 Romanian Government Wants To Sack At Least 100,000 State Employees by Year-End
(Thu, 17 Jun 2010 13:40:00) |
| Romania’s Finance Minister Sebastian Vladescu announced today that, according to the IMF agreement, Romania must sack at least 70,000 employees from the public sector until the end of the year, so that the total number of persons working in this sector will go down from 1.36 million to...
Click here for further information
[top of page] |
|
Romania's Defense Council Will Meet on Tuesday
(Tue, 22 Jun 2010 12:28:00) |
| Romanian president Traian Basescu asked for the assembly of the country’s Supreme Defense Council CSAT on Tuesday, June 22, at the Cotroceni palace. The discutions will focus on Romania's national defense strategy, Romania's military forces and means that can be provided for military...
Click here for further information
[top of page] |
|
Cut-Off Limit for Roaming Data Transfers Starting July 1st
(Wed, 23 Jun 2010 16:14:00) |
| According to Romania’s telecom regulator ANCOM, starting July 1st, with the changes of European roaming regulations coming into force, the mobile operators will impose a cut-off limit for roaming services as of July 1 for clients who have not chosen a cut-off limit. "The default...
Click here for further information
[top of page] |
|
Euro Reaches All-time High Against Romanian Leu
(Mon, 28 Jun 2010 14:51:00) |
| The measures adopted by the Romanian Gouvernment this weekend regarding the increase of VAT from 19% to 24% had a very powerful effect on the financial market, as this announcement increased concerns about inflationary pressures. In this conditions, central bank’s reference hit an...
Click here for further information
[top of page] |
|
Romanian Foreign Exchange Reserves Dropped Down to EUR31.6 Billion
(Thu, 01 Jul 2010 16:55:00) |
| Romanian's foreign exchange reserves dropped down EUR362 million in June, to EUR31.627 billion, in the context of foreign exchange inflows of EUR792 million, while outflows totaled EUR1.15 billion, according to central bank data. The central bank's gold holdings were flat on the month at...
Click here for further information
[top of page] |
|
Romanian Leu Continues To Strenghten Against Euro
(Tue, 06 Jul 2010 15:49:00) |
| Romanian national currency continued to firm against the euro on Tuesday, as the central bank’s reference stood at 4.2393 RON/EUR, 0,5% lower than Monday. This is the fourth consecutive session that sees the leu gaining ground against the euro. Last Wednesday National Bank’s...
Click here for further information
[top of page] |
|
Almost 70% of Retailers in Romania Raise Prices After VAT Hike
(Tue, 06 Jul 2010 16:49:00) |
| A survey conducted by Soft Mentor shows that over 68% of the retailers in Romania have decided to increase prices, while only 31.71% said they are keeping the prices unchanged following the Government’s decision to raise the value added tax to 24%.
Amongst the ones that did...
Click here for further information
[top of page] |
|
Romania's Current Account Gap Widened 46% in the First Five Months of 2010
(Tue, 13 Jul 2010 16:19:00) |
| In the first five months of 2010, Romania's current account deficit widened 45.7% compared to the same period of time in 2009, to EUR2.865 billion. The current transfers balance dropped 55%, from EUR1.866 billion in January-May 2009 to EUR839 million in the first five months, according to...
Click here for further information
[top of page] |
|
Prime Minister: 16% Flat Tax Remains Unchanged
(Mon, 19 Jul 2010 17:40:00) |
| According to Romanian Prime Minister Emil Boc, the Government has no plans to increase, lower or eliminate the 16% flat tax, even though it is considering different scenarios. "We are currently not talking about raising or lowering the flat tax. We are considering different scenarios...
Click here for further information
[top of page] |
|
IMF: Romania’s 2010 Economic Forecast To Be Revised
(Mon, 26 Jul 2010 15:50:00) |
| Jeffrey Franks, head of the IMF mission to Bucharest, announced that the financial institution will revise its forecast on Romanian economic growth for 2010. The official hinted that the revision will be more optimistic compared to a 3% contraction envisaged by the European Bank for...
Click here for further information
[top of page] |
|
Romania’s Finance Minister: No Talks About A New IMF Loan
(Tue, 27 Jul 2010 17:05:00) |
| Finance Minister Sebastian Vladescu said today that the Romanian authorities are not discussing about a new loan with the IMF representatives. "The topic in not on the talks agenda at this point," Vladescu told reporters. This matter was confirmed by Prime Minister Emil Boc....
Click here for further information
[top of page] |
|
Romanian Jobless Rate Will Rise Until the End of the Year
(Mon, 02 Aug 2010 12:30:00) |
| Romanian Prime Minister Emil Boc announced on Sunday that the Government estimates an increase in the country’s unemployment rate until the end of 2010, caused by the austerity measures applied in the public sector. The official also pointed that the decrease in the country's jobless...
Click here for further information
[top of page] |
|
Romanian July Foreign Exchange Reserves Fall Slightly To EUR31.6B
(Mon, 02 Aug 2010 14:26:00) |
| Romania’s central bank foreign exchange reserves went down slightly on the month from EUR31.63billion to EUR31.58 billion. Forex reserves fell for the third consecutive month.
The central bank said foreign exchange inflows stood at EUR3.054 billion in...
Click here for further information
[top of page] |
|
Romania’s Economy Ministery To Select Broker For Petrom Stake Sell By Mid-Sept
(Thu, 05 Aug 2010 16:36:00) |
| Romanian Economy Minister Adriean Videanu announced today that, in order to sell nearly 10% in leading oil company OMV Petrom (SNP.RO), a broker will be selected by mid-September. The transaction should be completed by year-end.
Videanu said the ministry plans...
Click here for further information
[top of page] |
|
OMV Petrom Hikes Diesel Oil Prices
(Thu, 05 Aug 2010 16:43:00) |
| OMV Petrom, the largest corporation in Romania and the largest gas and oil producer in Southeastern Europe, raised its diesel oil pump prices by 0.05 lei per liter, in accordance with the market’s conditions. As of today one liter of OMV Premium Diesel and OMV Sprint Diesel costs...
Click here for further information
[top of page] |
|
Emil Boc: 88,067 Jobs Have Been Cut In Public Sector This Year
(Sun, 08 Aug 2010 17:07:00) |
| Since the beginning of the year, according to documents approved by the Government, 88,067 jobs have been cut this year in the public sector, of which 14,462 were vacant and 73,605 filled, Romanian Prime Minister Emil Boc said Saturday. He added layoff procedures are still underway for part...
Click here for further information
[top of page] |
|
Malware Threats in Romania Doubled to 1.6M - BitDefender
(Mon, 09 Aug 2010 16:31:00) |
| Romanian software security solutions provider BitDefender announced today that the number of malware threats in Romania has doubled in the first six months of the year compared to the same period in 2009, to 1.6 million. Most of the threats were malware applications disseminated...
Click here for further information
[top of page] |
|
Romania Should Reconsider Euro Adoption Calendar
(Wed, 11 Aug 2010 15:15:00) |
| According to Romanian President Traian Basescu, authorities should rethink the country’s euro adoption calendar, beacause Romania has not yet resolved its structural deficits problem.
Basescu said that although Romania can meet eurozone entry criteria by...
Click here for further information
[top of page] |
|
Transp Ministry Might Sack 12,800 Employees in the Railway Sector
(Wed, 11 Aug 2010 17:08:00) |
| Romania’s Transport Ministry might sack 12,800 employees in the railway sector until the end of September, according to sources close to the matter. Between March and April 2010, the ministry sacked 10,361 employees in the railway sector.
The main targets are employees with...
Click here for further information
[top of page] |
|
Romania’s Chamber of Deputies Adopts National Integrity Agency Bill
(Tue, 17 Aug 2010 13:00:00) |
| Romania’s Chamber of Deputies adopted on Monday the draft law on the National Integrity Agency (ANI), in spite of opposition social democrats refusal to participate in the procedings. The bill was adopted with 204 votes “for” two “against” and two...
Click here for further information
[top of page] |
|
