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Automotive

Finance Ministry Approves EUR10.5M In Aid For Cord Romania, ContiTech Fluid Automotive

Romania's Finance Ministry this week approved providing state aid in the amount of EUR10.5 million for investments carried out by Cord Romania and ContiTech Fluid Automotive.

Radu Bostan · 05.10.2011 · 17:16 · 1 min
Social/Politics

Senators Tacitly Adopted Opposition’s Draft Labor Code

The Romanian Senate tacitly adopted on September 28 the draft Labor Code put forward by the opposition Social Liberal Union, the institution said Wednesday.

Ioana Tudor · 05.10.2011 · 15:40 · 1 min
Isarescu: I’m Not Against Lower Social Security Taxes
Banks-Insurance

Isarescu: I’m Not Against Lower Social Security Taxes

Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur...

Florentina Dragu · 05.10.2011 · 15:16 · 1 min
Energy

Romanian Senate Rejects Bill Keeping Gas Prices Unchanged For 9 Months

Romanian senators on Wednesday rejected 47 to 46 votes a government emergency ordinance that kept regulated prices on natural gas unchanged for household consumers and power producers delive...

Oana Gavrila · 05.10.2011 · 15:10 · 1 min
Social/Politics

Romanian PM Says Not Considering Cabinet Reshuffle

Romanian Prime Minister Emil Boc said Wednesday the Government has taken no institutional steps to reshuffle the Cabinet.

Ioana Tudor · 05.10.2011 · 14:26 · 1 min
Social/Politics

Romania's Welfare Bill Will Pass Tacitly In Senate - Ruling Party MP

Cristian Radulescu, leader of the Democratic Liberal Party group in Romania's Senate, said Wednesday that the welfare bill, debates on which have been postponed several times, will eventuall...

Radu Bostan · 05.10.2011 · 14:19 · 1 min
ANRP Head Resigns, Prime Minister Names Replacement
Capital Market

ANRP Head Resigns, Prime Minister Names Replacement

The chairperson of the Property Restitution Authority (ANRP), Crinuta Dumitrean, resigned on October 4, and she will be replaced by Dorina Danielescu, by order of the prime minister.

Andrei Cîrchelan · 05.10.2011 · 13:51 · 1 min
Union Leader At Nokia Romania Confirms Collective Work Contract Doesn’t State Severance Pay
Social/Politics

Union Leader At Nokia Romania Confirms Collective Work Contract Doesn’t State Severance Pay

Nokia Metal union leader Valentin Ilcas confirmed Wednesday that the collective work contract unionists at Nokia’s plant in Jucu, Romania, signed with the company does not state the granting...

Ioana Tudor · 05.10.2011 · 13:49 · 1 min
Social/Politics

Local Authorities In Cluj To Step In Negotiations On Severance For Nokia Employees

The Cluj county council will step in negotiations between unionists at Nokia’s plant in Jucu, Romania, and the mobile company’s management on the severance package for the 2,200 employees to...

Ioana Tudor · 05.10.2011 · 12:35 · 1 min