romania

Romania To Collect New Taxes To Increase Budget Revenues

10:01, 12 Mai 2010
Romanian Finance Minister Sebastian Vladescu said the country will apply a 16% tax on income gained from copyright, stock activities, the interest generated by bank deposits, mandate contracts, as well as on authorized individuals, newspaper Gandul reported.

Romania To Repeal Laws Regulating Newborn’s Trousseaus, Financial Aid For Newlyweds

09:18, 12 Mai 2010
Romania’s Government will repeal the laws regulating trousseaus for newborns and financial aid for newlyweds, according to a draft emergency decree to reduce social spending.

Romania Must Borrow Extra EUR5B, Apart From IMF Loan, To Meet New Budget Deficit Target

00:03, 12 Mai 2010
Romanian President Traian Basescu said Tuesday Romania should borrow extra EUR5 billion from the market, apart from the EUR3 billion to be disbursed by the International Monetary Fund and the European Union by the end of the year, in order to keep the deficit in the new cap agreed with the IMF.

Romania’s Letter Of Intent To IMF To Be Adopted Only With Prior Ok Of Economic And Social Council

23:57, 11 Mai 2010
Romanian President Traian Basescu Tuesday said he decided, alongside Prime Minister Emil Boc, that the additional letter of intent for the EUR13 billion standby agreement with the IMF will be adopted by the Government only with the prior approval of the country’s Economic and Social Council.

Romania To Reduce Minimum Social Pensions To RON300 – Draft Decree

20:58, 11 Mai 2010
Romania will reduce minimum social pensions to 300 lei (EUR1=RON4.1756), from the current RON350, and will adjust them according to macroeconomic indicators and the country’s financial resources, according to a draft emergency decree regarding public spending cuts.

Romania’s PC Software Piracy Rate Dn 1 Pct In 2009, To 65% – BSA

19:00, 11 Mai 2010
The rate of software piracy dropped to 65% in Romania in 2009, from 66% in 2008 and losses triggered by software piracy decreased by 22.5%, to $183 million, from $249 million in 2008, according to a report drawn up by Business Software Alliance (BSA).

Romania’s Overdue Debts To Bechtel Might Be Paid Off In Two Weeks – Transport Minister

17:42, 11 Mai 2010
Romania might pay off overdue debts to U.S. constructor Bechtel in two weeks, for works carried out on the Transylvania Highway, but the county lacks funds to continue works on the two highway sectors in Cluj county, northwestern Romania, Transport Minister Radu Berceanu said Tuesday.

Romania Might Regulate Online Gambling

16:40, 11 Mai 2010
The Romanian Finance Ministry is looking into ways to regulate and authorize online gambling and will allow the setting up of a firm tasked with checking the money collection process, Finance Ministry secretary of state Bogdan Dragoi told MEDIAFAX Tuesday.

Volcanic Ash Plume Exits Romanian Airspace Tuesday

13:58, 11 Mai 2010
The new ash plume from the Icelandic volcano Eyjafjöll will exit Romanian airspace Tuesday, Romania’s Environment Ministry said, citing the latest forecast of the London Volcanic Ash Advisory.

Romanian Farmers Picket Govt HQ Tuesday Calling For Subsidies, EU Funds

13:46, 11 Mai 2010
Over 1,200 Romanian farmers picket Tuesday for two hours the Government’s headquarters, calling for payment of overdue subsidies, lower excises on fuel used in farming and access to EU funds.

Romanian Banks’ Contributions In Deposits Guarantee Fund To Hike As Of 2011

00:53, 11 Mai 2010
Romania’s deposits guarantee fund FGD will consolidate its funds through raising, as of 2011, the contributions of the participating banks and will progressively give up the stand-by credit lines, according to additional documents to the agreement sealed with the International Monetary Fund.

Romania Promises To Revive Privatization Program

00:37, 11 Mai 2010
Romania has pledged to "aggresively" resurrect the privatization program, especially in the industry, energy, transport, tourism or agriculture, as part of its efforts to raise budget revenue to meet the International Monetary Fund requirements.

EU Says Romania „Broadly” Meets Loan Terms

00:17, 11 Mai 2010
Romania has broadly met the policy conditions for a loan from the European Union, but still needs to take additional measures to narrow the budget deficit, the European Commission said Monday.

Romania Pledges Cos Under IMF Monitoring Will Cut Arrears By 2.5%

23:59, 10 Mai 2010
Romania’s Government pledged during negotiations with the International Monetary Fund and the European Commission that each of the ten state-owned companies under monitoring will reduce arrears by 2.5% each quarter, starting with July-September period.

Romanian Authorities Pledge Not To Uphold Personal Insolvency Bill

20:39, 10 Mai 2010
Romanian authorities said they will not uphold certain draft laws, such as the draft personal insolvency law, in order to strengthen the country’s financial stability, according to the Memorandum of Understanding between Romania and the IMF and EU.

Romanian Cos’ Budget Debts Rise To RON18.7B End-March

19:41, 10 Mai 2010
Romanian companies’ debts to the consolidated budget rose 8.5% in the first quarter, at 18.69 billion lei (EUR1=RON4.1641), most of them being unpaid obligations to the state budget, according to additional letter of intent to the agreement sealed with the International Monetary Fund.

Romania Is Better Off Than Certain Eurozone Countries – President

16:51, 10 Mai 2010
Romania is not among the most financially afflicted countries in Europe, said President Traian Basescu Monday, after a meeting with the parliamentary groups which endorse the current Cabinet.

Romanians To Receive 90 Million Text Messages From Companies In 2010 – Report

14:58, 10 Mai 2010
Romanian mobile phone users will receive 90 million informational and promotional text messages from companies in 2010, nearly 30% more on the year, said a report issued Monday by web2sms operator Netopia Sistem.

Volcanic Ash Plume Over Western Romania, Air Space Stays Open

11:54, 10 Mai 2010
A new ash plume from the Icelandic volcano Eyjafjöll has reached western Romania and will gradually move eastward, the country’s Environment Ministry said Monday, but the country won’t close its airspace according to the civil aviation authority.

Romania Cancels Five Flights To Italy Due To Volcanic Ash Cloud

15:25, 09 Mai 2010
Three flights to Italy were cancelled Sunday on Bucharest’s international airport Otopeni and another two flights were cancelled on international airport Baneasa, because of a new volcanic eruption in Iceland and the ash cloud hovering over Europe.

Arms Trafficker Shimon Naor To Be Extradited To Romania To Serve Prison Time

23:20, 08 Mai 2010
Businessman Shimon Naor was arrested in Paris and will be extradited to Romania where he will serve 11 years in prison for arms trafficking, Romanian Police spokesperson, Raluca Seucan, told MEDIAFAX Saturday.

Romania Might Sell Stake In Krivoy Rog Steel Plant To ArcelorMittal Group – Econ Min

18:55, 08 Mai 2010
Romania might sell its stake in the steel plant in Krivoy Rog, Ukraine, to ArcelorMittal Group, Romanian Economy Minister Adriean Videanu said Saturday after a meeting with the management of steel plant ArcelorMittal Galati.

Romania To Introduce Mandatory Energy Certification As Of June 15

19:29, 05 Mai 2010
Romania will require mandatory energy certification for all real estate transactions starting June 15, according to a draft decree to be approved by the Government.

Romanian President, PM, Ministers In Talks Over Recent Negotiations With IMF Experts

12:57, 05 Mai 2010
Romanian President Traian Basescu is in talks Wednesday, at the presidential Cotroceni palace, with Prime Minister Emil Boc and Cabinet members on recent negotiations between Romanian officials and International Monetary Fund experts, sources close to the talks told MEDIAFAX Wednesday.

Over 500 European Cities Pledge To Cut CO2 Emissions

15:19, 04 Mai 2010
The mayors of more than 500 cities in European Union member states, including Romania, will commit Tuesday to cut carbon dioxide emissions by over 20% by 2020, said a European Commission press release published Monday.

Romania Celebrates Fathers’ Day On Second Sunday Of May

12:47, 04 Mai 2010
Romania will celebrate Fathers’ Day for the first time this year, as the country decided the second Sunday of May will be the official day honoring fathers.

UK Labor Party Accused Of Having Weakened Royal Navy, Warships Sold To Romania, Other Countries

12:07, 04 Mai 2010
The UK Labor Party, currently in government, was accused of having sold a considerable part of the British Navy's ships to several countries, including Romania, for only 580 million pounds, Daily Mail reported Tuesday in its online edition.

Romania’s Defense Min Gets Extra Money To Increase Presence In Afghanistan

09:37, 04 Mai 2010
Romania’s Government assigned an extra 61.5 million lei (EUR1=RON4.1275) to the Defense Ministry to ensure the sums needed in the second quarter of the year to increase the country’s number of troops to be stationed in Afghanistan in 2010 and purchase new military equipment.

Romania’s Govt Allots Over RON200M To Pay Magistrates’ Salary Rights Won In Court In ‘09

09:31, 04 Mai 2010
Romania’s Government granted extra 205.5 million lei (EUR1=RON4.1275) to the Justice Ministry, the High Court of Justice, the High Council of Magistrates and the country’s prosecution offices to pay a part of the salary rights magistrates have claimed and won in court.

Economic Framework Affected Press Freedom, Quality In Romania In ’09- Report

14:47, 03 Mai 2010
The economic framework of the Romanian media affected freedom of expression and the quality of media products in 2009, according to the report “The Freedom of the Press in Romania in 2009”, launched Monday in a press conference by the Press Monitoring Agency (AMP).

Romania Remains On USTR Watch List Regarding Protection Of Intellectual Property Rights

19:20, 02 Mai 2010
The Office of the United States Trade Representative (USTR) annual “Special 301” report on the adequacy and effectiveness of U.S. trading partners’ protection of intellectual property rights shows Romania is still on the lower-level watch list.

Expo 2010: 10.000 de vizitatori în prima zi a deschiderii Pavilionului României – VIDEO

13:57, 02 Mai 2010
Pavilionul României la Expo 2010, Greenopolis, a fost vizitat de aproximativ 10.000 de persoane, în prima zi a deschiderii oficiale a expoziţiei mondiale de la Shanghai, conform unui comunicat transmis, duminică, de MAE.

Romania Opens Apple-Shaped Pavilion At World Expo 2010 On Saturday

12:25, 01 Mai 2010
Romania’s pavilion at the World Expo 2010 in Shanghai was officially opened Saturday morning, a few hours after the end of the site’s opening ceremony which marked the 41st world expo event.

PwC: CEE Real Estate Sector In For Difficult Year, Romanian Mkt Begins To Thaw

14:27, 29 Apr. 2010
Central and Eastern Europe’s real estate sector faces another difficult year in 2010, but prospects for the future are brighter, while the Romanian market is only now beginning to experience a thaw, according to PricewaterhouseCoopers (PwC).

Romanian Ambassador Says Misunderstanding Btw Romania, Singapore Clarified After Talks

13:37, 29 Apr. 2010
Romania’s Ambassador to Singapore Aurelian Neagu said the misunderstanding between the two countries' Governments regarding Romania’s former envoy to Singapore Silviu Ionescu was cleared after talks held Thursday at Singapore’s Foreign Affairs Ministry, Channel News Asia reported Thursday.

Most Foreign Tourists Considering Romanian Vacation Expect Country To Be Unsafe

17:08, 27 Apr. 2010
Most foreign tourists who would consider spending a holiday in Romania for the first time think the country is unsafe, said research conducted by the THR Company and issued Tuesday.

Romania Ranked Fourth Globally By Internet Connection Speed For Q4, 2009

14:48, 27 Apr. 2010
Romania ranked fourth globally by average Internet connection speed for the final quarter of 2009, which edged up to 7.2 MBps, 28% faster than in the final quarter of 2008, says the “State of the Internet Report” published Tuesday by digital platform company Akamai.

Romania Could Have A Third Carmaker, Besides Renault, Ford

13:21, 27 Apr. 2010
Romania has potential, from all points of view, to attract a third carmaker, and there are prospects for a new auto industry investor to set up business in the country, Constantin Stroe, head of Romania’s carmakers association ACAROM, said Tuesday.

Fmr Romanian Envoy Files Criminal Suit Against Singapore, Calls For Arrest Warrant Annulment

15:55, 25 Apr. 2010
Romania’s former envoy to Singapore Silviu Ionescu filed Friday at the Bucharest Court of Appeals a criminal suit against Singapore, calling for the annulment of the arrest warrant issued in his name over a hit-and-run accident that resulted in one fatality.

Romania’s New Medical Leave Regulations Might Be Enforced In May

16:23, 21 Apr. 2010
Romania’s new conditions regarding medical leaves might come into force in May, as set in an emergency decree regulating this issue.