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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.

Romanian Prosecutors Start Criminal Investigations Against Neonatology Head In Maternity Fire Case

12:49, 03 Sept. 2010
Romanian prosecutors Friday started criminal investigations against neonatologist Adrian Ion Toma on charges of negligence, in the case involving a fire at the Bucharest Giulesti maternity hospital, which resulted in the death of five newborn infants and severe injury of six others.

Condition Of Newborns Injured In Bucharest Maternity Hospital Fire Unchanged

12:23, 03 Sept. 2010
The condition of the newborns injured in the August 16 fire in a Bucharest maternity hospital is unchanged from previous days, with one baby in critical state and the rest stable.

Romania Confirms 8 New Infections With Mosquito-Borne West Nile Virus

11:06, 03 Sept. 2010
Romania has confirmed eight new infections with the mosquito-borne West Nile virus, taking the total number of confirmed infections to 15, of which two elderly people died, the Health Ministry said Friday.

Romanian President Signs Decrees Appointing New Ministers

10:05, 03 Sept. 2010
Romanian President Traian Basescu Friday signed the decrees dismissing the economy, finance, labor, agriculture, communications and transport ministers, as well as the decrees appointing the ministers who will take their place.

Romanian PM Officially Announces Replacements For Shuffled Ministers

21:09, 02 Sept. 2010
Romanian Prime Minister Emil Boc on Thursday announced that ministers Adriean Videanu, Sebastian Vladescu, Mihai Seitan, Mihail Dumitru, Gabriel Sandu and Radu Berceanu would be replaced with Ion Ariton, Gheorghe Ialomitianu, Ioan-Nelu Botis, Valeriu Tabara, Valerian Vreme and Anca Boagiu.

Romanian Labor Min Mihai Seitan To Be Replaced

17:50, 02 Sept. 2010
Romanian Labor Minister Mihai Seitan said Thursday that Prime Minister Emil Boc informed him that he is among the ministers to be replaced, with a final decision expected later in the day.

Romanian Cos To Submit Fiscal Statements Online As Of Oct 1

17:48, 02 Sept. 2010
Romanian large and medium taxpayers will submit their fiscal statements online as of October 1, through the National Electronic System (SEN), the Ministry of Communications announced Thursday.

Romania August Tax Revenue Up 17% On Year To RON11B

16:26, 02 Sept. 2010
Romania’s fiscal authority ANAF collected total taxes worth 11.12 billion lei (EUR1=RON4.2616) in August, up 17.25% from August last year, on higher revenues from the value added tax.

Romania Rejects All Bids In 5-Yr Bonds Sale

15:40, 02 Sept. 2010
Romania’s Finance Ministry Thursday rejected for the second straight time all bids in a 300 million lei (EUR1=RON4.2616) five-year bonds auction, citing high yields.

Romanian PM Sacks Finance Minister Sebastian Vladescu

15:06, 02 Sept. 2010
Romanian Prime Minister Emil Boc on Thursday sacked Finance Minister Sebastian Vladescu, people close to the matter told MEDIAFAX.

EXCLUSIVE: Romanian Agriculture Minister Mihail Dumitru To Be Replaced

14:50, 02 Sept. 2010
Romanian Agriculture Minister Mihail Dumitru told MEDIAFAX on Thursday that he was invited by Prime Minister Emil Boc to the Government’s headquarters and informed he is among the ministers to be replaced.

Romanian President, PM Meet For Talks After Democrat Liberal MPs Vote To Reshuffle Govt

14:37, 02 Sept. 2010
Romanian President Traian Basescu and Prime Minister Emil Boc Thursday morning met for talks at the president’s residence in capital Bucharest, people close to the matter told MEDIAFAX.

Romania Must Invest In Transport Infrastructure To Become CEE Logistics Center – Pwc

13:52, 02 Sept. 2010
Romania must allot consistent amounts of money to develop transport infrastructure, despite budgetary constraints, so that it can take advantage of its natural potential to become a logistics center of Central and Eastern Europe, PricewaterhouseCoopers Romania said in a press release Thursday.

Romania 2Q GDP Growth Among Smallest In EU

13:17, 02 Sept. 2010
Romania's economy grew at one of the slowest paces in the European Union in the second quarter, below the European Union’s average growth of 1%, official data showed Thursday.

Hundreds Of Farmers Protest Across Romania Calling For State Support For Agriculture

12:29, 02 Sept. 2010
Several hundred farmers formed picket lines at prefects’ offices in towns across Romania, demanding the resignation of Agriculture Minister Mihail Dumitru and increased state support for agriculture, forestry and animal husbandry.

Romanian 2Q ‘10 Finalized Dwellings Dn By 2,217 To 10,689 Units

10:45, 02 Sept. 2010
The number of residential constructions finalized in the second quarter of 2010 declined by 2,217 units compared with the same interval a year earlier, to 10,689 units, the National Statistical Institute, or INS, said Thursday.