GOVERNMENT
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Government: Personal Bankruptcy Law Undermines Credit Discipline
Romania will refrain from adopting a series of bank law initiatives that could “undermine credit discipline,” including a bill on personal bankruptcy or a debt collection bill, the governmen...
Romania Pledges To Select Buyer For CFR Marfa On June 21; Deal Completion Conditional On Meeting All Contract Requirements
Romania pledges to select a buyer for a majority stake in state-owned freight railway carrier CFR Marfa on June 21, while highlighting that the completion of the transaction depends on meeti...
Romania Misses Over Half Of IMF Loan Targets; Applies For Waivers
Romania has missed over half of its goals assumed under a two-year EUR3.6 billion loan with the International Monetary Fund due for completion in late June, including a long-overdue reductio...
Romania Hikes Medium-Term Notes Program Cap To EUR8B
Romania has increased the maximum amount it can borrow through its three-year medium term notes program to EUR8 billion from EUR7 billion initially.
Romania Writes Off CFR Marfa’s Debts To Make It More Attractive To Investors
Romania’s tax authority ANAF will write off the debts of state-run freight railway carrier CFR Marfa through conversion into shares, including a debt of 127.4 million lei (EUR28.3 million) C...
Ponta Says Romania Will Pass Decree Lowering VAT On Bread To 9% After July 1
Romanian Prime Minister Victor Ponta on Tuesday said the ordinance aimed at lowering the value added tax on bread from 24% to 9% would be adopted after July 1, because the government can mak...
Hospital Managers To Be Fired If They Fail To Rein In Arrears
Romanian hospital manager will be fired if the healthcare units they run register overdue debts for three consecutive months, according to an emergency ordinance recently approved by the Gov...
Romania Puts Off Granting Part Of Green Certificates To Energy Producers Until March 2017
The Romanian Government has decided to put off, starting July 1, the granting of a part of green certificates to investors in micro-hydro units, wind power plants and photovoltaic power stat...
Romania To Simplify Expropriation Procedures To Finish Romania-Moldova Gas Pipeline
Romania’s Government will simplify expropriation procedures in view of public utility works, Prime Minister Victor Ponta said Tuesday, adding expropriation issues have prevented authorities...