government

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.

Romanian Govt To Seek Confidence Vote For Teacher Wage Cap Act, Social Code

19:24, 07 Apr. 2011
Romania's Government on Thursday decided to begin the steps towards seeking a vote of confidence in Parliament for the bill capping wage raises for teachers who won salary rights in court, and for the Social Dialog Code, people close to the matter told MEDIAFAX.

Romanian Govt Does Not Support Additional Tax On Bank Profit Without EU Agreement

11:25, 07 Apr. 2011
Romania's Government does not support introducing a "solidarity tax" of 2.5% on the profit of financial and lending institutions, proposed by a number of MPs, without a EU consensus, fearing that banks will transfer their profit abroad.

Romanian Govt Might Reduce Social Security Contributions From Employers – Sources

13:48, 04 Apr. 2011
Romania's Government is considering lowering the total social security contribution rate from 44% to 41%, reducing the rate paid by the employer by three points, starting with the second half of the year, people close to the matter told MEDIAFAX on Monday.

Romanian Ruling Coalition Allows Govt To Seek Conf Vote On Teachers’ Wages Law

12:40, 04 Apr. 2011
Romania’s ruling coalition decided Monday to allow the Government to seek a confidence vote in Parliament to pass a law capping teachers’ wages, people close to the matter told MEDIAFAX.

Romanian PM Says New “First Home” Program To Start After Easter

17:05, 01 Apr. 2011
Romania’s Prime Minister Emil Boc said Friday the new “First Home” program will start after Easter and its application norms will be approved in the next two weeks.

EXCLUSIVE: Romanian Govt Bans Wage Hikes For Teachers In 2011

14:59, 01 Apr. 2011
The Romanian Government will freeze this year the salaries of teachers who won wage increases in court, capping them at the level in January, according to a draft act drawn up by the Government and obtained by MEDIAFAX.

Romanian Govt Approves List Of Hospitals To Be Converted To Nursing Homes

20:54, 31 Mart. 2011
Romania's Government on Thursday approved the list of 67 hospitals that are to be converted to nursing homes for the elderly, starting in April.

Romanian Govt To Cap Education Sector Wage Hikes

20:40, 31 Mart. 2011
Romania's Government will sponsor a bill, possibly by seeking a confidence vote in Parliament, capping salary increases for teachers, as the economy cannot cope with a 50% wage hike, said Prime Minister Emil Boc.

Romanian Govt To Pay About EUR300,000 To Recover Stolen Dacian Artifacts

12:22, 31 Mart. 2011
The Romanian Government will pay about EUR300,000 to recover a gold bracelet, two iron shields and 229 gold and silver coins of Dacian origin, which were illegally taken out of Romania and recovered by German authorities, people familiar with the matter told MEDIAFAX Thursday.

Romanian Govt To Guarantee 50% Of „First Home” Loan Value

16:38, 30 Mart. 2011
Romania's Government has decided that the state will guarantee 50% of the value of loans through the "First Home" program, which will now be open to owners of homes with an area no larger than 50 square meters.

Romanian Public Hospitals To Be Funded According To Class

21:05, 23 Mart. 2011
Romanian hospitals will be divided, by June 1, into five classes, according to their fields, and each unit will receive financing appropriate to its class, Health Minister Attila Cseke announced Wednesday.

Romanian Young Studio Flat Owners Might Access „First Home” Program

16:49, 23 Mart. 2011
Romanian bank representatives have suggested opening the "First Home" program to people younger than 35, who already own a studio apartment, but need a larger home.

Romanian Govt Mulls Reducing Guarantee For New Home Loans To 50%

15:34, 22 Mart. 2011
Romania's Government and banks are considering reducing the state's guarantees for loans taken out through the "First Home" program to half, leaving EUR750 million, half the amount guaranteed so far, available for new loans.

Romanian Govt Approves Norms To Apply Act Checking High Wealth Individuals

17:48, 17 Mart. 2011
The Romanian Government on Thursday approved the norms concerning the application of the normative act on checking high wealth individuals, said Government spokeswoman Ioana Muntean.

Romanian Beekeepers To Receive EUR7M In Subsidies Annually

15:01, 16 Mart. 2011
The Romanian Government on Wednesday decided to grant EUR7 million in annual financial aid to beekeepers to increase the number of bee colonies.

Romanian Govt Transfers EUR90M To Local Auth, Most Run By Ruling Party

14:43, 14 Mart. 2011
Romania's Government has transferred around EUR90 million to local authorities, for infrastructure development projects and the construction of sports centers in rural areas, with most of the money going to units administered by the ruling Democratic Liberal Party (PDL).

Investors From USA, Canada, Austria, Israel Interested In Romanian Regional Hospital Proj

21:09, 09 Mart. 2011
Romania's Health Ministry has received official requests for more information on the regional emergency hospital network project from private investors in the United States, Canada, Austria and Israel, people close to the matter told MEDIAFAX.

Romanian Govt Reduces Length Of Adoption Procedures

18:40, 09 Mart. 2011
The Romanian Government on Wednesday decided to reduce the length of child adoption procedures.

Romanian Govt Approves Bill Cutting Interior Ministry Budget Spending

19:03, 08 Mart. 2011
The Romanian Government on Monday approved a bill aiming to cut Interior Ministry budget spending and reduce staff numbers, people close to the matter said Tuesday.

Romanian Govt Approved Only Eight Amendments To Labor Code

20:58, 07 Mart. 2011
Romania's Government has approved only eight amendments to the Labor Code out of the 144 proposed by the ruling coalition's MPs, including one that says people who have been collectively laid off will be given preference in case the employer decides to rehire within 45 days.

Romanian Post-2011 Collective Labor Contracts To Subject To Special Law

20:46, 07 Mart. 2011
Romania's Government has decided that collective labor contracts and related documents, whose effects will be limited as of December 31, 2011, may be signed after this date for periods to be set through a special law.

Romanian Labor Code To Limit Employer Damage Claims To Five Times Minimum Wage

20:45, 07 Mart. 2011
Romania's Government has decided to limit the amount demanded by an employer as compensation for damage caused by an employee during their duties to five times the gross minimum wage.