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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.

Romanian Automobile Dacia To Invest Over RON57M In New Engine Family

16:16, 27 Dec. 2010
Romanian carmaker Automobile Dacia will invest more than 57 million lei (EUR1=RON4.2878) into an engine block designed for a new family of engines, with RON20 million to be provided as non-reimbursable funds.

T-Bills To Cover Romanian Public Sector Wage Cuts In 2010 – Bill

14:45, 27 Dec. 2010
The Romanian opposition Social Democratic Party will put forward a normative act whereby the state will issue three-year treasury bills to cover a 25% public sector salary cut applied between July 1 and December 31, 2010.

Romania Nov Private Lending Down 3.9% On Year To RON208B

13:16, 27 Dec. 2010
Romanian private lending fell 3.9% in real terms to 207.9 billion lei (EUR1=RON4.2878) in November from the same month a year earlier, held down by local currency loans, central bank data showed Monday.

Type, Amount Of Additives Contained By Food Products To Be Signaled By Dots – Bill

13:05, 27 Dec. 2010
Romanian democrat liberal senator Dumitru Florian Staicu drafted a normative act whereby food products will have a green, orange or red dot on their wrappers or labels, according to the type and amount of food additives they contain.

Romania Interior Ministry Staff Numbers 25% Higher Than EU Average

15:42, 26 Dec. 2010
Romania’s Interior Ministry says it needs to cut back on staff because Romania has an average 500 police officers, military officers and public servants per 100,000 inhabitants, which is 25% higher than the European Union average.

Romanians Earning RON50,000 More Than Declared Income To Pay 16% Of Difference As Tax

19:23, 23 Dec. 2010
Individuals whose real income exceeds their declared income by at least 50,000 lei (EUR1=RON4.2855) will pay 16% of the difference as tax, said Romanian Finance Minister Gheorghe Ialomitianu.

Romanian Micro-Cos May Pay 16% Profit Tax Or 3% Income Tax – Govt Decision

18:43, 23 Dec. 2010
Romanian micro-companies will be able to opt between paying a 16% tax on profit, and a 3% tax on income, according to an amendment to the Fiscal Code adopted Thursday by the Government.

Romanian Opp Liberals Challenge 2011 State Budget Law At Constitutional Court

18:13, 23 Dec. 2010
Romanian opposition liberal deputies challenged the state budget for 2011 with the Constitutional Court.

Romanian Govt Decides To Hike Car Pollution Tax As Of Jan 2011

17:25, 23 Dec. 2010
The Romanian Government on Thursday decided to hike the car pollution tax by an average 45-50% starting 2011, and the tax will be set considering the age of the car, its engine size and the amount of pollution it produces, said Environment Minister Laszlo Borbely.

Romanian Opp Social Democrats Challenge Unitary Wage Law At Constitutional Court

14:40, 23 Dec. 2010
The Romanian Social Democratic Party on Thursday challenged the unitary wage law at the Constitutional Court, after the opposition’s no-confidence motion over the normative act was rejected in Parliament.

Bucharest Old Apartment Prices Down 20% YY In 4Q – Survey

13:11, 23 Dec. 2010
Prices of old apartments in Romania’s capital city Bucharest dropped by an average 20% year-on-year in the last quarter of 2010, according to a survey of property website MagazinulDeCase.ro.

Romanian Parliament Resumes No-Confidence Vote Meeting

11:59, 23 Dec. 2010
The Romanian Parliament has resumed the plenary meeting on the motion of no-confidence submitted by the opposition over the unitary wage law for the public sector, which the Government sought to adopt through a confidence vote last week.

Man Injured During Romanian Parliament Meeting Works For Public Television

11:57, 23 Dec. 2010
The man who jumped from the balcony of the Romanian Parliament’s plenary meeting room Thursday is Adrian Sobaru, 40, electrician with the public television TVR, people from the public television told MEDIAFAX.