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Romania's Spending On Healthcare Is Lowest In EU, Study Finds
Health

Romania's Spending On Healthcare Is Lowest In EU, Study Finds

Romania spends less on healthcare as a share of the GDP than any other EU state – 5.6% in 2009, compared with the EU average of 9.9%, and 3.7% in 2011, which is only two thirds of the necess...

Radu Bostan · 17.05.2012 · 18:19 · 1 min
Social/Politics

Romania Might Keep Industrial Property Taxes Unchanged At 2006 Level Until 2014

The Romanian Economy Ministry wants to keep industrial property taxes unchanged at the level applied in 2006 for two years, until 2014, and put off a 20% tax increase introduced at the begin...

Ioana Tudor · 17.05.2012 · 17:32 · 1 min
Civil Engineering To Be Romanian Construction Sector’s Main Growth Driver - Survey
Real Estate

Civil Engineering To Be Romanian Construction Sector’s Main Growth Driver - Survey

Civil engineering will be the main growth driver of Romania’s construction industry in the next years, mainly due to infrastructure projects financed with European funds, according to a surv...

Ioana Tudor · 17.05.2012 · 13:25 · 1 min
Romania Might Introduce Tax On Fast Food, Beer - Health Minister
Health

Romania Might Introduce Tax On Fast Food, Beer - Health Minister

Romania’s new healthcare law might introduce a tax on fast food and beer, Health Minister Vasile Cepoi said Thursday, adding that unhealthy foods increase the morbidity rate and must be addi...

Ioana Tudor · 17.05.2012 · 12:21 · 1 min
Romanian Labor Market Returns To Pre-VAT Hike Levels After Two Years
Macroeconomics

Romanian Labor Market Returns To Pre-VAT Hike Levels After Two Years

The number of employees in the Romanian economy reached 4.25 million people in March, marking a return to the level registered in June 2010, before the government raised the value added tax...

Neagu Bogdan Mircea · 17.05.2012 · 00:40 · 5 min
Romania Approves Taking Out EUR1B Loan From World Bank
Banks-Insurance

Romania Approves Taking Out EUR1B Loan From World Bank

The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday.

Florentina Dragu · 16.05.2012 · 16:54 · 1 min
Government Recovers Over Half Of Funds Allotted To City Halls By Former Administration
Social/Politics

Government Recovers Over Half Of Funds Allotted To City Halls By Former Administration

The Romanian Government will recover more than half of the funds allotted by the former administration to city halls controlled by the Democratic Liberal Party and the Hungarian minority par...

Ioana Tudor · 16.05.2012 · 15:46 · 1 min
Social/Politics

Timisoara Authorities Want To Award EUR11M Contract For Infrastructure Upgrade

Timisoara local authorities want to organize an auction to award an infrastructure upgrade contract worth 51.5 million (EUR11.6 million), VAT excluded.

Ioana Tudor · 16.05.2012 · 15:21 · 1 min
Social/Politics

Government To Refund Pensioners For Healthcare Contributions Collected Illegally

Romanian pensioners will be refunded their social healthcare contributions in monthly tranches and the social health insurance fund will lose over 1.5 billion lei (EUR337 million), according...

Ioana Tudor · 16.05.2012 · 14:59 · 1 min