GOVERNMENT
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Romania’s Ruling Coalition Puts Off Approval Of Draft 2012 State Budget Until Next Week - Sources
Romania’s ruling coalition leaders decided Wednesday that the draft 2012 state budget will be approved by the Government next week, most likely in a special meeting, people close to the talk...
Government Cuts Subsidy For Residential Construction Through Mortgage Loans
Romania's Government has decided not to subsidize the construction of homes through mortgage loans, arguing that budget revenues are insufficient to continue support for this program, and wi...
President Says Would Welcome Government Reshuffle
President Traian Basescu said late Monday on public television he would quickly accept replacing Cabinet members but the prime minister needs to stay to ensure stability.
No Mention Of Any Privatization Or Listing Of State-Run Companies In 2012 Budget Draft
The 67-page report accompanying the 2012 state budget draft does not include even a single mention of the privatization of state-owned companies and of the sale of shares via the Bucharest S...
How Can The Government Prevent Renewable Energy Investors From “Exporting” The EUR10B Support Scheme?
The Romanian government will provide over EUR10 billion through a support scheme for green energy projects, but has no certainty that this money, which will be paid through individuals’ and...
Romanian Homeowners May Pay Taxes As Individuals For Up To 5 Rooms Let To Tourists
Romanian homeowners who let between one and five rooms to tourists will be able to declare their income and pay taxes without registering as self-employed persons, according to a draft amend...
Romania's Investment Budget At 6.5% Of GDP In 2012
Romania's investment spending will rise next year by 3.3 billion lei (EUR758 million), to RON38.7 billion, and the share of funds allotted for these projects will be increased from 6.4% to 6...
Government Wants To Reduce State Enterprise Arrears By RON5-6B In 2012
Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion)...
Romania Wants To Get EUR164M Selling Government Buildings Next Year
Romania's Government wants to get 706 million lei (EUR164 million) next year from the sale of state-owned buildings managed by RA-APPS, compared with the RON1.8 million it estimates it will...