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Romanian President Promulgates Amended Law On Statute Of Public Servants

16:10, 06 Iul. 2010
Romanian President Traian Basescu signed Tuesday the decree promulgating the amended Law on the Statute of public servants, after the Constitutional Court ruled in April that several of its articles were unconstitutional.

Romanian BCR Seeks To Boost EU Funded Proj Co-Financing By 20%

15:55, 06 Iul. 2010
Romanian BCR intends to raise by 20% this year the co-financing granted to EU-funded projects, a bank official said Tuesday.

Romania Fin Ministry: 16% Bank Tax Targets Income After July 1

14:33, 06 Iul. 2010
Revenues obtained before July 1 from bank deposits will not be taxed with 16% under the new fiscal measures, only the income obtained after July 1, according to the Romanian Finance Ministry.

EU Commissioner For Humanitarian Aid To Visit Romania, Three More Members Offer Flood Relief

14:27, 06 Iul. 2010
Kristalina Georgieva, the European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, will visit Romania on Friday, as three other states – Bulgaria, Hungary and Poland – offer to help Romania with the floods in its northeastern region.

Romania 2010 Inflation Unlikely To Exceed 6% After Tax Hike – BRD

13:42, 06 Iul. 2010
Romania’s decision to increase the value added tax level is unlikely to drive up inflation above 6% this year, an official at the country’s second biggest lender BRD-Group Societe Generale (BRD.RO) said Tuesday.

Romanian Leu Gains Vs Euro, Exch Rate At 4.2393

13:32, 06 Iul. 2010
Romania’s leu continued to firm against the euro in mid trade Tuesday, amid low volumes, and the exchange rate gained 0.5% on the day at 4.2393 units.

Romanian Norms For Tax On Interest Income May Be Issued This Week

13:05, 06 Iul. 2010
Romanian applicability norms for a planned 16% tax on earnings from loan interests are likely to be published by weekend, the head of the Romanian Banks Association (ARB) said Tuesday.

Romania Asks EC For Derogation To Apply Reverse Taxation On Intra-EU Trade

13:01, 06 Iul. 2010
Romania requested derogation from EU regulations to apply reverse taxation on intra-community trade with cereals, fruit, vegetables, meat, sugar and bread, and an answer on this matter is expected to be conveyed by the Council of the European Union.

Maximum Flood Alert Extended Until Wednesday Afternoon For E Romania Riversflood a

12:54, 06 Iul. 2010
Romanian authorities have extended the code red flood alert, the highest alert level, for rivers Siret and Prut in the eastern part of the country, which has already been severely hit by floods.

Over 68% Of Retailers In Romania Up Prices Following VAT Hike – Survey

12:03, 06 Iul. 2010
Over 68% of retailers in Romania have decided to increase prices following the Government’s decision to raise the value added tax to 24% from 19%, while only 31.71% said they are keeping prices unchanged, according to a survey released Tuesday.

Danube Waters To Hit Maximum Level In Galati, SE Romania, On Friday

11:56, 06 Iul. 2010
The Danube River Tuesday will exceed the 2006 historical water level in the Romanian southeastern cities of Braila, Galati and Fetesti, and the river’s flow will hit maximum values Friday in Galati, where the water level is expected to reach 687 centimeters.

Romanian Banks See Foreclosure As Loss, Seek Dialogue

11:56, 06 Iul. 2010
Romanian banks cannot sell assets seized in foreclosures because there is no demand, the banks' association ARB president Radu Ghetea said Tuesday.

Romania To Meet 1H Budget Deficit Target

11:40, 06 Iul. 2010
Romania has met the budget deficit target agreed with the International Monetary Fund for the first half of the year, Finance Ministry state secretary Bogdan Dragoi said Tuesday.

Many Romanian Cos Struggle Despite Loan Restructuring – CEC Bank

11:12, 06 Iul. 2010
One quarter of Romanian companies with loans restructured by lender CEC Bank still fail to make payments, the bank's president Radu Ghetea said Tuesday.

Romanian Food Prices To Rise By About 8% After Floods– Union Leader

10:51, 06 Iul. 2010
Food prices in Romania will increase by up to 8% in the upcoming weeks following recent rainfall and floods, which damaged hundreds of hectares on farmland, agriculture union federation AGROSTAR president Niculae Stefan said in a press release.

Twelve Dead, Two Severely Injured In Plane Crash In SE Romania

09:09, 06 Iul. 2010
Twelve people died and two were severely injured Monday evening in a plane crash in Tuzla, in southeastern Romanian county of Constanta.

Eleven Dead, Three Severely Injured In Plane Crash In SE Romania

20:05, 05 Iul. 2010
Eleven people died and three were severely injured Monday evening in a plane crash in Tuzla, in southeastern Romanian county of Constanta.

IMF To Visit Romania July 26 – August 4

18:31, 05 Iul. 2010
The International Monetary Fund will send a mission to Romania between July 26 and August 4 for the fifth review of the country’s EUR13 billion loan agreement signed last year, the IMF said in a statement Monday.

Romanian Rompetrol Cuts Pump Prices By Up To RON0.9/Liter

17:55, 05 Iul. 2010
Romanian fuel retailer Rompetrol Downstream reduced Monday its gasoline and diesel oil pump prices by 0.5-0.9 lei (EUR1=RON4.2613), depending on the type of fuel, the company announced.

Romania Ctrl Bk Considers New Restrictions To Curb FX Loans

15:57, 05 Iul. 2010
Romania’s central bank could introduce new measures designed to discourage foreign currency lending and limit risk exposure, governor Mugur Isarescu said Monday.

Romania Jobless Rate Kept Downward Trend In June, For Third Consecutive Month – Labor Min

15:49, 05 Iul. 2010
Romania’s unemployment rate fell for the third consecutive month in June, said Labor Minister Mihai Seitan on Monday, declining, however, to mention the exact value of the rate.

PM Arrives In Flood-Hit Galati In Eastern Romania To Check Dam Building Works

15:44, 05 Iul. 2010
Romanian Prime Minister Emil Boc arrived Monday afternoon in the flood-hit eastern Romanian city of Galati to supervise works on a makeshift dam to protect the city against potential upcoming floods.

About 40% Of Romanians Meet Difficulties In Paying Loan Installments – Poll

14:36, 05 Iul. 2010
About 40% of the Romanians who took a bank loan encounter problems in paying their installments and 13% of them have overdue payments, according to a survey conducted for the World Bank by the Romanian Academy’s Institute for World Economics.

Romanian Govt To Keep Taxes On Multiple Homes, Large Cars At New Level In 2011

14:20, 05 Iul. 2010
Romania’s Government intends to keep the taxes hiked on July 1, levied on cars with engines larger than 2,000 cc and on owners of multiple homes, at their new level in 2011 as well, eyeing around 500 million lei (EUR1=RON4.2613) in revenue.

Romania Central Bank Says Inflation May Rise To 8% In 2010

13:49, 05 Iul. 2010
Romanian inflation may accelerate to around 8% this year, driven by a recent increase in the value added tax level, central bank governor Mugur Isarescu said Monday.

Over Two Thirds Of Romanians Could Cope With 25% Wage Cut For Three Months Tops

13:34, 05 Iul. 2010
Over two thirds of Romanian say they could deal with a 25% wage cut for three months at most, considering 75% of people’s savings consist of two months’ salary at most, according to a survey conducted for the World Bank by the Romanian Academy’s Institute for World Economics.

Romanian Housing Prices Fall 5.3% During 1H – Survey

13:28, 05 Iul. 2010
Asking prices for housing in Romania’s largest cities dropped by an average 5.3% in the first half of this year compared to the end of 2009, according to data from property website imobiliare.ro.

Romania Leu Up Vs Euro, Exch Rate At 4.2613

13:23, 05 Iul. 2010
Romania’s leu extended early winnings against the euro in mid trade Monday, and the exchange rate strengthened over 1% on the day at 4.2613 units.

Over 60% Of Romanians Spend All Their Money From One Salary To The Next – Survey

13:13, 05 Iul. 2010
Over 60% of Romanians spend all their money from one monthly salary to the next all the time or very often and 65% of the country’s population aged over 16 has trouble paying for every day needs, said Monday Manuela Stanculescu, researcher with the Romanian Academy’s Quality of Life Research Institute.

Romania Ctrl Bank Sees Inflation Up By 4 Pps After Sales Tax Hike

13:10, 05 Iul. 2010
Romanian central bank estimates the recent increase in the value added tax rate will drive inflation up by three to four percentage points over the next period, deputy governor Cristian Popa said Monday.

Romanian President Supervises Army Works On Temporary Bridge In NE Romania

12:34, 05 Iul. 2010
Romanian President Traian Basescu arrived Monday around noon in Dornesti, in the flood-hit northern Romanian Suceava county, to supervise works on a bridge over the local river built by the army.

Romanian Govt To Evaluate Flood Damage, Access EU Solidarity Fund By July 15

12:12, 05 Iul. 2010
Romania’s Government will evaluate the damage caused by the floods and will submit the relevant documents to access the European Union’s Solidarity Fund by July 15 at the latest, Prime Minister Emil Boc announced Monday.

Number Of Tourists Entering Romania In May Down 0.1% YY

11:29, 05 Iul. 2010
The number of tourists entering Romania was 0.1% lower in May compared with the same month a year before, while the number of tourists accommodated was up 1.3% on the year, the National Institute For Statistics, or INS, said Monday.

Romanian Fmr General Chitac Returns To Jilava Prison Hospital, Surgery Postponed

10:30, 05 Iul. 2010
Romanian former General Mihai Chitac has returned to the Jilava Penitentiary’s hospital, after being released two months ago to undergo heart surgery, which could not be carried out because of its high risks.

Romania’s May Net Salary Down 0.6% M-M To RON1,428

10:06, 05 Iul. 2010
Romania’s net average salary in May was at 1,428 lei (EUR1=RON4.3048), down 0.6% compared with the previous month, the National Institute for Statistics, or INS, said Monday.

Romanian Govt To Discourage House-Building In Floodable Areas – PM

19:57, 04 Iul. 2010
Romanian Prime Minister Emil Boc said Sunday, during a visit to the severely flood-hit northeastern county of Suceava that the Government does not encourage the building of houses in areas at risk of floods.

Romania Activates EU Civil Protection Mechanism, Four EU Members Offer Aid

19:53, 04 Iul. 2010
Romania activated Friday the EU’s Civil Protection Mechanism, and, within hours, it received offers for assistance from Belgium, Austria, France and Estonia, says a press release issued Sunday by the European Commission.

Romanian President Returns To Flood-Hit NE Romania

19:50, 04 Iul. 2010
Romanian President Traian Basescu returned Sunday to the heavily flood-hit village of Saucesti, in northeastern Bacau county, which he previously visited Saturday.

Romania To Maintain IMF-Agreed 6.8% Deficit Target After Floods – PM

16:25, 04 Iul. 2010
Romania’s Prime Minister Emil Boc said Sunday, during a visit to a severely flood-hit village in northeastern Suceava county, no discussions have been held with the IMF regarding a higher deficit target.

Romania Must File For EU Solidarity Fund Aid In No More Than 10 Weeks From June 23 – PM

15:58, 04 Iul. 2010
Romanian Prime Minister Emil Boc said Sunday, during a visit to a severely flood-hit village in northeastern Suceava county, that the financial aid request for the European Union’s Solidarity Fund must be submitted in no more than ten weeks from the beginning of the floods.