government

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.

Romanian Social Democrats Not Willing To Rule Country Before Elections – Party Leader

15:14, 11 Iun. 2010
The Romanian Social Democratic Party is not willing to govern the country before elections, if the current Government is overthrown in a no-confidence vote, and will not uphold a minority liberal Government, social democrat leader Victor Ponta told a news conference Friday.

Ford Motor Co Asks Romanian Govt For 1 Yr Extension Of Automobile Craiova Contract – Sources

18:26, 09 Iun. 2010
American carmaker Ford has asked the Romanian Government to extend its investment and production goal deadlines for Romanian car manufacturer Automobile Craiova, due in September 2011, citing recession as the reason behind the one-year postponement.

Romanian Govt Eliminates Early Repayment Fee For Variable-Rate Loans

14:03, 09 Iun. 2010
The Romanian Government decided Wednesday to eliminate the early repayment fee on variable-rate loans, and banks will have 90 days to comply with the new rule, people close to the talks told MEDIAFAX.

Romania Issues 30,000 More Scrapping Vouchers Within Cash For Clunkers Program

13:47, 09 Iun. 2010
Romania has increased the number of scrapping vouchers within its national cash for clunkers program for the third time this year, following higher than expected demand.

Romanian Govt Accepts 5 Amendments To Austerity Laws

11:48, 07 Iun. 2010
Romania’s Government decided Monday to only accept five of the 70 amendments submitted to the two laws which make up the country’s austerity plan.

Romanian PM Sabotaged By His Own Cabinet – President

23:31, 06 Iun. 2010
Romanian President Traian Basescu, Prime Minister Emil Boc, the finance minister and the labor minister met Sunday evening for talks with democrat liberal lawmakers on the austerity plan for which the Government will seek a confidence vote in Parliament Monday.

Romania’s Govt Rejects All Amendments To Draft Laws On Austerity Measures

21:36, 05 Iun. 2010
Romania’s Government rejected all amendments to the draft laws for which it will seek a vote of confidence in Parliament on Monday, and preserved the austerity plan that cuts pensions and state employees’ wages and eliminates luxury pensions, Government spokeswoman Ioana Muntean said Saturday.

Romanian Education Unionists Call On Lawmakers To Vote Against Wage Cut Plan

21:07, 05 Iun. 2010
The Romanian National Education Federation (FEN) addressed an open letter to the country’s lawmakers, calling on them to vote against Government’s austerity measures that cut education sector employees’ salaries.

Romanian Govt Seeks Alternative Spending Cut Solutions Not To Reduce Pensions

20:12, 05 Iun. 2010
Romania’s Prime Minister Emil Boc and the members of his Cabinet met Saturday in an attempt to find alternative spending cut solutions, so that pensions below 1,000 lei (EUR1=RON4.2051) should not be reduced by 15%, people close to the matter told MEDIAFAX Saturday.

Ruling Democratic Union Of Hungarians In Romania Won’t Vote To Overthrow Govt

14:23, 05 Iun. 2010
Romania’s Environment Minister Laszlo Borbely said Saturday that no Democratic Union of Hungarians in Romania lawmaker will vote in favor of the no-confidence motions promised by opposition parties to oust the Government.

Romanian Opp Liberals Willing To Rule Country If Govt Falls – Leader

10:33, 05 Iun. 2010
Romanian Liberal Party leader Crin Antonescu said liberals are willing to rule the country if the current Government is overthrown and no other party assumes such responsibility.

Romanian Ruling Party VP Says Govt To Be Reshuffled Soon

12:47, 04 Iun. 2010
Romanian Democratic Liberal Party vice-president Ioan Oltean told a news conference Friday the cabinet would be reshuffled by the end of June or early July, but didn’t say which ministers would be replaced.

Romanian Opp Social Democrats To Submit Two No-Confidence Motions Against Govt

20:30, 02 Iun. 2010
Romania’s opposition social democrats will file two no-confidence motions against the Government, since the Cabinet will seek the Parliament’s confidence vote twice, both for pension cuts and for public sector wage cuts, party spokesperson Radu Moldovan told MEDIAFAX Wednesday.

Romania’s Decision To Reduce Pensions Meant To Avoid Short-Term Collapse, Problems Not Solved

18:05, 02 Iun. 2010
Romanian presidential adviser Sebastian Lazaroiu said Wednesday, during debates on the country’s pension system, that the authorities’ decision to reduce pensions by 15% is meant to maintain balance and avoid a short-term collapse, adding the measure does not solve pension system problems.