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

11.10.2011

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

11.08.2011

The fact that the banking sector reported losses again in the third quarter, added with the record-high 23% ratio of non-performing loans recorded in September, puts pressure on bank capitals, with 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

10.13.2011

The government’s latest bid to reorganize the national energy system, through the creation of complexes Oltenia and Hunedoara, is seen by specialists as a better idea than the two previous ones, 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

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

08.26.2011

Civil servants currently working in institutions that help manage European funds will no longer be allowed to move to the private sector to work for EU-funded projects, according to an emergency more

08.12.2011

Romania's fiscal strategy was agreed upon with the EU and IMF, and does not affect current public wages or pensions, but the value of these payments in 2012 will be set through next year's budget and more

08.12.2011

Romanian president Traian Basescu said Friday he supports the Government’s recently adopted fiscal strategy, adding Romania would default if it keeps borrowing money to pay wages and pensions. more

08.10.2011

Romanian public sector employees will receive no vacation, gift or meal vouchers until 2014, no bonuses until 2013 and will be rewarded for overtime with free hours only, according to the Government's more

08.02.2011

Romania may raise public sector wages 15 next year, either at once or in tranches, Marian Sarbu, head of coalition party UNPR, told Radio France International Tuesday. more

08.02.2011

The salaries of the 1.2 million people working in industry, a sector mainly made up of private companies, rose by 6% in the May 2010-May 2011 period, a sign that the steps to slash costs more

08.01.2011

Even though the government may consider there is room for public sector wage increases, Romania should only raise them following more job cuts layoffs, Monday said Jeffrey Franks, head of the more

07.05.2011

The turnover of Microsoft Romania will go up by just over 5% in the financial year that started on July 1, largely thanks to contracts with the public sector, which generate a quarter of the revenue, more

06.16.2011

Almost 153,000 public sector employees were laid off from December 2008 through late April 2011, according to Finance Ministry data. more