Social/Politics
Bucharest Seeks To Borrow EUR800M
Bucharest's General Council on Wednesday is discussing borrowing EUR800 million to be used to restructure debt and for future projects. If the councilors approve the project, and the Finance...
Government To Approve Fiscal Code, Heating Aid Act, Sale Of Electrica Stake On Wednesday
Romania's new Fiscal Code, Fiscal procedure Code, heating aid ordinance and the act on the sale of a stake in state-owned energy distributor Electrica SA will be approved by the Government i...
Light Fiscal Violations May Be Pardoned After One Year
Romanian companies that commit illegal acts which are not considered crimes and are punished only by a fine may request to have the act struck from their tax offense record after one year in...
Government Approves Creation Of Bucharest Metropolitan Transport Authority
Romania's Government on Tuesday approved the creation of the Bucharest Metropolitan Transport Authority, under the Transport Ministry, in charge of regulating and coordinating public passeng...
Health Minister: Co-payment To Regulate, Optimize Healthcare System
Co-payment in Romanian healthcare will have a regulating effect, will optimize the patient's flow through the system and will reduce the unjustified use of certain services, such as hospital...
Health Minister: New Tax System To Improve Healthcare Finances
Romania’s new Health Minister Ladislau Ritli on Tuesday presented the Health Ministry’s priorities in 2011 and said the implementation of the clawback and payback systems is meant to increas...
Romania To Raise Gold, Silver Mining Royalties To 6%
Romania will raise the royalties on gold, platinum and silver extraction to 6% of the value of production, from 4%, according to a draft ordinance by the Finance Ministry, which amends the F...
Over 400 Employees Of Oltchim Protest Against Minority Shareholder
Over 400 employees of Romanian chemical company Oltchim (OLT.RO) protest Tuesday outside the unit’s main pavilion against the policy of German PCC SE, a minority shareholder that holds 18.2%...
46,000 Layoffs And Just 12,500 New Jobs In Two Years Of Crisis
The 50 companies with the largest staffs gave up almost 46,500 employees from 2008 to 2010, a time when only one third of companies registered an increase in the number of employees.