’s economy should gradually mend this year, with a 1.5% growth of the gross domestic product, mainly due to a recovery in external demand that will fuel exports' increase, Raiffeisen said in a report Friday.

Romanian State Employees Might Have Higher Wages Starting Dec If Budget Revenues Allow Hike

11:40, 25 Mart. 2011
The Romanian Government might decide to raise public sector employees’ salaries at the end of the year, so state employees will recover the money lost following wage-cut measures implemented in 2010, if budget revenues continue to increase, Finance Minister Gheorghe Ialomitianu said Friday.

Romanian Fin Min Says Lower VAT On Food Won’t Lower Prices But Endanger State Spending

11:19, 25 Mart. 2011
Romanian Finance Minister Gheorghe Ialomitianu said Friday he will try to convince lawmakers not to adopt a bill that lowers the sales tax on basic food items because the measure will not lower food prices and will jeopardize the country’s budget spending.

OMV Petrom To Shut Down Romanian Arpechim Refinery

10:32, 25 Mart. 2011
The Supervisory Board of Romanian oil company OMV Petrom (SNP.RO) on Friday said it will permanently shut down the Arpechim refinery, since no “credible” buyers have been found.

Romanians Rank Last In EU By Willingness To Compromise On Cars To Protect Environment

19:59, 24 Mart. 2011
Romanians are the least likely EU citizens to compromise on a car's size, speed or range to reduce carbon dioxide emissions, but rank second in the EU, after Bulgarians, by the share of people getting around on foot on a daily basis.

European Union Disburses EUR1.2B To Romania

19:05, 24 Mart. 2011
The European Commission Thursday disbursed a fourth installment worth EUR1.2 billion to Romania, part of a larger EUR5 billion loan negotiated two years ago, the EU said in a statement.

Romanian Railway Co CFR Infrastructura Management, Workers Sign 2011 Collective Work Contract

17:36, 24 Mart. 2011
The workers' union and management of Romanian railway infrastructure administrator CFR Infrastructura on Thursday signed the new collective work contract for 2011.

Fuel Consumption Most Important Factor For Romanians Buying Cars – Survey

15:21, 24 Mart. 2011
Fuel consumption is the most important factor affecting choice for two thirds of Romanians buying a car, followed by brand, price, engine performance and comfort, says a survey by market research company GfK Romania, conducted in 2010.

Romanian Railway Co CFR Calatori Management, Workers Sign 2011 Collective Work Contract

13:33, 24 Mart. 2011
The workers' union and management of Romanian railway passenger carrier CFR Calatori on Wednesday signed the new collective work contract for 2011.

Romania May Have “Significant” Untapped Oil Reserves

13:20, 24 Mart. 2011
Romania may be able to find new oil deposits, since local drilling has not yet gone very deep, officials of British oil and gas producer Zeta Petroleum said Thursday.

Ford Romania Invested EUR350M In Local Unit So Far

13:18, 24 Mart. 2011
Carmaker Ford Romania invested EUR350 million so far in its plant in Craiova, southern Romania, out of the EUR675 million the company pledged to invest when it bought the plant.

Romanian Transport Min Eyes Private Management For State Cos

13:05, 24 Mart. 2011
Romanian state-owned companies should have private management, Transport minister Anca Boagiu said Thursday, adding she has not yet appointed a new general manager for airliner Tarom.

ING: Romania’s Follow-up Deal With IMF Endangered By VAT Cut

11:30, 24 Mart. 2011
Romania’s follow-up agreement with the International Monetary Fund could be endangered by the lawmakers’ move to sustain a lower sales tax on basic food items, according to ING analysts.

Romanian Public Hospitals To Be Funded According To Class

21:05, 23 Mart. 2011
Romanian hospitals will be divided, by June 1, into five classes, according to their fields, and each unit will receive financing appropriate to its class, Health Minister Attila Cseke announced Wednesday.

Romanian Young Studio Flat Owners Might Access „First Home” Program

16:49, 23 Mart. 2011
Romanian bank representatives have suggested opening the "First Home" program to people younger than 35, who already own a studio apartment, but need a larger home.

Romania To Implement New Healthcare Frame-Contract On June 1 – Sources

16:06, 23 Mart. 2011
Romania's new frame-contract on public healthcare will enter force on June 1, two months later than originally planned, people close to the matter told MEDIAFAX ON Wednesday.

Romanian Social Democrat Leader Calls For Ousting MEP Adrian Severin From Party

15:13, 23 Mart. 2011
Romanian Social Democratic Party (PSD) leader Victor Ponta told MEDIAFAX Wednesday he called on Marian Vanghelie, leader of the party’s Bucharest branch, to start procedures to oust MEP Adrian Severin, accused of lobbying in exchange for money.

Romanian Leu’s Exch Rate Hits New High At 4.126 Vs Euro

14:30, 23 Mart. 2011
Romania's leu traded in ranges against the euro in mid session Wednesday, but the central bank’s reference continued to strengthen, hitting a 11 months high at 4.126 units, from 4.1439 units a day earlier.

Romanian Nuclear Pwr Plant Cernavoda Operates Safely – Manager

14:14, 23 Mart. 2011
Romania’s sole nuclear power plant in Cernavoda operates n good safety conditions for both the environment and people, and all spare parts have been bought according to law requirements, the plant’s representatives said Wednesday.

Microsoft Romania To Hire Over 100 People In 2011

13:56, 23 Mart. 2011
Microsoft Romania will hire up to 110 people this year, most of them to be selected through social networks, Cosmin Bordea, Microsoft Romania HR Lead, said Wednesday.

Romania Must Prepare For Increased Terrorist Activity – President

13:48, 23 Mart. 2011
Romanian President Traian Basescu said Wednesday that he has requested preventive measures against the risk of increased terrorist activity, as a result of the UN's intervention in Libya.

Romanian Constitutional Court Clears New Labor Code

13:34, 23 Mart. 2011
Romania’s Constitutional Court on Wednesday ruled the country’s new Labor Code is constitutional and rejected claims raised by the opposition.

About 1 Million Romanians Work Illegally, Says State Secretary

12:53, 23 Mart. 2011
Romania has about one million people working illegally, Labor Ministry state secretary Nicolae Ivaschescu said Wednesday, adding the ministry aims to reduce the black labor market as much as possible.

Romanians Might No Longer Get Free, Compensated Medicine As Of April 1

12:50, 23 Mart. 2011
Over 80% of family doctors in Romania have said they won’t sign frame agreement with health insurance houses in April, which means patients will no longer benefit from free or compensated drugs or referrals to specialized doctors.