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Three-Month Money Market Rate Rises To 3.30%

The three-month money market interest rate used to calculate interests for consumer loans in lei rose to 3.30% a year on Monday, from 3.28% a year on Friday, central bank data show.

Three-Month Money Market Rate Hits Nearly Two-Month High Of 3.28%

The three-month money market interest rate used to calculate interests for consumer loans in lei on Friday rose to the highest in almost two months, at 3.28% a year, after staying put at 3.17% a year over the last three days, central bank data show.

Bucharest Stock Exchange’s BET Index Places 2nd In The EU, After 16.1% Rise In Jan-April 2017

The BET index, which tracks the twelve most liquid shares on the Bucharest Stock Exchange (BVB), rose 16.1% in January-April 2017, placing it second in the EU, after Poland’s index which increased by 22.02%, according to BVB’s April report released on Wednesday.

Dacia 2016 Turnover Up 8.35% To EUR4.6B

Renault-owned carmaker Automobile Dacia registered a turnover of EUR4.6 billion (RON20.765 million) in 2016, up 8.35% from EUR4.2 billion in 2015, according to the management report released on Wednesday.

Traffic On Timisoara International Airport Up 70% To 355,832 Passengers In 1Q/2017

Timisoara International Airport, in western Romania, saw an increase of 70% in passenger traffic on the year in the first three months of 2017, to 355,832 passengers.

Romanian Govt Rejects Local Tax Hike Propositions

The Romanian Government rejected local authorities’ proposition to raise local taxes by up to 50% next year, Finance Minister Gheorghe Ialomitianu said Tuesday evening.

Japan Earthquake Might Raise Romanian Insurance Premiums By 10-20% On Medium-Term

The earthquake in Japan could drive reinsurance costs up for Romanian companies, which in turn may increase their premiums for building insurance by 10-20% on the medium-term.

Romania Could Raise Minimum Wage, Increase Level Must Be Carefully Analyzed– IMF Official

The head of the International Monetary Fund mission to Bucharest, Jeffrey Franks, said Monday that there might be room for an increase of the Romanian minimum wage, but any decision in this respect should be carefully analyzed.

Romanian Food Prices Might Climb 10% To 25% – Producers

Food prices in Romania will rise by 10-25% in the following months, said Viorel Matei, president of the National Federation of Romanian Agricultural Producers (FNPAR).

Romanian Railway Co CFR Calatori To Hike Tariffs By 8% Starting September 20

Romanian state-owned passenger railway company CFR Calatori will raise railway transport tariffs by 8% starting September 20 and it will maintain discounts for commuters, school pupils and university students, the company said.

Romania To Triple Property Tax For Owners Of More Than Three Properties

Romania will double property taxes for people who own one or two unrented residences besides their domicile, while taxes will nearly triple for owners of more than three homes, according to a draft emergency decree amending the Tax Code.

Employees Of Nokia Factory In Romania To Receive 9% Higher Wages

The employees of the Nokia factory in Jucu, northwestern Romania, will receive a 9% increase in their salary this year, according to the collective labor contract signed Monday with the company’s management.

Romania’s PM Confirms IMF Agrees To EUR1B Hike Of Public Guarantee Cap In 2010

Romania’s Prime Minister Emil Boc confirmed Wednesday that the ceiling on general government guarantees will be increased by EUR1 billion in 2010, the additional funds ensuring the necessary resources to co-finance European projects for local administrations and companies.

Romanians’ Mandatory Private Pension Constributions Set At 2.5% In 2010 – Regulator

Romanians' contributions to mandatory private pensions (Pillar II) will increase by half a percentage point in 2010, to 2.5% of the contributor's gross wage, the vice-president of the country's private pension system regulator CSSPP, Ion Giurescu, said Wednesday.

Romanian VAT To Remain Unchanged – Tourism Min

Romania’s Tourism Minister Elena Udrea said Saturday during a visit in Romanian seaside resort Neptun, that a VAT increase is out of the question, adding the budget already set by the Government does not include any VAT change.

Romania Ups Pensions By 2% As Of Oct 1

Romania will raise the pension point by 2% as of October 1, 2009 in accordance with the valid laws and the Government’s commitments to pensioners.

Romania Ups Local Taxes, Fees By 20% In 2010 In Ratio With Last Three Yrs’ Inflation Rate

The Romanian Government decided to increase local taxes and fees by some 20%, as of 2010, in ratio with the inflation rate over the past three years.

Romania Ups Pensions As Of Oct 1 – PM

Romania will raise the pension point by 2% as of October 1, as stipulated in this year’s state budget law and in accordance with the government’s commitments to pensioners, Romanian Prime Minister Emil Boc said Monday.

Romanian Govt Increases Most Gambling Taxes – Sources

The Romanian Government decided to increase most gambling taxes and the minimum required share capital for the gambling license, Government sources told MEDIAFAX.

Romanian Govt OKs 15% Higher Guaranteed Min Income

Romania will increase by 15% the guaranteed minimum income starting with July, as part of a World Bank agreement to better protect underprivileged citizens during crisis, according to a government decision adopted Wednesday.

Romania Guaranteed Min Income Might Increase By 15% As July – Draft Law

Romania might increase by 15% the guaranteed minimum income starting with July, as part of a World Bank agreement to better protect underprivileged citizens during the crisis, according to a draft bill published Monday.

Romania’s Farming Subsidy Per Hectare To Increase By EUR35 – Minister

Subsidies per hectare for Romanian farmers will increase to EUR142 from the current EUR107, as the European Commission has promised to raise the subsidy by EUR35, Romanian agriculture minister said Saturday.

Romania Ups Pension Point 3% To RON718.4 As Of April 1

Romanian pensions increase as of April 1 and the pension point will be worth 718.4 lei (EUR1=RON4.2), 3% higher than the previous RON697.5, and will further increase an additional 2%, to RON732.8, as of October 1.

Romanian Pension Point To Increase To RON718.4 In April, RON732.8 In Oct

The Romanian government decided to increase the value of one pension point to RON718.4 from RON697.5 as of April 1, and to RON732.8 as of October 1, according to the 2009 social insurance budget draft.

Pensions In Romanian Public Sys To Increase 5% In Two Tranches – Sources

Pensions in Romania’s state pension system will be increased 5% in 2009, in two tranches: 3% in April and 2% in October, taking the pension point to 42 - 45% of the average gross wage, people close to the talks within the governing coalition told MEDIAFAX Thursday.

Romanian Pollution Tax For Cars Could Use Exponential Growth Format

The Romanian pollution tax for cars will grow “exponentially” in ratio with the age of the car, and for cars older than eight years and costing some EUR1,000, the tax will exceed the purchase value.

Romania Might Up Car Tax For Used Cars, Up Bonus For Old Car Scraps

Romania’s pollution tax for used cars could be increased in the government meeting Thursday, when the government also plans to increase bonuses granted for the scrapping of old cars to over EUR1,000, Prime Minister Calin Tariceanu said Wednesday.

Romania To Hike Pensions 20% On Nov 1 – Labor Min

Romania will increase pensions by 20% on Nov 1, two months earlier than planned, and the pension point will be 45% of the gross average salary, labor minister Paul Pacuraru told MEDIAFAX Thursday.

Romania To Hike Pensions On Nov 1- Labor Min

Romania’s labor minister Paul Pacuraru Tuesday said pensions will be hiked on Nov 1, adding the social insurance budget surplus allows pension hikes two months before the deadline.

Minimum Wage Issue Pushes Nearly 100 Unionists Into Protest Rallies At Govt HQ

Nearly 100 unionists joined Wednesday morning the protest rally at the Romanian government’s headquarters demanding the increase in the minimum wage to 600 lei (EUR1-RON3.5934) as of July 1.

Romanian Distrigaz Sud To Ask For 20% Gas Price Hike Oct 1

Gas distributor Distrigaz Sud, majority-owned by French utility Gaz de France, will ask Romanian energy watchdog ANRE to hike gas prices by some 20% on October 1, given that imported natural gas price will continue to increase by yearend, Distrigaz Sud general manager, Bernard Arnaud, said Tuesday.

E.ON Gaz To Ask ANRE For New Household Gas Price Hike At Yearned

E.ON Gaz Romania, the local unit of Germany’s E.ON Gaz, will ask Romania’s Energy Authority, or ANRE, for a new household gas price increase at yearened, in order to cover losses, the company’s director general Frank Hajdinjak said Monday at the hearings of the Commission for Services and Industry.

Romania’s Economy Seen Growing 7.5% In 1Q – Fin Min

Romania’s economy is seen growing by 7.5% in the first quarter of 2008 compared with 6% growth in the same period last year, on higher output in the construction and services sectors, Romanian Finance Minister Varujan Vosganian said Monday during a press conference.

Bucharest Office Space Rents To Hike By 20- 25% In ’08 – DTZ

Rents for office spaces in Romania's capital city Bucharest will climb by 20-25% in 2008, as supply will maintain below demand, therefore, companies started to buy office spaces, rather than rent them, to reduce costs, according to estimations by real estate company DTZ Echinox.

Romanian Feb CPI +0.7% On Mo, +7.97% On Yr

Romania’s consumer price index rose 0.7% on the month in February, on higher utility prices, taking the annual rate to 7.97%, its highest level since March 2006, the National Statistical Institute, or INS, said Tuesday.

Romania Ups Gas Subsidies For Low-Income Population

The Romanian authorities will increase gas subsidies granted to people with low incomes, following the 8.5% growth of the natural gas prices as of February 1, minister of Economy and Finance Varujan Vosganian said Wednesday.

Romanian Imported Gas Prices To Go Up 15%-16% In Jan – Sources

The prices of the natural gas imported by Romania to cover nearly 40% of its annual domestic consumption will increase by 15%-16% starting with January 1, 2008, and are likely to hike household gas bills, people close to the matter said Wednesday.