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Articole despre english

Flat Tax On Revenues, To Curb Tax Evasion

The Government decided that Starting May 1st flat taxation will be levied on revenues, not on profit, to curb tax evasion. It estimates to raise thus some extra 350 million lei for the budgetary revenues. The flat rates ...

High Ranking Officials Have Salaries On Freeze For 2009

Prime minister Emil Boc today said at the end of the Government meeting that he decided a freeze on salaries of high-ranking public officials for 2009. "No high-ranking official will get a salary hike this year," Boc...

Less Vacationing On The Easter Vacation In 2009

The number of tourism packages Romanians bought this year for the Easter vacation dropped 20% from last year. Some of the tour-operators say the drop is partly to be blamed on the two week gap between the Easter brake...

Legislation Change to Hasten Bidding Process

The Romanian government passed an emergency regulation to shorten the time required in the public acquisition process, in hope to facilitate investments and higher the pace of European funding. A bidding result may be co...

The crisis hits the insurance companies

The Romanian insurance market will record a decrease this year. The insurers need a cash flow of 250-300 million euros in 2009 in order to maintain their solvency margin. Last year, the companies on the Romanian...

Too little EU money spent on the environment

In the two years since the integration in the European Union, Romania has absorbed almost 18% of the money that were supposed to get into our country from the European Commission, sources from the Ministry of...

The EU Countries Pension Systems Are In Jeopardy

The European Commission last week published a report on the status of the pension systems in the member-states, warning on the effects of the economic crisis. With regard to Romania, the report says the country has to...

New Cars Sales In Free Fall In Romania

The sale of new cars on the Romanian market dropped dramatically as a result of the reluctant Romanians, in the face of the financial crisis and lack of credits. In February 2009, there were 7,182 new cars registered, or...

Romania and the IMF: unnecessary confusions

Romania needs foreign financial assistance due to the global recession, to the decreasing capital in emerging economies, to the short-term obligations of the private sector and, last but not least, to the lack in...

The economic crisis reduces pollution in major cities

The economic problems that have hit the country in the recent months have brought unexpected good news: the pollution in major cities has decreased. Not significantly, but it is the first decrease in the past nine...

19 billion euros for credibility

Radu Berceanu ready to swear that the IMF will be indulgent with Romania The loan package that Romania wants to take from the global financial institutions reaches 19 billion euros, only 4 of which will be used. The...

To Sign Or Not To Sign With the IMF

To sign or not to sign an agreement with the IMF is the question of the day in Romania. The history of our past relationship with the IMF does not show a good record, on both sides. In 1999, the IMF stated Romania was on...

IMF Delegation To Meet Banking Groups In Vienna Re Lending Of Romania

Sources in the banking system told Mediafax news agency that the IMF delegation visiting Romania will also meet the presidents of the main foreign banks having subsidiaries in the country, which are in fact responsible...

SMEs Would Like Taxation On Energy To Not Trickle Down

Representatives of the small and medium sized enterprises, or SMEs, would like the government to make sure the planned taxation of the natural gas, oil and electric power will not trickle into prices paid by the...

Traian Basescu Would Get A Second Mandate Had Elections Run Tomorrow

Romania's president Traian Basescu would get a second mandate, had elections been held tomorrow, a public poll conducted by INSOMAR found. Basescu would get 59% of the votes, with the SDP president Mircea Geoana coming ...

The gas price remains unchanged

The National Regulatory Authority for Energy (ANRE) has decided that the price of gas delivered to the population would remain unchanged. "Due to the requests of the gas distributors, ANRE decided that the price of the...

IMF saved Romania from bankruptcy

Romania, one of the poorest EU countries, is the third country in the European block that, due to serious economic problems, needed the "injection of funds" from the IMF to avoid getting to state bankruptcy and agreed wi...

Anti-Bankruptcy Measure

The real estate agencies have taken an illogical decision: they increased their fees to cover the lack of customers. The realtors go bankrupt one by one, and those who resist have taken into consideration rentals,...

Reduce the costs, not the personell!

"The most serious mistake of employers is to reduce the number of employees," says Hossu. "How do we get out of the crisis? Should we reduce the expenses or the staff?" The representatives of several companies that...
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