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Romanian Govt Remains Open For Dialogue With Unions; Budget Constraints To Be Further Considered

14:02, 19 Sept. 2010

The Romanian Government remains open for dialogue with unions in order to find the best solutions for their problems, but, at the same time, it will also consider the current budget constraints, the Government said in a press release issued at the end of talks with unionists on Saturday.

Romanian Real Wages Estimated To Drop 3.3% In 2010, To Increase Again No Sooner Than 2013

09:27, 16 Sept. 2010

Romanian real wages are estimated to drop by 3.3% this year, after a 1.5% decrease in 2009, and they will increase again no sooner than 2013, according to the country’s three-year fiscal strategy approved by the Government Wednesday.

Romania To Leave Flat Tax Rate Unchanged At 16% Until 2013

21:28, 15 Sept. 2010

Romanian government plans to keep the flat tax rate unchanged at 16% at least until 2013, according to the country’s three-year fiscal strategy approved Wednesday.

Romania GDP Seen Growing 1.5% In 2011

21:25, 15 Sept. 2010

Romanian government estimates the economy will grow a modest 1.5% in 2011, following two years of recession, according to the country’s three-year fiscal strategy approved Wednesday.

EXCLUSIVE: Romanian Govt Strategy For 2011-2013: Wage Raises Tied To Layoffs

18:46, 15 Sept. 2010

Pay raises in the Romanian public sector will be conditioned on staff cuts and social-economic indicators, while ministers and other officials will be forbidden from granting deductions or new bonuses without special exemption provided by law.

Romanian Govt Pledges To Eliminate Income Tax Exemptions For Computer Programmers

00:02, 11 Sept. 2010

Romania’s Government pledged in its additional Memorandum of Understanding agreed with the European Union to extend the income taxation pool by taxing food vouchers and bank deposit interest, as well as by gradually eliminating income tax exemptions for computer programmers.

Romania Readies Measures For Roma Social Inclusion; Pushes For Free Movement In EU

21:10, 09 Sept. 2010

The Romanian Government plans to take measures for the social inclusion of Roma, which will rely on available European Union funds, and considers that the principle of free movement of European citizens in the EU must be observed, the Executive said in a press release Thursday.

EXCLUSIVE: Romanian Govt Pledges To Keep Pensions Frozen, Sack 90,000 More Public Employees

17:59, 09 Sept. 2010

The Romanian Government stands by its commitment to sack 74,000 public sector employees by the end of 2010, at least 15,000 more in 2011, keep pensions frozen next year and scrap the 13th monthly salary, vacation bonuses and heat subsidies.

EXCLUSIVE: Romania Ups ‘10 Primary Spending Fcast, Cuts Revenue Estimate

15:40, 09 Sept. 2010

Romania's Government revised upward its estimate on primary spending to 131.5 billion lei (EUR1=RON4.2821) this year, from RON130.9 billion previously, according to the additional letter of intent to its International Monetary Fund deal.

EXCLUSIVE: Romania To Cap Monitored Companies’ Losses At RON4B In 2010

15:05, 09 Sept. 2010

Romania's Government has committed in an additional letter of intent to its International Monetary Fund deal to limit to 4 billion lei (EUR1=RON4.2821) the losses of ten of the biggest money-bleeding companies in 2010.

Romanian Govt Pledges To Peg Public Salaries To Private Sector, Cut Bonuses

14:50, 09 Sept. 2010

Romania’s Government pledged, in the new letter of intent to the IMF, to provide fewer bonuses in the unitary wage law, as well as implement a system to correlate the salaries in the public sector with those in the private sector and set them according to each employee’s duties and skills.

Romania Calls On EU To Strengthen Efforts In Tackling Roma Expulsion Issue

14:30, 09 Sept. 2010

Romanian Prime Minister Emil Boc said Romania must call on the European Union to strengthen its efforts in solving the issue of recent expulsions from France of Romanian citizens of Roma ethnicity.

Romanian Healthcare Service Co-Payment System To Be Introduced In Jan 2011

15:34, 08 Sept. 2010

Romanian will introduce the co-payment system for healthcare services in January 2011, Health Minister Attila Cseke said Wednesday.

Romanian Govt: Employers To Withhold, Pay Social Contributions For Copyright Income

15:15, 08 Sept. 2010

The Romanian Government decided in its meeting Wednesday that employers shall withhold, declare and calculate the pension insurance contribution and the contribution to the unemployment fund for their employees’ income from copyright, Labor Minister Ioan Botis said Wednesday.

Romania Govt Approves Letter Of Intent To IMF Deal

15:10, 08 Sept. 2010

Romania's Government Wednesday approved an additional letter of intent to its EUR13 billion loan agreement with the International Monetary Fund, Finance Minister Gheorghe Ialomitianu said.

Romania Government OKs Merger Of Three Electrica Branches

14:50, 08 Sept. 2010

Romanian state-run power distributor Electrica SA received the government’s go-ahead to merge three of its units into a single supplying company, named Electrica Furnizare, according to a Government decision approved Wednesday.

Romanian Employers To Declare, Pay Social Security Contributions For Copyright Income – Draft

19:03, 07 Sept. 2010

Romanian employers will have to withhold, declare and calculate the pension insurance contribution and the contribution to the unemployment fund for their employees’ income from copyright, according to a draft government emergency ordinance.

Romanian PM To Meet With Finance, Labor Ministers For Talks On Fiscal Code, Public Sector Wages

15:31, 07 Sept. 2010

Romanian Prime Minister Emil Boc on Tuesday called for a meeting with the ministers of Finance and Labor, regarding the ordinance amending the Fiscal Code, which will also be discussed with employers’ organizations, people close to the matter told MEDIAFAX.

Romanian Govt To Levy Tax On Employee Bonuses Higher Than RON150

14:06, 06 Sept. 2010

Bonuses paid by employers in Romania to their employees for Christmas, Easter or International Women’s Day (March 8), which exceed 150 lei (EUR1=RON4.2762) will be counted for the purposes of social security contributions, according to a draft Government Ordinance.

Romanian Govt Reshuffling Won’t Affect Disbursement Of New Loan Installment – IMF Official

11:56, 04 Sept. 2010

The chief of the International Monetary Fund mission to Romania, Jeffrey Franks, said Saturday that the reshuffling of the Romanian Government will not affect the disbursement of a new loan installment to Romania and will not lead to higher financing costs.

Romanian Freelancers To Pay Over 25% Of Income For Social Security Contributions As Of 2011– Draft

20:29, 03 Sept. 2010

Romanians who gain income from freelance activities will pay, starting with 2011, social security contributions of at least 25.36% up to 35% of their income, nearly double from the current level of contributions, according to a draft government emergency decree.

Romanian Employers To Pay Social Security Contributions For Copyright Income – Minister

16:33, 01 Sept. 2010

Romania’s Government will change the applicationnorms for Ordinance 58/2010, regarding social security contributions from copyright, so that the employer, and not the employee, will be required to file the statement and pay the contribution, Environment Minister Laszlo Borbely said Wednesday.

Romanian Unionists Reject RON650 Minimum Wage Proposition Made By Govt

19:07, 30 Aug. 2010

Romanian Government representatives proposed a minimum monthly salary of 650 lei (EUR1=RON 4.2326), but unionists rejected the offer, after they had called on the Executive to consider setting the minimum salary at RON675 or RON705.

Romania’s Govt Plans To Amend Labor Legislation, Introduce Postal Voting For Romanians Abroad

18:44, 30 Aug. 2010

Romania’s Government wants to amend the country’s labor legislation, introduce postal voting for Romanians living abroad, simplify privatization procedures and regulate aspects related to the checkup of public purchase contract award procedures.

ECB Slams Romania Again Over Central Bank Salary Cuts

17:01, 30 Aug. 2010

The European Central Bank Monday rebuked Romania for the second time in two months over plans to trim payrolls at the central bank, saying that a proposed amendment to leave the slashed funds at the bank’s disposal is still in direct violation of the central bank independence principle.

Romanian Health Minister Asks For 5,000 New Employees, PM Approves Only 1,000

09:23, 26 Aug. 2010

Romanian Health Minister Cseke Attila asked the Government to unfreeze 5,000 jobs in the public healthcare system, but Prime Minister Emil Boc said that only one in seven vacancies, or 1,000 overall, can be unfrozen at the moment and any changes will have to be negotiated with the IMF.

Romania’s Large Thermal Pwr Plants To Be Resized, Heat Subsidy Eliminated In 2011 – PM

20:26, 25 Aug. 2010

Romania’s major thermal power plants will be resized in 2011, adjusting to city demand, lower after the closing of the larger industrial consumers, while the heating subsidy will be granted only to households with low incomes, Prime Minister Emil Boc said Wednesday on national radio.

Romanian Govt Proposes Draft Wage Law To Increase Salaries By 1% To 20% In 2011

21:34, 23 Aug. 2010

Romanian Government representatives Monday put forward a draft law regarding wages in the public sector, which states salaries in the public sector will be increased by 1% to 20% in 2011.

Romanian Govt To Present New Measures To Boost Economy – PM

15:38, 21 Aug. 2010

Romanian Prime Minister Emil Boc said Saturday at the inauguration of the Lugoj eastern bypass road, southwestern Romania, that, in September, the Government will put forward a series of measures to uphold the country’s economy.

Romanian Govt To Set Up Land Expropriation Fund For Road Construction – PM

14:58, 21 Aug. 2010

Romanian Prime Minister Emil Boc said Saturday that he called on the Government to set up a special land expropriation fund for the construction of roads, as the state can no longer afford to pay for land expropriations, which are very costly.

Romania Govt Unlikely To Change Consumer Loan Act – Sources

18:01, 20 Aug. 2010

Romanian government is not likely to amend the existing law on consumer loans, despite its commitment to the International Monetary Fund to reexamine it and make sure its provisions do not apply retroactively, people familiar with the matter said Friday.

Romanian Govt Discussed Flat Tax Exemptions

16:37, 19 Aug. 2010

Romania’s Government made a list of the activities exempt from the flat tax, including income from agriculture, transfers of real estate, and night clubs and casinos, for which the tax ranges from 2% to 5%, after President Traian Basescu suggested the flat tax should be levied on any type of income.

Romania Govt OKs First Budget Revision Of 2010

18:37, 18 Aug. 2010

Romanian government Wednesday approved the first budget revision of 2010, which includes fund increases for socially protected categories, alongside budget cuts for several ministries.

Romanian Govt Might Seek Conf Vote In Fall To Pass New Labor Code

09:32, 13 Aug. 2010

Romania’s Government might again seek a confidence vote in Parliament, in September or October, to pass a new Labor Code, a social assistance code and the unitary wage law for the public sector, Prime Minister Emil Boc said Thursday.

Romanian Govt Slashes VAT Funds For Local Mayoralties

13:45, 12 Aug. 2010

The sums taken from VAT collections and transferred to Romanian local budgets will be reduced by 2.1 billion lei (EUR1=RON4.2347) in the upcoming budget revision, according to the draft obtained by MEDIAFAX.

Romanian Govt Allots RON500M To Pay State Companies’ Debts To Private Firms

19:42, 11 Aug. 2010

Romania’s Government will allot 1.9 billion lei (EUR1=RON4.2404) to pay the state’s healthcare debts and RON500 million to cover the debts of state companies to firms which are themselves indebted to the budget, Prime Minister Emil Boc said Wednesday.