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Romania May Private Lending +1.2% On Month

11:32, 24 Iun. 2010
Romanian private lending rose 1.2% in real terms to 203.11 billion lei (EUR1=RON4.2234) in May from the month earlier, central bank data showed Thursday.

Romania’s Tax Evasion Decree Published In Official Journal, Enters Force

11:05, 24 Iun. 2010
Romania’s emergency decree aiming to fight tax evasion, which drops plans to apply VAT on intra-EU trade and reintroduce excises on luxury items, has entered force after it was approved by the Government and was published in the Official Journal.

Carrefour To Open 4th Supermarket In Romanian Capital

11:04, 24 Iun. 2010
Carrefour Romania, the local unit of French retailer Carrefour, Friday will open its fourth Carrefour Market supermarket in capital Bucharest, the company said in a statement.

Romania Scraps Proposed Anti-Tax Evasion Measures Under EU Infringement Threat

09:14, 24 Iun. 2010
Romania’s Government has scrapped plans to apply VAT on intra-EU trade and reintroduce excises on luxury items after the European Commission warned the measures breach EU rules and threatened infringement.

Romanian State Employees’ Wages Might Rise 7% In 2011 If 70,000 Are Laid Off – Fin Min

08:55, 24 Iun. 2010
Romanian Finance Minister Sebastian Vladescu said Wednesday that state employees’ wages might increase by an average 7% in 2011 if 70,000 people are laid off and the state continues to pay a 13th salary.

Pensions In 2011 Won’t Be Reduced Further Following This Year’s 15% Slash – Romanian Fin Min

19:53, 23 Iun. 2010
Romanian Finance Minister Sebastian Vladescu said Wednesday it is unlikely pensions will be further reduced in 2011, after this year’s 15% reduction, adding that the pension level in 2011 will be set through the budget law.

Two Romanian Soldiers Killed In Afghanistan

19:29, 23 Iun. 2010
Two Romanian troops were killed Wednesday in Afghanistan, after their Humvee was hit by a makeshift remotely detonated explosive device, Defense Ministry officials said.

Romanian Freelancers To Pay Social Security Contributions

18:34, 23 Iun. 2010
Romanians who gain income from freelance activities will pay a 16.5% social security contribution, as any other employee, but only for sums that amount to five average gross salaries per year, namely 10,000 lei (EUR1=RON4.2234), Finance Minister Sebastian Vladescu said Wednesday.

Romania Govt Ups State Cos’ Budget Contribution To 90% Of Tax On Profit

18:18, 23 Iun. 2010
Romania’s government Wednesday raised the amount state-run companies and self-managed boards are required to contribute from their profits to the state budget to 90% from 50% previously, Prime Minister Emil Boc said.

Storms, Floods Hit Romania -160 People Displaced, 3 Dead

17:04, 23 Iun. 2010
Romania’s General Inspectorate for Emergency Situations (IGSU) announced Wednesday that 95 towns and villages in 27 counties had been affected by storms and flooding between 6 a.m. Tuesday and 10 a.m. Wednesday, resulting in one death and the evacuation of at least 160 people.

Romania Govt OKs Tax Base Expansion As Of July 1

16:09, 23 Iun. 2010
Romania’s Government Wednesday approved an ordinance amending the Fiscal Code, introducing a series of additional taxes and duties to be levied as of July 1, people familiar with the matter told MEDIAFAX.

Romanian Parliament Adopts Reexamined Civil Servants Statute

16:09, 23 Iun. 2010
Romania’s Chamber of Deputies on Wednesday adopted the report drafted by the Chamber’s committee for legal matters, which reexamined the law on the statute of public servants and left out provisions declared unconstitutional by the Constitutional Court.

Romania’s National Defense Strategy Lists Media Pressure Among Weaknesses

15:32, 23 Iun. 2010
Romania’s National Defense Strategy, sent to the Parliament for debates and approval, states that Romania faces some weak points which affect the image of the country’s state institutions and hinder the enforcement of laws.

Romanian Liberals Submit Motion To Lower Chamber, Call For Transp Minister’s Resignation

14:54, 23 Iun. 2010
Romania’s opposition liberals on Wednesday submitted to the Chamber of Deputies a simple motion against democrat liberal Transport Minister Radu Berceanu, calling for his resignation.

Alpha Bank Romania Says New Deposit Protected Against Tax On Interest Income

13:53, 23 Iun. 2010
Alpha Bank Romania recently launched a new time deposit that would shelter clients from potential taxes levied on earnings from interests, the lender said in a statement.

Romanian Mobile Operators To Set Cut-Off Limit For Roaming Data Transfers As Of July 1

12:30, 23 Iun. 2010
Mobile operators will impose a cut-off limit for roaming services as of July 1 for clients who have not chosen a cut-off limit, Romania’s telecom regulator ANCOM said Wednesday.

Romania Parliament To Debate Country’s Defense Strategy In Fall Session

11:39, 23 Iun. 2010
Romania’s Chamber of Deputies and Senate on Wednesday decided the report on the country’s National Defense Strategy will be drafted until September 1 and lawmakers will set off debates on the report in the Parliament's fall session.

Romanian TV Station Owner, TV Producer Arrested For 29 Days

09:23, 23 Iun. 2010
Romanian television station owner Dan Diaconescu and his producer Doru Parv on Wednesday were placed into custody for 29 days, on charges of blackmailing and threatening a mayor.

Romania’s Lower Chamber Adopts Reexamined Integrity Agency Bill

18:43, 22 Iun. 2010
Romania’s integrity agency bill was adopted Tuesday through the definitive vote of the country’s Chamber of Deputies, after President Traian Basescu had resent the draft law to Parliament, following a Constitutional Court ruling.

Romanian Lower Chamber Adopts Civil Procedure Code, Criminal Procedure Code

18:17, 22 Iun. 2010
Romania’s Chamber of Deputies adopted Tuesday the draft Civil Procedure Code and Criminal Procedure Code, following an article-by-article vote.

Romania To Reduce Military Presence Abroad By 319 Troops In 2011

17:34, 22 Iun. 2010
Romania’s military presence in operation theaters abroad will be reduced by 319 troops in 2011, compared to 2010, according to a press release issued Tuesday after the meeting of the country’s Supreme Defense Council CSAT.

Romanian Freelance Taxi Drivers To Protest If Income Tax For Authorized Individuals Is Enforced

17:31, 22 Iun. 2010
Romanian freelance taxi drivers will stage a protest rally in July in capital Bucharest, should the Finance Ministry decide to increase taxes for authorized individual professionals, says a press release issued Tuesday by the association for freelance taxi drivers’ rights ADTI.

Ten Romanian Counties Affected By Recent Floods, Storms

16:52, 22 Iun. 2010
The floods and storms which have affected Romania during the past two days caused damage and casualties in 32 towns and villages in ten counties, Romania’s General Inspectorate for Emergencies, or IGSU, said Tuesday.

Romania’s Deputies Adopt Articles Of Law Allowing Govt To Issue Decrees During Parliament Recess

15:00, 22 Iun. 2010
Romania's Chamber of Deputies Tuesday adopted the articles of the draft law allowing the Government to issue decrees during the Parliament recess, in sectors stipulated in the country’s Constitution, including the budget revision field, and a final vote will be cast on Thursday.

Romania’s Lower Chamber Adopts Draft Civil Procedure Code By Articles, Final Vote Pending

14:14, 22 Iun. 2010
Romania’s lower chamber adopted Tuesday the draft Civil Procedure Code, following an article-by-article vote, and the definitive ballot on the matter will be cast Thursday.

Norway’s Statkraft Avoids Romania In Its Investment Projects

13:42, 22 Iun. 2010
Norwegian power producer Statkraft transferred investments projects worth up to EUR1.3 billion to emerging countries as Albania and Turkey, avoiding Romania due to its unfavorable political environment.

EXCLUSIVE: Swiss Federal Court’s Ruling In Romanian Striker Mutu’s Case Irrevocable

13:40, 22 Iun. 2010
The Swiss Federal Court’s decision whereby Romanian striker Adrian Mutu must pay EUR17 million damages to the Chelsea London football club is irrevocable, and an executory act was already issued, so that the club can start foreclosure procedures against the footballer to recover its money.

Romania Lower House Endorses Integrity Agency Bill, Final Vote To Be Held Thursday

12:48, 22 Iun. 2010
Romanian lawmakers in the Chamber of Deputies on Tuesday adopted all articles of the draft law regulating the functioning of the National Integrity Agency (ANI), which was reexamined at the request of President Traian Basescu.

Romanian Notaries To Lower Fees By 15% For Natl Housing Program Beneficiaries

12:31, 22 Iun. 2010
Romanian notaries public plan to lower their fees by 15%, after a 30% cut last year, for beneficiaries of a government-guaranteed home-buying program and forward their proposition to the justice minister.

Romanian Prosecutors Open Criminal Inquiry Against Nine People Accused Of Embezzlement

11:03, 22 Iun. 2010
Romanian organized crime prosecutors Tuesday started criminal investigations against nine people accused of having defrauded press distribution firm Rodipet of EUR35.5 million, after it was privatized.

Romanian State-Owned Postal Co Restructuring Doesn’t Entail Layoffs

10:51, 22 Iun. 2010
The restructuring strategy of Romania’s state owned postal company, which the Government approved last week, does not include any layoffs, the company said in a press release Tuesday.

Romanian TV Station Owner, TV Producer Detained For 24 Hours On Blackmail Charges

09:27, 22 Iun. 2010
Romanian anticorruption prosecutors Tuesday morning detained television station owner Dan Diaconescu and TV producer Doru Parv for 24 hours, after the two were charged with blackmail on Monday.

Romania’s Defense Council To Discuss National Defense Issues Tuesday

21:12, 21 Iun. 2010
Romania’s Supreme Defense Council CSAT will meet Tuesday at the presidential Cotroceni palace to discuss, among others, Romania’s national defense strategy, Romania’s military forces and means that can be provided for military missions abroad in 2011 and the situation in Afghanistan.

Romania Ranks 28th In Intl Retailers’ Preferences – Survey

21:07, 21 Iun. 2010
Romania dropped five positions this year and ranked 28th in a top of the 30 most attractive emerging countries for international retailers, according to a survey conducted by consultancy firm A.T. Kearney.

Romanian TV Station Owner Charged With Blackmail

20:38, 21 Iun. 2010
Romanian anticorruption prosecutors on Monday officially charged private television station owner Dan Diaconescu with blackmail in a corruption case opened in February 2010.

Chinese Constructor Hoyo Starts Tractor Production At Rasnov Plant, C Romania

16:22, 21 Iun. 2010
Chinese company Hoyo started the production of tractors at the plant in Rasnov, central Romania, and the first tractor output will be ready mid-July, Rasnov plant representative Denisa Vasilescu told MEDIAFAX Monday.

Romanian President Urges Senate To Pass Education Bill By Summer Recess

15:55, 21 Iun. 2010
Romanian President Traian Basescu on Monday sent a letter to Senate Chairman Mircea Geoana, urging the Senate to adopt the country’s new education law before the parliamentary recess.

Romanian Austerity Package Likely To Reopen IMF’s Cash Tap – Moody’s

15:47, 21 Iun. 2010
Romania’s fiscal and social austerity measures, while tough and unpopular, will ensure cash inflows of around EUR2 billion from the International Monetary Fund and the EU, further providing essential support for revitalizing the economy, Moody’s Investors Service said in a report Monday.

Romanian Govt, Central Bank To Discuss Economic Relaunch Measures Next Monday

15:17, 21 Iun. 2010
Romania’s Government will meet with central bank official next week on Monday to analyze a plan of measures aiming to restart the economy, Environment Minister Laszlo Borbely told a news conference Monday.

Romanian Environment Min To Resume Authorization Procedures For Gold Mining Investment

14:59, 21 Iun. 2010
Romania’s Environment and Forest Ministry will resume authorization procedures for investments in the Rosia Montana gold mining project in the western are of the country, Environment Minister Laszlo Borbely told a news conference Monday.