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Romanian Opp Social Democrats Call On Govt To Cut VAT Back To 19%

13:43, 27 Ian. 2011
The Romanian opposition Social Democratic Party is calling on the Government to urgently reduce the value added tax back to 19%, social democrat senator Olguta Vasilescu told a news conference Thursday.

Romania, IMF In Talks For A 2 Years Follow-Up Agreement – Sources

13:25, 27 Ian. 2011
Romania's Government and the International Monetary Fund are discussing the terms of a two-year follow agreement to a EUR13 billion loan program that expires in May, people familiar with the talks said.

Romania To Launch New Roma Integration Strategy – President

13:24, 27 Ian. 2011
Romania will launch this spring a new strategy for the integration of the Roma minority to be applied until 2015, Romanian President Traian Basescu said Thursday in Strasbourg.

Romanian Senator, Theater Manager Mircea Diaconu Incompatible With Public Office – Integrity Agency

12:03, 27 Ian. 2011
Romania’s National Integrity Agency (ANI) said Thursday liberal senator Mircea Diaconu is incompatible with this position, as he is also a theater manager.

Romanian Petrom Pins Fuel Price Hikes Only On Tax, US Dollar, Intl Oil Prices

10:48, 27 Ian. 2011
Romanian oil company OMV Petrom (SNP.RO) Wednesday said the fuel price changes were only due to tax raises, mainly the sales tax, to international oil prices and to the US dollar's exchange rate, rejecting local tax authorities' claims of unjustified increases.

Romanian Rompetrol Views Gas Price Hikes’ Report As “Unclear”

10:47, 27 Ian. 2011
Romanian oil company Rompetrol Wednesday said the authorities’ claims of unjustified gas price hikes are based on an “unclear” report, which disregards various elements factored into the pricing algorithm.

Romanian Govt To Pass Emergency Decree On Military Pensions By Feb 1

09:35, 27 Ian. 2011
Romania’s Government will draft an emergency decree on the recalculation of military pensions by February 1, when the Parliament resumes works, Government spokeswoman Ioana Muntean told MEDIAFAX Wednesday evening.

Romanian Pensioners To Use Travel Smart Cards – Govt Decision

19:31, 26 Ian. 2011
Romanian pensioners and war veterans will be issued travel smart cards, for use in county and inter-county road transport, and transport firms will be required to outfit their vehicles with card readers, as per a Government Decision issued Wednesday.

Romanian PM Calls For Fiscal, Competition Scrutiny On Oil Cos

18:33, 26 Ian. 2011
Fuel resellers cannot blame pump price hikes on the local taxation, Wednesday said Romanian Prime Minister Emil Boc, who called for additional inspections by the tax and competition authorities targeting the oil companies.

Romanian Unauthorized Buildings Might Be Demolished – Draft

15:43, 26 Ian. 2011
Romanian authorities are forbidden to approve urban planning documents legalizing constructions built without authorization, according to a draft Government decree drawn up by the Regional Development and Tourism Ministry.

EXCLUSIVE: Romanian Tax Auth To Verify Oil Cos Financial Reports

13:53, 26 Ian. 2011
Romanian tax authorities will verify whether the financial reports of local oil companies include unjustified expenses aiming to reduce their real profit and if their declared fiscal losses are grounded.

EXCLUSIVE: Romanian Gas Price Increases Dubbed Groundless – Govt Report

13:47, 26 Ian. 2011
The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly.

Romanian Labor Minister Confident IMF Will Accept New Labor Code

11:35, 26 Ian. 2011
Romanian Labor Minister Ioan Botis said Wednesday after a meeting with International Monetary Fund officials he is confident the IMF and International Labor Organization will accept the ministry’s propositions for the country’s new labor code.

Romanian State-Owned Airline Tarom Expects To Break Even In 2011

18:03, 25 Ian. 2011
Romanian state-owned airline Tarom wants to break even in 2011, after its 2010 budget provided for a 19.8 million lei (EUR1=RON4.2621) profit, according to a draft government decision by the Ministry of Transport.

Romania Ctrl Bk Gov: New IMF Deal To Ensure Reform Continuity

17:22, 25 Ian. 2011
Romania’s planned follow-up agreement with the International Monetary Fund represents a keystone for the country’s structural reforms and its main objective will be ensuring the continuity of the process, central bank governor Mugur Isarescu said Monday.

Romania To Increase Foreign Mission Participation By 183 Troops In 2011

16:46, 25 Ian. 2011
Romania will increase its participation to foreign military operations by 183 troops in 2011, bringing its maximum foreign force to 3,427 troops, as per a Tuesday decision of the Supreme Defense Council.

Romanian State-Owned Railway Companies’ 2011 Budgets Entail Sacking 5,588 Employees

15:58, 25 Ian. 2011
The 2011 budgets of Romanian state-owned railway companies CFR Marfa, CFR Calatori and CFR SA say 5,588 employees will be sacked and staff expenses will be cut by 21.8%, 6.5% and 11.6% respectively, according to three draft Government decisions drawn up by the Transport Ministry.

Romania May Not Block Pork Imports From Germany – Agric Min

14:18, 25 Ian. 2011
Agriculture Minister Valeriu Tabara said Tuesday that Romania may not stop importing pork from Germany, which Romanian producers suspect may be exporting meat contaminated with dioxin, a carcinogen.

Romanian Car Park Up 1.8% On Year, To 5.42M Vehicles

13:29, 25 Ian. 2011
Romania's car park grew last year by 1.8%, to more than 5.42 million vehicles, including 4.3 million passenger cars, 6.4% higher than in 2009, according to the data of the Interior Ministry's Driving License and Vehicle Registration Department (DRPCIV).

Franklin Templeton Says More Energy Cos Should Be Listed In Bucharest

13:21, 25 Ian. 2011
Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO), Tuesday said it will try to convince the government to list on the stock market several key energy companies to improve their efficiency and boost budget revenues at the same time.

Romanian Constitutional Court Rules Magistrates Council Member Validation Illegal

13:20, 25 Ian. 2011
Romania’s Constitutional Court in Tuesday upheld complaints by democrat liberal senators on the validation of 11 members of the High Council of Magistrates, appointed for six-year terms.

Romanian Oil Cos Cut Pump Prices On Tax Reductions

10:04, 25 Ian. 2011
Romanian oil company OMV Petrom (SNP.RO) reduced fuel pump prices Tuesday by 0.04 lei per liter (EUR1=RON4.2684), since the Government reduced the number of taxes collected on fuel, Petrom announced.

Romania May Have Imported Dioxin-Contaminated Pork From Germany – Local Producers

18:07, 24 Ian. 2011
Romanian pig breeders say pork contaminated with dioxin, a carcinogen, may have made its way into Romania from Germany and ask that imports from this country be stopped.

EBRD Ups Romania GDP Forecast To +1.1% In 2011

16:43, 24 Ian. 2011
The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months.

Romania’s Follow-Up Deal With IMF May Not Include Bank Exposures – Sources

16:25, 24 Ian. 2011
Romania’s planned follow-up deal with the International Monetary Fund might not include a new agreement with the parent banks of the country’s top largest lenders, as the mother banks are maintaining their exposure at sufficiently high levels, people familiar with the negotiations said Monday.

Romania Follow-Up Deal With IMF To Focus On Money-Losing Cos – Sources

14:25, 24 Ian. 2011
Romania’s follow-up agreement with the International Monetary Fund will comprise several key requirements meant to rein in the budget deficit and boost the economy, including a better management of the large state-run companies, people close to the negotiations said Monday.

Romanian Ruling Coalition Wants Single Round Of Elections For Mayors

13:36, 24 Ian. 2011
Members of Romania’s ruling coalition decided Monday the Government will back changes to the local election law to allow for mayors to be elected in a single round of elections, Culture Minister Kelemen Hunor told MEDIAFAX.

Romanian Govt To Extend Military Pension Recalculation Deadline Until Yearend

13:29, 24 Ian. 2011
Members of Romania’s ruling coalition decided Monday the Government should pass an emergency decree extending the deadline for the recalculation of military pensions until December 31, 2011, MP Kelemen Hunor told MEDIAFAX.

Over One Thousand Romanian Military Retirees Protest In Bucharest

12:33, 24 Ian. 2011
About one thousand Romanian military retirees gathered on Monday in the George Enescu square in capital Bucharest, protesting over the recalculation of military pensions, and left in a protest march to the Military Academy.

Romanian Carmakers See High Fuel Prices Driving Romanians To Fuel-Efficient Cars

12:14, 24 Ian. 2011
Higher fuel prices will have tow main effects on Romanian drivers, who are expected to use their cars less and get cars that are more fuel-efficient, Brent Valmar, vice-president of the Romanian carmakers and importers association (APIA), said Monday.

Romania Suspends Military Pension Recalculation To Obey Court Ruling – President

08:53, 24 Ian. 2011
Romanian President Traian Basescu said Sunday evening the Supreme Court’s ruling on military pensions must be observed and the recalculation process is suspended.

Romanian Public Road Authority Expects Over RON750 Million From Road Tax This Year

14:46, 23 Ian. 2011
Romania's national road and highway authority CNADNR expects to earn 755.24 million lei (EUR1=RON4.2651) from road taxes this year, having earned RON669.73 million in the first 11 months of last year.

Romanian Govt Reduces Car Pollution Tax Discount Rate

16:20, 21 Ian. 2011
Romania's Government will reduce the depreciation rate, which is a partial discount on the car tax granted to buyers of used cars depending on their state, extra features and mileage, so the tax on such cars will be higher as of 2011.

World Bank Approves EUR300M Disbursement To Romania

10:27, 21 Ian. 2011
The World Bank on Thursday approved the disbursement to Romania of a EUR300 million installment of its EUR1 billion financial loan aimed to support structural reforms in key economic and social areas, the international institution said in a statement.

Romania Transelectrica Sees Power Consumption Rising 2% In 2011

07:19, 21 Ian. 2011
Romanian power consumption is likely to grow by around 2% to 54.8 TWh in 2011, aided by increase demand in industry, the head of state-run power grid operator Transelectrica (TEL.RO) told MEDIAFAX.

Romania Accedes To European Space Agency Convention

19:31, 20 Ian. 2011
Romania is to become the 19th member of the European Space Agency (ESA), as an agreement of accession to the ESA Convention was signed Thursday, in the presence of Foreign Minister Teodor Baconschi and cosmonaut Dumitru Prunariu.

Romanian Railroad Passenger Traffic Dn 5% In 2010

18:15, 20 Ian. 2011
Romanian state-owned railway passenger carrier CFR Calatori reported a 5% drop in traffic in 2010, to 58 million passengers, from 61.07 million, while the state's subsidy was raised by 4%, to 1.15 billion lei (EUR1=RON4.2626), according to the company's preliminary results.

Average No. Of Employees In Romanian Defense Industry May Increase By 7% In ‘11

16:17, 20 Ian. 2011
The Romanian Economy Ministry proposes setting the maximum number of employees at companies operating in the defense field to 1,774 this year, 7% higher compared to 2010, and increasing the salary fund allotted to the sector by 7.7%, to 37.7 million lei (EUR1=RON4.2671) from RON35 million.

Romania To Introduce Postal Voting – President

15:20, 20 Ian. 2011
Romania will attempt to introduce postal voting, to help Romanians abroad express their political option, and will increase the number of programs meant to strengthen the diaspora's attachment to the home country, President Traian Basescu said Thursday in a meeting with ambassadors of EU states.

Upcoming Batman Film Might Be Shot In Bucharest, Romania

15:07, 20 Ian. 2011
The next film in the Batman series – "The Dark Knight Rises" – to be directed by Christopher Nolan, might be filmed in Bucharest this spring, City Hall officials told MEDIAFAX.