11.23.2011

Ziarul Financiar this week started a campaign about the management of the 195 billion lei (EUR45 billion) that the government hopes to collect for the general consolidated budget in 2012, as indicated more

11.22.2011

The leaders of Romania's private pension system regulator (CSSPP) will be appointed by the vote of the majority of MPs present during their validation, no longer requiring the support of the majority more

11.22.2011

Romanian military personnel, police agents and special employees of the defense and prison administration systems will be required to sign up for a private pension within seven months, with the more

11.22.2011

ZF starts a campaign Tuesday to monitor how the 195 billion lei (EUR45 billion) that the government expects to collect for the consolidated budget in 2012, as indicated by the budget bill, will be more

11.22.2011

The pressure on leu interests will go up again and the government will remain trapped in short-term funding on the local market. In a worst case scenario, Romania might end up borrowing money from the more

11.18.2011

Romania's Government will exempt public institutions and RA-APPS, the authority that administers government real estate properties, from paying local taxes on their buildings, says the emergency more

11.18.2011

Romania’s Government will transfer the Bucharest headquarters of the ruling Democratic Liberal Party and the Hungarian minority party UDMR from the public to the private domain of the state, which more

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