GOVERNMENT
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Local Authorities Must Cut Arrears To Further Receive State Budget Funds
Romanian local authorities will have to reduce debts overdue by more than 90 days by at least 5% monthly or they will no longer receive state budget funds, according to an emergency ordinanc...
CNADNR Will Cancel Several Investments To Stay Within 2012 Budget Limits
Romania’s Transport Ministry will ask national roads authority CNADNR to cancel several investments and sign additional acts to contracts, so that works to be carried out this year will not...
Transgaz To Upgrade Gas Transport System Between 2012-2016
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday said it will upgrade the national gas transport system between 2012 and 2016, which will bring the company...
Government Allots RON25M For School Repairs
Romania’s Government on Wednesday allotted 25 million lei (EUR5.5 million) for works to modernize several schools and connect them to the water supply network.
AVAS Allowed To Take Over Fortus Iasi Debts
Romania’s Government on Wednesday allowed privatization authority AVAS to take over the debts of industrial platform Fortus Iasi, Prime Minister Victor Ponta said Wednesday.
Ponta: Tarom Might Be First State Company To Have Private Management
Romanian Prime Minister Victor Ponta said Wednesday airline Tarom will most likely be the first state company to have private managers, and national roads authority CNADNR will be reorganize...
Ponta: Bucharest Subway Operator To Be Transferred Under City Hall’s Authority
Romania’s Government will soon transfer subway operator Metrorex under the authority of the Bucharest City Hall, will start procedures to privatize railway freight carrier CFR Marfa and will...
Government Assigns RON199M For Parliamentary Elections
Romania’s Government on Saturday assigned a total budget of 199 million lei (EUR44.6 million) for the parliamentary elections to be held on December 9.
Romania To Contribute EUR52.4M To EIB Capital Raise
Romania’s Government agreed in principle Saturday to contribute EUR52.395 million to the share capital of the European Investment Bank (EIB).