Expats

Romania requests aid from the EU because of severe flooding which killed 20 people [Jun 30, 2010] BUCHAREST, Romania - Authorities say the death toll from a week of severe flooding in Romania has risen to 20, and they are asking for aid from the European Union's Solidarity Fund to help repair damaged roads, crops and houses. [via YahooNews] More >>

Romania request EU aid in flooding crisis [Jun 30, 2010] Romanian authorities said today that they are requesting aid from the European Union's Solidarity Fund following severe flooding which killed 20 people in one week and destroyed roads, crops and houses. [via YahooNews] More >>

Romania requests aid from the EU [Jun 30, 2010] BUCHAREST, Romania - Authorities say the death toll from a week of severe flooding in Romania has risen to 20, and they are asking for aid from the European Union's Solidarity Fund to help repair damaged roads, crops and houses. [via YahooNews] More >>

Romania offers to raise tax to 24 percent [Jun 26, 2010] Romania's prime minister says he will raise the country's sales tax to 24 percent but will not touch income tax in an effort to keep a multibillion dollar loan from the International Monetary Fund on track. International Monetary Fund - Income tax - Romania - Prime minister - European Union [via YahooNews] More >>

(AFX UK Focus) 2010-06-26 11:34 Romania govt to raise VAT to 24 pct-govt source [Jun 26, 2010] BUCHAREST, June 26 (Reuters) - Romania's centrist coalition government decided on Saturday to raise its value added tax to 24 percent from 19 percent in a move to address its large budget deficit and keep IMF-led aid alive, a cabinet source said. The source also said the government will maintain its flat tax on income and profit at 16 percent. The VAT hike comes one day after the European Union ... [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 11:08 Romania court rules pension cuts illegal - judge [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's Constitutional Court ruled planned pension cuts, part of a key austerity package, were unconstitutional, court judge Acsinte Gaspar told Reuters on Friday. Disbursement of about 2 billion euros in aid from the International Monetary Fund and the European Union depended on the court's approval of a government move to slash state wages by a quarter and cut ... [via YahooNews] More >>

Romania court rejects cuts [Jun 25, 2010] BUCHAREST - ROMANIA'S top court rejected some parts of a key austerity package related to pensions on Friday, endangering an IMF-led aid deal, local news agency Agerpres reported, citing judicial source. Disbursement of about 2 billion euros (S$3.4 billion) in aid from the International Monetary Fund and the European Union depended on the court's approval of a government move to cut state wages ... [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 10:12 INSTANT VIEW 4-Romania court rules some cuts illegal-agency [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's Constitutional Court rejected some parts of a key austerity package related to pensions on Friday, endangering a vital IMF-led aid deal, local news agency Agerpres reported, citing judicial sources. Disbursement of about 2 billion euros in aid from the International Monetary Fund and the European Union depended on the court's approval of a government move ... [via YahooNews] More >>

FACTBOX-Key political risks to watch in Romania [Jun 11, 2010] Source: Reuters By Sam Cage BUCHAREST, June 11 (Reuters) - Recession-hit Romania, the European Union's second-poorest member, is having to take increasingly tough measures to stick within strict International ... [via YahooNews] More >>

Romania sees Georgia extremely important for EU energy security [Jun 03, 2010] Romanian President Traian Basescu said on Wednesday that Georgia can become an extremely important country for the European Union energy security. Georgia, through its position, doubled by a wise policy related to the transit costs, can become an extremely important country for the creation of alternative solutions in the field of the EU energy supplies, either natural gas, or crude oil, said ... [via YahooNews] More >>

(AFX UK Focus) 2010-05-10 17:26 Romania broadly meets aid terms, EU says [May 10, 2010] BRUSSELS, May 10 (Reuters) - Romania has broadly met conditions for aid from the European Union but needs to make further progress on fiscal reforms, the European Commission said on Monday. The EU executive's comments follow a joint mission to Bucharest by the EU and International Monetary Fund which extended a 20-billion-euro ($26.83-billion) aid package to Romania last year. "Taking into ... [via YahooNews] More >>

IMF loan 'saved' Romania, but economy still sagging: analysts [May 09, 2010] (BUCHAREST ) - A bailout deal signed a year ago with the IMF and the European Union "saved" Romania from bankruptcy, but its economy is still sagging for lack of reforms, analysts say. [via YahooNews] More >>

(AFX UK Focus) 2010-05-02 12:31 Romania missed some IMF targets, aid not at risk-FinMin [May 02, 2010] BUCHAREST, May 2 (Reuters) - Romania has missed some targets agreed with the IMF earlier this year in exchange for aid and talks with the Fund were "complicated", but the aid package was not at risk, Finance Minister Sebastian Vladescu said on Sunday. A mission of the Washington-based lender is in Bucharest until May 7 to review the European Union state's progress in meeting conditions of its 20 ... [via YahooNews] More >>

(AFX UK Focus) 2010-05-02 12:31 Romania missed some IMF targets, aid not at risk-FinMin [May 02, 2010] BUCHAREST, May 2 (Reuters) - Romania has missed some targets agreed with the IMF earlier this year in exchange for aid and talks with the Fund were "complicated", but the aid package was not at risk, Finance Minister Sebastian Vladescu said on Sunday. A mission of the Washington-based lender is in Bucharest until May 7 to review the European Union state's progress in meeting conditions of its 20 ... [via YahooNews] More >>

Romania rallies behind Moldova EU bid [Apr 27, 2010] (BUCHAREST ) - East European neighbours Romania and Moldova on Tuesday set up a strategic partnership to boost Chisinau's bid to join the European Union, Romanian President Traian Basescu said. [via YahooNews] More >>

Police in Romania arrest leaders of child-trafficking operation in UK [Apr 08, 2010] The leaders of a child-trafficking operation that put hundreds of beggars on the streets of Britain were targeted in a series of raids today in a remote Romanian town where opulent mansions have sprung up since the country joined the European Union. [via YahooNews] More >>

Hungary, Romania Reduce Key Rates After Risk Premium Declines (Bloomberg) [Mar 29, 2010] March 29 (Bloomberg) -- Hungary and Romania cut the two highest benchmark interest rates in the European Union to record lows to steer their economies toward growth as concern about Greek contagion ebbed. [via YahooNews] More >>

(AFX UK Focus) 2010-03-25 14:10 UPDATE 1-Romania 2-mo govt deficit jumps to 1.1 pct/GDP (Interactive Investor) [Mar 25, 2010] BUCHAREST, March 25 (Reuters) - Romania's consolidated budget deficit jumped to 1.1 percent of gross domestic product at the end of February, raising pressure on the government which must meet a quarterly cap agreed with international lenders. Under Romania's 20 billion euros aid package led by the International Monetary Fund, the European Union state has committed to slash its budget shortfall ... [via YahooNews] More >>

(AFX UK Focus) 2010-03-23 20:16 Romania may see growth in 2nd qtr-economy minister (Interactive Investor) [Mar 24, 2010] BUCHAREST, March 23 (Reuters) - Romania could see small quarterly growth in the second quarter of this year, supported by higher industrial output, Economy Minister Adriean Videanu said on Tuesday. His comments support estimates made earlier this year by the International Monetary Fund, which revived the European Union state's 20 billion euros aid package last month. Data released earlier this ... [via YahooNews] More >>

(AFX UK Focus) 2010-03-23 20:16 Romania may see growth in 2nd qtr-economy minister (Interactive Investor) [Mar 23, 2010] BUCHAREST, March 23 (Reuters) - Romania could see small quarterly growth in the second quarter of this year, supported by higher industrial output, Economy Minister Adriean Videanu said on Tuesday. His comments support estimates made earlier this year by the International Monetary Fund, which revived the European Union state's 20 billion euros aid package last month. Data released earlier this ... [via YahooNews] More >>