GOVERNMENT
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European Commission Proposes Corrections Of 5% To 25% For Five EU-Funded Programs
The European Commission proposed financial correction ranging between 5% and 25% of the value of contracts signed through five Romanian EU-funded programs.
Romania’s Public Institutions Re-Allowed To Buy Cars
The Romanian Government re-allowed the institutions and public authorities to purchase cars regardless of the cash-for-clunkers program, the vehicles being compelled to have an engine of max...
Government Expects To Raise EUR450 From Sale Of Stakes In Petrom, Romgaz, Cupru Min
Romania’s government expects to raise over 2 billion lei (EUR448.2 million) from the sale on the stock exchange of minority stakes in oil company OMV Petrom (SNP.RO) and natural gas producer...
Ponta Says Romania Offers Favorable Conditions For Investments Despite Political Changes
Romanian Prime Minister Victor Ponta on Thursday said Romania offers favorable conditions for investments despite political changes and assured American investors that he is willing to talk...
Romania Approves Norms Making VAT Due On Invoice Payment, Aims Publishing Guidebook
The Romanian Government on Tuesday adopted the methodological norms to enforce the system making the VAT due on invoice payment and aims to publish a guidebook on the new system.
CFR And Belgian Company To Set Up Firm To Upgrade Bucharest Railway Infrastructure
Romania’s state-owned railway company CFR Infrastructura and Belgian company Euro Station will set up a firm to upgrade and extend Bucharest’s railway infrastructure, including the Bucharest...
Government Set To Resume Talks With IMF To Lower VAT On Food
Romania’s Government will resume talks with the International Monetary Fund on lowering VAT on basic food items to 9% instead of the current 24%, as soon as the Agriculture and Finance minis...
Farmers To Receive Financial Aid Only Upon Paying Land Lease Dues
The Romanian farmers will receive financial aid from the state only upon paying in turn, in due time, the dues resulted from the land lease and rental deals concluded with the State Domains...
Romania To Give Emergency Aid To Oltchim Employees In One Tranche, In December
The Romanian Government decided Tuesday to provide an emergency aid for the employees of chemical plant Oltchim Ramnicu Valcea (OLT.RO), in one tranche in December, as it didn’t have “enough...