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Carmaker Ford Produced 3,000 Commercial Vehicles In Romania In Jan-April

17:54, 26 Mai 2011
Carmaker Ford produced about 3,000 Transit Connect light commercial vehicles at its car plant in Craiova, southern Romania, in the first four months of the year, four times more than in the same interval in 2010.

Romanian Posta Romana To Be Restructured Before Postal Service Liberalization In 2013

14:40, 26 Mai 2011
The board of Romanian state-run postal company Posta Romana will discuss Thursday a restructuring plan which aims to get the company ready for the liberalization of postal services set for January 1, 2013, said Communications Minister Valerian Vreme.

Romanian President Says Police Layoff Bill Rejection Shows Weakness In Ruling Coalition

14:21, 26 Mai 2011
Romanian President Traian Basescu said Thursday on public radio the Parliament’s failure to pass a bill laying off police officers shows weakness in the ruling coalition and comes at a bad time.

Roubini: Romania Unlikely To Join Eurozone In 2015

13:39, 26 Mai 2011
Romania will probably miss its self-imposed deadline for euro adoption in 2015, American economist Nouriel Roubini said Wednesday, mentioning that there’s “nothing wrong with waiting another year or two” before joining the euro area.

EIB Official: Romania Registers Delays In All Stages Of EU Fund Absorption Process

13:30, 26 Mai 2011
Romania registers delays in all phases of the EU fund absorption process, also because financing must be ensured before projects are approved, Milena Messori, director of the European Investment Bank office in capital Bucharest, said Thursday.

Fewer Romanian SMEs Unable To Repay Loans – SME Guarantee Fund

13:16, 26 Mai 2011
The number of small and medium-sized companies (SMEs) unable to pay back their loans has decreased this year and SMEs have started taking loans for investments rather than mere subsistence, said Thursday Aurel Saramet, head of the country’s guarantee fund for SMEs.

Romanian FM Hopes Romania Gets Clear Schengen Entry Date This Fall

12:06, 26 Mai 2011
Romanian Foreign Affairs Minister Teodor Baconschi said Thursday on RFI he hopes that, during the Council of Justice and Home Affairs to take place this fall, all member states will agree on a clear date for Romania’s Schengen entry in the second half of the year.

Romanian Govt To Up Clunkers Program Budget By 60,000 Scrapping Vouchers

08:22, 26 Mai 2011
Romania’s Government will supplement the budget for the country’s cash for clunkers program by 60,000 scrapping vouchers, Environment Minister Laszlo Borbely said Wednesday, at the end of the Cabinet meeting.

Romanian Govt Postpones Decision On Car Tax Changes

20:21, 25 Mai 2011
Romania’s Government has postponed a decision to change the car tax and will first draw up an impact analysis and discuss the matter within the ruling coalition, people close the matter told MEDIAFAX Wednesday.

Romania’s Budget Posts RON829M Surplus In April

19:08, 25 Mai 2011
Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million) in April, fueled by higher revenue, while the budget deficit for the first four months of 2011 narrowed to RON4.4 billion, the Finance Ministry said Wednesday.

Romanian President Traian Basescu Boycotts Warsaw Summit

17:24, 25 Mai 2011
Romania President Traian Basescu will not participate in the summit of Central and Eastern European countries to take place in Warsaw between May 27 and May 28, as Poland has decided to invite “an entity” Romania does not recognize as state, the president's spokesman, Valeriu Turcan, said Wednesday.

Romanian Government Ups Staff Spending By 5% In Election Year 2012 – Bill

15:13, 25 Mai 2011
The Romanian Government will increase staff spending by 5% in election year 2012, above the cap set for this year, to 42.59 billion lei (about EUR10.33 billion) or 7.2% of the gross domestic product, one percentage point above inflation and economic growth estimates.

Romania Central Bank Sees Rising Capital Inflows On Medium-Term

14:45, 25 Mai 2011
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.

Romanian Tourism Still In Crisis – Industry

14:12, 25 Mai 2011
Romania's tourism sector has not recovered from the crisis and the number of tourists who stayed in Romanian hotels was 20% lower in the first three months of this year, compared to the same period last year, said hotel and tour agency representatives in a conference on Wednesday.

Romania Ctrl Bk Head: Pension Cuts Preferable To VAT Rate Increase

13:55, 25 Mai 2011
Lowering pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bk: There’s No Predetermined Economic Growth Model

13:32, 25 Mai 2011
The economic growth model is not predetermined, but is based on the decisions of private investors and on macroeconomic policies, Romanian central bank governor Mugur Isarescu said Wednesday.

Romania April Private Lending -0.3% On Month To RON204.6B

13:12, 25 Mai 2011
Romanian private lending fell 0.3% in real terms to 204.6 billion lei (EUR49.6 billion) in April from a month earlier, and was down 5.7% on the year, central bank data showed Wednesday.

Almost 250,000 New Work Contracts Signed In Romania In May – Labor Min

10:24, 25 Mai 2011
Romanian acting Labor Minister Emil Boc said Wednesday that almost 250,000 new work contracts have been signed this month, bringing the total to more than the number of active contracts at the end of 2008, before the economic crisis.

Italian PM Berlusconi To Visit Romania For Inter-Govt Meeting Next Week

19:05, 24 Mai 2011
Italian Prime Minister Silvio Berlusconi is expected to come to Bucharest next week for a meeting with Romanian Prime Minister Emil Boc and an inter-government reunion, attended by ministers from the two cabinets, people close to the matter told MEDIAFAX.

EC Opens In-Depth Investigations Into State Aid To Romanian Air Transport Sector

16:14, 24 Mai 2011
The European Commission has opened two in-depth investigations under EU state aid rules into a Romanian support scheme for investments in regional airports and to ascertain whether certain rebates and discounts granted by the Timisoara airport to some airlines distort competition.

Romanian Bankers See Rates On Leu, Euro Loans At Close Levels In 18 Months

16:09, 24 Mai 2011
The gap between interest rates on Romanian leu- and euro-denominated loans is likely to narrow in the next 18 months, provided the cost of domestic currency lending will continue its downward trend, the head of Romanian Banking Association (ARB) said Tuesday.

Romania To Cut Customs, Financial Guard Jobs By Third

15:50, 24 Mai 2011
Romania's Finance Ministry wants to cut 2,140 jobs in the National Customs Authority and the Financial Guard, according to two draft government decisions.

Romanian Interior Min Layoff Bill Fails To Pass Lower House

14:21, 24 Mai 2011
The bill on layoffs in the Romanian Interior Ministry received too few votes in the Chamber of Deputies and did not pass, to the satisfaction of the union members watching the meeting, who cheered and applauded.

Romanian Govt Considers Reducing VAT On Construction Materials – Official

13:58, 24 Mai 2011
Romania's Government is considering reducing the VAT on construction materials, National Housing Agency (ANL) official Romeo Dragan said in a conference hosted by business daily Ziarul Financiar.

Romanian Education Min Extends Winter, Spring Breaks This School Year

13:33, 24 Mai 2011
The 2011-2012 school year will not include a break between semesters but the winter and spring breaks will be extended by one week each, Education Minister Daniel Funeriu said Tuesday.

Romanian Public Servants Won RON530M In Back Pay Through Rulings In 2011

17:40, 23 Mai 2011
Romanian public sector employees won salary rights in the amount of 530 million lei (EUR128 million) through court decisions in the first four months of 2011, which will be paid by the government in installments until 2014, according to a draft emergency ordinance.

Romanian Railway Co CFR Marfa Reduces Work Schedule By Two Days Per Month

17:11, 23 Mai 2011
Romanian railway company CFR Marfa has reduced the number of working days by two for every 30, effective May 23, and will cut 3,000 jobs through collective layoffs starting in July, says a press release.

Building A House In Bucharest Suburbs Costs Less Than EUR80,000

14:05, 23 Mai 2011
Building a 100 sqm house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices, according to a study of Romanian realty website imopedia.ro.

Most Urban Romanians Remain Wary Of Large Acquisitions – Poll

13:26, 23 Mai 2011
A recent poll by Romanian research firm ISRA Center Marketing Research shows that only a handful of Romanians in urban areas plan to buy a home or a car within the next 12 months.

Romanian Prosecutors Start Criminal Investigations Against Ruling Lawmaker

13:16, 23 Mai 2011
Romanian anticorruption prosecutors on Monday have started criminal investigations against ruling democrat liberal MP Mircea Banias accused of influence peddling.

Anticorruption Authorities Raid SE Romanian Customs Point

11:14, 23 Mai 2011
Romanian authorities on Monday morning raided the Agigea Sud customs in southeastern Romania and checked local freight transport firm Romtrans, people familiar with the matter told MEDIAFAX.

Romanian Federation Of Agricultural Producers Warns Food Prices To Go Up

14:11, 22 Mai 2011
The National Federation of Romanian Agricultural Producers (FNPAR) warned that the unfavorable weather conditions and lack of agricultural strategies will force up food prices in the upcoming period.

Romanian Labor Min Reminds Employers Of Advantages To Hiring Unemployed People

20:51, 20 Mai 2011
Romanian acting Labor Minister Emil Boc said Friday that he has ordered "a more aggressive campaign" to inform the business environment about the incentives provided to hire unemployed people, even as the jobless rate is declining.

Romanians Spend Over Half Of Monthly Budget On Food, Utility Bills – Survey

17:25, 20 Mai 2011
Romanian households spend more than half of their monthly budgets on food, gas and electricity bills, ranking first among EU countries, UniCredit said in a presentation at the EBRD annual meeting in Kazakhstan Friday.

Romania To Have 845 Km Of Highway In A Few Years – Transport Min

17:23, 20 Mai 2011
Romania will have 845 km of highway in a few years, compared to its current 313 km, through investments of EUR5.17 billion, Transport Minister Anca Boagiu said Friday.

Romania Needs Energy Competition, Not Full Privatization – Enel

16:52, 20 Mai 2011
Romanian authorities need not privatize all energy companies or electricity producers, but the segment needs true competition, Friday said Luca D’Agnese, president of Enel Romania.

Romania Remains Top CEE Business Destination In May – Survey

16:51, 20 Mai 2011
Romanian economic outlook for the next six months improved slightly in May, anchoring the country in the first spot among the best business destinations in Central and Eastern Europe, a ZEW/Erste survey showed Friday.

Romania Might Have 40 Min Wage Standards, One For Each Economic Sector

16:28, 20 Mai 2011
Romania's labor union confederations on Friday suggested dividing the economy into 39 sectors, meaning there could be 40 minimum wage standards – one for each private sector plus the public sector.

Romanian Transp Min Signs EUR693M Contracts For Corridor IV Highways

16:11, 20 Mai 2011
Romanian Transport Minister Anca Boagiu on Friday signed five contracts, worth a total EUR692.68 million (including VAT), for the design and construction of highway sections on Pan-European Corridor IV, the first of nine project packages that have been auctioned off.

EXCLUSIVE: Romanian Govt Considers Charging Car Pollution Tax Upon First Sale

13:37, 20 Mai 2011
Romania's Government is considering charging the pollution tax upon the first sale of cars imported before July 1, 2008, but in an amount reduced by 30%, and refunding part of the tax already paid by owners, in installments over several years, to avoid returning EUR750 million all at once.