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GOVERNMENT

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Banks-Insurance

Romania Fails To Draw EUR1.1M From EIB In Time

Romania will lose over EUR1.1 million from loans agreed with European Investment Bank EIB, over public authorities failure to draw the money by August 31, 2011 deadline, according to a Gover...

Manuela Panescu · 06.07.2012 · 17:25 · 1 min
Social/Politics

Government Changes Referendum Law To Impeach President With Majority Of Votes Cast

Romania's Government has issued an emergency ordinance amending the referendum law to provide that the President may be impeached with the votes of the majority of participants in the ballot...

Radu Bostan · 05.07.2012 · 19:51 · 1 min
Social/Politics

Romania To Resume Payment Of Allowances For Anti-Communist Revolutionaries

Romania’s Government will resume the payment of state allowances for revolutionaries and will cut by 10% reparations granted to the descendants of those who died in the December 1898 Revolut...

Ioana Tudor · 05.07.2012 · 18:49 · 1 min
Social/Politics

Government Expected To Amend Referendum Law In Special Meeting

Romania’s Government confirmed it will hold an extraordinary meeting Thursday evening, at local time 18:00, being expected to amend by emergency ordinance the referendum law and settle wheth...

Manuela Panescu · 05.07.2012 · 17:45 · 1 min
Government Fines Contractors For Delays To Bucharest-Ploiesti Highway Construction
Automotive

Government Fines Contractors For Delays To Bucharest-Ploiesti Highway Construction

Romania's Government will fine the contractors that are behind schedule on the construction of the Bucharest-Ploiesti highway and transfer the money to healthcare, to benefit people with inc...

Radu Bostan · 05.07.2012 · 14:41 · 1 min
Government Considers Lowering Drug Clawback Tax
Social/Politics

Government Considers Lowering Drug Clawback Tax

Romania's Government is considering lowering the clawback tax charged to drug producers, with the hit in budget revenue to be borne by the Health Ministry.

Radu Bostan · 04.07.2012 · 19:39 · 1 min
Social/Politics

Government Reorganizes Consumer Protection Authority

Romania's Government has issued a decision on the organization and operation of the National Consumer Protection Authority (ANPC), which will have eight regional offices instead of 42 office...

Radu Bostan · 04.07.2012 · 19:11 · 1 min
Companies

Romania OKs Setup Details Of World’s Most Powerful Laser At Magurele

The Romanian Government has approved Wednesday the technical-economic details for the construction of the world’s most powerful laser in the southern town of Magurele, a EUR389 million inves...

Manuela Panescu · 04.07.2012 · 17:23 · 1 min
Social/Politics

Romania Cuts Industrial Property Taxes, Keeps Them Unchanged Until 2014

Industrial property taxes will be cut to the level applied in 2006 and will be kept unchanged for two more years, until 2014, according to an emergency ordinance approved by the Romanian Gov...

Ioana Tudor · 04.07.2012 · 17:03 · 1 min