According to the Finance Ministry, in April, Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million). Meanwhile, the budget deficit for the first four months of 2011 narrowed … [Read more...]
Draft Law: Self-Employed Romanians Are Allowed To Hire Other People As Workers
May 15, 2011 By Leave a Comment
According to a draft government emergency ordinance, self-employed Romanians will be allowed to hire other people for their activity, with employment contracts. The draft ordinance removes the current … [Read more...]
FP Price Subject To Dispute Between Government And Stock Exchange Investors
May 13, 2011 By Leave a Comment
Yesterday’s session started for Fondul Proprietatea (Property Fund - FP.RO) shares registering a loss of 6.5% in the beginning, after the ex dividend day. Towards the end shares gained back 4%, amid … [Read more...]
Government And IMF Agree To Drop Heating Subsidies
May 12, 2011 By Leave a Comment
Romanian authorities promised the IMF they would eliminate the subsidy on thermal energy granted to the population. The result would be registered in the cost of heating and hot water going up by up to … [Read more...]
Romania To Completely Switch To Digital Television By 2015
May 11, 2011 By Leave a Comment
On January1, 2015, Romania will complete the adoption of the digital television, after the authorities in Bucharest have obtained an adjournment for two years, until the digital switchover will be completed … [Read more...]
Romanian Airline Tarom Not To Be Privatized
May 9, 2011 By Leave a Comment
According to Mediafax sources, in the new letter of intent to the IMF, the Romanian Government states its goal to privatize chemical plant Oltchim and the Turceni, Rovinari and Craiova energy complexes. … [Read more...]
NBR Is Decided To Adopt The Euro In 2015
May 2, 2011 By Leave a Comment
The central bank is decided about Romania joining the eurozone in 2015, in the face of Government indecision. The novelty is a potential 11-month transition period -between January 1st 2015 and December … [Read more...]
Denmark Is Against Early Schengen Enlargement As Well
May 2, 2011 By Leave a Comment
The Danish MEPs across party lines asked from their government to back France and Germany in their opposition to the early accession of Romania and Bulgaria to the EU's Schengen borderless area. Four MEPs … [Read more...]
Government To Set Up Investment Fund For Profitable SMEs With Cash Problems
May 2, 2011 By Leave a Comment
Romania's Government will create an investment fund to finance profitable SMEs with temporary cash problems. Also, the government will work out a system to finance small unlisted companies. The fund will … [Read more...]
