11.11.2011

Romania's draft budget for 2012 states pensions will be frozen in the entire year, with no mention of possible raises in the second half, and will again require a transfer of 13.8 billion lei (EUR3.17 more

11.11.2011

Romania's Government has reduced the share of salary rights won in court by public sector employees to be paid next year from 33% to 5%, disbursable in equal quarterly installments, according to the more

11.11.2011

Romania's Government next year will reduce the share of income tax collections provided to local authorities and will cut transfers to local budgets from taxes on pensions, denying mayors a source of more

11.10.2011

Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday. more

11.10.2011

Romania's Government on Wednesday approved the technical-economic indicators for two projects, worth a total 308.84 million lei (EUR71 million), to strengthen three sectors of road DN 2A more

11.10.2011

Stimulate investments and make sure they are not made only on paper! This is the most important piece of advice that Romanian entrepreneurs have for the government, which should take a closer look at more

11.09.2011

Romania will consider the VAT for EU-funded projects an eligible cost to be compensated from community funds starting next year, but only for contracts signed after January 1, 2012, and some programs more

11.09.2011

Romania’s minister of Justice will be allowed to start disciplinary proceedings against judges and prosecutors in grounded cases, according to a bill drafted by the Government. more

11.09.2011

The long-awaited new investments financed and accepted as completed by the government in the first half of this year, which should have given the economy a boost, actually dropped by almost 60% more

11.09.2011

Lower spending on public sector employees and especially on those in the police and military, along with continued investments in upgrading the state apparatus should be priorities on the agenda of more

11.08.2011

The Government needs to cut the number of public sector employees, continue investments but not in the unprofitable state-owned companies, and ensure transparency of spending by putting people in more

11.03.2011

German car part maker Draexlmaier wants to expand the production capacities of its plants at Satu Mare, Codlea and Hunedoara, and develop its collaboration with Romanian universities for employee more

11.03.2011

Romania's Government and the IMF agreed Wednesday evening to extend the list of priority EU-funded projects, from 60 to 100, but only by adding projects in need of low financing, less than EUR1 more

11.02.2011

The IMF agrees with salary and pension raises in the second half of 2012, budget resources allowing, but this does not guarantee such a decision would be made by Romania's Government, people close to more

11.02.2011

The government approved a new exploration, development and drilling agreement between local mineral resources manager ANRM and Irish Moesia Oil and Gas, for a block spanning over some 1,000 square more

11.02.2011

Romania's Government has pushed the deadline by which companies may register or update the data in the General Registry of Employees (REVISAL) to December 15, 2011. more

11.02.2011

The sale of greenhouse gas certificates, suspended in August because of inventory deficiencies, may be resumed in 2012, and the Finance Ministry will handle the sales, according to a draft government more

11.02.2011

The housing and population census is over but the controversies are just beginning. Poorly organized, it only goes to show the confusions created by state institutions. Incompetence on the part of the more

11.01.2011

Romania's Government has drawn up a list of 60 projects financed by the EU that will be monitored with priority, most of them at little over 0% completion despite being worth more than EUR7 billion more

11.01.2011

Romania's Government will reconsider the state aid and guarantee schemes next year, to improve access to lending for the private sector, including small and medium enterprises, says a press release more

11.01.2011

Romanian Prime Minister Emil Boc told employer organizations and labor unions that next year's state budget counts on reduced economic growth, with no "unannounced" tax hikes, but with a more

10.31.2011

The Romanian Government is in negotiations with Canadian company Gabriel Resources to increase its stake in Rosia Montana Gold Corporation (RMGC) from 19.3% to 22.5%. more

10.31.2011

Dan Pascariu, chairman of the Supervisory Board of UniCredit Tiriac Bank, believes the Romanian government lacks the money to create or buy a large bank that can make a difference on the market. more

10.28.2011

Pharmaceutical companies have asked the International Monetary Fund to urge Romania's Government to reduce the clawback tax to zero for generic drugs, allow at least 210 days for its payment and no more

10.27.2011

Romania's Government has decided to supply 100 tents to Turkey free of charge, as emergency earthquake relief, and provide medical care to 100 Libyan citizens injured in the civil war. more