English

Romania To Borrow EUR370M From EIB For Subway Line

11:12, 29 Oct. 2009
Romania's Government on Wednesday authorized the Finance Ministry to contract a EUR370 million loan from the European Investment Bank for the construction of Drumul Taberei-Universitate subway line in capital Bucharest, acting Prime Minister Emil Boc said late Wednesday.

Orange Romania 9-Mo Revenues Down 18.1% YY, To EUR800M

11:11, 29 Oct. 2009
Mobile telephony operator Orange Romania saw a 18.1% decrease in revenues, to EUR800 million, in the first nine months of 2009,compared with EUR977 million in the same period in 2008, on the backdrop of harsh economic conditions and fierce competition, Orange Group said in a press release Thursday.

Romanian Govt’s Budget Reserve Fund For 2009 Has Only RON7M Left – PM

10:31, 29 Oct. 2009
The Romanian government’s budget reserve fund for 2009 currently has only 7 million lei (EUR1=RON4.2995) left but can be refilled by the end of the year with money left unspent by ministries, caretaker Prime Minister Emil Boc said late Wednesday.

Cancelling Public Sector Employees’ Unpaid Leave Entails Additional Expenses – Romanian Fin Min

22:07, 28 Oct. 2009
The postponement of the decision regarding the unpaid leave for employees in the public sector will require additional measures so that the budget deficit be no higher than 7.3% of the GDP, as negotiated with the International Monetary Fund, Romanian Finance Minister Gheorghe Pogea said Wednesday.

IMF Mission Meets Romanian Ctrl Bk Governor, Finance Minister

21:19, 28 Oct. 2009
A mission of the International Monetary Fund met Wednesday with central bank Governor Mugur Isarescu and held talks with the representatives of the Finance Ministry.

Romanian Parliament Committees Opposed Proposed Agriculture Minister

20:16, 28 Oct. 2009
Romania’s Parliament committees for agriculture and public administration opposed proposed Agriculture Minister Adrian Radulescu with 26 to 43 votes.

Romanian Parliament Committees Oppose Proposed Justice Minister

19:28, 28 Oct. 2009
Romania’s Parliament committees for justice and human rights opposed proposed Justice Minister Catalin Predoiu with 26 to 36 votes.

Romanian Govt Allots RON15 Installment Of Subsidy For Sheep Farmers

19:24, 28 Oct. 2009
Romania's Government decided Wednesday to allot a 15 lei per head (EUR1=RON4.2995) installment of the subsidy granted to sheep farmers, official sources told MEDIAFAX.

Romanian Parliament Committees Endorse Proposed Foreign Affairs Minister

19:12, 28 Oct. 2009
Romania’s Parliament committees for foreign policy and European affairs endorsed proposed Foreign Affairs Minister Bogdan Aurescu with 32 to 10 votes.

Romanian Parliament Committees Oppose Proposed Labor, Finance Ministers

18:55, 28 Oct. 2009
Romania’s Parliament committees for labor and equality of chances opposed proposed Labor Minister Mihai Seitan with 18 to 28 votes, and the committees for budget and finances opposed proposed Finance Minister Gheorghe Pogea with 15 to 23 votes.

Romanian Parliament Committees Endorse Proposed Development Minister

17:10, 28 Oct. 2009
Romania’s Parliament committees for public administration, economy and industry endorsed proposed Regional Development and Tourism Minister Vasile Blaga with 34 to 28 votes.

Romanian Employers Say Minimum Wage At RON705 Would Entail Massive Job Cuts

17:01, 28 Oct. 2009
Romanian employers said Wednesday that increasing the minimum wage to 705 lei (EUR1=RON4.2995) without amending the Collective Labor Contract would be “irresponsible” and would lead to massive layoffs.

Half Of Romanian Pharmacies Can’t Pay Debts To Medicine Suppliers, Budget

16:59, 28 Oct. 2009
About half of Romanian pharmacies risk not being able to pay their debts to medicine suppliers and the state budget by the end of the year, after the government gave health insurance houses six months to pay their bills instead of three, the Romanian Pharmacists’ College said Wednesday.

Romania’s Constitutional Court Postpones Rulings On Controversial Laws Until After Elections

16:29, 28 Oct. 2009
Romanian Constitutional Court postponed Wednesday until after presidential elections rulings on the legitimacy of three laws the government enacted after gaining a confidence vote in Parliament mid-September.

PepsiAmericas Says 3Q Results Hurt By Falling Sales In Romania

16:25, 28 Oct. 2009
PepsiAmericas Inc., the world’s second-largest Pepsi bottler, Wednesday said its third-quarter revenue on the European markets was negatively affected by the economic downturn in Romania.

Romanian President Calls For Yes Vote In Referendum To Downsize Parliament

15:52, 28 Oct. 2009
Romanian Present Traian Basescu Wednesday called on Romanians to vote yes at the referendum to downsize the Parliament, held along with presidential elections on November 22, saying the political class refuses to reform itself.

Romanian President Opposes Tax Hikes, Including VAT

15:42, 28 Oct. 2009
Romanian President Traian Basescu on Wednesday said he opposes any tax hikes in times of crisis, as the measure would only increase tax evasion, dismissing recent media reports about him favoring a higher level of the value added tax to boost revenues to the state budget.

Romanian Govt Can Pay Livestock Farming Subsidies In 2010 – Interim Agric Min

15:42, 28 Oct. 2009
Romanian interim Agriculture Minister Radu Berceanu asked livestock farmers to consent to receiving part of the subsidy for cattle and sheep in 2009 and the rest in the first two months of 2010, as the budget does not allow for the allocation of the entire amount at the moment.

Romania Will Be Normal When An Ethnic Hungarian Has Equal Chance To Be President

15:41, 28 Oct. 2009
Kelemen Hunor, running for president of Romania in the November 22 election, said Wednesday Romania will be a normal country when people no longer consider an ethnic Hungarian has a slimmer chance of becoming president than a Romanian.

Heavy Fog Delayed 21 Carpatair Flights On W Romanian Timisoara Airport

15:14, 28 Oct. 2009
Twenty-one flights operated by Romanian airliner Carpatair, due to land on Timisoara international airport, western Romania, registered delays of three to four hours on Wednesday due to heavy fog, airport spokesperson Roxana Manasia said Wednesday.

Romanian School Teacher Catches Severe AH1N1 Flu

14:36, 28 Oct. 2009
A school teacher in Bucharest developed a severe infection with the AH1N1 virus and children in her class were sent home for a week and will be monitored by their family physicians.

Airliners To Pay Higher Taxes On Bucharest’s Baneasa Airport

14:16, 28 Oct. 2009
Airliners operating on the Bucharest's Baneasa Airport will pay higher taxes and might relocate their activity to Otopeni Airport, just outside Bucharest, starting 2012, general manager of Baneasa airport George Mihalcea said Wednesday.

Romania’s Tarom Launched New Flights From Bucharest To Budapest, Bari

14:15, 28 Oct. 2009
Romania’s state-run airliner Tarom started to operate new flights from capital city Bucharest to Budapest in Hungary, on October 25, and it will also launch new flights from Bucharest to Bari in Italy, on December 11, the company said Wednesday.

French Group Alcatel-Lucent To Transfer Romanian Employees To Partner Firms

14:03, 28 Oct. 2009
French telecommunications equipment giant Alcatel-Lucent will transfer some of the staff of its Romanian division to firms set up in partnership with other companies and there will be no layoffs, as part of a program to streamline its operations, according to local branch officials.

Russia’s Future Logistical Center In Serbia Might Pose Problems For Romania – U.S. Think Tank

11:32, 28 Oct. 2009
Russia will set up a “humanitarian” logistical center in Serbia to prevent natural disasters and technological catastrophes, but the center might pose problems for Romania or Bulgaria by requesting over flight permission to resupply the center, U.S. Jamestown Foundation reported on its website.

Romanian Farmers Clash With Security Forces During Protest In Bucharest

11:10, 28 Oct. 2009
Romanian farmers protesting outside the Finance Ministry in Bucharest clashed with gendarmes Wednesday morning when they tried to break through security lines.

Romanian Parliament Legal Committee To Hear Two High Officials In Connection With Controversial Cases

09:27, 28 Oct. 2009
The defense committee of the Romanian Chamber of Deputies will hear Wednesday democrat liberal interim Interior Minister Vasile Blaga and presidential adviser Constantin Degeratu on the indictment of four intelligence officers and the Omar Hayssam case, respectively.

Romanian President Pledges New Govt Before Presidential Polls If Croitoru’ Cabinet Falls

20:58, 27 Oct. 2009
Romania’s acting President Traian Basescu on Tuesday said that, if the new Cabinet formed by designated Prime Minister Lucian Croitoru does not get the Parliament’s confidence vote, he will see that a new Cabinet is formed before the presidential elections due on November 22.

Romania’s New President Will Secure Majority In Parliament – President Basescu

19:35, 27 Oct. 2009
Romania's acting President Traian Basescu said Tuesday that, after the presidential elections in November, the country's new president will succeed in putting together a Parliament majority to further form a new government.

Romania Constitutional Court Overrules Contestations Against Five Presidential Candidacies

17:59, 27 Oct. 2009
Romania’s Constitutional Court on Tuesday overruled the contestations against the candidacies in the presidential elections submitted by Remus Florinel Cernea, acting President Traian Basescu, Mircea Geoana, Sorin Oprescu and Kelemen Hunor.

Romania Caretaker PM Changes Tune, Says IMF Deal May Need Renegotiating

16:30, 27 Oct. 2009
Romanian caretaker premier Emil Boc on Tuesday said Romania might have to renegotiate its EUR13 billion deal with the International Monetary Fund, relenting earlier statements on the deal being rock solid.

Cosmote Romania Cleared To Taker Over Telemobil – Competition Watchdog

16:29, 27 Oct. 2009
Romania’s competition watchdog on Tuesday cleared Cosmote Mobile Telecommunications to take over mobile telephony operator Telemobil, the regulator said in a press release Tuesday.

Romanian Govt Keeps RON1,000 Cap On Tax-Exempted Pensions Citing Budget Restraints

15:42, 27 Oct. 2009
Romania’s government won’t raise the ceiling for pensions exempt from income tax to 1,500 lei (EUR1=RON4.2897), as the Labor Ministry had proposed, and will keep it at RON1,000, citing budget restraints.

Romanian-Bulgarian Bridge Over Danube To Be Upgraded – Public Road Auth

15:31, 27 Oct. 2009
Romania’s public roads authority CNADNR plans to upgrade the bridge over the Danube, linking Giurgiu in Romania to Ruse in Bulgaria, and it will set up an auction in November to select the company that will upgrade the bridge.

Romanian Senate Votes To Link Child State Allowance To Parents’ Income

14:57, 27 Oct. 2009
Romanian senators adopted Tuesday a legislative initiative setting that state allowances for children would be of 5% to 25% of the minimum wage depending on their parents’ wages.

Romanian Politician Nati Meir Remains In Custody – Court Of Appeals

14:55, 27 Oct. 2009
The Bucharest Court of Appeals ruled Tuesday that Romanian politician Nati Meir is to remain in custody for 29 days under charges of forgery, possession and circulation of forged currency, upholding the previous ruling of the Bucharest Court.

Romania Needs No Renegotiation Of IMF Deal – Caretaker PM

14:51, 27 Oct. 2009
Romania does not need to renegotiate its deal with the International Monetary Fund, because it has not missed any of the loan terms by October 1, caretaker Prime Minister Emil Boc said Tuesday.

Romanian Team Ranked First In Europe At International Astrophysics Olympiad

14:49, 27 Oct. 2009
The Romanian team won first place among European countries in the third edition of the International Astronomy and Astrophysics Olympiad, which took place between October 19 and 26 in Iran.

Romanian Senate Votes To Exempt People With Accentuated Or Severe Disability From Pension Tax

14:39, 27 Oct. 2009
Romanian senators adopted Tuesday a legislative proposition stipulating that people with accentuated or severe disability should be exempt from paying income taxes on their pensions.

Romanian BRD Sees SMEs As Riskiest Debtors

14:34, 27 Oct. 2009
Small- and medium-sized enterprises (SMEs) represent the riskiest category of debtors in Romania, due to their weak financial structure, limited financing possibilities and their high level of indebtedness, an official of Romanian lender BRD Societe Generale (BRD.RO) said Tuesday.