GOVERNMENT
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Romania To Reduce Subsidy For Farmers With Debts To Agency Of State Domains
Romania's Government plans to reduce the subsidies provided to farmers with debts to the Agency of State Domains (ADS), rather than wait to recoup the 100 million lei (EUR22.5 million) liabi...
Romania Approves Taking Out EUR1B Loan From World Bank
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday.
Ponta Calls For Financial Checkups At Two State-Run Companies
Romanian Prime Minister Victor Ponta on Wednesday said he will ask the Government Control Body to check on the situation at state-run postal company Posta Romana and state-run Agency of Stat...
Government Recovers Over Half Of Funds Allotted To City Halls By Former Administration
The Romanian Government will recover more than half of the funds allotted by the former administration to city halls controlled by the Democratic Liberal Party and the Hungarian minority par...
Government To Refund Pensioners For Healthcare Contributions Collected Illegally
Romanian pensioners will be refunded their social healthcare contributions in monthly tranches and the social health insurance fund will lose over 1.5 billion lei (EUR337 million), according...
Romania’s Economy Weathers The Snow In First Quarter
Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared with the fourth quarter of 2011.
Romania Seeks EUR1B Safety Net From World Bank
Romanian government Wednesday will approve taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said.
Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP
The Romanian government revised upward its forecast on the public debt to 34.2% of the gross domestic product, from 33.9% of GDP previously, according to the country’s latest convergence pro...
Ponta: Government Wants To Cut Social Security Contributions For Employers In 2013
Romania’s Government plans to reduce social security contributions by 5 percentage points for employers next year and keep the flat tax unchanged at 16% for companies, Prime Minister Victor...