Social/Politics
Oltchim’s Privatization To Kick Off With Sealed-Bid Auction Sept 14
The Romanian government has modified the privatization chart for state-run chemical company Oltchim SA (OLT.RO) and announced that will start the proceedings with a sealed-bid auction instea...
Transgaz Expects 6.4% Lower Profit In 2012
Romania’s state-run natural gas pipeline operator Transgaz Medias (TGN.RO) estimates its net profit will fall 6.4% to 355 million lei (EUR78.3 million) in 2012, from RON379.5 million in the...
Prosecutor General Asks Parliament For Permission To Probe Former Minister Dobre
Romania's General Prosecutor's Office has asked the Chamber of Deputies for approval to begin the criminal investigation of Victor Paul Dobre, deputy and former Minister of Administration, w...
Analysts Say Derogation To Fiscal Law Signals Non-Predictability Of Fiscal Policies
The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget ad...
Romania Asks IMF For Delay Before Introducing Copayment In Healthcare – Sources
Romania's Government has asked the International Monetary Fund to agree to delaying the introduction of copayment in healthcare, people close to the matter told MEDIAFAX, adding that the Fun...
Higher Healthcare Contributions Seen Leading To Illicit Labor, Layoffs
Charging healthcare contributions as a share of the national average wage for employees earning less will encourage illicit labor, layoffs and restrict the hiring of young graduates, especia...
Romania To Borrow Money From Treasury Again For EU-Funded Projects
Romania’s Government wants to borrow 400 million lei (EUR88.3 million) from the Treasury to cover payments for the EU-funded operational program “Increasing Economic Competitiveness”.
Ponta: Government Will Adopt Bill To Refund Car Tax Collected Illegally
Romania’s Government must adopt a normative act to return the car tax collected illegally and settle the legal actions started by car owners to recover their money, Prime Minister Victor Pon...
Government Derogates From Fiscal Responsibility Law To Raise Staff Expenses
Romania’s Government will derogate from the fiscal responsibility law to raise staff expenses, following an increase in public sector salaries, according to a draft of this year’s first budg...