GOVERNMENT
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Government Approves 9% VAT On Tourism Services
Romania's Governments approved Wednesday a VAST rate of 9% instead of 24% for tourist accommodation services.
Government Approves Amendments To Capital Market Legislation
Romania’s government has approved Tuesday, through emergency ordinance, the amendments to the legislation regulating the capital market, government spokesperson Corneliu Calota said Tuesday.
Energy Ministry Takes Over Attributions Of Privatization And State Shareholder At Power Companies
Romania’s government approved an ordinance setting up the Energy Ministry which will take over the attributions of public institution involved in the privatization and post-privatization mon...
Transelectrica And Transgaz Placed Under Economy Ministry’s Authority
Romania’s government approved an ordinance placing state-run companies Transelectrica (TEL.RO) and Transgaz (TGN.RO) under the authority of the Economy Ministry, people familiar with the mat...
Foreign Investors: Cabinet Reshuffle Affects Business If Changes Go Deeper Within Ministries
The government reshuffle require efforts from the business environment, which needs to establish dialog with the new Cabinet ministers, but that shouldn't be a problem as long as changes don...
Government Freezes Public Sector Wages Except For Slight Raises In Education, Healthcare
Public sector wages will be frozen in 2015 at this year's level, except for teaching staff, whose wages will be raised by up to 10% in two steps, and healthcare staff under certain condition...
Government Approves Minimum Wage Raise
Romania's government on Wednesday approved a bill raising the gross minimum wage in two stages in 2015, to RON975 in January and to RON1,050 in July, from the current RON900.
Romania To Keep Oil Industry Royalty System Unchanged In 2015
The royalty system for the oil industry will remain unchanged next year and changes will be considered afterward, minister-delegate for the Budget Darius Valcov said Wednesday.
Romanian Government Approves Third Budget Revision This Year
Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees.