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Romanian Car Repair Shops Might Have To Let Customers Watch

15:39, 27 Apr. 2011
Romanian auto repair shops might be required to allow their customers to watch the work being done to their vehicles, according to a bill to be debated next week by the Parliament, democrat liberal deputy Adrian Badulescu said Wednesday.

CME Q1 Revenue Up 20% To $172.8M

13:48, 27 Apr. 2011
Central European Media Enterprises (CME) reported 20% higher net revenue in the first quarter of 2011, up to $172.8 million, and the group expects its TV advertising markets to grow this year.

Romanian President Summoned To Appear In Court After He Sued Opposition MP

13:09, 27 Apr. 2011
A Bucharest court on Wednesday summoned President Traian Basescu to appear in court on May 18, in a case in which the head of state sued opposition social democrat MP Mugurel Surupaceanu who accused the Government and the Presidency of supporting the use of recreational drugs.

Romania March Private Lending -1.9% On Month To RON204B

13:07, 27 Apr. 2011
Romanian private lending fell 1.9% in real terms to 203.9 billion lei (EUR50.05 billion) in March from a month earlier, and was down 5.3% on the year, central bank data showed Wednesday.

IMF Has ‘No Doubts’ On Romania 2010 Deficit Data – Official

13:02, 27 Apr. 2011
The International Monetary Fund has “no doubts whatsoever” on the quality of the budgetary data sent by Romania for 2010, the country’s representative to the IMF said Wednesday.

Nokia To Close Romanian Research And Development Center, Fire 120 Employees

13:01, 27 Apr. 2011
Finnish mobile giant Nokia could lay off about 120 employees from its Research and Development Center in Cluj, central Romania, and the center will be shut down by the end of the third quarter, part of the group’s strategy to align its global workforce and consolidate site operations.

Romanian PM Assures IMF Delegation Romania Can Emerge From Recession

12:02, 27 Apr. 2011
Romanian Prime Minister Emil Boc met Wednesday morning with a delegation of the International Monetary Fund, European Commission and the World Bank, whom he assured Romania can emerge from recession.

Romanian Senate Rejects Solidarity Tax Targeting Financial, Lending Institutions

11:55, 27 Apr. 2011
The Romanian Senate on Wednesday rejected a bill introducing a 2.5% solidarity tax on the profit of financial and lending institutions, which was put forward by several ruling democrat liberal lawmakers.

Romanian Anticorruption Prosecutors Question Fmr Railway Manager Mihai Necolaiciuc

11:47, 27 Apr. 2011
Romanian anticorruption prosecutors on Wednesday are questioning former state-owned railway company manager Mihai Necolaiciuc, who is accused of defrauding the company of EUR70 million.

Romanian Integrity Agency Asks Anticorruption Dept To Probe Ex-Labor Min

21:57, 26 Apr. 2011
Romania's National Integrity Agency (ANI) has asked the National Anticorruption Department (DNA) to investigate claims of conflict of interest brought against former Labor Minister Ioan Botis.

Romanian Senate Rejects Bill On Internet Pornography

19:19, 26 Apr. 2011
The Romanian Senate on Tuesday rejected a bill preventing and fighting internet pornography, as the draft normative act did not garner sufficient votes for approval.

Romania To Verify State Cos Data After EU Cites Uncertainties On 2010 Figures

17:58, 26 Apr. 2011
Romania's Finance Ministry will verify the accuracy of the financial figures reported by a series of state-run companies, after the European Union expressed reserve on the quality of the budget deficit data sent by the country.

Romanian Acting Labor Min Warns Illegal Work To Be Harshly Punished

12:56, 26 Apr. 2011
Romanian Prime Minister Emil Boc, recently appointed acting labor minister, said Tuesday the country’s new labor legislation sets harsher punishments for illegal work.

Romania To Set New Euro Adoption Target By End-April – PM

11:42, 26 Apr. 2011
Romania’s Government will decide on a new euro-adoption calendar by end-April, after talks with the president and the central bank, Prime Minister Emil Boc said Tuesday.

Romania Foregoes 2015 Deadline For Euro Adoption

14:04, 25 Apr. 2011
Romania gave up its self-imposed 2015 deadline for the euro adoption, saying the country will not be able to join the European Exchange Rate Mechanism (ERM-II) before 2013-2014, according to the draft convergence program for 2011-2014.

Amended Romanian Public-Private Law Punishes Tender Contestation Losers

13:57, 25 Apr. 2011
Companies will no longer have to provide a 2% guarantee in order to contest a Romanian tender for a public-private partnership contract, but a guarantee of 1% of the contract's estimated value will be a condition for participation.

Romanian FDI Seen Rising To EUR5.8B In 2014

13:55, 25 Apr. 2011
The Romanian government estimates foreign direct investments will increase to EUR5.8 billion in 2014, from EUR3.6 billion predicted for this year, according to the draft convergence program for 2011-2014.

Tax Increases Could Shadow Romania Private Consumption Recovery

13:53, 25 Apr. 2011
Romanian private consumption is set to pick up in the coming period, following sharp reductions in the previous years, but recovery could lag behind due to possible tax increases and higher global prices for oil and food items, according to the draft convergence program for 2011-2014.

Six People In Romanian Baneasa Airport Management Indicted In Procurement Fraud Case

14:05, 22 Apr. 2011
Romanian anticorruption prosecutors on Friday indicted six people, including four managers of the Bucharest Baneasa Airport, for causing damages of more than 23 million lei (EUR5.8 million) in an overestimated contract.

ING: Jobless Figures Don’t Reflect Romanian Economic Reality

13:31, 22 Apr. 2011
Romanian declining unemployment rate “is spectacular”, but it doesn’t reflect the economic reality in the country, ING Bank said in a report Friday.

Romanian PM Says New Labor Minister To Be Appointed After Easter

11:59, 22 Apr. 2011
Romania’s Prime Minister will appoint a new labor minister after Easter, following talks within the ruling Democratic Liberal Party, Boc said Friday.

Romanian Media Owner Sorin Ovidiu Vintu To Be Investigated At Large For Blackmail

08:42, 22 Apr. 2011
A Bucharest court ruled late Thursday Romanian businessman Sorin Ovidiu Vintu may be investigated at large for blackmailing the manager of his TV station, Realitatea Media, Sebastian Ghita.

Romanian Medicine Graduates Who Fail Intern Exam Will Have Limited Duties – Draft

18:00, 21 Apr. 2011
Romanian medical school graduates who failed the medical internship exam will be allowed into the system with limited duties, according to a draft order by the Health Ministry.

Romanian Cernavoda-Medgidia Hwy Segment To Cost Up To EUR170M

16:42, 21 Apr. 2011
Completing the Romanian Cernavoda-Medgidia highway segment will cost between 500 and 700 million lei (EUR120-170 million), without VAT, according to public road authority CNADNR's new tender announcement, published after terminating the contract with French constructor Colas.

Romanian Union Leader Marius Petcu Indicted For Corruption

16:23, 21 Apr. 2011
Romanian National Anticorruption Department prosecutors on Thursday indicted union leader Marius Petcu, who was caught rapid taking EUR40,000 in bribes.

Romanians Concerned Over More Price Increases – Survey

14:43, 21 Apr. 2011
Romanian consumers estimate further price increases in the coming period, due to possible higher taxes and charges, a survey from market researcher GfK showed Thursday.

Romanian Businessman Sorin Ovidiu Vintu Detained On Blackmail Charges

20:51, 20 Apr. 2011
Romanian businessman Sorin Ovidiu Vintu was detained Wednesday by the General Prosecutor's Office for blackmailing Realitatea Media manager Sebastian Ghita.

Romania Amends Law On Public-Private Partnership – Sources

15:48, 20 Apr. 2011
The Romanian Government amended the law on public-private partnerships (PPP), after the European Commission warned Romanian authorities that the normative act breaches EU legislation, people close to the matter told MEDIAFAX Wednesday.

Romanian Banks “Warming Up” For Lending Restart – Assoc

14:44, 20 Apr. 2011
Romanian banking system is going through a “warm-up” period, when the lenders provide mostly refinancing services, but the situation must change so that private lending can recover, the head of Romanian Banking Association said Wednesday.

EC Authorizes Romanian RON1.3B Aid Scheme For Farmers

14:40, 20 Apr. 2011
The European Commission on Wednesday has authorized a Romanian state aid scheme with a budget of 1.3 billion lei (EUR1=RON4.0858) which aims to support farmers who face difficulties due to the economic crisis.

Romanian Govt To Subsidize Purchase Of Electric, Hybrid Cars

14:17, 20 Apr. 2011
Romania's Government will encourage the purchase of electric and hybrid cars with price discounts of 20% and 10%, respectively (up to EUR3,700 or EUR1,800, respectively), Environment Minister Lazlo Borbely announced Wednesday.

Romanian Health Ministry’s Budget Raised by RON6.2M For Stem Cell Donors Registry

14:02, 20 Apr. 2011
The budget of the Romanian Health Ministry has been raised by 6.2 million lei (EUR1=RON4.0858) and its staff numbers by 24 people to ensure the functioning of the country’s stem cell donors registry, Prime Minister Emil Boc said after the Cabinet meeting Wednesday.

Romania Ctrl Bk Bound To Lose Popularity Once Economy Recovers

13:56, 20 Apr. 2011
Romania's central bank will resume acting as a brake on potential economic overheating once the economy recovers, deputy governor Bogdan Olteanu said Wednesday.

Romanian Mihai Necolaiciuc Brought To Romania To Stand Trial

13:54, 20 Apr. 2011
Romanian Mihai Necolaiciuc, wanted for embezzlement, was brought to Romania from the United States under police escort on Wednesday.

Romanian State Secretary Nicolae Ivaschescu Appointed Interim Labor Minister

13:43, 20 Apr. 2011
Romanian Labor Ministry state secretary Nicolae Ivaschescu was appointed interim minister after Labor Minister Ioan Botis resigned, Prime Minister Emil Boc said Wednesday.

Romanian Labor Minister Resigns Amid Conflict Of Interest Allegations

10:24, 20 Apr. 2011
Romanian Labor Minister Ioan Botis has resigned Wednesday morning after a talk with the prime minister, amid allegations of a potential conflict of interest raised by the fact that his wife is an adviser on a EU and Government-funded project.

WB: Romanian Leu Set To Firm Vs Euro On Long-Term

20:22, 19 Apr. 2011
Romania’s leu is bound to strengthen against the euro on the long run, once living standards improve, Kaspar Richter, senior economist at the World Bank (WB) told MEDIAFAX Tuesday.

Romanian Dacia Car Worldwide Sales Up 2% In 1Q, To 81,600 Units

20:21, 19 Apr. 2011
Sales of Romanian Dacia cars worldwide increased by 2% in the first quarter of 2011, to 81,600 units from 79,850 units in the same period last year, as the decline of the Logan and Sandero models was offset by solid sales of the Duster SUV, French group Renault announced.

Rompetrol Group Swings To $0.9M Net Profit In 1Q

19:56, 19 Apr. 2011
Romania’s second largest oil group Rompetrol Tuesday said it switched to a net profit of $900,000 in the first quarter, from a loss of $56.2 million in the year-earlier period.

WB: Romania Economy To See Solid Growth Improvement In 2011

19:54, 19 Apr. 2011
Romanian economy will grow at one of the fastest paces in Eastern Europe in 2011, but recovery remains sluggish, the World Bank (WB) said in a report Tuesday.