Government
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State restructuring marches on
Premier Emil Boc’s Government was only eight votes away from its second dismissal by Parliament last night, with the first having happened on October 13th 2009, which shows how fragile and...
Government removes obstacles hindering early repayment of consumer and mortgage loans
Revolution on the banking market: individual clients who took out consumer or mortgage loans in recent years and are forced by bankers to continue to pay visibly higher interests than those...
Government invests 90m euros in imported cars
The Romanian Government will spend over 180 million euros for the “Rabla” car scrappage scheme, which this year will reach almost 200,000 vouchers, after being extended for a third time, by...
Government takes road of no return today
The Government is assuming responsibility for the two draft laws on cutting wages and pensions today, while PSD (Social Democratic Party) announced it would introduce not one, but two motion...
Government deals blow to capital market despite plans to use it to raise cash
The levying of a 16% tax on all stock exchange earnings, without providing any incentive for long-term investments, turns the Romanian market into one of the most expensive in Europe. Belgiu...
Government, NBR and banks ignore plight of Romanian business sector
The state has no strategy to save Romanian-held companies that are going insolvent one by one. This is the conclusion of the financial analysts and of the business people who find themselves...
Government sees economy down 0.5% this year
The Government has adopted the IMF forecast for a 0.5% economic decline this year, with the Finance Ministry to rectify the budget based on this figure in late June or early July.
Government passes laws confirming pension and wage cuts
Emil Boc-led government was due to adopt the two laws pertaining to the reduction of state expenditures and an emergency ordinance on tax evasion clampdown last evening, pledges related to t...
Government prepares new taxes in addition to salary and pension cuts
The Government is not content with cutting salaries and pensions in the public sector in order to stay within a deficit of 6.8% (8 billion euros), but hopes to get 205 million euros this yea...