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Romanian Leu Soars Vs Euro, Unlike Regional Currencies

17:55, 06 Ian. 2010
The leu extended gains against the euro Wednesday, bucking the regional trend, on foreign players' high demand for the local currency, despite the unexpected key rate cut announced Tuesday by Romania's central bank.

Romanian Lawmakers Approve Social Security Contribution Reduction

16:34, 06 Ian. 2010
Romanian parliament commissions for labor and health Wednesday approved an amendment to the social security budget for 2010, according to which employees’ and employers’ social security contributions will be reduced, although the draft budget stipulated they would remain at the last year’s level.

Econ Min Sees All Romanian Localities Connected To Electricity Network By 2012

15:53, 06 Ian. 2010
Economy Minister Adriean Videanu said Wednesday that he wants all localities in Romania to be connected to the electricity distribution network by 2012, a target that should have been reached since 2006, according to authorities' plans.

Romanian ’09 Apartment Prices Dn 17% YY – Survey

15:50, 06 Ian. 2010
The prices asked by apartment owners in the main six Romanian cities, including the capital city Bucharest, fell by an average 17% last year, according to data provided by imobiliare.ro website.

Romanian Fast Food Tax To Lead To Higher Prices, MNC Withdrawal – Food Industry Official

14:08, 06 Ian. 2010
The tax on fast food which the Romanian Government plans to introduce will lead to higher prices and compel many multinational corporations to move to other countries, resulting in more imports, Food Industry Federation president Dragos Frumosu told MEDIAFAX on Wednesday.

Romania’s OMV Petrom Buys New Oilfield In Kazakhstan

13:51, 06 Ian. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) on Wednesday said it acquired at the end of last year Kazakhstan’s Korned LLP, which owns the exploitation license for local undeveloped oilfield Kultuk, for an undisclosed amount.

Romania’s Hungarian Minority Party To Abstain From Vote On Social Security Budget Over Pensions

13:38, 06 Ian. 2010
Lawmakers of Romania’s Hungarian minority party UDMR, which is part of the government, said they will abstain from a vote on the 2010 social security budget because they cannot agree with freezing public pensions.

Romania’s Senate Allows Govt To Pass Decrees During Parliament Recess

13:37, 06 Ian. 2010
Romania’s Senate adopted Wednesday with 60 to ten votes and one abstention the draft law regulating government’s ability to issue decrees during the Parliament’s recess.

Minimum Tax Cleaned Romania’s Economy, Closed Inactive Cos – PM

12:04, 06 Ian. 2010
Over 73% of the Romanian companies closed down after the introduction of the minimum tax were inactive or used for illicit deals, so that the tax seems to have reached its goal due to its curative and cleaning effects over some economic fields, Prime Minister Emil Boc said Wednesday.

Romania To Apply Fast Food Tax As Of March 2010

11:35, 06 Ian. 2010
Romania will apply a tax on fast food starting March 2010 to economic operators that produce or import fast food, pastry, cakes, snacks, chips and fizzy drinks, and the quantum of the tax will be established after negotiations with the respective operators.

Romania Won’t Renegotiate IMF Deal – Fin Min

10:49, 06 Ian. 2010
Romania will not renegotiate the agreement with the International Monetary Fund, but will try to increase the funds allotted for public investments, Finance Minister Sebastian Vladescu told MEDIAFAX.

Romanian Court Says It Released Soldiers In Weapon Heist Case As They Couldn’t Influence Trial

16:57, 05 Ian. 2010
Seven soldiers placed under preventive arrest in the trial of the weapon heist at Romanian military base Ciorogarla were released on December 23, 2009, as they could no longer interfere with the investigations, the court explained its ruling Tuesday.

Romania Expects New Wave Of Swine Flu Infections End January – State Secretary

16:11, 05 Ian. 2010
Romania expects a new wave of infections with the A/H1N1 flu virus end January, Romanian Health Ministry state secretary Adrian Streinu Cercel said Tuesday, calling on people to get vaccinated.

Romanian Health Ministry Mulls Introducing Fast Food Tax

14:55, 05 Ian. 2010
The Romanian Health Ministry plans to introduce a tax on fast food, in order to support national health programs.

Romania’s Tourism Minister Plans To Built Golf Course Near Bucharest

13:25, 05 Ian. 2010
Romania’s Tourism and Regional Development Minister Elena Udrea said Tuesday she plans to build a golf course in Snagov, near capital city Bucharest, adding the Snagov City Hall offered to provide the land needed to carry out the project.

Romania Ctrl Bk Cuts Key Rate By 50 Bps To 7.5%

12:52, 05 Ian. 2010
Romania's central bank on Tuesday decided to lower the key monetary policy rate by 50 basis points, to 7.5% on the year, and to maintain the current levels of minimum requirements on both foreign currency-denominated and leu-denominated liabilities.

Romanian Meteorologists Issue Advisory For Rain, Wind, Frost In 14 Counties

10:33, 05 Ian. 2010
Romanian meteorologists issued a code yellow weather advisory forecasting rain, wind and frost in 14 counties in the western and southwestern part of the country, valid Tuesday evening through Wednesday evening.

Romanian Leu Ends Up Vs Euro On Positive Intl Sentiment

20:29, 04 Ian. 2010
The Romanian leu closed the first trading day of the year stronger versus the euro, on a positive sentiment on the regional markets.

Romanian ELCEN Hikes Heating Tariffs By Up To 10% In Bucharest, Constanta

19:32, 04 Ian. 2010
Romanian thermal power producer ELCEN rose the heating tariffs in the capital city Bucharest and the southeastern city of Constanta by 9% and 10%, respectively, as of January 1, following a decision of the country’s energy watchdog ANRE adopted at the end of last year.

Romania Might Enforce Mandatory Home Insurance Law As Of End-March ‘10

16:36, 04 Ian. 2010
The law forcing Romanian homeowners to insure their homes against natural disasters might be enforced toward the end of the first quarter of 2010 if PAID, the company issuing mandatory home insurance policies, manages to conclude a reinsurance contract, PAID head Marius Bulugea said Monday.

Romanian Farmers To Be Included In Country’s Future Single Pension System

16:09, 04 Ian. 2010
Romanian labor minister Mihai Seitan said Monday there will no longer be a special pension system for agriculture and farmers will be included in the single pension system.

Romanian Carmaker Dacia Sees Biggest Sales Increase Of 51.4% On French Market In ‘09

15:30, 04 Ian. 2010
Registrations of Romanian new Dacia cars and light commercial vehicles in France registered the biggest increase in 2009 of 51.4%, to 65,956 units, according to the Committee of French Automobile Constructors (CCFA).

Romanian Co Metrorex To Spend Up To RON60M On Subway Line Extension Works

13:45, 04 Ian. 2010
Bucharest subway company Metrorex will pay an estimated 59.5 million lei (EUR1=RON4.2282), VAT not included, to finalize construction works on subway sector 1 Mai-Parc Bazilescu, part of mainline IV, the company said Monday.

Romanian Leu Slightly Up, Exch Rate At RON4.2265 Vs Euro

13:43, 04 Ian. 2010
The Romanian leu slightly strengthened against the euro in the first trade of the year, and the central bank computed an indicative of RON4.2265 to the euro.

Romania Forex Reserves Fall Slightly In December To EUR28.3B

13:42, 04 Ian. 2010
Romanian foreign exchange reserves fell EUR434 million in December to EUR28.303 billion, according to central bank data released Monday.

Romanian Transelectrica Hikes Pwr Transport Tariff By 5.4%

13:41, 04 Ian. 2010
Romania’s state-owned power grid operator Transelectrica (TEL.RO) raised, on January 1, the average tariff for electric power transport service by 5.4%, from 16.13 lei (EUR1=RON4.2265) per MWh to RON17/MWh, the company said Monday.

Romania’s Petrom Hikes Pump Prices By RON0.06 Per Liter

11:28, 04 Ian. 2010
Romania’s largest oil company Petrom SA (SNP.RO) raised Monday the gasoline and diesel oil prices by 0.06 lei (EUR1=RON4.2282) per liter, following the international oil price increase, the company said in a statement.

Romanian-Built Car Dacia Ranked Third Most Reliable – French Study

09:34, 04 Ian. 2010
French people consider Romanian-built Dacia one of the most reliable cars, ranking it third after Daihatsu and Lexus in a study ordered by consumer group UFC-Que Choisir.

Romania Drops Plans To Buy France’s AH1N1 Flu Vaccine Surplus

09:33, 04 Ian. 2010
Romania ultimately declined to buy France's surplus of vaccine against the AH1N1 virus, after two months of negotiations, while several other EU states (including Germany, the Netherlands and Spain) are desperately trying to sell off at least part of their surplus, Le Parisien reported.

Bucharest Electoral Auth Declares Lawmaker Seat Candidacies Final

09:32, 04 Ian. 2010
The Bucharest Electoral Bureau on Sunday declared the candidacies of Honorius Prigoana and Radu Stroe for a seat in the Romanian Chamber of Deputies as final, without waiting for the Constitutional Court’s ruling regarding Remus Cernea’s complaint.

Turkey’s Private Hospital Network Medicana Eyes Romanian Mkt

17:10, 03 Ian. 2010
Medicana Hospital, one of Turkey’s leading private healthcare provider networks, plans to expand overseas to countries like Romania and Bulgaria, and seize the opportunities provided by the healthcare tourism industry in the European Union, according to publication Today's Zaman.

Fewer Romanians Spent New Year’s In The Country Or Abroad

14:59, 03 Ian. 2010
The number of Romanian tourists who spent the New Year’s in boarding houses or hotels countrywide was down 8% on the year, to 95,400 people who spent 124.5 million lei (EUR1=RON4.2282), down 13% from 2008, according to Romania’s Federation of Tourism Employers’ Associations (FPTR).

Code Yellow Warning Of Snow, Blizzards In S, SW Romania

16:18, 02 Ian. 2010
Romanian meteorologists on Saturday issued a code yellow warning forecasting snow and blizzards in southern and southwestern Romania on Sunday, between 3 a.m. and 10 p.m.

Two Romanian Sailors On UK-Flagged Ship Seized In Gulf Of Aden

15:01, 02 Ian. 2010
Two Romanian sailors are among the 25-member crew of UK-flagged vehicle carrier Asian Glory seized by Somali pirates in the Gulf of Aden late Friday, according to the ship’s owner, British ship management company Zodiac Maritime Agencies.

Code Orange, Yellow Warnings For Floods in W, NW Romania

13:24, 02 Ian. 2010
Romanian hydrologists on Friday issued orange and yellow code warnings targeting floods in the country’s western and northwestern regions, between 2 p.m. Friday and 2 p.m. Sunday.

Romania Beats Australia 2-1 At Hopman Cup

12:09, 02 Ian. 2010
Romania’s Sorana Carstea and Victor Hanescu have beaten Australia’s Samantha Stosur and Lleyton Hewitt 7-5, 6-1 Saturday in mixed doubles to give Romania a 2-1 win in the opener of the Hopman Cup teams tennis tournament held in Perth, Australia.

Romania Cigarette Prices Most Impacted By Excise Duty Hike In 2010

18:48, 30 Dec. 2009
The excise hike and the higher exchange rate used for computing excise duties as of January 1 would significantly impact cigarette and tobacco products prices, which are expected to grow by 14%, while the prices of the other excisable products would only register a single-digit growth.

Romanian GDP Seen Up On Higher Exports In 2010 – Analysts

17:50, 30 Dec. 2009
The Romanian economy is seen growing by an average of 1.2% in 2010, mainly supported by exports and the industry, while the constructions sector would continue to be the most impacted by the financial crisis, according to analysts polled by MEDIAFAX.

Romanian Farmers To Get State Guarantee Of Up To EUR2.5M For Loans

14:44, 30 Dec. 2009
Romanian farmers can take bank loans with a state guarantee of up to EUR2.5 million, Agriculture Minister Mihail Dumitru said Tuesday after a Cabinet meeting.

Romania’s Govt To Limit Budget Revisions – Draft Law

14:34, 30 Dec. 2009
Romania’s government will no longer be able to make more than two budget revisions during a year, and the budget won’t be revised in the first half of the year, according to the fiscal responsibility draft law.