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Unions At Romanian ArcelorMittal Galati To Hold Strike On Mar 10

15:03, 25 Feb. 2011

Four trade unions at Romanian steel processor ArcelorMittal Galati on Friday announced a general strike starting March 10, displeased with the proposed 8% wage hike countering their 18% demand.

Romanian Econ Min: Nuclear Proj Not Dependent On Foreign Partners

15:00, 25 Feb. 2011

Romania’s planned EUR4 billion nuclear project in Cernavoda will go on with or without new foreign partners, Economy Ministry Ion Ariton said Friday, a few weeks after three key investors have decided to withdraw from the project.

Romania’s BCR 2010 Net Profit Falls 47% To RON465M

09:42, 25 Feb. 2011

Romanian leading bank group Banca Comerciala Romana (BCR) Friday reported a 46.7% drop in its net profit after minorities and taxes to 465 million lei (EUR1=RON4.2331) in 2010, hurt by rising provisions and lower revenue from fees.

Romanian Govt To Seek Confidence Vote On New Labor Laws Next Week

09:33, 25 Feb. 2011

Romania’s Government will seek a confidence vote in Parliament to adopt new labor legislation next week, Prime Minster Emil Boc said on public television Thursday evening.

Fifty-Six Romanians, Foreigners Evacuated From Lybia Aboard Romanian Plane

09:07, 25 Feb. 2011

One of the two military aircrafts Romania sent to evacuate its citizens from Libya landed safely in Bucharest Friday morning, carrying 56 Romanians and foreign nationals on board

Romania Must Analyze Whether Euro Adoption Still Possible In 2015 – Pres

20:27, 24 Feb. 2011

Romanian President Traian Basescu said Thursday that authorities should analyze whether it is still possible for Romania to adopt the euro in 2015, as the Eurozone can no longer support weak economies.

JP Morgan: Romanian GDP Likely To Grow 2% In 2011

19:07, 24 Feb. 2011

Romanian economy is on its way to wake up from over two years of “hibernation” in 2011, aided by growing exports, good reforms and a vital bailout program led by the International Monetary Fund and the EU, according to a report from JP Morgan Chase Bank.

Romanian Anticorruption Department Indicted 402 Public Officials In 2010

14:45, 24 Feb. 2011

Romania’s National Anticorruption Department indicted 402 people holding public office or management positions last year, including a former prime minister, three former ministers and three lawmakers.

Romania Among Poorest Regions In EU – Eurostat

14:27, 24 Feb. 2011

Six Romanian administrative regions, making up the entire country except the area around the capital, rank among the poorest regions in the European Union, according to Eurostat.

Romanian Govt To Make Labor Legislation More Flexible At Any Cost

13:57, 24 Feb. 2011

Romania’s Government will create a more flexible Labor Code even at the risk of being ousted, Andreea Paul Vass, adviser to Prime Minister Emil Boc, said Thursday.

Lukoil, Vanco To Explore Two Offshore Blocks In Romania

12:43, 24 Feb. 2011

Russian Lukoil and US Vanco International have signed two concession agreements with Romania’s Mineral Resources Agency ANRM, for the exploration and development of two blocks in the Romanian sector of the Black Sea.

Romania Expects Schengen Accession Calendar From Eu’s Hungarian Presidency

12:38, 24 Feb. 2011

Romanian Prime Minister Emil Boc told European Council President Herman Van Rompuy Thursday Romania is expecting the EU’s Hungarian presidency to set a calendar for the country’s Schengen accession, adding the country has secured its borders.

Romanian Insurance Mkt Down 5.7% In 2010, To RON8.36B

11:15, 24 Feb. 2011

Romania’s insurance market declined 5.7% on the year in 2019, to 8.36 billion lei (EUR1=RON4.2261), the second year of decline, according to preliminary data released by the country’s insurance watchdog CSA.

Orange Romania Revenues Dn 7.8% To EUR973M In ‘10

10:52, 24 Feb. 2011

Telecom operator Orange Romania’s revenues dropped 7.8% last year, to EUR973 million, the company said in a press release Thursday.

Romanian OMV Petrom Prepares To Raise Fuel Prices – CEO

09:53, 24 Feb. 2011

Romania's largest oil company OMV Petrom (SNP.RO) will raise its fuel prices in the coming days, following the increase of international crude oil quotations as a result of social and political tensions in the Middle East and North Africa.

EBRD Sells Interest In Romania’s BRD For RON454.7M

20:49, 23 Feb. 2011

The European Bank for Reconstruction and Development on Wednesday sold its stake in Romania's second-largest bank BRD-Groupe Societe Generale (BRD.RO) for 454.7 million lei (EUR1=RON4.2261), in several deals on the Bucharest stock exchange.

Romania Faces No Flu Epidemic Threat – Health Minister

17:38, 23 Feb. 2011

Romanian Health Minister Attila Cseke said Wednesday there is no risk of an epidemic of influenza in Romania, although the number of flu cases has increased.

Romania Has Worst Housing Conditions In EU – Eurostat

14:48, 23 Feb. 2011

Romania has the worst housing conditions among European Union countries, as over 40% of the population lives in dwellings with no indoor flushing toilets, bath or showers, according to the EU’s statistics office Eurostat.

Romania Dec ’10 Indus Orders Rise At 4th Fastest Pace In EU

14:46, 23 Feb. 2011

Romanian industrial new orders rose 42.3% on the year in December 2010, the fourth biggest increase in the European Union, official data showed Wednesday.

Romanian Cos May Pay Debts To State In Installments Over Five Years

14:46, 23 Feb. 2011

Romanian companies will be able to pay their debts to the state in installments over five years, without overdue penalties, as per a facility to be introduced through a government ordinance, said tax authority ANAF official Mihai Gogancea-Vatasoiu.

Romania Absorbed EUR1.9B In EU Funds, 10% Of Total Allowance

13:40, 23 Feb. 2011

Romania had absorbed EUR1.9 billion in EU structural funds, excluding agriculture, by the end of 2010, accounting for only 10% of the total funds available for the period 2007-2013, Finance Ministry official Bogdan Dragoi said Wednesday.

Central European Media Enterprises’ Net Profit Hit $100.1M In 2010

13:01, 23 Feb. 2011

Central European Media Enterprises (CME), specialized in broadcast, content and new media in Central and Eastern Europe, reported a net profit of $100.1 million last year, after losses amounting to $97.1 million in 2009.

Romanian Senate Tacitly Adopts Child-Rearing Benefit Decree

12:48, 23 Feb. 2011

Romania’s Senate adopted tacitly Wednesday an emergency decree regulating child-rearing benefits, which have been differentiated depending on the duration of maternity leave.

Romania January Private Lending -1.5% On Month To RON207.8B

12:35, 23 Feb. 2011

Romanian private lending fell 1.5% in real terms to 207.8 billion lei (EUR1=RON4.23) in January from a month earlier, but was up 4.3% on the year, central bank data showed Wednesday.

Romanian Ctrl Bk: Stimulating Consumption, Bad Idea For Economy

11:45, 23 Feb. 2011

Romania’s economic growth should be based primarily on local production, rather than consumption, central bank governor Mugur Isarescu said Wednesday.

Foreigners Prefer To Buy Properties In Romania, Rather Than Rent Them – Survey

11:24, 23 Feb. 2011

Foreigners have started buying luxury residential properties in Romania rather than rent them, as real estate prices have gone down over the past two years, according to real estate agency Vission House.

Romania OMV Petrom Considers Paying Dividends From 2010 Profit

09:47, 23 Feb. 2011

OMV Petrom (SNP.RO), Romania’s largest oil company, Wednesday proposed paying dividends to its shareholders from the 2010 profit, following good financial results.

Romanian OMV Petrom Switches To RON779M Profit In Q4/2010

09:17, 23 Feb. 2011

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it switched to a net profit of 779 million lei (EUR1=RON4.235) in the fourth quarter of 2010, fueled by higher prices for crude oil and increased sales.

Ten More Romanian Border Police Officers Placed Under Arrest

08:35, 23 Feb. 2011

The Bucharest Court of Appeals has issued 29-day preventive arrest warrants for ten more border police officers from Albita customs in eastern Romania detained Monday on charges of bribe taking and cigarette smuggling.

Romanian IT Exports Up 10% In 2010, To EUR500M

16:19, 22 Feb. 2011

Romanian exports of IT products and services grew 10% in 2010, to around EUR500 million, said Valerica Dragomir, executive manager of the Software and Services Industry Employers' Association (ANIS).

Romanian Tax Authority To Start Checking High Wealth Individuals In 2012

14:40, 22 Feb. 2011

Sorin Blejnar, head of Romanian tax authority ANAF, said there will be a major investigation into high wealth in the second half of next year, although some controls may be carried out in 2011.

Romanian President Calls For Evaluation Of Interior Ministry Staff, Eliminating Corruption

14:26, 22 Feb. 2011

Romanian President Traian Basescu said Tuesday the Interior Ministry’s reorganization must start with the evaluation of the institution’s central and local chiefs.

Court Rules To Halt Insolvency Procedures Against Romanian Airliner Blue Air

14:08, 22 Feb. 2011

The Bucharest Court has halted insolvency procedures for low-cost Romanian airliner Blue Air, the company said Tuesday.

Romanian Opposition To Submit No-Conf Motion Over Labor Laws

12:45, 22 Feb. 2011

Romanian opposition social democrats and liberals will submit a no-confidence motion against the Government if the latter decides to pass the new Labor Code into legislation through a confidence vote in Parliament, Social Democratic Party leader Victor Ponta said Tuesday.