English

Romanian PM Calls For Shared Responsibility In Absorbing EU Funds

15:07, 04 Feb. 2011
Romanian’s Prime Minister Emil Boc said Friday the Government and the business environment must share responsibility concerning the absorption of European funds.

ING Says Inflation Could Top 6% End-December

14:30, 04 Feb. 2011
Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday.

Most Romanian Insurers Unable To Cope Financially With Strong Earthquake

14:22, 04 Feb. 2011
Most insurers on the Romanian market are not prepared financially for a new earthquake like the one in Bucharest in 1977, mainly because of the lack of reinsurance, said Cristian Constantinescu, president of the National Union of Romanian Insurance and Reinsurance Companies (UNSAR).

Romania’s December Net Salary Up 8.6% M-M At RON1,496

10:53, 04 Feb. 2011
Romania’s net average salary in December was at 1,496 lei (EUR1=RON4.2609), up 8.6% compared with the previous month, due to granting of bonuses, for vacations or the winter holidays, production increases, and to returning from furlough, the country's statistics institute said Friday.

Medical Services Requested By Patient Not Covered By Insurance – Draft

20:32, 03 Feb. 2011
Romanians insured through the public healthcare system will have to pay out of pocket for medical services they request themselves, as doctors will not be allowed to write notes or prescriptions for free/discounted medicine in such instances.

Romanian Opp Parties Come Together In „Social-Liberal Union” – Sources

18:53, 03 Feb. 2011
The leaders of Romania's Social Democratic Party (PSD), Liberal Party (PNL) and Conservative Party (PC) have decided that the alliance of the three parties will be called the Social-Liberal Union, people close to the matter told MEDIAFAX.

Transylvania Highway Construction Work To Continue In 2011 – Romanian PM

17:28, 03 Feb. 2011
Romanian Prime Minister Emil Boc said Thursday that construction work on the Transylvania Highway will continue this year on two sectors, namely Gilau-Nadaselu and Suplacu de Barcau.

Romanian Govt “Firmly” Rejects Immediate Gas Price Deregulation

15:55, 03 Feb. 2011
The Romanian Government “firmly” rejects the liberalization of gas prices at this time, since this is a measure to be implemented gradually, Thursday said Karoly Borbely, secretary of state within the Economy Ministry.

Romanian Finance Ministry To Reduce Paperwork Filed By Small Businesses

14:40, 03 Feb. 2011
Romania's Ministry of Public Finance plans to reduce the paperwork required from small enterprises and allow them more time to file tax statements, state secretary Dan Lazar said Thursday in a seminar hosted by daily paper Ziarul Financiar.

Monitored Romanian Cos’ Budget Debts Up 34% In 2010, At RON6.86B

14:38, 03 Feb. 2011
The debts to the state budget of the Romanian state-run companies monitored by the International Monetary Fund rose 34% in 2010, at 6.86 billion lei (EUR1=RON4.2609), with the highest debtor remaining hard coal mining company CNH, followed by railway company CFR.

WB To Lend Romania EUR750M For Healthcare, Social Assistance Reform

14:32, 03 Feb. 2011
The World Bank will grant Romania a EUR750 million loan for two projects aimed to reform the healthcare and social assistance sectors.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

13:28, 03 Feb. 2011
Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the sixth consecutive time as it continues to battle a high inflation.

Romanian President To Attend European Council Meeting Friday

13:25, 03 Feb. 2011
Romanian President Traian Basescu on Friday will participate in the meeting of the European Council in Brussels, the Presidency said in a press release Thursday.

WB Unlikely To Revise Romania 2011 GDP Forecast After Review Mission

13:23, 03 Feb. 2011
The conclusion of the World Bank’s review mission on Romanian economic and fiscal progress under a EUR20 billion international bailout will not prompt a revision of the country’s growth forecast for 2011, an official of the World Bank said Thursday.

Romania Dec ’10 Retail Sales Fall At Fastest Pace In EU

13:21, 03 Feb. 2011
Romanian retail sales fell 9.4% on the year in December 2010, the largest decline in the European Union, official data showed Thursday.

VAT Cut Not An Option For Romania – Fin Min Off

12:03, 03 Feb. 2011
Reducing the value added tax is not a good solution for Romania, as it will not lower prices, but it will have a negative effect on the predictability of the fiscal framework, Finance Ministry state secretary Dan Lazar said Thursday.

Tourist Arrivals In Romania Fall 0.7% In 2010

10:13, 03 Feb. 2011
The number of tourists entering Romania was 0.7% lower in 2010 compared with a year before, while the number of tourists accommodated was down 7.1%, the National Statistical Institute, or INS, said Thursday.

Romanian Govt Cannot Decide Gas Prices – PM

20:16, 02 Feb. 2011
Romania’s Government can't set prices of natural gas, given that energy regulator ANRE is an independent institution, but it can only interfere in abuse cases by indirect checkups, Prime Minister Emil Boc said Wednesday.

Romanian Govt Approves Micro-Business Start-Up Aid Act

19:00, 02 Feb. 2011
Romanians younger than 35 will be eligible for up to EUR10,000 as non-refundable financing to start their own micro-company, as long as they hire at least two employees and reinvest 50% of their profit every year, as per an emergency ordinance approved by the Government on Wednesday.

Romania Ranks 7th In EU By Installed Wind Farm Capacity In 2010

16:33, 02 Feb. 2011
Romania posted the seventh growth in installed wind power capacity among the European Union member states in 2010, namely a 448-megawatt increase to a total of 462 MW, according to a report of the European wind energy association EWEA.

Apartment Prices In Romania’s Main Cities +2.5% MM In Jan – Survey

15:18, 02 Feb. 2011
The sale price of apartments in Romania’s seven largest cities increased by up to 2.5% on the month in January, as owners’ optimism was fueled by the rising interest of potential buyers, according to a survey of property website imobiliare.ro.

Romanian Senate Committees OK Bill To Change The Term ‘Roma’ To ‘Gypsy’

13:36, 02 Feb. 2011
The Romanian Senate’s committees for human rights and equal opportunities endorsed Wednesday a bill initiated by democrat liberal lawmaker Silviu Prigoana proposing to replace the term “Roma” with “gypsy”.

PwC: Romanian New Employments Down 75% YY In ’09

17:53, 01 Feb. 2011
The rate of new employments in Romanian companies dropped by 75% on the year in 2009, because of the economic crisis, while dismissals septupled, according to a survey by consultancy firm PricewaterhouseCoopers.

Romanian Dacia Car Registrations In France Up 2.5% In Jan, To 7,749 Units

16:58, 01 Feb. 2011
Registrations of Romanian Dacia cars in France increased by 2.5% in January 2011 compared to the same month last year, to 7,749 units, and the overall French car market climbed 8.2%.

Over 180 Romanian Healthcare Units To Be Reorganized

14:24, 01 Feb. 2011
Romania’s Health Minister Attila Cseke told a news conference Tuesday that 111 healthcare units of the 435 hospitals administered by the ministry and local authorities will merge and 71 will become nursing homes or permanent assistance units.

Romania Forex Reserves Rise To EUR32.7B In January

14:03, 01 Feb. 2011
Romanian foreign exchange reserves rose to EUR32.69 billion in January, after the International Monetary Fund released a seventh installment of a EUR13 billion stand-by loan, central bank data showed Tuesday.

Romania To Spend Max EUR4M To Advertise Tourism On Foreign TV Channels

13:49, 01 Feb. 2011
Romania's Ministry of Regional Development and Tourism is looking to spend up to EUR4 million, without VAT, to advertise the national tourist brand on foreign TV channels.

IMF Asks Romania To Liberalize Gas, Pwr Production Prices

12:51, 01 Feb. 2011
The International Monetary Fund asked Romania to discard regulated prices for the production of electricity and natural gas and to draw up a new calculation formula in this respect.

Bucharest Apartment Sale Price Falls Up To 20% YY In Jan

12:02, 01 Feb. 2011
The average sale price of apartments in Romania’s capital city Bucharest dropped by 12% to 20% in January compared with the same period of 2010, with the highest fall recorded for 4-room flats, according to a survey of AnunturiParticulari.ro real estate website.

Romanian Insurance Mkt Seen Declining At Least 5% This Year

11:42, 01 Feb. 2011
The Romanian insurance market will decline at least 5% this year, in an optimistic scenario, as the number of civil liability car insurance policies and their prices will drop 20%, said Tuesday Cristian Constantinescu, head of the Romanian union of insurance and reinsurance companies.

Romanian PM Says Investments, Revised Constitution, New Labor Laws Are Govt’s Priorities

09:53, 01 Feb. 2011
Romanian Prime Minister Emil Boc said Monday evening investments, revising the Constitution and improved labor legislation are the Government’s priorities this year, adding austerity measures are expected to yield results in 2011.

Romanian Pharmacies May Issue Algocalmin Without Prescription Until April 1

19:45, 31 Ian. 2011
Romanian pharmacies may issue algocalmin and other drugs containing metamizole without prescription only until April 1, although some producers are authorized to sell these products as prescription-only as of February.

Romanian Gendarmerie To Purchase Riot Control Gear For RON42M

18:46, 31 Ian. 2011
The Romanian Gendarmerie has announced its intention to purchase "riot repression equipment," including protective helmets, pepper spray, submachine guns, rifles, smoke grenades, tear gas grenades and others, for an estimated 42 million lei (EUR1=RON4.2549).

No Flu Epidemic In Romania – Health Ministry

14:51, 31 Ian. 2011
Health Ministry specialists have announced that there is no influenza epidemic in Romania, but they have provided the national healthcare network with a series of recommendations.

Romania Complied With IMF Requirements In ’10 – Fin Min

12:13, 31 Ian. 2011
Romanian Finance Minister Gheorghe Ialomitianu on Monday said the International Monetary Fund and the European Commission appreciated Romania’s results under the stand by agreement, adding value added tax revenue covered arrears and kept the budget deficit within agreed margins.

Romanian Parliamentary Groups To Meet Monday Before Start Of Parliament Session

19:51, 30 Ian. 2011
Romanian parliamentary groups will convene Monday, a day before the start of the Parliament’s 2011 first ordinary session, for talks on legislative issues and political strategies.

Romanian Govt To Spend RON1.2M On Poll, Interviewees To Receive RON15 Each

19:34, 28 Ian. 2011
Romania's Government will spend around 1.2 million lei (EUR1=RON4.2571), without VAT, to carry out a national survey on around 15,000 people, who will be given RON15 each and asked for their opinion on the Executive's policies, the effects of the crisis and their standard of living.

Only 4.2% Of Romanians With Disabilities Have Job – Study

15:46, 28 Ian. 2011
Only 4.2% of Romanians with disabilities have a job, which places Romania on the last position in the European Union, according to a report presented Friday.

Romanian Leu Up Vs Euro, Exch Rate At 4.2571

13:50, 28 Ian. 2011
Romania’s leu strengthened against the euro in mid trade Friday, fueled by higher volumes, and the central bank’s reference gained over 0.2% on the day at 4.271 units, from 4.2675 units Thursday.

Technical Report On Romania’s Schengen Accession Adopted

13:49, 28 Ian. 2011
The Schengen Area evaluation group (Sch-Eval) on Friday adopted the technical report on Romania’s Schengen accession, people close to the matter told MEDIAFAX.