GOVERNMENT
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Government Cuts Education Budget, Allots More To Presidency, Intel Services In 2012
Romania's Government will reduce the budgets of half of the country’s ministries next year, including Education, Culture, Agriculture and Justice, as well as the budget of the Parliament, bu...
Government Sees Jobless Rate In 2012 Down Slightly To 4.5%
Romania's Government expects the average unemployment rate to drop slightly next year, to 4.5% from this year's projected 4.9%, with the number of people out of work to decrease by 35,000, d...
State Companies To Freeze Hiring, Limit Wage Expenses In 2012
Romanian state companies and autonomous departments will freeze hiring next year, and those which register losses or receive state subsidies must limit wage expenses to this year’s level, ac...
Romania's Draft 2012 Budget Includes No Salary Or Pension Raises
Romania's draft budget for 2012 states pensions will be frozen in the entire year, with no mention of possible raises in the second half, and will again require a transfer of 13.8 billion le...
Romania To Pay Court-Won Wage Rights In Quarterly Tranches In 2012
Romania's Government has reduced the share of salary rights won in court by public sector employees to be paid next year from 33% to 5%, disbursable in equal quarterly installments, accordin...
Government To Cut Almost RON2B In Revenue For Local Budgets In 2012
Romania's Government next year will reduce the share of income tax collections provided to local authorities and will cut transfers to local budgets from taxes on pensions, denying mayors a...
Cuts Expected At Romania’s 2nd Budget Revision In November
Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday.
Romania Approves Two Road Upgrade Projects, Worth RON309M
Romania's Government on Wednesday approved the technical-economic indicators for two projects, worth a total 308.84 million lei (EUR71 million), to strengthen three sectors of road DN 2A Har...
Businesspeople Call For Slimmer Government Apparatus, More Investments
Stimulate investments and make sure they are not made only on paper! This is the most important piece of advice that Romanian entrepreneurs have for the government, which should take a close...