GOVERNMENT
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Government Cuts Over 630 Jobs With State Reserve And National Archives
Romania’s Government has decided to cut more than 630 jobs with the National Administration of State Reserves and the National Archives, under the authority of the country’s Ministry of Admi...
Romania Keeps Clawback Tax On Drug Suppliers
Romania will continue to charge drug distributors a tax clawback, in the form of quarterly contributions to the public healthcare system, in an amount to be set within 30 days.
Government Delays Heating Subsidy Cut While It Works On Welfare Scheme
Romania's Government has decided to hold back the ordinance eliminating state heating subsidies, which will lead to higher heating bills, until it completes a state aid scheme for low-income...
SMEs May Borrow Up To RON125,000 With State Guarantee, Subsidized Interest
Romanian small and medium enterprises may take out loans of up to 125,000 lei (EUR30,000), partially guaranteed and subsidized by the state, in order to cope with the problems caused by the...
Government Failed To Help Economy With Capital Expenditures During Recession Years
Public investments have been dwindling for two and a half years, from the peak reached in 2008, 26.7 billion lei (EUR6.33 billion), with declines continuing into the first five months of thi...
Government Wants Updated EC Labor Market Report Hoping Work Restrictions To Be Lifted
The Romanian Government will ask the European Commission to draw up a new research on the impact of the labor market liberalization on the EU member state’s economy, hoping labor market rest...
Romania's EU Fund Reimbursements At 3% Of '07-'13 Allocation In June
The European Commission reimbursed Romania around EUR650 million by June 24, 2011, for projects financed with EU funds, meaning about 3% of the total EUR19.7 billion allotted for 2007-2013.
Goods And Services Expenses Up 20%, Personnel Expenses Down 20% In May
May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 milli...
Basescu Passes Law Enabling Govt To Issue Ordinances During Break
Romanian President Traian Basescu on Monday passed the law allowing the Government to issue ordinances during the parliamentary recess.