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GOVERNMENT

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Government Revises Debt Rescheduling System To Relieve Posta Romana Of Quick Payment To State
Social/Politics

Government Revises Debt Rescheduling System To Relieve Posta Romana Of Quick Payment To State

The Romanian Government has revised for the first time the debt rescheduling system enforced last year to relieve state-owned postal company Posta Romana of immediately paying its overdue de...

Ioana Tudor · 08.06.2012 · 13:53 · 1 min
Government Eliminates Barriers To Opening Hypermarkets, After EU And IMF Pressure
Social/Politics

Government Eliminates Barriers To Opening Hypermarkets, After EU And IMF Pressure

Romania's Government has repealed a decision issued in 2004 that restricted the opening of large shopping centers, in the wake of pressure from the European Commission and the International...

Radu Bostan · 06.06.2012 · 20:24 · 1 min
Ponta To Discuss Gas Price Deregulation With Austrian Oil&Gas Companies
Energy

Ponta To Discuss Gas Price Deregulation With Austrian Oil&Gas Companies

Romania’s Prime Minister Victor Ponta on Wednesday said he will pay an official visit to Austria on June 18 for talks on gas price deregulation with representatives of Austrian oil and gas c...

Ecaterina Craciun · 06.06.2012 · 16:42 · 1 min
Romania Increases Guarantee Fund For First Home Program By EUR200M In 2012
Banks-Insurance

Romania Increases Guarantee Fund For First Home Program By EUR200M In 2012

Romania’s Government on Wednesday decided to increase by EUR200 million the guarantee ceiling for the state supported “First Home” program this year, and the money will be accessed only by t...

Ioana Tudor · 06.06.2012 · 15:04 · 1 min
Social/Politics

Government Cuts Protocol Spending, Bans Public Institutions From Buying Consultancy Services

Romania's Government has barred public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...

Radu Bostan · 06.06.2012 · 15:02 · 1 min
Romania Cuts 2013 GDP Growth Forecast To 3.1% Vs 4.5%
Macroeconomics

Romania Cuts 2013 GDP Growth Forecast To 3.1% Vs 4.5%

A sluggish economic recovery and falling exports have prompted Romanian officials to revise downward the 2013 growth forecast to 3.1%, from 4.5% initially, according to a government document...

Florentina Dragu · 31.05.2012 · 17:41 · 1 min
Real Estate

Government Won't Allot Any Money For Building Consolidation This Year

Romania's Government will not allot any money from the state budget for building consolidation this year, although experts have repeatedly warned that there is a risk of a strong earthquake...

Radu Bostan · 31.05.2012 · 13:34 · 1 min
Government Plans To Raise Diesel, Cigarette Duties Next Year
Energy

Government Plans To Raise Diesel, Cigarette Duties Next Year

Romanian authorities plan to raise excise duties on diesel fuel and cigarettes again next year, with the higher taxes on tobacco to last at least until 2015, says a government document.

Radu Bostan · 30.05.2012 · 20:33 · 1 min
Social/Politics

Romania To Follow Public Sector Wage Raise With Restrictions On Personnel Expenses

Romanian authorities will follow the upcoming salary raise in the public sector by restricting spending on wages in the next three years, says a government document.

Radu Bostan · 30.05.2012 · 20:33 · 1 min