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Romania’s VAT Revenues Up 25% In First Month After VAT Hike – PM

12:05, 08 Sept. 2010
Romania’s value added tax revenues were up 25% in the month following the increase of the VAT level to 24% from 19%, compared to the average VAT revenues registered in the months preceding the fiscal measure, Prime Minister Emil Boc said Wednesday during a Government meeting.

Romania PM Says Govt Not In Favor Of Doubling Social Security Contributions For Copyright Income

11:18, 08 Sept. 2010
Romanian Prime Minister Emil Boc said in the Government meeting Wednesday that the Executive is not in favor of doubling social security contributions for people who gain income from copyright and asked Finance Minister Gheorghe Ialomitianu to consider this aspect.

Romanian Employers To Declare, Pay Social Security Contributions For Copyright Income – Draft

19:03, 07 Sept. 2010
Romanian employers will have to withhold, declare and calculate the pension insurance contribution and the contribution to the unemployment fund for their employees’ income from copyright, according to a draft government emergency ordinance.

Romanian Govt To Change Car Pollution Tax; Owners Of Old Cars Might Pay More – Minister

17:47, 07 Sept. 2010
Romanian Environment Minister Laszlo Borbely said Tuesday that the car pollution tax will be changed to the effect that owners of older cars, “which produce more pollution,” will have to pay a higher tax.

Romanian Opp Liberals To File Motion Against Labor Min Next Week, Motion On Health In Two Weeks

17:25, 07 Sept. 2010
Romania’ s opposition Liberal Party on Tuesday said the simple motion against the Labor Ministry will be submitted in the Chamber of Deputies next week and a motion on health will be submitted in about two weeks.

President Basescu Says Govt To Approve Extra RON8M Funds For Dam Works In NE Romania

16:51, 07 Sept. 2010
Romanian President Traian Basescu on Tuesday said the Government will approve, in its meeting Wednesday, additional funds of 8 million lei (EUR1=RON4.2915) for the construction of the dam over the Siret river, in the area of Saucesti commune, in Romanian northeastern county of Bacau.

Romania, Switzerland Sign EUR135M Cooperation Agreement

16:34, 07 Sept. 2010
Romania’s Government and the Swiss Federal Council signed Tuesday a frame agreement whereby Switzerland grants Romania EUR135 million (CHF181 million) in non-reimbursable funds to help reduce economic and social lags in the extended European Union, the Finance Ministry said in a statement Tuesday.

Romanian PM To Meet With Finance, Labor Ministers For Talks On Fiscal Code, Public Sector Wages

15:31, 07 Sept. 2010
Romanian Prime Minister Emil Boc on Tuesday called for a meeting with the ministers of Finance and Labor, regarding the ordinance amending the Fiscal Code, which will also be discussed with employers’ organizations, people close to the matter told MEDIAFAX.

Romanian Large, Medium Companies Required To File Fiscal Statements Online As Of Oct 25

15:12, 07 Sept. 2010
Romanian large and medium companies will be required to file their fiscal statements online as of October 25, while other taxpayers will have a choice between the traditional and online method of submitting tax documents, according to a draft decision by the National Fiscal Administration Agency.

Romania Fin Ministry To Refinance Local Debt Worth RON17B In 2011 – Survey

13:12, 07 Sept. 2010
Romania's Finance Ministry will have to refinance local debt worth 17 billion lei (EUR1=RON4.2915) in 2011, according to a survey from ING Bank released Tuesday.

Romanian Farmers Put Off Planned Protests Until Early Oct For Talks With New Minister

12:59, 07 Sept. 2010
Romanian farmers’ union federation Agrostar and the National Federation of Farm Producers (FNPAR) put off planned protests until early October in order to hold talks with the new Agriculture Minister Valeriu Tabara.

Romanian Senate Committee Rejects Draft Law On Fortune-Telling, Witchcraft

12:48, 07 Sept. 2010
The Romanian Senate’s committee for legal matters Tuesday rejected a draft normative act drawn up by several democrat liberal lawmakers, who proposed that fortune-telling and witchcraft should be included among freelance activities and taxed.

Social Democrats’ Motion On Agric Removed From Lower Chamber Agenda Amid Political Squabble

12:16, 07 Sept. 2010
The simple motion on agriculture submitted by Romania’s opposition Social Democratic Party on Tuesday was removed from the agenda of the Chamber of Deputies, after social democrats refused to read out the motion in the plenary meeting because of disputes with ruling democrat liberals.

Romania Mosquito-Borne West Nile Virus Infections Reach 20

12:07, 07 Sept. 2010
Romania has confirmed five new infections with the mosquito-borne West Nile virus, taking the total number of confirmed infections to 20 and no related deaths have been registered over the past week, the Health ministry said Tuesday.

Romanian President To Visit Northeastern Localities Affected By Flood This Summer

11:50, 07 Sept. 2010
Romanian President Traian Basescu on Tuesday will inspect works on the dams in the northeastern part of the country, which were destroyed by floods this summer, said the Presidential Administration's press bureau.

Romanian Employers See Hiring Frozen For Q4 2010 – Survey

11:07, 07 Sept. 2010
Employers in Romania forecast a balanced activity on the local labor market for the last quarter of the year but are less pessimistic than in the fourth quarter of 2009, according to a survey by human resources company Manpower.

Romania Scrapped 164,752 Cars Under 2010 Clunkers Program Until Sept 3

10:14, 07 Sept. 2010
Over 164,000 cars older than ten years were scrapped until September 3, 2010 within Romania's clunkers program, and the number of new cars bought within the program exceeded 38,000 units, of which 17,215 were made locally, Romanian Environment Ministry said in a press release Tuesday.

Romania Proprietatea Fund To Pay Dividends Of RON0.816 A Share For 08/09 Pfts

17:47, 06 Sept. 2010
Romanian investment fund Fondul Proprietatea will pay out a gross dividend of 0.816 lei (EUR1=RON4.2762) a share for the 2008 and 2009 profits, according to a shareholders’ decision Monday.

Romania, Bulgaria To Join Forces In Nabucco Project

17:36, 06 Sept. 2010
Officials in the Romanian and Bulgarian Economy Ministries decided to take a common position as regards the construction of Nabucco gas pipeline, which is a priority project for both countries.

Polish President Bronislaw Komorowski Might Visit Bucharest In 2010

16:43, 06 Sept. 2010
Polish President Bronislaw Komorowski might visit Romania’s capital Bucharest this year, according to talks held Monday, at the presidential Cotroceni palace, between Romanian President Traian Basescu and Polish Foreign Minister Radoslaw Sikorsk

Foreign Cos Planning To Build Pwr Units In Romania Ask For State Aid

16:27, 06 Sept. 2010
Several foreign companies interested to partner up with local firms in the construction of thermal power plants in Romania, asked for state aid the government cannot give, sources close to the matter told MEDIAFAX on Monday.

Romanian Opp Liberals To File Motion Against Labor Ministry Over Higher Taxes On Copyright Income

14:25, 06 Sept. 2010
Romania’s opposition Liberal Party will submit a simple motion against the measures recently taken by the Labor Ministry, which increase taxes for people who gain income from freelance activities, party head Crin Antonescu said Monday after the meeting of the party’s central political office.

Romanian Govt To Levy Tax On Employee Bonuses Higher Than RON150

14:06, 06 Sept. 2010
Bonuses paid by employers in Romania to their employees for Christmas, Easter or International Women’s Day (March 8), which exceed 150 lei (EUR1=RON4.2762) will be counted for the purposes of social security contributions, according to a draft Government Ordinance.

Around 40 Roma Protest Outside French Embassy In Bucharest Over Roma Expulsions

13:06, 06 Sept. 2010
Around 40 Roma people are protesting Monday in front of the French Embassy in Bucharest against France's recent "voluntary repatriations" of Roma ethnics.

Romania Should Consider A New Agreement With The IMF – President

11:35, 06 Sept. 2010
Romanian President Traian Basescu said Monday, during his meeting with IMF delegation chief Jeffrey Franks, that Romania should consider the adequacy of a new agreement with the IMF in October.

Romania’s July Net Salary Down 4.7% M-M To RON1,355

10:04, 06 Sept. 2010
net average salary was at 1,355 lei (EUR1=RON4.2796) in July, down 4.7% compared with the previous month, the National Institute for Statistics, or INS, said Monday.

Romanian Authorities To Set New Rules On Social Security Contributions For Copyright Income

21:52, 05 Sept. 2010
Romanians who gain income from copyright and civil conventions will have their statements on social security contributions filed by their employers, who will also transfer these contributions to the budget, Finance Minister Gheorghe Ialomitianu told newspaper Gandul Sunday.

Romanian Schools Lacking Sanitary Authorization Could Be Closed Down

15:28, 05 Sept. 2010
Romanian schools which don’t have sanitary authorization will be closed down if children enrolled in these educational institutions can be transported to other schools without difficulty, Education Minister Daniel Funeriu told a news conference on Sunday.

Romanian Govt Debates Draft Act Increasing Social Security Contribution Level For Freelancers

15:10, 04 Sept. 2010
A Romanian draft Government emergency decree, which almost doubles the level of social security contributions those who gain income from freelance activities must pay starting 2011, was debated in the Government, but no decisions were taken, Labor Minister Ioan Botis told MEDIAFAX Saturday.

IMF Worried About Romania’s Govt Arrears – IMF Official

14:39, 04 Sept. 2010
The International Monetary Fund is worried regarding Romania’s government arrears, which also affect the private sector and the country’s economy, Jeffrey Franks, IMF mission chief to Romania, said Saturday.

Romania Must Continue Public Sector Restructuring Process – IMF Official

13:43, 04 Sept. 2010
Romania must continue the process of restructuring its public sector in the upcoming years, so that, following reforms, the country's economy become more competitive and efficient, IMF mission chief Jeffrey Franks said Saturday.

Romanian Govt Reshuffling Won’t Affect Disbursement Of New Loan Installment – IMF Official

11:56, 04 Sept. 2010
The chief of the International Monetary Fund mission to Romania, Jeffrey Franks, said Saturday that the reshuffling of the Romanian Government will not affect the disbursement of a new loan installment to Romania and will not lead to higher financing costs.

Romanian Freelancers To Pay Over 25% Of Income For Social Security Contributions As Of 2011– Draft

20:29, 03 Sept. 2010
Romanians who gain income from freelance activities will pay, starting with 2011, social security contributions of at least 25.36% up to 35% of their income, nearly double from the current level of contributions, according to a draft government emergency decree.

New Romanian Econ Min Probed In Petrom Sibiu Case In 2003, Charges Dropped

17:35, 03 Sept. 2010
Romania’s new Economy Minister, Ion Ariton, was investigated in 2003 for actionable negligence and forgery by current Prosecutor General Codruta Kovesi, causing 700,000 lei (EUR1=RON4.2796) in damages to Petrom Sibiu, but the charges were dropped on lack of evidence.

Twelve Arrested In Bucharest Bogus Property Sales Case

16:40, 03 Sept. 2010
The Court of Appeals in Romania’s capital Bucharest ruled Friday in favor of placing twelve suspects in a real-estate fraud case under one-month preventive arrest, while three others have been banned from leaving town throughout the investigations.

Over 100,000 Unionists Plan To Sue Education Ministry Over 25% Cut In Vacation Bonuses

16:28, 03 Sept. 2010
Over 100,000 unionists with the Romanian Federation of Free Unions in Education (FSLI), which mainly represents teaching staff, plan to sue the Education Ministry, disgruntled with a 25% cut in vacation bonuses, the federation said in a press release Friday.

Romania’s New Econ Min Pledges To Keep The Govt Agenda On Track

15:45, 03 Sept. 2010
Romania’s new economy minister, Ion Ariton, said Friday in his first press conference as minister, that he will continue the programs started by the Government, with emphasis placed on “getting over this difficult period” of economic crisis.

Romania’s Fmr Agric Min Mihail Dumitru To Run Presidential Committee For Agric Development

13:58, 03 Sept. 2010
Romania’s former Agriculture Minister Mihail Dumitru on Friday was appointed head of the presidential committee of public policies for the development of agriculture in Romania, a press release reads Friday.

New Romanian Ministers Sworn In Before President

13:35, 03 Sept. 2010
Romania’s six new ministers were sworn in Friday before the President, with the heads of Parliament and the remaining members of the Cabinet in attendance.

Romania July Retail Sales Decline At Fastest Pace In EU

13:26, 03 Sept. 2010
Romanian July retail sales declined at the fastest pace in the EU, namely 10.5% on the month, while throughout the EU retail sales inched up 0.1% on the month, EU’s statistics agency Eurostat said Friday.