BUDGET
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Private Pension Guarantee Fund To Have Initial Budget Of EUR500,000 - Watchdog
The initial contribution to the Romanian private pension guarantee fund will amount to about EUR500,000 and will be paid by private pension fund administrators and pension providers by May 1...
Businesspeople To Government: Keep Investments Going And Cut Spending On Police And Military
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 ag...
Businesspeople Teach Government How To Build 2012 Budget
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 peop...
Basescu: 2012 Budget Targets Deficit Of 1.9% In Cash Terms
Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of th...
Boc Promises No Unannounced Tax Hikes Next Year
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 pos...
Tanasescu: Romania’s 2012 Budget To Be Computed Against RON4.3 To The Euro
Romania’s 2012 state budget will be computed using an average exchange rate of 4.3 lei to a euro, up 0.09 lei compared with the exchange rate used to compute the budget for 2011, the country...
Government To Set List Of Major Investment Projects For 2012 - Tanasescu
The Romanian Government will set a list of about 60 major investment projects whose implementation next year will be closely monitored by authorities, the country’s representative to the Int...
Boagiu: 2012 State Budget Should Ensure Project Co-Financing
Romanian Transport Minister Anca Boagiu said Friday that she wants budgetary resources in 2012 to be directed mainly to co-finance current projects funded by the EU and European Investment B...
Tough Month For Government: How Will Romania Escape The Approaching Storm?
Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on...