English

Romania’s Nov Avg Net Salary Dn 0.7% MM To RON1,366

10:44, 11 Ian. 2010
Romania’s net average salary was 1,366 lei (EUR1=RON4.2062) in November, down 0.7% from October, the National Institute for Statistics said Monday.

Romania Jan-Nov ’09 Trade Gap Narrows To EUR8.7B

10:01, 11 Ian. 2010
Romania’s trade deficit narrowed to EUR8.7 billion in January-November 2009, from EUR21.94 billion in the same period the year earlier, the National Statistics Institute said Monday.

Romanian Parl Commissions Vote To Eliminate Min Tax, Cut Building Construction VAT To 5%

15:20, 10 Ian. 2010
The Romanian Parliament commissions for budget and finance adopted Sunday morning a series of amendments to the draft state budget, including ones that eliminated the minimum tax, applied a lower VAT to building construction and a 3% tax on micro-enterprise revenue.

Romanian Lawmakers Adopt Draft 2010 State Budget With Amendments

14:55, 10 Ian. 2010
The Romanian Parliament commissions for budget and finance adopted Sunday morning the amended draft state budget for 2010, with 26 votes “for” and 15 votes “against”.

Romanian Unions, Govt To Discuss Plan To Collect Social Security Contributions From Journalists

17:15, 09 Ian. 2010
Romanian journalists union MediaSind and Press Employers’ Association ROMEDIA announced they would meet next week with the government in order to stop its plan to remove exemptions from the payment of social security contributions for income gained from copyright and royalties.

Romanian Health Ministry Orders Two Institutes To Join AH1N1 Vaccination Campaign, On High Demand

14:07, 09 Ian. 2010
The Romanian Health Ministry ordered the “Cantacuzino” Institute and Public Health Institute to join the “Matei Bals” Institute in the AH1N1 vaccination campaign, as demand for the vaccine in Bucharest has grown significantly over the past week.

Oil Slick Discovered On Romanian Section Of Danube Naturally Dispersed

13:40, 09 Ian. 2010
Officials of the Romanian Water Management System Mehedinti County and border police officers went on alert Saturday morning after an oil slick was discovered on the river Danube, near the port of Drobeta Turnu Severin, however it later dispersed naturally.

Romanian Mothers May Receive RON350 Stipend For Childbirth Instead Of Trousseau – Draft Ordinance

18:26, 08 Ian. 2010
Romanian mothers could receive a stipend in the amount of 350 lei (EUR1=RON4.1679) per birth, even if the child was stillborn or died after birth, according to a draft emergency ordinance posted Friday on the Labor Ministry’s site.

Restricting Housing Program To New Buildings May Be State Aid – Competition Watchdog

16:45, 08 Ian. 2010
The change of the government's housing program by granting state guarantees only for the acquisition of new buildings might be subject to state aid law, as it would favor only part of the market, according to Bogdan Chiritoiu, president of Romania's Competition Council.

Romanian Emission Tax Hiked 14%, On Currency Exchange Rate

14:18, 08 Ian. 2010
The tax on vehicle exhaust emissions paid by Romanians when first registering a car is 14.2% higher as of January 1, owing to a different RON-EUR exchange rate set by the European Central Bank: RON4.26 to a euro, compared to RON3.73 to a euro in 2009.

National Energy Holdings To Guarantee Loans Of Absorbed Cos

13:58, 08 Ian. 2010
The two national power holdings that Romania plans to set up will take over all the obligations of the absorbed state-owned companies, including the state-guaranteed loans, and will mortgage their assets to guarantee the loans’ reimbursement.

EXCLUSIVE: Romanian Govt Mulls Collecting Social Security Contributions From Freelancers

13:26, 08 Ian. 2010
Romania’s government is planning to stop exempting people from paying social security contributions for income gained from copyright, royalties and various collaboration contracts, people close to the matter told MEDIAFAX.

Romania Registers 82 Deaths, 6,061 AH1N1 Infections

13:21, 08 Ian. 2010
Romania registers 82 fatalities and 6,061 infections with the AH1N1 flu virus, as nine more deaths and 120 new infections have been reported over the past 24 hours.

Budget Amendments Entailing Additional Budget Expenses Won’t Pass – Romanian Fin Min

13:17, 08 Ian. 2010
Romania’s Finance Minister Sebastian Vladescu said Friday he held no talks on adopting any amendments to the state budget, adding he believes amendments that entail additional budget expenses will not pass.

Romania’s Govt May Dissolve Privatization Auth, Include It In Econ Ministry – Sources

12:31, 08 Ian. 2010
Romania’s government plans to dissolve the country’s privatization authority AVAS, either by merging it with the Economy Ministry’s office for state participations and privatization in industry OPSPI, or by setting up a new department within the ministry.

Romania’s Agriculture To Collapse Unless Agric Min Budget Gets Extra Money

11:54, 08 Ian. 2010
About 70% of Romania’s agricultural exploitations will be closed and over 10,000 workers will be jobless unless the Agriculture Ministry’s budget is hiked from 9.87 billion lei (EUR1=RON4.1721) to RON36 billion, Agrostar union federation head Stefan Niculae said Friday.

Romania’s Agric Min Rejects Agrostar Unionists’ Request For State Aid Extension

09:55, 08 Ian. 2010
Romanian Agriculture Minister Mihail Dumitru told a news conference Friday the request of the Agrostar union federation to extend state aid for at least one year based on derogation from the European Commission Regulation on the payment of state aid is not possible.

Romanian Justice Min Sent Draft Extradition Treaty To Syria, No Answer So Far

09:32, 08 Ian. 2010
Romania’s Justice Ministry said Thursday evening it has forwarded to Syria a draft extradition treaty, adding the ministry has received no reaction from the Syrian authorities so far.

Romania Ranks Last In EU On Economic Sentiment Indicator

16:45, 07 Ian. 2010
The economic sentiment indicator, or ESI, slightly rose in December in Romania to 64 points, from 62.1 points a month earlier, but the country continues to rank last among the European Union member states in the European Commission’s ESI classification.

Romania Not To Introduce New Taxes In Agriculture – Fin Min

16:38, 07 Ian. 2010
Romania's Finance Minister Sebastian Vladescu said Thursday there are no talks on the introduction of new taxes in agriculture, but unregistered farms need to be taxed, so that budget revenues can be increased.

Romanian Regional Development Minister Wants 100,000 New Homes Built For Youths

16:20, 07 Ian. 2010
Romanian Regional Development and Tourism Minister Elena Udrea told MEDIAFAX on Thursday that she plans to build around 100,000 new homes for young people through the National Housing Agency (ANL) over the next three years.

Low-cost Airliner Wizz Air Estimates 21% Hike In Passenger Traffic In Romania In 2010

16:10, 07 Ian. 2010
Low-cost airliner Wizz Air estimates to carry nearly two million passengers to and from Romania in 2010, up 21% from 2009 when it carried 1.65 million passengers, considering the company's intention to launch new flights and extend its fleet.

Romanian Social Assistance Budget Could Push System Into Collapse – Official

15:04, 07 Ian. 2010
Romania’s social assistance system risks collapsing because of recent budget and staff cut plans, the former secretary of state from the Romanian National Child Protection Authority, Ileana Savu, told MEDIAFAX Thursday.

Romanian Unions Urge Authorities To Raise Minimum Wage To RON705

14:18, 07 Ian. 2010
Romanian unions call on authorities to raise the minimum wage for 2010 to 705 lei (EUR1=RON4.1721), which is the minimum salary set for public sector employees in the unitary pay law, which regulates public sector wages.

Romania’s Dec Unemployment At 7.8%, Highest In 6 Years

13:57, 07 Ian. 2010
Romania’s unemployment rose for the 17th consecutive month in December, and the jobless rate hit an almost six-year high at 7.8%, from 4.4% a year earlier, official data showed Thursday.

Romania’s New Wage Law Could Delay Wage Paying In State Institutions

13:04, 07 Ian. 2010
Paying wages in certain Romanian state institutions could be delayed as those who must apply the new wage law do not know how to do it, union leader Mihaela Neacsu said Thursday.

Budget Def Would Be 12%/GDP If All Ministries’ Needs Covered – Romanian Fin Min

12:11, 07 Ian. 2010
The biggest weakness of Romania’s 2010 budget is the allotment of just 4% of the gross domestic product for investments, Finance Minister Sebastian Vladescu said Thursday, adding the budget deficit would surge to 10%-12% of the GDP if all investment needs of each ministry would be covered.

Romania Fin Min Says Fast Food Tax Is Just An Idea

11:56, 07 Ian. 2010
Romania’s Finance Minister Sebastian Vladescu on Thursday said no final decision has been made as to applying a tax on fast food, adding it is only an idea and it remains to be seen whether or not the tax will be applied.

EU Conditions Kraft’s Acquisition Of Cadbury On Divestment Of Polish, Romanian Businesses

11:32, 07 Ian. 2010
The European Commission cleared the proposed takeover of UK-based candy producer Cadbury by US food and beverage company Kraft Foods, upon the divestment of the Polish and Romanian chocolate confectionary businesses of Cadbury.

Romanian Fin Min Threatens To Resign If Parliament Lowers Social Security Contributions

11:24, 07 Ian. 2010
Romanian Finance Minister Sebastian Vladescu said Thursday, before debates in the Parliament's budget commissions, that he will resign if the Parliament approves amendments that lower social security contributions.

Romanian Citizen Dies In Car Crash In N Hungary

11:03, 07 Ian. 2010
A Romanian citizen died and other two people were severely injured in a car crash in Orhalom, northern Hungary, after a vehicle collided with a police car, Hungarian news agency MTI informed, citing local officials.

Romania’s Govt Decides To Lay Off About 3,000 Social Workers

09:27, 07 Ian. 2010
Romania’s Government decided Wednesday to lay off about 3,000 employees in social assistance units, after applying cost standards meant to reduce costs by 37% compared to 2009 and save 350 million lei (EUR1=RON4.1620) of the state budget.

Romanian Leu Soars Vs Euro, Unlike Regional Currencies

17:55, 06 Ian. 2010
The leu extended gains against the euro Wednesday, bucking the regional trend, on foreign players' high demand for the local currency, despite the unexpected key rate cut announced Tuesday by Romania's central bank.

Romanian Lawmakers Approve Social Security Contribution Reduction

16:34, 06 Ian. 2010
Romanian parliament commissions for labor and health Wednesday approved an amendment to the social security budget for 2010, according to which employees’ and employers’ social security contributions will be reduced, although the draft budget stipulated they would remain at the last year’s level.

Econ Min Sees All Romanian Localities Connected To Electricity Network By 2012

15:53, 06 Ian. 2010
Economy Minister Adriean Videanu said Wednesday that he wants all localities in Romania to be connected to the electricity distribution network by 2012, a target that should have been reached since 2006, according to authorities' plans.

Romanian ’09 Apartment Prices Dn 17% YY – Survey

15:50, 06 Ian. 2010
The prices asked by apartment owners in the main six Romanian cities, including the capital city Bucharest, fell by an average 17% last year, according to data provided by imobiliare.ro website.

Romanian Fast Food Tax To Lead To Higher Prices, MNC Withdrawal – Food Industry Official

14:08, 06 Ian. 2010
The tax on fast food which the Romanian Government plans to introduce will lead to higher prices and compel many multinational corporations to move to other countries, resulting in more imports, Food Industry Federation president Dragos Frumosu told MEDIAFAX on Wednesday.

Romania’s OMV Petrom Buys New Oilfield In Kazakhstan

13:51, 06 Ian. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) on Wednesday said it acquired at the end of last year Kazakhstan’s Korned LLP, which owns the exploitation license for local undeveloped oilfield Kultuk, for an undisclosed amount.

Romania’s Hungarian Minority Party To Abstain From Vote On Social Security Budget Over Pensions

13:38, 06 Ian. 2010
Lawmakers of Romania’s Hungarian minority party UDMR, which is part of the government, said they will abstain from a vote on the 2010 social security budget because they cannot agree with freezing public pensions.

Romania’s Senate Allows Govt To Pass Decrees During Parliament Recess

13:37, 06 Ian. 2010
Romania’s Senate adopted Wednesday with 60 to ten votes and one abstention the draft law regulating government’s ability to issue decrees during the Parliament’s recess.