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Fifty-Three Border Police In E Romania Brought In For Questioning

10:23, 21 Feb. 2011
Fifty-three border police officers, including the head of the local border police, from the Albita border crossing point in eastern Romania were taken in for questioning Monday following raids at the customs point and suspects’ homes.

Romanian Authorities Raid E Romanian Customs Point

08:23, 21 Feb. 2011
Romanian authorities raided Monday morning homes and offices of border police and customs workers in Albita customs, eastern Romania, where dozens are suspected of bribe taking and cigarette smuggling.

Romania’s New Labor Code To Create More Flexible Labor Mkt – PM

16:11, 20 Feb. 2011
Romania’s new Labor Code will create a more flexible labor market and will help Romanians find a job faster, Prime Minister Emil Boc said Sunday.

Romanian Housing Prices Down 10% In Jan ‘09-Sep ’10

13:45, 20 Feb. 2011
Romanian house and apartment prices dropped some 10% between January 2009 and September 2010, according to data released by the national statistics institute INS.

Romanian Subway Co Metrorex Awards Contract For Subway Sector Construction

13:42, 20 Feb. 2011
Romanian state-run subway company Metrorex awarded a EUR215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania).

Romanian Govt Expects To Collect About RON2B From Car Pollution Tax In ’11

13:37, 20 Feb. 2011
The Romanian Government expects to collect about 2 billion lei (EUR1=RON4.2493) from the car pollution tax this year, up RON437.5 million compared to the sum estimated to have been collected in 2010 and triple compared to that collected in 2009.

Romania January Car Sales Up 16% On Year To 4,399 Units

17:33, 18 Feb. 2011
Romanian new passenger car sales rose 16% on the year, to 4,399 units in January, the Automotive Manufacturers and Importers Association, or APIA, said Friday.

EC Notes Romania’s Progress In Investigating High Level Corruption

15:33, 18 Feb. 2011
The Romanian Anticorruption Department (DNA) maintained “its convincing track record in investigating high level corruption”, but high-level corruption cases have seen little movement in court, according to the European Commission's interim report on Romania’s progress under the CVM.

Romania’s Romtelecom, Cosmote Could Merge Ahead Of Listing – Min

15:15, 18 Feb. 2011
Romania’s largest fixed line telephony operator Romtelecom and mobile telecom company Cosmote Romania could merge before the state starts procedures to list a 46% stake in Romtelecom on the Bucharest Stock Exchange, IT&C Minister Valerian Vreme said Friday.

Romanian Transport Min Says Cernavoda-Constanta Hwy Works To Be Completed Next Year

15:11, 18 Feb. 2011
Romanian Transport Minister Anca Boagiu said Friday the Cernavoda-Constanta segment of the Bucharest-Constanta Highway will be completed next year but the section will be open for traffic this year.

Romanian Union Leader Says New Labor Code Legalizes Slavery, Calls For Protests

14:48, 18 Feb. 2011
Romanian Cartel Alfa union leader Bogdan Hossu said Friday changes in labor legislation allow a new form of slavery, as employers may operate collective layoffs anytime and hire new people the next day.

EC Report Notes Romanian Parliament Blocked Investigation Of Fmr Minister, MP

14:44, 18 Feb. 2011
The European Commission's interim report on Romania's justice sector mentions the Parliament blocking the investigation of former minister Monica Iacob Ridzi and MP Dan Pasat, and its decision to reduce the National Integrity Agency's budget, citing budget constraints.

EC Report Notes Positive Effects Of Romania’s Amended Constitutional Court Law

14:33, 18 Feb. 2011
The European Commission’s interim report on Romania’s justice system, released Friday, noted improvements in speeding up trails by amending the law on the country’s Constitutional Court.

Romania Should Focus On Strengthening General Anti-Corruption Policy – EC Report

14:26, 18 Feb. 2011
Romania should focus on measures improving the celerity of high-level corruption trials and strengthening general anti-corruption policy until the European Commission's next assessment, according to the EC’s interim report on Romania’s progress under the Cooperation and Verification Mechanism.

Romania Must Prepare For Effects Of New Legal Codes – EC Report

14:07, 18 Feb. 2011
The European Commission's interim report on the Cooperation and Verification Mechanism says Romania's main challenge regarding judicial reform in the coming months "will be to prepare successfully for the entry into force of the four new codes."

Archaeological Digs Hinder Progress On Romanian Cernavoda-Constanta Hwy – PM

13:55, 18 Feb. 2011
Romania's Government is having some problems with the construction of the Bucharest-Constanta Highway, because of the archaeological sites on the Cernavoda-Constanta segment, and is looking for solutions so that work could be finished by the end of the year, Prime Minister Emil Boc said Friday.

Romanian Businessman Dinu Patriciu Wins Lawsuit Against Intelligence Service

13:49, 18 Feb. 2011
Romanian businessman Dinu Patriciu on Friday won a lawsuit against the Romanian Intelligence Service (SRI), which must pay him moral damages of 50,000 lei (EUR1=RON4.2493) for illegal phone call tapping.

Ferrari Dealer In Romania To Open Lotus Showroom In Feb

12:55, 18 Feb. 2011
Forza Rossa, Ferrari dealer in Romania, will bring sports car brand Lotus on the local market, under an exclusive agreement with the British carmaker, the company said in a press release.

Romanian Govt Might Seek Confidence Vote To Pass New Labor Code

12:29, 18 Feb. 2011
Romania’s Government may seek a confidence vote in Parliament to adopt new labor legislation, Prime Minster Emil Boc said Friday, adding a decision will be made after talks in the Government and the ruling coalition.

Romania Might Emerge From Recession In End-March – PM

19:45, 17 Feb. 2011
Romanian Prime Minister Emil Boc said Thursday that Romania might emerge from recession by the end of March, having posted 0.1% growth in the GDP in the fourth quarter of 2010.

Three Quarters Of Romanians Avoid Interacting With Banks – Poll

18:51, 17 Feb. 2011
A poll conducted by Romanian surveyor IRES revealed that 76% of Romanians would prefer to stay away from banks, while less than half of bank clients trust the lenders.

National Collective Contract Removed From Latest Draft Of Romanian Labor Code

18:47, 17 Feb. 2011
Every mention of the single national collective labor contract has been struck from the latest draft of Romania's Labor Code, which will be discussed Friday by Prime Minister Emil Boc, Labor Minister Ioan Botis and the major labor unions.

Romanian Probationary Employment Period No Longer Than 90 Days – Draft Labor Code

18:17, 17 Feb. 2011
The probationary employment period will be no longer than 90 calendar days, for both regular and management positions, and an employer will be allowed to have several people on trial for the same job, but for no longer than one year in all, says the latest draft of Romania's Labor Code.

EXCLUSIVE: Romanian Govt Wants To Recover Social Benefits Cashed By Ineligible Beneficiaries

17:58, 17 Feb. 2011
Romania's Government is considering steps to recover money provided as social assistance to fraudulent beneficiaries, such as reducing later benefits or creating a repayment schedule, and will check the applicants' real source of income before disbursing such benefits in the future.

EXCLUSIVE: Romanian Govt To Reduce No Of Social Services, Beneficiaries

17:39, 17 Feb. 2011
Romania will reduce the number of social services and beneficiaries, whose eligibility for assistance will be tied to their efforts to find work and their children's school performance, says a government paper obtained by MEDIAFAX.

Romanian Tour Agency 2010 Sales Down 15% On Year – Assoc

16:13, 17 Feb. 2011
The sales of Romanian tour agencies dropped by an average 15% in 2010, compared to 2009, and dozens were forced to close because of the economic crisis, said Corina Martin, head of the National Association of Tour Agencies (ANAT).

Romania Dec ‘10 Construction Output Rises At Fastest Pace In EU

14:33, 17 Feb. 2011
Romania's construction output rose 17.6% on the month in December 2010, the highest increase in the European Union, official data showed Thursday.

Romania Wants To Double No. Of Foreign Tourists By 2015

11:58, 17 Feb. 2011
Romania wants to double the number of foreign tourists that visit it by 2015 compared to the numbers recorder in 2010, according to the Tourism Ministry’s strategy presented Tuesday.

Romanian Tourism Sector Has Overcome Crisis, Minister Says

10:31, 17 Feb. 2011
Romania’s tourism sector has overcome the financial and economic crisis as both hotels and tour operators have posted increased contributions to the country’s gross domestic product last year, Tourism Minister Elena Udrea said Thursday.

Romanian Govt Rejects Rail Co CFR Marfa’s 2011 Budget Over Forecast Losses

20:38, 16 Feb. 2011
Romania's Government on Wednesday approved the budgets of several state-run companies, but rejected that of rail cargo carrier CFR Marfa, with Prime Minister Emil Boc arguing that a budget's first draft shouldn't forecast losses, but at most zero profit.

Romanian Rail Co CFR Marfa Management, Workers Sign 2011 Collective Work Contract

20:22, 16 Feb. 2011
The management of Romanian state-owned rail freight company CFR Marfa and its workers' union on Tuesday signed the collective labor contract for 2011, which provides protection for the employees to be made redundant as the company is restructured

Romanian Govt Orders „Legal High” Shops To Stock Authorized Products Exclusively – Sources

20:05, 16 Feb. 2011
Romanian "legal high" shops will be required to sell solely government-approved products, and authorities will crack down on the sale of hallucinogenic plants and associated substances, people close to the matter told MEDIAFAX on Wednesday.

Romania To Guarantee Loans Contracted By Homeowners For Building Façade Repairs

16:38, 16 Feb. 2011
The Romanian state will subsidize the interest and guarantee the loans taken out by homeowners for building façade repairs, according to a draft act drawn up by the Tourism and Regional Development Ministry.

Oxford Economics Revises Up Romania’s 2011 GDP Growth To +0.1%

16:32, 16 Feb. 2011
Oxford Economics revised its forecast for Romania’s economic growth in 2011 from a negative 1% to a “marginal” increase of 0.1%, but warned that the main growth catalyst, the exports, is also a vulnerability.

Romanian Proprietatea Fund Could Pay RON0.0156 Dividend

16:10, 16 Feb. 2011
Romanian investment fund Fondul Proprietatea (FP.RO) could pay a gross dividend of 0.0156 lei per share (EUR1=RON4.2584) from last year’s profit, much lower than the one paid a year earlier, according to a memo sent Wednesday to the Bucharest bourse.

Romanian Carmaker Dacia To Launch Minivan, City Car Models In 2011

14:45, 16 Feb. 2011
Romanian carmaker Dacia, owned by French group Renault, will launch two family car models this year, a minivan that will cost EUR14,800, which could be called Popster, and a city car derived from a light commercial vehicle, according to L'Automobile Magazine.

Romanian Online Retailer eMag ’10 Sales Up 60%, To EUR102M

14:19, 16 Feb. 2011
Romanian IT&C online retailer eMag Wednesday said its sales rose 60% year-on-year in 2010, to EUR102 million, due to attracting new corporate clients, a larger product range and better organization processes.

EXCLUSIVE: Romanian President Pushes For Technocrat PM

13:37, 16 Feb. 2011
Romanian President Traian Basescu told local democrat liberal leaders in a meeting Tuesday evening they need to convince lawmakers the country needs a technocrat for prime minster, sources at the meeting told MEDIAFAX.

Romanian Carmaker Dacia Ranked 7th In CEE By No. Of Cars Sold In ‘10

13:17, 16 Feb. 2011
Romanian carmaker Dacia is ranked seventh in Central and Eastern Europe regarding the number of cars sold in 2010 and Dacia Logan is the third best selling car brand, according to automotive business intelligence provider JATO.

Bucharest City Mall Auctioned Off For At Least EUR33M

13:04, 16 Feb. 2011
Bankrupt City Mall shopping center in Romania’s capital city Bucharest will be put up for sale at the end of March at a starting price of EUR33 million, judicial administrator Casa de Insolventa Transilvania said in a statement Wednesday.