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Romanian Tax Authority Says Galaxy Tobacco Illegally Made, Sold Cigarettes Worth EUR10M

11:49, 31 Mart. 2011
Romania’s National Customs Authority (ANV), a division of the country’s tax authority ANAF, has found cigarette maker Galaxy Tobbacco illegally produced and sold 100 million cigarettes, with a total market value of EUR100 million.

Romanian Pharmacies Can’t Sell Algocalmin Without Prescription As Of April 1

10:59, 31 Mart. 2011
Romania’s National Medicine Agency reminded Thursday that pharmacies are no longer allowed to sell algocalmin and other drugs containing metamizole without prescriptions as of April 1, according to a decision the agency adopted in 2010 in line with EU regulations.

Romania To Include Cogeneration Aid In Household Light Bills – Sources

18:43, 30 Mart. 2011
Romania’s household energy bills will grow by 4.5% come April 1, following the introduction of a contribution supporting low-emissions energy producers.

Poor Air Quality In Bucharest Killed Over 800 People Btw 2004-2009

17:23, 30 Mart. 2011
Over 800 Bucharest residents, who died between 2004 and 2009, could have been saved if the average annual level of fine particles found in the air had been kept within the limits set by the World Health Organization, shows a research conducted by an NGO.

Romanian Govt To Guarantee 50% Of „First Home” Loan Value

16:38, 30 Mart. 2011
Romania's Government has decided that the state will guarantee 50% of the value of loans through the "First Home" program, which will now be open to owners of homes with an area no larger than 50 square meters.

Romania Avg Bank Rate On New Loans Rises To 11.7% In February

14:57, 30 Mart. 2011
Romanian average banking interest on new loans in national currency leu rose by 1.58 percentage points to 11.7% in February, due to increased rates for new corporate lending, central bank data showed Wednesday.

Romanian Senate Passes Bill Raising Hospital Food Funds By 30%

14:10, 30 Mart. 2011
Romania’s Senate on Wednesday adopted a bill raising funding for food served to patients in hospitals by over 30%, to cover inflation and the five percentage point hike in the sales tax.

Around 70 Romanian Pensioners Protest In Bucharest

13:36, 30 Mart. 2011
Around 70 Romanian pensioners are protesting in Bucharest, outside the headquarters of ruling party PDL and the Ministries of Labor and of Health, demanding a higher pension point, the elimination of co-payment in healthcare and of the 5.5% health insurance contribution.

Romanian President Informs Parliament On Defense Council Decisions On Libya, Afghanistan

12:33, 30 Mart. 2011
Romania’s President Traian Basescu sent two letters to Parliament informing the legislative on the recent decisions adopted by the country’s defense council to send troops to Afghanistan and help enforce an embargo on arms in Libya.

EU: Romania Can Allocate Free Greenhouse Allowances During 2013-2019

19:06, 29 Mart. 2011
Romania may allocate a limited number of free carbon dioxide (CO2) emission certificates to power stations between 2013 and 2019, according to a European Commission decision Tuesday.

Romanian Car Brand Dacia Ranked Fifth In ’10 Regarding CO2 Emissions

17:49, 29 Mart. 2011
Romanian car brand Dacia climbed to the fifth position last year, from the sixth position in 2009, regarding carbon dioxide emissions, according to a research conducted by car consultancy company Jato Dynamics.

Bucharest Ranks 39 In World’s Highest Industrial Rents Chart

17:28, 29 Mart. 2011
Bucharest climbed three positions, to 39, among the 53 most expensive cities in the world with respect for industrial space rents, according to a study published Monday by real estate brokers and consultants Cushman & Wakefield.

Romanian Lower Chamber Adopts Bill On Day Labor

16:42, 29 Mart. 2011
Romania's Chamber of Deputies adopted Tuesday a bill on day labor, with 158 votes for, 128 against and two abstentions, which says day laborers must pay a 16% income tax.

Romania To Rely On Pwr Imports If Nukes Not Built – Nuclearelectrica

16:28, 29 Mart. 2011
Romania will become dependent on electricity imports if nuclear reactors 3 and 4 are not built at Cernavoda nuclear power plant, according to Pompiliu Budulan, the general manager of state-owned nuclear energy company Nuclearelectrica, which is the plant’s operator.

Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% – Poll

16:26, 29 Mart. 2011
Romania's central bank is likely to leave its key rate unchanged for the seventh straight time at 6.25% a year during its next monetary policy meeting March 31, as it continues to battle high inflation, the association of financial and banking analysts AAFBR said Tuesday.

Romanian Hospitals That Fail To File Reorganization Requests By April 1 Won’t Receive Funds

16:20, 29 Mart. 2011
The Romanian Labor Ministry will not disburse funds to hospitals included in a reorganization program aimed to develop a network of nursing homes if they do not submit requests to be turned into care homes by April 1, Health Minister Attila Cseke said Tuesday.

Erste: Romania Sovereign Rating May Be Raised In 2012

14:53, 29 Mart. 2011
Romania’s sovereign rating could be upgraded in the next year, provided fiscal reforms continue, Austrian Erste Group said in a report Tuesday.

Bucharest Henri Coanda Intl Airport Opens New Terminal

14:50, 29 Mart. 2011
The second passenger terminal building of the Henri Coanda International Airport in Otopeni, near capital Bucharest, has been inaugurated Tuesday in the presence of Prime Minister Emil Boc, Transport Minister Anca Boagiu and several EU ambassadors to Bucharest.

Romtelecom Buys DCS TV Service Assets, Client Base

14:28, 29 Mart. 2011
Telecom operator Digital Cable Systems (DCS) announced Tuesday that it has sold its assets and contracts with the clients of TV service AKTA Satelit to Romanian operator Romtelecom.

No Bidders For Bankrupt Bucharest Property City Mall

14:04, 29 Mart. 2011
The first auction to sell the bankrupt City Mall in Bucharest failed to draw bids, prompting liquidator Casa de Insolventa Transilvania to set up another auction on April 20.

EUROPAfest 2011 Music To Seize Bucharest Btw May 7-13

12:42, 29 Mart. 2011
The 2011 edition of EUROPAfest, one of the most reviving international musical events in capital Bucharest, will take place between May 7 and 13, according to jmEvents, the organizer of the event.

Romania Pays Interests Of 2%-3.4% A Year On Bailout Loans

11:29, 29 Mart. 2011
Romanian Finance Ministry will pay an interest between 2.375% and 3.375% a year for the first three installments of a EUR5 billion loan from the European Union, according to the government’s public debt management strategy for 2011-2013.

Romanian Senate Rejects Tax Exemption For Pensions Below RON2,000

19:04, 28 Mart. 2011
The Romanian Senate on Monday approved with 62 to 55 votes President Traian Basescu’s request to reexamine the bill whereby pensions lower or equal to 2,000 lei (EUR1=RON4.1065) will be exempt from income tax, after the request was put to the vote again.

Romanian MEP Adrian Severin Resigns From Social Democratic Party

18:11, 28 Mart. 2011
Romanian MEP Adrian Severin on Monday resigned from the Social Democratic Party, amid accusations that he was prepared to accept EUR100,000 to support certain amendments in the European Parliament.

Romania 2010 Gas Consumption Up 4.8% To 146.7M MWh

15:37, 28 Mart. 2011
Romanian natural gas consumption rose 4.8% to 146.7 million MWh in 2010, from around 140 million MWh a year earlier, the country’s energy regulator ANRE said in a report Monday.

Deutsche Telekom, France Telecom Mull Combining Romanian Mobile Networks

14:05, 28 Mart. 2011
Deutsche Telekom and France Telecom, who last year merged their operations in the UK, are now planning to combine their networks in Austria and Romania, to save costs, says German newspaper Handelsblatt, citing sources in the French company's management.

Romania 4Q ‘10 Jobless Rate Rises To 7.3%

12:56, 28 Mart. 2011
Romania's unemployment rate grew to 7.3% in the fourth quarter of 2010, from 6.9% in the previous quarter, the country’s statistics institute INS said Monday.

Romanian Transp Minister Wants To Up EU Fund Absorption Rate To 20% In 2011

12:56, 28 Mart. 2011
Romanian Transport Minister Anca Boagiu wants to increase the level of European fund absorption by 16 percentage points, from 4% to 20% by the end of 2011.

Romania To Close 1,000 Km Of Railroad, Lease Out 4,000 Km

12:11, 28 Mart. 2011
Romania will close one thousand kilometers of unessential railway infrastructure and 4,000 kilometers will be leased to private railway transport operators, Transport Minister Anca Boagiu said Monday.

Romanian Managers See Growth In Industry, Retail, Services In Mar-May

12:00, 28 Mart. 2011
Romanian managers expect relative stability in retail, mild growth in services and solid growth in industry and construction between March and May this year, compared to the previous three months, the country’s statistics institute INS said Monday.

About 150 Romanian Teachers Picket Education Ministry HQ

11:03, 28 Mart. 2011
About 150 teachers from schools in the northeastern Romanian counties of Botosani and Suceava are picketing the Education ministry in Bucharest Monday, in protest to not having received their salaries for February.

Romanian Transp Min Proposes Closing 1474 Km Of Public Railroad

14:59, 27 Mart. 2011
Romania's Transport Ministry has asked the Government to close 1474 km of unessential railway infrastructure, thereby cutting public spending on their maintenance and directing the funds to more important segments.

Romanian Cos To Be Fined For Breaking Financial Audit Obligations – Draft

14:13, 27 Mart. 2011
Romanian firms that are required to audit their yearly financial reports will be fined 30,000-40,000 lei (EUR1=RON4.0881) for failing to do so, and this obligation will now apply to state companies, central depositories and foundations receiving EU funds.

Romania To Relax Accounting Rules For Cos With Sales Below EUR35000

13:31, 27 Mart. 2011
Any graduate of university economic studies will be allowed to do accounting for Romanian companies with sales and assets below EUR35,000, says a draft emergency ordinance amending the law on accounting, obtained by MEDIAFAX.

Romanian Public Spending „Infested” By Inefficiency – IMF Official

17:04, 26 Mart. 2011
Romania must continue fiscal consolidation to reduce the budget deficit to under 3% by 2012, especially given its poor absorption of European funds and public spending "infested" by inefficiency, said IMF mission chief Jeffrey Franks.

EXCLUSIVE: Romanian Govt Arrears Almost Eliminated, Focus Moves To Cos’ Debts – IMF Official

16:44, 26 Mart. 2011
Romania's government arrears have been almost eliminated and the law now allows tighter local control, so the next issue will be the debts of state-owned companies, said IMF mission chief Jeffrey Franks.

Romania Must Improve Tax Collections, Slash Arrears, Costs To Lower Deficit – IMF

15:47, 26 Mart. 2011
Continued efforts to improve tax collections, tackling expenditure pressures, particularly in the health sector, and reducing arrears will be crucial to sustain the Romanian budget deficit's reduction, said the International Monetary Fund (IMF).

Romanian Opp Liberal Party To File Five Motions On Healthcare

13:36, 26 Mart. 2011
Romania's opposition Liberal Party will file five simple motions on healthcare, in the following weeks, former Health Minister Eugen Nicolaescu said Friday in a press conference.

Romania’s Budget Posts Deficit Of 0.4%/GDP In Jan-Feb

18:57, 25 Mart. 2011
Romania’s consolidated budget posted a deficit of 2.3 billion lei (EUR1=RON4.0881) in the first two months of the year, compared with RON5.8 billion in the same period of 2010, Finance Ministry data showed Friday.

IMF OKs Final Review Of Stand-by Accord, New Deal Terms

17:41, 25 Mart. 2011
The Executive Board of the International Monetary Fund on Friday approved the final review of a EUR13 billion stand-by arrangement with Romania, and the terms of a new, precautionary deal that will start on March 31, an IMF official told MEDIAFAX.