Labor Minister Regrets Child Allowances, Salaries Could Not Be Raised As Of March 1

After President Klaus Iohannis announced on Wednesday that he will resend the 2019 state budget to the Parliament, Labor Minister Marius Budai expressed his regret that child allowances and salaries can no longer be raised as of March 1.

Budai also said the government and the Labor Ministry did their job and issued an emergency decree in this respect.

The minister added the 2019 state budget bill is a priority for lawmakers, therefore, they will vote on it again as soon as possible and then send it back to President Iohannis.

Budai concluded saying that lawmakers will seek the shortest procedure in the Parliament.

Iohannis announced on Wednesday that he will resend the 2019 state budget to the Parliament, after the Constitutional Court rejected his challenge on the bill earlier in the day. (puterea.ro)  

Manchester United Qualify For Champions League Quarterfinals

Manchester United have qualified for the Champions League quarter-finals after dramatically beating Paris Saint-Germain 3-1 at the Parc des Princes.

Romelu Lukaku scored a first-half brace to give United hope, before Marcus Rashford scored with a controversial late penalty at the death.

This was a performance that Ole Gunnar Solskjaer and the club’s fans can be immensely proud of.

United were without a number of first-team players for Wednesday night’s match and very few people thought they stood a chance.

Even the bookmakers were offering odds of around 20/1 for United to progress prior to kick-off. (romanialibera.ro)

Pillar II Fund Managers Blackmailed Into Investing In Government’s Projects

The government is trying to blackmail the managers of mandatory private pension funds into investing in public-private partnerships, although the provisions of emergency decree no. 114 say otherwise.

The amendments brought to Law no. 411/2004, through emergency decree no. 114, show that the managers of mandatory private pension funds can invest in “strategic investment projects in public-private partnership approved through government decision”, just the way they currently invest in various securities and state paper.

”The capitalization quotas of private pension funds are negotiable inasmuch as there will be an agreement with the government regarding the private pension funds’ investments in major projects for Romania, targeting the healthcare, energy, infrastructure and the SME sector”, said Finance Minister Eugen Teodorovici.

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