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Romanian Deputy PM Says Govt Likely To Hike Flat Tax, VAT

13:30, 25 Iun. 2010
Romanian deputy prime minister Marko Bela said Friday the Government must conform with the Constitutional Court ruling on its austerity measures and seek other ways to keep the deficit in check, likely by hiking the flat tax and the VAT.

Constitutional Court Ruling Blocks Implementation Of Govt Austerity Plan

13:18, 25 Iun. 2010
The Romanian Constitutional Court’s Friday ruling, rejecting certain articles of the austerity plan, leaves the Government unable to apply any of the measures provided by the bills, as they must return to Parliament to be made to agree with the Constitution.

Romania Fin Ministry Eyes More Debt Sales On Foreign Markets

13:18, 25 Iun. 2010
Romania’s Finance Ministry wants to extend to three years the period during which the ministry can sell debt on foreign markets, so that the eastern European country may borrow money “at any given moment,” acting Minister Sebastian Vladescu said Friday.

Romania GDP Likely To Grow In 2Q – ING

12:24, 25 Iun. 2010
Romanian gross domestic product is likely to post growth for the second quarter, supported by increased local demand, but the improvement will be only temporary, ING Bank said in a survey.

Romanian Govt Mulls Tax Raises After Court Rules Pension Cuts Unconstitutional – Sources

12:18, 25 Iun. 2010
Romania’s Government is considering other ways to keep its budget deficit below the IMF-agreed cap of 6.8%, which mainly entails tax raises, including the VAT and flat tax, after the Constitution Court ruled pension cuts unconstitutional, people close to the matter told MEDIAFAX.

Romania Leu Hits 7-Mo Low Vs Euro After Court Ruling On Austerity Pack

11:57, 25 Iun. 2010
Romania’s leu jumped to a near seven months low against the euro in mid trade Friday, after the Constitutional Court ruled some of the government’s austerity measures are not constitutional.

Romanian Constitutional Court Rules Govt Austerity Plan Partially Unconstitutional – Sources

11:40, 25 Iun. 2010
Romania’s Constitutional Court ruled Friday that some of the austerity measures for which the Government received a confidence vote in Parliament are unconstitutional, people close to the matter said.

Romania Keeps Pvt Pension Contribution At 2.5% Till Yearend, Raises It At 3% In 2011

11:32, 25 Iun. 2010
Romanians’ contributions to the mandatory private pension system (Pillar II) will b kept at 2.5% of their gross wage until the end of the year and will rise to 3% in 2011, Cornelia Coman, vice-president of the country’s association for private pensions APAPR, said Friday.

Hydrologists Issue Code Orange Flood Warning For Rivers In NE Romania

11:24, 25 Iun. 2010
Romanian hydrologists on Friday issued a code orange flood warning for rivers in the counties of Bacau, Buzau, Vaslui, Galati, Botosani and Harghita, as well as a code yellow warning for 12 other counties, valid from 4 p.m. Friday to 4 p.m. Sunday.

Romanian State-Run Cos Have Two Weeks To Submit Revised Budgets, Slashing 20% Of Costs

11:18, 25 Iun. 2010
Managers of Romanian state-run companies have two weeks to send the Government revised budget plans, in which protocol and advertising spending for the second half of the year must be 20% lower, according to an emergency decree the Government adopted.

Hundreds Picket Romania’s Presidential Palace Over Austerity Measures

10:26, 25 Iun. 2010
Over 600 people are picketing the presidential palace in Bucharest Friday calling on the president not to endorse the Government’s austerity measures, which they say “sentence workers, children and pensioners to death by starvation.”

Romanian Economy Ministry May Cut 10-15% Of Staff By Year-End – Sources

20:30, 24 Iun. 2010
The staff of Romania’s Ministry of Economy could be cut by 10-15% by the end of the year and the number of state secretaries may be reduced to three from five, people close to the matter told MEDIAFAX Thursday.

Interim Manager Reconfirmed For Three Months At CE Turceni

19:09, 24 Iun. 2010
Romanian Economy Minister Adriean Videanu reconfirmed Octavian Graure for another three months as general manager of thermal power producer CE Turceni.

Romania’s Constitutional Court Postpones Austerity Plan Constitutionality Ruling For Friday

18:33, 24 Iun. 2010
Romania’s Constitutional Court judges will rule Friday on the five unconstitutionality appeals issued against the austerity laws for which the country’s Government recently sought the Parliament’s confidence vote.

Romania April Indus Orders Rise At 7th Fastest Pace In EU

16:30, 24 Iun. 2010
Romanian industrial new orders rose 26.5% on the year in April, the seventh biggest increase in the European Union, official data showed Thursday.

No. Of Romanian Business Owners In Italy Rose Nearly Ten Times In 2003- 2009 Interval

16:26, 24 Iun. 2010
The number of Romanians running businesses in Italy is nearly ten times higher compared to 2003 and exceeded 28,000 in 2009, according to a research report presented Thursday by confederation Caritas Romania, which also says Romanians are the second largest group of foreign entrepreneurs in Italy.

Romanian Liberal MEP Calls On EP To React To Press Freedom Threats In Romania

15:59, 24 Iun. 2010
Romanian liberal MEP Norica Nicolai called on fellow European lawmakers to react to the threat to press freedom in Romania after the country’s highest defense body included the media among threats to national security, the Liberal Party’s delegation to the EP said in a press release Thursday.

Swiss Govt Approves CHF181M Non-Reimbursable Financial Aid For Romania

14:58, 24 Iun. 2010
The Swiss Government on Wednesday approved a frame agreement, whereby Romania will receive non-reimbursable funds worth CHF181 million (nearly EUR130 million) in the next five years.

Bucharest Court To Hear Appeal Of Blackmail-Charged TV Station Owner On Friday

14:25, 24 Iun. 2010
The Court of Bucharest will hear Friday the appeal of Romanian TV station owner Dan Diaconescu and TV producer Dorel Parv against the ruling placing them in preventive custody, on charges of blackmailing and threatening a mayor.

Ten Romanian Counties Still Affected By Floods – Report

14:19, 24 Iun. 2010
The number of Romanian counties still affected by floods dropped from 27 to ten Wednesday to Thursday night, but 147 people are still unable to return to their homes, most of them in northwestern county Arad, Romania’s General Inspectorate for Emergency Situations, or IGSU, said Thursday.

Romania-Russia Relations Could Be Improved By South Stream – Lukoil Official

13:55, 24 Iun. 2010
Romania’s involvement in the South Stream gas pipeline developed by Russia and Italy could improve relations between Bucharest and Moscow, according to Constantin Tampiza, development strategy coordinator at Lukoil Romania.

Lukoil Romania Might Expand Gas Station Network With 50 New Units

13:46, 24 Iun. 2010
Lukoil Romania might expand its gas station network with 50 new units, once new highways are built, said Thursday Constantin Tampiza, development strategy coordinator at Russian oil group’s local unit.

Romania May Be Split Into New Development Regions After 2013 – Minister

13:39, 24 Iun. 2010
Romania’s Development and Tourism Minister Elena Udrea on Thursday said Romania could face a new regional division after 2013 when new development regions are likely to be created, besides the country's current eight development regions.

Romania Remains Transit Route For Heroin Traffic Toward Western Europe- UN Report

12:48, 24 Iun. 2010
Romania remains a transit route used by traffickers transporting heroin from Afghanistan toward Western Europe, according to the United Nations Office on Drugs and Crime “World Drug Report 2010”, which notes numerous alleged Romanian traffickers have been arrested in Spain and Italy.

Romanian Soldiers Killed In Afghanistan Awarded Wartime National Order Star Of Romania

12:34, 24 Iun. 2010
Romania’s President Traian Basescu Thursday signed the decree awarding the wartime National Order Star of Romania with the rank of Knight to the two Romanian soldiers killed in Afghanistan Wednesday.

Romania Needs Territorial Reorganization But Not On Ethnic Criteria – PM

11:50, 24 Iun. 2010
Romania’s administrative and territorial reorganization is necessary, considering the eight development regions no longer meet necessities, and the reorganization must be in line with the Constitution, Romanian Prime Minister Emil Boc said Thursday during a seminar on territorial reorganization.

Romania PM: Bills Slashing Public Spending Are Constitutional, Govt Awaits Court Ruling

11:50, 24 Iun. 2010
Romania’s Prime Minister Emil Boc on Thursday said the bills slashing public spending, for which the Government asked the lawmakers’ confidence vote, are constitutional and the Executive expects the Constitutional Court ruling on their constitutionality.

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.