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Sep 17, 2016

TRUCKERS WIN * Romania - Reduction in insurance costs

* Bucharest - After a day of nationwide protests

--- Romanian truck drivers and regulators reached an agreement on Thursday to reduce planned insurance rates that truckers say would have crippled their industry, ending a day of nationwide protests... Augustin Hagiu, a transport protest leader, and the Financial Supervisory Authority said they agreed to cap annual rates at 7,500 lei ($1,900), a reduction of more than 40 percent from the previously planned hike... Hundreds of trucks, taxis and other commercial vehicles blocked a major square in Bucharest, the Romanian capital, for hours to protest the planned higher rates. Police reported traffic congestion around other Romanian cities as truck drivers drove slowly to protest against rates they said would be higher than in neighboring countries... About 400 protesters had parked their vehicles outside the government offices in Bucharest's central Victory Square, snarling traffic in the city. They honked their horns and yelled, "We won't leave!" ... 
 (AP Photo by Vadim Ghirda - A man rides a motorcycle by trucks and taxis parked in a main square during a protest in Bucharest, Romania, Thursday, Sept. 15, 2016. Trucks and other vehicles have blocked a major square and boulevard in the Romanian capital to protest planned new insurance rates they say are too expensive and police reported traffic congestion around Romania after truck drivers drove slowly in protest) -- Bucharest, Romania - AP/abc news — Sep 15, 2016

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