Archive for July, 2009

News from Romania. Archive for July, 2009

Minimum Tax Brings Extra EUR65M To Budget - National Fiscal Administration Agency

Around 65% of the companies will pay the minimum tax, worth 291.7 million lei (EUR1=RON4.2127), or 12% of the total profit tax declared by July 25, while, by [... more]

KazMunayGaz Replaces 3 Managers Of Romanian Rompetrol

Kazakhstan’s KazMunayGaz, the owner of Romania's second-largest oil group Rompetrol, replaced three managers of the oil company’s management team, namely [... more]

Romanian businessman: A 7-8% economy drop would mean a big catastrophe for the business environment

A 7-8% drop in the economy would mean bankruptcies and reorganising some economic sub-sectors, a "big catastrophe" for the business environment, [... more]

Marian Lupu, PDM leader: We begin the negotiations with the liberal parties

Democratic Party from the Republic of Moldova (PDM) leader Marian Lupu is seen as the key political character in forming a large coalition for the future [... more]

Romania’s 7-8% Econ Contraction, A “Disaster” For Business Environment - Assoc

The economy contraction of 7-8% forecasted for 2009 will represent a "big disaster" for business environment and will trigger the bankruptcy of companies and [... more]

German workers made redundant after Nokia moved a plant to Romania with the EUs help

1,300 German workers, ex-Nokia employees, have been made redundant after Nokia's plant in Bochum decided to move in Jucu, a locality in central-West Romania [... more]

Romanian Govt Wants Pocketless Dealers In Casinos - Law

Romanian casino staff must wear pocketless uniforms while at work, while casino operators will be compelled to keep records of the tips received by dealers, [... more]

Final results of Wednesdays elections: Communists raised 44.69%, insufficient for a majority in Parliament

The Communist Party in the Republic of Moldova obtained a final score of 44.69%, which means the Wednesday's election brought them 48 mandates, still [... more]

146 thousand euros efficiently spent - EU experts evaluated the preparation of Romanian consulates for Schengen

The European experts’ evaluation of the Romanian consulates in Istanbul and Chisinau level of preparation for issuing Schengen visas is positive, Foreign [... more]

EU Experts Conclude Romania Can Meet Schengen Visa Standards - FM

Romanian foreign minister Cristian Diaconescu said EU experts concluded Romania can meet Schengen visa standards and made some recommendations for the country [... more]

Romanian executed by the Chinese state

Andrei Negrea (23 years old) was arrested in China for drug trafficking. After being senteced to death, he was executed last week. The Romanian was a member of [... more]

Romania Roads Auth Gets 7 Bids To Expand Highway Segment

Romania’s public roads authority CNADNR on Friday announced it has received seven bids for an estimated contract of 196.85 million (EUR1-RON4.2127) to expand [... more]

Romania’s Foreign Ministry Cut 55 Jobs Amid Financial Restrictions – Minister

Romania’s foreign affairs minister Cristian Diaconescu on Friday said the ministry decided to scrap 55 jobs, in the fallout of financial restrictions, of [... more]

TAS decision: Adrian Mutu will pay 17 million euros to Chelsea

The Court of Arbitration for Sport (TAS) in Lausanne did not rule out in favour of Romanian international football player Adrian Mutu, ex-Chelsea, in his case [... more]

Romanian Footballer Mutu’s EUR10M Fortune Not Enough To Cover Debt To Chelsea

Romanian FM Says Allegations Of Romanian Executed In China Don’t Check Out

Romanian foreign minster Cristian Diaconescu said Friday the ministry has no information confirming that a Romanian national was sentenced to death and executed [... more]

Court Confirms FIFA Decision, Dismisses Appeal Of Romanian Player Adrian Mutu

The Court of Arbitration for Sport on Friday said it dismissed the appeal filed by Romanian football player Adrian Mutu against the decision rendered by [... more]

State plane company to change selling strategy after negotiations with Alenia Aeronautica failed

The Romanian Authority for State Assets Recovery (AVAS) will change the selling strategy for plane company Avioane Craiova after the deadline for turning it [... more]

Romanian Govt To Set Costs Standards For Staff Expenses In All Public Institutions

The Romanian government will extend the calculation system for staff expenses using cost standards to all public institutions, including ministries, to [... more]

Steaua - Motherwell 3-0/ Red-blue recital

Motherwell seemed to play like a second league football team on Ghencea stadium in Bucharest. The Scottish rarely found their way towards Tatarusanu's goal. [... more]

Romanian PM In Talks With Ministers To Cut Number Of Govt Agencies

Romanian Prime Minister Emil Boc meets Friday with the ministers of development, finance, SMEs and a representative of the Ministry of Environment to discuss [... more]

Moldavian communists drop to 44.7% after counting 99.8% of the votes

After counting 99.8% of the ballots, the Communists lost out on votes’ percentage, going from 45.1% to 44.7%. This still entitles them to 48 mandates in [... more]

Romanian PM Appoints Former Athlete Doina Melinte State Secretary

Romanian Prime Minister Emil Boc on Friday signed the decision appointing former athlete Doina Melinte to take over the state secretary seat within the Ministry [... more]

Romania’s Steaua Wins Home Match Against Scottish Motherwell In 3rd Prelim Round Of Europa League

Romania’s FC Steaua Bucharest secured a 3-0 home victory against Scottish team Motherwell in the first-leg meeting of the third preliminary round of Europa [... more]

What the newspapers say: July 31, 2009

A Romanian citizen is very likely to have been killed by the Chinese authorities in a drug dealing case. Elsewhere in the news, many Romanian universities put [... more]

LukOil Romania posts losses for the first time in history

LukOil Romania, part of the Russian LukOil group and the third-largest player on the local fuel distribution market, posted losses for the first [... more]

Avicola Brasov boosts Transavia’s sales by 20% and its market share to 17%

The Transavia poultry producer, controlled by businessman Ioan Popa, posted a 20 percent annual increase in sales in the first five months of [... more]

Lugera: Temporary job offers rose 20%

The number of temporary job offers increased by one fifth compared to the first months of this year, and companies making such offers operate in [... more]

January-February registers the poorest furniture sales in the past 10 years

The first months of this year were the poorest in the past ten years for the local furniture market, according to data provided by the Romanian [... more]

Paradox on the luxury franchise market: some are closing stores, while others want to come to Romania

The financial crisis is affecting the local luxury market in contradictory ways: on the one hand, increasingly more shops located on [... more]

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