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Romania To Draw IMF Funds Under Follow-Up Deal If Recession Lingers

19:58, 04 Apr. 2011
Romania is not expected to use the EUR5 billion placed at its disposal under a precautionary loan agreement with the International Monetary Fund and the European Commission, unless the economy underperforms, according to an IMF report.

Romania Budget Deficit To Include Data From Money-Losing Cos

18:44, 04 Apr. 2011
Romanian government will amend budget deficit calculations to include the debts of 30 state-run companies, as well as the results of investment fund Fondul Proprietatea, according to the country’s technical memorandum of understanding to a follow-up deal with the International Monetary Fund.

Renaissance Capital Consortium Scores Best In Bid For Romania Petrom SPO

18:11, 04 Apr. 2011
A consortium led by Russia’s largest lender Renaissance Capital has won the highest score in a bid to broker the secondary offering of a 9.84% stake in Romanian dominant oil company OMV Petrom (SNP.RO), people close to the matter said Monday.

IMF To Monitor 18 Romanian Money-Bleeding Cos Under New Deal

17:22, 04 Apr. 2011
Romanian authorities and the International Monetary Fund have agreed to increase to 18 from 10 previously the number of companies monitored under a EUR3.5 billion follow-up deal with the international institution, according to the country’s technical memorandum of understanding.

Bankrupt Bucharest Property City Mall Up For Sale At EUR29.5M

16:44, 04 Apr. 2011
Bucharest shopping center City Mall will be put on sale at a starting price of EUR29.5 million in a second liquidation auction set for April 20, liquidator Casa de Insolventa Transilvania said Monday.

Property Websites Differ On Bucharest Apartment Price Trend

14:18, 04 Apr. 2011
Apartment prices in Bucharest registered a significant decrease in the first quarter of 2011 compared to the year-earlier period, but real estate websites disagree on the month-on-month evolution.

Romanian Opposition To File Motions On Health, Agriculture

14:11, 04 Apr. 2011
Romanian opposition MPs next week will file two simple motions – one on Health, in the Chamber of Deputies, the other on Agriculture, in the Senate, social democrat leader Victor Ponta announced Monday.

Romanian Govt Might Reduce Social Security Contributions From Employers – Sources

13:48, 04 Apr. 2011
Romania's Government is considering lowering the total social security contribution rate from 44% to 41%, reducing the rate paid by the employer by three points, starting with the second half of the year, people close to the matter told MEDIAFAX on Monday.

Romanian Opposition Won’t Attend Any Conf Vote Seeking Procedures

13:48, 04 Apr. 2011
Romania’s opposition Social Liberal Union decided Monday its lawmakers will not attend any procedures whereby the Government seeks lawmakers’ confidence vote to pass a bill that caps wage hikes for teachers.

Romanian Outbound Flight Returns To Airport Due To Incident

12:52, 04 Apr. 2011
A Romanian Tarom flight headed to Madrid returned to the Henri Coanda International Airport in Otopeni, near Bucharest, due to an incident, airport spokesman Valentin Iordache told MEDIAFAX.

Romanian Ruling Coalition Allows Govt To Seek Conf Vote On Teachers’ Wages Law

12:40, 04 Apr. 2011
Romania’s ruling coalition decided Monday to allow the Government to seek a confidence vote in Parliament to pass a law capping teachers’ wages, people close to the matter told MEDIAFAX.

Tourist Arrivals In Romania Rise 14.1% M-M In Feb – INS

10:15, 04 Apr. 2011
The number of tourists entering Romania was 14.1% higher in February compared with the same month a year before, while the number of tourists accommodated was up 16.2% on the year, the National Statistical Institute, or INS, said Monday.

Romania Ranked Tenth In Europe Regarding New Shopping Center Development In 2011-2012

18:09, 03 Apr. 2011
Romania is ranked tenth regarding new shopping center development in 2011 and 2012, with projects totaling 256,000 square meters, according to a research conducted by real estate consulting company Cushman&Wakefield.

EXCLUSIVE: Romanian Anticorruption Dept To Contact EP Regarding MEP Corruption Case

17:31, 01 Apr. 2011
Romania's National Anticorruption Department (DNA) will take every legal step to clarify the case of MEP Adrian Severin, including contact with other institutions, such as the European Parliament, regarding his immunity.

Romanian PM Says New “First Home” Program To Start After Easter

17:05, 01 Apr. 2011
Romania’s Prime Minister Emil Boc said Friday the new “First Home” program will start after Easter and its application norms will be approved in the next two weeks.

EXCLUSIVE: Romanian Govt Bans Wage Hikes For Teachers In 2011

14:59, 01 Apr. 2011
The Romanian Government will freeze this year the salaries of teachers who won wage increases in court, capping them at the level in January, according to a draft act drawn up by the Government and obtained by MEDIAFAX.

Chinese SGCC Seeks Stake In Romanian Transelectrica – Sources

14:59, 01 Apr. 2011
The State Grid Corporation of China, or SGCC, is interested in buying the 15% stake Romania plans to sell in state-owned power grid operator Transelectrica (TEL.RO), people close to the matter told MEDIAFAX.

Romania Imported Gas Price Rises At 2-Yr High In Jan

14:12, 01 Apr. 2011
Romania imported in January natural gas at $399 per thousand cubic meters, the highest price since March 2009, according to data published by energy regulator ANRE.

Romanian Carmaker Dacia Registrations In France Down 15.6% In 1Q

12:49, 01 Apr. 2011
Car registrations of Romanian carmaker Dacia in France decreased 15.6% on the year in the first quarter, to 26,517 units, on a market that grew 8.9%, according to data from the French Carmakers Association (CCFA).

Romanian Govt To Cap Education Sector Wage Hikes

20:40, 31 Mart. 2011
Romania's Government will sponsor a bill, possibly by seeking a confidence vote in Parliament, capping salary increases for teachers, as the economy cannot cope with a 50% wage hike, said Prime Minister Emil Boc.

Romanian Interior Ministry Postpones Layoffs Planned For April 1

17:29, 31 Mart. 2011
Romania's Ministry of Interior will postpone the layoffs initially planned for April 1, since, for the time being, it can afford to pay all its employees, ministry official Marius Militaru told MEDIAFAX on Thursday.

Romanian President Promulgates New Labor Code

16:45, 31 Mart. 2011
Romanian President Traian Basescu on Thursday promulgated the law amending the Labor Code, the Presidency said in a press release.

One Dead, One Injured By Collapsed Wall In SE Romania

14:18, 31 Mart. 2011
One person has died and another has been injured Thursday afternoon after a wall surrounding a cemetery in Constanta county, southeastern Romania, collapsed over them.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

13:42, 31 Mart. 2011
Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for a seventh straight time, as expected, but lowered the minimum reserve requirements for foreign currency liabilities to 20% from 25%.

Percentage Of People Over 60 In Romania’s Population To Double To 39.5% By 2050

12:51, 31 Mart. 2011
The percentage of people over 60 in Romania’s population will double over the next 40 years and will reach 39.5% by 2050, which will trigger an increase in state spending on pensions and healthcare from 13.1% of GDP in 2007 to 23.2% of GDP in 2060, according to a study by German insurer Allianz.

PwC: Half Of Romania CEOs Expect Improved Sales In Following Year

12:23, 31 Mart. 2011
Almost half of the Romanian companies’ chief executives estimate higher sales over the next 12 months, while around 70% of them see increasing taxation as the main threat for their business, according to a survey by PricewaterhouseCoopers.

Romanian Govt To Pay About EUR300,000 To Recover Stolen Dacian Artifacts

12:22, 31 Mart. 2011
The Romanian Government will pay about EUR300,000 to recover a gold bracelet, two iron shields and 229 gold and silver coins of Dacian origin, which were illegally taken out of Romania and recovered by German authorities, people familiar with the matter told MEDIAFAX Thursday.

Romanian Tax Authority Says Galaxy Tobacco Illegally Made, Sold Cigarettes Worth EUR10M

11:49, 31 Mart. 2011
Romania’s National Customs Authority (ANV), a division of the country’s tax authority ANAF, has found cigarette maker Galaxy Tobbacco illegally produced and sold 100 million cigarettes, with a total market value of EUR100 million.

Romanian Pharmacies Can’t Sell Algocalmin Without Prescription As Of April 1

10:59, 31 Mart. 2011
Romania’s National Medicine Agency reminded Thursday that pharmacies are no longer allowed to sell algocalmin and other drugs containing metamizole without prescriptions as of April 1, according to a decision the agency adopted in 2010 in line with EU regulations.

Romania To Include Cogeneration Aid In Household Light Bills – Sources

18:43, 30 Mart. 2011
Romania’s household energy bills will grow by 4.5% come April 1, following the introduction of a contribution supporting low-emissions energy producers.

Poor Air Quality In Bucharest Killed Over 800 People Btw 2004-2009

17:23, 30 Mart. 2011
Over 800 Bucharest residents, who died between 2004 and 2009, could have been saved if the average annual level of fine particles found in the air had been kept within the limits set by the World Health Organization, shows a research conducted by an NGO.

Romanian Govt To Guarantee 50% Of „First Home” Loan Value

16:38, 30 Mart. 2011
Romania's Government has decided that the state will guarantee 50% of the value of loans through the "First Home" program, which will now be open to owners of homes with an area no larger than 50 square meters.

Romania Avg Bank Rate On New Loans Rises To 11.7% In February

14:57, 30 Mart. 2011
Romanian average banking interest on new loans in national currency leu rose by 1.58 percentage points to 11.7% in February, due to increased rates for new corporate lending, central bank data showed Wednesday.

Romanian Senate Passes Bill Raising Hospital Food Funds By 30%

14:10, 30 Mart. 2011
Romania’s Senate on Wednesday adopted a bill raising funding for food served to patients in hospitals by over 30%, to cover inflation and the five percentage point hike in the sales tax.

Around 70 Romanian Pensioners Protest In Bucharest

13:36, 30 Mart. 2011
Around 70 Romanian pensioners are protesting in Bucharest, outside the headquarters of ruling party PDL and the Ministries of Labor and of Health, demanding a higher pension point, the elimination of co-payment in healthcare and of the 5.5% health insurance contribution.

Romanian President Informs Parliament On Defense Council Decisions On Libya, Afghanistan

12:33, 30 Mart. 2011
Romania’s President Traian Basescu sent two letters to Parliament informing the legislative on the recent decisions adopted by the country’s defense council to send troops to Afghanistan and help enforce an embargo on arms in Libya.

EU: Romania Can Allocate Free Greenhouse Allowances During 2013-2019

19:06, 29 Mart. 2011
Romania may allocate a limited number of free carbon dioxide (CO2) emission certificates to power stations between 2013 and 2019, according to a European Commission decision Tuesday.

Romanian Car Brand Dacia Ranked Fifth In ’10 Regarding CO2 Emissions

17:49, 29 Mart. 2011
Romanian car brand Dacia climbed to the fifth position last year, from the sixth position in 2009, regarding carbon dioxide emissions, according to a research conducted by car consultancy company Jato Dynamics.

Bucharest Ranks 39 In World’s Highest Industrial Rents Chart

17:28, 29 Mart. 2011
Bucharest climbed three positions, to 39, among the 53 most expensive cities in the world with respect for industrial space rents, according to a study published Monday by real estate brokers and consultants Cushman & Wakefield.

Romanian Lower Chamber Adopts Bill On Day Labor

16:42, 29 Mart. 2011
Romania's Chamber of Deputies adopted Tuesday a bill on day labor, with 158 votes for, 128 against and two abstentions, which says day laborers must pay a 16% income tax.