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Romanian IAR Ghimbav To Sack 280 Employees As Of Jul 1, Other 350 In Apr ’10

20:18, 26 Iun. 2009
Romania’s sole helicopter maker IAR Ghimbav (IARV.RO) will lay off 280 employees July 1 and another 380 persons in April 2010, as part of a reorganization program approved Thursday by the company’s stockholders.

TI-Ro Head Victor Alistar Vows To Sue Integrity Agency For Slander

19:25, 26 Iun. 2009
Transparency International Romania (TI-Ro) head, Victor Alistar, told a press conference Friday he would sue the National Integrity Agency (ANI) over slander and also apply to the European Court of Human Rights (ECHR).

Romanian PM Repeats Threat To Bks Withdrawing Funds

18:14, 26 Iun. 2009
Prime Minister Emil Boc on Friday reiterated his threat to banks that would not keep their financing lines in Romania, by saying the government can apply harsh fiscal policies if lenders do not support the local economy, though he hopes such measures won't be needed.

Romania Confirms 23rd Swine Flu Infection

17:49, 26 Iun. 2009
Romania confirmed on Friday its 23rd swine flu case in a child who flew in from Canada last week, the Health Ministry said in a statement.

Romania In Talks With EC To Revise Farmer Program – PM

16:57, 26 Iun. 2009
Romanian government plans to revise the “Farmer” program aimed to support farmers and the officials are carrying talks with the European Commission on the matter, Prime Minister Emil Boc said Friday.

Romanian Tourist Farm Houses, B&Ls Could Get Fiscal Exemptions – State Secretary

16:10, 26 Iun. 2009
Romanian farm houses and guest houses accommodating tourists could be exempt from certain taxes, to encourage and boost rural tourism, Romanian Tourism Ministry state secretary Corneliu Popovici said Friday.

KazMunayGas Buys Remaining Stake In Rompetrol Group

15:59, 26 Iun. 2009
Kazahstan's KazMunayGas (KMG) acquired the 25% stake it did not own in The Rompetrol Group (TRG) from Rompetrol Holding, thus becoming the sole shareholder of the Dutch-based company that owns the second-largest oil group in Romania.

Romanian CFR Marfa Employees Threaten Protest, Demand Due Pay

14:45, 26 Iun. 2009
Employees of CFR Marfa, the cargo division within the Romanian National Railroad Company, threatened street actions “come Friday” because they did not receive their salaries in May, but management got paid nonetheless.

Court Lifts Travel Ban For Romanian MEP Becali

13:15, 26 Iun. 2009
The Bucharest Court on Friday lifted the travel ban for Romanian MEP George Becali, who is now allowed to leave the country.

Romanian Correctional Sys Workers To Start Protests On Jun 30

11:05, 26 Iun. 2009
Employees in Romania’s prison system start protests on June 30 and will picket the Justice Ministry and call strikes over low financing of the system and degrading and humiliating working conditions.

Romanian CEC Bank Offers Lowest Rate For RON Loans In „First House” Program

19:39, 25 Iun. 2009
The lowest interest rate for RON-denominated loans granted through the “First House” program is at ROBOR rate plus 1.9 percentage points and was offered by Romanian state-owned lender CEC Bank, the head of the Guarantee Fund for small- and medium-sized enterprises loans Aurel Saramet said.

Romanian BCR Eyes Loans Of EUR450M Within „First Home” Program

19:37, 25 Iun. 2009
Romania’s largest lender Banca Comerciala Romana estimates it would grant euro-denominated loans worth of EUR450 million, at an interest rate equal to the Euribor rate plus 3.8 percentage points, with a loan granting fee of 0.017%, BCR officials told MEDIAFAX.

Romania’s ghiseul.ro Tax Payment Service Available Nationwide By Oct 1

19:16, 25 Iun. 2009
Romania’s IT&C Ministry on Thursday announced the online payment service via www.ghiseul.ro, through which individuals can pay their taxes on income and traffic fines, will be extended countrywide by October 1.

Romania Confirms Three New Swine Flu Cases; Total Infections At 22

17:10, 25 Iun. 2009
Romanian authorities on Thursday confirmed three new infections with the new AH1N1 flu virus, bringing total confirmations to 22, the Health Ministry said in a statement.

Romanian PM: Wages Will Not Be Cut In Ratio With Current Ones Under Unitary Pay Law

16:24, 25 Iun. 2009
Romania’s Prime Minister Emil Boc on Thursday said the draft unitary pay law discussed by the Government in a first stage does not stipulate lower wages in ratio with existing wages, adding the final act would be established following a financial evaluation by the Finance Ministry.

APIA: New Car Tax In Romania Will Lead To ‘Total Confusion’

14:42, 25 Iun. 2009
A new amendment to Romanian car tax law will trigger “total confusion” in the auto industry, the Automotive Manufacturers and Importers Association, or APIA, said Thursday.

EC Urges Romania To Ensure Energy Market Competitiveness

14:29, 25 Iun. 2009
The European Commission sent Romania letters of formal notice for not complying with applicable gas and electricity regulations and for maintaining a system of regulated prices in violation of the EU directives on electricity and gas, respectively, in the first stage of the infringement procedure.

Romanian Govt Halts Program Helping Students Buy Computers

14:23, 25 Iun. 2009
The Romanian government decided to suspend this year a program that granted EUR200 aid to help students in low income families buy computers, citing the need to revise selection criteria for beneficiaries and run detailed check-ups on applicants.

Romanian Anticorruption Prosecutors Indict Refereeing Corruption Suspects

14:22, 25 Iun. 2009
Romanian Anticorruption Prosecutors (DNA) indicted on Thursday Florin Prunea, Gheorghe Constantin, Liviu Facaleata, Cornel Penescu and Cristian Libertatu, suspects in the refereeing corruption case.

Romanian Dacia Tops Renault, Citroen, Ford, Opel In German Client Satisfaction Survey

14:04, 25 Iun. 2009
Romanian carmaker Dacia ranked 13 in a survey regarding the satisfaction of German clients, overtaking France’s Renault and Citroen, U.S. Ford and Germany’s Opel.

EC Urges Romania To Amend Car Tax Legislation

13:43, 25 Iun. 2009
The European Commission sent Romania a letter of formal notice regarding the registration tax for cars, the first stage in the procedure for violations of community law, demanding the amendment of relevant legislation and adding the current system creates discrimination and protects the domestic new

Romania Transp Min Official: Certified Driving Instructors To Be Licensed Under New Rules

13:06, 25 Iun. 2009
Romania’s Transport Ministry secretary of state, Eusebiu Pistru, on Thursday said there will be drafted methodological norms whereby certified driving instructors will be licensed, to allow harsher checkups on driving instructors and force them to pay all taxes to the state budget.

Scholarships Will Match The Number Of Requests From Moldova, Ukraine – Romanian President

12:53, 25 Iun. 2009
Romanian president Traian Basescu said Thursday the Romanian state would be glad to receive as many scholarship requests as possible from Romanian speaking youths in Moldova and Ukraine, adding 70 youths from Transdniester will begin studying in Romania.

Romanian CFR’s Debts To Pwr Suppliers Won’t Be Written Off – Econ Min Off

12:50, 25 Iun. 2009
Three Romanian ministers discussed Wednesday about state-owned railway company CFR’s debts towards power suppliers, and, even though no final decision was reached during the talks, the possibility write off the debts was excluded.

EC Calls On Romania to Disacrd Household Energy Regulated Prices – Energy Watchdog Official

12:48, 25 Iun. 2009
The European Commission asks Romania to give up the household regulated electricity tariffs, in a notification on the startup of an infringement procedure, Thursday said Maria Manicuta, a manager in the country’s energy regulation authority ANRE.

Romanian Govt Sets New Terms For Farming Units Activity To Avoid EC Sanctions

12:10, 25 Iun. 2009
The Romanian Government decided that slaughterhouses, as well as units processing, storing, transporting and manufacturing animal products and by-products, will only function based on sanitary-veterinary licenses and prior official checkups, to avoid sanctions from the European Commission.

Romania’s Petrom Starts Exploring Kazakh Oil Field, In EUR180M Invest

11:52, 25 Iun. 2009
Romania’s dominant oil company Petrom (SNP.RO) announced Thursday to begin production on Kazakhstan’s Komsomolskoe oil field, through TOO Kom – Munai, in an EUR180 million investment.

Slovak Sky Europe Agrees To Pay Daily Taxes To Romanian Airport

11:42, 25 Iun. 2009
Airline company Sky Europe accepted paying daily, in cash, the airport services provided by the "Aurel Vlaicu" (Baneasa) Airport in Bucharest, so traffic is unfolding normally, airport general manager George Mihalcea told MEDIAFAX.

Over 200 Romanian Independent Driving Instructors Picket Transp Ministry HQ

11:36, 25 Iun. 2009
Over 200 Romanian independent driving instructors from all over the country are protesting in front of Transport Ministry building, urging the Romanian Road Authority (ARR) to annul the decision that bans driving schools from working with them.

Romanian Govt Eyes Cancelling Controversial Police Car Purchase Contracts

20:53, 24 Iun. 2009
The Romanian Government decided to take legal action in a bid to cancel the contracts concluded, last year, between the Romanian Police and the company Ager Leasing, for the purchase of police cruisers, Government sources told MEDIAFAX.

Romania Is A Transit Country On Heroin Traffic Route – UN Report

20:01, 24 Iun. 2009
Drug consumption is low among Romanian youths, but the country is part of the heroin transit route, according to 2009’s World Drug Report published Wednesday by the United Nations Office on Drugs and Crime (UNODC).

Romanian Govt Increases Most Gambling Taxes – Sources

19:56, 24 Iun. 2009
The Romanian Government decided to increase most gambling taxes and the minimum required share capital for the gambling license, Government sources told MEDIAFAX.

Romanian Public Procurement Watchdog Fined Ministries, Cos, Sports Clubs Over Faulty Purchases

17:10, 24 Iun. 2009
Romania’s public procurement watchdog ANRMAP applied last year nearly one hundred fines ranging between 5,000 and 140,000 lei (EUR1=RON4.2284) to ministries, public institutions, state-owned companies and sports clubs for breaches of public procurement procedures.

Romanian PM Asks Finance Ministry To Analyze Co-Financing Guarantees For All Programs

17:01, 24 Iun. 2009
Romanian Prime Minister Emil Boc asked the Finance Ministry on Wednesday to analyze the possibility to guarantee co-financing for all operational programs, after ministers complained that banks did not send letters of guarantee in time.

Romanian Govt To Hike Corporate Deposits Guarantee Limit To EUR50,000

16:53, 24 Iun. 2009
The Romanian Government will hike the guarantee threshold for companies' bank deposits to EUR50,000 from EUR20,000, after it increased the guarantee ceiling for household deposits in October.

Romanian Predeal City Hall To Invest RON17M In Ski Slopes

16:42, 24 Iun. 2009
The mayoralty of Predeal town, also a famed ski resort in Romanian central county of Brasov, plans to assign over 17 million lei (EUR1=RON4.2284), VAT not included, for landscaping works on ski slopes to meet international standards needed to organize the 2013 Olympic Festival for European Youth.

Romanians Depend Too Much On Social Welfare – President

16:13, 24 Iun. 2009
Romanian President Traian Basescu said on Wednesday that, in 2008, half of Romania’s population received social aid, which in his opinion is wasteful and is caused by “populist” political behavior.

Romanian Lawmakers OK Setup Of Committee To Check Contract Awarded By Environment Min

15:56, 24 Iun. 2009
Romania’s Chamber of Deputies approved Wednesday 186 to one vote and one abstention the creation of an investigation committee to look into the awarding by negotiation of an advertising contract by the Ministry of Environment in April.

Romanian Senate Adopts Law Whereby Local Councils Set Max No Of Taxi Licenses

14:37, 24 Iun. 2009
The Romanian Senate adopted on Wednesday a law whereby the maximum number of taxi licenses is to be fixed through a local council decision.

EC: Romania Must Reduce Budget Deficit Below 3% Of GDP By 2011

14:15, 24 Iun. 2009
The European Commission on Wednesday concluded that Romania is running an excessive deficit, and the country has to reduce the budget deficit to below 3% of the gross domestic product by 2011.