English

Romania’s Fin Min To Take Corrective Actions If Lawmakers Adopt Lower VAT For Food

18:31, 06 Feb. 2008
Romania’s Ministry of Economy and Finance is to present in parliament a series of corrective measures if deputies adopt a decision cutting by 5% the value added tax for basic food, finance minister Varujan Vosganian said Wednesday.

Romania Grants RON759.8M In Damages To Former Depositors In CEC

17:18, 06 Feb. 2008
Romania will grant total damages of 759.8 million lei (EUR1-RON3.6579) to some 37,460 people who deposited money in bank Casa de Economii si Consemnatiuni, or CEC, in view of purchasing cars during the communist regime, minister of Economy and Finance Varujan Vosganian said Wednesday.

Romanian Defense Committee Hears Int, Defense Mins On Troop Detachment

17:15, 06 Feb. 2008
The Romanian Senate defense committee decided, Wednesday, to hear defense minister Teodor Melescanu and interior minister Cristian David on sending troops abroad, as well as several journalists from Romanian weekly "Academia Catavencu" regarding security at Airport Baneasa.

Romania’s Fin Min To Appeal Senate Decision On VAT Cut For Basic Food-PM

16:42, 06 Feb. 2008
Romania’s Ministry of Economy and Finance is to appeal at the Constitutional Court an act adopted by the Senate regarding a 5% cut in the VAT for basic food, as the decision, if adopted, would trigger lower revenues to the budget and would leave food prices unchanged, Premier Calin Popescu Tariceanu said.

Romania Senate OKs 5% VAT Cut For Basic Food

14:17, 06 Feb. 2008
Romania’s senate on Wednesday approved a 5% cut of the value added tax for basic food – bread, meat, milk, vegetal oil and sugar.

Romanian Anticorruption Prosecutors Probe Former Agriculture Minister

13:44, 06 Feb. 2008
Romania’s former agriculture minister Decebal Traian Remes and his lawyer on Wednesday spent nearly two hours at the National Anticorruption Department (DNA).

Ex Romanian Football Coach Trains To Become Senator

11:29, 06 Feb. 2008
Anghel Iordanescu, former coach of Romania’s football team was unanimously appointed in the Senate's plenary session to take over the mandate of senator of the Social Democratic Party, or PSD, for the county of Ilfov.

Romanian Social Democrats To Back Majority Uninominal Voting System

21:09, 05 Feb. 2008
Romania’s leftist opposition Social Democratic Party, or PSD, Tuesday decided to back, during the debates in Parliament, the majority uninominal voting system in a single round of elections, PSD leader Mircea Geoana said.

Romania Life Insurance Mkt Seen Up 25% In 2008

17:59, 05 Feb. 2008
The growth rate of Romania’s life insurance market will reach 25% in 2008, up 5% from 2007, mainly due to people’s growing interest in these financial instruments, following the adhesion campaign to private pension funds.

Constitutional Court To Rule If Probe Requests For MPs Need Parliament Approval

17:43, 05 Feb. 2008
Romania’s Senate asked the Constitutional Court to rule whether Parliament should or should not give its approval regarding the notices on the start of criminal investigation against ministers who are also MPs.

Ctrl Bker Warns Against Danger Of Inflationary Spiral

15:56, 05 Feb. 2008
Romania’s central bank governor Mugur Isarescu on Tuesday said wage increases need to correlate with labor productivity to prevent creating an “inflationary spiral,” which is very hard to control.

Five Romanians Arrested In Spain For Plundering Jewelry Store

14:53, 05 Feb. 2008
The civilian guard in the town of Leon (north-western Spain) arrested five Romanian citizens, three women and two men, after they allegedly plundered a jewelry store in the city of Pola de Lena.

Romanian Fiscal Authority Takes Online Budget Statements On A National Level

14:53, 05 Feb. 2008
The Romanian National Fiscal Administration Agency (ANAF) will extend, to a national level, on April 1, the system that allows companies to submit budget statements online, said the president of the agency, Daniel Chitoiu.

Romania’s Econ Potential Highest Among SE European States- U.S. Ambassador

12:56, 05 Feb. 2008
Romania is one of the best-kept secrets when it comes to investment opportunities, U.S. Ambassador to Bucharest Nicholas Taubman said in New York on Tuesday, during an event meant to promote Romanian business opportunities.

Czech Profireal Opens Branch In Romania

12:05, 05 Feb. 2008
Profi Credit IFN SA, a member of the Czech financial group Profireal Group, has launched operations on the Romanian market on Tuesday, manager Tomas Rosenberger said.

Romania’s Dec Net Avg Salary Up 12.9% On Mo To RON1,266

10:49, 05 Feb. 2008
Romania net average wages in December 2007 rose 12.9% on the month to 1,266 lei, the National Institute for Statistics said Tuesday.

Romanian Petrom’s Refinery Ops Unaffected By Fire

10:48, 05 Feb. 2008
Petrobrazi Ploiesti refinery of Romanian Oil Company Petrom was subject to a fire on Tuesday morning, which damaged three storage tanks but did not affect the overall operations of the refinery, the company said in a statement.

Romanian Transport Minister Free Of Traffic Accident Criminal Probe

21:04, 04 Feb. 2008
The Prosecutors’ Office within the Romanian High Court of Justice decided not to initiate criminal investigations against transport minister Ludovic Orban regarding the traffic accident in which the dignitary was involved late last year.

Romanian Pres Says Bilateral Agreement Needed For Kosovo Independence

19:10, 04 Feb. 2008
French president Nicolas Sarkozy stated Monday, at the end of talks with his Romanian counterpart, that the independence of Kosovo is inevitable, while president Traian Basescu mentioned that Romania would never acknowledge such an unilateral declaration.

Romanian Foreign Affairs Min Salutes Serb Pres Reelection

17:16, 04 Feb. 2008
The Romanian Ministry of Foreign Affairs salutes the reelection of Boris Tadić as president of Serbia, for a new five-year mandate, pointing out that Romania has always been in favor of the pro-European forces in Belgrade.

French, Romanian Presidents To Sign Strategic Partnership Monday

15:17, 04 Feb. 2008
Romanian President Traian Basescu on Monday afternoon welcomed his French counterpart Nicolas Sarkozy during the latter’s one-day visit to Bucharest.

Romania Council Overseeing Securitate Files To Carry On Activity-PM

14:47, 04 Feb. 2008
The Romanian executive will issue an ordinance allowing the National Council in charge with overseeing the files of former communist secret police, or CNSAS, to carry on its activity, Premier Calin Popescu Tariceanu said Monday.

Interim EC Report On Romanian Justice Filed

14:43, 04 Feb. 2008
The European Commission’s report with respect to the Romanian justice sector mentions that in key areas such as the fight against high-level corruption, the country did not manage to bring convincing results of having dealt with the problem.

First Grand Prix One Circuit To Be Built In SE Romania

12:08, 04 Feb. 2008
The inhabitants of Snagov village, in Romania’s southeastern county of Ilfov, voted in favor of building a Grand Prix One racing track on the Snagov commons.

European Commission To Present Interim Report On Romanian Justice

17:52, 03 Feb. 2008
The European Commission will present the report on justice in Romania, which, according to EU sources, will refer to the leadership of he High Council of the Magistrates and will state that the National Anticorruption Department is on the right track as far as investigations go.

Romanians Protest Against Constitutional Court Decision

16:56, 03 Feb. 2008
Over 300 people gathered in Bucharest’s Universitatii Square to protest against the Constitutional Court decision on the unconstitutional functioning of the National Council for the Study of Securitate Archives.

EC Might Demand Changes In The Automobile Craiova Privatization Contract

14:20, 03 Feb. 2008
The European Commission might raise a series of objections regarding the privatization of Romanian car factory Automobile Craiova with American group Ford, according to the president of Romanian privatization authority AVAS, Teodor Atanasiu.

Romanian Liberals Take Arms Against Bureaucracy, Taxation

13:49, 03 Feb. 2008
Romanian National Liberal Party vice president Varujan Vosganian stated that the party enacted a resolution through which it vows to accelerate and complete the program for the reduction of bureaucracy and taxation in 2008.

Romanian Liberals To Tackle CNSAS Issue

17:05, 02 Feb. 2008
Romanian National Liberal Party leader Calin Popescu Tariceanu stated that his party will take responsibility for the solution of the CNSAS situation. He decided the formation of a working group, including Stejarel Olaru and Marius Oprea, to find legal support in this respect.

Romanian PM Vies For Govt’s Uninominal Voting System

15:19, 02 Feb. 2008
The leader of the Romanian liberals, prime minister Calin Popescu Tariceanu, said that the Executive and the liberal members of Parliament will support the introduction of the uninominal voting system, and he called on political parties to offer support for the government’s uninominal vote law.

Romanian Democrat Liberals To Demand Car Tax Cancellation

14:49, 02 Feb. 2008
Romanian Democratic Liberal Party (PDL) president Emil Boc, announced after the party’s National Standing Office meeting, the completion of simple motion that will be submitted at the beginning of next week in the Chamber of Deputies, called "Cancel the first registration tax."

Shape Shift Could Save Romania’s CNSAS – Ex Justice Min

13:26, 02 Feb. 2008
Romanian former justice minister Tudor Chiuariu said that the only solution to save Securitate archive study authority CNSAS is to turn it into an autonomous administrative investigation authority.

Romanian Leu Hits 2-Week High Vs Euro, Dealers Suspect Ctrl Bk Intervention

20:12, 01 Feb. 2008
The Romanian leu strengthened against the euro on Friday to 3.67/6750 to the euro, dealers suspecting the appreciation was due to the central bank’s intervention on the market.

Romanian Constitutional Court Says CNSAS Is Not Disbanded

20:03, 01 Feb. 2008
The Romanian Constitutional Court states that the unconstitutional tag placed on the Law governing the Romanian authority for the study of Securitate archives, CNSAS, does not disband the institution, but if the law is not amended within 45 days, its provisions will no longer be effective.

Romanian Communist Hunters Temporarily Unemployed, CNSAS Sidelined

17:07, 01 Feb. 2008
The president of Romanian communist Securitate archive study authority CNSAS, Ladislau Csendes, said that the Constitutional Court decision on the CNSAS law suspended the institution for 45 days and threw its employees in temporary unemployment, which is an unprecedented situation.

Romanian Railroad Protest Was Illegal – Transport Min

16:31, 01 Feb. 2008
Romanian transport minister Ludovic Orban stated Friday in a press conference that the halt in train traffic was not a spontaneous protest movement, because it kicked off simultaneously throughout the country and traffic was resumed in the same manner, making this form o protest illegal.

German Carmaker Daimler Contacted Romanian PM, Govt Denies

16:17, 01 Feb. 2008
German carmaker Daimler contacted Romanian Prime Minister Calin Tariceanu about the company’s plans to open an auto assembly plant in Romania, and the premier requested several ministers to draw a list of possible locations for such a production unit.

Romanian Communist Hunters Threaten Hunger Strike

16:00, 01 Feb. 2008
Most of the employees within Romania’s communist Securitate archive study authority CNSAS want to go on strike, starting Saturday, protesting against the decision of the Constitutional Court, which dubbed the CNSAS law unconstitutional, said CNSAS member Ticu Dumitrescu.

Romania To Introduce OpenID Standard For Online Payment

15:34, 01 Feb. 2008
Clients of mobile telephony operators and of banks will be able to access websites of the public administration for online tax payment or to submit applications without using identification codes and passwords offered by mayoralties.

French Court Clears Tax Evader Sever Muresan From Tax Payments

12:27, 01 Feb. 2008
The Court of Appeals in Lyon, France, cleared Romanian-French citizen Sever Muresan from paying taxes for the years 1994 and 1995 to the French state, repealing the decision of the Dijon Court, and ruled that Muresan is to receive EUR4,000.