GOVERNMENT
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The Economist Tells Romania's Government: You’ve Got No Money To Raise Wages
Achieving the deficit target of 1.9%-2.1% of the gross domestic product in 2012 will entail a freeze in public sector wages and pensions and will not leave room for cuts in VAT or social sec...
Government To Reexamine Ordinance Raising Mining Royalties
The ordinance increasing royalties on the mining of ferrous and nonferrous ores, gold, platinum and silver, and the transport of oil was read by Romania's Government at the end of last year,...
Authorities Want To Reduce The Number Of Taxes To Below 100 – PM Adviser
Romanian authorities are looking into reducing the number of taxes from 230 to below 100, as recommended by the World Bank, Andreea Paul, adviser to the prime minister, said Friday.
Government To Borrow Money From Treasury Again To Finance EU-Funded Projects
The Romanian Government will borrow 750 million lei (EUR171.2 million) from the Treasury to cover payments for projects carried out through the EU-funded regional operational program (POR) i...
Romania’s Government OKs Chevron For Shale Gas Drilling
Romania’s government approved the exploration and drilling agreements concluded between local mineral resources agency ANRM and US oil group Chevron for three Black Sea blocks.
Romanian Experts To Assist Local Companies, Authorities In Developing EU-Funded Projects
The Romanian Government on Tuesday decided to set up a group of experts that will assist local companies and authorities in developing EU-funded projects.
Orban: EC Willing To Redirect Funds To Building Thermal Rehab, Beneficiaries Must Chip In
The European Commission is willing to direct funds from programs that failed to absorb the sums allotted to building thermal rehabilitation projects, Romanian European Affairs Minister Leona...
Romania To Start Floating Electrica Units
Romanian authorities decided the start of procedures to list 15% stakes in electricity distributors Electrica Distributie Transilvania Sud, Electrica Distributie Transilvania Nord and Electr...
Government Wants To Restart Negotiations To Recover Debts Owed By Oil Company Rompetrol
Romanian Prime Minister Mihai Razvan Ungureanu has decided to restart negotiations with Kazakh state-owned company KazMunayGas to recover oil group Rompetrol’s debts to the state budget, Gov...