GOVERNMENT
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Government Pledges To Keep Clawback Tax To Avoid New Arrears
Romania’s Government said it will continue to apply the clawback tax in the pharmaceutical industry to avoid amassing new arrears in the sector, according to its latest letter of intent to t...
Government Has Serious Concerns About Appointments To CE Oltenia Board
Romania's Government has acknowledged to the IMF that it is behind on restructuring the state-owned companies and selecting private management, with CE Oltenia being the only company with a...
Informal Employment Causes Losses Of EUR2.7 Bln/Year To Romania's Budget
One year after the entry into force of Romania’s new Labor Code, the economy has recovered only 100,000 jobs of more than 650,000 it had lost during the crisis. However, one in three Romania...
UK Ambassador Says EU Funds Absorption Is Top Priority For Romania
British Ambassador to Bucharest, Martin Harris, said Sunday in an interview for PRO TV that the absorption of European Union funds is a top priority for the Romanian Government, which, he ad...
Bucharest's Transport Authority To Be Financed With Public Money, Transfer Revenues To State Budget
Bucharest's Metropolitan Transport Authority (AMTB) will transfer to the state budget its revenues from technical assistance, authorization and consulting services, and will be financed enti...
Government Bans Local Authorities From Outsourcing Public Internal Audit Services
The Romanian Government has decided to ban local authorities from buying public internal audit services from private individuals, arguing the outsourcing of these services based on a law ado...
Government Suspends Issue Of Compensatory Certificates For Nationalized Property Until May 15, 2013
The Romanian Government has decided to extend by one year, until May 15, 2013, the period during which the issue of compensatory certificates for nationalized property is suspended, accordin...
Government Bans Public Institutions From Buying Consultancy Services, Cuts Protocol Spending
Romania’s Government has banned public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...
Government Approves New Letter Of Intent To EUR3.5B IMF Deal
The Romanian Government approved Wednesday its latest letter of intent to the International Monetary Fund, which states Romania will raise public sector wages by 8% in June and grant the rem...