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Romania’s Parliament Adopts Revised Version Of Integrity Agency Bill

14:45, 30 Iun. 2010
Romania’s Senate Wednesday adopted with 115 votes and two abstentions the revised version of the draft law regulating the activity of the country’s National Integrity Agency (ANI).

Romania’s Rompetrol, Petrom Shuts Down Pump Stations Wed Night For VAT Change

14:45, 30 Iun. 2010
The Romanian gas stations of oil companies Rompetrol and OMV Petrom will be shut down for one hour on Wednesday night, to operate the legislative changes on increasing the value added tax to 24%.

Railway Traffic Routes Closed Tuesday In N, E, C And W Romania Over Floods

14:37, 30 Iun. 2010
Railway traffic on several routes in northern, eastern, central and western Romania because of floods, while some sections have been imposed speed restrictions and traffic has been resumed in areas where flood waters have retreated, passenger rail company CFR said in a press release Tuesday.

Romania Leu’s Exch Rate Drops To New Record Low Vs Euro At 4.3688

13:37, 30 Iun. 2010
Romanian leu’s exchange rate fell to a historic low against the euro for the third consecutive session on Wednesday, despite a slight appreciation in market trading.

Romania Supreme Court Allows Omar Hayssam’s Criminal Associates To Leave Country

13:02, 30 Iun. 2010
Romania’s Supreme Court Tuesday evening ruled that Omar Mukhles and Omar Mahmoud, brothers of Syrian terrorism convict Omar Hayssam, as well as Mustafa Tartoussi, owner of Iman T cargo ship Hayssam allegedly used to flee Romania, are free to leave the country.

Romanian Mobile Operators Cosmote, Telemobil, RCS&RDS To Reduce Interconnection Fees As Of July 1

13:01, 30 Iun. 2010
Romania’s National Authority for Communications Administration and Regulation (ANCOM) announced Wednesday it will implement the last stage in the process to reduce the inter-connection fees charged by mobile operators Cosmote, Telemobil and RCS&RDS as of July 1.

AmCham Romania Asks Authorities To Reconsider VAT Hike

12:45, 30 Iun. 2010
The American Chamber of Commerce in Romania, or AmCham, recommends that local authorities reconsider their decision to hike the value added tax, according to a press release issued Wednesday.

ING: Serious Flooding In Romania Likely To Impact Inflation, GDP

12:28, 30 Iun. 2010
The serious flooding in Romania, which killed 20 people so far and is expected to halve the wheat output, is likely to put inflationary pressure on the country’s economy and negatively affect the gross domestic product, ING said in a report Wednesday.

Cigarette Prices In Romania Go Up By RON1/Pack On Avg As Of Thursday

11:52, 30 Iun. 2010
Cigarette prices in Romania will rise by an average 1 leu (EUR1=RON4.3523) per pack as of Thursday, July 1, following the country’s decision to hike its sales tax and up guarantees for fiscal storage, JTI Romania corporate affairs manager Gilda Lazar told MEDIAFAX Wednesday.

Nineteen Dead, Four Missing, Thousands Evacuated In Romanian Flood-Hit Areas

10:30, 30 Iun. 2010
Nineteen people have died, four have been reported missing and over 11,000 were evacuated from homes in northern, northeastern and part of central regions in Romania, which have been severely affected by floods.

Romanian Mayor Wins Trial Against Integrity Agency

10:05, 30 Iun. 2010
Romanian social democrat Radu Mazare, mayor of the southeastern city of Constanta, has won a trial against the country’s National Integrity Agency, a governmental anticorruption body, which had accused Mazare of being incompatible with public office.

Romanian President Promulgates Amended Austerity Laws

20:54, 29 Iun. 2010
Romanian President Traian Basescu promulgated Tuesday the two austerity laws, which were forwarded to him after the Parliament eliminated the articles that stipulated pension cuts, recently declared unconstitutional by the country’s Constitutional Court.

IMF Welcomes Romania’s Quick Response To Court Ruling

18:07, 29 Iun. 2010
The International Monetary Fund Tuesday applauded the Romanian government for quickly identifying compensatory measures after the country’s highest court rejected part of an austerity plan to cut the budget deficit.

Flood Victims’ Families To Receive Govt Aid – Romanian PM

17:08, 29 Iun. 2010
The families of those killed in the recent floods in Romania will receive 5,000 lei (EUR1=RON4.3523) each, Prime Minister Emil Boc said Tuesday, during a visit to a severely flood-affected village in Suceava county, northeastern Romania.

Unclear Procedures, Red Tape, Refund Delays Hinder Romania’s EU Funds Absorption

17:08, 29 Iun. 2010
Unclear procedures, excessive red tape, petty pre-financing, huge delays in reimbursements and beneficiaries’ complaints, are the main factors leading to a low absorption rate of European Union Funds in Romania, Oana Preda, head of the Resource Center for Public Participation, said Tuesday.

Economic Crisis Justifies Postponing Payment Of Court-Won Wage Rights – Romanian Constitutional Court

16:26, 29 Iun. 2010
Romania’s Constitutional Court issued Tuesday the argument behind a previous ruling, which says that the current state of the country’s economy justifies the postponement of disbursing wage rights won in court by public sector employees.

Romania’s 2010 Wheat Output Nearly Compromised By Heavy Rainfall

16:11, 29 Iun. 2010
Romania’s wheat output will drop to less than half the output forecast at the beginning of the year because of heavy rainfall during the past weeks, which has compromised crops, Nicolae Sitaru, head of Farmers’ League (LAPAR), told MEDIAFAX Tuesday.

Romania May Ask IMF For New Waiver On Govt Arrears At Next Review

15:23, 29 Iun. 2010
Romania hasn’t met the first half-year performance criteria in the sector of general government arrears and it could ask the International Monetary Fund for a new waiver of non-observance, Finance Minister Sebastian Vladescu said Tuesday.

Romanian Govt To Discuss Flood Relief Measures Wednesday – Deputy PM

15:02, 29 Iun. 2010
Romania’s Government will discuss flood relief measures Wednesday, with a focus on preventing further casualties and protecting the inhabitants of towns and villages currently at risk, Deputy Prime Minister Marko Bela said Tuesday.

Romania Fin Min Says Flat Tax Up For Revision At 2011 Budget

14:27, 29 Iun. 2010
Romania’s 16% flat tax level could be revised at the 2011 budget, Finance Minister Sebastian Vladescu said Tuesday, adding that a progressive taxation on income may be introduced as of next year as well.

Romanian Carmaker Dacia Made 300,000 Logan MCVs In 4 Yrs

14:26, 29 Iun. 2010
Romanian carmaker Dacia has produced 300,000 Logan MCV station wagons since the model’s 2006 launch, as the high sales figures achieved on external markets warranted increased production numbers, says a press release issued Tuesday by the company.

Floods Disturb Railway Traffic In NE Romania

14:24, 29 Iun. 2010
Railway traffic on four routes linking several localities in the northeastern part of Romania was halted due to floods which hit the country over the past 24 hours, passenger railway company CFR.SA said Tuesday.

Authorities Order Evacuation Of Villages Along Siret River, NE Romania

13:57, 29 Iun. 2010
Sorin Popescu, prefect of the northern Romanian county of Suceava, ordered Tuesday the evacuation of all villages located along the river Siret, which is overflowing.

ING Sees Romania’s Leu Trading At 4.3/Euro In Q3

13:45, 29 Iun. 2010
Romania’s leu is likely to trade around 4.3 units per euro during the third quarter, while the exchange rate is not expected to jump over 4.4/4.5 per euro, ING Bank said in a report Tuesday.

Romania Leu’s Exch Rate Hits Fresh Record Lows Vs Euro, Greenback

13:33, 29 Iun. 2010
Romania’s leu recouped part of its early losses versus the euro in mid trade Tuesday, but the exchange rate sank to new historic lows against both the euro and the greenback.

Romania Dropped Intra-EU Trade VAT Lest It Should Endanger EU Loan Tranche – Fin Min

13:32, 29 Iun. 2010
Romania quit plans to apply VAT on intra-EU trade, as the European Commission warned authorities the country might put on the line the new loan installment to be disbursed by the European Union in September, Finance Minister Sebastian Vladescu said Tuesday.

IMF To Decide On EUR850M Loan Tranche For Romania Friday

12:43, 29 Iun. 2010
The International Monetary Fund’s board will convene on July 2 to review Romania’s progress under a EUR13 billion loan agreement and decide on whether to disburse a new tranche to the country, Finance Minister Sebastian Vladescu said Tuesday.

Econ Crisis Shouldn’t Block State Cos’ Stock Mkt Listing – BVB Head

12:37, 29 Iun. 2010
The current economic crisis should not be an impediment in listing the state-run companies on the stock market, Stere Farmache, head of the Bucharest Stock Exchange, said Tuesday.

Romanian Sports Daily ProSport Goes 3D As Of July 1

12:35, 29 Iun. 2010
Romanian sports newspaper ProSport will issue a 3D edition on July 1, a first in the Romanian print media, the paper's publisher said in a press release Tuesday.

Romania PM To Visit Flood-Hit NE Area Tuesday

11:36, 29 Iun. 2010
Romanian Prime Minister Emil Boc will go Tuesday afternoon to the northeastern Romanian counties of Suceava and Botosani, which have been severely hit by floods and are still under flood advisories.

Romania’s Parliament Eliminates Unconstitutional Provisions From Austerity Plan

11:28, 29 Iun. 2010
Romania’s Parliament Tuesday adopted with 321 to two votes the committee for legal matters’ report on the austerity law package, eliminating the articles that slash pensions, which were recently ruled unconstitutional.

Romanian Unions File ILO Complaint Against Govt On 25% Cut In Public Sector Wages

11:13, 29 Iun. 2010
Romania’s union federation Cartel Alfa representing workers in public services, metallurgy, steel, transport and mining sectors filed a complaint with the International Labor Organization (ILO) against the Romanian Government for its measure to reduce public sector wages by 25%.

Meteorologists Extend Code Yellow Rain Alert For N, NE Romania Until Wednesday Morning

10:14, 29 Iun. 2010
Romanian meteorologists extended until Wednesday morning the code yellow rainfall alert valid for the northern and the northeastern parts of the country.

Romania’s Defense Council Approves Strategy Against Money Laundering, Terrorism Financing

09:46, 29 Iun. 2010
Romania’s Supreme Defense Council approved in its meeting Monday the National Strategy fighting money laundering and combating the financing of terrorism, the Presidency said in a press release Monday.

Romania’s Defense Council Calls For Action Plan Against Financial Crimes

22:54, 28 Iun. 2010
Romania’s Supreme Defense Council decided in its meeting Monday that all bodies in charge with fighting tax evasion and smuggling will draft a joint plan of action in order to crack down on financial crimes, the Romanian Presidency said in a press release Monday.

Euro Panic Buy As Romanian Leu Sinks To Record Low

20:31, 28 Iun. 2010
Panic-driven Romanians waited in line to buy euros Monday, after the leu fell to an all-time low against the European common currency, amid fears that the country’s EUR13 billion loan agreement with the International Monetary Fund could come to a halt.

Romanian Parl Legal Committee Purges Unconstitutional Provisions From Austerity Law Pack

20:27, 28 Iun. 2010
The joint committee for legal matters in Romania’s Parliament adopted Monday evening favorable reports on the austerity law package, eliminating the articles slashing or recalculating public pensions which were ruled unconstitutional by the Constitutional Court.

Romanian Lower Chamber To Debate, Vote On Motion Against Transp Min Monday Evening

17:06, 28 Iun. 2010
The Standing Office of the Romanian Chamber of Deputies decided Monday to debate the Liberal Party’s simple motion against Transports Minister Radu Berceanu starting with 6.30 p.m. and vote on the motion in the session starting at 8.30 pm..

Romania ‘09 Alcoholic Beverages 30% Cheaper Than EU Average

15:05, 28 Iun. 2010
In 2009, Romanians paid 30% less for alcoholic beverages than other European Union states, while a basket of food and non-alcoholic beverages was 34% cheaper than the EU average, a survey from EU’s statistics office Eurostat showed Monday.

Romanian Govt To Move Solidarity Tax On Multiple Homes From Fiscal Code To Separate Law

14:59, 28 Iun. 2010
Romania’s Government decided Monday to move the provision requiring owners of multiple homes to pay a solidarity tax this year from the act amending the Fiscal Code to a separate bill, with no influence on the Code.