GOVERNMENT
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Romania Extends Medium-Term Note Program; Ups Ceiling To EUR15M
Romania on Wednesday extended its medium-term note program by three years until 2016 and raised the borrowing ceiling to EUR15 billion, from EUR8 billion previously.
Tarom Might Resume Bucharest-Beijing Flights
Romanian state-owned airline Tarom might resume direct flights to Beijing, China, starting with a frequency of two flights per week, according to a discussion between Prime Minister Victor P...
Romania Approves Several Oil Concession Agreements With East West Petroleum
Romania’s government has approved several oil concession agreements in the perimeters Baile Felix, Biled, and Periam, agreements between the country’s National Mineral Resources Agency (ANRM...
Chinese PM: China, CEE Countries Must Double Trade In Next Five Years
Trade between China and countries in Central and Eastern Europe (CEE) must double in the next five years, as its value is still low, Chinese Prime Minister Li Keqiang said Tuesday in Buchare...
China’s Huawei To Open Regional Center In Bucharest, Romanian Government Pledges Support
Chinese telecoms equipment maker Huawei will open a regional center in Bucharest and will invest in research and education programs in Romania, for which the government has pledged its suppo...
BCR's Spurny: Government Should Take Steps To Boost Growth At 5% Or Lose Voter Support
Romania has a low indebtedness level and a high potential for economic growth and any government that cannot create conditions for a growth rate of at least 5% a year should not benefit from...
Finance Minister: New Royalty Rates On Mineral Resources Applied Only To Future Contracts
The new royalty rates levied on mineral resources other than natural gas and oil, which will be increased starting 2014, will apply only to future contracts, said Romanian Finance Minister D...
Fuel Prices To Rise RON0.3-0.4/L In 2014 Following Excises Increase
The prices of gasoline and diesel oil in Romania will increase by 0.3 lei (EUR0.06) to RON0.4 per liter in 2014, following an increase in fuel excises, Finance Minister Daniel Chitoiu said T...
EXCLUSIVE: Local Authorities May Raise Property Taxes For Individuals At Will
Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary.