Social/Politics
Ponta Changes Education Minister Nomination
Romania’s Prime Minister-designate Victor Ponta on Sunday evening pulled his nomination of Corina Dumitrescu for education minister and appointed social democrat senator Ioan Mang instead.
New Government To Free Up EUR400M For Consumer Spending And Drive Deficit To 2.2% Of GDP
The gradual restoration of public sector wages and paying back health insurance contributions collected from pensioners could have a negative impact of about 1.7 billion lei (about EUR400 mi...
Romania Won’t Tap Into Reserves For Public Wage Hikes
Romania’s EUR5 billion reserve at the Finance Ministry is intangible and will be used only to pay loans due in 2012, while public wages will be raised by agreeing with the iMF to raise the b...
Basescu “Unreservedly” Backs Restoring Public Wage To Pre-Austerity Levels
Romanian President Traian Basescu told a news conference Sunday he unreservedly supports restoring public wages to pre-austerity levels.
Basescu Wants Pension, Social Security Deficits Unchanged Amid Wage Raise Plans
Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Mo...
IMF, EU To Allow Romania To Raise Public Wages 8% As Of June
The International Monetary Fund and European Commission have accepted Romanian authorities’ plans to restore public wages to pre-austerity levels gradually, with a first raise, of 8%, to tak...
Romania To Keep Gas Prices Unchanged This Year
Romania will keep gas prices unchanged this year both for household and non-household consumers, Economy Minister-designate Daniel Chitoiu told International Monetary Fund and European Commi...
Romania To Privatize Oltchim In September, Resume Cupru Min Sale
Romania will privatize chemical producer Oltchim Ramnicu Valcea (OLT.RO) in September and resume the sale of copper producer Cupru Min, the country’s minister-designate for economy, Daniel C...
Romania Runs Budget Deficit For Third Straight Month In April
Romania’s consolidated budget posted its third consecutive monthly deficit in April, despite a record growth in revenue, official sources said Friday.