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Romania Fin Min: Eurobond Issue Won’t Sidetrack 2010 Agenda

11:17, 13 Ian. 2010

Romania’s planned eurobond issue of EUR1 billion is not a deviation from the nation’s financing agenda for 2010 and its main purpose is to finance the budget gap and tap into additional markets, Finance Minister Sebastian Vladescu said Wednesday.

Romania’s Freight Rail Co CFR Marfa Axes Jobs, Freezes Wages, Sheds Bonuses To Cut Costs

10:41, 13 Ian. 2010

Romania’s state-owned freight railway company CFR Marfa will cut over 217 million lei (EUR1=RON4.1355) in costs this year by laying off staff, not granting any wage bonuses, freezing wages for remaining employees and not outsourcing rail repair works, according to the company’s restructuring plan.

Romanian Lawmakers Adopt Amendment Cutting Public Health Insurance Contribution to 5.5%

20:03, 12 Ian. 2010

Romanian lawmakers unanimously adopted the amendment approved by the commissions for budget and finance which cut the contribution to the public health insurance system to 5.5% from 6.5%.

Notary Fees For Bucharest Apartment Transactions Dn 30%-40% In 2010

17:50, 12 Ian. 2010

The notary fees for transactions with Bucharest apartment would decrease by 30%-40% this year, due to the downfall of the real estate market, according to the informative value guidebook of real estates for 2010.

Romanian Leu Ends 0.4% Weaker Vs Euro, Attuned To Region

17:47, 12 Ian. 2010

The Romanian leu lost wind against the euro in late trade Tuesday, in line with the currencies in the region, and ended nearly 0.4% weaker on the day at RON4.14/RON4.142 to the European currency.

Romania 90 Days Overdue Loan Payments Up 3% MM To RON2B In Nov

16:03, 12 Ian. 2010

Romanian payments overdue by more than 90 days for loans of at least 20,000 lei (EUR1=RON4.1355) rose 3.2% on the month in November to RON2.04 billion, central bank data showed Tuesday.

Romanian Retirees Threaten Radical Protests This Year If Pensions Frozen

15:33, 12 Ian. 2010

Romanian Pensioners’ Union Federation called on the Parliament and Government to observe Law 250/2007 setting the pension point at 45% of the average gross wage, threatening to resort to radical protests this year.

Bucharest City Hall To Subsidize Heating Costs Following Price Hike – Mayor

14:45, 12 Ian. 2010

Sorin Oprescu, mayor of Romanian capital Bucharest, said Tuesday that the City Hall would cover the 8.3% hike in heating costs, so the price would be unchanged for consumers.

Romanian Ex General Mihai Chitac To Discontinue Jail Term For Two Months On Medical Grounds

13:47, 12 Ian. 2010

The Romanian Military Court of Bucharest decided Tuesday to release former General Mihai Citac from prison for two months, starting February 15, when he is scheduled for surgery.

Romanian Leu Rises Vs Euro, Exch Rate Hits New High At 4.1355

13:29, 12 Ian. 2010

The Romanian leu advanced slightly versus the euro in mid trade Tuesday and the central bank’s reference gained 0.07% on the day at RON4.1355, a fresh eight-month high.

Romania Registers 92 Deaths, 6,218 AH1N1 Infections

13:21, 12 Ian. 2010

Romania registers 92 fatalities and 6,218 infections with the AH1N1 flu virus, as seven deaths and 41 new infections have been reported over the past 24 hours, Romania’s Health Ministry spokesperson Oana Grigore said Tuesday.

Over 133,000 Romanian Cos Suspended Operations In 2009

13:01, 12 Ian. 2010

Over 133,000 companies in Romania suspended business operations in 2009, 11-fold higher compared with a year before, according to the National Trade Registry Office, or ONRC.

Romania’s Bank Card Online Payments Up 75% In ’09, To EUR92.8M

12:55, 12 Ian. 2010

Romania’s bank card online payments increased by 75% in 2009 compared to 2008, to EUR92.8 million, according to data offered by electronic commerce and card processing center RomCard, cited by Gecad ePayment.

Faithless To Headline Romania’s 2010 Edition Of B’estfest Festival In July

12:27, 12 Ian. 2010

This year’s edition of Romania’s B'estfest music festival will take place on July 16, 17 and 18 in capital Bucharest and the first confirmed headliner is the British electronic band Faithless, organizers said Tuesday.

Romania To Have State Budget Adopted By Jan 15 – PM

11:52, 12 Ian. 2010

Romania’s Prime Minister Emil Boc said Tuesday morning the country will have its state budget adopted by January 15.

Romania Fails To Capitalize On A Flexible Exchange Rate – ING

11:02, 12 Ian. 2010

Romania has failed to “fully exploit” the advantages of a flexible exchange rate in 2009 and its economy declined more abruptly compared to the average registered in countries with a floating exchange rate, ING Bank said in a report Tuesday.

Romania’s Dec CPI + 0.32% On Mo, +4.74% On Yr

10:29, 12 Ian. 2010

Romania's consumer price index rose by 32 basis points on the month in December, driven mainly by higher food and tobacco prices, while the annual inflation widened to 4.74%, above the central bank’s target, the National Statistics Institute said Tuesday.

Romanian Lawmakers Allow Govt To Pass Decrees During Parliament Recess

09:40, 12 Ian. 2010

Romania’s Chamber of Deputies Monday adopted the draft law regulating the Government's ability to issue decrees during the Parliament’s recess.

Romania’s Chamber Of Deputies Ratifies Small-Scale Border Traffic Treaty With Moldova

09:37, 12 Ian. 2010

The Romanian Chamber of Deputies Monday adopted the law ratifying the Agreement on Small-Scale Border Traffic between Romania and the Republic of Moldova, which stipulates visa-free access for both countries' citizens.

Romanian Independent Lawmakers Group To Vote For Draft 2010 State Budget

20:30, 11 Ian. 2010

Romania’s Defense Minister Gabriel Oprea said Monday that the independent group of lawmakers in Parliament will vote for the draft budget for 2010.

Romanian National Minorities Parliament Group To Vote For 2010 State Budget

20:26, 11 Ian. 2010

The national minorities group in the Romanian Parliament will vote for the 2010 state budget and deputies representing minorities “will do everything in their power” to annul all the measures which led to economic depression, group leader Varujan Pambuccian said Monday.

Romanian Democrat Liberals To Vote For Draft 2010 State Budget

20:25, 11 Ian. 2010

The Romanian Democratic Liberal Party (PDL) parliamentary groups will vote for the 2010 state budget, PDL deputy Nicolae Bud said Monday, adding that the draft is not perfect, but is in accordance with the International Monetary Fund and European Commission loan agreement.

Chinese Chery Automobile’s Romanian Mkt Entry Postponed For Sept

19:58, 11 Ian. 2010

The Romanian market entry of Chinese carmaker Chery Automobile, planned for the beginning of this year, has been postponed for September pending its Euro 5 models and certification that the Chinese cars are compatible with European standards.

Romanian Healthcare Unionists Urge Health Min To Grant Overtime Pay To Doctors

19:07, 11 Ian. 2010

Romanian union confederation Cartel Alfa and the Romanian Doctors’ Federative Chamber urge the Health Ministry to grant overtime pay to doctors, threatening protests.

Romanians With Income Exclusively From Copyright To Pay Social Security Contributions – Labor Min

17:39, 11 Ian. 2010

Romanian Labor Minister Mihai Seitan said Monday that, under the draft pension law, people whose income comes exclusively from copyright would no longer be exempt from paying social security contributions, but that the measure would not apply to those who also have labor contracts.

Romania’s High Council Of Magistrates Elects New President

16:04, 11 Ian. 2010

Romanian judge Florica Bejinaru Monday was unanimously elected president of the High Council of Magistrates, defeating the two other contenders, namely judge Ana Labus and deputy general prosecutor Liviu Dascalescu.

Erste Sees Romanian Bourse Soaring In 2010 On Lower Risk Aversion

15:55, 11 Ian. 2010

Romania will lead the way for stock market growth among Central and Eastern European nations in 2010, on further reduction in risk aversion, according to a report from Erste Bank.

Romania 6-Mo Econ Outlook Brightens On Stronger Markets – Survey

14:51, 11 Ian. 2010

Romanian economic outlook for the next six months brightens up, with analysts expecting both financial and stock markets to improve in the first part of 2010, according to a survey of the ZEW German institute.

Romania’s Hungarian Minority Party Lawmakers To Vote For 2010 Budget – Party Leader

14:05, 11 Ian. 2010

The leader of the Democratic Union of Hungarians in Romania, Marko Bela, said Monday the party’s lawmakers will vote for the draft budget for 2010, despite it being austere.

Romanian Social Democrats To Vote Against Draft 2010 State Budget

14:02, 11 Ian. 2010

The National Standing Office of Romania’s Social Democratic Party on Monday decided that social democrat lawmakers will vote against the draft state budget and the draft social security budget for 2010.

Romanian Leu Up Vs Euro, Exch Rate Hits 8-Mo High At RON4.1383

13:24, 11 Ian. 2010

The Romanian leu extended early gains against the euro in mid trade Monday, amid a positive sentiment in the region, and the central bank’s reference rate advanced to RON4.1383 per euro, the strongest level in the past eight months.

Romanian Transporters Say Hungarian Road Control Bodies Fine Them Illegally

12:55, 11 Ian. 2010

Romania’s National Union of Road Transporters (UNTRR) said Romanian drivers are "discriminated against" in Hungary, which, the union says, "obtains funds by illegally fining Romanian transporters."

Romania’s Nov Avg Net Salary Dn 0.7% MM To RON1,366

10:44, 11 Ian. 2010

Romania’s net average salary was 1,366 lei (EUR1=RON4.2062) in November, down 0.7% from October, the National Institute for Statistics said Monday.

Romania Jan-Nov ’09 Trade Gap Narrows To EUR8.7B

10:01, 11 Ian. 2010

Romania’s trade deficit narrowed to EUR8.7 billion in January-November 2009, from EUR21.94 billion in the same period the year earlier, the National Statistics Institute said Monday.

Romanian Parl Commissions Vote To Eliminate Min Tax, Cut Building Construction VAT To 5%

15:20, 10 Ian. 2010

The Romanian Parliament commissions for budget and finance adopted Sunday morning a series of amendments to the draft state budget, including ones that eliminated the minimum tax, applied a lower VAT to building construction and a 3% tax on micro-enterprise revenue.

Romanian Lawmakers Adopt Draft 2010 State Budget With Amendments

14:55, 10 Ian. 2010

The Romanian Parliament commissions for budget and finance adopted Sunday morning the amended draft state budget for 2010, with 26 votes “for” and 15 votes “against”.

Romanian Unions, Govt To Discuss Plan To Collect Social Security Contributions From Journalists

17:15, 09 Ian. 2010

Romanian journalists union MediaSind and Press Employers’ Association ROMEDIA announced they would meet next week with the government in order to stop its plan to remove exemptions from the payment of social security contributions for income gained from copyright and royalties.

Romanian Health Ministry Orders Two Institutes To Join AH1N1 Vaccination Campaign, On High Demand

14:07, 09 Ian. 2010

The Romanian Health Ministry ordered the “Cantacuzino” Institute and Public Health Institute to join the “Matei Bals” Institute in the AH1N1 vaccination campaign, as demand for the vaccine in Bucharest has grown significantly over the past week.

Oil Slick Discovered On Romanian Section Of Danube Naturally Dispersed

13:40, 09 Ian. 2010

Officials of the Romanian Water Management System Mehedinti County and border police officers went on alert Saturday morning after an oil slick was discovered on the river Danube, near the port of Drobeta Turnu Severin, however it later dispersed naturally.

Romanian Mothers May Receive RON350 Stipend For Childbirth Instead Of Trousseau – Draft Ordinance

18:26, 08 Ian. 2010

Romanian mothers could receive a stipend in the amount of 350 lei (EUR1=RON4.1679) per birth, even if the child was stillborn or died after birth, according to a draft emergency ordinance posted Friday on the Labor Ministry’s site.