The new pollution tax, which came into force on January 1, and the raised VAT (24%) could generate around 450 million euros in revenues to the state budget, according to a ZF analysis. read more...

The growth rate of revenues collected from VAT slowed down by nearly half in December against November, the lowest growth rate recorded after the VAT was raised by five percent. read more...

International apparel retailers, especially discount ones, have expanded further over the past two years despite the shrinking shopping budgets, so that 17 of the largest store networks at European level have come to operate 175 stores in Romania, reveals a ZF survey. read more...

Fondul Proprietatea (Property Fund-FP) shareholders are due to approve on April 29 the distribution of 2010 profit in the form of dividends during the general meeting of shareholders. read more...

Hochland Romania, the biggest dairy producer domestically, believes falling consumption will further impact the domestic market in the coming months, with upbeat estimates pointing only to stagnation for the entire year. read more...

The floatation of Fondul Proprietatea on the Bourse, on January 25, managed to give the market a boost and bring significant gains to all participants, from brokerages, to the BSE and CNVM. read more...

Businessmen Klaus Reisenauer and Kurt Wagner, shareholders of real estate developer Oasis Development, have an investment budget of around 80m euros for this year to build a mall in Oradea and another five small shopping centres in Alexandria, Adjud, Aiud, Sebeş and Satu Mare, with five of these projects having Kaufland among tenants. read more...

2011 started off on the wrong foot for Mobexpert and Elvila, the strongest Romanian retailers in the furniture industry, with January failing to bring the hoped-for sales. read more...

Traffic on one of Bucharest subway routes was temporarily halted Sunday morning as a woman threw herself on the track and was hit by a train, subway company Metrorex manager Gheorghe Udriste told Mediafax. read more...

A 53 year-old man in Bistrita Nasaud, northern Romania, who had been diagnosed with AH1N1 flu, died in hospital Friday night. read more...

Hotel prices in Romanian seaside resorts will drop up to 10% this year, National Agency of Tour Operators (ANAT) president Corina Martin said Saturday at a meeting on tourism held in Black Sea shore resort Mamaia. read more...

Romanian Tourism and Regional Development Minister Elena Udrea said Saturday she wants to ask banks to grant preferential loans for investments in the tourism sector. read more...

The Romanian Government approved an ordinance whereby wage bonuses granted to managers of national companies in 2011 will be kept at last year’s level, Prime Minister Emil Boc said Friday evening. read more...

Romania's Government on Friday approved the emergency ordinance which changes the way the pensions of former military personnel are calculated, people close to the matter told MEDIAFAX. read more...

Romania's Government will spend around 1.2 million lei (EUR1=RON4.2571), without VAT, to carry out a national survey on around 15,000 people, who will be given RON15 each and asked for their opinion on the Executive's policies, the effects of the crisis and their standard of living. read more...

Only 4.2% of Romanians with disabilities have a job, which places Romania on the last position in the European Union, according to a report presented Friday. read more...

PM Boc assured on Friday his Croatian counterpart, Jadranka Kosor of Romania’s support for Croatia to join the EU, Romanian news agency Agerpres informs. read more...

Romania’s leu strengthened against the euro in mid trade Friday, fueled by higher volumes, and the central bank’s reference gained over 0.2% on the day at 4.271 units, from 4.2675 units Thursday. read more...

The Schengen Area evaluation group (Sch-Eval) on Friday adopted the technical report on Romania’s Schengen accession, people close to the matter told MEDIAFAX. read more...

Romania’s Government will hold a Cabinet meeting Friday evening to approve an emergency decree on the recalculation of military pensions, people close to the matter told MEDIAFAX. read more...