government

Erste: Romanian Disposable Income To Fall 10% In 2010

16:15, 14 Iul. 2010
Romanian disposable income is expected to decrease by around 10% in real terms this year and by 0.8% in 2011, according to an Erste Bank report released Wednesday.

Romania To Reduce VAT If Feasible Alternative Measure Found, Taxing Pensions Not Enough – PM

17:30, 11 Iul. 2010
Romanian Prime Minister Emil Boc said Sunday the value added tax can be reduced only if authorities find other means to cover the revenues brought to the state budget by the 5-percentage point VAT increase, adding taxing pensions is not enough.

Romanian Authorities Might Consider Taxing High Pensions Progressively – Environment Min

20:26, 10 Iul. 2010
Romania’s Environment Minister Laszlo Borbely told MEDIAFAX Saturday that authorities might consider taxing high pensions progressively starting this fall, adding that decisions in this respect depend, to a great extent, on the country’s economic situation.

Romanian Govt, President Agree To Restructure Public Bodies By September 1

23:28, 09 Iul. 2010
Romanian Prime Minister Emil Boc said Friday that September 1 is the deadline agreed with President Traian Basescu by which the restructuration of state institutions must be completed.

Romanian Senate Chairman Calls On Govt To Come Up With Anti-Flood Strategy

15:03, 09 Iul. 2010
Romanian Senate Chairman Mircea Geoana said Friday that the Government must urgently present before Parliament a multiannual strategy to combat flooding, since such incidents may happen in the fall.

Romania’s Govt Decides To Reduce State Secretary, Deputy Prefect Positions

10:37, 08 Iul. 2010
Romania’s Government has decided to reduce to two the number of state secretaries in each ministry, except those of Interior, Foreign Affairs and Finance, which will have three secretaries of state, Prime Minister Emil Boc said Wednesday.

Romania’s Govt Cuts About 2,000 Positions In Local Work Departments

10:36, 08 Iul. 2010
Romania’s Government decided Wednesday to cut about 2,000 positions in local work departments and 307 positions within the Labor Ministry, people close to the matter told MEDIAFAX.

Romanian Govt To Keep Taxes On Multiple Homes, Large Cars At New Level In 2011

14:20, 05 Iul. 2010
Romania’s Government intends to keep the taxes hiked on July 1, levied on cars with engines larger than 2,000 cc and on owners of multiple homes, at their new level in 2011 as well, eyeing around 500 million lei (EUR1=RON4.2613) in revenue.

Romanian Govt To Evaluate Flood Damage, Access EU Solidarity Fund By July 15

12:12, 05 Iul. 2010
Romania’s Government will evaluate the damage caused by the floods and will submit the relevant documents to access the European Union’s Solidarity Fund by July 15 at the latest, Prime Minister Emil Boc announced Monday.

Romanian Govt Ordinance Enforces 20% Food Expense Cut For Institutionalized Children, Prisons Exempt

16:56, 01 Iul. 2010
An emergency ordinance issued by Romania’s Government says that food funds for institutionalized children and people with disabilities will see a 20% cut, while the rations budget for prison inmates is exempt from the cut.

Romania Hikes Tax On Owners Of Multiple Homes

11:20, 01 Iul. 2010
The Romanian Government decided in its meeting Wednesday that owners of multiple homes would pay 65%, 150% and 300% more on the yearly home tax, set in ratio with the number of homes owned.

Romanian Govt To Lay Off 55,000-60,000 Public Sector Employees – Sources

08:50, 01 Iul. 2010
Romania’s Government decided Wednesday to lay off between 55,000 and 60,000 public sector employees, most from local administration bodies (around 54,000) and the rest from the ministries of Interior, Labor, Education and Agriculture, people close to the matter told MEDIAFAX.

Romania Flood Death Toll Rises To 22, About 7,000 People Evacuated

14:59, 30 Iun. 2010
Flooding in Romania in recent days has claimed the lives of 22 people and about 7,000 others were forced to flee their homes to safety, according to data presented Wednesday during the Government meeting

Romanian Govt To Discuss Flood Relief Measures Wednesday – Deputy PM

15:02, 29 Iun. 2010
Romania’s Government will discuss flood relief measures Wednesday, with a focus on preventing further casualties and protecting the inhabitants of towns and villages currently at risk, Deputy Prime Minister Marko Bela said Tuesday.

Romanian Opp Social Democrats To Challenge Govt’s VAT Hike Decree With Ombudsman

14:34, 28 Iun. 2010
Romania’s opposition Social Democratic Party will challenge with the Ombudsman the Government’s emergency decree that hikes the value added tax (VAT) from 19% to 24%, Adrian Nastase, head of the party’s national council, said Monday.

Romanian Govt Agencies Not Required By EU Or Created Through Laws To Be Downgraded

17:21, 26 Iun. 2010
Romanian government agencies which were not created on the basis of European Union directives or through organic laws will be converted into ministry departments, while public bodies under the authority of ministries will be directed by a single structure.

VAT Hike Accepted By IMF, Will Add RON3.5-4B To Budget – Romanian Fin Min

14:34, 26 Iun. 2010
Romanian Finance Minister Sebastian Vladescu said Saturday the VAT hike has already been agreed upon with the International Monetary Fund and is expected to provide 3.5-4 billion lei (EUR1=RON4.2808) to the state budget, allowing the country to meet the 6.8% of GDP budget deficit target.

Romanian Govt To Hike VAT To 24%, From 19% – Sources

13:07, 26 Iun. 2010
Romania’s Government has decided to increase VAT from 19% to 24%, leaving the flat tax as it is, and will also ask the Parliament to hurry the application of the bills reducing public sector salaries and recalculating special pensions, people close to the matter told MEDIAFAX on Saturday.

Romania’s Govt To Disclose Alternative Austerity Plan After Talks With IMF, WB – Interior Min

18:08, 25 Iun. 2010
Romanian Interior Minister Vasile Blaga said Friday that the Government will bring out its alternative austerity plan after discussions with the International Monetary Fund and the World Bank.

Romania Ctrl Bk: Tax Hikes Not Enough To Reduce Deficit

17:12, 25 Iun. 2010
Romanian economy may temporarily benefit from raised taxes, but such a measure will be insufficient to reduce the budget deficit to 6.8% of the gross domestic product, a central bank official said Friday.

Romanian Opp Social Democrats Might Try To Oust Govt Against During Current Parliament Session

14:59, 25 Iun. 2010
Romanian social democrat leader Victor Ponta said Friday that he considers submitting a second no-confidence motion against the Government during the current Parliament session, if there is no other way to “free” Romania from Prime Minister Emil Boc’s “scourge”.

Constitutional Court Ruling Blocks Implementation Of Govt Austerity Plan

13:18, 25 Iun. 2010
The Romanian Constitutional Court’s Friday ruling, rejecting certain articles of the austerity plan, leaves the Government unable to apply any of the measures provided by the bills, as they must return to Parliament to be made to agree with the Constitution.

Romania PM: Bills Slashing Public Spending Are Constitutional, Govt Awaits Court Ruling

11:50, 24 Iun. 2010
Romania’s Prime Minister Emil Boc on Thursday said the bills slashing public spending, for which the Government asked the lawmakers’ confidence vote, are constitutional and the Executive expects the Constitutional Court ruling on their constitutionality.

Romania’s Tax Evasion Decree Published In Official Journal, Enters Force

11:05, 24 Iun. 2010
Romania’s emergency decree aiming to fight tax evasion, which drops plans to apply VAT on intra-EU trade and reintroduce excises on luxury items, has entered force after it was approved by the Government and was published in the Official Journal.

Romanian Freelancers To Pay Social Security Contributions

18:34, 23 Iun. 2010
Romanians who gain income from freelance activities will pay a 16.5% social security contribution, as any other employee, but only for sums that amount to five average gross salaries per year, namely 10,000 lei (EUR1=RON4.2234), Finance Minister Sebastian Vladescu said Wednesday.

Romania Govt Ups State Cos’ Budget Contribution To 90% Of Tax On Profit

18:18, 23 Iun. 2010
Romania’s government Wednesday raised the amount state-run companies and self-managed boards are required to contribute from their profits to the state budget to 90% from 50% previously, Prime Minister Emil Boc said.

Romania Govt OKs Tax Base Expansion As Of July 1

16:09, 23 Iun. 2010
Romania’s Government Wednesday approved an ordinance amending the Fiscal Code, introducing a series of additional taxes and duties to be levied as of July 1, people familiar with the matter told MEDIAFAX.

Romanian Govt, Central Bank To Discuss Economic Relaunch Measures Next Monday

15:17, 21 Iun. 2010
Romania’s Government will meet with central bank official next week on Monday to analyze a plan of measures aiming to restart the economy, Environment Minister Laszlo Borbely told a news conference Monday.

Romanian President Discusses Govt Reshuffle With Democrat Liberal Leaders

09:27, 21 Iun. 2010
Romanian President Traian Basescu met Sunday with the national and local leaders, lawmakers and MEPs of the country’s ruling democrat liberals to discuss a Cabinet reshuffle.

Romania To Tax Meal, Gift, Nursery, Vacation Vouchers As Of July 1, 2010

16:07, 18 Iun. 2010
Meal, gift, nursery and vacation vouchers, as well as compensatory payments, will all be taxed as of July 1, when the Romanian Government is set to enforce the recent amendments to the country’s Tax Code, which target to expand the taxation pool.

Romanian Govt Postpones Payment Of Revolutionaries’ Indemnities For 2012-2014

17:38, 17 Iun. 2010
Romania’s Government decided that social benefits for December 1989 revolutionaries will be postponed and paid in installments during the 2012-2014 interval, but the decision will not affect current payments.

Romanian Govt Sets RON8,000 Wage Cap For State-Run Companies’ Employees

10:24, 17 Iun. 2010
Romania’s Government decided to set at 8,000 lei (EUR1= RON4.2254) the maximum wage cap for employees of state-run companies, and 90% of the sum that exceeds this ceiling will go to a solidarity fund, people with direct knowledge of talks told MEDIAFAX late Wednesday.

Romanian Govt To Cut Spending In Ministries, Govt Agencies, Mulls Sacking State Secretaries

09:50, 17 Iun. 2010
Romania’s Government will halve spending on phone bills, travels, fuels and office supplies in all its institutions and agencies, along a 20% spending cut on goods and services and a 25% cut in wages and staff numbers, people close to the talks told MEDIAFAX Wednesday.

Romanian Govt Adds Eight New Substances To Banned Hallucinogenic Product List

20:21, 16 Iun. 2010
Romania’s Government approved Wednesday a decision whereby eight other substances have been added to the list of banned hallucinogenic plants and products.

Romania’s Recently Adopted Austerity Plan Challenged With Constitutional Court

16:25, 16 Iun. 2010
Romanian Liberal Party Wednesday challenged with the Constitutional Court the Government’s two spending cut laws aimed to bring the country’s economy on track, in a move to prevent the enforcement of the drastic social measures they entail.

Romanian Govt Lends RON1.5B To Mayoralties To Pay Overdue Debts To Suppliers

11:18, 16 Iun. 2010
The Romanian Government will lend mayoralties up to 1.5 billion lei (EUR1=RON4.2322) in 2010, using privatization proceeds, which will allow mayoralties to pay debts due on December 31, 2009 to suppliers of public works and services.

Romania’s Centrist Govt Survives Opposition’s No-Confidence Motion

18:25, 15 Iun. 2010
Romania’s centrist democrat liberal Government stays in office after surviving the opposition’s no-confidence motion, which received 228 votes in Parliament on Tuesday but required 236 to pass, and may enforce its unpopular austerity plan.

Romanian Unionists Cease Protests Outside Parliament, Rallies To Follow If Austerity Plan Approved

17:51, 15 Iun. 2010
Romanian unionists, who gathered outside Parliament headquarters to support the opposition’s no-confidence motion, ended their protests at about 3.30 p.m. and decided to unblock the streets nearby the Parliament.

Interior Minister Says Romania Needs A New IMF Loan Agreement

14:04, 13 Iun. 2010
Romania’s democrat liberal Interior Minister Vasile Blaga told an interview for Pro Tv that he thinks Romania needs to conclude a new agreement with the International Monetary Fund, which implies a new loan, but stressed, however, that the issue hasn’t been discussed by Government members.

Romanian Interior Minister Says Govt Ought To Resign If Obliged To Hike Taxes

19:46, 12 Iun. 2010
Romania’s democrat liberal Interior Minister Vasile Blaga said in an interview for Pro Tv that the opposition social democrats’ no-confidence motion stands no chance to pass in Parliament and that the Government run by democrat liberal Prime Minister Emil Boc ought to resign if obliged to hike taxes.