GOVERNMENT
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Romania To Give Public Sector Day Off On April 30, 2012
Romania's Government will declare April 30, 2012 a non-working day for the public sector, to be recouped in a Saturday in May, so that the May Day vacation might be longer, Prime Minister Mi...
Government Plans To Revise 2012 Budget In July-August
Romania's Government has announced it plans to carry out this year's first budget revision in the second semester, during the parliamentary recess, scheduled for July-August 2012.
Government Reduces GDP Growth Targets, Anticipates Drastic Widening Of Trade Gap
Romania's Government has adjusted the GDP growth forecast for the next few years downward by one point and also expects the trade deficit to increase considerably in 2012, but it sees the Ro...
Government Informs EU Of Plan To Raise Public Sector Wages This Year
Romania's Government has informed the European Commission that it will raise public sector salaries this year to their level before the cuts in 2010, leading to a slight increase in personne...
Freeze On Public Sector Hiring Kept Into Next Year, But Made More Flexible
Romania's Government will continue to downsize the public sector, by hiring only one person for each seven vacant positions, but will allow a certain amount of flexibility in order to preven...
OMV Demands RON92M From Romania In International Arbitration Court
Austrian group OMV, the majority shareholder of Romanian oil company OMV Petrom, has filed a claim against the Romanian state with the International Court of Arbitration in Paris, demanding...
Romania Keeps 2015 As Target For Euro Zone Accession
Romania maintains its objective of joining the euro zone in 2015, by entering the ERM II in 2013-2014 and reducing the structural deficit to less than 0.7% of the GDP by 2014, according to t...
“Wise Guy” Deal Renegotiations Near Completion – Government Spokesman
Negotiations for the reevaluation of bilateral contracts concluded by state-owned power producer Hidroelectrica are nearing completion, and the result will be announced “soon after Easter”,...
Government To Provide RON7.45M Compensation For Potato Crops Damaged In 2010
Romania's Government has allotted 7.45 million lei (EUR1.7 million) to compensate potato farmers whose crops were damaged by pathogens two years ago.