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Social/Politics

Romanian Hotels Cut Tariffs By 30% This Year

Tariffs charged by hotels in Romania were reduced by 30% this year, despite tax hikes and higher workforce costs, federation of employers in the tourism sector FPTR said in a press release F...

Ioana Tudor · 23.12.2011 · 14:54 · 1 min
Moody’s: Continued Fiscal Prudence, GDP Growth May Boost Romania Ratings
Macroeconomics

Moody’s: Continued Fiscal Prudence, GDP Growth May Boost Romania Ratings

Maintaining a prudent fiscal policy in the medium term and evidence of accelerating economic growth may prompt a positive revision of Romania’s sovereign ratings in the future, Moody’s Inves...

Florentina Dragu · 23.12.2011 · 14:30 · 1 min
Social/Politics

Opposition Challenges Advertising Bill At Constitutional Court

The Romanian opposition Social Liberal Union (USL) of Friday challenged at the Constitutional Court the advertising bill, which was adopted by the Chamber of Deputies on December 20.

Ioana Tudor · 23.12.2011 · 14:15 · 1 min
Social/Politics

U.S.-Romania Antimissile Shield Agreement Takes Effect Friday

The agreement between the United States and Romania on the deployment of a U.S. ballistic missile defense system in southern Romania has taken effect Friday, December 23, the Romanian Foreig...

Oana Gavrila · 23.12.2011 · 12:52 · 1 min
Social/Politics

Romanian Tourism Development Projects To Consider Multiannual Programs

Romanian tourism promotion and development projects will be carried out starting next year based on multiannual programs drawn up by the Regional Development and Tourism Ministry, the instit...

Ioana Tudor · 22.12.2011 · 21:41 · 1 min
Automotive

Pensioners, War Veterans Have Until End-2012 To Get Travel Smart Cards

The Romanian Government on Thursday decided to extend by one year, until end-2012, the deadline by which pensioners and war veterans will have to obtain travel smart cards, for use in county...

Ioana Tudor · 22.12.2011 · 19:27 · 1 min
Romania To Write Off CNH’s Debt To State Budget
Energy

Romania To Write Off CNH’s Debt To State Budget

Romanian state-run coal mining company Compania Nationala a Huilei (CNH) will transfer its non-viable mines to the national tax authority ANAF in exchange for having its debt to the consolid...

Florentina Dragu · 22.12.2011 · 18:34 · 1 min
Energy

EU Urges Romania To Set Up Natural Gas Bourse

The European Commission is urging the Romanian government to step up the deregulation of natural gas and electricity, recommending the authorities develop a trading exchange in the gas marke...

Florentina Dragu · 22.12.2011 · 18:02 · 1 min
Social/Politics

Romania Increases Aid For War Veterans To RON200

The Romanian Government on Thursday decided to increase from 150 lei (EUR35) to 200 lei (EUR46.5) the annual financial aid to war veterans, war widows and civilians injured during war.

Ioana Tudor · 22.12.2011 · 17:36 · 1 min