English

Romania Won’t Exempt Reinvested Pft From Taxation In ’09

17:15, 14 Mai 2009
Romania’s Government will not exempt this year the tax on reinvested profit, and the fiscal incentive will be introduced in 2010 only for "certain activities," according to the revised version of the Convergence Program, obtained by MEDIAFAX.

Romania Pres, Supreme Court Head, Parl Leaders To See Highest Wages Over Next Yrs- Official

16:33, 14 Mai 2009
Romania's President, Supreme Court head, Senate chairman and Chamber of Deputies speaker will have the highest salaries in the public sector over the next years, Valentin Mocan, state secretary with Romania’s Labor Ministry, said Thursday.

Romania’s Govt Plans New Budget Revision This Summer

16:21, 14 Mai 2009
Romania’s Government plans to revise again in the summer the state budget and the state social insurance budget for 2009, during the parliamentary vacation, according to a normative act drafted by the government.

Romania Labor Min, Social Partners Meet For Talks On Job Openings May 19

15:55, 14 Mai 2009
Romanian Labor Minister Marian Sarbu is to meet the representatives of trade unions and employers’ associations on May 19 to talk about the unionists’ proposals concerning job openings and keeping the existing ones, unionists said Thursday.

Romanian Civil Code Bans Same Sex Marriage, Doesn’t Recognize Such Unions Performed Abroad

15:30, 14 Mai 2009
The Romanian Civil Code bans same sex marriage and doesn’t recognize such marriages legalized abroad, the president of the parliamentary commission drafting the code, Daniel Buda, said in a press conference Thursday.

Romanian Corruption Suspect Aurelian Bogaciu Released From Custody

14:57, 14 Mai 2009
Romanian football referee Aurelian Bogaciu, arrested for 29 days under charges of taking bribe, will be released Thursday according to a decision of the Pitesti Court of Appeal, which rejected the appeal formulated by prosecutors to the Arges Court decision not to extend his arrest.

Romania’s Petrom Hikes Gas, Diesel Oil Pump Prices By RON0.03/Liter

14:10, 14 Mai 2009
Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), hiked Thursday its gasoline and diesel oil pump prices by 0.03 lei (EUR1=RON4.1574) per liter, the company said in a statement.

Romanian 1Q GDP Dn 2-4.1%, Analysts See Technical Recession

13:11, 14 Mai 2009
Romania’s gross domestic product, or GDP, fell 2%-4.1% on the year in the first quarter, according to economic analysts, while part of them say the economy might have already entered technical recession based on its first quarter evolution.

Over 7,000 Unionists Rally Thursday In Bucharest Demanding Job Security

13:03, 14 Mai 2009
Over 7,000 unionists affiliated to Romania’s National Union Bloc (BNS) have started an ample rally Thursday in Bucharest, demanding the keeping of jobs and affordable prices for basic services.

Romanian Automobile Dacia Extends Work Schedule On Higher Demand

12:18, 14 Mai 2009
Romania’s automaker, owned by French Group Renault, will start to produce cars on Saturdays, between May 23 and July 31, using two work shifts, in order to cope with high demand and honor its orders.

Romanian Salaries Should Not Rise Above Inflation To Avoid Price Hikes- Ctrl Bk Adviser

12:11, 14 Mai 2009
Adrian Vasilescu, adviser of the central bank’s governor, stated Thursday that the salary hike in 2009 should not exceed inflation rate, estimated at 4.4% for this year, adding that unjustified hikes should be avoided as they would only trigger price hikes.

Bulgarian Organizers Of Depeche Mode Gig In Sofia Say Bucharest Concert Was Cancelled

09:57, 14 Mai 2009
Bulgarian promoters Sofia Music Enterprises, organizing the concert of electro-pop pioneers Depeche Mode in Bulgaria, scheduled for Monday, told MEDIAFAX Wednesday the band’s Bucharest gig was canceled along with those in Athens and Istanbul.

Romanian Ex PM Willing To Run For Soc Dem Party Presidency If Current Leader Becomes President

09:46, 14 Mai 2009
Romania’s former social democrat prime minster Adrian Nastase said late Wednesday on Realitatea TV that he would be interested in running for president of the Social Democratic Party if current president Mircea Geoana gets elected head of state.

Radiation And Confidentiality Bonuses For Romanian Military Temporarily Put Off

19:41, 13 Mai 2009
Bonuses for working in an irradiated environment and bonuses for confidentiality will no longer be paid, as of May, to Romanian military staff, as a temporary measure dictated by the budget revision, Romanian Defense Ministry spokesman Costi Spanu said.

Romanian Politicians Treat Econ Crisis Too Dramatically – Ctrl Bk Head

18:56, 13 Mai 2009
Romanian politicians treat the economic crisis in an overstressed way, and they should apply already tested solutions, the central bank’s governor Mugur Isarescu said Wednesday.

Romania’s Bks To Notify Insolvent Clients To Ctrl Bk In 2-Days

18:43, 13 Mai 2009
The Romanian banks should send the central bank BNR, as of next week, information on the clients subject to insolvency procedure, in two working days from the clients' notification.

Bucharest Apartment Prices Unchanged On Month In April – Colliers

18:42, 13 Mai 2009
The average price of both old and new apartments in Romania’s capital city Bucharest was flat on the month in April, after the sharp depreciation in March, real estate consultancy firm Colliers International said Wednesday in its most recent price index.

Decision To Adopt Responsibility For Codes Must Be Taken In Coalition – Romanian PM

16:13, 13 Mai 2009
The decision that the Romanian Government take responsibility before Parliament for the legal codes will be taken in the ruling Coalition, Prime Minister Emil Boc said Wednesday.

Romanian Parliament Rejects Liberals’ No-Confidence Motion

14:31, 13 Mai 2009
Romania’s Parliament voted 272 to 130 to reject the no-confidence motion submitted by opposition liberals and backed by the Hungarian minority party.

Romanian Holiday Tickets Still To Gain Popularity – Tour Operators

14:27, 13 Mai 2009
Romania’s recently introduced holiday tickets for employees seem to lack popularity, as tour operators have yet to receive vacation requests from people who wish to use the tickets to pay for their vacation, officials of tour operators said Wednesday.

Vinci-Aktor Consortium To Build Comarnic-Brasov Hwy Segment – Romanian Transp Min

13:46, 13 Mai 2009
Romania’s transport minister Radu Berceanu said Wednesday that the consortium formed of companies Vinci Concession, Aktor Concession, Vinci Construction Grand Projets and Aktor won the auction for the construction of a highway segment to link central Romanian cities of Comarnic and Brasov.

Romanian Transport Min Blasts Transporters For Poor Road Quality

13:36, 13 Mai 2009
Romanian transport companies are the ones bringing the most damage to roads, and some of them don’t pay road toll, put too much cargo in their trucks and "are the first ones to complain about the bad roads," said transport minister Radu Berceanu in a press conference.

Romanian Justice Min Says Social Democrats Attacks Against Him Political

13:31, 13 Mai 2009
Romanian justice minister Catalin Predoiu said Wednesday, referring to the Social Democratic Party’s intent to demand his dismissal in case the European Commission’s report on the justice system is unfavorable, that some are interested in politics, he is interested in running projects.

EC Launches Excessive Deficit Procedure Against Romania

13:03, 13 Mai 2009
The European Commission initiated Wednesday the excessive deficit procedure for Romania, which posted a budget deficit of 5.4% of the gross domestic product in 2008, after concluding the excess was not exceptional and temporary.

Depeche Mode Romanian Gig Uncertain Following Frontman’s Illness

11:45, 13 Mai 2009
The concert of electric-pop pioneers Depeche Mode scheduled for May 16 in Bucharest is uncertain following the frontman’s state of health, but organizers Emagic said they are expecting news about Gahan Wednesday.

Romanian PM Blasts Former Liberal Govt Over Country’s Ailing Economy

11:25, 13 Mai 2009
Romanian Premier Emil Boc said Wednesday in the plenary Parliament meeting on the no-confidence motion "The great PDL-PSD hoax" that the European Commission’s decision to launch excessive budget deficit procedure against Romania represents the actual no-confidence motion.

Romania Makes It Into 2009 Eurovision Song Contest Final

09:31, 13 Mai 2009
Romania's contender for the Eurovision 2009 Song Contest, Elena Gheorghe, and her song "The Balkan Girls" qualified for the Eurovision final to take place Saturday, May 16, after the first semi-final held Tuesday night at the Olimpiyskiy Arena in Moscow.

EIB OKs EUR600M Loan To Ford For Operations In Romania, Germany

20:04, 12 Mai 2009
The European Investment Bank approved Tuesday a EUR600 million loan to US carmaker Ford, for the construction and operation of a vehicle and engine plant in Craiova, Romania, and for research and development related activities for the plant carried out in Germany.

Romanian Court Rules To Release One Football Corruption Suspect, Four Others Remain In Custody

18:32, 12 Mai 2009
Romania’s Pitesti Appeal Court decided Tuesday to release former Central Referee Commission vice-president Marcel Lica, while the other suspects in the referee corruption case will remain under arrest for another 30 days.

American Plane Headed For Qatar Makes Emergency Landing In E Romania

18:00, 12 Mai 2009
An American Hercules C – 130 military plane, carrying 32 people, going from Bucharest to Qatar, made an emergency landing Tuesday on the "Mihail Kogalniceanu" airport, in eastern Romanian city Constanta, when pilots noticed smoke coming out of the control panel.

Romanian Social Democrats To Request Justice Min Dismissal If EC Report Unfavorable – Sources

16:54, 12 Mai 2009
The Romanian Social Democratic Party (PSD) will request the dismissal of justice minister Catalin Predoiu in case the European Commission’s report on the Romanian justice system is unfavorable, party sources said.

Quake With 4.2 Richter Magnitude Felt Tuesday Morning In C Romania

15:48, 12 Mai 2009
An earthquake with a 4.2 magnitude on the Richter scale occurred Tuesday morning at 04.15 local time, in central Romanian region Vrancea, and it was not felt in Bucharest, according to the Romanian National Institute for Research and Development in Earth Physics.

Romania’s Govt To Decide On Minimum Tax After Evaluating Econ Growth – PM

15:40, 12 Mai 2009
Romania’s Government will evaluate the impact of the minimum tax on companies and will make a decision in this respect according to the evolution of the country’s economy, Prime Minister Emil Boc said Tuesday.

Romanian Transp Min Shuts Down Unprofitable Rail Route

15:00, 12 Mai 2009
Romania’s Transport Ministry will end the service on the rail route connecting Bucharest northern train station to Otopeni Airport due to losses, minister Radu Berceanu said Tuesday.

Former Romanian General Released From Prison For One Year On Health Issues

14:57, 12 Mai 2009
The Romanian Territorial Military Court of Bucharest approved, on Tuesday, former General and Defense Minister Victor Athanasie Stanculescu’s request to interrupt his 15-year prison sentence and decided to release him for one year, so that he could solve his health problems.

Romanian President Replies To Senate Head’s Open Letter

14:28, 12 Mai 2009
Romanian president Traian Basescu sent a letter Tuesday to social democrat leader and Senate chairman Mircea Geoana regarding the debates on the legal codes.

Citi Sees Romanian Leu At RON3.95 Vs Euro By Yearend

13:48, 12 Mai 2009
Citi analysts revised down their forecast on Romanian leu exchange rate at the end of 2009, at RON3.95 to the euro, from its previously estimated RON4.2 against the euro, the bank said in a report.

Romanian Social Democrat Head At Odds With President Over Adoption Of Legal Codes

13:40, 12 Mai 2009
Romania’s Social Democratic Party (PSD) president, Mircea Geoana, said Tuesday that president Traian Basescu’s accusations alleging he plans to boycott the adoption of the country’s legal codes are absurd, adding Basescu plans to lay all the blame on the Parliament and the social democrats.

Romania’s PC Software Piracy Rate Dn 2 Points In 2008, To 66%

13:20, 12 Mai 2009
Romania’s PC software piracy rate decreased two percentage points in 2008, to 66% from 68% in 2007, while losses in the local software industry increased 65% to $249 million, according to a report of Business Software Alliance (BSA) published on its official website.

Contesting Public Procurement Auctions, Romania’s New National Sport – Transport Min

12:26, 12 Mai 2009
Contesting public procurement contract awarding has become a national sport in Romania, where contenders challenge auctions just to stop the auction winner from starting works and block the use of national and EU funds, Romanian transport minister Radu Berceanu said Tuesday.