Romanian authorities confirmed a new A/H1N1 case in Iasi, North Romania in a child from a local social center which received the visit of the British group who came in Romania for a social project. Four of the group members were confirmed to have the virus a few days after they arrived in Romania.
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A Romania woman is listed among the people who lost their lives in the tragic rail accident that happened on Monday evening in Viareggio station, North-West Italy, when a wagon loaded with GPL exploded, causing the death of 16 persons, according to the Italian press.
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Romania will cut its number of government agencies to half by July 15, except for structures that have been created following negotiations with the European Union, of which Romania is a member,. Prime Minister Emil Boc said late Tuesday.
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"The Government is trying to limit the crises effects and to prepare for economic recovery" PM Emil Boc declared on Wednesday for Romanian TV channel Realitatea TV, before the Executive meeting. The last anti-crisis measure the Government took was to postpone urging companies affected by the crises to pay their debts by six months.
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The National Bank of Romania considers the average interest rates of time deposits and new loans are still distorted compared with the key interest, so that the monetary policy relaxation pursues their adjustment and lending revival, according to the statement made public after the meeting of the bank's Board of Governors.
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Ioan Niculae, the owner of the Interagro group, with approximately one billion euros in the chemical industry and agriculture, says he will build a five-star hotel in Azuga, following an approximately 20 million euro investment.
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The Bucharest Court of Appeals on Wednesday sentenced the former general manager of Bucharest heating company RADET, Gheorghe Dabela, to six years in prison and two years of suspended rights for bribery, after the Bucharest Military Court previously sentenced Dabela to three years in prison.
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The Romanian companies aiming to postpone paying budget debts for a six-month period will be compelled to guarantee the subsequent debt reimbursement through banking and/or real estate letters of guarantee, which need to cover the deferred amounts and any delay penalties.
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Giants such as GlaxoSmithKline, Roche, Bayer or Eli Lilly have found in Romanian teams the people that should outline sales strategies of hundreds of million euros.
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Romania's Central Bank Governor Mugur Isarescu said that the agreement with the IMF has a moderation note: showing no pessimism, but no optimism either. "My public interventions indicated that the economy has managed well the adjustment that the critical moments on the foreign exchange market and monetary market are behind us". He also referred to the issue of re-launching the economy, but said Romania did not need an economic growth, which could shock essential segments, like the exchange rate.
Next year, ING will reach the goals announced in 2005, that is one million retail clients, although business is going much slower, says Albert Roggemans, the head of the retail division of the Dutch bank.
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Bucharest district 3 mayor, Liviu Negoita plans to build in 48 months, 24 artificial fountains and allocate 4 million euro for this project, despite the financial crisis, one newspaper reads on Thursday. Elsewhere in the news, an ambitious PHARE project took over by a Greek construction company to improve the life of the nuns at the Agapia monastery in North Romania was a complete failure. Last but not least, at a time when Romanian gypsies flee from racist attacks in North Ireland, Briton William Blacker talks about his enchanted encounter with them.
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Press Group Ringier Romania, an important actor on Romanian mass-media market, announced on Wednesday that it will launch a new Online Division in mid-July, which will manage all the online activities the Swiss group holds in Romania. The Division will count over 100 staff on finalising the "inner and external" recruitment. More than 50 new jobs are being created. Ringier operations chief in Romania Marius Hagger will temporary be in charge of the Division, according to a report sent to HotNews.ro.
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Romanian Central Bank's (BNR) foreign currency deposits amounted to 26.46 billion euros end of June, a 386 billion drop since end of May, according to BNR's data. The drop in foreign currency is the result of a 1.549 billion euros influx and a 1.935 billion euros outflow.
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Cosmote Group has signed an agreement for the acquisition of Telemobil Zapp). The consideration for the shares of Zapp is estimated at around 61 million Euro equity value), while Cosmote will also assume the debt and other liabilities of Zapp, mainly concerning 3G and CDMA network roll out, estima…
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Romanian Football Federation’s Coach School principal Mircea Radulescu said Wednesday that League I coaches who fail to attend press conferences after official games will be fined 10,000 lei (EUR1=RON4.1892).
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Increasing the VAT may trigger an "inflationist shock", Romanian Central Bank (BNR) Governor Mugur Isarescu declared on Wednesday, following discussions of possible VAT increase in Romania. Isarescu said that an increase in tax, as a means of correcting economic unbalances, also entails inflationist costs, Romanian press agency NewsIn informs.
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