GOVERNMENT
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Romanian National Roads Administration To Receive More Funds From Traffic Fines
Romania's Government has found a new source of financing for infrastructure projects - fines for various violations, such as peddling or dirty car wheels, which will be no longer be transfer...
Government OKs Two More Oil Drilling Licenses In The Black Sea
Romanian government Wednesday approved two oil exploration licenses in the Black Sea platform granted by the national agency for mineral resources to a consortium made of oil companies Lukoi...
EU Orders Romania To Return EUR1M Spent Illegally By Youth Support Agency
The European Commission has ordered Romania to return around EUR1 million because of irregularities found in the expenses of the National Agency to Support Youth Initiative (ANSIT), Educatio...
Government OKs Bill Ratifying U.S.-Romanian Antimissile Shield Agreement
The Romanian Government on Wednesday approved the draft law ratifying the agreement on the deployment of a U.S. ballistic missile defense system in Romania.
Government Directs Over Half Of Debt Relief Funds To Local Authorities Controlled By PDL
More than half the funds provided the Government for debts and current and capital expenses have been assigned to local authorities led by democrat liberals, while towns managed by the oppos...
Government May Raise PPP Contract Value By 50% Without New Auction
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...
Government Delays Budget Again, Freezing Business People’s Plans
The state budget, the most important act of a fiscal year, has not been completed within the legally allotted deadline, October 15, and will reach the Parliament late, again. As a result of...
Romania Seeks Investor For Minority Stake In Posta Romana
Romania is willing to cede a 34% stake in state-owned postal company Posta Romana to an investor that must contribute to increasing the company’s share capital, according to an official docu...
Romania Approves Renewable Energy Incentive Scheme
Romania's Government on Wednesday approved the ordinance providing state aid through green certificates for renewable energy production, after repeated complaints about delays from business...