Fitch Ups Outlook On Rompetrol's 'B+' Rating To Stable
Fitch Ratings on Friday revised the outlook on Netherlands-based The Rompetrol Group N.V. (TRG) to stable from negative while affirming its long-term foreign currency issuer default rating at (...)
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Romanian Journalist Attacked
A protester waves Romania's national flag during a protest against austerity measures taken by the centrist government and falling living standards in Bucharest on March 1, (...)
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Introducing Fast Food Tax To Impact Romanian Food Industry, Consumers - Association
Introducing a tax on fast food will undoubtedly impact the Romanian food industry, consumers, as well as the country’s agriculture and economy, food industry association Romalimenta said in a (...)
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Bucharest Stocks Close Down On International Worries
Bucharest shares closed down Friday after a short-lived reprieve a day earlier, amid a negative sentiment in the region following speculations of a Greek exit from the eurozone and a batch of (...)
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Posta Romana To Lay Off 6,500 Employees, Almost 20% Of Staff
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 next three months and a further 5,500 employees (...)
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UniCredit: Greek Euro Exit Unlikely To Hit Romania Too Hard
A potential exit of Greece from the eurozone is unlikely to have a significant impact on the Romanian economy, a senior official of Italy’s banking group UniCredit said (...)
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Leu Ends Flat Vs Euro On Low Volumes
Romania’s leu traded around 4.44 per euro in late session Friday and closed flat on the day, amid low volumes.
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Romania To Keep Oil, Gas Royalty Rates Unchanged Until 2015
Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said Friday.
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Economy Minister: Romania To Name First Private Manager In State Company By End-June
Romania will appoint the first private manager in a state company by the end of June, Economy Minister Daniel Chitoiu told a news conference Friday.
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EBRD Ups Romania GDP Growth Forecast To 1.2% In 2012
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.2% in 2012, from 0.8% previously, but warned the slowdown in the eurozone (...)
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Basescu: Romania Wins With Any Alternative Energy Project In Balkans
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 Nabucco, the South East Europe Pipeline or the (...)
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Basescu: Romanian Public Must Be Shown That Shale Gas Exploitation Poses No Major Risk
Romanian President Traian Basescu said Friday Romania must develop a strategy to explain to the public that shale gas exploitation does not pose major (...)
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Economy Minister: Hidrolectrica Bilateral Contracts No Longer Underpriced
Romanian state-run hydropower generator Hidrolectrica has managed to amend its controversial bilateral electricity contracts signed with corporate clients and had updated its tariffs with current (...)
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EBRD: 1.2% growth in Romania, high risk of recession in the region
Emerging Europe is being “buffeted” by the ongoing eurozone problems, according to a new report from the European Bank for Reconstruction and Development ( EBRD ). The study, which looks at (...)
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Allianz-Tiriac's Underwritten Premiums Down 10% In 1Q, To RON230M
Romanian insurer Allianz-Tiriac’s underwritten life and non-life insurance premiums fell 10% on the year in the first quarter to 230 million lei (EUR51.7 million) and its pre-tax profit rose to (...)
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Transport Minister: Work On Transylvania Highway To Move Ahead
Work on the Transylvania Highway will continue in Bihor county after the Transport Ministry will pay US constructor Bechtel 98 million lei (EUR22 million), minister Ovidiu Silaghi announced (...)
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(P) Tax Flash: Proposal for a Council Directive amending the VAT Directive on the treatment of vouchers
On 10 May 2012, the European Commission published a proposal (“the Proposal”) for a Council Directive amending the Principal VAT Directive in regard of the treatment of vouchers. The Proposal (...)
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Romanians Gear Up For Museums Night
Museums and cultural institutions across Romania are to open their doors all night on Saturday, May 19, as part of the annual Museums Night.
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Leu Gains Vs Euro, Exchange Rate At 4.4421
Romania’s leu strengthened below 4.45 per euro around noon Friday and the central bank’s reference gained modestly to 4.4421 units, from 4.4435 units a day (...)
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Cegedim: Romanian Medicine Market Climbed 21% In Jan-March
The Romanian medicine market increased to 2.93 billion lei (EUR659.5 million) in the first three months of the year, up 21.6% compared with the same interval of 2011, according to market research (...)
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