GOVERNMENT
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Romania To Cut Over 7,000 Jobs In State-Owned Companies
Romania's government has pledged to cut more than 7000 jobs in state railway companies, energy suppliers and the national postal company, while lowering their running costs through renegotia...
Romania Vows Before IMF To Slash Heating Aid Before September
Romania's government committed in the letter of intent to the International Monetary Fund to eliminate the thermal energy subsidy by the end of August at the latest, and direct such aid only...
Government Promises To Hike Train Ticket Prices By More Than Inflation
Romania's Government has promised the International Monetary Fund that, by the end of August, it will amend legislation to allow state-owned transport companies CFR Calatori and Metrorex to...
EU Asks Romania For New Changes To Public-Private Partnership Law
Romania’s Government must amend the law on public-private partnership (PPP) again to allow the public procurement authority (ANRMAP) to check PPP contracts and ask the court to cancel contra...
Romania Must Amend Newly Adopted Labor Laws By This Fall
The Romanian Government must extend the period over which overtime can be rewarded with paid time off to 90 days, from 60 days as stated in the country’s recently adopted labor laws, says th...
Romania Gives Up Plans To Shut Down Oltchim If Privatization Fails
Romanian government gave up its plans to shut down chemical plant Oltchim Ramnicu-Valcea (OLT.RO) if privatization procedures should fail in 2011, according to the country’s letter of intent...
Romania Pushes Proprietatea Fund Share Conversion Deadline To July 31
Romanian government decided that compensation rights held by property owners wrongfully expropriated during communism be converted into shares in investment fund Fondul Proprietatea (FP.RO)...
Romania To Upgrade 16 Train Stations For EUR280M
Romania will modernize 16 train stations within a program worth a total EUR283 million, the Government decided Wednesday.
First Home 4 Start Delayed: Government Has Yet To Publish Framework Agreement
The "First Home" scheme is officially frozen, as banks have exhausted the EUR200-million sum earmarked at the start of the year and the fourth stage cannot start since the protocol of co-ope...