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Dragoi: Public Sector Wage Restoration Would Need RON2B Yearly
Macroeconomics

Dragoi: Public Sector Wage Restoration Would Need RON2B Yearly

A 16% increase in public sector wages starting June would have an impact of 2 billion lei (EUR459 million) per year, Romania’s Finance Minister Bogdan Dragoi said Friday.

Andrei Cîrchelan · 09.03.2012 · 13:39 · 1 min
Romania FinMin: Government Mulls Higher Wages, But Deficit Target Stays
Macroeconomics

Romania FinMin: Government Mulls Higher Wages, But Deficit Target Stays

The Romanian government is searching for solutions to boost per capita income, but only if the measures don’t affect the budget deficit target for 2012 and they prove financially sustainable...

Florentina Dragu · 09.03.2012 · 13:36 · 1 min
Macroeconomics

Romania Jobless Rate Flat At 5.27% In February

Romanian unemployment rate was virtually unchanged at 5.27% in February, from 5.26% a month earlier, the country’s employment agency ANOFM said Friday.

Florentina Dragu · 09.03.2012 · 13:33 · 1 min
Dangerous Work Bonus For CNH Miners Might Be Raised In May
Energy

Dangerous Work Bonus For CNH Miners Might Be Raised In May

Miners of four of the units operated by Romanian coal company CNH might have hazardous work bonuses increased by 100 lei (about EUR23) in May, after energy company Complexul Energetic Hunedo...

Ioana Tudor · 08.03.2012 · 19:44 · 1 min
Fitch: Restoring Public Wages In Romania To Raise Deficit Again
Macroeconomics

Fitch: Restoring Public Wages In Romania To Raise Deficit Again

Restoring the public wages to pre-austerity levels in Romania would impact not only the budget deficit, but would likely trigger a series of additional negative effects in the economy, such...

Florentina Dragu · 08.03.2012 · 17:29 · 1 min
Health Ministry Wants To Bring To Romania 34 Cheap Cancer Drugs
Social/Politics

Health Ministry Wants To Bring To Romania 34 Cheap Cancer Drugs

The Romanian Health Ministry will sign a collaboration protocol with state-run drugmaker Antibiotice Iasi and company Unifarm to acquire 34 cheap cancer medicines that are not available on t...

Ioana Tudor · 08.03.2012 · 15:44 · 1 min
EU Clears Romanian Oltchim’s Debt-Swap Deal
Energy

EU Clears Romanian Oltchim’s Debt-Swap Deal

The European Commission has authorized Romania’s planned debt-to-equity conversion of public debt amounting to around EUR135 million for chemical producer Oltchim SA (OLT.RO), state official...

Florentina Dragu · 08.03.2012 · 13:21 · 1 min
Social/Politics

Basescu Signs Bill Against Domestic Violence Into Law

Romanian President Traian Basescu on Thursday signed into law a bill for he prevention and fight against domestic violence, the president’s office said in a statement.

Oana Gavrila · 08.03.2012 · 12:54 · 1 min
Romania Expects To Be Allowed In Schengen Area In September - Minister
Social/Politics

Romania Expects To Be Allowed In Schengen Area In September - Minister

Romanian Interior Minister Gabriel Berca said he received positive signals that a decision allowing Romania to join the visa-free Schengen area will be made in September.

Oana Gavrila · 08.03.2012 · 11:57 · 1 min