Articolele autorului Radu Bostan
-
Romanian Rail Operator CFR Marfa Posted RON133.5M Losses In 2011
Romanian state-owned railway company CFR Marfa last year posted losses of 133.5 million lei (EUR30.76 million), 67.9% higher than the level approved in its budget, RON79.5 million. citeşte tot
-
Romanian Economy Ministry Requests Budget Revisions For Almost 50 State Cos
Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved this request, although the law does not bar changes to these budgets after December 31. citeşte tot
-
Romanian Mothers To Receive Child-Rearing Benefits After Third Birth – Bill
Romanian senators Emilian Francu (liberal) and Elena Mitrea (social democrat) have put forward a bill whereby maternity leave and child-rearing benefits will be provided for all births, not only the first three, starting in 2013. citeşte tot
-
Romanian Healthcare Copayment To Enter Force In 2012
Romanians will cover part of the cost of certain medical services starting in 2012, though a personal contribution may not exceed 1/12 (or 8.33%) of the net yearly income, and around eight million people – pensioners, pupils, students and some patients – will be exempted. citeşte tot
-
Romanians Consumed 58m Liters Of Spirits This Year, Down 19%
Romanians consumed 58.8 million liters of spirits in the first nine months of this year, 18.8% less than last year, mainly because of the lower purchasing power, Petru Berciu, head of BDG Import, told MEDIAFAX, citing a study by research company Canadean. citeşte tot
-
Romania To Reduce National Contribution To Investments By RON1.3-2B In 2012
Romania's Government will reduce the state budget's allowance for investments by 1.3-2 billion lei (EUR300-460 million) in 2012 compared with 2011, but hopes to compensate by raising EU fund absorption by almost 50%. citeşte tot
-
Romania To Exempt Govt Building Administrator RA-APPS From Local Property Taxes
Romania's Government will exempt public institutions and RA-APPS, the authority that administers government real estate properties, from paying local taxes on their buildings, says the emergency ordinance on the sale of state residences, obtained by MEDIAFAX. citeşte tot
-
EXCLUSIVE: Romanian Public Officials Without Govt Residence Will Pay Rent With Public Money
Romanian public officials whose residences will be sold by RA-APPS, the authority that manages government buildings, will have to find a new home on the market, but their rent up to 18,600 lei (EUR4270) per year will be paid by the institutions they lead. citeşte tot
-
Romanian Govt Anti-Evasion Plan: Check Large Wealth, 2006-2008 Real Estate Transactions
Romania's Government will begin a "program to investigate people with large income/ wealth" next year and will check individuals involved in real estate transactions in 2006-2008, in an effort to fight tax evasion. citeşte tot
-
Romanian Govt Wants To Reduce State Enterprise Arrears By RON5-6B In 2012
Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion) next year, equivalent to 1% of the GDP. citeşte tot
-
Romania To Hike Diesel Excise By 4.4% In 2012
Romania will increase excise duties on diesel fuel by 4.4% on January 1, from EUR358 to EUR374 per ton, according to a government document. citeşte tot
-
Romania To Open 65 Km-Long Transylvania Hwy Section In Nov 2012
The 65 km-long Suplacu de Barcau-Bors section of the Transylvania Highway might be open for traffic in November next year, but the project's final acceptance is scheduled for August 30, 2013, according to a government document. citeşte tot
-
Romanian Pharma Industry Asks IMF To Push For Changes To Clawback System
Pharmaceutical companies have asked the International Monetary Fund to urge Romania's Government to reduce the clawback tax to zero for generic drugs, allow at least 210 days for its payment and no longer charge it on prices including VAT and distribution margin. citeşte tot
-
Romanian Fiscal Code Seen Unstable By Most Firms In Region - Study
Romania's Fiscal Code is considered unstable by most companies operating in the region and does not allow the creation of coherent long-term business strategies, says a study carried out in Bulgaria, the Czech Republic, Romania and Slovakia by financial consultancy firm Accace. citeşte tot
-
Romania's New Energy Cos To Be Privatized By June 2012, Including Layoffs
Romania's new energy companies Oltenia and Hunedoara will be privatized by the end of June 2012, a move which will entail layoffs in some of their component operations, says the Government's latest letter of intent to the IMF, obtained by MEDIAFAX. citeşte tot
-
BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk of contagion from foreign markets. citeşte tot
-
Romania Can Bring Inflation Close To Eurozone Level – Ctrl Bk Official
Romania has the "historic chance" to reduce inflation to below 3% in the next few years, as long as the central bank's monetary policy is "firmly" supported by the fiscal and wage policies, said bank chief-economist Valentin Lazea. citeşte tot
-
Romania's Budget Gap To Miss 2012 Target, Even In Best-Case Scenario – Ctrl Bk Official
Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea. citeşte tot
-
Romanian 2012 GDP Growth Might Be Revised To 2.5%, From 3.5-4% - Ctrl Bk Official
Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of exports, says central bank chief-economist Valentin Lazea. citeşte tot
-
Travel Operator Thomas Cook To Return To Romanian Market In 2012 – Tourism Min
Thomas Cook, one of the world's largest travel companies, will once again bring German, Swiss and Austrian tourists to Romania, starting next year, having withdrawn from the local market in 2006, Tourism Minister Elena Udrea told MEDIAFAX on Tuesday. citeşte tot
-
Energy Efficiency Certificate Required When Selling Or Letting Home In Romania
Developers will have to carry out a study on alternative heating systems, before being issued construction authorization, as of next year, and the energy efficiency certificate will be required when selling/ letting a home and for major renovations. citeşte tot
-
EC Asks Romania For Law On Extended Confiscation, Results Against Money Laundering
The European Commission asks Romania for convincing results in the recovery of proceeds from crime, a new law on extended confiscation and results in pursuing money laundering a stand-alone offense. citeşte tot
-
EC Report: Romania's Fight Against Corruption Should Have Parliament Support
The fight against corruption should remain a top priority, with support from the Parliament, says the European Commission in its report on Romania under the Cooperation and Verification Mechanism (CVM), published Wednesday. citeşte tot
-
EC Report On Romania : Commitment Necessary For Better Results In Asset Confiscation
The European Commission says, in the report on Romania under the Cooperation and Verification Mechanism, that commitment is needed to implement the new codes, restructure the judiciary, consolidate the anti-corruption policy and deliver better results in the confiscation of unjustified assets. citeşte tot
-
Romania's New Car Pollution Tax Up In The Air
The new bill on Romania's car pollution tax no longer mentions July 1, 2011 as the date for the new tax's implementation and, with the upcoming parliamentary summer recess, cannot be adopted earlier than this fall. citeşte tot
