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Romania Central Bank To Raise Inflation Forecast In May

18:47, 12 Apr. 2011
Romania’s central bank will revise upward its forecast for the year-end inflation at a quarterly report due May, prompted by surging global food and oil prices, said Adrian Vasilescu, adviser to the central bank governor.

IMF: Romania Gross Govt Debt Up To 37.8% Of GDP In 2011

18:29, 12 Apr. 2011
Romania’s gross general government debt is likely to increase to 37.7% of the gross domestic product in 2011, from 35.2% a year earlier, the International Monetary Fund said in a report Tuesday.

Romanian Govt Suspends Certified Tax Statement Obligation

17:25, 12 Apr. 2011
Romania's Government has decided not to require companies to certify their yearly tax statements until January 1, 2013, so as to relieve the taxpayers of this additional cost and avoid cases when these statements are not filed at all.

Romanian Govt May Reject “Unusually Low” Public-Private Auction Bids – Draft

17:19, 12 Apr. 2011
The Romanian Government may reject bids submitted on auctions awarding public-private partnership contracts, if the respective offers are “unusually low” and if data show investors will not be able to meet requirements.

Romanian Competition Auth To Complete Fuel Mkt Probe By Midyear

15:04, 12 Apr. 2011
The Romanian Competition Council’s investigation of the local fuel market should be complete in the first half of the year, and the results will be sent to the European Commission, the authority's president Bogdan Chiritoiu said Tuesday.

Romanians Remain Pessimistic About Economy – Poll

14:43, 12 Apr. 2011
Romanians remain most pessimistic about the state of the economy, with over 50% saying the crisis will not end for another two to five years, according to a survey from market researcher ISRA Center.

Romania’s Oltchim Could Take Over Remaining Activities At Arpechim

14:12, 12 Apr. 2011
Romania’s Economy Ministry Tuesday said chemical plant Oltchim (OLT.RO) might take over the entire activity at troubled supplier Arpechim, after the refinery was shut down because of lack of demand.

Romanian Govt Plans To Increase Waste Recycling Rate

14:10, 12 Apr. 2011
Romania currently recycles only 1% of its waste and the 50% recycling target set for 2020 cannot be reached, so the Government will put forward a new waste management law, which will include new taxes.

Romania Awards RON3.5B Contracts For Highway Constructions

14:06, 12 Apr. 2011
Romania’s public roads authority CNADNR has awarded construction contracts worth a total 3.45 billion lei (EUR1=RON4.1152) for four highway sections in the western part of the country, the authority said Tuesday.

Franklin Templeton Says Romania Could Attract EUR3.5B By Listing Nuke, Hydropower Plants

13:57, 12 Apr. 2011
Romanian state-owned power producers Hidroelectrica and Nuclearelectrica could draw funds worth a total EUR3.5 billion when floating stock on the bourse, Monday said Greg Konieczny, manager of investment fund Fondul Proprietatea (FP.RO), which holds minority stock in the two companies.

Romanian President Traian Basescu On Official Visit To Estonia

11:53, 12 Apr. 2011
Romanian President Traian Basescu and his wife Maria Basescu arrived Tuesday in Tallinn, Estonia, for an official visit at the invitation of Estonian President Toomas Hendrik Ilves.

IMF Sees Romanian Inflation At 4% In December 2011

18:21, 11 Apr. 2011
The International Monetary Fund estimates Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s target, according to the fund’s latest World Economic Outlook report.

Romanian Rail Co CFR Marfa To Lay Off 3,000 Employees As Of June 1 – Union Leader

17:52, 11 Apr. 2011
Romanian state-run rail cargo carrier CFR Marfa has informed the labor unions and the Labor Inspection about its plan to lay off 3,000 employees as of June 1, said union leader Iulian Mantescu.

Work On Hwy Sector In SE Romania To Be Resumed By Yearend – Transport Minister

17:29, 11 Apr. 2011
Romania’s national roads authority CNADNR will hold a new auction in May to award a construction contract for the highway sector linking Cernavoda to Medgidia, after it cancelled the contract with French constructor Colas, Transport Minister Anca Boagiu said Monday.

EU Discusses Romania, Bulgaria’s Possible Schengen Accession Tuesday

14:29, 11 Apr. 2011
The EU Commission for Home Affairs will discuss Tuesday Romania and Bulgaria's possible Schengen entry, Novinite.com reported.

Romania’s Population Decreased By 6,786 People In Feb 2011

13:40, 11 Apr. 2011
Romania's population decreased by 6,786 people on the month in February 2011, according to data released Monday by the National Statistics Institute (INS).

Bucharest Apartment Rents Fall By Up To 14% In 1Q – Survey

13:05, 11 Apr. 2011
The rents for apartments in Romania’s capital city Bucharest dropped by up to 14% in the first quarter compared with the same period of 2010, with the largest fall in case of three-room flats, according to a survey of real estate website AnunturiParticulari.ro.

Capital Economics: Romanian Economic Recovery ‘Two Speed And Bumpy’

12:55, 11 Apr. 2011
Romanian economic recovery remains “two-speed and bumpy”, with industrial output boosted by external demand, while domestic recovery lags behind, a survey from Capital Economics showed.

Romanian Mihai Necolaiciuc, Wanted For Fraud, To Be Deported To Romania Soon – Lawyer

12:11, 11 Apr. 2011
Romanian Mihai Necolaiciuc, wanted for embezzlement, will be handed over to Romanian authorities in a few days, as U.S. secretary of state Hillary Clinton signed his extradition decree, Gheorghita Mateut, Necolaiciuc’s lawyer, said Monday.

Romania Inflation Hits 31-Month High In March

10:11, 11 Apr. 2011
Romanian consumer prices rose 0.6% in March from a month earlier, while the annual inflation accelerated to an unexpected 8.01%, the highest level since August 2008, the country’s statistics institute INS said Monday.

Romania Jan-Feb Trade Gap Narrows To EUR582.4M

10:10, 11 Apr. 2011
Romania’s trade deficit narrowed to EUR582.4 million in the first two months of 2011, from EUR1.1 billion in the year-earlier period, the country’s statistics institute INS said Monday.

Romanian Imported Used Car Market Halved From Last Year

15:34, 10 Apr. 2011
Imported used cars currently make up 15% of the Romanian used car market, from 30% in 2010, due to the country’s pollution tax, which was raised on January 1, officials of car sales ad portals told MEDIAFAX.

Romania Won’t Sell 9.84% In OMV Petrom For Less Than EUR600M, PM Says

14:55, 10 Apr. 2011
Romania will get more money from the sale of a 9.84% stake in oil company Petrom (SNP.RO) on the stock exchange than the social democratic Government got for the company’s privatization in 2004, Prime Minister Emil Boc said Saturday on Pro TV.

IMF Experts To Assist Romanian Tax Authority In Checking High Wealth Individuals

14:43, 10 Apr. 2011
A team of International Monetary Fund experts will conduct a technical mission at the headquarters of Romania’s tax authority ANAF between April 7 and 20, to help with indirect control methods and the check-up of individuals with high incomes, the tax authority said.

Romanian Govt Talks To Petrom On Refinery Reopening – Sources

14:14, 10 Apr. 2011
The Romanian Government launched discussions with oil company OMV Petrom (SNP.RO) in a bid to reopen the Arpechim refinery, which Petrom shut down recently, people close to the matter told MEDIAFAX.

Romanian Govt To OK New Layoffs In State-Run Cos, With Added Social Protection

14:11, 10 Apr. 2011
Romania's Government will soon authorize new layoffs in the mining, energy and defense sectors, but will reintroduce a monthly supplementary income for the sacked employees, a benefit that may be terminated if the beneficiary turns down a new job because of a low salary.

Romanian PM, Education Min Say Country Can’t Afford Wage Hikes For Teachers

14:02, 10 Apr. 2011
Romania can’t afford to give teachers a 50% wage raise next year either, Prime Minister Emil Boc said Saturday, adding such a move would ruin the economy.

Romanian PM Says Healthcare Reform Must Be Completed

13:41, 10 Apr. 2011
Romanian Prime Minister Emil Boc said Saturday the country’s healthcare system reform is necessary and must be completed and the health minister has the Government’s full support.

U.S. Dept Of State Human Rights Report – Romanian Govt Ineffective At Enforcing Anticorruption Law

20:03, 08 Apr. 2011
Romanian law provides penalties for public corruption, but the Government does not effectively enforce these laws, says the United States Department of State's 2010 Human Rights Report, which also covers cases of politicians with immunity involved in acts of corruption.

U.S. Dept Of State Human Rights Report: Abuse Continued In Romanian Prisons In 2010

19:44, 08 Apr. 2011
Abuse in Romanian prisons continued in 2010, with the media and NGOs reporting assaults on prisoners both from prison staff and from fellow inmates, says the United States Department of State's 2010 Human Rights Report.

Lukoil Romania Follows Fuel Price Moves With RON0.06/Liter Hike

16:08, 08 Apr. 2011
Oil company Lukoil Romania on Friday raised its pump prices by 0.06 lei (EUR1=RON4.1146) per liter, after competitors OMV Petrom (SNP.RO) and Rompetrol announced price increases by RON0.09 per liter earlier the same day.

Romanian Democrat Liberal MP Indicted For Blackmail

16:01, 08 Apr. 2011
Romanian anticorruption prosecutors on Friday indicted democrat liberal MP Dan Pasat on charges of blackmail and corruption.

Romanian Environment Min: ECJ Ruling On Pollution Tax Refers To Older Version

14:20, 08 Apr. 2011
Romania's Environment Ministry said Friday that the European Court of Justice's (ECJ) judgment on the car pollution tax refers to the initial form of the act introducing the tax and not the one amended in 2010.

Romanian Teachers To Receive Unpaid Wage Rights Starting 2012 – Education Min

13:58, 08 Apr. 2011
Romanian Education Minister Daniel Funeriu said Friday court rulings granting unpaid salary rights to teachers will be applied staring 2012 and the money will be paid in tranches.

Romanian Inflation Seen Rising To 7.8% In March

13:30, 08 Apr. 2011
Romanian consumer prices are likely to increase by 0.5% on the month in March, while the annual inflation is seen accelerating to 7.8%, according to a median forecast of the country’s association of financial and banking analysts AAFBR.

Topoloveni Plum Jam, First Romanian Product Entered In EU Quality Register

13:23, 08 Apr. 2011
Topoloveni plum jam ("Magiunul de prune Topoloveni") on Friday has become one of the 1.000 products included in the European quality system, after it was entered in the register of protected designations of origin and protected geographical indications, according to the European Commission.

Romanian Petrom Sets Tone For New Fuel Price Hikes With RON0.09 Raise

12:49, 08 Apr. 2011
Romania’s largest oil company OMV Petrom (SNP.RO) Friday raised its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2065) per liter, which could trigger similar increases from other local fuel sellers.

Fraud Convict Nicolae Popa To Be Handed Over To Romanian Authorities Before Easter

11:50, 08 Apr. 2011
Romanian fraud convict Nicolae Popa will be turned over to Romanian authorities before Easter, after Indonesian President Susilo Bambang Yudhoyono signed a decree to extradite him.

Romania Can Raise Public Salaries By 5%, Pensions By 7% Next Year – Fiscal Council

19:44, 07 Apr. 2011
Romania's public sector salary fund can be increased this year by no more than 5%, provided the economy grows 1.5% in 2011 and 3.9% in 2012, while public pensions could be raised by at least 7%, the Parliament-appointed Fiscal Council said Thursday.

Romanian Govt To Seek Confidence Vote For Teacher Wage Cap Act, Social Code

19:24, 07 Apr. 2011
Romania's Government on Thursday decided to begin the steps towards seeking a vote of confidence in Parliament for the bill capping wage raises for teachers who won salary rights in court, and for the Social Dialog Code, people close to the matter told MEDIAFAX.