romania

Romanian May Forex Reserves Fall To EUR32B

13:57, 01 Iun. 2010
Romanian foreign exchange reserves fell EUR397 million in May to a EUR31.989 billion, central bank data showed Tuesday.

Romanian Railway Employees Threaten To Cease Work If Affected By Wage Cuts

20:09, 31 Mai 2010
Employees of Romania’s railway company CFR will not go on solidarity strike, union leader Voicu Sala told MEDIAFAX Monday, adding that, should the Government draw up a normative act aimed at cutting their salaries by 25%, the company will immediately cease all activities.

Romania To Cut By 15% Benefits For People Assisting First-Degree Disability Pensioners

19:53, 31 Mai 2010
Romania’s Government decided to reduce by 15%, as of June, 2010, the benefits granted to people having in care pensioners with first-degree disability, and also discarded the financial aid granted to teachers for the purchase of books.

Romanians Fraudulently Receiving Invalidity Pensions Could Face Prison

18:28, 31 Mai 2010
Romanians who were fraudulently declared disabled in order to receive invalidity pensions and the doctors who carried out the respective medical examinations and issued unjustified invalidity certificates will be deemed offenders and might face imprisonment.

Romanian Care Workers’ Layoffs Increased Child Slave Traffic Into UK – Paper

14:38, 30 Mai 2010
Romanian child-slaves are trafficked into the United Kingdom because almost 1,500 social care workers with traffic prevention training have been replaced with untrained amateurs in Romanian crisis centers, says the online edition of the Sunday Express.

Romania Ranks Third In 2010 Eurovision Song Contest, Germany Wins Trophy

14:35, 30 Mai 2010
Romanian duo Paula Seling and Ovi won third place in the finals of the 2010 Eurovision Song Contest Saturday in Oslo with the song “Playing With Fire”, while German singer Lena won the contest with the song "Satellite".

About 85% Of Bucharest’s Public Transport Vehicles To Function On Strike Day, June 1

16:11, 28 Mai 2010
Bucharest public transport unionists said Friday, after talks with mayor Sorin Oprescu, that 85% of the capital city’s public transport vehicles will function on June 1, when subway and public transport unionists decided to go on solidarity strike to protest planned wage cuts.

Romania’s Paula Seling, Ovi Qualify For 2010 Eurovision Song Contest Final

09:44, 28 Mai 2010
Romania’s contending duo for the 2010 Eurovision Song Contest Paula Seling and Ovi qualified for the competition final, set to take place Saturday, after the first semi-final held Thursday night at the Telenor Arena in Oslo, Norway.

Romania To Limit 2011 Budget Expenses To Level Resulted After 2010 Spending Cuts

13:56, 27 Mai 2010
Romania will apply salary and pension cut measures until the and on the year and starting January 1, 2011 the Government will implement social and staff policies meant to keep budget expenses within the limits resulted after applying this year’s cost-cutting measures.

Romanian Ctrl Bk, Securities Commission, Pension Regulator Employees Also Affected By Wage Cut Plan

12:47, 27 Mai 2010
The 25% salary slash included in the Romanian Government's spending cut plan will also affect the employees of the country’s central bank, the National Securities Commission, private pension fund regulator CSSPP and insurance regulator CSA.

Over 350,000 Romanian Children Have Parents Working Abroad – Italian NGO

18:37, 26 Mai 2010
According to an Italian organization citing UNICEF data, over 350,000 Romanian children are being brought up without one or both of their parents, as the latter work abroad, says the website of news agency APcom.

Over 400,000 Education, Public Administration Employees Go On Strike Indefinitely On Monday

16:30, 26 Mai 2010
Over 400,000 Romanian employees in the education and the public administration sectors will go on full-blown strike indefinitely starting Monday over the Government’s austerity plan, and several other public sector unions announced they will join protests.

Austerity Measures To Be Applied Until Yearend – Romanian PM

15:50, 26 Mai 2010
Romania’s draft law regulating cost cuts in the public sector, for which the Government will seek a confidence vote in Parliament, will specify that austerity measures will be applied until December 31, 2010.

Romania’s Govt Reduces Child-Rearing Benefits By 15%

15:06, 26 Mai 2010
Romania’s Government coalition leaders decided to reduce child-rearing benefits by 15% and the measure will be applied temporarily, until the country resumes economic growth, National Union for the Progress of Romania (UNPR) leader Marian Sarbu said Wednesday.

Romanian Penitentiary Unionists To Strike Over Austerity Measures Starting May 31

11:53, 26 Mai 2010
The Romanian National Penitentiary Workers’ Union (SNLP) and the National Penitentiary Administration Union Federation (FSANP) announced Wednesday that employees in the sector will go on strike starting May 31 to protest wage, pension and social benefit cuts.

Over 3,200 Romanian Children Went Missing In The Past Year

15:02, 25 Mai 2010
Over 3,200 Romanian children disappeared in the past year, ten times more compared to the 2003 and 2004 interval when 300 children were reported missing, Adrian Dumitrescu, chief of the Romanian police investigation department, said Tuesday.

IMF Says Other Measures To Trim Romania Deficit Backed As Well

12:42, 25 Mai 2010
The International Monetary Fund would have supported other options of cutting the budget deficit, if the Romanian authorities had chosen another one, but the Government had the final say, according to Jeffrey Franks, the head of the IMF mission in Romania.

Sol Melia Hotel Group Eyes Romanian Coast, Bucharest Market

17:49, 23 Mai 2010
Spanish group Sol Melia, Europe’s third largest hotel chain, has plans to enter the Romanian market in the near future by opening four- and five-star hotels on the Black Sea coast and in Bucharest, its general manager for Bulgaria, Jose Manuel Navarro, said Saturday.

Romanian PM Meets Employers Friday For Talks On IMF Letter Of Intent

11:08, 21 Mai 2010
Romanian Prime Minister Emil Boc meets Friday with employers’ representatives for talks on Romania's letter of intent with the International Monetary Fund, people close to the matter told MEDIAFAX.

Romanian Liberals Set To Uphold Any Upcoming No-Confidence Motions

17:39, 20 Mai 2010
Romania’s opposition Liberal Party PNL will vote in favor of the social democrats’ planned no-confidence motion, regardless of whether or not it will take part in drafting the motion, and it will also uphold any upcoming motions, liberal Ludovic Orban said Thursday.

Romanian Parents To Picket Government HQ Wednesday, Parliament HQ on June 1

17:26, 20 Mai 2010
Romanian parents will picket the Government headquarters on May 26 and will stage protests in Iasi and Brasov displeased with the Executive’s plan to cut child-rearing and other social benefits granted to children, protesters’ representatives said in a press release Thursday.

Number Of Foreign Visitors To Romania To Rise 18%, To 9.6M By 2014 – Study

15:35, 20 Mai 2010
The number of foreign tourists coming to Romania will rise 18% by 2014, to 9.6 million visitors, according to the estimates of market study firm Euromonitor International.

Romania’s Govt Wants To Adopt IMF Letter Of Intent Next Week

21:15, 19 Mai 2010
Romania’s Government wants to adopt in its next week’s meeting the letter of intent to the loan agreement with the International Monetary Fund after negotiations with unions and employers, people close to the matter told MEDIAFAX Wednesday.

Romania To Limit Quantity Of Tobacco Products, Alcohol Sold In Duty-Free Shops

20:26, 19 Mai 2010
Romania’s Government will limit the quantity of tobacco products and alcohol that can be sold to individuals in duty-free shops in order to reduce tax evasion and increase budget revenues.

Romania Mulls Reintroducing Excises On Luxury Products, Risks EC Sanctions

18:37, 19 Mai 2010
Romania’s Government plans to reintroduce excises on yachts, perfumes, hunting weapons, jewelry and other luxury products starting 2010, and the country risks to be sanctioned by the European Commission, as it breaches certain European norms.

Romanian State Secretaries, State Representatives In Cos Compelled To Donate Benefits

16:53, 19 Mai 2010
Romanian Prime Minister Emil Boc called on secretaries of state and state representatives in companies where the state is minority shareholder to donate all their benefits for a period of six months to a national solidarity fund.

Romania Adopts Lustration Law

14:18, 19 Mai 2010
Romania’s Chamber of Deputies Wednesday adopted with 203 to 40 votes and 12 abstentions the country’s lustration law.

No-Confidence Motion Obligatory If Govt OKs Cost Cutting Plan – Romanian Senate Chairman

12:21, 17 Mai 2010
Romanian Senate Chairman Mircea Geoana said Monday opposition parties must submit a no-confidence motion against the Government if the Executive gives a confidence vote to the cut spending program to reduce salaries and pensions.

Romanian Car Market Climbs 5 Spots In EU By New Car Registrations In April

11:36, 17 Mai 2010
The Romanian car market climbed five positions by number of new car registrations and is ranked 18th in the European Union in April.

American Actress Says Faced Death After Medical Mishap In Romania

13:38, 15 Mai 2010
American actress Jana Kramer had to halt her shoot for "Return of the Living Dead: Necropolis" in Romania in 2005, after she was misdiagnosed by Romanian doctors who removed her appendix when she actually needed her gallbladder removed, she told Maxim magazine in an interview.

EBRD Lowers Romania’s 2010 Econ Growth Forecast To Zero From Previous 1.3%

13:16, 15 Mai 2010
The European Bank for Reconstruction and Development (EBRD) has lowered its forecast on Romania’s 2010 economic growth to zero from a previous forecast of 1.3%, citing limited internal demand expected after the country’s austere budget gap tightening measures.

Romania’s Govt To Eliminate Financial Aid For Childbirth, First Marriage

13:55, 14 Mai 2010
Romania’s Government will eliminate the 230 lei (EUR1=RON4.1814) financial aid granted to mothers at childbirth, as well as the EUR200 aid for newlyweds at their first marriage, according to a draft ordinance decree to cut social spending.

Romanian Fin Min To Unblock 2009 Overdue Subsidies For Farmers By Friday

12:13, 13 Mai 2010
Romania’s Finance Ministry will unblock all 2009 overdue subsidies to farmers by Friday, Finance Minister Sebastian Vladescu said Thursday after a meeting with agriculture sector unionists and Agriculture Minister Mihai Dumitru.

Romania’s Govt Estimates To Collect Extra RON421M In Meal Vouchers, Copyright Income Tax Revenues

11:02, 13 Mai 2010
Romania’s Government estimates it will collect extra 345 million lei (EUR1=RON4.1751) in the second half of the year by applying a 16% tax on meal vouchers, and extra RON76 million by deducting social security contributions from copyright income and reducing deductible quotas to 25%, from 40%.

EU: Romania Not Yet Ready For Euro Adoption

18:08, 12 Mai 2010
The European Commission on Wednesday concluded Romania is not yet prepared to join the euro area, citing a series of legal incompatibilities along the mandatory criteria for adopting the European common currency.

Romania Signs Tri-Nation Deal To Create Gas Transport Co

17:27, 12 Mai 2010
Romania, Azerbaidjan and Georgia have signed an agreement Wednesday in Tbilisi to create a mixed company that will transport Azeri gas to Europe, through Georgia, the Romanian Economy Ministry said.

Romania Might Raise Health Insurance Contributions To 14%, From 10.7%

15:11, 12 Mai 2010
Romania’s Health Ministry and the National Health Insurance House (CNAS) are working on a draft act to raise health insurance contributions from 10.7% to 14%, which would increase the value of the health insurance fund by 20%, CNAS manager Adina Geana said Wednesday.

Romania’s Govt Adopts Decision To Implement Digital Television

15:08, 12 Mai 2010
Romania’s Government adopted a decision to implement digital television, which will enable telecoms regulator ANCOM to start procedures to award the first two licenses in the sector, Communications Minister Gabriel Sandu told MEDIAFAX Wednesday.

România a înregistrat în primul trimestru a patra scădere economică din UE

13:22, 12 Mai 2010
România a înregistrat în primul trimestru a patra scădere economică din Uniunea Europeană (UE), de 0,3%, comparativ cu ultimele trei luni ale anului trecut, la nivelul blocului comunitar Produsul Intern Brut crescând cu 0,2%.

Romanian Disabled People, War Veterans Affected By Cost Cutting Program

11:15, 12 Mai 2010
Romania will slash social benefits by 15% starting June 1 and the measure will also be applied for people with disabilities, war veterans and widows, ex-political prisoners and deportees, as well as for pensioners whose spouses died, according to a draft emergency decree to cut social spending.