GOVERNMENT
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Chinese Investors Vow To Bid For Romanian Projects
Chinese investors have assured the Romanian Government they will bid for major investment projects in Romania and will offer low prices for works and also inquired about state aid options.
Romanian Government Revises 2Q GDP Growth Forecast Slightly Down To 0.2%-0.3%
Romania’s Government has revised its forecast for the country’s second quarter economic growth to 0.2%-0.3% from a previously expected 0.3%-0.4%, but expects better results in the third quar...
Romania Eliminates Special Customs Tax Charged For International Cargo Transport
The Government has eliminated the special tax charged in customs from international cargo trucks, $20 per vehicle or trailer, since it is contrary to community regulations and unsupported by...
Fiscal Council Denounces Government’s Fiscal Strategy Again
The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel...
EU Warns Romanian Public-Private Partnership Law Still Breaches Community Norms
The European Commission has warned the Romanian Government that the public-private partnership law is still incompatible with EU norms and not sufficiently clear on certain procedures, such...
Romania To Increase Budget Earnings Through New Building, Land, Vehicle Tax System
Romania's Government will change the building, land and vehicle tax system, introducing a new calculation method that will allow earnings from this source to increase by more than 1 billion...
Romania Halts Certain Pension Raises Until 2014, Over High Additional Expenses
Romania's Government will block certain pension raises, which would have taken effect next year, until 2014, arguing that the lack of a "sustainable framework" for the pension law's applicat...
Romania To Wait Until 2014 To Finance Education System By 6% Of GDP
Romania's Government will extend the deadline by which it must provide at least 6% of the GDP to the education system by two years, until 2014, arguing that it would entail an additional bud...
Romania Prepares Water Management Projects Worth RON950M
Romania's Government on Wednesday decided to launch ten projects for investments into the water and environment management infrastructure, worth a total of more than 950 million lei (EUR223...