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Arhivă lunară | aprilie, 2009

Transport Ministry pays Transilvania motorway arrears in amount of 140 mln euros

15 aprilie 2009

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  Ministry of Transport and Infrastructure has paid 140 million euros in arrears, to which four million euros in penalties were added, as stipulated by the contract, for works carried out at Transilvania motorway (Brasov, center – Bors, west), announced on Tuesday Minister Radu Berceanu. The Minister stressed that no payments were made in this [...]

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Public expenditure on investment to total 37.9 bln lei this year

15 aprilie 2009

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  The public expenditure on investment will total 37.9 billion lei this year, after   the budget revision, and it accounts for 7.1 percent of gross domestic product, Public Finance Minister Gheorghe Pogea told a news conference on Tuesday.   The funds for such investments will come from domestic resources at 21.9 billion lei or 4.1 [...]

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Deputies are tabled fresh law on Danube Delta Biosphere Reserve

15 aprilie 2009

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  The  chairwoman  of  the  Commission  for  Public Administration, Land Planning and Ecological Balance, ex- Environment Minister Sulfina Barbu tabled the Chamber of Deputies a new draft law on the protection of the Danube Delta Biosphere Reserve (DDBR). The draft act proposes the amendment and the completion of the Law No. 82/1993 on setting up [...]

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Public Finance Minister: 179 taxes to be reduced and merged

15 aprilie 2009

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  A number of 179 taxes are to be reduced and merged of the total of 489 existing taxes and tariffs, following the Ministry of Public Finance (MFP) pledge to reduce taxation, announced on Tuesday Minister Gheorghe Pogea in a press conference.   He pointed out that 36 taxes will be rescinded and 143 merged, [...]

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Budget deficit in three months at 1.56 pct of GDP

15 aprilie 2009

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  The deficit of the general strengthened budget in the first quarter of 2009 amounted   to 8.29 billion lei, accounting for 1.56 percent of Gross Domestic Product (GDP), Public Finance Minister Gheorghe Pogea announced at a news conference on Tuesday.   Overall revenues dropped 6.2 percent to 37.76 billion lei from 40.269 billion lei in [...]

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Ford buys on Automobile Craiova stocks

15 aprilie 2009

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  Automobile Craiova Ford paid last weekend 2.9 million lei (about 0.704 million euros) for the shares representing 0.88 percent of the share capital of Automobile Craiova (south), and thus the US carmaker holds 96.51 percent of the stocks, the Business Standard informs.   The Company bought for 17.5 lei (4.2 euro) each of the [...]

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Euro trades at 4.13 lei on April 14

15 aprilie 2009

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  The exchange rate of the national leu (RON) currency resulting from the quotations announced on Tuesday, April 14, by the banks authorized to operate on the currency market is as follows: 1 euro EUR 4.1379; 1 US dollar USD 3.1109.The exchange rates of the currencies included in this list are based on quotations of [...]

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Government to finalize this year law on single salary system

15 aprilie 2009

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  The government has committed itself, by the agreement with the International Monetary Fund (IMF) to finalize this year the law on the single salary system in the public sector, and the law on the reform of the public pension system, said, on Tuesday, at a press conference, Public Finance minister Gheorghe Pogea.   He [...]

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Minister of Finance, Gheorghe Pogea: Budget revenues down 6.2 percent

15 aprilie 2009

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  The level of budget revenues will reports a  6.2 percent shrinkage in Q1, 2009, compared to the level registered in the same period one year ago, said on Tuesday Minister of Public Finance, Gheorghe Pogea at a news conference.   The expenditures reached 46 billion lei (some 11.14 billion euros), reporting a rise of [...]

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Base salaries and pensions unafeccted by loan agreement with IMF

15 aprilie 2009

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  The base salaries and pensions are not affected by the loan agreement with the IMF, PM Emil Boc   said Tuesday before the joint budget finance commissions in Parliament."The base salaries and pensions are not affected by the agreement with the IMF. Pensions will go up 5 percent   while the minimum social pension has been [...]

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Senate Chairman Geoana: There is little interest of Brussels and Washington in the developments in the region

15 aprilie 2009

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  Unfortunately, there is too little an interest of the European Union and the US in the developments in Romania's geographical region, and both the Republic of Moldova, and Georgia and Ukraine are facing immense difficulties, Chairman of the Romanian Senate Mircea Geoana said on Tuesday at the close of a debate on the  latest [...]

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Budget revision cuts 1.7376 billion lei from expenditures for investments

15 aprilie 2009

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  Expenditures for investments were cut by 1.736 billion lei (403 million euros/ minus 8.9 percent) at the 2009 budget revision, approved on Saturday by the Government , but they continue to remain the public budget's priority component and will stand at 37.9 billion lei or 7.1 percent of the GDP, said on Tuesday minister [...]

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Finance Mnistry : There will be no bankruptcies because of lump sum tax

15 aprilie 2009

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  The introduction of the lump sum tax will not trigger bankruptcies, Finance Minister Gheorghe Pogea told a news conference on Tuesday. "The minimum tax will not affect the 16% flat tax. It will not affect the activity of enterprises because we address companies that  during the economic boom, have reported losses.   I do [...]

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Isarescu: Year 2009 means return to a more normal pace of financing from abroad

15 aprilie 2009

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  After more years when the economic growth was focused on foreign loans, with savings drawn from abroad, which has led to a current account deficit of 14 percent of GDP, the year 2009 means the return to a more normal pace, said, on Monday, governor of Romania's Central Bank (BNR) Mugur Isarescu, at a [...]

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PM Boc meets Parliament leaders

15 aprilie 2009

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  A meeting has started this afternoon of Prime Minister Emil Boc and leaders of Parliament , at the Parliament Palace in Bucharest. The  aim  of  the  meeting  is  PM Boc  presenting the  principles  underlying the  stand-by arrangement concluded by the Romanian Government with the International Monetary Fund (IMF) and the European Commission, with talks [...]

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Budget revision allows for 0.8 -percent higher average inflation

15 aprilie 2009

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  The macroeconomic framework taken into account at the budget revision approved on Saturday by the Government allows for an average inflation for 2009 of 5.8 percent, compared to 5 percent, the level initially set for the budget. The public budget for 2009, adopted by Parliament on February 20 was based on an inflation of [...]

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Senate Chairman Geoana: Romania has to change positions in the new international context

15 aprilie 2009

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  Romania  should  redefine  its  position  in  the  new international context on its relations with the Republic of Moldova, Senate Chairman Mircea Geoana told a debate on Tuesday hosted by the Parliament Palace of Bucharest.In the context of the latest developments in Moldova, there is a relative isolation of Romania within the European Union, Geoana [...]

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40 percent of applicants on BestJob are aged less than 25

15 aprilie 2009

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  Almost 40 percent of those who have applied for a job on the recruiting site BestJobs in the first months of the current year are young people aged less than 25, according to data from the company, taken over by Business Standard.   The youths aged under 25, who have applied for a job [...]

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Romania to sign accord with IMF this May

15 aprilie 2009

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  Romania  will  officially  sign  the  accord  with  the International Monetary Fund in early May, vice governor of the National Bank of Romania (BNR) Cristian Popa said.Asked about the requirements of the IMF, the BNR vice governor said that the IMF "counts on the annual prognosis drawn up by the BNR. One of the principles [...]

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Isarescu: Adopting euro at the wrong time would affect fiscal policy and wages

15 aprilie 2009

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  Adopting the European currency euro at the wrong time, without previously ensuring the  real and  nominal convergence, and also without ensuring the macroeconomic balance, is to affect, in the conditions of a fixed exchange rate, either the fiscal policy, or the wage adjustment, governor of the Romanian National Bank (BNR) Mugur Isarescu said on [...]

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Isarescu: What Romania has to learn from the crisis is the lesson of macroeconomic balance and sustainability

15 aprilie 2009

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  Romania has to learn from the economic crisis two main lessons: to avoid macroeconomic imbalances and ensure real convergence with the EU, at the same time with the implementation of sustainable policies, BNR Governor Mugur Isarescu told a Tuesday news conference on the effects of the economic crises. "I have drawn nine lessons from [...]

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DNA: Penescu has given away more than 100,000 euros in bribes for favours to FC Arges

15 aprilie 2009

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  Prosecutors of the National Anti-Corruption Directorate (DNA) are accusing Cornel Penescu, the owner of FC Arges football team and a shareholder in PIC SA of Pitesti hypermarket chain, of three counts of bribe giving, two in continual form, and Liviu Ilie Facaleata, a man from Penescu's entourage, of bribe giving and being an accessory [...]

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Public budget revised for an exchange rate of 4.3 lei/euro

15 aprilie 2009

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  The public budget for 2009 was revised for an average exchange rate of 4.3 lei/euro as against an exchange rate of 4 lei/euro initially, said on Tuesday in a new conference, minister of public finance, Gheorghe Pogea.   The economical framework taken into account for the budget revision in 2009, approved on Saturday by [...]

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Priority of Transport Ministry for motorways is Corridor 4

15 aprilie 2009

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  The Transport and Infrastructure Ministry's no 1 priority in the field of motorways is Corridor 4 from Arad – Timisoara – Lugoj – Sibiu – Curtea de Arges – Pitesti – Bucharest – Constanta, said on Tuesday, the transport minister Radu Berceanu.   He said that for the time being, in the focus of [...]

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Deputy PM sets deadline for completion of decentralization projects

15 aprilie 2009

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  Deputy  Prime  Minister  Dan  Nica,  Minister  of Administration and Interior, on Tuesday at a meeting on decentralization, set the date of April 28th as deadline  for  the  ministries  involved  in  the  decentralization  process  to complete  the  necessary normative acts.   Nica  called on the  ministry representatives  to complete  the  debates  they have with the [...]

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Geoana: Gov’t is expected to present its anti-crisis strategy before Parliament

15 aprilie 2009

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  The Government is expected to present before Parliament a consistent strategy for Romania's economic recovery and social security, Senate Chairman Mircea Geoana said on Tuesday after Prime Minister Emil Boc and other Government members discussed with the leading boards of Parliament's two chambers Romania's agreement with the International Monetary Fund (IMF) and the European [...]

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Bucharest Stock Exchange closes lower

15 aprilie 2009

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  Shares on the Bucharest Stock Exchange (BVB) on Tuesday fell 1.15pc  in average, as shown by the BET-C composite  index; the five financial investment companies (SIFs, the evolution of which is reflected by the BET-FI index) fell by a sharper 5.01pc.   Shares of 55 issuers changed hands on the main BVB market, the [...]

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Preventive arrest warrants served on ‘Penescu batch’

15 aprilie 2009

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  FC Arges owner Cornel Penescu, Chairman of the Central Referees' Commission Gheorghe Constantin, former head of the Pitesti Regional Consumer Protection Office Cristian Libertatu and PIC CEO Liviu Facaleata on Tuesday were served 29-day preventive arrest warrants issued by the Arges Tribunal. Prosecutors with the Natioanl Anti-Corruption Directorate (DNA) requested the preventive arrest of [...]

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President Basescu: Unprecedented accusations brought against Romania

15 aprilie 2009

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  President Traian Basescu on Tuesday said in the plenary meeting of Parliament that some are trying passing on responsibility for the steps backwards made by the Republic of Moldova on the path of democratisation and that Romania was brought unprecedented accusations.Romania is not responsible for the steps made backwards by the Republic of Moldova, [...]

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Authorities from Chisinau disturbed by Romanian journalists reporting exactly what they see

15 aprilie 2009

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  Romanian MEP  Ioan Mircea  Pascu  (from the  Party of  European Socialists  /  Romanian Social Democratic  Party),  Vice-Chairman  of  the  Commission  on  Foreign  Affairs  with  the  European Parliament on Tuesday told the decision of the Ministry of Foreign Affairs and European Integration of the Republic of Moldova (MAEIE) to withdraw the accreditation of the TVR [...]

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Romania’s prosecutor general meets FBI director

15 aprilie 2009

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  Romania's prosecutor general Laura Codruta Kovesi on Monday met the chief of the Federal Bureau of Investigation (FBI) Robert S. Mueller, on the occasion of a visit she paid to the U.S. According to a release of the General Prosecutor's Office on Tuesday, Kovesi is going to visit several institutions    in Washington D.C.  and [...]

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CIS recommends lower, capped social security contributions

15 aprilie 2009

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  The Foreign Investors Council (CIS) recommends the government to lower social security contributions , set a cap on this payroll tax and also reintroduce profit tax brackets in order to simplify the fiscal system and give investments a boost, reads the White Book Report authored and published on Tuesday by CIS.   CIS also [...]

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Basescu: We will not tolerate humiliation of Romanians in Moldova

15 aprilie 2009

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  The Bucharest authorities will not tolerate the humiliation of Romanians in Moldova only because they do not believe in a system that is hostile to an open society, President Traian Basescu said Tuesday in his address to Parliament on the ties with the republic of Moldova.   "We will not accept Romanians being blamed [...]

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OSDR Chairman Luca to run in European election on PSD ticket

15 aprilie 2009

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  Chairman  of  the  Social  Democratic  Organisation  of Romanians from Brussels (OSDR) Dan Luca will be running in this June's European election on the ticket of the Romanian Social Democratic Party (PSD), OSDR reports in a press release. Luca says that the experience of Romanians from Belgium and other areas outside Romania can have a [...]

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Basescu: Accusations against Romanian state are unacceptable

15 aprilie 2009

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  The attempt of externalization of the origin of the domestic problems  of  the  Republic  of  Moldova  and  the  accusations  against  the  Romanian  state  are unacceptable, said, on Tuesday, president Traian Basescu, before the plenum of Parliament.   He added that in the latest four years, "despite syncopated moves", Romania has made efforts to relaunch [...]

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MAE hails steps of OSCE representative with the authorities of Chisnau

15 aprilie 2009

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  Ministry of Foreign Affairs (MAE) hails the steps of the OSCE Representative on Freedom of the Media, Miklos Haraszti, with the authorities of Chisinau regarding the infringement of the right to information of the international media in the post -election context.   Miklos Haraszti's  letter addressed to the minister of Foreign Affairs of the [...]

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Basescu: Romania has no intention to claim any rights on territories lost long ago

15 aprilie 2009

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  Romania has no intention to claim any rights on certain territories that were lost long ago, but the country feels like it has certain moral obligation not to abandon those who speak the same language (that is people from the Republic of Moldova), Traian Basescu said on Tuesday, before the plenary session of the [...]

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President Basescu pays official visit to Lebanon

15 aprilie 2009

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  President Traian Basescu will pay on Wednesday and Thursday an official visit to Lebanon at the invitation of his counterpart, Michael Sleiman, the department on public relations of the presidential institution informs. The head of the Romanian state will hold meetings with Lebanese counterpart, as well as with chairmen of the Council of ministers [...]

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Romania is concerned with violent acts against Romanian citizens in Moldova

15 aprilie 2009

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  Romania  is  going  to  launch  procedures  to  sent  to international criminal courts   any case of aggression in the Republic of Moldova against Romanian citizens, Romanian President Traian Basescu said on Tuesday, at the plenary session of the Parliament in Bucharest.   'We cannot tolerate Romanian citizens be threatened with guns by political leaders in [...]

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Basescu urges Gov’t to amend citizenship legislation

15 aprilie 2009

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  In a message on the current situation in the Republic of Moldova delivered on Tuesday to the Romanian Parliament , President Traian Basescu mentioned having urged the Romanian Government to urgently amend the country's citizenship legislation in order to speed up the regaining of the Romanian citizenship by those who have lost it.   [...]

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