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Bucharest Historic Center Rents Rise, Defying Trend – CBRE Romania

14:58, 12 Oct. 2010
Bucharest’s historic center is the only area in the city where retail rents have grown since 2008, following ongoing rehabilitation and upgrade works, according to real estate consultancy firm CB Richard Ellis Romania, or CBRE.

No. Of Romanian Private Sector Employees Dn 5% in Sept 2010, Wages Up 9% – Survey

14:47, 12 Oct. 2010
The average number of employees in the Romanian private sector decreased by 5% in September 2010 compared to the same month last year, and employees’ average salary income was up 9%, according to a survey conducted by staff management company PayLogic.

Around Half Of Romanian Homeowners Will Have Mandatory Insurance By 2011 – Regulator

13:33, 12 Oct. 2010
Around half of Romanian homeowners will sign mandatory home insurance policies by July 2011, compared to fewer than 10% at the moment, Insurance Supervision Commission president Angela Toncescu said Tuesday.

Romanian Senate Standing Bureau Denies Emergency Procedure For Pension Reform

12:17, 12 Oct. 2010
Romania’s ruling Democratic Liberal Party asked the Senate’s standing bureau Tuesday to approve an urgency procedure for the reexamination of the pension bill, but the opposition-dominated bureau rejected the request.

Romanian PM Says Govt Will Pay Debts To German Cos, Keep 16% Flat Tax

12:01, 12 Oct. 2010
Romanian Prime Minister Emil Boc told German Chancellor Angela Merkel Tuesday Romania will pay its debts to private companies and the government will continue to support investors by keeping the 16% flat tax, not taxing reinvested profit and developing public-private partnerships.

Germany To Liberalize Labor Mkt For Seasonal Workers As Of January 2011 – Romania PM

11:50, 12 Oct. 2010
Germany will liberalize its labor market for seasonal workers, starting January 1, 2011, Romanian Prime Minister Emil Boc said Tuesday after talks with German Chancellor Angela Merkel.

Merkel : Romania’s Accession To Schengen Area Depends On Border Security Conditions

11:34, 12 Oct. 2010
Romania’s accession to the Schengen area will depend on the country's observance of technical conditions to ensure the European Union’s external border security, and not on aspects regarding the social integration of Roma ethnics, German Chancellor Angela Merkel said Tuesday.

Romania Wants To Sign Strategic Partnership With Germany –PM

10:37, 12 Oct. 2010
Romania is counting on Germany’s support within the EU and wants to sign a strategic partnership with Germany, Romanian Prime Minister Emil Boc said in the beginning of a meeting with German Chancellor Angela Merkel.

Romania’s Ruling Coalition Wants Govt To Seek Confidence Vote To Pass Education, Wage Bills

09:26, 12 Oct. 2010
Romania’s ruling coalition decided Monday evening that the Government will seek a confidence vote in Parliament to pass the country’s education bill and unitary wage bill, people with direct knowledge of talks told MEDIAFAX.

Gazprom Head Might Visit Bucharest This Week – Sources

20:56, 11 Oct. 2010
Russian gas group Gazprom’s chairman Alexei Miller will visit Romania’s capital city Bucharest this week to talk with local authorities about the South Stream gas pipeline project, people close to the matter told MEDIAFAX Monday.

Romanian Agric Min Says Increase In Food Prices Ungrounded And Artificial

16:27, 11 Oct. 2010
Romania’s Agriculture Minister Valeriu Tabara said an increase in prices of agri-food products is ungrounded and artificial, adding food processors and those selling food products siphon off profits in the system, to the detriment of raw material producers and consumers.

Romanian President Basescu To Meet German Chancellor Merkel On Tuesday

15:34, 11 Oct. 2010
Romanian President Traian Basescu and German Chancellor Angela Merkel will have an official meeting Tuesday at the presidential palace in Bucharest, followed by a joint press conference.

Romanian Coalition Govt Meets Monday Evening To Discuss Pension, Education Laws

15:26, 11 Oct. 2010
Romania’s governing coalition will meet Monday evening to decide on ways to pass priority laws such as the pension reform and the education bill, Prime Minister Emil Boc said after talks with the head of state.

Tests Indicate No Pollution In Danube – Romanian Water Administration

14:55, 11 Oct. 2010
Tests conducted by experts of Romania’s Water Administration Authority (ANAR) on water samples in Bazias, the entrance point of Danube River in western Romania, indicate the quality of Danube’s water is within normal parameters, following the ecological disaster in Hungary.

Romanian Social Democrats To Boycott Lower Chamber Until Speaker Steps Down – Party Leader

14:55, 11 Oct. 2010
Romanian Social Democratic Party president Victor Ponta said Monday that his party's MPs will not attend the Chamber of Deputies' meetings until Speaker Roberta Anastase steps down.

Up to 750,000 Romanian State Employees Could Have Wages Raised

14:08, 11 Oct. 2010
Up to 750,000 Romanian employees in the public sector could have their gross wages increased up to 850 lei (EUR1=RON4.2675), Labor Ministry state secretary Valentin Mocanu said Monday.

Romania Sept New Car Registrations -19% On Mo To 6,860 Units

13:36, 11 Oct. 2010
Romanian new car registrations fell 19% to 6,860 units in September, from 8,471 units a month earlier, Interior Ministry data showed Monday.

Romania Daewoo – Mangalia Shipyard Employees Go On General Strike Over Wage Raises

13:31, 11 Oct. 2010
About one third of the 3,000 employees of shipyard Daewoo - Mangalia Heavy Industries (DMHI) in southeastern Romania Monday went on general strike indefinitely disgruntled that they were denied a salary increase.

Romania Jan-Aug Trade Gap Widens To EUR6.1B

10:30, 11 Oct. 2010
Romania’s trade deficit widened to EUR6.09 billion in January to August, from EUR5.97 billion in the same period a year earlier, the National Statistics Institute said Monday.

Romania September CPI +0.56% On Month, +7.77% On Year

10:20, 11 Oct. 2010
Romanian consumer prices rose 0.56% on the month in September, largely driven by higher food and service prices, while the annual inflation accelerated to a fresh two-year high at 7.77%, the country’s statistics institute INS said Monday.

Romania Meets 9-Mo Fiscal Targets, IMF Delegation To Discuss Pension Bill – IMF Official

15:17, 10 Oct. 2010
Romania has met its main nine month fiscal targets, and the International Monetary Fund delegation, coming to Bucharest in October for a new evaluation of the agreement, will assess the impact of sending the pension bill back to Parliament, said Romania's representative to the IMF, Mihai Tanasescu.

Romanian Airline Blue Air To Continue Operations, Challenge Insolvency Claims

17:37, 09 Oct. 2010
Romanian airline Blue Air will continue to operate, either on its own or under a court-appointed administrator, and will submit a request for the suspension of the insolvency procedure on Monday, said Gheorghe Racaru, the parent group's strategy and development manager.

Romanian Dacia Logan Sales In Russia Up 15% In Jan-Sep 2010

13:18, 09 Oct. 2010
Romanian carmaker Dacia sold 44,194 Logan models in Russia in the first nine months of 2010, up 15% from 2009, ranking sixth among the best-sold brands, in a market which grew 18%, to 1,321,027 cars.

Romanian Govt Proposes Raising Low Public Salaries To RON850 – Unions

18:33, 08 Oct. 2010
Romanian Government officials propose increasing small public sector salaries up to 850 lei (EUR1=RON4.2682), but make the 25% slash introduced in June permanent through a new public wage law, "Sanitas" union federation vice-president Adrian Barea said Friday, after talks at the Ministry of Labor.

Bucharest Court Allows Insolvency Claim Against Airline Blue Air

17:17, 08 Oct. 2010
The Bucharest Court Wednesday allowed insolvency claims against Romanian low-cost airline Blue Air filed by airline Carpatair and Service Excellence Solutions, Court spokeswoman Laura Radu told MEDIAFAX Friday.

Life Will Have Us Level Retirement Age By 2030 – Romanian PM

13:57, 08 Oct. 2010
Romanian Prime Minister Emil Boc said Friday that “life will have us equalize the retirement age by 2030”, adding that a decision on this matter is in the hands of the Parliament.

Romanian Environ Min Says Romania Not In Danger Of Red Sludge Contamination

12:50, 08 Oct. 2010
Romanian Environment Minister Laszlo Borbely said Friday information received from Hungarian experts shows the Danube River is not in danger of contamination with toxic red sludge at its point of entry in Romania, but Romanian authorities are prepared to intervene.

Hungary Toxic Mud Spill Reached Danube Thursday Afternoon – Romanian Water Administration

16:23, 07 Oct. 2010
Romania’s National Water Administration on Thursday said the toxic red sludge that burst out of a Hungarian factory's reservoir has contaminated the Raba River in Hungary and reached the Danube River, at 2 p.m..

Romanian President Sends Pension Bill Back To Parliament

15:48, 07 Oct. 2010
Romanian President Traian Basescu said Thursday that he will send the public sector unitary pension bill back to the Parliament, requesting that the standard retirement age be set at 63 for women.

Romanian Social Democrats Promise 15% Profit Tax, Differentiated Taxation In No-Confidence Motion

15:19, 07 Oct. 2010
The Romanian Social Democratic Party on Thursday finalized the text of its motion of no-confidence, having also gathered more than two million endorsing signatures, according to senator Olguta Vasilescu.

Romanian Teachers Might Face Disciplinary Action For Tutoring Own Students For Money

14:31, 07 Oct. 2010
The Romanian Senate’s education committee Thursday adopted an amendment to the country’s education bill whereby teachers charging money for private tutorials offered to their own students commit a disciplinary offence.

Hungary Toxic Mud Spill Could Reach Romania Saturday – Emergency Authorities

13:23, 07 Oct. 2010
Emergency authorities in Mehedinti county, south-western Romania, have convened Thursday to decide what must be done regarding the ecological disaster in Hungary and stressed the industrial toxic mud spill might reach Bazias, where the Danube River enters Romania.

Bucharest’s Giulesti Maternity Fmr Manager Under Criminal Investigation

13:23, 07 Oct. 2010
Romanian prosecutors started criminal investigations against Bogdan Marinescu, former manager of the Giulesti maternity in capital Bucharest, on charges of negligence, in the case involving a fire in the hospital’s maternity ward, the General Prosecutors’ Office said Thursday.

Romanian Govt Decree Helping Young Entrepreneurs To Be Adopted After Public Debate

09:32, 07 Oct. 2010
The Romanian Government’s draft emergency decree granting state aid to people aged 18 to 35 who want to start businesses will be put up for public debate and will be adopted afterwards together with its application norms, Prime Minister Emil Boc said Wednesday evening.

EXCLUSIVE: EC Asks Romanian Authorities To Explain Ordinance On Consumer Loans, After Complaints

19:54, 06 Oct. 2010
The European Commission is asking Romanian authorities for an explanation, after it received complaints regarding the transposition of Directive 84/2008 into Romanian legislation through Emergency Ordinance 50/2010, which requires banks to ensure transparency for current loan contracts.

IMF Sees Romanian GDP Falling At Fastest Pace In Emerging Europe

17:23, 06 Oct. 2010
Romania’s economy will shrink at the fastest pace among emerging states in Europe this year, while its estimated growth of 1.5% for 2011 will be the smallest in the region, the International Monetary Fund said in its latest global outlook report.

Romanian Automobile Dacia To Continue Production Of Euro 4 Vehicles Only For Foreign Mkts

14:53, 06 Oct. 2010
Romanian carmaker Automobile Dacia, owned by French Renault Group, will continue to produce vehicles equipped with Euro 4 engines, but only for countries with no car pollution tax, Automobile Dacia general manager Jerome Olive told MEDIAFAX.

EXCLUSIVE: IMF: Parent Banks May Want To Increase Exposure To Romania Voluntarily

14:41, 06 Oct. 2010
Romania’s agreement with the parent banks of the largest local lenders is temporary and the country won’t probably need it any more in a year and a half, as the banks will want to increase their exposure voluntarily, an official of the International Monetary Fund said Wednesday.

EXCLUSIVE: Romanian New IMF Deal Under EUR13B, Fund Says

14:00, 06 Oct. 2010
Romania’s potential new agreement with the International Monetary Fund would be “undoubtedly” smaller than its current EUR13 billion deal, IMF mission head Jeffrey Franks said Wednesday, adding that the financing program will most likely be a precautionary arrangement.

EXCLUSIVE: Syrian President Bashar Al-Assad To Visit Romania This Year

13:42, 06 Oct. 2010
Syria’s President Bashar al-Assad will visit Romania this year and the two countries will sign several bilateral agreements, including a treaty on extradition, Romanian Foreign Affairs Minister Teodor Baconschi told MEDIAFAX Wednesday.