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Bucharest Apartment Rents Fall By Up To 20% YY In Jan – Survey

12:52, 10 Feb. 2011
Rents for apartments in Romania’s capital city Bucharest dropped by 10% to 20% in January compared with the same period of 2010, with the highest fall in case of 4-room flats, according to a survey of AnunturiParticulari.ro real estate website.

Romanian Investigators Find Fifteen Other Weapons Stolen From Military Base In ‘09

12:09, 10 Feb. 2011
Romanian organized crime prosecutors found five AKM machine guns and ten pistols, stolen from the Romanian military base Ciorogarla, near Bucharest, in March 2009, hidden at Eugen Preda’s grandparents’ home, prosecutors said in a press release Thursday.

IMF: New Agreement Aims Keeping Romania On The Right Track

10:17, 10 Feb. 2011
Romania’s follow-up agreement with the International Monetary Fund sets a series of ambitious goals for the next two years, but not all of them will be completed by the end of the financial program, IMF mission chief Jeffrey Franks said late Wednesday.

Anticorruption Prosecutors Detain 97 Police, Customs Workers In W Romania

09:56, 10 Feb. 2011
Romania’s National Anticorruption Department has detained a total 97 border police and customs workers at border crossing points in western Romania suspected of corruption and smuggling.

Romanian Govt Approves Bill Eliminating Govt Inspectors

09:54, 10 Feb. 2011
Romania’s Government approved a bill Wednesday evening eliminating the position of government inspector and people filling such positions are to be transferred into a reserve body.

Romanian Customs Authority Head Fired Amid Corruption Scandal

07:24, 10 Feb. 2011
Romanian Prime Minister Emil Boc dismissed National Customs Authority head Radu Traian Marginean Wednesday evening, who has been indicted on charges of corruption.

Romanian PM Asks Cabinet For Solutions To State-Run Cos’ Arrears – Sources

20:25, 09 Feb. 2011
Romanian Prime Minister Emil Boc gave the ministers of Finance, Transports, Economy and Justice, as well as the president of revenue service ANAF, one week to find ways to reduce the arrears of state-owned companies.

Romanian Housing Price Should Drop Until 2H 2011 – Evaluators

17:31, 09 Feb. 2011
Romanian housing prices will continue to decrease slightly in the first half of the year and will stabilize in the second half, according to evaluation firm Darian.

Fifteen Police, Customs Workers In SW Romania Detained On Corruption Charges

16:00, 09 Feb. 2011
Fifteen border police and customs workers at a border crossing point in southwestern Romania on Wednesday have been detained for 24 hours by anticorruption prosecutors.

Romanian PM Calls For Public-Private Projects, New Auction For Comarnic-Brasov Hwy

14:48, 09 Feb. 2011
Romanian Prime Minister Emil Boc urged Cabinet ministers Wednesday to complete a list of public-private partnership projects by March and called for a new auction to award construction works for the Comarnic-Brasov highway.

Romania’s PM To Manage EU Project Management Unit Directly

14:27, 09 Feb. 2011
The Romanian Structural Instrument Coordination Authority (ACIS) will be transferred from under the authority of the Finance Ministry to the prime minister, to monitor European fund absorption, Prime Minister Emil Boc announced Wednesday.

Romanian Prosecutors Indict Customs Authority Head For Corruption

14:05, 09 Feb. 2011
Romanian anticorruption prosecutors on Wednesday indicted National Customs Authority head Radu Traian Marginean on charges of corruption, people close to the matter told MEDIAFAX.

Romanian Senate Rejects Bill Renaming Roma As Gypsies

13:27, 09 Feb. 2011
Romanian senators on Wednesday rejected 51 to 27 votes and five abstentions a bill that would have renamed the country’s Roma minority internally as “gypsies”.

Scorpions Farewell Tour Stops Over In Romania On June 9

13:13, 09 Feb. 2011
German rock band Scorpions will play a concert in Bucharest on June 9, at Zone Arena, part of their farewell tour, called Get Your Sting and Blackout World Tour, concert organizers said Wednesday.

Romania Should Focus On Supporting SMEs – Ctrl Bk Head

12:18, 09 Feb. 2011
Romanian authorities can take lots of measures to support small and medium-sized enterprises, such as reducing bureaucracy and checkups, but also improving the business environment, central bank governor Mugur Isarescu said Wednesday.

Thirty Police, Customs Workers In W Romania Detained On Corruption Charges

11:10, 09 Feb. 2011
Thirty border police and customs officers at border crossing points in western Romania have been detained following ample raids and five others will be investigated at large, the National Anticorruption Department said Wednesday.

Romania 2010 Trade Gap Narrows To EUR9.46B

10:23, 09 Feb. 2011
Romania’s trade deficit narrowed to EUR9.46 billion in 2010, from EUR9.86 billion a year earlier, the country’s statistics institute INS said Wednesday.

Bucharest City Hall Waives 3% Hotel Tax For 2011

16:00, 08 Feb. 2011
The Bucharest City Hall has waived the 3% tax on hotel revenue from accommodation for this year, giving up more than EUR2 million in income, but allowing hotel operators to lower their fees by 3%.

Almost 75% Of Romanian Minors Who Use Internet Receive Sexual Messages – Studies

15:17, 08 Feb. 2011
Three quarters of Romanian children aged between six and 17 use the Internet, 60% of them are contacted by pedophiles and 24% receive sexual messages, according to two studies presented by "Save the Children" and Focus, on Safer Internet Day.

Romanian Railway Workers Threaten To Go On General Strike In March

14:55, 08 Feb. 2011
Unions in Romania’s railway sector threaten to go on full-blown strike early March and triggered a work conflict Tuesday as collective work contracts have expired for all three state-owned railway companies.

Romanian Deputies Reject Prosecutors’ Request To Lift MP’s Immunity

14:46, 08 Feb. 2011
The Romanian anticorruption prosecutors’ request to have the immunity of democrat liberal MP Dan Pasat didn't garner sufficient votes for approval from the Chamber of Deputies Tuesday.

Romanian Consumers Among Most Affected By Crisis In 2010 – GfK

14:04, 08 Feb. 2011
Romanian and Greek consumers felt the worst effects of the crisis and the high public debt out of all Europeans last year, while Germans were the best off, according to a study by GfK.

Romanian Senate Committee Approves Copayment System For Public Healthcare

13:56, 08 Feb. 2011
Romania’s Senate committee for healthcare on Tuesday endorsed the bill introducing a copayment system for public healthcare services.

Romanian Senate Committee Rejects Bill Forcing Radios To Play Romanian Music

13:14, 08 Feb. 2011
Romania’s Senate committee for culture on Tuesday recommended that the plenum reject a bill that would force local radio stations to play Romanian music for 40% of their music playing air time.

IMF: Romania’s Decision To Waive On Final Installment Unmeddled With

11:59, 08 Feb. 2011
Romania’s decision not to draw the last installment from its EUR13 billion loan with the International Monetary Fund was made of the government’s own accord and it sends a positive signal to investors worldwide, an official of the International Monetary Fund said Tuesday.

Romania’s New Deal With EU Could Kick Off May 1

11:40, 08 Feb. 2011
Romania’s follow-up agreement with the European Commission might take effect on May 1, pending approval from the authorities in Brussels, a Commission official said Tuesday.

Romania Shouldn’t Expect Energy Price Hikes In „Near Future” – IMF

11:29, 08 Feb. 2011
Romanians should not expect electricity and gas prices to grow “in the near future”, since cost liberalization will develop gradually until 2015, according to Jeffrey Franks, the head of the International Monetary Fund’s delegation to Romania.

IMF: Romania Must Overhaul Energy, Transport Sectors

11:27, 08 Feb. 2011
Romania’s biggest challenge to ensure a sustainable economic growth will be to overhaul the public energy and transportation system, as the operators in the field require additional resources from the private sector, an official of the International Monetary Fund said Tuesday.

IMF Board To Review Romania Deal End March

11:01, 08 Feb. 2011
The Board of the International Monetary Fund will convene end March to approve the seventh and final review of its EUR13 billion stand-by loan extended to Romania and discuss the terms of a follow-up agreement, IMF mission chief Jeffrey Franks said Tuesday.

Romanian Anticorruption Authorities Detain 30 Police, Customs Workers In W Romania

08:41, 08 Feb. 2011
About 30 border police and customs workers have been detained Tuesday morning and taken in for questioning after a massive sting operation by anticorruption authorities that involved five customs points in western Romania, people close to the investigation told MEDIAFAX.

Main Taxes Unchanged In New Romania-IMF Deal – PM

20:31, 07 Feb. 2011
The follow-up deal between Romania and the International Monetary Fund will keep most taxes unchanged, while arrears will be eliminated gradually, Prime Minister Emil Boc said on Monday.

Romania To Deregulate Electricity, Natural Gas Markets By 2015

19:45, 07 Feb. 2011
Romanian Prime Minister Emil Boc said Monday Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund.

Romania Overdue Loan Payments Double To RON15B In Dec ‘10

15:06, 07 Feb. 2011
Romanian overdue payments on loans worth at least 20,000 lei (EUR1=RON4.2485) rose to RON15.07 billion in December 2010, more than double on the year, central bank data showed Monday.

Romanian Ctrl Bank Says Consumer Prices Exposed To Outside Pressure

14:42, 07 Feb. 2011
Romanian consumer prices are exposed to upward pressure from international food and oil prices, central bank governor Mugur Isarescu said Monday.

Around 4% Of Romanian Web-Surfing Children Accessed Inappropriate Content In 2010 – Eurostat

13:40, 07 Feb. 2011
Around 4% of the Romanian children who used the Internet in the last 12 months accessed inappropriate websites or got in contact with potentially dangerous people, according to a Eurostat study which places Romania below the European Union average of 5%.

Romania Ctrl Bk Says Surplus Cash In Market To Drop Shortly

13:36, 07 Feb. 2011
Romanian liquidity excess in the interbank market is mostly due to a cluster of four to five banks that show reserve in lending funds to their peers, central bank governor Mugur Isarescu said Monday.

About 35% Of Romanians To Spend Up To EUR500 On Holidays In 2011

13:15, 07 Feb. 2011
About 35% of Romanians polled by website ivox.ro said they can spend EUR300 to EUR500 this year on holidays, while 19.37% said their 2011 holiday budget ranges between EUR500 and EUR1,000.

Romania Seeks New Deal With Parent Banks – Ctrl Bker

12:40, 07 Feb. 2011
Romania is seeking to extend its agreement with the parent banks of the country’s top nine lenders regarding their exposure on the domestic market, central bank governor Mugur Isarescu said Monday.

Romania, IMF Set Terms Of EUR5B Follow-up Deal – Ctrl Bk

12:35, 07 Feb. 2011
Romanian authorities have reached an agreement with the International Monetary Fund and the European Commission regarding the terms of a new EUR5 billion credit line, central bank governor Mugur Isarescu said Monday.

Romania Central Bank Ups 2011 Inflation Forecast To 3.6%

12:05, 07 Feb. 2011
Romania's central bank revised upward its forecast on the annual inflation to 3.6% at the end of 2011, from 3.4% previously, central bank governor Mugur Isarescu said Monday.