GOVERNMENT
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Romania Pledges Action To Rein In Deficit, Increase Revenue
The Romanian government has pledged to take additional measures to keep the country’s budget deficit below 2.3% of the gross domestic product this year following lower-than-estimated revenue...
President Calls On Cabinet To Pull Gold Mining Project Bill From Parliament
Romanian President Traian Basescu said Monday the Constitution does not allow the Parliament to adopt laws accommodating one certain company and urged the Cabinet to pull the bill on Rosia M...
Government Approves Letter Of Intent To EUR4B Precautionary Loan With IMF- Sources
The Romanian Government approved in its Wednesday meeting the final form of the letter of intent to a EUR4 billion precautionary loan agreement with the International Monetary Fund (IMF), pe...
Romania Earmarks RON2.9B For Direct Payments To Farmers
The Romanian Government allocated RON2.9 billion to the Agriculture Ministry for payments in advance to farmers who benefit from European Union funds.
Government Approves Bill Allowing Mining In Rosia Montana
The Romanian government said Tuesday it approved the bill regulating mining in the Rosia Montana area and the draft act would be sent to the Parliament for adoption.
Romanian Magistrates Sentenced For Corruption To Lose Special Pensions
The Romanian government approved a bill Tuesday stripping magistrates found guilty of corruption of special service pensions.
Privatization Authority To Take Over UCM Resita’ Debts To ANAF, Sell Its Assets
Romania’s privatization authority AAAS will take over the debts of insolvent engine manufacturer UCM Resita (UCM.RO) to tax authority ANAF and will cede a part of the manufacturer’s assets t...
Minister: Contract To Build Comarnic-Brasov Highway Should Be Signed End-October
Romania’s Minister-delegate for infrastructure Dan Sova said Wednesday the contract to construct the highway linking Comarnic to Brasov should normally be signed on October 30.
Romanian CFR Marfa Sale Should Be Completed By Mid-October
Romania’s government decision approving the sale of 51% in railway freight carrier CFR Marfa to Grup Feroviar Roman (GFR) has been published in the country’s Official Journal.