11.17.2011

Romanian public officials whose residences will be sold by RA-APPS, the authority that manages government buildings, will have to find a new home on the market, but their rent up to 18,600 lei more

11.16.2011

Romania’s ruling coalition leaders decided Wednesday that the draft 2012 state budget will be approved by the Government next week, most likely in a special meeting, people close to the talks told more

11.15.2011

Romania's Government has decided not to subsidize the construction of homes through mortgage loans, arguing that budget revenues are insufficient to continue support for this program, and will limit more

11.15.2011

President Traian Basescu said late Monday on public television he would quickly accept replacing Cabinet members but the prime minister needs to stay to ensure stability. more

11.15.2011

The 67-page report accompanying the 2012 state budget draft does not include even a single mention of the privatization of state-owned companies and of the sale of shares via the Bucharest Stock more

11.15.2011

The Romanian government will provide over EUR10 billion through a support scheme for green energy projects, but has no certainty that this money, which will be paid through individuals’ and more

11.14.2011

Romanian homeowners who let between one and five rooms to tourists will be able to declare their income and pay taxes without registering as self-employed persons, according to a draft amendment to more

11.12.2011

Romania's investment spending will rise next year by 3.3 billion lei (EUR758 million), to RON38.7 billion, and the share of funds allotted for these projects will be increased from 6.4% to 6.5% of the more

11.12.2011

Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion) next more

11.11.2011

Romania's Government wants to get 706 million lei (EUR164 million) next year from the sale of state-owned buildings managed by RA-APPS, compared with the RON1.8 million it estimates it will earn this more

11.11.2011

Romania's Government will reduce the budgets of half of the country’s ministries next year, including Education, Culture, Agriculture and Justice, as well as the budget of the Parliament, but will more

11.11.2011

Romania's Government expects the average unemployment rate to drop slightly next year, to 4.5% from this year's projected 4.9%, with the number of people out of work to decrease by 35,000, down to more

11.11.2011

Romanian state companies and autonomous departments will freeze hiring next year, and those which register losses or receive state subsidies must limit wage expenses to this year’s level, according more

11.11.2011

Romania's draft budget for 2012 states pensions will be frozen in the entire year, with no mention of possible raises in the second half, and will again require a transfer of 13.8 billion lei (EUR3.17 more

11.11.2011

Romania's Government has reduced the share of salary rights won in court by public sector employees to be paid next year from 33% to 5%, disbursable in equal quarterly installments, according to the more

11.11.2011

Romania's Government next year will reduce the share of income tax collections provided to local authorities and will cut transfers to local budgets from taxes on pensions, denying mayors a source of more

11.10.2011

Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday. more

11.10.2011

Romania's Government on Wednesday approved the technical-economic indicators for two projects, worth a total 308.84 million lei (EUR71 million), to strengthen three sectors of road DN 2A more

11.10.2011

Stimulate investments and make sure they are not made only on paper! This is the most important piece of advice that Romanian entrepreneurs have for the government, which should take a closer look at more

11.09.2011

Romania will consider the VAT for EU-funded projects an eligible cost to be compensated from community funds starting next year, but only for contracts signed after January 1, 2012, and some programs more

11.09.2011

Romania’s minister of Justice will be allowed to start disciplinary proceedings against judges and prosecutors in grounded cases, according to a bill drafted by the Government. more

11.09.2011

The long-awaited new investments financed and accepted as completed by the government in the first half of this year, which should have given the economy a boost, actually dropped by almost 60% more

11.09.2011

Lower spending on public sector employees and especially on those in the police and military, along with continued investments in upgrading the state apparatus should be priorities on the agenda of more

11.08.2011

The Government needs to cut the number of public sector employees, continue investments but not in the unprofitable state-owned companies, and ensure transparency of spending by putting people in more

11.03.2011

German car part maker Draexlmaier wants to expand the production capacities of its plants at Satu Mare, Codlea and Hunedoara, and develop its collaboration with Romanian universities for employee more