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IMF: Romania May Raise Salaries, Pensions Slightly In 2012, If Things Go Well

16:33, 07 Nov. 2011
Romania's Government has agreed with the IMF and EC to freeze public sector salaries and pensions, but to increase them slightly halfway through next year, if budget revenue allows, said IMF mission chief Jeffrey Franks.

Bucharest-Ploiesti Highway To Open For Traffic Next Spring – PM

14:44, 05 Nov. 2011
Romanian Prime Minister Emil Boc said Saturday the 62-kilometer highway linking capital Bucharest to Ploiesti will be open for traffic next spring at the latest.

UK Advisory Committee Recommends Maintaining Employment Restrictions For Romanians, Bulgarians

16:03, 04 Nov. 2011
The United Kingdom's Migration Advisory Committee recommends maintaining restrictions on the access of Bulgarian and Romanian nationals to employment, as lifting them would have a negative impact on the British labor market.

Laid Off Nokia Employees To Receive Severance, Re-Employment Counseling

21:22, 03 Nov. 2011
The employees laid off from Nokia's plant in Romania will receive severance pay, as well re-employment counseling, training and development packages and support for entrepreneurs, the company announced Thursday evening.

Romanian President: 2012 Budget Targets Deficit Of 1.9% In Cash Terms

21:19, 03 Nov. 2011
Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of the GDP in cash terms, which can be increased up to 2.5% later in the year.

Romanian MPs Tacitly Adopt Bill Allowing Secret Service To Conduct Criminal Investigations

11:20, 03 Nov. 2011
Romania’s Chamber of Deputies on Thursday failed to secure the necessary quorum to debate and vote on a bill that allows secret services to conduct criminal investigations and the bill was adopted tacitly.

Romanian Cos Allowed Until December 15 To Update General Employee Registry

19:39, 02 Nov. 2011
Romania's Government has pushed the deadline by which companies may register or update the data in the General Registry of Employees (REVISAL) to December 15, 2011.

New Authority To Handle Romanian Road Transport Controls Starting In December

19:26, 02 Nov. 2011
Traffic control in road transport, currently the responsibility of the Romanian Road Authority, Romanian Car Registry and National Roads and Highways Company (CNADNR), will be taken over by a new structure, starting in December.

Romania To Reorganize State Inspectorate For Construction, Set Up Regional Departments

19:10, 02 Nov. 2011
Romanian authorities will reorganize the State Inspectorate for Construction (ISC) by closing county inspectorates and setting up eight regional departments for construction, according to an emergency ordinance approved by the Government Wednesday.

Media Pro Entertainment Brings Films Produced By U.S. Summit Entertainment To Eastern Europe

13:38, 02 Nov. 2011
Media Pro Entertainment, the distribution division of Central European Media Enterprises, signed an exclusive three-year contract with film studio Summit Entertainment for full rights to distribute the films produced by the U.S. company in Bulgaria, the Czech Republic, Slovakia, Hungary, and Romania.

Romanian Pensioners Protest Income Freeze

11:59, 02 Nov. 2011
About Romanian 200 pensioners are protesting outside the Government building Wednesday over the Cabinet’s decision to keep pensions unchanged next year and apply a 5.5% social security contribution.

Romania Abstained From Voting On Palestinian Bid For Full Membership In UNESCO

12:40, 01 Nov. 2011
Romania abstained from voting Monday on Palestinians’ request to join the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Romanian Foreign Affairs Ministry said Tuesday.

Police, Nuclear Activity Authorities Seek 73 Kg Of Uranium Stolen From Storage Facility In W Romania

12:39, 01 Nov. 2011
Local police in Bihor county, western Romania, and the Commission for the Control of Nuclear Activity are investigating the theft of 73 kilograms of uranium ore from a storage facility of the National Uranium Company.

Romanian Senate Adopts New Bill On Car Pollution Tax

21:12, 31 Oct. 2011
Romania's Senate on Monday adopted a bill on the car pollution tax, which amends the first registration tax criticized by the Court of Justice of the European Union.

Romanian President Urges Lawmakers Again To Adopt Social Welfare, Magistrates Statute

13:36, 31 Oct. 2011
Romanian President Traian Basescu on Monday has asked the Parliament again to speed up the adoption of the social welfare law, the bill amending the statute of Romanian magistrates, as well as the draft law applying the Criminal Code.

Fourteen Romanians Killed In Road Accident In Hungary

08:49, 31 Oct. 2011
Fourteen Romanians were killed Sunday evening on a highway in Hungary when the microbus taking them to Romania was hit by a truck, the Romanian Foreign Ministry said Monday.

President: Romania’s Economy Might Grow 3% In 3Q Compared With July-Sept 2010

20:43, 30 Oct. 2011
Romania’s economy might grow 3% in the third quarter of the year compared with the same interval a year ago if the country’s economic performance in September is not spectacularly bad, President Traian Basescu told a news conference Sunday.

State’s Stake In Rosia Montana Might Be Raised If Romania Adopts Laws Supporting Mining Cos

20:18, 30 Oct. 2011
The Romanian Government is in negotiations with Canadian company Gabriel Resources to increase its stake in Rosia Montana Gold Corporation (RMGC) from 19.3% to 22.5%.

IMF: Romania’s Lower-Than-Expected Inflation Best News Since IMF Mission’s Previous Visit

18:20, 30 Oct. 2011
The best news since the previous visit of the International Monetary Fund’s delegation to Romania is the decrease of the country’s inflation above expectations, IMF's mission head Jeffrey Franks said Sunday.

Romanian Pharma Industry Asks IMF To Push For Changes To Clawback System

14:26, 30 Oct. 2011
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.

Foreign Banks May Withdraw Money From Romanian Subsidiaries If They Want – Official

14:24, 30 Oct. 2011
Romania’s representative to the International Monetary Fund, Mihai Tanasescu, said Sunday foreign banks’ local subsidiaries may transfer money outside the country should mother banks ask for it.

Romanian Transport Minister Signs EUR39.5M Contract For Suceava Airport Upgrade

17:23, 28 Oct. 2011
Romanian Transport Minister Anca Boagiu and Suceava county council president Gheorghe Flutur on Friday signed the contract for the Suceava Airport's modernization through the Transport Operational Program, a EUR39.5 million investment financed by the EU and the national and county budget.

Romanian Tourism Min Awards EUR3.2M Consulting Contract For Tourism Brand Promotion

15:53, 28 Oct. 2011
The Romanian Tourism Ministry awarded a EUR3.2 million contract to firm EMC South Central Europe-The Network, which will provide consulting services to promote the country’s tourism brand, the ministry said in a press release Friday.

President: Romania To Further Reduce Number of Public Sector Employees

11:51, 28 Oct. 2011
Romania will continue to reduce the number of public sector employees, “especially in public administration,” President Traian Basescu said Thursday on public television.

Romania To Provide Emergency Relief To Turkey, Libya

18:39, 27 Oct. 2011
Romania's Government has decided to supply 100 tents to Turkey free of charge, as emergency earthquake relief, and provide medical care to 100 Libyan citizens injured in the civil war.

Romania Has Two Months To Transpose Data Retention Directive Into National Law

17:53, 27 Oct. 2011
The European Commission (EC) on Thursday asked Romania and Germany to ensure within two months full compliance with EU rules on data retention.

Romanian Car Repair Shops Might Double Prices Following Authorization Tax Hike

15:00, 27 Oct. 2011
The Romanian Association of Independent Car Repair Shops (ASSAI) said Thursday service garages might have to raise repair prices following a decision by the Romanian Auto Registry (RAR) to increase annual repair shop authorization taxes.

Romanian Mining Industry Unions Threaten Protests Over Lack Of State Aid

12:50, 27 Oct. 2011
Unionists in the Romanian mining industry on Thursday threatened they will stage protests as the Government failed to take any decision to support miners.

Romanian Soldier Injured In Insurgent Attack In Afghanistan

10:00, 27 Oct. 2011
Romanian sergeant Marian Nicula of the 495 Battalion serving in Afghanistan was injured Tuesday evening in an insurgent attack on NATO coalition forces and will be taken to a hospital in Germany, the Romanian Ministry of Defense said late Wednesday.

EP Urges EU States To Lift Labor Market Restrictions Against Bulgaria, Romania By End-2011

16:46, 25 Oct. 2011
All EU member states must allow Romanians and Bulgarians access to the labor market by the end of 2011, ahead of the 2013 deadline, says a resolution adopted Tuesday by the European Parliament, calling on the Commission to initiate infringement procedures against non-compliant Member States.

PM: None Of Romania’s 2012 Budget Scenarios States Wage Cuts, Taxing Pensions

16:23, 25 Oct. 2011
The Romanian Government will propose a prudent draft 2012 budget, which should protect Romania from major risks if the situation in Europe does not improve, and none of the budget scenarios states wage cuts or taxing pensions, Prime Minister Emil Boc said Tuesday.

King Michael Of Romania Delivers First Speech In Parliament After Abdication In 1947

12:59, 25 Oct. 2011
Romania’s former king, Michael I, addressed the Parliament Tuesday, on his 90th birthday and 64 years after his forced abdication in 1947.

Romanian President Calls For Prudent 2012 Budget

20:17, 24 Oct. 2011
Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Traian Basescu said Monday.

Romanian PM Needs Parliament Mandate To Negotiate With IMF – Senate President

16:18, 24 Oct. 2011
Romanian Senate president Mircea Geoana said Monday that he will write to Prime Minister Emil Boc and ask him to request the Parliament's mandate before negotiating with the IMF, World Bank and European Commission.

Romanian Opposition Wants VAT Cut To 19% To Vote On Draft 2012 Budget

14:24, 24 Oct. 2011
Romanian opposition Social Democratic Party leader Victor Ponta said Monday the Social Liberal Union will vote on the draft budget for 2012 only if social security contributions are cut by 10% and the value added tax to 19%.

Eurostat Withdraws Reservation On Romania’s Deficit Data

16:54, 21 Oct. 2011
Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern European country was according to ESA95 methodology, the Finance Ministry said Friday.

Romania Will Neither Cut Nor Tax Pensions In 2012 – Ruling Party Official

15:31, 21 Oct. 2011
Romanian ruling Democratic Liberal Party secretary general Ioan Oltean said Friday pensions will neither be cut nor taxed in 2012.

Romania To Sign EU Financing Contracts Worth EUR250M For Infrastructure Projects By 2012

19:05, 20 Oct. 2011
Romanian Transport Minister Anca Boagiu said that, by the end of the year, the ministry will sign European financing contracts worth EUR250 million for infrastructure investments, raising the total current value of contracts to EUR1 billion.

Romania To Have 123 Km Of Highway Open By End-Year – PM

17:25, 20 Oct. 2011
Romanian Prime Minister Emil Boc said Thursday that the country will have "123 km of highway" by the end of the year, of which 90 km are already open for traffic.

PM: Romanian Govt Wants EU Fund Absorption Rate Of At Least 20% In 2012

16:56, 20 Oct. 2011
Romanian Prime Minister Emil Boc said Thursday the Government wants Romania to reach a European fund absorption rate of at least 20% in 2012, as the money attracted will help the country’s economy.