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Macroeconomics

Basescu Says VAT Increase ‘A Political Error’

Romanian President Traian Basescu on Thursday said that raising the value added tax rate to 24% from 19% was a “political error” that delayed the country’s exit from recession by at least si...

Florentina Dragu · 19.05.2011 · 13:41 · 1 min
Boagiu: One Lane Of Basarab-Constanta Highway Section Opened In July
Automotive

Boagiu: One Lane Of Basarab-Constanta Highway Section Opened In July

One lane on the Basarab-Constanta section of the Bucharest-Constanta highway in Romania, as well as Constanta's ring-road, will be opened to traffic in July, Transport Minister Anca Boagiu s...

Radu Bostan · 19.05.2011 · 13:32 · 1 min
Social/Politics

Basescu Advocates Administrative Reorganization

Romanian President Traian Basescu said Thursday he hopes a solution regarding the country’s administrative reorganization will be taken in 2012.

Ioana Tudor · 19.05.2011 · 13:27 · 1 min
Social/Politics

Basescu Supports Plan To Reduce Number Of Heating Aid Beneficiaries

Romanian President Traian Basescu supports the government’s plan to eliminate heating subsidies and direct such aid only to disadvantaged categories.

Ioana Tudor · 19.05.2011 · 13:10 · 1 min
Basescu Says Parliament Decides On Bucharest’s Administrative Organization
Social/Politics

Basescu Says Parliament Decides On Bucharest’s Administrative Organization

Romanian President Traian Basescu said Thursday a referendum on the administrative organization of Bucharest is not needed, as the Parliament is the body to decide whether the capital will c...

Ioana Tudor · 19.05.2011 · 12:47 · 1 min
Banks-Insurance

Basescu: New IMF Loan Deal Is 100% A Romanian Government Program

President Traian Basescu on Thursday dismissed any claims that the International Monetary Fund would be a "God's whip" above the Romanian Parliament and Government, insisting the local autho...

ZF English · 19.05.2011 · 12:28 · 1 min
Social/Politics

Tourism Ministry: Unclassified Hotels Will Face Higher Fines

Romanian accommodation establishments which do not have classification certificates or operate without valid licenses will face higher fines, according to a decision on tourism certification...

Ioana Tudor · 19.05.2011 · 10:49 · 1 min
Social/Politics

Romania To Set Up Coast Guard

Romania's Government on Wednesday approved the creation of the Coast Guard, which will operate in the Black Sea, on the Danube and in the Delta.

Radu Bostan · 18.05.2011 · 20:11 · 1 min
Social/Politics

Green House Program To Resume In June

Romania's "Green House" program will be reopened to individuals on June 1, Environment Minister Laszlo Borbely announced Wednesday.

Radu Bostan · 18.05.2011 · 17:15 · 1 min