austerity measures

Romania Must Maintain Austerity Measures In 2011 – President

09:32, 05 Aug. 2010
Romanian President Traian Basescu said Wednesday evening on public television that austerity measures must also be applied in 2011 to bring the country back on track, and criticized some of the political measures taken between 2007 and 2008.

Romanian Govt Mulls Tax Raises After Court Rules Pension Cuts Unconstitutional – Sources

12:18, 25 Iun. 2010
Romania’s Government is considering other ways to keep its budget deficit below the IMF-agreed cap of 6.8%, which mainly entails tax raises, including the VAT and flat tax, after the Constitution Court ruled pension cuts unconstitutional, people close to the matter told MEDIAFAX.

Romanian Bankers Expect New Loan Restructuring Deals

12:30, 17 Iun. 2010
Romanian bankers expect a second wave of credit restructuring following the austerity measures announced by the government in the public sector, but say the system is able to sustain it.

Romanian Unionists Cease Protests Outside Parliament, Rallies To Follow If Austerity Plan Approved

17:51, 15 Iun. 2010
Romanian unionists, who gathered outside Parliament headquarters to support the opposition’s no-confidence motion, ended their protests at about 3.30 p.m. and decided to unblock the streets nearby the Parliament.

Romania Agrees To Increase Tax Rates If Current Austerity Measures Are Not Enough – EC

12:52, 07 Iun. 2010
The European Commission said Monday, in response to questions addressed by MEDIAFAX, that it had been agreed during discussions with Romanian authorities that additional revenue raising actions, including increasing tax rates, will be implemented to close any unexpected budgetary gap.

FOCUS: Romanian PM Seeks Parliament Conf Vote On Govt Austerity Plan Monday

19:21, 06 Iun. 2010
Romania’s Prime Minister Emil Boc will seek a confidence vote in Parliament Monday for two draft laws that make up the Government’s austerity plan, which cuts public sector wages, pensions and social welfare benefits and regulates certain aspects regarding pensions.

Romanian Govt Seeks Alternative Spending Cut Solutions Not To Reduce Pensions

20:12, 05 Iun. 2010
Romania’s Prime Minister Emil Boc and the members of his Cabinet met Saturday in an attempt to find alternative spending cut solutions, so that pensions below 1,000 lei (EUR1=RON4.2051) should not be reduced by 15%, people close to the matter told MEDIAFAX Saturday.

Ruling Democratic Union Of Hungarians In Romania Won’t Vote To Overthrow Govt

14:23, 05 Iun. 2010
Romania’s Environment Minister Laszlo Borbely said Saturday that no Democratic Union of Hungarians in Romania lawmaker will vote in favor of the no-confidence motions promised by opposition parties to oust the Government.

Romania Lower Chamber Rejects Liberals’ Simple Motion On Austerity Measures

14:32, 01 Iun. 2010
Romania’s Chamber of Deputies Tuesday rejected 143 to 130 votes and six abstentions the simple motion submitted by opposition liberals on the country’s recently announced austerity measures for which the Government will seek a confidence vote in Parliament.

Romania To Cut By 15% Benefits For People Assisting First-Degree Disability Pensioners

19:53, 31 Mai 2010
Romania’s Government decided to reduce by 15%, as of June, 2010, the benefits granted to people having in care pensioners with first-degree disability, and also discarded the financial aid granted to teachers for the purchase of books.

Romania To Introduce Pension, Healthcare Contributions For Copyright Income – Labor Min

15:44, 31 Mai 2010
Romania’s Labor Minister Mihai Seitan said Monday that the Ministry will draw up a draft law through which earners of copyright income will contribute to the pension, healthcare and unemployment benefit systems like all regular wage earners.

Romania To Limit 2011 Budget Expenses To Level Resulted After 2010 Spending Cuts

13:56, 27 Mai 2010
Romania will apply salary and pension cut measures until the and on the year and starting January 1, 2011 the Government will implement social and staff policies meant to keep budget expenses within the limits resulted after applying this year’s cost-cutting measures.

Austerity Measures To Be Applied Until Yearend – Romanian PM

15:50, 26 Mai 2010
Romania’s draft law regulating cost cuts in the public sector, for which the Government will seek a confidence vote in Parliament, will specify that austerity measures will be applied until December 31, 2010.

Romanian Penitentiary Unionists To Strike Over Austerity Measures Starting May 31

11:53, 26 Mai 2010
The Romanian National Penitentiary Workers’ Union (SNLP) and the National Penitentiary Administration Union Federation (FSANP) announced Wednesday that employees in the sector will go on strike starting May 31 to protest wage, pension and social benefit cuts.

IMF Mission Head Confident Romania Will Apply Cut Measures

11:49, 25 Mai 2010
Both Romanian president Traian Basescu and Prime Minister Emil Boc look so determined to cut public spending, so Romania should manage to implement austerity measures, said Jeffrey Franks, head of the International Monetary Fund mission in Romania.