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EBRD Ups Romania GDP Forecast To +1.8% In 2011

13:15, 20 Mai 2011
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity measures implemented under a multilateral financial program will pay off.

S&P Revises BNR Outlook To Stable With One Year Delay, Citing Administrative Error

13:14, 20 Mai 2011
Standard & Poor's Rating Services Thursday said that due to an administrative error the rating outlook on the National Bank of Romania (BNR, the central bank of Romania), which is linked to that of Romania, had been incorrectly listed as negative for more than one year.

Romanian President Wants New Constitution Adopted Before 2012 Parliamentary Elections

09:21, 20 Mai 2011
Romanian President Traian Basescu said on public television late Thursday he wants the referendum on a new Constitution to take place simultaneously with local elections in June next year so parliamentary elections in November-December 2012 will be organized based on the new fundamental law.

Self-Employed Romanians May Hire Other People As Workers

21:02, 19 Mai 2011
Self-employed Romanians will be allowed to hire other people for their activity, with employment contracts, as per a new government emergency ordinance.

EU Asks Romania To Implement Directive On Railway Safety

15:35, 19 Mai 2011
The European Commission (EC) has sent a reasoned opinion to nine member states, including Romania, formally asking them to fully implement the railway safety directive.

EU Launches Infringement Procedure Against Romania Over Air Service Agreement With Russia

15:34, 19 Mai 2011
The European Commission (EC) on Thursday launched an infringement procedure against Romania over its bilateral air service agreement with Russia.

Romanian Daewoo Mangalia To Build 4 Ships In $400M Deal

15:23, 19 Mai 2011
Southeastern Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, will build four container carriers for Israeli group Ofer Global Holdings, under a $400 million contract, the ship owner announced Thursday.

Romanian Private Lending Seen Recovering In H2

15:17, 19 Mai 2011
Romanian private lending is poised to pick up in the second half of 2011, albeit at a slower pace compared with pre-crisis levels, said Radu Ghetea, head of Romanian Banking Association.

Over 500,000 Phone Numbers Ported In Romania Since 2008

13:43, 19 Mai 2011
Over 500,000 telephone numbers were ported in Romania between October 2008 and May 16, 2011, most in mobile networks, according to the data of telecom regulator ANCOM.

Romania To Open One Lane Of Basarab-Constanta Hwy Section In July

13:42, 19 Mai 2011
One lane on the Basarab-Constanta section of the Bucharest-Constanta highway in Romania, as well as Constanta's ringroad, will be opened to traffic in July, Transport Minister Anca Boagiu said Thursday.

Romanian President Supports Plan To Reduce No. Of Heating Aid Beneficiaries

12:59, 19 Mai 2011
Romanian President Traian Basescu supports the Government’s plan to eliminate heating subsidies and direct such aid only to disadvantaged categories.

Romania To Amend Car Pollution Tax, Following CJEU Ruling

18:58, 18 Mai 2011
Romania's Government has decided to amend the car pollution tax again in a few weeks, after the Court of Justice of the European Union (CJEU) judged it in violation of community legislation.

Romanian Sustainable Home Heating Subsidy Program Reopened To Individuals In June

17:16, 18 Mai 2011
Romania's "Green House" program will be reopened to individuals on June 1, Environment Minister Laszlo Borbely announced Wednesday.

Bucharest Public Transport Authority RATB Might Become Commercial Co

16:58, 18 Mai 2011
Bucharest public transport authority RATB should be turned into a commercial enterprise, to increase its independence and allow it to access European funds, general manager Adrian Crit said Wednesday.

Bucharest Subway Operator Eyes Mainline Extension For EUR300M

15:20, 18 Mai 2011
Bucharest subway operator Metrorex wants to add two stations to the M4 line, as well as a terminal hub with a parking lot, dispatcher and bus station, through an investment of about 1.22 billion lei (EUR296 million, VAT included).

Romania’s EU Fund Absorption Rate Still Lowest In Region

15:18, 18 Mai 2011
Romania's European fund absorption continues to be the lowest in Central and Eastern Europe (CEE), with especially low payment ratios recorded for transport and environmental programs, according to a study compiled by consultancy firm KPMG.

Romanian Lower House Committee For Human Rights Approves Internet Pornography Bill

15:17, 18 Mai 2011
The Romanian Chamber of Deputies committee for human rights on Wednesday approved the bill on Internet pornography, with a series of amendments.

Romanian 2008 Govt Ordinance On Car Pollution Tax Ruled Constitutional

14:59, 18 Mai 2011
The Romanian Constitutional Court on Wednesday rejected as groundless the unconstitutionality claims targeting certain provisions of Government Emergency Ordinance 50/2008 on car pollution tax.

Romanian Opposition Submits Simple Motion Targeting Foreign Affairs Ministry

13:25, 18 Mai 2011
Romanian opposition lawmakers on Wednesday submitted in the Senate a simple motion targeting the Foreign Affairs Ministry, social democrat senator Titus Corlatean told MEDIAFAX.

Number Of Romanian Active Cards In 1Q At Lowest Level Since March 2008

18:36, 17 Mai 2011
The number of active cards in Romania decreased by 619,815 in the first quarter, to 10.58 million, the lowest level since March 2008, although the total value of transactions has grown compared to the same period of last year, central bank data showed Tuesday.

Lower House Eliminates Obligation To Teach Romanian History, Geography In Minority Languages

17:18, 17 Mai 2011
Romania's Chamber of Deputies on Tuesday tacitly adopted a proposal to eliminate the obligation to teach Romanian history and geography in the languages of national minorities.

Illegal Spirits Sales In Romania Reached About EUR750M In 2010

16:10, 17 Mai 2011
Illegal spirits sales in Romania stood at between EUR700 million and EUR750 million last year, or 60% of the overall spirits market, according to the Garant association comprising most of the players on the spirits market.

Rompetrol Cuts RON0.12/Liter Off Diesel Prices, Raises Gas Price By RON0.09/Liter

16:09, 17 Mai 2011
Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, Tuesday increased pump prices for gasoline by 0.9 lei (EUR0.22) per liter and decreased diesel pump prices by RON0.12 per liter.

Romanian Police Protest Ends After Parliament Postpones Debate On Layoff Bill

14:41, 17 Mai 2011
The Romanian police protest outside the Parliament on Tuesday ended early, after lawmakers postponed the debate on the bill cutting 9500 jobs in the Interior Ministry.

Romanian Govt Adds Pvt Company To IMF Letter Of Intent By Mistake

14:35, 17 Mai 2011
Dalkia Romania, a unit of French utility Veolia Environment, was included by mistake on a list of money-losing public companies that require international monitoring.

Romanian Durable Goods Market Widens 10% In 1Q, To EUR307M – GfK

12:11, 17 Mai 2011
The Romanian durable consumer goods market widened by 10.7% on the year in the first quarter of 2011, to EUR307 million, according to a GfK Temax survey released Tuesday.

About 200 Romanian Interior Ministry Unionists Picket Parliament Over Layoff Bill

11:11, 17 Mai 2011
About 200 Romanian police officers on Tuesday are picketing the Parliament, calling on lawmakers to reject the Interior Ministry layoff bill.

Romanian Senate Adopts Food Content Dot Bill

18:27, 16 Mai 2011
The Romanian Senate on Monday adopted with 54 to 42 votes and three abstentions a bill whereby food products will have a colored dot on their packaging to signal their healthy or harmful content.

Romanian Land Prices Down 16% In 1Q – imobiliare.ro

17:50, 16 Mai 2011
Owners of inner city land for residential project development in Romania continued to decrease prices in the first quarter of the year, by up to 16%, under the pressure still felt from the economic crisis, according to realty ad portal imobiliare.ro.

Romanian Govt Coalition May Discuss Replacing PM – Sources

13:44, 16 Mai 2011
Romania’s ruling coalition will hold a meeting Tuesday and might discuss whether to replace Emil Boc as prime minister following his reelection as head of the ruling Democratic Liberal Party, people close to the matter said Monday.

Romania Posts Highest Annual Inflation In EU For 9th Straight Month

13:15, 16 Mai 2011
Romania maintained the highest inflation in the European Union for the ninth month in a row in April, while the EU's average rate was up at 3.2% from 3.1% in March, statistics office Eurostat said Monday.

Romania’s Current Account Deficit Shrinks To EUR634M In First Quarter

12:05, 16 Mai 2011
Romania registered a current account deficit of EUR634 million in the first quarter this year, some 2.5 times lower than in the same interval of the previous year, but 14 times higher than EUR44 million in January-February this year, central bank data showed Monday.

Romanian Govt Pledges Over 7000 Job Cuts In Railway, Energy, Postal Co

14:19, 15 Mai 2011
Romania's government has pledged to cut more than 7000 jobs in state railway companies, energy suppliers and the national postal company, while lowering their running costs through renegotiated contracts, says the letter of intent to a EUR3.6 billion loan agreement with the IMF.

Romania Pledges To Slash Heating Aid By End-August

14:16, 15 Mai 2011
Romania's government committed in the letter of intent to the International Monetary Fund to eliminate the thermal energy subsidy by the end of August at the latest and direct such aid only to disadvantaged categories.

Romanian Govt Promises To Hike Train Ticket Prices By More Than Inflation

14:06, 15 Mai 2011
Romania's Government has promised the International Monetary Fund that, by the end of August, it will amend legislation to allow state-owned transport companies CFR Calatori and Metrorex to increase their fees by more than the rate of inflation.

Romania To Revise Gas Transit Deal With Russia

13:54, 15 Mai 2011
Romania's Government will begin negotiations with Russia to revise the existing agreements on the transit of natural gas through pipelines on Romania's territory, says the memorandum of understanding agreed upon with the European Commission.

Romania Must Amend Newly Adopted Labor Laws By This Fall

12:52, 15 Mai 2011
The Romanian Government must extend the period over which overtime can be rewarded with paid time off to 90 days, from 60 days as stated in the country’s recently adopted labor laws, says the memorandum of understanding agreed upon with the European Commission.

Romania To Ensure Gas Exports Towards Hungary By End-2012

12:51, 15 Mai 2011
Romania’s government pledged to make the needed steps to allow exports of natural gas towards Hungary by the end of 2012, according to the memorandum of understanding agreed with the European Commission, a document obtained by MEDIAFAX.

Romanian State-Owned Companies To Crack Down On Debtors

12:50, 15 Mai 2011
The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrears.

Self-Employed Romanians May Hire Other People As Workers – Draft

12:49, 15 Mai 2011
Self-employed Romanians will be allowed to hire other people for their activity, with employment contracts, according to a draft government emergency ordinance.