Romania Approves Taking Out EUR1B Loan From World Bank
05.16.2012
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday.
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Posta Romana To Lay Off 6,500 Employees, Almost 20% Of Staff today, 17:12
Romania's state-owned postal operator, Posta Romana, will sack almost 20% of its staff to avoid insolvency, with 1,029 employees to leave over the... more
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Basescu: Romania Wins With Any Alternative Energy Project In Balkans today, 15:25
President Traian Basescu said Friday that any of the alternative energy supply projects in the Balkan region is a win for Romania, whether it is... more
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Economy Minister: Hidrolectrica Bilateral Contracts No Longer Underpriced today, 15:14
Romanian state-run hydropower generator Hidrolectrica has managed to amend its controversial bilateral electricity contracts signed with corporate... more
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US Ambassador Says He’ll Talk To Romanian Economy Ministry On Shale Gas Moratorium today, 11:47
US Ambassador to Bucharest Mark Gitenstein Thursday said he will discuss with Romanian Economy Minister Daniel Chitoiu on the government’s... more
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Romania's Spending On Healthcare Is Lowest In EU, Study Finds yesterday, 18:19
Romania spends less on healthcare as a share of the GDP than any other EU state – 5.6% in 2009, compared with the EU average of 9.9%, and 3.7% in... more
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Romania Might Keep Industrial Property Taxes Unchanged At 2006 Level Until 2014
yesterday, 17:32
The Romanian Economy Ministry wants to keep industrial property taxes unchanged at the level applied in 2006 for two years, until 2014, and put off... more
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Civil Engineering To Be Romanian Construction Sector’s Main Growth Driver - Survey yesterday, 13:25
Civil engineering will be the main growth driver of Romania’s construction industry in the next years, mainly due to infrastructure projects... more
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Romania Might Introduce Tax On Fast Food, Beer - Health Minister yesterday, 12:21
Romania’s new healthcare law might introduce a tax on fast food and beer, Health Minister Vasile Cepoi said Thursday, adding that unhealthy foods... more
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Romanian Labor Market Returns To Pre-VAT Hike Levels After Two Years yesterday, 00:40
The number of employees in the Romanian economy reached 4.25 million people in March, marking a return to the level registered in June 2010, before... more
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Government Recovers Over Half Of Funds Allotted To City Halls By Former Administration 05.16.2012
The Romanian Government will recover more than half of the funds allotted by the former administration to city halls controlled by the Democratic... more
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Timisoara Authorities Want To Award EUR11M Contract For Infrastructure Upgrade
05.16.2012
Timisoara local authorities want to organize an auction to award an infrastructure upgrade contract worth 51.5 million (EUR11.6 million), VAT... more
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Government To Refund Pensioners For Healthcare Contributions Collected Illegally
05.16.2012
Romanian pensioners will be refunded their social healthcare contributions in monthly tranches and the social health insurance fund will lose over... more
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Galaxy Tobacco Wins Case Against Romanian Tax Authority Regarding Unpaid Taxes 05.16.2012
Galaxy Tobacco has won a case against Romania’s tax authority ANAF, in which the state claimed 500 million lei (EUR112.4 million) in unpaid taxes... more
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Generic Drug Producers Want Clawback Tax Suspended Immediately 05.16.2012
The Association of Romanian Producers of Generic Drugs (APMGR) has called for the immediate suspension of the clawback tax and for discussions to... more
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Oil Companies To Pay Additional Taxes As Of 2013, Romanian Economy Minister Says 05.16.2012
Romanian Economy Minister Daniel Chitoiu on Wednesday said the government is drafting up a bill introducing additional taxes on one-time revenue... more
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Georgescu: Banking System Is Solid, No Need For Bridge Bank 05.16.2012
Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank... more
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Some Ministries Might Be Allowed To Unfreeze Hiring, Cap To Be Observed – Deputy PM 05.16.2012
Some Romanian ministries and public institutions might be allowed to hire more staff than agreed with financial institutions, while the rule... more
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Education Minister Resigns Amid Plagiarism Accusations 05.15.2012
Romanian Education Minister Ioan Mang resigned Tuesday following plagiarism accusations. more
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Former Education Minister Ecaterina Andronescu Wins Suit Against Integrity Agency
05.15.2012
Romanian social democrat senator Ecaterina Andronescu won a suit against the National Integrity Agency which had accused her of being in a conflict... more
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Price Of Clunkers Vouchers Triples 05.15.2012
Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in previous years,... more
Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the
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Agricultural seeds producer KWS, a company with EUR0.9 billion in revenues from worldwide operations, has already run out of the corn
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Bunge, one of the largest vegetable oil producers in Romania, got the Competition Council’s approval to take over the oil plant in
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The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one
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Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern
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Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared
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Businessman Dan Sucu, who controls the Mobexpert business, worth around EUR113 million last year, says he was surprised by the good
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Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in
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Spanish developer Heliotech and its Romanian partner Solar Systems will develop a solar power project worth over EUR55 million in
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Ford Europe completed the EUR675 million investments in the plant in Craiova six months ahead of schedule and began production of the
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ArcelorMittal Galati CEO: Productivity Must Increase, The Good Old Days Won't Return
Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy of Bruno Ribo, the new chief executive of the ArcelorMittal steel plant in Galati, Romania.
