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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.

Romanian Leu’s Exch Rate Hits New 10-Mo High At 4.2051 Vs Euro

16:27, 02 Mart. 2011
Romania’s leu extended early gains versus the euro in mid trade Wednesday and the central bank’s reference strengthened 0.14% to a fresh ten-month high at 4.2051 units, from 4.2108 units a day earlier.

Romanian Senate Rejects Bill Legalizing Prostitution

16:23, 02 Mart. 2011
Romania's Senate on Tuesday rejected a bill legalizing sexual services, but a number of MPs admitted that the phenomenon of prostitution needs a legal framework.

Romanian Ruling Coalition Pledges To Ensure Economic Stability, Social Development

16:13, 02 Mart. 2011
The Romanian ruling coalition pledged in a collaboration protocol signed Wednesday to implement measures to ensure the country’s economic stability and social development.

Romanian Ruling Coalition Signs Collaboration Protocol

14:50, 02 Mart. 2011
The leaders of the Romanian ruling coalition parties signed a collaboration protocol Wednesday.

U.S. Court Approves Extradition Of Mihai Necolaiciuc, Wanted In Romania For Fraud

14:49, 02 Mart. 2011
Romania's Justice Ministry said Wednesday that the United States' Department of Justice has announced that a U.S. court has authorized the extradition of Mihai Necolaiciuc, wanted in Romania for embezzlement.

Bucharest 6th Sector Mayor Indicted For Abuse Of Position

14:28, 02 Mart. 2011
Cristian Poteras, mayor of Bucharest's 6th sector and head of the local land fund subcommittee, has been indicted for abuse of position, the National Anti-corruption Directorate announced Wednesday.

Romanian Econ Min: No Reason For Immediate Gas Price Hikes

14:10, 02 Mart. 2011
Romanian household prices for natural gas should not increase in the near future, since they have no reason to do so, the Economy Ministry said in a statement Wednesday.

Romanian Senate Adopts Bill Implementing Criminal Code

14:05, 02 Mart. 2011
The Romanian Senate on Wednesday adopted the draft law implementing the Criminal Code and amending a series of normative acts on criminal matters.

Bucharest Mayor To Meet With Chinese Investors In Beijing

20:13, 01 Mart. 2011
Bucharest Mayor Sorin Oprescu will make an official visit to Beijing, where he hopes to find investors for the city's projects, after the city councilors voted to slash the budget by over 1 billion lei (EUR1=RON4.2108).

Romania 6-Mo Econ Outlook Brightens Up In February – Survey

18:39, 01 Mart. 2011
Romanian economic outlook for the next six months improved slightly in February, after a decline of nearly 11 points a month earlier, a ZEW/Erste survey showed Tuesday.

Romanian Carmaker Dacia To Stop Logan Van Production In 2012

17:39, 01 Mart. 2011
Romanian carmaker Dacia, owned by French group Renault, will stop producing Logan Van in 2012 and the car will be replaced by the new model the French carmaker will produce starting next year at its car plant in Tangier, Morocco, said Renault representative Vincent Carre.

Most Romanians Consider Govt’s Anti-Crisis Measures Ineffective – Poll

16:43, 01 Mart. 2011
Most Romanians (80%) think that the anti-crisis measures taken by the Government were ineffective, according to a Eurobarometer survey published on Tuesday.

Half Of Romanians Most Troubled By Rising Prices, Inflation – Study

16:28, 01 Mart. 2011
Half of Romanians see the rising prices and inflation as their main problems, a third believe the crisis' impact on the labor market has not yet peaked, while 48% expect the job market to worsen in the next 12 months, says a Eurobarometer study.

About Half Of Romanians Satisfied With Their Lives, 4% Say Economic Situation Is Good – Poll

14:37, 01 Mart. 2011
Almost half of Romanians are satisfied with their lives, only 4% consider that the country’s economic situation is good and 14% of them expect the economy will recover in 2011, according to a Eurobarometer survey published on Tuesday.

Romanian Senate Committee Rejects Bill Requiring Psychological Exam For Public Candidates

13:44, 01 Mart. 2011
The Romanian Senate's committee for human rights on Tuesday issued a negative opinion on a bill requiring candidates for public office to undergo a psychological and psychiatric examination.

Romanian Senate Committee Rejects Decree Recalculating Military Pensions

13:08, 01 Mart. 2011
The committee for legal matters in the Romanian Senate on Tuesday recommended the Senate plenary reject a Government emergency decree recalculating pensions of former military staff.

Nearly 2,000 Military Retirees Protest In Bucharest Over Pensions

12:02, 01 Mart. 2011
Nearly 2,000 former military staff are marching Tuesday from the Military Academy in Romania’s capital Bucharest to the Government’s headquarters, in protest to the recalculation of their pensions and new labor legislation.

Romania Continues Evacuations From Libya

12:01, 01 Mart. 2011
Romanian authorities continue evacuations from Libya and 86 more Romanian citizens reached capital Bucharest Monday night.

Romanian Labor Code Forbids Collective Contracts Valid As Of 2012

18:50, 28 Feb. 2011
Romania's Government has decided to forbid collective labor contracts valid until later than December 31, 2011, as per the amended Labor Code, approved on Monday, which will be adopted through a vote of confidence in Parliament on March 8.

Romanian Employees Penalized For Indiscipline To Be Rehabilitated After 12 Mos

17:42, 28 Feb. 2011
Romanian employees who committed disciplinary infractions will be rehabilitated after a period of twelve months, according to an amendment to the Labor Code approved by the Government Monday.

Employers Using Illegal Labor To Face 1-2 Years In Prison – Amended Romanian Labor Code

16:58, 28 Feb. 2011
Employers using more than five people without work contracts will be punished by 1-2 years in prison or a criminal fine, will be denied state aid and EU funds and will be forbidden from taking part in public procurement auctions, says the amended Romanian Labor Code.

Romanian Employers May Not Put Employees On Unpaid Leave During Periods Of Reduced Activity

16:58, 28 Feb. 2011
The Romanian Government on Monday eliminated from the draft Labor Code a provision whereby companies which reduce or temporarily cease their activity may put their employees on unpaid leave, with the prior notice of the local union.

Romanian Govt To Seek Conf Vote For Labor Laws On March 8

15:50, 28 Feb. 2011
Romania’s Government will seek a confidence vote in Parliament to pass new labor legislation next Tuesday, March 8, and amendments to the bill are expected until Friday evening, said Senate vice-president Ioan Chelaru after the Parliament’s standing office meeting.

Romania’s January Annual Inflation, Highest In EU

13:33, 28 Feb. 2011
Romania posted the highest inflation in the European Union for the sixth consecutive month in January, while the EU average rate was stable at 2.7%, official data showed Monday.

Romanian Ruling Coalition Might Sign Collaboration Protocol Wednesday

12:37, 28 Feb. 2011
Romanian ruling coalition parties will most likely sign a collaboration protocol on Wednesday, Prime Minister Emil Boc said Monday.

Romanian President Attends Celebrations Of Kuwait’s Independence

16:57, 26 Feb. 2011
Romanian President Traian Basescu attended Saturday in Kuwait celebrations of the country’s 50-year anniversary of its independence and 20 years of freedom from Iraqi occupancy.

Romania’s Hungarian Minority Party Leader Says Territorial Autonomy Should Be Top Priority

15:07, 26 Feb. 2011
The outgoing leader of Romania’s Hungarian minority party UDMR said Saturday territorial autonomy for ethnic Hungarians has remained one of his unmet objectives and should be the party’s top priority in the coming years.

Mobile Op Cosmote Invested Almost EUR1B In Romanian Operations Over 5 Yrs

18:57, 25 Feb. 2011
Greek group Cosmote has invested almost EUR1 billion in Romania since its launch in December 2005, growing from 0.4% to a 24% market share, while revenue reached EUR468.6 million at the end of 2010.

Romanian Detained Customs Office Chief Confesses To Taking Bribes

16:57, 25 Feb. 2011
Cornel Costea, head of the customs office in Ploiesti, southern Romania, who has been placed under 29-day preventive arrest for corruption on Friday morning, confessed to taking bribes.

Romanian Govt, Unions Reached No Compromise On Labor Code – Union Leader

15:22, 25 Feb. 2011
Talks between the Romanian Government and labor unions on the Labor Code have failed, because of the labor minister's inflexibility and the Executive's attempt at manipulation, union leader Bogdan Hossu said Friday, adding that protests will continue.

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.