Social/Politics
Government To Hire Staff To Speed Up EU Fund Absorption
The Romanian Government decided Tuesday to change the organizational chart at the ministries of Labor and Education and increase the number of positions by 71 to speed up EU fund absorption.
Isarescu: Romania’s Central Bank Keeps Hefty Cash For Banking Panic
Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank...
Car Tax Will Bring Only RON624M To Romania's Budget
The Romanian Government estimates the car pollution tax will bring total revenues of only 624 million lei (EUR143 million) to the state budget in 2012, three times lower than last year’s for...
Erste's CEO About Romanian Government Change: Very Encouraging Moves
Andreas Treichl, the chief executive of Austria's Erste Group Bank (EBS.RO), says he is confident the finance and transport ministers in Romania's new government will show good performance.
INS: Romania's Average Net Wage Down 8.5% To RON1,467 In January
The average net salary in Romania fell 8.5% month-on-month to 1,467 lei (EUR337) in January, from RON1,604 in December, when holiday bonuses were paid, the statistics institute INS said Tues...
Bucharest City Hall Forced To Cut Budget By RON1B
The Bucharest City Hall has to find solutions for drastic budget cuts of 1 billion lei (EUR230 million) this year, as revenues are dwindling and the institution has already run out of the ca...
Senate Tacitly Adopts Bill Punishing Assault Against Medical Staff
The Romanian Senate on Monday tacitly adopted a bill whereby aggravated assault against medical staff will be punishable by up to 12 years in prison.
Two Dead, Six Injured In Armed Attack In Bucharest
A Romanian police officer opened fire Monday evening in a hair salon in Bucharest, killing two people and injuring six others.
Raiffeisen Sees No Room For Populist Measures In Romania
Romania’s reshuffled government is likely to continue the main fiscal and economic policies initiated by the former cabinet, as any populist measure, such as higher pensions or salaries in t...