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Romanian President Calls On Govt To Stop Endless Talks With Unions On Labor Code

16:48, 05 Ian. 2011

Romania’s President Traian Basescu called on ministers to set precise deadlines during negotiations with unions on draft laws, including the Labor Code.

Romania’s President Pushes for Spring 2011 Schengen Accession

16:06, 05 Ian. 2011

Romanian President Traian Basescu on Wednesday called on the Government to “fight until the end” so the country will join the Schengen Area in April-May 2011, but stressed that Romania can not denounce the Cooperation and Verification Mechanism or thwart Croatia’s EU accession.

Romanian Opposition Parties Discuss Forming Alliance

13:47, 05 Ian. 2011

Romania’s three opposition parties have taken steps toward forming an alliance, as liberals are close to teaming up with conservatives and social democrats are considering an alliance with liberals for the next six to eight years.

Romanian President Calls On Magistrates Council To Hold Elections After Court Ruling

12:59, 05 Ian. 2011

Romanian President Traian Basescu on Wednesday called on the High Council of Magistrates to postpone electing a new president and vice-president until January 20, after the Constitutional Court rules over the validation of the council’s members.

Romania ’10 Budget Deficit At 6.6% Of GDP, Below IMF-Imposed Target – Sources

18:00, 04 Ian. 2011

Romania’s government sent a letter to the International Monetary Fund saying the country has met all requirements for a new tranche out of the EUR13 billion stand-by loan, including a budget deficit of 6.6% of the gross domestic product for 2010, people close to the matter told MEDIAFAX.

Romanian Official To Promote Historical Region Bukovina By Walking From Vienna

16:37, 04 Ian. 2011

One of the advisers of Romanian democrat liberal Gheorghe Flutur, president of the Suceava County Council, northeastern Romania, will walk the distance between Vienna, Austria, and Suceava to promote the tourism project "Pilgrim in Bukovina", financed with European funds.

Romanian Constitutional Court Clears Education Law

15:34, 04 Ian. 2011

Romania's Constitutional Court on Tuesday ruled that the education law, adopted through a vote of confidence in the Government, is constitutional and will be sent to the President.

Romania Ctrl Bk: Interest Rates On New Loans Rose In November

14:30, 04 Ian. 2011

Romanian banks raised in November the interest rates on new loans in both lei and euros, but maintained the interest on new deposits, according to central bank data released Tuesday.

Romania’s Electricity Consumption Up 4.7% In 2010

14:22, 04 Ian. 2011

Romania’s electricity consumption rose by 4.7% on the year in 2010, and is estimated to increase by at least 1% in 2011, according to state-owned power grid operator Transelectrica’s (TEL.RO).

Romanian Dacia Car Registrations In Spain Up 145% In 2010, To 21,392 Units

18:05, 03 Ian. 2011

Registrations of Romanian Dacia cars in Spain increased by 145% in 2010, to 21,392 units, from 8,725 cars in 2009, while the overall Spanish car market climbed 3.1% to 985,208 units, according to car importer association ANIACAM.

Romania Forex Reserves Fell Slightly To EUR32.4B In December

14:18, 03 Ian. 2011

Romanian foreign exchange reserves fell slightly to EUR32.43 billion in December, from a record of EUR32.8 billion in the previous month, central bank data showed Monday.

Romanian Dacia Saw Biggest Growth In New Car Registrations In France In 201

13:57, 03 Ian. 2011

Romanian carmaker Dacia’s new car registrations in France increased 70.9% on the year in 2010, while overall new car registrations saw a decline of 2.2%, according to the French carmakers’ association.

Romanian Constitutional Court To Rule On Magistrates Council New Member List Jan 19

12:56, 03 Ian. 2011

The Romanian Constitutional Court will rule on a notification brought to the recently validated list of new High Council of Magistrates (CSM) members on January 19.

Companies Established Outside Romania May Request 2009 VAT Refund By March 31, 2011

16:41, 31 Dec. 2010

The deadline for the submission of VAT refund requests for 2009 by taxable companies, which are not established or registered for this purpose in Romania, has been extended to March 31 next year, from September 30 this year, through a Government Decision.

Romanian Govt Indefinitely Postpones Electronic ID Card Introduction

10:56, 31 Dec. 2010

Romania's Government has decided to indefinitely postpone the introduction of the electronic ID card, which should have been issued starting with 2011, because of limited technical and financial resources and the need for a "simplified procedure."

Romanian Casinos To Charge Admission Fee – Amended Fiscal Code

10:33, 31 Dec. 2010

Casinos in Romania will have a 20 lei (EUR1=RON4.2877) cover charge, while establishments with slot machines will charge RON5 for admission, under the Fiscal Code, as amended by the Government.

Salaries Won In Court Subject To Social Security Taxes – Amended Romanian Fiscal Code

10:29, 31 Dec. 2010

Salaries awarded through court rulings and the wage earned by the president of a homeowners' association will be included in the gross income and will be subject to social security taxes, under Romania's Fiscal Code, as amended by the Government.

FOCUS: Proprietatea Fund’s Listing Cannot Lift The Bucharest Bourse Alone

18:58, 30 Dec. 2010

The listing of investment fund Fondul Proprietatea will not be enough to restore the Bucharest stock market to levels seen in the summer of 2007, without other initial public offers of large companies that would attract foreign interest, and a return to growth of the Romanian economy.

Romanian Govt Puts Off Hiking Taxes On Industrial Property Protection

18:52, 30 Dec. 2010

Romania's Government has postponed hiking the taxes on industrial property, charged to natural and legal persons, until 2012, considering that such an increase could reduce the number of requests for protection and affect innovation.

New Austerity Measures in 2011 Means This Year’s Decisions Weren’t Right – Romania’s Deputy PM

12:16, 30 Dec. 2010

Romania’s deputy Prime Minister and Democratic Union of Hungarians in Romania (URMR) leader Marko Bela said Thursday on RFI Romania that, if new austerity measures are required in 2011, it means all efforts made in 2010 “came to nothing”.

Romanian Homeowners Have Until July 15, 2011 To Get Mandatory Home Insurance

18:12, 29 Dec. 2010

Romanians must insure their homes within one year after the first mandatory home insurance policies were issued, namely July 15, 2010, the Interior Ministry said Wednesday.

At Least 8 Romanian Retail Proj Scheduled For Delivery In 2011

16:27, 29 Dec. 2010

Real estate developers scheduled for delivery in 2011 at least eight retail projects in Romania totaling a surface of over 230,000 square meters, 17% more than the total area of projects completed in 2009, according to property analysts.

Romania’s Return To Growth Depends On Fiscal Policy, Euro-Zone Recovery – Analysts

15:48, 29 Dec. 2010

Romania’s gross domestic product might grow by some 1% in 2011, after a 2% fall this year, but the economic growth depends on the domestic fiscal policy and the recovery of the European Union economies, analysts said.

Romanian PM Says Romania Has 1.27M State Employees, Layoffs To Continue

09:20, 29 Dec. 2010

Romania had 1.27 million public sector employees in November, more than the cap agreed with the International Monetary Fund, and layoffs will continue next year for the ministries of Administration and Finance, Prime Minister Emil Boc said late Tuesday.

Romanian President Passes State Budget, Social Security Budget, Wage Bills

18:59, 28 Dec. 2010

Romanian President Traian Basescu on Tuesday signed the 2011 state budget bill and social security budget bill, as well as the unitary wage and 2011 public sector wage bills into laws, the president’s office said in a statement.

Romanian Local Health Insurance Houses To Get 60% Of Local Healthcare Contributions

18:40, 28 Dec. 2010

Romania’s Government Tuesday approved an emergency decree directing 60% of the money collected as healthcare contributions to local county health insurance houses and the difference will be used to cover medical services in certain counties and investments for health insurance houses.

Over 50,000 Taxpayers In Romania Paid Income Tax Online Since Sept

16:46, 28 Dec. 2010

The number of Romanian taxpayer paying their income tax online has increased gradually over the past months, from 9,000 in September to over 50,000 in December, Finance Ministry state secretary Dan Lazar said Tuesday.

Romania Nov Overdue Loans Up 3.1% On Month To RON16.4B

15:54, 28 Dec. 2010

Romanian non-government overdue loans rose 3.1% on the month to 16.4 billion lei (EUR1=RON4.2871) in November, central bank data showed Tuesday.

Romanian Govt Lifts Exception Allowing Opening Of Drugstores In Train Stations, Shopping Centers

15:31, 28 Dec. 2010

Romania’s Government decided Tuesday to lift the exception allowing the opening of drugstores in train stations, airports and shopping centers, a procedure allowed since 2005, citing the already high number of drugstores in urban areas.

Romanian Constitutional Court Clears Unitary Wage Law

13:43, 28 Dec. 2010

The Romanian Constitutional Court on Tuesday ruled constitutional the unitary wage law for which the Government recently sought lawmakers’ confidence vote.

Romanian Constitutional Court Postpones Ruling On Education Law For Jan 4

13:40, 28 Dec. 2010

Romania’s Constitutional Court Tuesday postponed for January 4 a ruling on challenges brought to the recently adopted education law for which the Government sought lawmakers' confidence vote in October.

Romanian 2011 State Budget Law Ruled Constitutional

13:40, 28 Dec. 2010

Romania's Constitutional Court on Tuesday ruled the 2011 state budget law constitutional.

Romanian Constitutional Court Clears Consumer Loan Law

13:33, 28 Dec. 2010

Romania’s Constitutional Court on Tuesday rejected unconstitutionality claims raised by opposition liberals over the consumer loan law and cleared the bill the Parliament enacted last week.

Romanian Constitutional Court To Rule On Unitary Wage, Education Laws Tuesday

10:08, 28 Dec. 2010

The Romanian Constitutional Court on Tuesday will examine the notifications submitted by opposition parties, targeting the unitary wage law and the education law, for which the Government sought lawmakers’ confidence vote.

EU Grants RON515M For 45 Romanian Investment Projects

16:56, 27 Dec. 2010

Some 45 Romanian companies in several sectors of activity will receive non-reimbursable financing worth a total 515.3 million lei (EUR1=RON4.2878) for investment projects, through the “Increase of Economic Competitiveness” sectoral operational program, the Economy Ministry said Monday.