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Romania PM: Unitary Wage Law Ready Until Aug 14, Govt To Assume Responsibility In Parl

09:20, 30 Iul. 2009
Romania’s Prime Minister Emil Boc on Wednesday said the draft unitary pay law for the public sector will be completed until August 14, arguing he personally thinks the government ought to assume responsibility for the law in Parliament.

Romanian Govt Ratified Stand-By Agreement With IMF Before Meeting Fund’s Mission

20:39, 29 Iul. 2009
The Romanian Government on Wednesday ratified the stand-by agreement with the International Monetary Fund before the meeting with the IMF mission to Bucharest, by a law draft that will be sent to the Parliament for adoption.

Wages For Govt Agencies To Be Set By Govt At Decent Level – Romanian PM

20:27, 29 Iul. 2009
The wages for some managers or drivers within the government agencies, which currently reach sums between 4,100 lei (EUR1=RON4.2138) and RON17,600, will be brought to a reasonable level, Prime Minister Emil Boc said, adding the agencies’ revenues will go to the budget.

IMF Mission Meets Romanian Ctrl Bk Governor Wednesday

16:39, 29 Iul. 2009
The International Monetary Fund mission in Romanian will meet Wednesday the central bank governor Mugur Isarescu and, later in the day, the group of ministers nominated to negotiate with the institution, governmental sources told MEDIAFAX.

No Of Romanians With Overdue Retail Loans Exceeding 30 Days Up 48% YY In May

16:12, 29 Iul. 2009
The number of Romanians with retail loans overdue by more than 30 days rose by 200,000, or 47.7% on the year in May, at around 600,000 people, while overdue loans exceeding 90 days represent 82.4% of the total late payments, of 1.73 billion lei (EUR1=RON4.2138), according to central bank data.

Romanian Bks Took RON352M Short-Term Loans From Ctrl Bk In June, Highest In 3 Mos

16:02, 29 Iul. 2009
Romanian lenders borrowed 352 million lei (EUR1=RON4.2138) in June from the central bank BNR through the lending facility, the highest level since March, the central bank said Wednesday.

Israeli Doctors Attempting To Leave Romania On Tue Had No Work License – Prosecutors

15:18, 29 Iul. 2009
Two Israeli doctors who were applied preventive arrest in the investigation of fertility clinic Sabyc after attempting to leave Romania on Tuesday had been working without license, sanitary authorization and without the approval of the Doctors College.

Parliamentary Committee Investigating Tourism Min To Meet On Aug 4

13:45, 29 Iul. 2009
The parliamentary committee investigating Romanian tourism minister Elena Udrea will meet on August 4 at 11 a.m. for its first meeting, head of the committee, liberal lawmaker Ludovic Orban told MEDIAFAX Wednesday.

Romanian Police Terminated Nine Car Purchase Contacts, Cut Spending By Over 60%

13:08, 29 Iul. 2009
The Romanian General Police Department (IGPR) decided to terminate nine contracts on the purchase of police cruisers, which translates into an over 60% cut in spending, IGPR head, quaestor Petre Toba, said Wednesday, adding none of these contracts were unfolded and no payments were made so far.

CME 1H Revenues Down 38%, To $327.4M

12:59, 29 Iul. 2009
Net revenues of Central European Media Enterprises (CME) decreased 38% in the first half of the year, to $327.4 million and the broadcasting company ended the first half with a net loss of $24.6 million over declining advertising markets, CME said in a press release Wednesday.

Romanian Mefin Sinaia Extends Furlough For 89 Employees

11:26, 29 Iul. 2009
Romanian car parts maker Mefin Sinaia (MEF.RO) extended the furlough period by 30 days, until August 31, for 89 employees, the company announced Wednesday.

Romanian “First Home” Program Norms Came Into Force Tuesday

10:48, 29 Iul. 2009
The new amendments to Romania's “First Home” program came into force Tuesday evening when the Government decision regarding the norms was published in the Official Journal.

Moldova Says Will Lift Visas For Romanian When EU Lifts Visas For Moldovans

10:34, 29 Iul. 2009
The Republic of Moldova’s acting president Vladimir Voronin said Wednesday Moldova will lift visas for Romanians when the EU lifts visas for Moldovans, Moldovan paper Jurnal de Chisinau reported in its online edition.

Romanian Govt Pledges RON170M For The Judiciary In ‘09

20:53, 28 Iul. 2009
Romanian President Traian Basescu on Tuesday said the executive pledged to allocate 170 million lei (EUR1-RON4.2012) for the judiciary in 2009, urging the magistrates not to endanger the right to justice of citizens following their protests.

Romania Presidency: Govt, Judiciary Decided Catalin Predoiu Remains Justice Minister

20:21, 28 Iul. 2009
The Romanian government officials and legal system representatives on Tuesday decided there is no need whatsoever for justice minister Catalin Predoiu to resign or be dismissed, as previously requested by several professional organizations of magistrates, the Romanian presidency said Tuesday.

‘Tourist In Romania’ Advertising Contract Awarded

20:20, 28 Iul. 2009
Romanian consortium made of Best Advertising&Consult SRL and Optimedia SRL was awarded a 3.6 million lei (EUR1-RON4.2012) contract to create the advertising campaign for the “Tourist in Romania” project, the tourism ministry said Monday.

Media Pro Sells Media Pro Entertainment To CME In $97.6M Deal

17:23, 28 Iul. 2009
Central European Media Enterprises (CME) and its CEO Adrian Sarbu signed an agreement to get all the entertainment operations of MediaPro, controlled by Sarbu, in a complex deal estimated at $97.6 million by Merrill Lynch.

Romanian Govt Hikes CEC Bk Shr Cap By RON230M, Through Pft Capitalization

17:11, 28 Iul. 2009
Romania's Government raised the share capital of state-owned lender CEC Bank by 230 million lei (EUR1=RON4.2012), at RON949.28 million, through recapitalizing part of the profit registered in 2008, following an order of the Finance minister Gheorghe Pogea.

Adrian Sarbu Appointed Chief Executive Officer Of CME

16:45, 28 Iul. 2009
Central European Media Enterprises (CME) on Tuesday appointed its president and chief operating officer Adrian Sarbu in the position of Chief Executive Officer, the company announced.

Romanian Parl Comm Ends Hearings In Nemirschi Case, Conclusions Due Aug 10

15:59, 28 Iul. 2009
The Romanian parliament committee probing the legitimacy of an EUR500,000 public contract assigned by environment minister Nicolae Nemirschi said on Monday that it has finished the hearings in the case and will present its report on August 10.

Romanian Education Min Reassures Tenured Teachers Won’t Be Laid Off

14:09, 28 Iul. 2009
Romania’s education minister Ecaterina Andronescu on Tuesday said tenured teachers are not all targeted by future layoffs in the education sector, adding only unskilled staff in the sector, whose number amounts to 12,000, will be sacked.

First Tranche Of EU Loan To Romania Has 3.125% Annual Interest, Matures In 2015

13:21, 28 Iul. 2009
The first tranche, worth EUR1.5 billion, from the total EUR5 billion loan taken by Romania from the European Union has an annual interest of 3.125% and matures in 2015.

Romanian Romgaz, Petrom, Foreign Cos Mull Leasing Black Sea Oil Blocks

13:18, 28 Iul. 2009
Romania’s gas producer Romgaz Medias, oil company Petrom (SNP.RO) and several foreign companies are interested to lease oil blocks totaling 30,000 square kilometers in the Black Sea zone in a bid that Romania's Mineral Resources Agency ANRM will launch early November.

Romanian Civil Aviation Regulator Avg Wage Might Be Lowered 23%, To RON6,363

13:11, 28 Iul. 2009
The average monthly wage of employees with the Romanian Civil Aviation Authority could decrease 22.7% this year compared to 2008, to 6.364 lei (EUR1=RON4.2051) from RON8,234, according to the institution’s draft budget.

Law Firm Bostina&Associatii To Provide Expropriation Legal Services For Sun Hwy Segments

11:56, 28 Iul. 2009
Romanian law firm Bostina and Associatii will provide legal services for expropriations after the opening procedures for the works on the segments Cernavoda-Medgidia and Medgidia-Constanta of the Sun Highway in southeastern Romania have been completed.

Romanian Deputies Approve Inquiry Committee For Tourism Min

09:23, 28 Iul. 2009
The plenary of Romania’s Chamber of Deputies approved with 103 votes in favor, none against and no abstention, the setting up of a committee to investigate how tourism minister Elena Udrea spent public money.

Romania’s Chamber of Deputies Sanctions Prosecution Of Ex-Youth Min

21:37, 27 Iul. 2009
Romania’s Chamber of Deputies on Monday evening sanctioned with 192 votes in favor and 35 against the general prosecutor’s request to start prosecution against former youth and sports minister Monica Iacob Ridzi.

Romanian Lower House Approves Report Of Committee Investigating Ex-Youth Min

20:39, 27 Iul. 2009
Romanian Chamber of Deputies approved by majority of votes a decision adopting the report of the committee investigating former youth and sport minister Monica Ridzi, which asks the Government, the Competition Council and the Court of Accounts to check the spending of public funds for Youth Day.

Romanian Lower House Adopts Report On Sterling’s Black Sea Lease Contract

19:55, 27 Iul. 2009
The Romanian Chamber of Deputies approved Monday a decision by which it asks the government and other authorities to analyze the proposals of the investigation committee in the Sterling Resources case and expects a report from the legal commission on starting prosecution of former Premier.

Romanian Government To Notify Prosecutor’s Office In Sterling Probe

19:39, 27 Iul. 2009
Romania's Government finalized the investigations in the case of the contract sealed with Canada's Sterling Resources and decided to notify the Prosecutor’s Office on the report, which shows the agreement with the Canadian company was extended to avoid other auctions.

Prosecutors To Investigate Constanta Mayor For Displaying Nazi Symbols

18:13, 27 Iul. 2009
Romanian social democrat Radu Mazare will be investigated by prosecutors in Constanta, southeastern Romania, for displaying Nazi symbols in a fashion show in Black Sea resort Mamaia.

Romania Swine Flu Cases Climb To 107 – Health Ministry Report

18:11, 27 Iul. 2009
Romania’s Cantacuzino Institute confirmed 46 new infections with the A/H1N1 flu virus during July 20 - 26, bringing the total number of A/H1N1 cases in Romania to 107 over the past two months, Romania's Health Ministry said in a report Monday.

Romanian Lower House Committee Sanctions Prosecution Of Ex-Youth Min

17:56, 27 Iul. 2009
The legal committee in the Romanian Chamber of Deputies on Monday sanctioned with 18 votes in favor and one abstention the general prosecutor’s request to start prosecution against former youth and sports minister Monica Iacob Ridzi.

Romanian Democrat Liberals Back Opening Investigation On Former Youth&Sports Min

15:22, 27 Iul. 2009
President of Romania’s Democrat Liberal Party Emil Boc on Monday said his party backs the commencement of criminal investigation in the case of former youth and sports minister Monica Iacob Ridzi, in order to give her the chance to prove her innocence in justice.

Musicians Snap! To Hold Concert In Bucharest

14:54, 27 Iul. 2009
The band Snap!, famous for hits like "The Power" – one of the best sold tracks of all time, will hold a concert Friday in Bucharest, according to the organizers.

Romania’s Petrom Hikes Fuel Prices By Up To RON0.07/Liter

14:41, 27 Iul. 2009
Romania’s dominant oil company Petrom (SNP.RO) Monday increased its gasoline and diesel oil pump prices by 0.07 lei (EUR1=RON4.2051) and RON0.06 per liter, respectively.

IMF, Romania To Discuss Program Review After Sept 15

14:35, 27 Iul. 2009
The International Monetary Fund’s Executive Board will most likely discuss the report that reviews Romania's economic program supported by the institution in the second half of September, IMF said in a press release Monday.

ArcelorMittal Deals “Unfair Blow” To Romanian Business – Harbor Admins

14:11, 27 Iul. 2009
Romanian harbors and navigable channels authorities said steel processor ArcelorMittal deals a "clearly unfair blow" to Romanian business since it stopped working with Comvex and chose to run raw material transports through the four times more expensive and slower Burgas harbor in Bulgaria.

Romanian PM Designates Team Of Ministers For Talks With IMF, EC

14:05, 27 Iul. 2009
Romanian Prime Minister Emil Boc on Monday nominated the team mandated to have talks with International Monetary Fund (IMF) and the European Commission (EC) on the topics related to state guarantees threshold, resources for investments, tax exemption for reinvested profit and the budget deficit.

Romanian Fin Min Notifies Coalition Upon Receiving EUR1.5B From EC

13:11, 27 Iul. 2009
Finance Minister Gheorghe Pogea notified the PSD-PDL ruling coalition that Monday Romania received the first tranche worth almost EUR1.5 billion from the European Commission loan, PDL vice-president Gheorghe Flutur said at the end of the coalition’s meeting.