government

Romanian Govt To Up Clunkers Program Budget By 60,000 Scrapping Vouchers

08:22, 26 Mai 2011
Romania’s Government will supplement the budget for the country’s cash for clunkers program by 60,000 scrapping vouchers, Environment Minister Laszlo Borbely said Wednesday, at the end of the Cabinet meeting.

Romanian Govt Postpones Decision On Car Tax Changes

20:21, 25 Mai 2011
Romania’s Government has postponed a decision to change the car tax and will first draw up an impact analysis and discuss the matter within the ruling coalition, people close the matter told MEDIAFAX Wednesday.

Romanian Government Ups Staff Spending By 5% In Election Year 2012 – Bill

15:13, 25 Mai 2011
The Romanian Government will increase staff spending by 5% in election year 2012, above the cap set for this year, to 42.59 billion lei (about EUR10.33 billion) or 7.2% of the gross domestic product, one percentage point above inflation and economic growth estimates.

Self-Employed Romanians May Hire Other People As Workers

21:02, 19 Mai 2011
Self-employed Romanians will be allowed to hire other people for their activity, with employment contracts, as per a new government emergency ordinance.

Romania To Amend Car Pollution Tax, Following CJEU Ruling

18:58, 18 Mai 2011
Romania's Government has decided to amend the car pollution tax again in a few weeks, after the Court of Justice of the European Union (CJEU) judged it in violation of community legislation.

Romanian Govt Coalition May Discuss Replacing PM – Sources

13:44, 16 Mai 2011
Romania’s ruling coalition will hold a meeting Tuesday and might discuss whether to replace Emil Boc as prime minister following his reelection as head of the ruling Democratic Liberal Party, people close to the matter said Monday.

Romanian Govt Pledges Over 7000 Job Cuts In Railway, Energy, Postal Co

14:19, 15 Mai 2011
Romania's government has pledged to cut more than 7000 jobs in state railway companies, energy suppliers and the national postal company, while lowering their running costs through renegotiated contracts, says the letter of intent to a EUR3.6 billion loan agreement with the IMF.

Romania Pledges To Slash Heating Aid By End-August

14:16, 15 Mai 2011
Romania's government committed in the letter of intent to the International Monetary Fund to eliminate the thermal energy subsidy by the end of August at the latest and direct such aid only to disadvantaged categories.

Romanian Govt Promises To Hike Train Ticket Prices By More Than Inflation

14:06, 15 Mai 2011
Romania's Government has promised the International Monetary Fund that, by the end of August, it will amend legislation to allow state-owned transport companies CFR Calatori and Metrorex to increase their fees by more than the rate of inflation.

Romania Must Amend Newly Adopted Labor Laws By This Fall

12:52, 15 Mai 2011
The Romanian Government must extend the period over which overtime can be rewarded with paid time off to 90 days, from 60 days as stated in the country’s recently adopted labor laws, says the memorandum of understanding agreed upon with the European Commission.

Self-Employed Romanians May Hire Other People As Workers – Draft

12:49, 15 Mai 2011
Self-employed Romanians will be allowed to hire other people for their activity, with employment contracts, according to a draft government emergency ordinance.

Romania Gives Up Plans To Shut Down Oltchim If Privatization Fails

13:31, 13 Mai 2011
Romania's Government gave up its plans to shut down chemical plant Oltchim Ramnicu-Valcea (OLT.RO) if privatization procedures should fail in 2011, according to the country’s letter of intent to a EUR3.6 billion loan agreement with the International Monetary Fund.

Romania To Modernize 16 Train Stations For EUR280M

09:01, 12 Mai 2011
Romania will modernize 16 train stations within a program worth a total EUR283 million, the Government decided Wednesday.

Romania Vows Quick Privatization Or Liquidation For Oltchim – Draft

20:43, 10 Mai 2011
Romanian chemical company Oltchim (OLT.RO) will be liquidated if the government fails to privatize it by the end of the year, according to the draft letter agreed on May 3 between local authorities and the International Monetary Fund.

Romania Vows Before IMF To Slash Heating Aid, Bills May Soar

13:09, 10 Mai 2011
Romania's government committed in the latest talks with the International Monetary Fund to eliminate the thermal energy subsidy in the near future, which could increase household heating bills by up to 60% by the end of the year, depending on the mayoralties' capacity to cover the difference.

Romania, EU To Discuss Local Fuel Market Probe Results, Measures

15:10, 08 Mai 2011
Romania will most likely complete its fuel market probe and conclusions in the second half of this year, after talks with the European Commission, people close to the matter told MEDIAFAX.

Romania, IMF Agree On New Deal Letter Of Intent

16:10, 07 Mai 2011
Romanian authorities and the International Monetary Fund have reached an agreement on the Government's course of action outlined in the follow-up deal's letter of intent, people close to the matter told MEDIAFAX on Saturday.

Romania’s Population Expected To Decrease In Next Four Yrs

16:07, 03 Mai 2011
The Romanian Government estimates Romania’s population will decrease by over 200,000 people in the next four years, to 21.1 million in 2015 from 21.3 million in 2011.

Romania To Set Up Investment Fund For Profitable SMEs With Cash Problems

14:57, 01 Mai 2011
Romania's Government will create an investment fund, fed by the National SME Loan Guarantee Fund, the Romanian Counterguarantee Fund and Eximbank, to finance profitable SMEs with temporary cash problems, and will also work out a system to finance small unlisted companies.

Romania, Bechtel Negotiating Deadline Past 2012 For Transylvania Hwy – Sources

14:35, 01 Mai 2011
Romania's Transport Ministry and public road authority CNADNR have begun negotiations with Bechtel on a new calendar for the construction of the Transylvania Highway, with new deadlines past the current December 2012.

Romanian State Co Managers Must Show Performance Or Be Fined, Sacked

19:03, 29 Apr. 2011
Romanian autonomous administrations and state companies will be required to inform the Finance Ministry about their financial indicators, monthly or quarterly, while managers will be fined or sacked if their companies fail to meet certain performance criteria.

Romanian Govt Adopts National Reform Program For 2011-2013

14:48, 29 Apr. 2011
Romania's Government has adopted the National Reform Program for 2011-2013, a document comprising economic recovery and employment measures, and which transposes the objectives of the Europe 2020 Strategy into national legislation.

Eurostat Team Visits Romania For Talks On 2010 Deficit

15:42, 27 Apr. 2011
A team of European Union’s statistical arm Eurostat will arrive in Bucharest at the end of the month to hold talks on the country’s budget for 2010, a Finance Ministry official said Wednesday.

Romania To Set New Euro Adoption Target By End-April – PM

11:42, 26 Apr. 2011
Romania’s Government will decide on a new euro-adoption calendar by end-April, after talks with the president and the central bank, Prime Minister Emil Boc said Tuesday.

Amended Romanian Public-Private Law Punishes Tender Contestation Losers

13:57, 25 Apr. 2011
Companies will no longer have to provide a 2% guarantee in order to contest a Romanian tender for a public-private partnership contract, but a guarantee of 1% of the contract's estimated value will be a condition for participation.

Romanian FDI Seen Rising To EUR5.8B In 2014

13:55, 25 Apr. 2011
The Romanian government estimates foreign direct investments will increase to EUR5.8 billion in 2014, from EUR3.6 billion predicted for this year, according to the draft convergence program for 2011-2014.

Tax Increases Could Shadow Romania Private Consumption Recovery

13:53, 25 Apr. 2011
Romanian private consumption is set to pick up in the coming period, following sharp reductions in the previous years, but recovery could lag behind due to possible tax increases and higher global prices for oil and food items, according to the draft convergence program for 2011-2014.

Romania Amends Law On Public-Private Partnership – Sources

15:48, 20 Apr. 2011
The Romanian Government amended the law on public-private partnerships (PPP), after the European Commission warned Romanian authorities that the normative act breaches EU legislation, people close to the matter told MEDIAFAX Wednesday.

Romanian Govt To Subsidize Purchase Of Electric, Hybrid Cars

14:17, 20 Apr. 2011
Romania's Government will encourage the purchase of electric and hybrid cars with price discounts of 20% and 10%, respectively (up to EUR3,700 or EUR1,800, respectively), Environment Minister Lazlo Borbely announced Wednesday.

Romanian Health Ministry’s Budget Raised by RON6.2M For Stem Cell Donors Registry

14:02, 20 Apr. 2011
The budget of the Romanian Health Ministry has been raised by 6.2 million lei (EUR1=RON4.0858) and its staff numbers by 24 people to ensure the functioning of the country’s stem cell donors registry, Prime Minister Emil Boc said after the Cabinet meeting Wednesday.

Romanian Govt Expects RON8.8B Revenue From Stricter Fiscal Inspections

13:40, 17 Apr. 2011
Romania's Government expects to collect 8.8 billion lei (EUR1=RON4.0966) over the next three years from stricter controls on "high fiscal risk taxpayers," plus RON160 million from taxes on high wealth.

Romania Might Be Affected By New Recession, Caused By Japan Earthquake – Govt

13:21, 17 Apr. 2011
Economic recovery is difficult and overdue, while the effects of the earthquake in Japan raise new concerns about the global recession that can affect Romania, given the "climate of psychosis around cataclysms," which can impact markets, says the Government's fiscal strategy.

Romanian Govt To Reduce Budget Gap In 2012-2014 Through Layoffs

13:15, 17 Apr. 2011
Romania's Government will reduce the budget deficit over the next three years through layoffs, suspending payment of the 13th salary and holiday bonuses, as well as freezing the hierarchical coefficients provided by the public sector wage law.

Romanian Govt Considers Paying Court-Won Wage Rights In Smaller Tranches

12:58, 17 Apr. 2011
The Romanian Government considers reducing the tranche to be paid next year to public sector employees who won salary rights in court to 5% from 34%, according to a draft fiscal strategy for 2012-2014 obtained by MEDIAFAX.

Romanian Govt To Reduce Social Contributions, Keep Flat Tax, VAT Unchanged Until 2014

12:41, 17 Apr. 2011
The Romanian Government will reduce social security contributions by two percentage points in the second half of 2011 and will keep the flat tax and the value added tax unchanged in the next three years.

Romanian Govt To Assign RON35B To Investments This Year, RON45B In 2012

14:36, 15 Apr. 2011
Romania’s Government will assign 35 billion lei (EUR1=RON4.0966) for investments this year and the sum will be increased to RON45 billion next year, Prime Minister Emil Boc told a news conference Friday.

Romanian PM: Govt To Deregulate Energy Mkt According To Calendar

20:43, 13 Apr. 2011
Romania's Government will deregulate its energy market by 2015, following a calendar agreed upon with the International Monetary Fund and the European Commission, Prime Minister Emil Boc said Wednesday.

Romanian Govt To Shut Down Illegal Buildings On Black Sea Coast, Raise Fines

15:46, 13 Apr. 2011
Romania's Government plans to close every illegal building, whether completed or under construction, on the Black Sea Coast and will increase the fines for such buildings ten times.

Romanian Govt May Reject “Unusually Low” Public-Private Auction Bids – Draft

17:19, 12 Apr. 2011
The Romanian Government may reject bids submitted on auctions awarding public-private partnership contracts, if the respective offers are “unusually low” and if data show investors will not be able to meet requirements.

Romanian Govt To OK New Layoffs In State-Run Cos, With Added Social Protection

14:11, 10 Apr. 2011
Romania's Government will soon authorize new layoffs in the mining, energy and defense sectors, but will reintroduce a monthly supplementary income for the sacked employees, a benefit that may be terminated if the beneficiary turns down a new job because of a low salary.