romania

Romania Asks EC For Derogation To Apply Reverse Taxation On Intra-EU Trade

13:01, 06 Iul. 2010
Romania requested derogation from EU regulations to apply reverse taxation on intra-community trade with cereals, fruit, vegetables, meat, sugar and bread, and an answer on this matter is expected to be conveyed by the Council of the European Union.

Romanian Food Prices To Rise By About 8% After Floods– Union Leader

10:51, 06 Iul. 2010
Food prices in Romania will increase by up to 8% in the upcoming weeks following recent rainfall and floods, which damaged hundreds of hectares on farmland, agriculture union federation AGROSTAR president Niculae Stefan said in a press release.

Twelve Dead, Two Severely Injured In Plane Crash In SE Romania

09:09, 06 Iul. 2010
Twelve people died and two were severely injured Monday evening in a plane crash in Tuzla, in southeastern Romanian county of Constanta.

Eleven Dead, Three Severely Injured In Plane Crash In SE Romania

20:05, 05 Iul. 2010
Eleven people died and three were severely injured Monday evening in a plane crash in Tuzla, in southeastern Romanian county of Constanta.

About 40% Of Romanians Meet Difficulties In Paying Loan Installments – Poll

14:36, 05 Iul. 2010
About 40% of the Romanians who took a bank loan encounter problems in paying their installments and 13% of them have overdue payments, according to a survey conducted for the World Bank by the Romanian Academy’s Institute for World Economics.

Romania Activates EU Civil Protection Mechanism, Four EU Members Offer Aid

19:53, 04 Iul. 2010
Romania activated Friday the EU’s Civil Protection Mechanism, and, within hours, it received offers for assistance from Belgium, Austria, France and Estonia, says a press release issued Sunday by the European Commission.

Romania’s VAT Hike To Boost Used Car Sales – autovit.ro

14:44, 02 Iul. 2010
Romania’s decision to hike the value added tax (VAT) to 24%, from 19%, would determine many people interested in purchasing cars to choose the second-hand car market, where prices will not be altered, said website autovit.ro manager Attila Okany.

Over 100 Romanian Localities Affected By Rainfall, Flooding In Past 24 Hours

11:58, 02 Iul. 2010
Over 100 Romanian localities in 14 counties were affected by heavy rainfall and 7,762 people have been evacuated due to flooding over the past 24 hours, the General Inspectorate for Emergency Situations (IGSU) said Friday.

Guns N’ Roses To Perform In Bucharest On September 21

14:29, 01 Iul. 2010
American hard rock band Guns N' Roses will hold a concert in Bucharest, Romania, on September 21 within the Chinese Democracy World Tour promoting their 2008 album 'Chinese Democracy', said organizers D&D Entertainment.

Romanian Dam On Danube Arm Damaged, Overflows Threaten Nearby Inhabitants

20:47, 30 Iun. 2010
A dam on one of the Danube river’s arms in Ialomita county, southern Romania, was damaged due to the increased water level, and the overflows have already submerged about five hectares of farmland.

Romania’s Petrom Hikes Pump Prices By Up To RON0.22/Liter

19:03, 30 Iun. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) will raise Thursday its gasoline and diesel oil pump prices by 0.18-0.22 lei (EUR1=RON4.3688) per liter, following the value added tax increase to 24%.

Romanian State Employees’ Income To Decrease By 32% Starting June 1 – Union Leader

18:39, 30 Iun. 2010
Romanian state employees will see their income reduced by about 32% starting July 1, after the 25% salary cut and the 5% VAT hike are applied, Cartel Alfa union leader Bogdan Hossu said Wednesday.

Romania’s Austerity Laws Published In Official Journal

18:35, 30 Iun. 2010
Romania’s two austerity laws cutting state employees’ salaries by 25% and recalculating certain categories of pensions were published Wednesday in the Official Journal, after they were promulgated by the head of state Tuesday.

Romania’s PM Calls On Prefects To Forgo Leave, Be Present In Areas Affected By Floods

15:44, 30 Iun. 2010
Romania’s Prime Minister Emil Boc called on his Cabinet ministers to go to the areas affected by floods and urged prefects on vacation to go back to work immediately and take swifter measures to evacuate people affected by floods.

Romania’s Parliament Adopts Revised Version Of Integrity Agency Bill

14:45, 30 Iun. 2010
Romania’s Senate Wednesday adopted with 115 votes and two abstentions the revised version of the draft law regulating the activity of the country’s National Integrity Agency (ANI).

IMF Welcomes Romania’s Quick Response To Court Ruling

18:07, 29 Iun. 2010
The International Monetary Fund Tuesday applauded the Romanian government for quickly identifying compensatory measures after the country’s highest court rejected part of an austerity plan to cut the budget deficit.

Floods Disturb Railway Traffic In NE Romania

14:24, 29 Iun. 2010
Railway traffic on four routes linking several localities in the northeastern part of Romania was halted due to floods which hit the country over the past 24 hours, passenger railway company CFR.SA said Tuesday.

Romania Dropped Intra-EU Trade VAT Lest It Should Endanger EU Loan Tranche – Fin Min

13:32, 29 Iun. 2010
Romania quit plans to apply VAT on intra-EU trade, as the European Commission warned authorities the country might put on the line the new loan installment to be disbursed by the European Union in September, Finance Minister Sebastian Vladescu said Tuesday.

Romania’s Parliament Eliminates Unconstitutional Provisions From Austerity Plan

11:28, 29 Iun. 2010
Romania’s Parliament Tuesday adopted with 321 to two votes the committee for legal matters’ report on the austerity law package, eliminating the articles that slash pensions, which were recently ruled unconstitutional.

Meteorologists Extend Code Yellow Rain Alert For N, NE Romania Until Wednesday Morning

10:14, 29 Iun. 2010
Romanian meteorologists extended until Wednesday morning the code yellow rainfall alert valid for the northern and the northeastern parts of the country.

Romania’s Defense Council Approves Strategy Against Money Laundering, Terrorism Financing

09:46, 29 Iun. 2010
Romania’s Supreme Defense Council approved in its meeting Monday the National Strategy fighting money laundering and combating the financing of terrorism, the Presidency said in a press release Monday.

Meteorologists Issue Code Yellow Alert For Rain In N, NE Romania

09:36, 28 Iun. 2010
Romanian meteorologists issued a new code yellow alert for rainfall valid for 13 counties in the northern and northeastern parts of the country, from Monday morning until Tuesday morning.

ING: Court Ruling To Plunge Romania Into Political Turmoil

23:37, 25 Iun. 2010
Romania is likely to face a period of political uncertainty after the Constitutional Court rejected part of the government’s austerity plans to slash public spending, putting downward pressure on the leu and increasing financing costs, an official at ING Romania said Friday.

IMF Could Halt Tranche If Romania Unable To Make Fiscal Adjustments – RBS

23:32, 25 Iun. 2010
Romania’s EUR13 billion loan agreement with the International Monetary Fund could come to a halt unless the government is able to legislate fiscal adjustments in time for a new disbursement, RBS analyst Timothy Ash told MEDIAFAX Friday.

Floods Affect 28 Romanian Counties From Wednesday Until Friday

18:55, 25 Iun. 2010
About 156 localities in 28 Romanian counties were affected by heavy rainfall and floods from Wednesday until Friday, and four people died following freshets in Alba, Cluj and Suceava counties, the General Inspectorate for Emergency Situations, or IGSU, said Friday.

Romania’s Govt To Disclose Alternative Austerity Plan After Talks With IMF, WB – Interior Min

18:08, 25 Iun. 2010
Romanian Interior Minister Vasile Blaga said Friday that the Government will bring out its alternative austerity plan after discussions with the International Monetary Fund and the World Bank.

Romania Ctrl Bk: Tax Hikes Not Enough To Reduce Deficit

17:12, 25 Iun. 2010
Romanian economy may temporarily benefit from raised taxes, but such a measure will be insufficient to reduce the budget deficit to 6.8% of the gross domestic product, a central bank official said Friday.

Moody’s Says Romania Rating Endangered If Budget Gap Exceeds Target

16:14, 25 Iun. 2010
Romania’s sovereign outlook could come under downward pressure if the government fails to lower the budget deficit to 6.8% of the gross domestic product in 2010, Moody’s Investors Service said Friday.

Romania CDS Higher After Court Ruling On Austerity Measures

15:36, 25 Iun. 2010
Credit default swaps (CDS) to insure Romanian sovereign debt against default inched higher Friday, after the country’s Constitutional Court rejected part of the austerity measures proposed by the government to slash spending.

Romania Collected About EUR350,000 In Fines For Medical Leave Condition Breaches – Health Min

14:12, 25 Iun. 2010
Romania collected about EUR350,000 in just one month from fines applied to employees who took groundless sick leaves, and a total EUR140,000 were collected only in the June 7 to June 11 interval, the Health Ministry said in a press release Friday.

Swiss Govt Approves CHF181M Non-Reimbursable Financial Aid For Romania

14:58, 24 Iun. 2010
The Swiss Government on Wednesday approved a frame agreement, whereby Romania will receive non-reimbursable funds worth CHF181 million (nearly EUR130 million) in the next five years.

Romania May Be Split Into New Development Regions After 2013 – Minister

13:39, 24 Iun. 2010
Romania’s Development and Tourism Minister Elena Udrea on Thursday said Romania could face a new regional division after 2013 when new development regions are likely to be created, besides the country's current eight development regions.

Romania Remains Transit Route For Heroin Traffic Toward Western Europe- UN Report

12:48, 24 Iun. 2010
Romania remains a transit route used by traffickers transporting heroin from Afghanistan toward Western Europe, according to the United Nations Office on Drugs and Crime “World Drug Report 2010”, which notes numerous alleged Romanian traffickers have been arrested in Spain and Italy.

Romanian Soldiers Killed In Afghanistan Awarded Wartime National Order Star Of Romania

12:34, 24 Iun. 2010
Romania’s President Traian Basescu Thursday signed the decree awarding the wartime National Order Star of Romania with the rank of Knight to the two Romanian soldiers killed in Afghanistan Wednesday.

Romania Needs Territorial Reorganization But Not On Ethnic Criteria – PM

11:50, 24 Iun. 2010
Romania’s administrative and territorial reorganization is necessary, considering the eight development regions no longer meet necessities, and the reorganization must be in line with the Constitution, Romanian Prime Minister Emil Boc said Thursday during a seminar on territorial reorganization.

Romania’s Tax Evasion Decree Published In Official Journal, Enters Force

11:05, 24 Iun. 2010
Romania’s emergency decree aiming to fight tax evasion, which drops plans to apply VAT on intra-EU trade and reintroduce excises on luxury items, has entered force after it was approved by the Government and was published in the Official Journal.

Romanian State Employees’ Wages Might Rise 7% In 2011 If 70,000 Are Laid Off – Fin Min

08:55, 24 Iun. 2010
Romanian Finance Minister Sebastian Vladescu said Wednesday that state employees’ wages might increase by an average 7% in 2011 if 70,000 people are laid off and the state continues to pay a 13th salary.

Romanian Freelancers To Pay Social Security Contributions

18:34, 23 Iun. 2010
Romanians who gain income from freelance activities will pay a 16.5% social security contribution, as any other employee, but only for sums that amount to five average gross salaries per year, namely 10,000 lei (EUR1=RON4.2234), Finance Minister Sebastian Vladescu said Wednesday.

Romania’s National Defense Strategy Lists Media Pressure Among Weaknesses

15:32, 23 Iun. 2010
Romania’s National Defense Strategy, sent to the Parliament for debates and approval, states that Romania faces some weak points which affect the image of the country’s state institutions and hinder the enforcement of laws.

Romania’s Deputies Adopt Articles Of Law Allowing Govt To Issue Decrees During Parliament Recess

15:00, 22 Iun. 2010
Romania's Chamber of Deputies Tuesday adopted the articles of the draft law allowing the Government to issue decrees during the Parliament recess, in sectors stipulated in the country’s Constitution, including the budget revision field, and a final vote will be cast on Thursday.