GOVERNMENT
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Romania In Advanced Negotiations With Investors To Replace Nokia
Romania is in advanced negotiations with ten companies to attract investments in Cluj county and compensate the losses resulting from the closing of Nokia's factory at Jucu, Andreea Paul-Vas...
Government Calls Special Meeting On Nokia Plant Shutdown
Romania's Government has called a meeting for Thursday evening to discuss mobile phone manufacturer Nokia's decision to close its plant in Jucu, Cluj county, people close to the matter told...
Land Improvement Agency Restructured With Layoffs, New Tax
Romania's Government on Wednesday approved reducing the Land Improvement Administration's staff to 1,500 employees, from 5,000, and introducing the land improvement tax, charged to landowner...
Romania’s Winter Heating, Electricity Stocks To Cost RON5.69B
Romania’s raw material supply for electricity and heating will cost 5.69 billion lei (EUR1.3 billion) in the winter 2011-2012 season, 34% more than the costs in the previous inter, according...
Government Approves New Contract With Bechtel For Transylvania Highway
Romania's Government has approved the new contract with U.S. company Bechtel for the construction of the Transylvania Highway, which reduces the cost of the project to EUR6.9 million per km...
Government Will Guarantee, Subsidize Loans For Work On Building Envelopes
Work on a residential building's envelope in Romania will be financed 10% by the beneficiary and 90% through bank loans, with government guarantees and subsidized interest.
Romania To Narrow State-Insured Medical Services, Impose Additional Health Insurance
Romania’s Government will revise the package of state-insured healthcare benefits to exclude coverage of costly nonessential health services, which will be provided based on additional, incl...
Romania's New Energy Cos To Be Privatized By June 2012, Including Layoffs
Romania's new energy companies Oltenia and Hunedoara will be privatized by the end of June 2012, a move which will entail layoffs in some of their component operations, says the Government's...
Belgian Postal Operator Interested In Buying Into Posta Romana
Belgium's national postal company, bpost, wants to become a minority stakeholder in Romania's postal company and railway operator SNCB is also interested in investing on the Romanian market,...