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	<title>Observator de Bacau - Romanian news - english edition</title>
	<link>http://news.observatordebacau.info</link>
	<description>Romanian News - business, politics, sports.</description>
	<lastBuildDate>Thu, 11 Mar 2010 13:53:00 +0000</lastBuildDate>
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		<title>Where are 11 billion lei from the National Development Fund? Embezzelment or financial engineering to cover the budgetary deficit</title>
		<description><![CDATA[PM Emil Boc announced that the Executive plans to set up a national investments fund that can offer financial resources for major projects. However, the problem is that at this moment Romania has a similar instrument: The National Development Fund created in 2006. A fund with 11 billion lei, all coming after the privatization of private companies. The declarations of the officials suggest that the money, which were meant for investments only according to the law, covered the budgetary deficit in the last three years. What is needed is for authorities to establish whether it was embezzlement or if the money were moved from investments to salary payments through a legal financial engineering method.]]></description>
		<link>http://news.observatordebacau.info/2010/03/11/where-are-11-billion-lei-from-the-national-development-fund-embezzelment-or-financial-engineering-to-cover-the-budgetary-deficit.html</link>
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		<title>Rammstein, Metallica, Slayer, Manowar, Megadeth Slayer and Anthrax to perform in Bucharest on June 25-27</title>
		<description><![CDATA[Rammstein, Metallica, Slayer, Manowar, Megadeth Slayer and Anthrax will perform in Bucharest at the Sonisphere Festival in 2010. The event will take place on June 25-27 at Romexpo. It is for the first time when Rammstein comes to Romania. Also for the first time are Slayer and Anthrax, Romanian news agency Agerpres informs.]]></description>
		<link>http://news.observatordebacau.info/2010/03/11/rammstein-metallica-slayer-manowar-megadeth-slayer-and-anthrax-to-perform-in-bucharest-on-june-25-27.html</link>
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		<title>Anticrisis measures: companies will be able to pay their debts first and penalties after / the number of fiscal declarations will be reduced</title>
		<description><![CDATA[Companies in Romania will be able to pay their debts to the state first, and afterwards their penalties for the debt. This is one of the measures in the anti-crisis plan prepared by the government. Another measure is to reduce the number of fiscal declarations a company is required to fill up for the budget contributions. Currently, companies need to fill up about 24 such declarations each month.]]></description>
		<link>http://news.observatordebacau.info/2010/03/11/anticrisis-measures-companies-will-be-able-to-pay-their-debts-first-and-penalties-after-the-number-of-fiscal-declarations-will-be-reduced.html</link>
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		<title>Economy minister Videanu: the new investment fund might be functional in several weeks</title>
		<description><![CDATA[Romania&#39;s Economy minister Adriean Videanu said that the new investment fund, which the government plans to set up, might be functional in several weeks or months and will include minority shares of the Economy Ministry and other public institutions. According to Videanu, the name of the fund will be The National Investments Fund.]]></description>
		<link>http://news.observatordebacau.info/2010/03/11/economy-minister-videanu-the-new-investment-fund-might-be-functional-in-several-weeks.html</link>
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	<item>
		<title>Forbes: Carlos Slim the richest man in the world with 53.5 billion dollars. Romania has three names in the top &#8211; Patriciu, Ioan Nicolae, Tiriac</title>
		<description><![CDATA[Mexican Carlos Slim became the richest man in the world, with an estimated wealth of 53.5 billion dollars, a 18.5 increase compared to last year, according to a Forbes top. For the first time, the top includes three]]></description>
		<link>http://news.observatordebacau.info/2010/03/11/forbes-carlos-slim-the-richest-man-in-the-world-with-53-5-billion-dollars-romania-has-three-names-in-the-top-patriciu-ioan-nicolae-tiriac.html</link>
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	<item>
		<title>What the newspapers say: March 11, 2010</title>
		<description><![CDATA[In politics, find out what PSD Geoana misses out and what the Democrat Liberals win by taking over the Senate&#39;s Speaker position from Geoana. Elsewhere in the news, one newspaper claims that Romanian schools produce mediocre students with a diploma. On a lighter tone, Cluj Napoca, central Romanian plans to become the European Capital of Culture in 2020. The Spring Jazz Festival in May in Bucharest will bring about the long awaited spring, let&#39;s hope.]]></description>
		<link>http://news.observatordebacau.info/2010/03/11/what-the-newspapers-say-march-11-2010.html</link>
			</item>
	<item>
		<title>Transylvanian city to compete for 2020 Cultural Capital title</title>
		<description><![CDATA[Romanian city Cluj Napoca will candidate for the 2020 Cultural Capital title, mayor Sorin Apostu announced on Wednesday, March 10 2010, according to Agerpres. The local authority will need to prepare the competing project (first at a national level) by 2013. It is expected for several Romanian cities to enter the competition: Timisoara (West) also announced its intention to candidate.]]></description>
		<link>http://news.observatordebacau.info/2010/03/10/transylvanian-city-to-compete-for-2020-cultural-capital-title.html</link>
			</item>
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		<title>Japan lends Romania 315 mln Euros to build tube network</title>
		<description><![CDATA[Japan agreed to lend Romania a loan worth of 315 million Euros for Romanian authorities to build the Bucharest - "Henri Coanda" Airport tube network. The contract was sealed today, Marh 10, in Tokyo, by Romanian President Traian Basescu and Japanese MP Yukio Hatoyama, Agerpres informs.]]></description>
		<link>http://news.observatordebacau.info/2010/03/10/japan-lends-romania-315-mln-euros-to-build-tube-network.html</link>
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		<title>Education unions threaten to block academic year. Minister assures there&#039;s money for salaries</title>
		<description><![CDATA[Romanian education unions are determined to continue their protests, which could lead to blocking the academic year and national exams if Education Ministry doesn&#39;t find solutions to solve salary issues and redundancies unions members say, according to Romanian news agency Mediafax. Minister Daniel Funeriu said there were necessary funds for salaries and pensions.]]></description>
		<link>http://news.observatordebacau.info/2010/03/10/education-unions-threaten-to-block-academic-year-minister-assures-theres-money-for-salaries.html</link>
			</item>
	<item>
		<title>Annual inflation rates below the analysts&#039; expectations</title>
		<description><![CDATA[The annual rate of inflation in Romania fall in February to 4.49% from 5.20% recorded i January, after consumption prices went up 0.20% against the previous month, according to the Romanian National Statistics Agency (INS). Economists estimated the annual inflation to 4.6% in February, based on a 0.3% increase in consumerist prices.]]></description>
		<link>http://news.observatordebacau.info/2010/03/10/annual-inflation-rates-below-the-analysts-expectations.html</link>
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