Social/Politics
CEOs To Politicians: Lack Of Order And Of Competence In Administration Are Undermining Business
The lack of order in the administration and the lack of competence of decision makers, fiscal shocks and uncertainty over business-oriented legislation are stifling business more than the in...
Romania To Set Up Natural Gas Exchange By 2013
Romanian authorities plan to set up a trading exchange in the natural gas market by January 2013, according to a memorandum signed with the International Monetary Fund.
Drug Producers Might Withdraw Products From Discounted, Free Medicine List
Romanian drug producers will withdraw products from the discounted and free medicine list if the Government fails to revise the clawback tax.
CFR To Get State Loan For Paying Debts To Energy Suppliers
Romania's Government will give national railway administrator CFR a loan to pay its arrears to the private energy suppliers and will issue an ordinance whereby CFR will pay only the principa...
Romania To Raise Electricity Tariffs By 5% Next Month
Romania’s new government has pledged to increase by 5% the administered prices for electricity by the end of June, according to a memorandum signed with the International Monetary Fund.
Romanian Drug Producers Brace Themselves To Fight Down Clawback Tax
Romanian drug producers said Monday they cannot pay the clawback tax, which might bring some EUR400 million to the state budget this year, or 33.6% of producers’ discounted drug sales.
Cluj Authorities To Give Airlines EUR5M Subsidy To Serve New Routes
The Cluj County Council on Monday approved financial aid of more than EUR5.2 million until 2020 for certain airlines, to launch new flights or raise their frequency, with a view to increasin...
Health Ministry Set To Find Solutions To Avoid Medicine Supply Deadlock
Romania’s Health Minister Vasile Cepoi said ministry officials are trying to find a way to solve the problems caused by charging the clawback tax to drug producers, a situation that could se...
Romania Might Cut Social Security Contributions For Employers In 2013
Romania’s Labor Ministry proposed the reduction of social security contributions by 5 percentage points for employers starting January 2013, Labor Minister Mariana Campeanu said Monday.