GOVERNMENT
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Government To Downsize Managing Board Of Financial Supervisory Authority
Romania’s government will downsize the Executive Board of the country's Financial Supervisory Authority (ASF) and will place an 85% tax on the severance pay former members of institutions re...
Government Seeks Approval To Issue Decrees During Parliament Summer Recess
Romania’s government has required parliament approval to issue decrees during the parliament’s summer recess, as it plans to revise the state budget, amend the Tax Code, pay off arrears, ame...
Romania Extends By Six Months Posta Romana Privatization Deadline
Romania’s Government Wednesday decided to extend by six months the deadline to sell a majority stake in state-owned postal operator Posta Romana after no investor was interested in buying th...
Romania Caps Wages Of State Company Managers
Romania’s government will cap the monthly pay of state-owned company executives at six average gross wages in the field the company is present and bonuses will be granted considering perform...
Romania Halves Funds For Building Consolidation In 2014-2016
Romania’s Government will halve state budget funds for local authorities to consolidate homes considered to have high seismic risk, despite warnings that many buildings might collapse in cas...
Government Allots Over RON76M For Payment Of Hospital Arrears
The Romanian Government has increased the Health Ministry’s budget by more than 76 million lei (EUR17.4 million) so that the arrears amassed by public hospitals subordinated to local authori...
Romania Gets $200M After KazMunayGas Buys Back 26.6% Of Rompetrol
Romania will receive $200 million following the buyback of a 26.69% stake in Rompetrol Rafinare (RRC.RO) by Kazakh state-owned company KazMunayGas, the Government said Wednesday.
Romanian Government Converts Mining Company Debts Into Shares
The Romanian government will write off the debts of mining company Remin Baia Mare to the state budget by converting them into shares, Prime Minister Victor Ponta said Tuesday.
Romania To Set Up New Company For Rosia Montana, Expects Billion Of Dollars In Revenue
Romania’s government will set up a new company to deal exclusively with the Rosia Montana gold mining project, which it expects will bring several billion dollars to the state budget, could...