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Romanian Commissioner-Designate Dacian Ciolos Heard In EP Friday

12:49, 15 Ian. 2010

Romania’s designated European Commissioner for Agriculture, Dacian Ciolos, will be heard Friday for three hours by the European Parliament’s Committee for Agriculture.

Romania 09 Jan-Oct Trade Gap, Sixth Biggest In EU

12:35, 15 Ian. 2010

Romania registered the sixth largest trade deficit in the European Union bloc in the first ten months of 2009, with both exports and imports falling compared to last year, EU’s statistics office Eurostat data showed Friday.

IMF Mission To Visit Romania During Jan 20-27

11:07, 15 Ian. 2010

The International Monetary Fund will send a mission to Bucharest during January 20-27 to review the EUR13 billion agreement signed last year with Romania, an IMF representative said Friday.

Romania 2009 Jan-Nov Curr Acct Gap Narrowed 69.4% To EUR4.7B

10:43, 15 Ian. 2010

Romania's current account deficit narrowed 69.4% in the first eleven months of 2009 to EUR4.68 billion, from a EUR15.3 billion deficit in the same period a year earlier, due mainly to the falling trade deficit, the central bank said in a statement Friday.

Romania FinMin Says IMF Mission To Arrive After ECOFIN Meeting

10:27, 15 Ian. 2010

Romanian Finance Minister Sebastian Vladescu on Friday said he will return from the EU Economic and Finance Ministers' (ECOFIN) meeting in Brussels together with a delegation of the International Monetary Fund.

Romania’s Parliament Passes 2010 Social Security Budget

20:43, 14 Ian. 2010

Romania’s Parliament Thursday adopted with 176 to 147 votes the social security budget for 2010.

Romanian Parliament Passes 2010 Budget Bill

19:02, 14 Ian. 2010

Romanian parliament on Thursday adopted 192 to 138 the state budget for 2010, following several days of wrangling over thousands of amendments proposed by the opposition.

Romanian Govt Compiles List Of Lump Sum Taxable Services

18:53, 14 Ian. 2010

Restaurants, hotels, tour operators, fitness centers, but also funeral homes are among the activities for which the lump sum tax could be collected, according to a list, discussed by authorities, which includes 26 services performed for the population.

Romania To Grant Subsidies For Agricultural, Forestry Products Processing Operations

16:50, 14 Ian. 2010

Romania’s Agriculture and Rural Development Ministry said Thursday it received the European Commission’s decision allowing the ministry to grant state aid in the agricultural and forestry product processing field.

Romania To Ask EC Approval For 13-14 State Aid Schemes

16:44, 14 Ian. 2010

Romania will ask the European Commission’s approval for 13-14 state aid schemes, of which, three or four target to subsidize the country’s farming sector, and the schemes will be sent to the EC over the next two months, Finance Minister Sebastian Vladescu said Thursday.

Romanian Microenterprises To Pay 16% Profit Tax Or Lump-Sum Tax In 2010 – Fin Min

16:31, 14 Ian. 2010

Microenterprises in Romania will no longer benefit from a different taxation system in 2010 and will have to pay a 16% profit tax or a lump-sum tax, just like any other company, according to Finance Minister Sebastian Vladescu.

Romania Registers 100 Deaths, 6,386 AH1N1 Infections

13:50, 14 Ian. 2010

Romania registers 100 fatalities and 6,386 infections with the AH1N1 flu virus, as four more deaths and 131 new infections have been reported over the past 24 hours, the Health Ministry said Thursday.

Heineken Closes Down Beer Factory W Romania, Lays Off 100 People

13:40, 14 Ian. 2010

Heineken Romania, the local unit of Dutch brewer Heineken, will close down the factory in the western city of Hateg, laying off 98 people, in order to increase efficiency and consolidate its position, the company said in a statement Thursday.

Romanian Union Leader Hossu Criticizes Layoffs Decision, Announces Protests

13:29, 14 Ian. 2010

Romanian Cartel Alfa union leader Bogdan Hossu told MEDIAFAX that normative acts drafted recently, which provide for layoffs in the education, social assistance and public administration sectors, were made by accountants, not experts, and unions are preparing to hold protests.

Romania Fin Min: Public Institutions To Apply Program Targeting Nearly 100,000 Layoffs

12:33, 14 Ian. 2010

Romania’s Finance Minister Sebastian Vladescu on Thursday declined to comment on planned layoffs in the public administration sector, and said public institutions will have to apply a program meant to sack nearly 100,000 public sector employees.

Romanian Carmaker Dacia Plans To Develop Two New Models – Manager

11:12, 14 Ian. 2010

Romanian carmaker Automobile Dacia plans to design and produce two new models, sales manager Fabrice Cambolive told a news conference Thursday.

Romanian Carmaker Dacia Sold Over 311,000 Cars In 2009, Up 20.5% YY

10:12, 14 Ian. 2010

Romanian carmaker Dacia, a unit of France’s Renault, sold 311,282 cars last year, 20.5% more than in 2008, but its sales in Romania declined more than 50%, to 41,862 cars, the company said Thursday.

Romania Plans To Cut Staff Spending By EUR100M Through Public Admin Layoffs

20:33, 13 Ian. 2010

Romania’s government estimates to cut staff costs paid out from local budgets by RON471.5 million (EUR114.4 million) in 2010, by sacking nearly 17,000 local administration employees, which will save nearly RON550 million over the next four years.

Romania 2009 New Car Registrations Fall 60% YY To 116,012 Units

17:15, 13 Ian. 2010

Romanian new car registrations fell 59% on the year to 116,012 vehicles in 2009, from 285,500 vehicles the year earlier, Interior Ministry data showed Wednesday.

Japan To Lend EUR315M To Romania For Bucharest Train Station-Airport Subway Line Project

17:13, 13 Ian. 2010

The Japanese Government will grant a loan of JPY41.87 billion (nearly EUR315 million) to Romania for the construction of a subway line reaching the international airport in Otopeni, outside capital city Bucharest, Romania’s Transport Ministry said Wednesday.

Romania’s Tourism Min Sacks National Housing Agency General Manager

17:07, 13 Ian. 2010

Romanian Regional Development and Tourism Minister Elena Udrea Wednesday dismissed National Housing Agency (ANL) general manager Jean Vraciu over procurement plans and cancelled the agency’s procedure to buy off-road vehicles.

Romania Ctrl Bk: Pawnshops Not Allowed To Grant Loans With Realty Assets As Collateral

15:05, 13 Ian. 2010

Pawnshops in Romania are allowed to accept only movables as collateral for the loans they grant, and the pawns will be kept until the loan is paid back, the central bank said Wednesday, in response to media information alleging several pawnshops grant loans with real estate assets used as collateral.

Romanian MP Drafts Law Introducing 0.5% Wealth Tax On Net Worth Topping EUR500,000

14:54, 13 Ian. 2010

Romanian social democrat lawmaker Mugurel Surupaceanu submitted with the Chamber of Deputies’ Standing Office a draft law introducing a wealth tax whereby households pay an annual 0.5% on net worth of more than EUR500,000.

Saxo: Romanian Leu To Slide To 4.84 Units/Euro If IMF Terms Not Met

14:53, 13 Ian. 2010

Failure to implement the structural reforms required by the International Monetary Fund under a EUR13 billion loan agreement would push Romania’s leu to 4.84 units per euro in twelve months time, officials of Danish lender Saxo Bank said Wednesday.

Romania Registers 96 Deaths, 6,255 AH1N1 Infections

13:21, 13 Ian. 2010

Romania registers 96 fatalities and 6,255 infections with the AH1N1 flu virus, as two deaths and 34 new infections have been reported over the past 24 hours, Romania’s Health Ministry said Wednesday.

Romania Fin Min: Eurobond Issue Won’t Sidetrack 2010 Agenda

11:17, 13 Ian. 2010

Romania’s planned eurobond issue of EUR1 billion is not a deviation from the nation’s financing agenda for 2010 and its main purpose is to finance the budget gap and tap into additional markets, Finance Minister Sebastian Vladescu said Wednesday.

Romania’s Freight Rail Co CFR Marfa Axes Jobs, Freezes Wages, Sheds Bonuses To Cut Costs

10:41, 13 Ian. 2010

Romania’s state-owned freight railway company CFR Marfa will cut over 217 million lei (EUR1=RON4.1355) in costs this year by laying off staff, not granting any wage bonuses, freezing wages for remaining employees and not outsourcing rail repair works, according to the company’s restructuring plan.