Social/Politics
Political Instability Worsens As Romanians Vote To Keep Or Remove President From Office
The start of suspension proceedings against president Traian Basescu makes way for a long period of uncertainty because after suspension will come weeks of campaign ahead of the referendum w...
Government Considers Lowering Drug Clawback Tax
Romania's Government is considering lowering the clawback tax charged to drug producers, with the hit in budget revenue to be borne by the Health Ministry.
Government Reorganizes Consumer Protection Authority
Romania's Government has issued a decision on the organization and operation of the National Consumer Protection Authority (ANPC), which will have eight regional offices instead of 42 office...
President Impeachment Request To Be Read Out In Parliament Thursday Morning
The Romanian Parliament’s standing bureaus decided Wednesday the Parliament will convene Thursday at 10 a.m. to read out the request to impeach President Traian Basescu, submitted by the rul...
Romania OKs Setup Details Of World’s Most Powerful Laser At Magurele
The Romanian Government has approved Wednesday the technical-economic details for the construction of the world’s most powerful laser in the southern town of Magurele, a EUR389 million inves...
Romanian FinMin: Leu Weakens On Eurozone Turmoil, Not Political Unrest
The Romanian leu’s depreciation against the euro is influenced by external factors rather than the political tensions at home, Finance Minister Florin Georgescu said Wednesday, adding that t...
Romania Cuts Industrial Property Taxes, Keeps Them Unchanged Until 2014
Industrial property taxes will be cut to the level applied in 2006 and will be kept unchanged for two more years, until 2014, according to an emergency ordinance approved by the Romanian Gov...
Employees Of Oltchim Resume Protests, Blame On Economy Ministry
Unionists at Romanian chemical producer Oltchim (OLT.RO) said they will resume protests Thursday, blaming the company's majority stockholder, the Economy Ministry, for postponing several iss...
Tax Authority To Have New Antifraud Division
The Romanian Government has decided to set up a General Integrity Department within the country’s tax authority ANAF, which will be tasked with preventing and fighting tax fraud, Government...