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Romania May Sell Additional Shares In Romgaz After Bucharest Listing

15:03, 16 Ian. 2011
Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by MEDIAFAX.

Romanian Drivers Required To Use Snow Tires In Winter – Draft

14:42, 16 Ian. 2011
Romania's Ministry of Transport and Infrastructure has drafted a new ordinance requiring drivers to use snow tires during the winter, bringing in an estimated EUR445 million to the state budget, from the VAT collected from tire sales.

Romanian Econ Min Seeks To Privatize Or Close Research-Development Institutes

12:59, 16 Ian. 2011
Romania’s Economy Ministry is planning to sell or shut down several research and development institutes and will consult with local and international bodies on the matter, according to an official document obtained by MEDIAFAX.

Three Nuns Involved In 2005 Exorcism Case In E Romania Released From Prison

16:39, 15 Ian. 2011
Three of the four nuns from the Tanacu Monastery in eastern Romania, convicted for homicide after a young woman died during what they said was an exorcism ritual, have been released from prison.

Romanians Protest Fuel Price Hikes At Gas Stations Countrywide

14:14, 15 Ian. 2011
Hundreds of Romanians have protested recent fuel price hikes by picketing gas stations throughout the country and paying for fuel in coins as pump prices have risen over 15% last year, adding to a 13% growth in 2009.

Romania’s „First Home” Program To Continue In 2011, With EUR200M Guarantee Cap – PM

19:28, 14 Ian. 2011
Romania's "First Home" program, which offers loan incentives to first-time home owners, will continue in 2011 with a guarantee ceiling of at least EUR200 million, Prime Minister Emil Boc said Friday.

Romania To Pay Some EUR300M In IMF Loan Interest This Year

17:47, 14 Ian. 2011
Romania will pay the International Monetary Fund interest worth SDR266 million (EUR300 million), for the loan installments transferred this year.

RFI: France Blocks Technical Report On Romania’s Schengen Accession

17:35, 14 Ian. 2011
France has blocked the adoption of a technical report on Romania's accession to the Schengen Area, asking for more time to examine a report on Romania's implementation of the SIS / SIRENE system's human interface, according to Radio France Internationale.

Romanian MEP Vadim Tudor Invokes Immunity In Criminal Investigation

14:26, 14 Ian. 2011
Romanian MEP Corneliu Vadim Tudor, who is under criminal investigation for assault and disobeying court orders, appeared Friday before the prosecutors of the Supreme Court, but refused to make any statement, invoking his immunity as member of the European Parliament.

Romanian Leu Down 0.25% Vs Euro, Exch Rate At 4.2669 Units

13:35, 14 Ian. 2011
The Romanian leu fell against the euro in mid-trade Friday, on a negative sentiment in the region, and the central bank announced a reference rate of 4.2669 units, 0.25% weaker than 4.2564 units a day before.

Romanian Military, Police Retirees File Criminal Complaints Against Defense, Interior Ministers

11:44, 14 Ian. 2011
Romanian military and police retirees Friday filed criminal complaints at the General Prosecution Office against Defense Minister Gabriel Oprea, Interior Minister Traian Igas and Romanian Intelligence Service chief George Maior, whom they accuse of abuse of office and discarding court rulings.

Romania Is EU’s 16Th Largest Car Market By 2010 New Car Registrations

11:10, 14 Ian. 2011
Romania is the 16th largest auto market in the European Union by new car registrations in 2010, whose number dropped three times more abruptly locally than in the EU, according to data released Friday by the European Carmakers Association ACEA.

Romanian Dacia Logan Sales In Russia Up 17% In 2010

18:05, 13 Ian. 2011
Romanian carmaker Dacia sold 62,826 Logan models in Russia in 2010, up 17% from 2009, ranking sixth among the best-sold brands, on a market which grew 30%, to 1.9 million units.

Analysts See Romania’s GDP +1.2% In 2011, Inflation At 4.3%

17:29, 13 Ian. 2011
Romania will register an economic growth of 1.2%, and the annual inflation rate will fall towards 4.3% in December, the association of financial and banking analysts AAFBR said in a survey Thursday.

Price Fixing Talks Spark Fiscal Probe At Romanian Oil Cos

15:05, 13 Ian. 2011
Romanian fiscal authorities Wednesday started a series of unannounced inspections targeting the pricing algorithms, taxable profits and accounting methods of oil companies, according to Sorin Blejnar, the president of tax authority ANAF.

Romanian Railway Co To Spend RON332.8M To Modernize Ten Train Stations

14:39, 13 Ian. 2011
Romania’s state-owned railway company CFR SA will modernize ten train stations in the country for an estimated 332.8 million lei (EUR1=RON4.2564) net of VAT, the company said Thursday.

EC Taxation Dept Supports Romania’s Request for Reverse Taxation For Cereal

14:39, 13 Ian. 2011
The European Commission's Directorate-General for Taxation and the Customs Union supports Romania's request to apply reverse taxation on cereal and will forward the paperwork to the Council of the European Union for approval, said Sorin Blejnar, head of Romania's tax authority ANAF.

Romania’s New Medical Leave System Nearly Halved No. Of Leaves Granted Last Year

13:01, 13 Ian. 2011
The number of medical leaves granted last year in Romania decreased 45% compared to 2009 following the introduction of a stricter system, the Health Ministry said in a press release Thursday.

Romanian Retired Military Staff To File Criminal Complaints Against PM, Two Ministers

12:03, 13 Ian. 2011
The Romanian Reserve and Retired Military Staff Union on Thursday will file criminal complaints against Prime Minister Emil Boc, Defense Minister Gabriel Oprea, Interior Minister Traian Igas and Romanian Intelligence Service director George Maior for discarding court rulings on military pensions.

WB Puts Romania Among High Restructuring Emerging Economies

10:40, 13 Ian. 2011
The World Bank included Romania, alongside other five countries, in the category of developing economies in Europe and Central Asia undergoing the most serious restructuring, according to the bank's Global Economic Prospects 2011 report released Thursday.

Romania Jan-Nov Current Account Deficit Widens To EUR5.2B

10:24, 13 Ian. 2011
Romania's current account deficit widened 23.5% to EUR5.17 billion in January-November 2010, from a gap of EUR4.19 billion in the year-earlier period, due to the lower current transfers surplus and an increasing deficit of the incomes balance, central bank data showed Thursday.

Romanian Auctions For EU-Funded Projects To Follow Standard Documents

17:28, 12 Ian. 2011
The auctions for projects financed by the European Union in the fields of transports, energy, environment and regional development will take place according to standard documents, which will be drafted by Romanian authorities in cooperation with European Commission experts.

Romanian Carmaker Dacia Foreign Sales Up 15% On Yr, To 311,000 Units

17:27, 12 Ian. 2011
Romanian carmaker Automobile Dacia's sales on foreign markets grew by 15% last year compared to 2009, to more than 311,000 units, with France accounting for over a third of total exports.

Romania Should Watch Over Small, Low-Provisioned Banks – IMF

16:35, 12 Ian. 2011
Romanian authorities should “maintain vigilance” over small banks, which are faced with a rapidly deteriorating loan quality and whose provisions are below the system average, the International Monetary Fund said in an analysis.

Food, Energy Prices Pose Risks On Romania’s 2011 Inflation – IMF

16:25, 12 Ian. 2011
The International Monetary Fund sees significant upside risks to Romania's 2011 inflation outlook coming from potentially higher food and energy prices and a weakening of the leu, according to the fund's report after the sixth review of the stand-by arrangement.

No Influenza Outbreak in Romania, Four Cases Of Flu Virus Infections Isolated – Ministry

15:25, 12 Ian. 2011
Romania is not facing a flu epidemic and the four cases of infection with the AH1N1 and AH3N2 viruses registered between January 3 and January 9, 2011 have been isolated, the Health Ministry said Wednesday.

Romanian Leu Rises Vs Euro, Exch Rate At 4.2523 Units

14:40, 12 Ian. 2011
The Romanian leu continued its upward trend in mid-trade Wednesday, on a positive sentiment in the region, and the central bank announced a reference rate of 4.2523 units, from 4.2581 units a day earlier.

Romania 2010 Inflation Widens To 7.96%, On Sales Tax Rise

11:37, 12 Ian. 2011
Romanian consumer prices rose by an expected 0.53% on the month in December, matching November figures, and the annual inflation accelerated to 7.96%, the country’s statistics institute INS said Wednesday.

Telecom Operator Romtelecom To Lay Off 1,000 To 1,400 Employees This Year

11:00, 12 Ian. 2011
Romanian telecom operator Romtelecom will lay off 1,000 to 1,400 employees this year within over 20 projects targeting simplified products, improved operations and increased efficiency in its call-centers and stores, the company said Wednesday.

Romania, World Bank Discuss Reform Plan, No Talks On New Loan

19:29, 11 Ian. 2011
The Romanian Government said Tuesday it will continue its partnership with the World Bank, but there were no talks of a new loan agreement in the meeting between Prime Minister Emil Boc and World Bank official Philippe Le Hourerou.

Romanians Without Income To Pay 5.5% Of Min Wage As Monthly Healthcare Contribution

18:32, 11 Ian. 2011
Romanians without income will have to pay monthly health insurance contributions in the amount of 37 lei (EUR1=RON4.2581), or 5.5% of the minimum wage, unless they are registered as receiving some form of social assistance.

Real Estate Investment In CEE Up 90% YY In 2010, To EUR5B

17:23, 11 Ian. 2011
Real estate investment in Central and Eastern Europe reached EUR5 billion last year, up 90% on 2009, with Romania drawing in 7% of the total, according to property consultants CB Richard Ellis.

Romanian Transporters Blame Govt For Fuel Price Hike

16:07, 11 Ian. 2011
Romanian transporters blame the Government for the increase in fuel prices due to the value added tax and excise hike, as well as the leu's depreciation against the euro and the dollar.

Romania May Impose Additional Tax For Unjustified Fuel Price Growth – PM

10:51, 11 Ian. 2011
Romania’s Government may introduce specific counter measures on the market, as special purpose taxes, against the producers who increase fuel prices rapidly and unjustifiably, Prime Minister Emil Boc told the public TV station Monday evening.

Romania’s November Net Wage Up 2.8% M-M At RON1,377

10:38, 11 Ian. 2011
Romania’s net average salary in November was at 1,377 lei (EUR1=RON4.2643), up 2.8% from the previous month, due to granting of vacation bonuses an returns from furlough, the country's statistics institute said Tuesday.

Analysts See Romania’s 2010 CPI At 7.9%-8%

09:23, 11 Ian. 2011
Romania’s annual inflation rate reached 7.9%-8% at the end of December, following the sales tax raise in July, economic analysts said, and the central bank missed its target for the fourth consecutive year in 2010.

Romanians Save Only 7% Of Monthly Income, Few Have Life Insurance – Poll

15:38, 10 Ian. 2011
Romanians save only 7% of their monthly income, the lowest level registered among the ten states included in a research conducted by insurer ING Asigurari de Viata.

Romania To Sign Precautionary Deal With EU – Fin Min

13:34, 10 Ian. 2011
Romania will sign new, precautionary agreements with both the International Monetary Fund, and the European Commission, Finance Minister Gheorghe Ialomitianu told a news conference Monday.

Romanian Dacia Car Sales Up 12% In 2010, To 348,723 Units

13:19, 10 Ian. 2011
Sales of Romanian Dacia cars increased by 12% last year, to 348,723 units from 311,426 units in 2009, and the carmaker’s market share in Europe climbed 0.3 percentage points, to 1.6%, French group Renault, owner of Dacia, said Monday.

Romanian MEP Under Criminal Investigation For Assault, Disobeying Court Orders

12:12, 10 Ian. 2011
Romanian prosecutors started criminal investigations against far-right Greater Romania Party president and MEP Corneliu Vadim Tudor on charges of assault and disobeying court orders in a case regarding the evacuation of the party’s headquarters in Bucharest, lawyer Mariana Stefan said Monday.