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Romania Jan-Nov Trade Gap Narrows To EUR8.6B

10:22, 10 Ian. 2011
Romania’s trade deficit narrowed to EUR8.64 billion in the first eleven months, from EUR8.96 billion in the same period a year earlier, the National Statistics Institute said Monday.

Romanian Pensioners On Low Income Won’t Pay Health Insurance Contributions In 2011

16:27, 09 Ian. 2011
Romanian pensioners on a monthly income lower than 740 lei (EUR1=RON4.2580) will not pay health insurance contributions this year, National Health Insurance House president Lucian Duta said Sunday.

Overnight Deposits At Romania Ctrl Bk Skyrocket In ’10 To RON387.3B

14:01, 09 Ian. 2011
Overnight deposits at Romania’s central bank reached a combined amount of 387.29 billion lei (EUR1=RON4.2580) in 2010, seven times more than in the previous year, which points to an average daily liquidity excess of RON1.06 billion, according to central bank data.

Romania To List State-Owned Cos Stock In 2H, 2011

13:19, 09 Ian. 2011
The listing of 15% stakes in Romanian state-owned companies Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz, is set for the second half of this year, according to an economy ministry document obtained by MEDIAFAX.

IMF Board OKs Romania’s Request For New Waiver On Govt Arrears

11:59, 08 Ian. 2011
The International Monetary Fund Board approved Romania’s request for a new waiver of non-observance in the government arrears sector for end-December, the IMF said in a press release.

IMF Board OKs Disbursement Of EUR0.9B To Romania

20:28, 07 Ian. 2011
The International Monetary Fund Board approved Friday the release of the seventh disbursement of a stand-by loan to Romania, worth EUR900 million, and the money is to enter the Romanian central bank’s accounts most likely on Monday.

Romania To Regulate Drug Testing Clinical Studies On Hospital Patients

19:36, 07 Ian. 2011
Romania’s Health Minister Cseke Attila said the ministry will draft a bill regulating the clinical studies doctors in public hospitals perform on patients to test drugs.

EXCLUSIVE: Romania’s Fight For Schengen Accession Dignified, Says Country’s EU Commissioner

14:01, 07 Ian. 2011
The technical reality is Romania’s best ally in the Schengen accession issue but the political reality isn’t, EU Commissioner Dacian Ciolos told MEDIAFAX Friday, adding Romania is fighting for its position with dignity.

Romanian Magistrates Council Elects New Vice-President

13:09, 07 Ian. 2011
Romanian prosecutor George Balan was elected High Council of Magistrates (CSM) vice-president with 18 votes in favor and one spoilt vote.

Romanian Magistrates Council Elects New President

12:45, 07 Ian. 2011
Romanian judge Horatius Dumbrava on Friday was elected High Council of Magistrates (CSM) president with 15 votes in favor and three votes against.

Romanian President Says He Must Promote Constitution’s Revision In 2011

10:38, 07 Ian. 2011
Romanian President Traian Basescu said that, in 2011, he will have to promote the propositions revising the Constitution, and added the relation between state institutions must be clarified in order to prevent the abuse of power.

Romania, IMF Eye EUR3.6B Precautionary Deal – Sources

16:41, 06 Ian. 2011
The International Monetary Fund will make available for Romania EUR3.6 billion in a new, precautionary deal that will be signed after the current stand-by agreement expires in April, people close to the talks told MEDIAFAX.

Romania Nov Retail Sales Post Largest Annual Drop In EU

14:20, 06 Ian. 2011
Romanian retail sales fell 8.9% on the year in November, the largest decrease in the European Union, official data showed Thursday.

Romanian High Officials Set Parameters Of New IMF Deal

14:14, 06 Ian. 2011
Romanian President Traian Basescu, Prime Minister Emil Boc, central bank governor Mugur Isarescu, Finance Minister Gheorghe Ialomitianu on Thursday set the parameters of a new, precautionary agreement with the International Monetary Fund and the European Union, the central bank said in a statement.

Romania Economic Sentiment Slightly Up In December

14:07, 06 Ian. 2011
Romania’s economic sentiment index edged slightly higher to 81.6 points in December, from 81.1 points in the previous month, mainly helped by advances in services and construction, a widely watched European Commission monthly survey showed Thursday.

Romanian Online Bank Card Payments Up 38% In 2010, To EUR127.8M

13:26, 06 Ian. 2011
Online payments using bank cards increased by 38% in 2010, to EUR127.8 million and the number of transactions rose by 82%, to 2.26 million, according to data released by Romanian credit card transaction processor Romcard.

ING Sees Romanian Leu Stronger In 2011, On IMF Deal Success

12:43, 06 Ian. 2011
ING Bank Romania revised its view on the leu and sees the local currency stronger in 2011 than its previous forecasts, following the positive impact of the agreement with the International Monetary Fund.

Romanian FM Sees No Reason To Resign Over Schengen Accession Delay

12:28, 06 Ian. 2011
Romania’s Foreign Minister Teodor Baconschi said Thursday he sees no reasons why he should resign considering the ministry has done its homework for Schengen accession.

Romania November Adjusted Retail Sales -1.3% On Month

10:00, 06 Ian. 2011
Romanian adjusted retail sales fell 1.3% in November compared with the previous month, on lower fuel and non-food product sales, the statistics institute INS said Thursday.

Romanian Govt Keeps Salaries Of State-Owned Co Managers Capped

09:04, 06 Ian. 2011
The wages of the Romanian Government's representatives in the boards of state-owned companies will continue to be capped, at least until new income and expenses budgets are approved, according to a memorandum approved by the Government on Wednesday.

Romanian President Scolds Govt For Slow Foreign Fund Absorption

18:28, 05 Ian. 2011
Romanian President Traian Basescu on Wednesday scolded the Government for taking too long to implement projects financed by international institutions, potentially making the state liable for penalties.

Romanian President Calls On Govt To Stop Endless Talks With Unions On Labor Code

16:48, 05 Ian. 2011
Romania’s President Traian Basescu called on ministers to set precise deadlines during negotiations with unions on draft laws, including the Labor Code.

Romania’s President Pushes for Spring 2011 Schengen Accession

16:06, 05 Ian. 2011
Romanian President Traian Basescu on Wednesday called on the Government to “fight until the end” so the country will join the Schengen Area in April-May 2011, but stressed that Romania can not denounce the Cooperation and Verification Mechanism or thwart Croatia’s EU accession.

Romanian Opposition Parties Discuss Forming Alliance

13:47, 05 Ian. 2011
Romania’s three opposition parties have taken steps toward forming an alliance, as liberals are close to teaming up with conservatives and social democrats are considering an alliance with liberals for the next six to eight years.

Romanian President Calls On Magistrates Council To Hold Elections After Court Ruling

12:59, 05 Ian. 2011
Romanian President Traian Basescu on Wednesday called on the High Council of Magistrates to postpone electing a new president and vice-president until January 20, after the Constitutional Court rules over the validation of the council’s members.

Romania Central Bank Leaves Key Rate Unchanged At 6.25%

12:39, 05 Ian. 2011
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the fifth consecutive time as the inflation is still above the bank's target interval.

Romania ’10 Budget Deficit At 6.6% Of GDP, Below IMF-Imposed Target – Sources

18:00, 04 Ian. 2011
Romania’s government sent a letter to the International Monetary Fund saying the country has met all requirements for a new tranche out of the EUR13 billion stand-by loan, including a budget deficit of 6.6% of the gross domestic product for 2010, people close to the matter told MEDIAFAX.

Romanian Official To Promote Historical Region Bukovina By Walking From Vienna

16:37, 04 Ian. 2011
One of the advisers of Romanian democrat liberal Gheorghe Flutur, president of the Suceava County Council, northeastern Romania, will walk the distance between Vienna, Austria, and Suceava to promote the tourism project "Pilgrim in Bukovina", financed with European funds.

Romanian Constitutional Court Clears Education Law

15:34, 04 Ian. 2011
Romania's Constitutional Court on Tuesday ruled that the education law, adopted through a vote of confidence in the Government, is constitutional and will be sent to the President.

Romania Ctrl Bk: Interest Rates On New Loans Rose In November

14:30, 04 Ian. 2011
Romanian banks raised in November the interest rates on new loans in both lei and euros, but maintained the interest on new deposits, according to central bank data released Tuesday.

Romania’s Electricity Consumption Up 4.7% In 2010

14:22, 04 Ian. 2011
Romania’s electricity consumption rose by 4.7% on the year in 2010, and is estimated to increase by at least 1% in 2011, according to state-owned power grid operator Transelectrica’s (TEL.RO).

Romanian Dacia Car Registrations In Spain Up 145% In 2010, To 21,392 Units

18:05, 03 Ian. 2011
Registrations of Romanian Dacia cars in Spain increased by 145% in 2010, to 21,392 units, from 8,725 cars in 2009, while the overall Spanish car market climbed 3.1% to 985,208 units, according to car importer association ANIACAM.

Romania Forex Reserves Fell Slightly To EUR32.4B In December

14:18, 03 Ian. 2011
Romanian foreign exchange reserves fell slightly to EUR32.43 billion in December, from a record of EUR32.8 billion in the previous month, central bank data showed Monday.

Romanian Dacia Saw Biggest Growth In New Car Registrations In France In 201

13:57, 03 Ian. 2011
Romanian carmaker Dacia’s new car registrations in France increased 70.9% on the year in 2010, while overall new car registrations saw a decline of 2.2%, according to the French carmakers’ association.

Romanian Constitutional Court To Rule On Magistrates Council New Member List Jan 19

12:56, 03 Ian. 2011
The Romanian Constitutional Court will rule on a notification brought to the recently validated list of new High Council of Magistrates (CSM) members on January 19.

Companies Established Outside Romania May Request 2009 VAT Refund By March 31, 2011

16:41, 31 Dec. 2010
The deadline for the submission of VAT refund requests for 2009 by taxable companies, which are not established or registered for this purpose in Romania, has been extended to March 31 next year, from September 30 this year, through a Government Decision.

Romanian Govt Indefinitely Postpones Electronic ID Card Introduction

10:56, 31 Dec. 2010
Romania's Government has decided to indefinitely postpone the introduction of the electronic ID card, which should have been issued starting with 2011, because of limited technical and financial resources and the need for a "simplified procedure."

Romanian Casinos To Charge Admission Fee – Amended Fiscal Code

10:33, 31 Dec. 2010
Casinos in Romania will have a 20 lei (EUR1=RON4.2877) cover charge, while establishments with slot machines will charge RON5 for admission, under the Fiscal Code, as amended by the Government.

Salaries Won In Court Subject To Social Security Taxes – Amended Romanian Fiscal Code

10:29, 31 Dec. 2010
Salaries awarded through court rulings and the wage earned by the president of a homeowners' association will be included in the gross income and will be subject to social security taxes, under Romania's Fiscal Code, as amended by the Government.

FOCUS: Proprietatea Fund’s Listing Cannot Lift The Bucharest Bourse Alone

18:58, 30 Dec. 2010
The listing of investment fund Fondul Proprietatea will not be enough to restore the Bucharest stock market to levels seen in the summer of 2007, without other initial public offers of large companies that would attract foreign interest, and a return to growth of the Romanian economy.