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Romania Fin Min: Renegotiation Of Austerity Measures Would Be Wrong

11:08, 13 Mai 2010

A renegotiation with the International Monetary Fund of the spending cut measures already assumed by the Romanian Government would be wrong, Finance Minister Sebastian Vladescu said Thursday.

Romanians Continue Protests, Call On President And Govt To Resign Over Austerity Plan

11:07, 13 Mai 2010

About 200 Romanian unionists are protesting Thursday outside the presidential palace in Bucharest and call on the president and government to resign because of the austerity plan authorities announced.

Romania’s Govt Estimates To Collect Extra RON421M In Meal Vouchers, Copyright Income Tax Revenues

11:02, 13 Mai 2010

Romania’s Government estimates it will collect extra 345 million lei (EUR1=RON4.1751) in the second half of the year by applying a 16% tax on meal vouchers, and extra RON76 million by deducting social security contributions from copyright income and reducing deductible quotas to 25%, from 40%.

Romanian Public Sector Unionists Start Protests Over Cost Cutting Measures Thursday

09:32, 13 Mai 2010

Romanian unionists will stage a four-day protest starting Thursday and 1,000 people will picked the Government’s headquarters and the Presidential Palace, disgruntled with the anti-crisis measures announced by the country’s authorities.

Romanian Union Leaders Say 25% Wage Cut For Employees Of State-Run Cos Is Illegal

19:43, 12 Mai 2010

Romanian union leaders on Wednesday said the 25% wage cut for employees in state-owned companies breaches collective labor contracts, stressing this will determine experts with these companies to resign and more people to rally in public protests.

EU: Romania Not Yet Ready For Euro Adoption

18:08, 12 Mai 2010

The European Commission on Wednesday concluded Romania is not yet prepared to join the euro area, citing a series of legal incompatibilities along the mandatory criteria for adopting the European common currency.

Romania Signs Tri-Nation Deal To Create Gas Transport Co

17:27, 12 Mai 2010

Romania, Azerbaidjan and Georgia have signed an agreement Wednesday in Tbilisi to create a mixed company that will transport Azeri gas to Europe, through Georgia, the Romanian Economy Ministry said.

Romanian Crew Member On Board Greek Ship Seized By Somali Pirates

16:45, 12 Mai 2010

A Romanian crew member is on board the Greek-owned bulk carrier Eleni P, seized by Somali pirates in the Gulf of Aden, Greek manager of the ship’s owner Markos Vassilikos said Wednesday, cited by AFP.

Romanian Education Minister Invites Unions To Talks, Urges Teachers Not To Freeze School Year

16:39, 12 Mai 2010

Romanian education Minister Daniel Funeriu said Wednesday he is inviting unions in the education system to talks as of Thursday and called on teachers not to go on full-blown strike and freeze the school year, as they have planned.

Romanian Retirees End Protest At Presidential Palace Two Hours Later Than Planned

16:30, 12 Mai 2010

About 1,000 retirees ended a protest outside the presidential palace in Bucharest, two hours later than planned and after brief scuffles with security forces.

Romania Eyes Guaranteeing Loans Of Pvt Cos For Co-Financing Of EU-Funded Projects

15:56, 12 Mai 2010

The Romanian Government plans to also guarantee the loans contracted by private companies for the co-financing of several projects backed from European Union funds, people close to the matter told MEDIAFAX Wednesday.

Romania April Tax Revenue At RON13.2B, Below Target

15:43, 12 Mai 2010

Romania’s fiscal authority ANAF collected total taxes worth 13.21 billion lei (EUR1=RON4.1751) in April, below target, due to lower revenue from the profit tax and excise duties.

Romania 1Q GDP Sees Fourth Largest Decline In EU

15:22, 12 Mai 2010

Romania posted the fourth widest quarterly economic fall in the European Union in January to March this year, while the EU's gross domestic product inched up 0.2% on the quarter, official data showed Wednesday.

Romania Postpones Introduction Of Mandatory Energy Certification As Of June 15

15:21, 12 Mai 2010

Romania’s Government has postponed the June 15 introduction of mandatory energy certification for real estate transactions, says a press release issued Wednesday by the Development Ministry.

Romania Might Raise Health Insurance Contributions To 14%, From 10.7%

15:11, 12 Mai 2010

Romania’s Health Ministry and the National Health Insurance House (CNAS) are working on a draft act to raise health insurance contributions from 10.7% to 14%, which would increase the value of the health insurance fund by 20%, CNAS manager Adina Geana said Wednesday.

Romania’s Govt Adopts Decision To Implement Digital Television

15:08, 12 Mai 2010

Romania’s Government adopted a decision to implement digital television, which will enable telecoms regulator ANCOM to start procedures to award the first two licenses in the sector, Communications Minister Gabriel Sandu told MEDIAFAX Wednesday.

Romanian Parliament Enacts Integrity Agency Bill

14:42, 12 Mai 2010

Romanian senators on Wednesday adopted the bill regulating the country’s integrity agency, a EU-backed anticorruption body that was stripped of its main attributions last month.

Romanian Teachers Go On Full-Blown Strike As Of May 31

13:22, 12 Mai 2010

Romanian teachers will go on full-blown strike indefinitely as of May 31, will not take part in national tests and will attend a rally of public sector workers on May 19, union leader Aurel Cornea said Wednesday.

Romania March Indus Output Sees 5th Highest Monthly Growth In EU

12:35, 12 Mai 2010

Romania’s industrial output posted in March the fifth biggest monthly increase in the European Union, official data showed Wednesday.

Romanian Prosecutors Won’t Start Criminal Investigation Against Senate Chairman

12:13, 12 Mai 2010

Romanian prosecutors ruled not to start criminal investigations against social democrat Senate Chairman Mircea Geoana accused of forgery in his wealth statement, people close to the matter told MEDIAFAX Wednesday.

Romanian Pensioners Picket Presidential Palace, Call On President To Resign Over Austerity Plan

11:33, 12 Mai 2010

Over 500 Romanian pensioners are picketing the presidential palace in Bucharest Wednesday and call on the president to resign over highly unpopular austerity measures he announced last week.

Romanian Disabled People, War Veterans Affected By Cost Cutting Program

11:15, 12 Mai 2010

Romania will slash social benefits by 15% starting June 1 and the measure will also be applied for people with disabilities, war veterans and widows, ex-political prisoners and deportees, as well as for pensioners whose spouses died, according to a draft emergency decree to cut social spending.

Romanian PM Calls For 25% Wage Cuts For Employees Of State-Run Cos, Including State-Owned Banks

10:38, 12 Mai 2010

Romanian Prime Minister Emil Boc on Wednesday called for 25% wage cuts for employees in state-owned companies, including the country’s state-owned banks, Eximbank and CEC Bank.

Romania To Tax Owners Of Multiple Properties Extra

10:37, 12 Mai 2010

Romania will introduce an additional tax for real estate property owners who own more than one property, and taxation quotas will increase for each additional piece of property, Prime Minister Emil Boc said during the Cabinet meeting Wednesday.

Romania 1Q GDP -0.3% On Quarter, -2.5% On Year

10:11, 12 Mai 2010

Romania’s first quarter gross domestic product shrank by 0.3% in real terms compared with the earlier quarter, a flash estimate of the National Statistics Institute showed Wednesday.

Romanian Soldier Killed In Afghanistan

10:08, 12 Mai 2010

A Romanian soldier was killed in Afghanistan Wednesday, Defense Ministry officials said, adding further details would be released later in the day.

Romania To Collect New Taxes To Increase Budget Revenues

10:01, 12 Mai 2010

Romanian Finance Minister Sebastian Vladescu said the country will apply a 16% tax on income gained from copyright, stock activities, the interest generated by bank deposits, mandate contracts, as well as on authorized individuals, newspaper Gandul reported.

Romania To Repeal Laws Regulating Newborn’s Trousseaus, Financial Aid For Newlyweds

09:18, 12 Mai 2010

Romania’s Government will repeal the laws regulating trousseaus for newborns and financial aid for newlyweds, according to a draft emergency decree to reduce social spending.

Romania Must Borrow Extra EUR5B, Apart From IMF Loan, To Meet New Budget Deficit Target

00:03, 12 Mai 2010

Romanian President Traian Basescu said Tuesday Romania should borrow extra EUR5 billion from the market, apart from the EUR3 billion to be disbursed by the International Monetary Fund and the European Union by the end of the year, in order to keep the deficit in the new cap agreed with the IMF.

Romania’s Letter Of Intent To IMF To Be Adopted Only With Prior Ok Of Economic And Social Council

23:57, 11 Mai 2010

Romanian President Traian Basescu Tuesday said he decided, alongside Prime Minister Emil Boc, that the additional letter of intent for the EUR13 billion standby agreement with the IMF will be adopted by the Government only with the prior approval of the country’s Economic and Social Council.

Special Pensions In Romania To Be Drastically Slashed As Of June 1 – Draft Decree

21:19, 11 Mai 2010

Special pensions in Romania will be drastically cut as of June 1, based on a lower pension point and the application of a 90% quota, as "solidarity tax," to the sum left after deducting social contributions and the income tax, according to a draft emergency decree regarding public spending cuts.

Romania No Longer Grants Treatment Vouchers Contracted Via Pension House In 2010 – Draft

21:08, 11 Mai 2010

The Romanian Government will no longer grant the spa treatment vouchers that were to be contracted via the National Pension House in 2010, according to a draft emergency decree regarding public spending cuts.

Romania To Reduce Minimum Social Pensions To RON300 – Draft Decree

20:58, 11 Mai 2010

Romania will reduce minimum social pensions to 300 lei (EUR1=RON4.1756), from the current RON350, and will adjust them according to macroeconomic indicators and the country’s financial resources, according to a draft emergency decree regarding public spending cuts.

Romania’s PC Software Piracy Rate Dn 1 Pct In 2009, To 65% – BSA

19:00, 11 Mai 2010

The rate of software piracy dropped to 65% in Romania in 2009, from 66% in 2008 and losses triggered by software piracy decreased by 22.5%, to $183 million, from $249 million in 2008, according to a report drawn up by Business Software Alliance (BSA).

Romania’s Overdue Debts To Bechtel Might Be Paid Off In Two Weeks – Transport Minister

17:42, 11 Mai 2010

Romania might pay off overdue debts to U.S. constructor Bechtel in two weeks, for works carried out on the Transylvania Highway, but the county lacks funds to continue works on the two highway sectors in Cluj county, northwestern Romania, Transport Minister Radu Berceanu said Tuesday.

Romania Might Regulate Online Gambling

16:40, 11 Mai 2010

The Romanian Finance Ministry is looking into ways to regulate and authorize online gambling and will allow the setting up of a firm tasked with checking the money collection process, Finance Ministry secretary of state Bogdan Dragoi told MEDIAFAX Tuesday.