11.14.2011

The public offer whereby the Romanian Economy Ministry wants to sell 15% in national power grid operator Transelectrica (TEL.RO) will most likely be launched in spring next year, one of the brokers 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

Women hold over half of decision-making positions in the Romanian central public administration and most leader positions within ministries, according to a survey conducted by the Labor Ministry at 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

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

10.31.2011

Romania’s public debt rose to 207.57 billion lei (EUR48 billion) in August, from RON204.63 billion a month earlier, Finance Ministry data showed Monday. more

10.31.2011

From 2005 until 2010 Greece’s public debt as a percentage of GDP grew from 100% to 150%. In less than a year, the debt went up by a further ten percent, and is currently at 160% of GDP, which more

10.25.2011

The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will increase more

10.24.2011

Romanian President Traian Basescu said Monday that pensions would not be reduced or additionally taxed, and that public sector salaries would not be cut in 2012. more

10.21.2011

Public procurement contracts for products such as cooking oil and potatoes are mainly awarded to intermediaries and Romanian authorities end up paying 10%-37% more than producer prices, the antitrust more

10.17.2011

Romania's Government reserves the right to increase the value of a public-private partnership contract by up to 50% for services not provided by the initial draft, without a prior notice of more

10.13.2011

Checkups started recently by the Romanian Authority for Public Procurement Regulation and Monitoring (ANRMAP) show that only 49 of the 1,552 auction files which have been submitted over the past two more

10.12.2011

Romanian lawmakers on Wednesday adopted a bill that allows the Government to postpone until 2016 payments of salary rights public sector employees have won in court. more

10.11.2011

The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take more

10.07.2011

Romanian Prime Minister Emil Boc said the Government has five major projects it wants to implement through public-private partnership – a hydropower plant, two new reactors for the Cernavoda nuclear more

10.05.2011

Romania needs to go below the market price when selling 15% stakes in Transelectrica (TEL.RO) and Transgaz (TGN.RO), to make sure that investors bid, Wednesday said Valentin Ionescu, general manager more

10.05.2011

Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year. more

10.04.2011

Romania must balance its fiscal policy better and put a constitutional cap on the public debt, a central bank official said Tuesday. more

09.23.2011

The Romanian Audit Authority must adopt the new regulations regarding public procurement, agreed upon with the European Commission, by the end of October, otherwise EU payments might be ceased for a more

09.21.2011

The Romanian Chamber of Deputies committee for the budget decided Wednesday to extend the payment period for wage rights won in court by public sector employees until December 31, 2016, from December more

09.16.2011

Romania's Finance Ministry is proposing a series of changes to public procurement procedure, with a view to eliminating blockage and red tape, and accelerating the absorption of structural funds, says more

09.15.2011

Romanian public institutions will be able to contract consultancy services for projects that have already been awarded, as well as loans to finance EU projects, through "accelerated" more

09.15.2011

Romania’s energy strategy for 2011-2035 will be amended and put up for public debate by the end of October this year, Thursday said Alexandru Sandulescu, director within the Economy Ministry. more

09.06.2011

Romania’s Chamber of Deputies adopted tacitly Tuesday a bill requiring that state-owned radio and television companies have private management. more