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Government Approves 2012 State Budget Draft
Macroeconomics

Government Approves 2012 State Budget Draft

The Romanian Government on Friday approved the draft 2012 state budget, which will be sent to parliament for approval.

Ioana Tudor · 25.11.2011 · 16:30 · 1 min
Social/Politics

Romanian Farmers To Receive Friday EUR132.4M In Advance Payments

Romania’s Agency for Payments and Intervention in Agriculture (APIA) on Friday, November 25, will pay 577 million lei (EUR132.4 million) to 351,000 farmers within a state aid campaign (SAPS...

Ioana Tudor · 25.11.2011 · 13:58 · 1 min
Former Labor Minister Seitan To Head Romania's Private Pension Guarantee Fund
Banks-Insurance

Former Labor Minister Seitan To Head Romania's Private Pension Guarantee Fund

Romania’s private pension system regulator CSSPP has appointed former labor minister Mihai Seitan to head the private pension guarantee fund for the next four years.

Oana Gavrila · 25.11.2011 · 12:58 · 1 min
Romania To Determine No. Of State Employees To Be Laid Off In Each Sector In 2012
Social/Politics

Romania To Determine No. Of State Employees To Be Laid Off In Each Sector In 2012

Romania’s Labor Minister Sulfina Barbu said Friday, referring to the 120,000 public sector employees to be laid off next year, that authorities are analyzing the matter to see how many state...

Ioana Tudor · 25.11.2011 · 12:54 · 1 min
Oltchim Maintains Furlough Throughout December
Energy

Oltchim Maintains Furlough Throughout December

Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material...

Andrei Cîrchelan · 25.11.2011 · 10:29 · 1 min
Nokia Closes Romanian Plant Next Week, 500 Employees Laid Off As Of Friday
Technology &Telecoms

Nokia Closes Romanian Plant Next Week, 500 Employees Laid Off As Of Friday

Five hundred of the 1830 employees in Nokia’s Romanian production unit are leaving the company Friday and the rest will be leaving gradually by Wednesday, November 30, when the plant shuts d...

Oana Gavrila · 25.11.2011 · 10:28 · 1 min
Social/Politics

Romania, Israel Sign Agreement Easing Workforce Movement

Romanian Labor Minister Sulfina Barbu and Israeli Interior Minister Eliyahu Yishai on Thursday signed an agreement to step up negotiations to allow for temporary employment of Romanians in t...

Ioana Tudor · 24.11.2011 · 16:09 · 1 min
Romania Has Lowest Obesity Rate In EU - Eurostat
Health

Romania Has Lowest Obesity Rate In EU - Eurostat

Romania registers the lowest obesity rate in the European Union, of 8% for women and 7.6% for men, reveals a Eurostat research published Thursday by the European Commission.

Ioana Tudor · 24.11.2011 · 15:15 · 1 min
Energy

European Commission Takes Bulgaria, Romania To Court On Gas Market Transparency Flaws

The European Commission took Romania and Bulgaria to the European Court of Justice, claiming the two states do not offer backhaul at all interconnection points, which blocks newcomers to the...

Andrei Cîrchelan · 24.11.2011 · 15:07 · 1 min