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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.

CME Romania 9 Mos Revenues Down To USD120.62M

14:10, 27 Oct. 2009
Net revenues of Central European Media Enterprises (CME) stood at $120.62 million in the first nine months of the year, down from $197.119 million in the same period last year, because of a shrinking advertising market.

Works On Targu Mures – Iasi Highway Might Start After 2012 – Transport Min

14:01, 27 Oct. 2009
The works on the highway that will link central Transylvania to eastern Moldavia might start after 2010 and other projects will unfold meanwhile, Romanian Transport Minister Radu Berceanu said Tuesday during a visit to Sibiu, central Romania.

Romanian Senate Raises Heating Aid Ceiling Back To RON615

14:00, 27 Oct. 2009
Romanian senators Tuesday decided unanimously to raise the ceiling for state subsidy for heating bills to an income of 615 lei (EUR=RON4.2897) per family member after the government had slashed it to RON425 and then pushed to raise it back.

Nokia’s Romanian Factory Certified Among World’s Leading Green Buildings

12:19, 27 Oct. 2009
The Romanian factory in Jucu, Cluj county, of Finnish mobile giant Nokia has been granted the "LEED Gold" certificate by the U.S. Green Building Council (USGBC) in Washington, and is the first building in Romania to be chosen as one of the world’s leading green buildings.

Romania Ctrl Bk Must Lower Reserve Requirements To Boost Loans In Lei

12:17, 27 Oct. 2009
Romania’s central bank should lower the required reserve ratios in Romanian lei to 2% from the current 15% levels to encourage the development of private lending in the national currency, bankers said Tuesday.

Romanian Jewelry Store Robbed By Two Ski Masked Men

11:43, 27 Oct. 2009
A jewelry store in Sebis, in the western Romanian county of Arad, was robbed Monday afternoon by two men wearing ski masks who beat the shop assistant and tied her to a pipe.

Loans In Romanian Lei Suffocated By High Margins – Ctrl Bker

11:15, 27 Oct. 2009
Romanian banks are smothering the development of loans in Romanian lei with the high margins they apply, which went up to 7.3 percentage points in August from 2.4 pps late last year, central bank’s chief economist Valentin Lazea said Tuesday.

Romanian Police Use Warning Shots To Catch Fuel Theft Suspects

11:02, 27 Oct. 2009
Romanian police in Constanta county, southeastern Romania, had to use their weapons Monday night to catch a young man caught stealing fuel from freight train wagons near a train station in the county.

Finnish Authorities Demolish Romanian Beggars’ Camps In Helsinki

10:53, 27 Oct. 2009
Local authorities in Finland’s capital Helsinki started demolishing illegal camps hosting Romanian beggars, Finnish national television YLE reported on its website Tuesday.

Romania’s Jan-Sept Budget Deficit At 5.1% Of GDP, Below IMF Cap

20:30, 26 Oct. 2009
Romania’s consolidated budget posted a 25.56 billion lei (EUR1=RON4.2877) deficit, or 5.1% of the gross domestic product, after the first nine months, according to Finance Ministry data.

Romanian Petrom To Hike Fuel Prices By RON0.6 Per Liter

19:45, 26 Oct. 2009
Romania’s largest oil company Petrom SA (SNP.RO) will increase Tuesday the gasoline and diesel oil prices by 0.6 lei (EUR1=RON4.2877) per liter, the company said.

Romanian Subway Unionists To Organize Protests On Thursday

18:22, 26 Oct. 2009
Romanian subway unionists will protest Thursday in front of the Transport Ministry and the Finance Ministry, displeased with the talks held Monday with the management of subway company Metrorex.

Developers Delivered Only 37% Of Housing Projs Started In ’06-’08 In Bucharest

16:06, 26 Oct. 2009
Real estate developers completed by July the construction of just 37% of the housing projects started in Romania’s capital city Bucharest between 2006 and 2008, while half of the units built in the past four years are still available for sale, according to real estate consultancy firm Regatta.

Romanian Parliament To Vote On New Govt Next Wednesday

16:02, 26 Oct. 2009
The standing offices of Romania’s Parliament decided Monday to hold the confidence vote for the country’s proposed new government next Wednesday and proposed ministers will be heard by parliament commissions this week.

ESF Project Submission Deadline Extended In Romania Until Mar 31, 2010

15:57, 26 Oct. 2009
The deadline by which Romanian companies can submit projects to draw non-reimbursable funds made available through the European Social Fund (ESF) was pushed back to March 31, 2010, and applications worth a total EUR22.61 million have been selected so far, from the EUR142.4 million allotted.

Bucharest Public Transport Authority To Buy 150 Trolleybuses For EUR60M

15:47, 26 Oct. 2009
RATB, the public transport authority in Romania’s capital Bucharest, will begin on January 11, 2010 the process to purchase 150 trolleybuses, in a contract worth an estimated EUR60 million, net of VAT.

First IMAX Screen In Romania Set Up In Bucharest, Launched On Nov 20

15:16, 26 Oct. 2009
The first IMAX screen in Romania was set up Monday in Bucharest, following an investment of over EUR10 million, within the 21-movie theater complex operated by Cinema City International set for launch on November 20, at the AFI Palace Cotroceni mall.

Romanian Subway Unionists Threaten Protests If Negotiations Fail

15:07, 26 Oct. 2009
Romania’s subway unionists continue talks Monday with the management of subway company Metrorex and, depending on the outcome of talks, they will further decide whether subway employees will stage protests Wednesday in capital Bucharest and a general strike in November.

Romania’s First Hybrid OR Inaugurated At Cardiovascular Disease Institute In Iasi

15:02, 26 Oct. 2009
The Institute for Cardiovascular Diseases in Iasi, eastern Romania, inaugurated Monday its hybrid operating room, the first in the country, which cost about EUR1.5 million and is endowed with angiography equipment using innovative medical technologies, robotics and software.

Romania Sept Overdue Loans Up 4.3% MM To RON6.51B

14:08, 26 Oct. 2009
Romanian overdue loans rose 4.3% on the month to 6.51 billion lei (EUR1=RON4.2877) in September, but were more than triple compared with the same month of 2008, central bank data showed Monday.

Bucharest City Hall To Ban Graffiti Outside Designated Areas – Draft Decision

13:09, 26 Oct. 2009
Bucharest City Hall proposes banning graffiti outside designated areas unless artists have permission from property owners, to avoid acts of vandalism on buildings, subway stations, phone booths or passageways.

Romania’s Constitutional Court Overrules Contestation Against President’s Candidacy For Second Term

11:20, 26 Oct. 2009
Romania’s Constitutional Court overruled the contestation against acting President Traian Basescu’s candidacy in the presidential elections, contestation based on the fact the head of state is involved in a criminal trial, the Constitutional Court said on its website Monday.

Romanian Power Holdings Setup Started In Feb – Ministry

11:09, 26 Oct. 2009
The setting up of Romania's power holdings started in February, following talks with the interested parties, according to an Economy Minister response to statement of the social democrat deputy Iulian Iancu, who said the decision is too important to be made by an ousted government.

Romanian Actor Gheorghe Dinica Closely Monitored For Severe Lung, Kidney Infection

09:49, 26 Oct. 2009
Romanian actor Gheorghe Dinica, 75, continues to receive medical care and treatment for severe lung and kidney infection at the Bucharest Floreasca Emergency Hospital and his health condition is stable, people close to the matter said.

Romania Cannot Make It Out Of The Crisis By Itself – President

19:09, 25 Oct. 2009
Romanian President Traian Basescu on Sunday said Romania cannot make it out of the economic crisis by itself, because it is not an isolated country, stressing, however, that Romania cannot turn into a "tractor" for other European countries.

Romania Launches Special Telephone Line To Report Attempted Election Fraud

18:10, 25 Oct. 2009
Romania’s Interior Ministry secretary of state Liviu Gradinaru on Sunday said the country’s emergency call service 112 will have a special telephone line to report any attempts to defraud the presidential elections.

French Band AIR To Perform In Bucharest On February 11, 2010

16:05, 25 Oct. 2009
French electronic pop duo AIR, famous for electronic plays "Kelly Watch the Stars" and "Cherry Blossom Girl," will perform in capital city Bucharest on February 11, 2010 to further promote their new album "Love 2" released in Japan, on 30 September 2009, and worldwide in the first week of October.