06.13.2013

Romania will refrain from adopting a series of bank law initiatives that could “undermine credit discipline,” including a bill on personal bankruptcy or a debt collection bill, the government said more

06.13.2013

Romania pledges to select a buyer for a majority stake in state-owned freight railway carrier CFR Marfa on June 21, while highlighting that the completion of the transaction depends on meeting all more

06.13.2013

Romania has missed over half of its goals assumed under a two-year EUR3.6 billion loan with the International Monetary Fund due for completion in late June, including a long-overdue reduction in more

06.12.2013

Romania has increased the maximum amount it can borrow through its three-year medium term notes program to EUR8 billion from EUR7 billion initially. more

06.12.2013

Romania’s tax authority ANAF will write off the debts of state-run freight railway carrier CFR Marfa through conversion into shares, including a debt of 127.4 million lei (EUR28.3 million) CFR Marfa more

06.11.2013

Romanian Prime Minister Victor Ponta on Tuesday said the ordinance aimed at lowering the value added tax on bread from 24% to 9% would be adopted after July 1, because the government can make no more

06.07.2013

Romanian hospital manager will be fired if the healthcare units they run register overdue debts for three consecutive months, according to an emergency ordinance recently approved by the Government. more

06.04.2013

The Romanian Government has decided to put off, starting July 1, the granting of a part of green certificates to investors in micro-hydro units, wind power plants and photovoltaic power stations. more

06.04.2013

Romania’s Government will simplify expropriation procedures in view of public utility works, Prime Minister Victor Ponta said Tuesday, adding expropriation issues have prevented authorities from more

06.04.2013

Romania’s government will downsize the Executive Board of the country's Financial Supervisory Authority (ASF) and will place an 85% tax on the severance pay former members of institutions more

05.31.2013

Romania’s government has required parliament approval to issue decrees during the parliament’s summer recess, as it plans to revise the state budget, amend the Tax Code, pay off arrears, amend the more

05.29.2013

Romania’s Government Wednesday decided to extend by six months the deadline to sell a majority stake in state-owned postal operator Posta Romana after no investor was interested in buying the more

05.29.2013

Romania’s government will cap the monthly pay of state-owned company executives at six average gross wages in the field the company is present and bonuses will be granted considering performance, more

05.24.2013

Romania’s Government will halve state budget funds for local authorities to consolidate homes considered to have high seismic risk, despite warnings that many buildings might collapse in case of more

05.21.2013

The Romanian Government has increased the Health Ministry’s budget by more than 76 million lei (EUR17.4 million) so that the arrears amassed by public hospitals subordinated to local authorities can more

05.08.2013

Romania will receive $200 million following the buyback of a 26.69% stake in Rompetrol Rafinare (RRC.RO) by Kazakh state-owned company KazMunayGas, the Government said Wednesday. more

04.30.2013

The Romanian government will write off the debts of mining company Remin Baia Mare to the state budget by converting them into shares, Prime Minister Victor Ponta said Tuesday. more

04.26.2013

Romania’s government will set up a new company to deal exclusively with the Rosia Montana gold mining project, which it expects will bring several billion dollars to the state budget, could more

04.23.2013

Romania’s government has raised the advertising budget for the sale of railway freight carrier CFR Marfa to RON2.55 million from a previous RON50,000, hoping to attract a large number of prospective more

04.23.2013

The new representatives of the government to the supervisory board of oil company OMV Petrom (SNP.RO) have been officially confirmed by shareholders Monday. more

04.17.2013

The new convergence program Romania’s government will send to the European Commission will not state a deadline for the euro adoption, people familiar with the matter told Mediafax Wednesday. more

04.16.2013

The Romanian Government Tuesday allotted 425.1 million lei (EUR97 million) from privatization money for payments to beneficiaries of EU financing through four operational programs. more

04.16.2013

Romania’s Government adopted Tuesday an emergency decree containing social protection measures for employees affected by the restructuring of state-owned companies, Economy Minister Varujan more

04.12.2013

Romania’s Government considers the restitution of property nationalized under the communist regime has degenerated into a major real estate deal from the historical reparation it was supposed to be more

04.11.2013

Romania’s Government will seek a confidence vote in Parliament next Wednesday on a new bill regulating the restitution of property nationalized by the former communist regime. more