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WB Raises Romania 2011 Growth Outlook To 4.2% Vs 2.5%

10:02, 21 Ian. 2010
The World Bank raised its forecast on Romanian economic growth to 4.2% in 2011 from a previous 2.5%, leaving this year’s predictions unchanged at 0.5%, according to a report on global economic prospects released Thursday.

Romanian Education Unionists Threaten To Resume Protests

18:11, 20 Ian. 2010
Romanian education federations have started considering the initiation of protests, displeased with the measures considered by the Ministry of Education, namely teacher layoffs and lack of payment for exams, said Wednesday "Spiru Haret" Federation leader Gheorghe Isvoranu.

Romanian Liberals To Push Draft Law On Postal Voting

16:45, 20 Ian. 2010
The Romanian liberals, in opposition, will propose a draft law on the introduction of postal voting for Romanians abroad, and the creation of a committee for the improvement of election legislation, liberal vice-president Ludovic Orban told MEDIAFAX.

Romanian Unions, Employers Call On Govt To Allow Extended Furlough

16:04, 20 Ian. 2010
Romania’s union confederation Cartel Alfa and employers’ association UGIR-1903 will send a letter to Prime Minister Emil Boc Thursday calling for a government emergency decree extending the allowed period for furlough from the current three months.

IMF Plans Ambitious Reforms In Romania In ’10 – Official

15:46, 20 Ian. 2010
The International Monetary Fund has an ambitious agenda of reforms and programs in Romania in 2010, whose implementation will prepare the relaunch of the country's economy at the end of financial crisis, the head of IMF mission to Romania Jeffrey Franks said Wednesday in Vienna.

Romania’s Budget Has No Funds For Nuclearelectrica Projs – Fin Min

15:07, 20 Ian. 2010
Romania’s 2010 budget does not include funds for projects of state-run nuclear energy producer Nuclearelectrica, and a solution for the future two reactors at Cernavoda power plant is the public-private partnership, Finance Minister Sebastian Vladescu said Wednesday.

Romanian Ctrl Bker: Fiscal Consolidation Needed To Resume Lending

14:56, 20 Ian. 2010
Fiscal consolidation is important to allow a restart of the lending activity this year, once financing demand starts to pickup, especially from the corporate sector, Romania's central bank deputy governor Cristian Popa said Wednesday.

Romanian Travel Agencies Tour Operators Won’t Be Levied Lump Sum Tax

14:54, 20 Ian. 2010
Romania’s Finance Ministry has told the National Association of Tour Operators (ANAT) travel agencies and tour operators will not be levied a lump sum tax, ANAT head Corina Martin told MEDIAFAX Wednesday.

Coface Sees No Of Bankruptcies In Romania Up 20% YY In 2010

14:52, 20 Ian. 2010
The number of Romanian bankruptcies might increase by 15%-20% in 2010, from 19,000-19,500 cases last year, with a sharper growth in the first half, risk management company Coface officials said Wednesday.

CME Buys Czech Unit Of Mediafax News Agency

14:47, 20 Ian. 2010
Central European Media Enterprises-owned CET 21 will buy news agency Mediafax Czech Republic to enhance news coverage by CME’s TV Nova channel in the Czech Republic.

Romanian President Basescu Calls On Russia To Respect Romanian Interests

14:22, 20 Ian. 2010
Romanian President Traian Basescu said Wednesday during a meeting with ambassadors that the Russian Federation can find a partner in Romania, as long as Romania’s interests are respected.

Romanian President Pledges Strong Support For Moldova To Come Closer To EU

13:41, 20 Ian. 2010
Romanian President Traian Basescu said Wednesday, at a meeting with ambassadors accredited to Bucharest, that endorsing the efforts of the Republic of Moldova to come closer to the European Union is a “valuable project” for Romania.

Romanian President Basescu Wants To Implement Postal Voting During Second Term

13:41, 20 Ian. 2010
Romanian President Traian Basescu said Wednesday that one of the greatest successes of his previous term was fulfilling his promises to Romanians abroad, adding that he will push towards implementing postal voting and setting up a call center for the diaspora.

Romania’s President Wants To Enhance Partnership With U.S. Based On Unfailing Friendship

13:32, 20 Ian. 2010
Romania’s President Traian Basescu said Wednesday, the country’s partnership with the U.S.A will be characterized by “continuity”, adding “a worthy friendship is when partners know how to share” and Romania proved it is “a reliable friend”.

Coface Sees Romania’s 2010 GDP Growth Above 0.5%

12:17, 20 Ian. 2010
Risk management company Coface estimates Romania's economy will grow by more than 0.5% in 2010, fueled by the economic recovery in the European Union and the United States.

Romania Wants To Speed Up Deal For White Stream 2

17:42, 19 Ian. 2010
Romania plans to speed up the signing of a trilateral agreement with Azerbaijan and Georgia for the participation in White Stream 2 pipeline project, targeting the transport of liquefied gas from Georgia to Europe via Constanta harbor, Economy Minister Adriean Videanu said Tuesday.

FOCUS: One Third Of 6,000 Bucharest Apartments Finished In ‘09 Still For Sale

16:49, 19 Ian. 2010
Real estate developers still have almost 2,000 apartments left of the 6,000 completed in 2009 in 14 residential compounds in Bucharest and Ilfov county, according to data centralized by MEDIAFAX.

Nuclearelectrica, GE Ink Maintenance Deal Worth Up To $146M

15:04, 19 Ian. 2010
Romanian state-run energy company Nuclearelectrica and General Electric Co. (GE) on Tuesday sealed a deal estimated at up to $146 million under which the US company will provide maintenance services for the power plant’s active nuclear reactors over the next eight years.

IMF Deal Could End Early If Romania Secures Enough Financing – Moody’s

14:50, 19 Ian. 2010
Romania’s EUR20 billion loan agreement with the International Monetary Fund and the European Union could end earlier than scheduled, provided the authorities in Bucharest are able to secure sufficient market financing, Moody’s Investors Service said in an analysis Tuesday.

Moody’s Ups Romania 2010 GDP Forecast To 2.3% Vs 1.2%

14:48, 19 Ian. 2010
Moody’s Investors Service revised upward its forecast on Romania's economic growth to 2.3% in 2010 from 1.2% previously, anticipating the economy will see a positive evolution starting with the second quarter.

Romanian Construction Workers Number Seen Further Dn In ’10

14:24, 19 Ian. 2010
The number of employees in the constructions sector fell by 70,000 last year, at 350,000 employees, and is further seen decreasing in 2010, according to the Romanian Constructions Entrepreneurs Association ARACO.

Romania Lays Off Employees, Keeps Budgeted Vacant Positions – Union Leader

14:18, 19 Ian. 2010
Cartel Alfa union leader Bogdan Hossu said Tuesday, after talks held at the Romanian Labor Ministry, that, although in 2009 there were over 100,000 vacant positions budgeted, layoffs in 2010 will also touch occupied positions.

Romania Registers 108 Deaths, 6,733 AH1N1 Infections

13:51, 19 Ian. 2010
Romania registers 108 fatalities and 6,733 infections with the AH1N1 flu virus the AH1N1 flu virus, as one more death and 123 new infections have been reported over the past 24 hours, Romania’s Health Ministry said Tuesday.

Romania Nov Constr Output Sees 3rd Biggest Monthly Rise In EU

12:52, 19 Ian. 2010
Romanian construction output rose 2.9% on the month in November last year, the third-highest increase in the European Union, official data showed Tuesday.

EU Study Finds 76% Of Romanians Could Not Afford Holiday Away From Home In 2008

20:18, 18 Ian. 2010
A European Union study on living conditions in the year 2008 shows that 76% of Romanians could not afford a week’s vacation away from home, 49% could not afford a personal car, and 19% could not afford a meal with meat, chicken or fish every other day.

Romanian Tourism Min Rejects Lump Sum Tax For Tourism Agencies

19:52, 18 Ian. 2010
Romanian Regional Development and Tourism Minister Elena Udrea told MEDIAFAX Monday she does not agree with applying the lump sum tax to tourism agencies, as their activity is not characterized by wide instances of tax evasion.

Romanian Transport Min Signs Concession Contract To Build Comarnic-Brasov Highway

19:04, 18 Ian. 2010
Romanian Transport Minister Radu Berceanu, French construction group Vinci and Greek construction company Aktor signed Monday a 30-year concession contract to build the Comarnic-Brasov highway.

Romanian Romgaz To Resume Talks On Gas Cooperation With Gazprom

16:47, 18 Ian. 2010
Romania’s largest gas producer Romgaz Medias and Russia’s Gazprom will resume last year’s talks on the cooperation within natural gas storage in Romania, Romgaz’s deputy general manager Lucian Stancu told MEDIAFAX Monday.

Romanian Unionists Threaten Protests Over Planned Layoffs

16:27, 18 Ian. 2010
Cartel Alfa union leader Bogdan Hossu said Monday that unionists will begin protests next week and will urge the Government to extend the period of technical unemployment, as 200,000 employees are to be laid off starting February 1.

Romanian Public Sector Wages To Only Be Set Through Laws, Govt Decisions – Draft

15:37, 18 Ian. 2010
The salaries of Romanian public sector personnel may only be set through laws or government decisions, and wage rights set through collective/individual labor contracts or other acts will not be considered, according to the draft decision on the application of the unitary wage law.

UK Embassy To Bucharest Announces New Visa Procedures For Foreigners In Romania, Bulgaria

15:36, 18 Ian. 2010
The UK Embassy to Bucharest said Monday new visa procedures for citizens who want to travel to the United Kingdom will be enforced starting February 15, so that visa applications submitted by non-EU citizens present in Romania and Bulgaria will be processed in Warsaw.

Romania’s Electricity Consumption Seen Up 1% In 2010 – Transelectrica

14:22, 18 Ian. 2010
Romania's electric power consumption might increase by 1% in 2010, after an 8.3% fall last year, according to Octavian Lohan, deputy general manager of state-owned power grid operator Transelectrica (TEL.RO).

Romanian Leu Up Vs Euro, Exch Rate Moves To New 12-Mo Peak At 4.1008

13:53, 18 Ian. 2010
The Romanian leu edged higher against the euro in mid trade Monday and the central bank’s reference gained nearly 0.4% on the day to see a fresh 12-month peak at RON4.1008 versus the European currency.

More Than 10,000 Education Employees To Be Sacked – Unions

13:52, 18 Ian. 2010
Romanian education union FSLI vice-president Simion Hancescu said Monday, following talks with the Labor Ministry, that more than 10,000 public education system employees would be laid off.

Somali Pirates Free Greek-Flagged Oil Tanker Crew, Including One Romanian

11:17, 18 Ian. 2010
Somali pirates have released Greek-flagged oil tanker VLCC Maran Centaurus and its crew, which also includes one Romanian, after they received millions of dollars in ransom, a Kenya-based maritime watchdog and pirate sources said Monday.

Romanian Available Lower Chamber Seat Won By Radu Stroe

10:11, 18 Ian. 2010
Liberal Radu Stroe obtained 70.17% of votes in the partial elections for one seat in the Romanian Lower Chamber, while democrat liberal opponent Honorius Prigoana received 29.83% of votes according to the final results presented Monday by the Electoral Office.

Romanian Health Ministry Mulls Job Cuts Among System Auxiliary Staff

15:13, 17 Ian. 2010
Romania’s Health Minister Cseke Attila told a news conference Sunday that while specialized medical staff in the healthcare system will not be laid off, the ministry is looking at potential job cuts among auxiliary staff in the system.

Romanian Authorities Spent Up To EUR10,000 On Cell Phones, Pens, Paper Clips Last Year

14:51, 17 Ian. 2010
Romanian public institutions and state-owned companies spent up to EUR10,000 last year on cell phones, pens and paper clips and bought cars, air conditioning, laptops and TV-sets for over EUR140 million, spending triple compared to 2007 but less than in 2008.

Romanian Tour Operators Association Objects Govt’s Lump Sum Tax Plans

14:50, 17 Ian. 2010
Romania’s National Association of Tour Operators (ANAT) said Sunday it is deeply offended by the government’s plans to impose a lump sum tax on tour operators and travel agencies on allegations the sector is prone to tax evasion.

WB Mission To Romania To Focus On Public Sector Reform

13:45, 17 Ian. 2010
A World Bank mission, which will be in Bucharest along similar missions from the EU and the IMF during February 20-27, will mainly target Romania’s reform of the public sector, social assistance, and the reforms in the financial sector.