Government
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Government busy explaining IMF’s boss socialist rhetoric
The Government might fail to meet the deadline set by President Traian Basescu for state spending cuts for mid June, even though Premier Emil Boc will choose the fastest legislative procedur...
Shock on private pensions market: Government cuts contribution from 2.5% to 0.5% of salary
Only two years after the pension system was reformed by the introduction of private pension funds, the government is basically cancelling this market in order to collect more money to the st...
Ford asks Government for permission to push back start of manufacturing in Craiova
Ford has changed its mind about the decision to start production of the new small class car this year, citing the decline in sales on the European market in order to get a postponement of th...
Government insists on cutting pensions, forgets promise to dismiss half of state secretaries
In its rush to cut spending, the Government wants to cut pensions and salaries but ignores the fact that secretaries of state within ministries are paid at least 1,000 euros per month.
Government pretends not to see wages in state-run companies
More than 5,000 employees in state-run companies have gross salaries of over 8,000 RON per month, but the Government did not take into account, in its talks with the IMF, the savings that co...
Government keeps tax hikes and other harsh measures for Plan B
The additional letter of intent with the IMF talks about redundancies, monitoring of high income individuals by the tax authorities, freezing early retirement and including incomes from capi...
State set to subsidise the acquisition of 25,000 computers
The Government will this year earmark 5m euros to subsidise the acquisition of PCs by pupils and students with low incomes.
Why is Government rushing to modify bank bankruptcy law?
Bank bankruptcy procedures will be modified through an Emergency Ordinance, after the Government has long delayed adopting the stipulations requested by the International Monetary Fund.
Government won't touch the billion euros raised from eurobonds
The billion euros secured by Romania last Thursday via the five-year eurobond issue will be frozen at IMF's recommendation, to set up a buffer-fund at the State Treasury which would allow fo...