Court decisions allowing professors a salary increase, despite the government’s decision to cut salaries are increasing more and more. About 2,000 professors in 50 schools in Iasi, North Romania won a 34% increase in salaries. The decision was given on Friday, June 10 at Iasi and it is definitive and aplicable for 2010 as well. read more...

The crisis in Greece wil most surely affect Romania and Bulgaria and the consequences started to make themselves felt: the first effect was a decrease of credits offered by Greek banks, a report of the Nomura bank, a Japanese bank reads quoted by a Financial Times blog. read more...

City of London Investment Management owns 5.85% of the Proprietatea Fund shares a press release of the Bucharest Exchange reads. The company owns 134.08 million shares of the Fund and 668.200 of the warrants of UniCredit Bank. Each such warrant is convertible in 1,000 shares at Proprietatea Fund. read more...

The Romanian central bank is keeping a close eye on Greek subsidiaries and has already taken preventive measures against potential fiscal slippages, first deputy governor Florin Georgescu said Thursday. read more...

Romania’s Prime Minister, Emil Boc declared for a talk show for a news television B1TV that they are continuing talks with their governing partners, the Hungarian Democrats on the territorial reorganization issue. Boc said that he is not worried about the complains of the Hungarian minority at Brussels because in Europe general rights are encourage not minority rights and Romania has one of the most advanced law of minorities. read more...

A Romanian military was wounded in Afghanistan while in a mission of terrestrial research, the Romanian Defense ministry informs. Nicusor Bica, part of Battalion 26 Infantry was in a mission when he was injured at his eyes on Thursday. Bica was securing a road when an improvised explosive went off and his eyes were affected. read more...