PROGRAM
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Convergence Program For 2014-2107: Romania To Hike Wages Of Low-Income Youths
The Romanian Government will apply the law regulating public sector wages so as to increase the salaries of low-income youths, according to the government’s convergence program for 2014-2017...
IMF Sees Political Risks To Program Goals In Romania
The Romanian government is facing mounting pressures to relax fiscal policies and slow down reforms ahead of the presidential elections in November, the International Monetary Fund said in a...
Norway, Iceland, Liechtenstein Donate EUR8M To Romania For Energy Efficiency Programs
Norway, Iceland, and Liechtenstein are donating EUR8 million to Romania to fund energy efficiency programs targeting lower carbon emissions.
Romania's Return To 19% VAT Conditioned By Over 3% GDP Growth, PM Says
Prime Minister Victor Ponta said Romania can return to a 19% sales tax provided its economy keeps last year’s growth rate of over 3%.
Romania Aims To Boost EU Fund Absorption Rate By 50%-80% By End-2015
Romania’s new Cabinet wants to increase the absorption rate on European Union structural and cohesion funds by 50% to 80% by the end of 2015, according to its new governing program.
Government Mulls Broadening Tax Base, Progressive Taxation, VAT Cut
The new government program stipulates the broadening of the tax base, lower VAT for basic food products, the return to 19% VAT and lowering of social security contributions, if allowed by th...
Romania Invested EUR5.87B Through Rural Development Program In 2007-2013
Romania invested EUR5.78 billion through the National Rural Development Program in the 2007-2013 period, according to Agriculture Ministry data.
2014 Will Be The Last Year Of Clunkers Program In Romania
The members of the Automotive Manufacturers and Importers Association (APIA) said 2014 will be the last year when Romania will carry out the government-backed cash-for-clunkers program.
EU Money For Transport Is Released, But Money For Major Companies Remains Unavailable
The Romanian Transport Ministry announced on Tuesday that the EUR4.5 billion European program for financing transport infrastructure has been unlocked, but it remains to be seen what will ha...