GOVERNMENT
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Government OKs 7-Year Debt Payment For Public Television, Railway Companies
Romania’s Government approved a memorandum Saturday extending the debt payment schedules of public television SRTV, freight railway company CFR Marfa, and railway company CFR SA to seven yea...
Romania To Hold Parliamentary Elections On December 9
Romania’s Government decided Saturday the country will hold parliamentary elections on December 9, said Government spokesman Andrei Zaharescu.
Romania Likely To Hold Parliamentary Elections On December 2
Romania’s Government is considering setting the parliamentary election date for December 2 but will try to get the opposition to agree to hold the ballot a week earlier, on November 25.
Local Authorities Must Cut Arrears To Further Receive State Budget Funds - Draft
Romanian local authorities will have to reduce arrears monthly by at least 5% or they will no longer receive state budget funds, as per a draft emergency decree drawn up by the Finance Minis...
Oltchim To Be Privatized Through Sale Of State's Stake And Debts
Romania's Government has changed the privatization strategy for chemical producer Oltchim to a combined sale of the state's stake of 54.6% and the receivables held by privatization authority...
Government Postpones Application Of Electronic Invoice For 2013
Romania's Government has postponed the application of rules on the electronic registration of commercial operations, as per a law adopted in July, until January 1, 2013.
Government Approves Budget Revision, Raises Social Security Costs
Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the...
Government Expects Making VAT Due On Invoice Payment To Boost GDP By 0.5%
Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income.
Romania Approves 10% Lower Clawback Tax On Drugs
Romania's Government has approved a new formula for the clawback tax, which will be reduced by 10% and charged starting on October 1, as well as a mechanism to adjust the healthcare system's...