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Almost All Romanian Tourism Units Evade Taxes – Tourism Min

17:39, 28 Aug. 2009
Romanian tourism minister Elena Udrea said Friday at seaside resort Mamaia that "everyone, or almost everyone in tourism", is performing tax evasion, a situation seen no only at “bed & breakfasts” but also at large hotels, where the exact number of tourists accommodated is never declared.

Romanian Government To Hasten The Approval Of “First House” Loan Application Files

16:33, 28 Aug. 2009
The Romanian Government and the banks plan to reduce the approval intervals for the application files within the “First House” program and to propose prolonging the deadline for signing the house transaction pre-contracts by up to 20 days.

Romanian Transport Ministry Approves Bucharest Airports Merger

16:27, 28 Aug. 2009
Romania’s Transport Ministry on Friday approved the merger of Bucharest's Otopeni Henri Coanda and Baneasa Aurel Vlaicu international airports, in order to further set up the National Airport Company.

Madonna To Leave Romania For Bulgaria Saturday

15:40, 28 Aug. 2009
American singer Madonna, which held a concert Wednesday in Bucharest, in front of an audience of 60,000, will leave Romania Saturday and head for Bulgarian capital Sofia, where she will hold another concert on her "Sticky & Sweet" World Tour.

Bucharest Court Magistrates To Cease Activity Come Aug 31

15:34, 28 Aug. 2009
Bucharest Court vice president Laura Andrei said Friday the magistrates will cease all activities starting from Monday, except the preventive measures trials and those involving the placement of minors, while judges will refuse assignments to electoral offices.

Romanian Econ Pessimism Deepens On Faint Consumer Confidence

15:30, 28 Aug. 2009
Romanian economic mood continued its decline for the eleventh consecutive month in August, on falling consumer confidence and scarce activity in constructions, European Commission data showed Friday.

Romanian Unions Threaten To Sue Govt Over Unpaid Leave In Public Sector

15:29, 28 Aug. 2009
Romanian unionists in the public sector threatened to sue the Government if the employees in the sector are forced to take ten days off without pay.

Tax-Free Reinvested Pft, Opportune Yet Late Measure – Assoc

15:27, 28 Aug. 2009
The tax exemption on reinvested profit is an opportune yet late measure, as few companies will qualify for this facility, given the difficult economic environment, Mihai Ionescu, secretary general of National Association Of Romanian Exporters And Importers ANEIR, stated Friday.

Romanian Health Min Sees New Healthcare Pay Grid As Fair

13:41, 28 Aug. 2009
Romanian health minister Ion Bazac said Friday that the salary grid for healthcare staff, as recently amended, has reached a fair format, and this is the first time salaries take into consideration professional training and experience.

Amendments Overlapping Education Pact To Be Introduced In Education Law – Romanian Pres

12:07, 28 Aug. 2009
Romanian President Traian Basescu on Friday said all amendments overlapping the principles signed by the political parties, the teachers’ organizations and the civil society in the Pact for Education will be introduced in the law on education.

Romania’s Econ Outlook Seen Negative During Aug-Oct – INS

11:44, 28 Aug. 2009
Romanian managers see a moderate decrease in the four major sectors of the Romanian economy, namely the industrial, service, retail, and construction sectors between August and October, the National Institute for Statistics, or INS, said Friday.

Four Romanian Teams Advance To Europa League Group Stage

09:40, 28 Aug. 2009
The Romanian teams FC Timisoara, CFR Cluj, Dinamo Bucharest and Steaua Bucharest move on to the next stage in UEFA’s Europa League.

Romanian Wages Near RON600-705 To Grow In ‘10 – Labor Min State Sec

20:18, 27 Aug. 2009
Secretary of state within the Ministry of Labor Valentin Mocanu said thursdau after taks with unions that starting with 2010 all salaries with values between 600 and 705 lei (EUR1=RON4.2240) will grow, while high salaries will remain frozen.

Romanian Govt Sells Nationalized Building Plots To Collect EUR1B

20:17, 27 Aug. 2009
The Romanian Government prepared a draft law establishing that the owners of nationalized houses who have regained or bought their property through Law 112/1995 will also buy the land connected to the property, held by mayoralties, operations estimated to beget 4 billion lei (EUR1=RON4.2240).

Romanian Rompetrol To Cut Gas Pump Prices By RON0.03/ Liter

20:14, 27 Aug. 2009
Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, will cut Friday its gasoline pump prices by 0.03 lei (EUR1=RON4.2240), keeping the diesel oil prices unchanged.

Coca-Cola HBC Romania To Transfer Iasi Production Lines To Moldova

20:12, 27 Aug. 2009
Soft drink maker Coca-Cola HBC will transfer the production lines from the northeastern Romanian city Iasi to Moldova and the production unit at Floreni, Suceava county, to the neighboring unit at Poiana Negri, the company announced Thursday.

Romanian Railroad Unions Want 24 Compensatory Wages

18:00, 27 Aug. 2009
Romanian railroad unions agree with layoffs only if they are made in 2010 and the employees affected by the job scrap receive 24 compensatory wages, locomotive mechanics union leader Iulian Mantescu said Thursday after the meeting with the freight division of the national railroad company.

Romanian Bucharest-Ploiesti Highway To Have Only Two Lanes

16:50, 27 Aug. 2009
The Romanian Transports and Infrastructure Ministry (MTI) cancelled the auction for widening to three lanes the second route of the Bucharest-Ploiesti highway for “technical and legal” reasons, transports minister Radu Bercenu said Thursday.

Romanian Tourism Food Segment VAT Could Drop To 9%

16:28, 27 Aug. 2009
The value added tax (VAT) on the food segment in Romanian tourism could decrease from the current 19% level to 9%, following a provision included in the tourism law, said tourism minister Elena Udrea Thursday.

Turkey Decides To Lift Visas For Romanians – Foreign Affairs Min

16:07, 27 Aug. 2009
Turkey took the political decision to remove visas for the Romanian citizens and the Government in Ankara will soon enact the measure, Romanian foreign affairs minister Cristian Diaconescu told MEDIAFAX Thursday.

Romania Jan-Jul Budget Deficit At 3.3% Of GDP

13:23, 27 Aug. 2009
Romania’s consolidated budget deficit rose to 17.58 billion lei (EUR1-RON4.2178) in January-July, amounting to 3.3% of the gross domestic product, the Finance Ministry showed Thursday.

Romanian President Vows To Reveal Backstage Secrets Of Media „Manipulation”

12:53, 27 Aug. 2009
Romanian president Traian Basescu said he noticed certain politicians and their acolytes have been hellbent on a campaign aimed at systematically discrediting state institutions, adding he will soon clarify what's lying behind the “political and media manipulation aimed at discrediting the state.”

Romania’s July Residential Building Permits Dn 4.8% MM

11:30, 27 Aug. 2009
Romania issued 4,518 buildings permits for residential projects in July, down 4.8% on the month and down 22.6% on the year, the country’s Statistics Institute said Thursday.

Rompetrol Group To Launch Takeover Offer For Rompetrol Well Services

10:47, 27 Aug. 2009
Romania’s second-largest oil group Rompetrol will also launch a mandatory takeover offer for the stake it does not own in Rompetrol Well Services (PTR.RO), asking Romanian securities commission CNVM for a delay in filing the papers by October 30.

Romania’s Govt Eyes Agreements Btw Central, Local Authorities, Unions To Avoid „Useless Conflicts”

20:56, 26 Aug. 2009
Romanian ministries will set by the end of September minimum quality and cost standards for the public decentralized services and will also identify clearly the responsibilities to avoid “useless conflicts of interest”, according to a document approved by the government.

Romanian Defense Min Denies Involvement In Explosives, Ammo Trafficking

18:16, 26 Aug. 2009
Romanian defense minister Mihai Stanisoara, told liberal leader Crin Antonescu, as a response to the latter’s request, the Ministry of Defense is not involved in the ammunition affairs from S.C. Uzina Mecanica Babeni.

Madonna Arrives At Concert Location In Bucharest

17:53, 26 Aug. 2009
Pop singer Madonna left the Radisson SAS hotel in Bucharest, where she was lodged, and reached the Izvor Park, where she will hold a two-hour concert, included in her "Sticky & Sweet" Tour.

Romanian Public Sector Has Highest Number Of Employees In Europe – Union Leader

17:53, 26 Aug. 2009
Head of Romania’s Trade Union Bloc, Dumitru Costin, said Wednesday that 6% of the country’s population is active in the public sector, which places Romania first among European states from this perspective.

Budget Revision Ordinance To Be Enacted On Saturday – Romanian PM

15:59, 26 Aug. 2009
Romanian Prime Minister Emil Boc told the ministers who attended the weekly meeting of the Government, the ordinance regarding the budget revision will be adopted in the Government meeting held Saturday.

Romanian CFR To Lay Off Some 11,000 Employees

15:15, 26 Aug. 2009
About 11,000 employees of the National Railroad Company (CFR) are to be fired, according to data presented Wednesday to the unionists by the representatives of the Transports Ministry.

Romania Ctrl Bk July Lombard Lending Hits 4-Mo High

13:10, 26 Aug. 2009
Romanian lenders borrowed in July 1.299 bilion lei (EUR1=RON4.2236) from the central bank through the Lombard loan, the highest level since March, the central bank said Wednesday.

Romania Shortlists 10 Bks To Lead EUR500M Eurobond Issue – Sources

13:07, 26 Aug. 2009
Romania’s Finance Ministry shortlisted ten banks in an auction to select the lead manager of a five to ten years Eurobond issue worth at least EUR500 million, people familiar with the matter said Wednesday.

Number Of Romanian Bad Loan Payers Exceeded 600,000 Persons In Jun

12:42, 26 Aug. 2009
The number of bad loan payers with loans overdue by more than 30 days exceeded 600,000 persons in June, according to the data of the Credit Bureau published by the central bank.

Moody’s Sees Romanian GDP At -8.9% In ’09

19:59, 25 Aug. 2009
Romanian economy is likely to contract by 8.9% this year on falling domestic demand, while the first signs of recovery are not expected until mid next year, rating agency Moody’s said Tuesday.

Romania Avg Monthly Wage To Reach RON3,430 In 2015 – Fin Min

15:17, 25 Aug. 2009
Romania’s gross average wage will remain flat next year at 2,199 lei (EUR1-RON4.2236) a month, after which will grow by up to 56% to RON3,430 a month in 2015, Finance Minister Gheorghe Pogea said Tuesday.

Romanian Govt, IBRD Cancel $35M From ’06 Loan For Transports

15:01, 25 Aug. 2009
The Romanian Government and the International Bank for Reconstruction and Development (IBRD) decided to cancel the $35 million installment from a $180 million loan approved in 2006 for infrastructure and transports, and to widen the lending interval for the third time, until the end of this year.

Romanian Interior Min Demands 15% Share From Taxes Collected

14:49, 25 Aug. 2009
The Romanian Ministry of Interior wants a 15% share from the taxes it collects for the state budget, to be used by the ministry, according to a draft emergency ordinance, publicly debated until September 3.

Romania’s Public Sector To Scrap 326,000 Jobs By 2015 – Fin Min

14:27, 25 Aug. 2009
Romania’s public sector will scrap 326,000 jobs and will have 1.068 million employees from the current 1.394 million by 2015, the deadline for the enforcement of the unitary pay law, finance minister Gheorghe Pogea said Tuesday.

Romanian Ambassador To Bulgaria Denies Collaboration With Former Communist Secret Police

14:02, 25 Aug. 2009
Romania’s Ambassador to Bulgaria, Anton Pacuretu, told MEDIAFAX Tuesday that he never collaborated, give memos or sign any agreement with the former Romanian communist secret police "Securitate".

Romanian Government To Set Up The Final Form Of The Unitary Wage Draft Law

14:02, 25 Aug. 2009
In Romanian, the gross minimum wage, taken as reference in the unitary wage law in the public sector, will rise in 2010 from RON600 (EUR1=RON4.2236) to RON705 and will continue to increase until 2015, to RON1,100.