English

Romania Ctrl Bker Says Currency Fluctuations Up To 4% Neglectable

20:51, 04 Mart. 2011
Fluctuations of 3% to 4% in the leu’s exchange rate are neglectable and should have minimum impact on prices, central bank governor Mugur Isarescu said Friday.

BRD: Romania Needs Higher Tax Collections To Trim Budget Deficit

18:03, 04 Mart. 2011
Romania’s assumed task to lower the budget deficit could prove more challenging in 2011 than it was last year, because it entails a bigger budgetary effort, a senior economist with BRD-Societe Generale said Friday.

EXCLUSIVE: Romanian Govt To Ban „Legal Highs” Under Threat Of Heavy Fines, Prison

17:52, 04 Mart. 2011
Romania's Government will ban the sale and possession of so-called "legal highs," plant-based psychoactive substances, under threat of fines of up to 100,000 lei (EUR1=RON4.2127) and 2-8 years in prison.

Bucharest To Maintain Low Office Occupancy Costs In Near Furture – Survey

17:21, 04 Mart. 2011
Bucharest will remain among Europe’s cities with the lowest office space occupancy costs over the next five years, according to real estate consultants DTZ.

Romanian 4Q ‘10 Finalized Dwellings Down By 6,251 To 16,680 Units

10:38, 04 Mart. 2011
The number of residential constructions finalized in the fourth quarter of 2010 fell by 6,251 units compared with the similar period a year earlier, at 16,680 units, the National Statistical Institute, or INS, said Friday.

Romanian PM Says Public Sector Reduced To 1.26M Employees

10:35, 04 Mart. 2011
The number of employees in Romania’s public sector has been reduced to 1.261 million with the application of cost standards in public administration, Prime Minister Emil Boc said Thursday evening on public television.

Romanian Regional Hospitals To Have 700-900 Beds, Cost EUR200-300M

10:17, 04 Mart. 2011
The regional emergency hospitals that will be built through a public-private partnership will have 700-900 beds and will cost EUR200-300 million each, Romanian Health Minister Attila Cseke said Thursday.

Romanian Transp Min To Implement European Train Categories

16:18, 03 Mart. 2011
Romania’s Transport Ministry will replace the four train types operated by state-run passenger railway company CFR Calatori with European train categories by the end of the year.

Hundreds Protest Across Romania Over New Labor Laws

14:49, 03 Mart. 2011
Hundreds of unionists are protesting Thursday outside prefects’ offices and headquarters of the ruling Democratic Liberal Party in cities across the country, disgruntled with new labor laws for which the Government seeks a confidence vote in Parliament next week.

USA To Send Romania Installment Plan For F-16 Sale – Sources

14:42, 03 Mart. 2011
The United States will send Romania a document concerning an installment plan for the potential sale of used F-16 aircrafts, to which Romania might respond with a new offer for the planes, people close to the matter told MEDIAFAX.

Romanian Leu’s Exch Rate Hits Fresh 10-Mo High At 4.2016 Vs Euro

14:28, 03 Mart. 2011
Romania’s leu rose slightly against the euro in mid trade Thursday and the central bank’s reference strengthened to a fresh ten-month high at 4.2016 units, from 4.2051 units a day earlier.

Romanian Labor Min Says Pvt Pension Funds Should Take Higher Investment Risks

14:24, 03 Mart. 2011
Romanian private pension funds should take more risks, Labor Minsiter Ioan Botis said Thursday at the Mediafax Talks about Private Pensions conference, adding different risk levels would ensure a more efficient asset management.

Half Of Romanian Mandatory Private Pension Fund Contributors Amassed RON500 Since ‘08

13:48, 03 Mart. 2011
About half of Romanian contributors to mandatory private pension funds (Pillar II) have amassed less than 500 lei (EUR1=RON4.2016) in their pension accounts since May 2008 when the system was launched, Mircea Oancea, head of the country’s private pension regulator CSSPP, said Thursday.

Romanians Spent 5% Less On Fast Moving Consumer Goods In 2010 – GfK

12:51, 03 Mart. 2011
Romanians spent 5% less on fast moving consumer goods last year compared to 2009, according to survey conducted by market research company GfKRomania.

Romanian Pvt Pension Fund Assets Seen Up 60% This Year, To Over EUR1.6B

12:16, 03 Mart. 2011
Assets of private pension funds in Romania could top EUR1.6 billion this year, 60% more than in 2010, Mircea Oancea, head of the country’s private pension regulator CSSPP, said Thursday.

Romanian Govt OKs Hospital Network Construction

11:30, 03 Mart. 2011
The Romanian Government gave the green light to the Health Ministry to build a network of six emergency hospitals in public-private partnership, people close to the matter told MEDIAFAX Wednesday.

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.