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Flat Tax Might Be Reduced In 2011 If Romania Resumes Economic Growth – President

19:00, 14 Nov. 2009
Romanian President Traian Basescu said Saturday, during a debate held in Cluj-Napoca, northwestern Romania, the flat tax might be reduced from 16% to 14% in 2011 if Romania resumes economic growth.

Romanian President, Liberal Leader Accuse Each Other Of Being Politically Manipulated

17:37, 14 Nov. 2009
Romanian President Traian Basescu and liberal presidential candidate Crin Antonescu accused each other, during a debate held Saturday in Cluj-Napoca, northwestern Romania, of being politically manipulated.

Romanian Senate Chairman Proposes Moldova Republic Common Govt Meetings

16:30, 14 Nov. 2009
Romanian Senate Chairman social democrat Mircea Geoana Saturday proposed Moldovan Prime Minister Vlad Filat Romania and Moldova Republic should establish a system of common Government meetings, adding a first meeting might take place in Iasi, eastern Romania, after presidential elections.

Romanian Green Party Presidential Candidate To Participate In Public Debate In Cluj

14:34, 14 Nov. 2009
Romanian Green Party presidential candidate Remus Cernea told MEDIAFAX Saturday he will participate alongside President Traian Basescu and liberal presidential candidate Crin Antonescu in a public debate in Cluj, northwestern Romania, adding he has doubts the meeting will take place today.

Romanian Social Democrat Leader Proposes Presidential Candidates To Meet Wednesday

13:38, 14 Nov. 2009
Romanian social democrat presidential candidate Mircea Geoana said he will participate Saturday in election campaign events in Braila and Tulcea, southeastern Romania, and proposed presidential candidates to meet Wednesday at the Academy of Economic Studies in Bucharest.

Family Of Romanian Deceased In Austria Disclaims Death Caused By AH1N1 Virus

11:50, 14 Nov. 2009
The family of the Romanian national who recently died in Austria said the information released by the media according to which the man died due to complications caused by the AH1N1 virus is not true as the medical file of the deceased does not mention such a diagnosis.

Romanian Democrat Liberal, Liberal Presidential Candidates To Participate In Public Debate In Cluj

10:42, 14 Nov. 2009
Romanian presidential candidates democrat liberal Traian Basescu and liberal Crin Antonescu will participate Saturday in a public debate in Cluj-Napoca, northwestern Romania, at 3 p.m., at the invitation of social democrat presidential candidate Mircea Geoana.

Romania Govt Decides Elections-Referendum Combo Needs Separate Voter Lists

20:05, 13 Nov. 2009
The Romanian Government decided that in the presdiential elections and the referendum there will be two electoral tables, not a single one, and people voting in special polling stations will file two self statements, changes that will generate additional costs of RON4 million.

Romania To Keep Flat Tax, VAT Unchanged In 2010 – Caretaker PM

18:05, 13 Nov. 2009
Romania will keep in 2010 its flat rate tax and value added tax unchanged at their current levels of 16% and 19%, respectively, caretaker Premier Emil Boc said Friday.

Romanian Bank Loans Lose Ground With Cos Nearing Flatline, Skeptical People – Bkr

17:55, 13 Nov. 2009
Banks cannot grant loans as companies that need money are “almost dead" and people do not trust the bank system, Credit Europe Bank regional manager Dorothea Nicolae said Friday.

Romanian AH1N1 Vaccines To Be Used On Children Starting Jan – Acting PM

16:43, 13 Nov. 2009
Romanian children will be immunized against the AH1N1 virus using the vaccines which the Cantacuzino institute will produce early January, in a procedure in accordance with certified national standards, acting Prime Minister Emil Boc said Friday.

Romanian Actor Gheorghe Dinica Buried Friday With Military Honors

15:40, 13 Nov. 2009
Romanian actor Gheorghe Dinica was buried with military honors Friday at the Bellu cemetery in Bucharest.

Romanian Senate Chairman To Ask Parliament For Ad-Hoc Budget Meeting In Jan ’10

15:23, 13 Nov. 2009
Romanian social democrat presidential candidate and Senate’s chairman Mircea Geoana said Friday, during a meeting with representatives of the business environment held in Brasov, he will ask the Parliament to call for an ad-hoc meeting in January 2010 to debate and adopt the budget.

Bechtel Replaces Transylvania Highway’s Project Manager

15:11, 13 Nov. 2009
US company Becthel appointed Mike Swinford as project manager of Transylvania highway, replacing former head Mike Mix, the company said Friday.

EU Clears Romanian State Guarantee To Ford Loan

14:29, 13 Nov. 2009
The European Commission on Friday approved Romania's plan to guarantee 80% of a loan taken by US carmaker Ford from the European Investment Bank for investments in its plant in Craiova, southern Romania.

Most Romanians Believe They Are Worse Off Since 2008 – Study

14:14, 13 Nov. 2009
The number of Romanians who believe their financial status has gotten worse since October 2008 has doubled, up to 63% of those who answered a survey conducted by GfK Romania, compared with Poland, where 33% believe they are worse off than last year.

Romania 3Q GDP Sees 4th Largest Decline In EU

13:55, 13 Nov. 2009
Romania posted the fourth biggest quarterly economic fall in the European Union in July to September, while the EU's gross domestic product inched up 0.2% on the quarter, official data showed Friday.

Romanian Clunkers Program Expansion To Cos Could Boost Mkt By 15-20%

13:46, 13 Nov. 2009
The widening of the Romanian car park renewal program to include companies could lead to a 15%-20% growth in the new car market in 2010, while sales this year will not go beyond 130,000 units, ACAROM president Constantin Stroe told MEDIAFAX.

Romanian Education Unions Frown On Govt’s Budget Savings Plan, Threaten Protests

12:42, 13 Nov. 2009
The Romanian National Education Federation called on the Government Friday to seek ways for state budget savings without affecting the education sector, especially since prior measures to scrap over 19,000 jobs in the sector were deemed excessive.

Bucharest Blood Transfusion Center Staff Protested Friday Over 30% Wage Cut

12:16, 13 Nov. 2009
The employees with the Bucharest Blood Transfusion Center protested Friday morning for nearly two hours, saying that the scrapping of salary bonuses for prevention, risk and difficult work conditions lowered their salaries by 30%.

Romania 3Q GDP -0.7% On Quarter, -7.1% On Year

10:34, 13 Nov. 2009
Romania’s third quarter gross domestic product shrank by a seasonally-adjusted 0.7% compared with the earlier quarter, a flash estimate of the National Statistics Institute, or INS, showed Friday.

EIB Plans To Grant EUR1.5B Loans In Romania In 2010

19:37, 12 Nov. 2009
The European Investment Bank estimates it will grant loans of EUR1.5 billion in Romania next year, for energy projects, SMEs support and local authorities' investments, the bank's vice-president Matthias Kollatz-Ahnen said Thursday in Bucharest.

Romania Current Acct Gap Seen At 4.6% Of GDP In ’09 – Ctrl Bker

18:44, 12 Nov. 2009
Romania’s central bank expects the current account deficit to narrow to 4.6% of the gross domestic product in 2009, from 12.3% of GDP last year, deputy governor Cristian Popa said Thursday.

Romanian Cos Hit Harder By Crisis Than Public Sector – Fin Min

14:33, 12 Nov. 2009
Romanian private environment took a harder blow than the public sector in the financial crisis’ aftermath and the authorities will take measures to correct the asymmetry created, interim Finance Minister Gheorghe Pogea said Thursday.

Romanian Capital’s New Subway Mainline To Cost EUR883M

14:33, 12 Nov. 2009
Construction works on a new mainline of the Bucharest subway to connect the city center to the western Drumul Taberei neighborhood will cost EUR883 million, of which 45% will come from a European Investment Bank (EIB) loan.

NW Romanian International Airport Wants To Built 3,500-Meter Runway, Needs EU Funds

14:23, 12 Nov. 2009
Romania’s International Airport Cluj-Napoca submitted to the Transport Ministry the documents needed to access European funds within the sector operational program to build a 3,500-meter runway, and the project requires a seven-kilometer deviation of river Somes’course.

Romania’s Oct Unemployment At 7.1%, Highest In 5-Years

13:51, 12 Nov. 2009
Romania’s jobless rate rose for the 15th consecutive month in October to 7.1%, from 6.9% in September, according to the National Employment Agency ANOFM.

Romania Registers 1146 AH1N1 Infection Cases, 89 In Last 24 Hours

13:48, 12 Nov. 2009
The Romanian Health Ministry Thursday announced 89 new cases of AH1N1 flu infection were confirmed in 13 counties and capital Bucharest in the last 24 hours, bringing the total number of infections to 1,146.

Romanian Leasing Companies Ask President To Reject Flawed Legal Amendment

13:40, 12 Nov. 2009
Romanian leasing companies asked President Traian Basescu not to promulgate a draft law stating that leasing installments become fixed and monthly, and the contract period becomes undetermined.

Winter Holidays Tourist Packages Cost 15% Less In Romania This Year, 25% Less Abroad

13:11, 12 Nov. 2009
Tourist packages for the winter season including New Year’s cost an average 15% less this year than in 2008 for destinations in Romania and 20-25% less for destinations abroad, according to Romania’s tour operators’ association ANAT.

Romania’s Transport Min Drafts Railroad Accident Investigation Regulation

12:45, 12 Nov. 2009
Romania's Transport Ministry drew up regulations setting investigation procedures for railroad and subway accidents and the document is to be approved by the Government.

Romanian Econ To Start Growing In 2011 – Ex PM Designate

12:12, 12 Nov. 2009
Romania's economy is likely to revive in 2010 and start growing in 2011, but its revival is delayed by the political crisis, former Prime Minister-designate Lucian Croitoru said Thursday, at the opening bell of the Bucharest Stock Exchange.

Erste Transfers Romanian BCR To Austrian LTD – Ziarul Financiar

12:11, 12 Nov. 2009
Austrian group Erste has put between it and Romanian lender Banca Comerciala Romana, or BCR, two limited liability companies recently established in Austria, EGB Ceps Beteiligungen and EGB Ceps Holding GmbH, business newspaper Ziarul Financiar reported Thursday.

Romania’s Govt Increases Foreign Affairs Min’s Budget To Organize Referendum Abroad

10:46, 12 Nov. 2009
Romania’s Government supplemented the budget of the Foreign Affairs Ministry by 190,000 lei (EUR1=RON4.2952) to cover costs for the organization and unfolding of the November 22 referendum to downsize the Parliament.

Romanian Subway Employees Held Two-Hour Warning Strike Thursday

10:43, 12 Nov. 2009
Romanian subway employees were on a two-hour warning strike Thursday morning, displeased with the Government’s decision not to increase their wages, and threaten to go on general strike on November 17.

Romanian President Promulgates Simplified Citizenship Procedures Law

21:01, 11 Nov. 2009
Romanian President Traian Basescu signed Wednesday the decree promulgating the law approving the Government Emergency Ordinance amending the Romanian citizenship law, thus simplifying citizenship granting procedures.

Romanian Subway Employees To Continue Protests, Say Govt Ignores Them

19:19, 11 Nov. 2009
About 200 Romanian employees of state-owned subway company Metrorex picketed the Government Wednesday and a delegation of subway workers’ representatives failed to talk with Prime Minister Emil Boc or Transport Minister Radu Berceanu.

Romania’s Govt Approves Subway Company Metrorex’s Budget, Wage Increase

19:17, 11 Nov. 2009
Romania’s Government approved Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, including the wage increase decided at the end of last year, people close to the matter told MEDIAFAX.

EBRD: Romanian Banks Should Give More Loans In Lei

16:42, 11 Nov. 2009
Romanian lenders’ main challenge ahead is to offer long-term loans in Romanian lei, because is unhealthy for households and companies to be borrowing in foreign currency while their income is in lei, an official with the European Bank for Reconstruction and Development said Wednesday.

Romanian Died In Austria Likely Over Complications Caused By AH1N1 Flu – Press

15:50, 11 Nov. 2009
A Romanian national died in a hospital in Schwarzach, Austria, of a heart attack most likely due to complication caused by the A H1N1 virus, Austrian television Oe24 said on its website Wednesday.