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Romanian Fin Min Rejects Minimum Wage Hike

13:03, 07 Iul. 2008
Romanian minister of economy and finance Varujan Vosganian said Monday he rejects unions' demands for the increase of the minimum wage to 540 lei (EUR1=RON 3.6066), on failing to meet the inflation target and labor productivity criteria.

Romania’s May Net Salary Dn 2.7% M-M To RON1.248

10:38, 07 Iul. 2008
Romania's net average salary was down 2.7% to 1.248lei (EUR1-RON 3.6139) in real terms in May 2008, compared with April 2008, the National Institute for Statistics said Monday.

Romanian Democrat Liberals Reject Alliance, Collaboration With Social Democrats, Liberals

19:25, 06 Iul. 2008
Romania’ democrat liberal head Emil Boc Sunday said his party rejects any future alliance with leftist social democrats, as well as any collaboration with the liberals as long as they are led by people like Calin Popescu Tariceanu.

Romanian Official In Food Industry Urges VAT Cut For Food Products

18:40, 06 Iul. 2008
Sorin Minea, head of the employers’ federation in the food industry Romalimenta, urged the government to adopt the measure regarding a cut in the value added tax food products, stressing this is the only way to keep food prices unchanged.

Leak In LPG-Loaded Tank Isolated, No Danger Of Explosion

14:41, 06 Iul. 2008
Firefighters rushed Sunday morning to the railway station in Zam locality, in Romanian western county of Hunedoara, and prevented a powerful blast after liquefied petroleum gas (LPG) leaked from a tank car carrying 75,000 liters of LPG.

One Killed, One Seriously Injured In Jet Ski Collision On Black Sea Coast

17:59, 05 Iul. 2008
One person died and another was seriously injured Saturday morning, around 10:30 local time, in a collision between two jet skis in Costinesti seaside resort on the Romanian Black Sea coast.

Romania’s Main Opp Party Eyes 200 Seats In Future Parliament

15:32, 05 Iul. 2008
Mircea Geoana, head of Romania’s leftist opposition Social-Democratic Party (PSD), estimated his party would win 40% of Parliament seats in the future legislative elections.

EXCLUSIVE: Court Obliges Betting Houses To Pay 20% Of Cash-Ins To Football Fed

21:31, 04 Iul. 2008
The Bucharest Court Thursday ruled that betting houses in the Wettpunkt International network – which includes the Victoria Casino- must pay 20% of the money they collect for sporting bets to the Romanian Football Federation (FRF), as stipulated in Sports Law 69/2000.

British Doctors Successfully Terminated Romanian 11 Y-O Pregnancy

20:19, 04 Iul. 2008
British doctors within the Royal London Hospital successfully terminated Friday afternoon the 22-week pregnancy of the Romanian 11 year-old girl, medical sources said.

Romania May Reschedule CFR Debts To Pwr Suppliers For Repayment In 1 Yr- Sources

19:25, 04 Iul. 2008
Romanian Ministries of Economy and Transports, plan, jointly with state and private power suppliers, to reschedule the 1 billion lei (EUR1=RON3.6139) debts of Romania’s state-owned railway company Caile Ferate Romane, or CFR, to energy suppliers, for payment in one year, sources said Friday.

Romanian Energy Watchdog OKs 5 More Cos As Pwr Traders

19:21, 04 Iul. 2008
Romanian Energy Watchdog ANRE authorized five more companies as electricity traders on the Romanian market, namely Delta Energy, Amgaz Furnizare, JAS Budapest ZRT, Energy Incorporatet, and Slovenia’s Holding Slovenske Elecktrarne.

Spanish Police Arrest Ten Romanians On Suspicion Of Credit Card Forgery

16:47, 04 Iul. 2008
Thirteen people, including Romanian nationals, were arrested in Tarragona, northern Spain, on suspicion of selling in Romania various products purchased with forged cards, Spanish daily ABC cited police sources as saying.

Two Die In Romanian Minibus Crash NW Hungary

12:41, 04 Iul. 2008
Two minibus passengers were killed Friday after their vehicle, registered in Romania, crashed into a car on Hungary’s motorway M1 near Gyor city, northwestern Hungary, MTI reported.

Arbitration Court Lifts Penalties Against Steaua – Club Owner

18:57, 03 Iul. 2008
The Arbitration Court of Romania’s Football Federation (FRF) on Thursday lifted the sanctions against FC Steaua Bucharest and annulled the 7-point penalty against the club, club owner Gigi Becali said.

Romania’s Petrom Hikes Gas, Diesel Oil Pump Prices By RON0.07, RON0.06 Per Liter

16:59, 03 Iul. 2008
Romania’s largest oil company Petrom SA (SNP.RO) hiked Thursday gasoline and diesel oil pump prices by 0.07 lei (EUR1=RON 3.6365), and RON0.06 per liter, respectively, the company said in a statement.

Romania’s BCR Bk, Enel Romania Sign Pact On ATMs Bills Payment

16:24, 03 Iul. 2008
Romania’s largest lender Banca Comerciala Romana, or BCR, and Enel Romania, the local unit of Italian utility Enel SpA (EN), signed an agreement based on which the company’s clients in the western and southeastern counties of Banat and Dobrogea, respectively, could pay their bills at BCR’s ATMs.

Romania Ranks 3rd In EU By May Retail Trading Growth

14:45, 03 Iul. 2008
Romania ranks third in the European Union by retail trading growth, with a 6.8% increase during May 2007- May 2008, according to a report published on Thursday by the Statistical Office of the European Communities, Eurostat.

Utility Aircraft Crashes Near Bucharest, Pilots Unharmed

09:55, 03 Iul. 2008
A utility aircraft crashed Thursday morning nearby Stefanesti commune, close to Romania’s capital city Bucharest, and caught fire immediately after impact. The two pilots were unharmed.

Romania Allocates RON160M To Help Low-Income Families Pay Gas Bills

18:53, 02 Iul. 2008
The Romanian government will allocate 160 million lei (EUR1-RON3.6404) to help people with low incomes pay their gas bills, in a move meant to counter the effects of the recent price hikes of natural gas, Premier Calin Popescu Tariceanu said Wednesday.

UPC Romania, Three Subsidiaries To Merge By Absorption

18:32, 02 Iul. 2008
Telecom operator UPC Romania and three of the companies it controls, namely Electron M. Bit Telecom, Sebmar and Cablevision of Romania (CVR), will merge on October 1 in a move to simplify managing proceedings and cut administration costs.

Romanian Parliament Extends Court Of Accounts Mandates Until Sep 30

16:15, 02 Iul. 2008
The vote rendered by the Romanian Parliament extending the mandate of the current Court of Accounts leadership was valid and the mandate was extended until September 30, according to a decision issued by the Standing Offices of the two Chambers of Parliament.

Romanian Climbers To Reach For Khan Tengri’s 7,010-Meter Cap

16:02, 02 Iul. 2008
A team of 15 Romanian climbers is set to depart on July 19 for a one-month expedition to Tian Shan mountains on the Kyrgyzstan—Kazakhstan border to conquest the 7,010 m peak of Khan Tengri.

Romanian Govt Looks To Soften Utility Price Hikes For Underprivileged Social Categories

13:34, 02 Iul. 2008
Romania’s Finance Ministry and Labor Ministry will draw up a set of measures to help pensioners and people with low incomes pay their gas bills, Prime Minister Calin Tariceanu said Wednesday.

Romania’s Electrica Might Exit Mkt On Lack Of Liquidities – Official

13:20, 02 Iul. 2008
Romanian state-owned power grid Electrica SA has 710 million (EUR1=RON3.6435) debts to recover, out of which almost half from state-owned railway company Caile Ferate Romane, or CFR, and the company might exit the market on lack of liquidities, a company director, Ioan Silvas, said Wednesday.

Romanian Health Min, Bucharest Mayor Agree To Transfer Hospitals To Local Administration

12:33, 02 Iul. 2008
Romania’s health minister Eugen Nicolaescu and capital Bucharest general mayor Sorin Oprescu agreed Wednesday to create a working group to draw up a strategy to transfer hospitals to the subordination of local administrations and build homes for interns and young doctors.

Romanian Producers, Retailers Sign Good Practices Guide

11:39, 02 Iul. 2008
Romanian producers and retailers signed Wednesday the Guide of Good Practices regulating trade with agri-food products, which will come into force once it receives approval from the Competition Council.

Romanian Fondul Proprietatea ’07 Pft Up 4.3-Fold At RON313.1M

11:36, 02 Iul. 2008
Romania’s investment fund Fondul Proprietatea reported a net profit of 313.1 million lei (EUR1= 3.6435) in 2007, up 4.3–fold compared with RON72.1 million a year earlier, the fund said Wednesday in a press statement.

Some 100 Unionists Picket Romanian Labor, Finance Ministries Demanding Higher Minimum Wage

10:37, 02 Iul. 2008
Some one hundred unionists picketed Wednesday morning the headquarters of the Romanian Ministries of Labor and Finance urging the government to hike the minim wage to 540 lei (EUR1=RON3.6435) as of Jul 1, from the current RON500.

Romanian May Industrial Producer Prices +16.8% On Year

10:02, 02 Iul. 2008
Romania’s industrial producer price index rose 16.8% on the year in May driven by higher prices in the manufacturing sector, the National Statistics Institute said Wednesday.

Romanian Pres Urges Govt, Parties To Refrain From Populist Counter Measures To Price Hikes

19:54, 01 Iul. 2008
Romanian President Traian Basescu on Tuesday urged the government and the parties not to respond with populist measures to the recent price increases of food products and energy, the presidency said in a statement.

Romanian Political Parties, Pres Talk Price Hikes

18:10, 01 Iul. 2008
The representatives of Romanian parliament parties who attended consultations with president Traian Basescu on the price hikes for foods and fuel, presented media with the conclusions of the reunion.

Intl Oil, Food Prices Rise To Add 0.6 Pp To Romania’s Curr Acct Def To 13.6% Of GDP

17:16, 01 Iul. 2008
The combined rise in prices for oil and food products is seen adding 0.6 percentage points to Romania’s 2008 current account deficit, which is seen at 13.6% of gross domestic product, the IMF said in a report Tuesday.

Romanian Consumers’ Auth Considers Draft Act To Protect Bank Clients

16:33, 01 Iul. 2008
The Romanian authority for consumers’ protection ANPC on Tuesday said it considers a draft law aimed to protect beneficiaries of financial and banking services, after several check-ups at banking institutions revealed irregularities concerning the client-bank relationship.

Romanian Car Mkr Dacia Launches The Revamped Logan Sedan

16:32, 01 Iul. 2008
Romanian car maker Dacia launched Tuesday a revamped variant of the Logan Sedan, at the same price as the previous version, namely EUR6,400 with VAT, while the older version was taken off the production line.

Nabucco Pipeline Users Entitled To 25-Yrs Exemptions

15:47, 01 Iul. 2008
The gas beneficiary companies from Nabucco pipeline will be exempted from complying with the law on third party access to transport system or pricing methodology on a 25-year period, the National Energy Watchdog ANRE said Tuesday.

Romanian Car Deterioration Review To Cost RON243, RON299 – Evaluator

15:22, 01 Iul. 2008
The fee applied by the Romanian Automobile Registry (RAR), when establishing the deterioration of vehicles, reaches RON243 (EUR66.6) for cars with a maximum authorized mass lower than or equal to 3.5 tons and RON299 (EUR82) for those that exceed this mass, the institution announced Tuesday.

Romanian Senate Could Call Extra Session To Vote On Prosecution Of Lawmakers

14:11, 01 Iul. 2008
The commission for legal matters in the Romanian Senate has analyzed the files of labor minister Paul Pacuraru and former economy minister Codrut Seres, for whom prosecutors requested approval to probe corruption allegations, commission president Norica Nicolai said Tuesday.

Romanian Distrigaz Sud To Ask For 20% Gas Price Hike Oct 1

12:53, 01 Iul. 2008
Gas distributor Distrigaz Sud, majority-owned by French utility Gaz de France, will ask Romanian energy watchdog ANRE to hike gas prices by some 20% on October 1, given that imported natural gas price will continue to increase by yearend, Distrigaz Sud general manager, Bernard Arnaud, said Tuesday.

Romanian Ctrl Bk Cuts By 10% Fees For Real Time Clearing Sys Payments

12:06, 01 Iul. 2008
Romania’s central bank lowers by 10% fees perceived from lending institutions for large or urgent payments in the Real Time Gross Interbank clearing and settlement system (ReGIS) starting Aug 1, the bank said Tuesday.

Jean-Michel Jarre To Play Bucharest Nov 10

10:57, 01 Iul. 2008
French musician Jean-Michel Jarre, considered a pioneer of electronic, synthpop and New Age music, will have a concert in Bucharest on Nov 10, event organizers, the Phoenix Foundation, said.