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Vasilescu (BNR): Wage Hikes For Health, Education Staff Could Take Romania Back To 2008
Social/Politics

Vasilescu (BNR): Wage Hikes For Health, Education Staff Could Take Romania Back To 2008

The salary increases for the health and education staff recently approved by the Parliament’s labor and budget committees could take Romania back to 2008, when the Parliament gave with one h...

Gabriela Stan · 02.11.2016 · 12:49 · 1 min
Impact Of Public Sector Wage Bill On Budget At RON4.8B, Romania Risks Excessive Deficit - FinMin
Macroeconomics

Impact Of Public Sector Wage Bill On Budget At RON4.8B, Romania Risks Excessive Deficit - FinMin

Finance Minister Anca Dragu said Tuesday that the budget deficit is estimated to exceed 3% of the GDP, referring to the bill on public sector wages, unless other expenses are cut.

Gabriela Stan · 01.11.2016 · 19:30 · 1 min
Constitutional Court: Debt Discharge Law Partially Unconstitutional
Social/Politics

Constitutional Court: Debt Discharge Law Partially Unconstitutional

The Constitutional Court ruled Tuesday that the debt discharge law, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, is p...

Gabriela Stan · 25.10.2016 · 15:00 · 1 min
Social/Politics

Government Challenges CHF Conversion Law At Constitutional Court - Sources

The Romanian Government will challenge the law regarding the conversion of Swiss franc loans into Romanian lei at the Constitutional Court, according to government sources.

Gabriela Stan · 25.10.2016 · 09:28 · 1 min
Romania, First EU Member State To Be Lifted Ex-ante Conditionalities On State Aid
Social/Politics

Romania, First EU Member State To Be Lifted Ex-ante Conditionalities On State Aid

The European Commission (EC) has formally notified Romania as regards lifting the ex-ante conditionalities concerning the existence of a legislative framework for the actual enforcement of E...

Ecaterina Craciun · 18.10.2016 · 13:04 · 1 min
Kmen, Agriculture Support Agency: Subsidy/Hectare Expected To Reach Nearly EUR130 In 2017
Social/Politics · Agrobusiness 2016

Kmen, Agriculture Support Agency: Subsidy/Hectare Expected To Reach Nearly EUR130 In 2017

The subsidy per hectare cashed by farmers will increase by nearly EUR50 in 2017 and is expected to reach nearly EUR130, Paul Kmen, deputy general manager of Romania's agriculture support age...

Ecaterina Craciun · 17.10.2016 · 11:55 · 1 min
INS: Romania’s Agricultural Output Down 6.8% In 2015, To RON68.7B
Social/Politics

INS: Romania’s Agricultural Output Down 6.8% In 2015, To RON68.7B

Romania’s total agricultural output reached RON68.7 billion in 2015, down 6.8% compared with 2014, according to data provided by the statistics institute INS.

Ecaterina Craciun · 14.10.2016 · 12:00 · 1 min
Klaus Iohannis: Romanian Economy On Robust Growth Path
Companies

Klaus Iohannis: Romanian Economy On Robust Growth Path

President Klaus Iohannis said that the Romanian economy is currently on a robust growth path, increasing by 5.2% in the first six months of 2016, which turns Romania into a ”European champio...

Gabriela Stan · 11.10.2016 · 11:57 · 1 min
Gothaer Asigurari: Over 75,000 Hectares In Romania Affected By Hail And Storms In 2016
Social/Politics

Gothaer Asigurari: Over 75,000 Hectares In Romania Affected By Hail And Storms In 2016

Over 75,000 hectares of farmland in Romania have been affected this year by hail, storms and floods, compared to some 15,000 hectares in the previous agricultural year.

Ecaterina Craciun · 03.10.2016 · 13:04 · 2 min