Social/Politics
Government Adopts Decree Slashing 3,000 Jobs In Central Administration
Romania’s Government on Wednesday adopted an emergency ordinance laying off nearly 3,000 people in central administration jobs and eliminating vacancies in local and central administration,...
Lowering Referendum Quorum To 30% From 50% Constitutional If Not Applied For One Year
Romania’s Constitutional Court on Wednesday decided the law lowering the required quorum on national referendums to 30% from 50% of eligible voters is constitutional as long as the measure i...
Romania To Eliminate About 3,000 Occupied Positions In Central Administration
Romania will lay off employees of ten ministries by eliminating 2,860 occupied positions, or 4% of total staff, and will wipe out vacancies in local and central administration, except vacant...
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...
Romania Budget Deficit Shrinks To 1.05% Of GDP In First 5 Months
Romania’s consolidated budget posted a deficit of 6.56 billion lei (EUR1.46 billion) in the first five months of 2013, equal to 1.05% of the gross domestic product, Finance Ministry data sho...
EU Unlocks Payments To Romania Under 2007-2013 Transport Operational Program
The European Commission has unlocked payments for the 2007-2013 Transport Sector Operational Program (POS T), the Romanian Transport Ministry said in a statement Tuesday.
BRD: Romania Doesn’t Afford Much Fiscal Space For Public Investment
The current fiscal climate in Romania doesn’t afford much space for massive public investment and the country’s only solution would be to become friendlier towards the markets, an official o...
Government Considers Raising Funds For First Home Mortgage Lending Program
Romanian authorities are looking to increase funding for the state-guaranteed First Home mortgage lending program, as current financing is estimated to be depleted in September-October, and...
Vasilescu, BNR: Very Few Consumers Still Eligible For Loans
Retail lending in Romania has reached an impasse after most of the consumers eligible for financing have already taken out loans, leaving banks with very few options to find new clients, an...