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Government Bans Public Institutions From Buying Consultancy Services, Cuts Protocol Spending
Social/Politics

Government Bans Public Institutions From Buying Consultancy Services, Cuts Protocol Spending

Romania’s Government has banned public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...

Oana Gavrila · 24.05.2012 · 10:51 · 1 min
Bucharest, 11 Counties Under Orange Code Advisory For Heavy Rain, Thunderstorms
Social/Politics

Bucharest, 11 Counties Under Orange Code Advisory For Heavy Rain, Thunderstorms

Romanian weather authorities have issued an orange code advisory for capital Bucharest and 11 counties, where heavy rainfall and thunderstorms are expected Thursday afternoon through Friday...

Oana Gavrila · 24.05.2012 · 10:37 · 1 min
HR

Orange HR Manager: Inspectors Should Be Paid Based On How Much They Fine Informal Labor

The Labor Ministry has enough statistics to solve deficiencies on the labor market, but it needs to find simple methods to increase budget revenues and to direct the money to areas where the...

Radu Bostan · 24.05.2012 · 00:00 · 3 min
Romania Receives Formal Notification From EU Over Gas Trade Market
Energy

Romania Receives Formal Notification From EU Over Gas Trade Market

The European Commission formally notified Romania it has filed legal action with the EU Court of Justice over the country’s faulty natural gas cross-border trade regulations, Romanian Prime...

MediafaxFoto - Mediafax · 23.05.2012 · 17:48 · 1 min
Social/Politics

Government Unfreezes 500 Jobs In Healthcare System

Romania’s Government on Wednesday decided to unfreeze 500 jobs in the public healthcare system, the Health Ministry said in a press release.

Ioana Tudor · 23.05.2012 · 17:42 · 1 min
Some 3.5 Million Romanians Migrated Over Past 40 Years, Romania Lost EUR40-50 Bln
Analysis

Some 3.5 Million Romanians Migrated Over Past 40 Years, Romania Lost EUR40-50 Bln

Over 3.5 million Romanians left their country over the past 40 years, which caused Romania to lose EUR40-50 billion, which is the money spent on their education and social services, Dragos R...

Gabriel Costinel Panțiru · 23.05.2012 · 13:12 · 1 min
Businesspeople See Romanian Economy Deteriorate In Next Months - Survey
Macroeconomics

Businesspeople See Romanian Economy Deteriorate In Next Months - Survey

Businesspeople expect Romania’s economy will deteriorate in the next twelve months, impacted mainly by the lack of financing sources and investments, by corruption and delays in developing E...

Ioana Tudor · 23.05.2012 · 13:01 · 1 min
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
Banks-Insurance

Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks

The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...

Radu Bostan · 23.05.2012 · 00:00 · 4 min
Treasury Chief Says New Debt Management Plan To Cap Annual Cost Of Public Debt Service
Banks-Insurance

Treasury Chief Says New Debt Management Plan To Cap Annual Cost Of Public Debt Service

Updating Romania’s public debt management strategy, with an emphasis on limiting the annual rates and interests as share of the gross domestic product, stimulating authorized primary dealers...

Razvan Voican · 23.05.2012 · 00:00 · 2 min