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Social/Politics

Women Hold Over 50% Of Decision-Making Positions In Romanian Central Public Administration - Survey

Women hold over half of decision-making positions in the Romanian central public administration and most leader positions within ministries, according to a survey conducted by the Labor Mini...

Ioana Tudor · 11.11.2011 · 13:50 · 1 min
Technology &Telecoms

Romanian Customs Chief Says Nokia Breached Legislation Demanding Tax Exemptions

Finnish mobile giant Nokia breached legislation by requiring tax exemptions for imports of electronic parts although the products were already assembled and came from outside the EU from cou...

Oana Gavrila · 11.11.2011 · 13:37 · 1 min
Romanian Tax Authority Impounds Nokia’s Romanian Assets For $10M Debt
Technology &Telecoms

Romanian Tax Authority Impounds Nokia’s Romanian Assets For $10M Debt

Romania’s tax authority ANAF impounded Nokia’s assets in Jucu, northwestern Romania, for a $10 million debt the Finnish mobile giant has amassed in unpaid custom taxes, ANAF chief Sorin Blej...

Oana Gavrila · 11.11.2011 · 10:46 · 1 min
Basescu: Romania Aims To Have Zero Budget Deficit In 2013
Social/Politics

Basescu: Romania Aims To Have Zero Budget Deficit In 2013

Romanian President Traian Basescu said Thursday, in a meeting with German businesspeople, that Romania's objective is zero budget deficit in 2013.

Radu Bostan · 10.11.2011 · 19:11 · 1 min
Romania Has Confirmed Its Intention To Join Euro Area By 2015 - Merkel
Macroeconomics

Romania Has Confirmed Its Intention To Join Euro Area By 2015 - Merkel

German Chancellor Angela Merkel on Thursday said in a joint news conference with Romanian President Traian Basescu that Romania has confirmed its intention to join the euro area in 2015, add...

Andrei Cîrchelan · 10.11.2011 · 17:14 · 1 min
Companies

ANAF To Return VAT Worth RON1.4B In November

Romanian fiscal watchdog ANAF on Thursday said it will return value added taxes worth a total 1.4 billion lei (EUR321 million) in November, for discount claims filed before October 25.

Andrei Cîrchelan · 10.11.2011 · 17:14 · 1 min
Cuts Expected At Romania’s 2nd Budget Revision In November
Macroeconomics

Cuts Expected At Romania’s 2nd Budget Revision In November

Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday.

Florentina Dragu · 10.11.2011 · 16:34 · 1 min
Romanian President Woos German Investors With “Large Privatization” Outlook
Energy

Romanian President Woos German Investors With “Large Privatization” Outlook

Romanian President Traian Basescu on Thursday said, after meeting German Chancellor Angela Merkel, that Romania will start a large privatization process, involving thermal power producers Tu...

Andrei Cîrchelan · 10.11.2011 · 16:19 · 1 min
Banks-Insurance

Private Pension Assets To Be Transferred To Conservative Funds 10 Years Before Retirement

Private pension contributions amassed in pension funds on Pillar II (mandatory private pensions) will be transferred to funds with low-risk investments 10 years before the contributor retire...

Oana Gavrila · 10.11.2011 · 15:58 · 1 min