GOVERNMENT
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Firms Not At Fault For Delayed Works No Longer Allowed To Claim Damages – Draft
Firms in Romania executing public works and delaying the project without their fault will be entitled to ask for price adjustment, only within a certain limit, but will no longer be allowed...
Romania Eyes To Ensure EUR1B For Highways, National Roads In 2013
The Romanian Government forecasts it will provide almost EUR1 billion for the construction of highways and national roads upgrade in 2013, both from foreign funds and the state budget.
Cabinet To Seek Confidence Vote On Property Restitution Bill By April
Romanian Government will seek a confidence vote in Parliament by April to pass a bill regulating the restitution of nationalized property, Minister-delegate for Budget Liviu Voinea said Wedn...
Oltchim Files For Insolvency
Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will enter insolvency and a request to this end is to be sent to the Valcea Court, Economy Minister Varujan Vosganian told...
Romanian Government Approves Draft Budget For 2013 - Sources
Romania’s Government on Wednesday approved the draft state budget for 2013, which will be sent to the Parliament for debates and a final vote, said people close to the matter.
Government Rethinks Car Tax, Proposes New Calculation Formula
Romania’s Government proposes a new formula to compute the car pollution tax, which increases by about 10% the sum to be paid for Euro 4 and Euro 3 cars, and lowers by 60% to 90% the tax to...
Government Approves Amendments To Tax Code, Minimum Wage Increase
Romania’s Government approved in a special meeting Tuesday a set of measures introducing new taxes targeting companies and farmers, the increase of the gross minimum wage and the inflation i...
Romania To Advance By 3 Months Tobacco Excises Hike, Until 2017
The Romanian Government will advance by three months the tobacco excises calendar hike, which will be annually enforced on April 1 instead of July 1, the measure being maintained until 2017.
Romania Revises Down 2013 GDP Growth Forecast To 1.6%
Romania’s government Monday revised down its economic growth forecast to 1.6% in 2013, from 1.8% initially, according to this year’s draft budget.