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Romanian Carmakers Require Payment Delay For 50% Of Their Due VAT

12:23, 12 Mart. 2009

The Association of Romanian Carmakers (ACAROM) asked the government to grant carmakers a delay for the payment of 50% of the value added tax not only for this year, but also for the next.

Hard Access To Loans Will Kill Romanian Auto Market – Dacia GM

12:08, 12 Mart. 2009

The Romanian auto market risks to be smothered unless access to loans is eased and the government’s car park renewal program might fail to replace the 60,000 old cars planned, said Thursday Francois Fourmont, general manager of Romanian carmaker Automobile Dacia.

Romanian Carmakers Want Car Tax Kept Until 2010

12:01, 12 Mart. 2009

Romania’s Automotive Manufacturers and Importers Association, or APIA, urged the authorities to maintain the existing tax on car’s first registration until the end of the year, arguing the proposed yearly tax is not a solution to aid the auto industry.

Two Arrested In Internet Fraud Case In W Romania

10:33, 12 Mart. 2009

Two of the IT crime suspects heard Wednesday in Timisoara, western Romania, were placed under preventive arrest late Wednesday for allegedly having cloned websites of banks causing damages of EUR350,000.

Three Detained For Fraudulent Driving License Release In C Romania

10:15, 12 Mart. 2009

Three people, including an agent of the local driving license service, were detained in the case of fraudulent release of driving licenses and registrations of cars in Sfantu Gheorghe, central Romania, General Anticorruption Department (DGA) spokesperson Sarmizia Fetcu said Thursday.

Romania, Czech Police Crack Human Trafficking Ring

19:39, 11 Mart. 2009

Police have arrested nine Romanian and Ukrainian nationals suspected of forcing 40 Romanians, including minors, to work at a farm in Czech Republic, without payment, Romanian Police said in a statement Wednesday.

False Media Info Condemned Under New Romanian Civil Code

17:30, 11 Mart. 2009

The new Romanian Civil code will establish, aside from the freedom of the press and the right to retort, the right to demand reparations for material and immaterial damages resulting from false information reported by mass-media, Minister of Justice Catalin Predoiu said Wednesday.

IMF May OK Wage Adjustment To Inflation If Romania Adopts Unitary Pay Law

17:25, 11 Mart. 2009

The increase of public salaries with the inflation rate forecasted for this year might be accepted by the International Monetary Fund, or IMF, if Romanian authorities quickly adopt a "correct" unitary pay law for the personnel in the budget system, official sources told Mediafax Wednesday.

Romania To Get Bailout Funds In Tranches, If All Terms Observed – EU Official

16:21, 11 Mart. 2009

European Commission's financing for Romania will be a "back-to-back" loan and will be given in tranches, if all conditions set up with Romanian authorities are observed, Amelia Torres, the spokesperson of EU Monetary Affairs Commissioner Joaquin Almunia, stated Wednesday.

Romanian President: I Wish Romania Needed No IMF Deal

16:09, 11 Mart. 2009

Romania’s President Traian Basescu said Wednesday on the public radio station that he, as well as other politicians, wished Romania didn't need to borrow money from the International Monetary Fund, or IMF.

Germany’s TUI Comes To Romania For Negotiations End April – Min

15:56, 11 Mart. 2009

Romanian Tourism Ministry and hotel owners will carry out negotiations with Germany’s TUI end April in an attempt to persuade the leading world travel operator to resume operations in Romania, Tourism Minister Elena Udrea said Wednesday.

Romanians’ Contribution To Public Health Insurance Might Increase To 6-6.5% This Year

15:55, 11 Mart. 2009

The Romanian Ministry of Health intends to increase the social health insurance contributions (CASS) from 5.2-5.5% of employees' gross wage to 6-6.5%, a move that will add RON2.7 billion to the social health insurance budget, state secretary Aurel Nechita said Wednesday.

Romanian Prosecutors Detain 22 IT Crime Suspects

15:49, 11 Mart. 2009

The number of people taken in for hearings Wednesday on suspicions of IT crimes increased to 22, local police said.

Dracula Myth To Be Promoted Internationally By Romanian Ministry Of Tourism

15:41, 11 Mart. 2009

Romania will promote the myth of Dracula internationally and will try to keep Bran Castle in the tourist circuit, Romanian tourism minister Tourism Elena Udrea said Wednesday at the International Tourism Fair in Berlin, Germany.

Romania May Ask IMF For 2-Yr Stand-By Agreement – Sources

15:37, 11 Mart. 2009

Romania will send the International Monetary Fund, after concluding the negotiations in Bucharest, a letter of intent requiring a two-year stand-by agreement, with five years to reimburse the loan, official sources told MEDIAFAX.

Romanian Typical Bk Debtor: 20, Male, Lives In Giurgiu – Survey

15:20, 11 Mart. 2009

Romania’s typical debtor is a man, aged 18-20, who lives in the southern county of Giurgiu and who takes out consumer loans, according to a survey by the Romanian Credit Bureau released Wednesday.

Romania’s Rating Downgrade Should Not Influence IMF Loan Negotiation

15:00, 11 Mart. 2009

Romania’s rating downgrade to below "investment grade" should not influence the negotiations between the local authorities and the International Monetary Fund on a loan agreement, the National Bank of Romania’s chief economist Valentin Lazea said Wednesday.

C Romanian County Brasov To Have New Tourism Brand, „be.live.it”

14:37, 11 Mart. 2009

The Association for the Promotion and Development of Tourism in Brasov (central Romania) will launch, in the International Tourism Fair in Berlin, which will be "be.live it", the Ministry of Tourism announced Wednesday.

Bringing Snowdrops Into Hungary Is A Crime

13:29, 11 Mart. 2009

Hungarian authorities notified Romanian border authorities in the county of Arad that bringing snowdrops into Hungary is a crime, as the plant is protected by law.

Romanian Economy May Enter Technical Recession After 1Q – Raiffeisen Analyst

12:46, 11 Mart. 2009

Romania will probably enter a technical recession following the first quarter, as the country’s gross domestic product fell by 3% in the last quarter of 2008 compared with the previous quarter, Raiffeisen Bank chief economist Ionut Dumitru said Wednesday.

Romanian Loteria I Tax Evasion Case Files Sent To Constitutional Court

12:19, 11 Mart. 2009

The Romanian Supreme Court allowed the request for the suspension of the case Loteria I, where businessman George Copos is on trial for tax evasion, and sent the case to the Constitutional Court, as lawyers raised an exception on jurisdiction should the defendant change status.

Nineteen Investigated For Fraudulent Driving License Release In C Romania

12:08, 11 Mart. 2009

Nineteen people are being investigated over the fraudulent release of driving licenses and registrations of cars in Sfantu Gheorghe, central Romania, following extensive searches Wednesday morning, the General Anticorruption Department (DGA) said.

Romanian Ctrl Bker: An IMF Loan Would Support Forex Reserves, Foreign Investors’ Trust

10:44, 11 Mart. 2009

A potential loan from the International Monetary Fund would protect Romania’s foreign currency reserves and would send a strong signal to strengthen foreign investors’ confidence, National Bank of Romania’s chief economist Valentin Lazea said Wednesday.

Romanian Prosecutors Search Homes Of Suspected Hackers

10:14, 11 Mart. 2009

Romanian prosecutors are searching Wednesday morning homes of people suspected of having hacked into servers of universities in the United States, NASA and illegally cloned websites of banks in the European Union to get credit card information.

Romania’s Feb CPI +0.88% M-M, Annual Inflation Widens To 6.89% – 2

10:04, 11 Mart. 2009

Romania's consumer price index rose by a higher-than-expected 0.88% in February, compared with the previous month, and the annual inflation widened to 6.89%, from 6.71% end-January, the National Statistics Institute, or INS, reported Wednesday.

Moody’s Places Romania In Second Rating Risk Category

18:56, 10 Mart. 2009

Rating agency Moody’s grouped emergent states into four risk categories and placed Romania, Bulgaria and Croatia in the second category, that of countries whose credit fundamentals are resilient but which could be subject to some rating volatility should assumptions of support prove unfounded.

Romanian Auth Starts ’09 Edition Of Car Park Renewal Program

16:51, 10 Mart. 2009

Car makers Dacia, Renault-Nissan, Hyundai, Opel and Chevrolet received the largest shares in the first stage of the program aimed at stimulating the renewal of the Romanian car park, namely 1,731 units each, according to the Romania Environment Fund Administration (AFM).

Romanian Insurers To Allow Amiable Car Crash Acknowledgment Come Jul 1

16:12, 10 Mart. 2009

The amiable solution of traffic accidents resulting in light material damages alone will be applied starting with July 1, after the conclusion of a protocol between car insurance companies at the end of March, said the president of the Romanian insurance system regulator, Angela Toncescu.

Romania Might Increase Scrap Bonus In Car Park Renewal Program

16:09, 10 Mart. 2009

The scrap bonus the Romanian government grants to people who scrap their old cars and buy new ones under the country’s car park renewal program could be further increased this summer if few cars are sold during the first stage of the program, environment minister Nicolae Nemirschi said Tuesday.

Romania Plans To Borrow EUR19B From EU, IMF – Sources

15:18, 10 Mart. 2009

The Romanian Government intends to borrow EUR19 billion from the European Commission and the International Monetary Fund, following an evaluation made by the Finance Ministry and the central bank, government sources told MEDIAFAX.

Some 60,000 Romanian Textile Industry Employees Might Lose Their Jobs – Employers

15:00, 10 Mart. 2009

Twenty percent of the employees of the Romanian textile industry, some 60,000 people, could be fired this year, due to a lack of demand, Maria Grapini, the president of the textiles employers' association, said Tuesday in a press conference.

Romanian Parliament Clears EUR143M State Aid For Ford

15:00, 10 Mart. 2009

Romania's Chamber of Deputies approved Tuesday the Emergency Ordinance granting an EUR143 state aid to Ford Motor Company, which bought last year a car factory in the country's southern city of Craiova.

Romanian Cos To Pay Lower Taxes For Devalued Properties In ’09

14:34, 10 Mart. 2009

Romanian companies can pay a lower tax on buildings this year, if they reevaluate their properties, since the market value of said properties decreased, reaching the lowest level in the past two years, according to representatives of real estate company MediaCity.

Romanian Mandatory Home Insurance Law To Be Enforced As Of July 1

14:02, 10 Mart. 2009

The law regarding mandatory home insurance will come into force on July 1, as it was first established, Angela Toncescu, the president of the Romanian Insurance Supervision Commission, said Tuesday.

Romanians’ Gains From Realty Trades May Be Levied 16% Tax

14:02, 10 Mart. 2009

Romanian population’s gains from real estate transactions for commercial purpose may be subject to a 16% tax in the new Fiscal Code, according to Paul Coman, adviser with the National Fiscal Administration Agency ANAF.

Romanian Defense Council Meets In Session Thursday

13:55, 10 Mart. 2009

Romania’s Supreme Defense Council will meet in session Thursday at the presidential palace to discuss Romania’s objectives at the NATO summit in Strasbourg/Kehl, the restructuring of the country’s border police and the implementation of the Border Security Integrated System, the President’s office said Tuesday.

Romanian Govt Officially Asks EC For Financial Package

13:48, 10 Mart. 2009

The Romanian Government sent the European Commission, or EC, a letter asking for the official start of negotiations for a financial agreement, government sources told MEDIAFAX Tuesday.

Weapons, Ammo Found While Tearing Down A House In W Romania

13:24, 10 Mart. 2009

Seven pistols and almost three hundred bullets were discovered while tearing down a building in Galsa, in the western Romanian county of Arad. The arms were hidden inside the wall.

Santana To Play Romanian Festival B’estfest On July 4

12:46, 10 Mart. 2009

Legendary guitarist Carlos Santana will have a concert in the Romanian capital city of Bucharest on July 4, during this year’s edition of B'estfest festival.

Romania Might Introduce Annual Tax On Motorcycles, Depending On Emissions

12:17, 10 Mart. 2009

The law which will replace the Romanian car pollution tax will go through Parliament this year and will provide for the annual taxation of motorcycles, according to the quantity of emissions, Romanian environment minister Nicolae Nemirschi said Tuesday.