budget

Romanian Democrat Liberals To Vote For Draft 2010 State Budget

The Romanian Democratic Liberal Party (PDL) parliamentary groups will vote for the 2010 state budget, PDL deputy Nicolae Bud said Monday, adding that the draft is not perfect, but is in accordance with the International Monetary Fund and European Commission loan agreement.

Romania’s Hungarian Minority Party Lawmakers To Vote For 2010 Budget – Party Leader

The leader of the Democratic Union of Hungarians in Romania, Marko Bela, said Monday the party’s lawmakers will vote for the draft budget for 2010, despite it being austere.

Romanian Social Democrats To Vote Against Draft 2010 State Budget

The National Standing Office of Romania’s Social Democratic Party on Monday decided that social democrat lawmakers will vote against the draft state budget and the draft social security budget for 2010.

Romanian Lawmakers Adopt Draft 2010 State Budget With Amendments

The Romanian Parliament commissions for budget and finance adopted Sunday morning the amended draft state budget for 2010, with 26 votes “for” and 15 votes “against”.

Budget Amendments Entailing Additional Budget Expenses Won’t Pass – Romanian Fin Min

Romania’s Finance Minister Sebastian Vladescu said Friday he held no talks on adopting any amendments to the state budget, adding he believes amendments that entail additional budget expenses will not pass.

Romania’s Agriculture To Collapse Unless Agric Min Budget Gets Extra Money

About 70% of Romania’s agricultural exploitations will be closed and over 10,000 workers will be jobless unless the Agriculture Ministry’s budget is hiked from 9.87 billion lei (EUR1=RON4.1721) to RON36 billion, Agrostar union federation head Stefan Niculae said Friday.

Romanian Social Assistance Budget Could Push System Into Collapse – Official

Romania’s social assistance system risks collapsing because of recent budget and staff cut plans, the former secretary of state from the Romanian National Child Protection Authority, Ileana Savu, told MEDIAFAX Thursday.

Budget Def Would Be 12%/GDP If All Ministries’ Needs Covered – Romanian Fin Min

The biggest weakness of Romania’s 2010 budget is the allotment of just 4% of the gross domestic product for investments, Finance Minister Sebastian Vladescu said Thursday, adding the budget deficit would surge to 10%-12% of the GDP if all investment needs of each ministry would be covered.

Romania’s Govt Decides To Lay Off About 3,000 Social Workers

Romania’s Government decided Wednesday to lay off about 3,000 employees in social assistance units, after applying cost standards meant to reduce costs by 37% compared to 2009 and save 350 million lei (EUR1=RON4.1620) of the state budget.

Romania’s Hungarian Minority Party To Abstain From Vote On Social Security Budget Over Pensions

Lawmakers of Romania’s Hungarian minority party UDMR, which is part of the government, said they will abstain from a vote on the 2010 social security budget because they cannot agree with freezing public pensions.

Romania’s Culture Ministry Requests Nearly RON690M From State Budget In 2010

Romania’s Culture Ministry requests nearly 690 million lei (EUR1=RON4.1997) from the state budget to unfold its activity in 2010, according to the ministry’s 2010 draft budget.

Romanian Government Approves 2010 Draft Budget

Romanian government on Wednesday has approved a much-needed draft budget for 2010, which will be sent to parliament on Thursday for urgent debates and approval.

Romania Social Security Contributions Kept In 2010 At This Year’s Level

Social security contributions in Romania will be kept in 2010 at this year’s level, for both employers and employees, and law-regulated loans that can be contracted from the social security budget by authorized individuals will be kept at 1.5 million lei (EUR1=RON4.2268) in 2010.

Romania Freezes Pensions In 2010 At Oct ’09 Level

Pensions will be frozen next year by keeping the pension point at the level set for October 2009, of 732.8 lei (EUR1=RON 4.2119), so that the average monthly pension of social security contributors will be of RON701.2, according to Romania’s social security draft budget, obtained by MEDIAFAX.

Romanian President Urges Speedy State Budget Adoption To Unlock International Bailout Money

Romanian President Traian Basescu sent a latter to Parliament Monday urging adoption of the 2010 state budget by January 16 to unlock further disbursements of an IMF-led bailout loan of nearly EUR20 billion.

Romania’s Future Govt To Approve 2010 Draft Budget On December 24

Romania’s Government will approve the draft budget for 2010 on December 24, after the Parliament endorses the country’s new Cabinet, people close to the matter told MEDIAFAX Saturday.

Romania’s Govt To Meet For Talks On 2010 Draft Budget Saturday

Romania’s Government Saturday evening will convene in an informal meeting to talk on the 2010 draft state budget, people close to the matter told MEDIAFAX.

Romania’s 2010 State Budget To See Parliament Approval Early January – PM-Designate

Romania’s Parliament will approve next year’s state budget early January in an extraordinary meeting, Prime Minister-designate Emil Boc said Thursday.

Romania, IMF Agree On 2010 Draft Budget

Romanian and the International Monetary Fund have reached an agreement on the country’s budget for 2010, IMF representative Jeffrey Franks said Tuesday.

Draft Budget For 2010 To Be Presented To Future Govt For Completion – Romanian Fin Min

The draft budget for 2010 is 95% finished and will be presented to the future Government for completion according to the public policies of the government program, Romanian acting Finance Minister Gheorghe Pogea told MEDIAFAX Wednesday.

Romania’s President Wants Talks With Political Parties On Govt’s Draft Budget

Romania’s President Traian Basescu said Thursday evening on public television he will not promulgate the draft amendments to the Law on the organization of the Government empowering the Cabinet to draft the state budget for 2010 until he has talks with political parties.

Romania To Keep Flat Tax, VAT Unchanged In 2010 – Caretaker PM

Romania will keep in 2010 its flat rate tax and value added tax unchanged at their current levels of 16% and 19%, respectively, caretaker Premier Emil Boc said Friday.

Romanian Senate Chairman To Ask Parliament For Ad-Hoc Budget Meeting In Jan ’10

Romanian social democrat presidential candidate and Senate’s chairman Mircea Geoana said Friday, during a meeting with representatives of the business environment held in Brasov, he will ask the Parliament to call for an ad-hoc meeting in January 2010 to debate and adopt the budget.

Romania’s Govt Increases Foreign Affairs Min’s Budget To Organize Referendum Abroad

Romania’s Government supplemented the budget of the Foreign Affairs Ministry by 190,000 lei (EUR1=RON4.2952) to cover costs for the organization and unfolding of the November 22 referendum to downsize the Parliament.

Romanian Subway Employees To Continue Protests, Say Govt Ignores Them

About 200 Romanian employees of state-owned subway company Metrorex picketed the Government Wednesday and a delegation of subway workers’ representatives failed to talk with Prime Minister Emil Boc or Transport Minister Radu Berceanu.

Romania’s Govt Approves Subway Company Metrorex’s Budget, Wage Increase

Romania’s Government approved Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, including the wage increase decided at the end of last year, people close to the matter told MEDIAFAX.

Govt To Approve Subway Company Metrorex’s Budget Wednesday – Romanian Transport Min

Romania's Government will approve Wednesday the revenue and expenses budget for 2009 of state-owned subway company Metrorex, Transport Minister Radu Berceanu said Wednesday.

Romanian Parliament Lower Chamber Allows Govt To Draft State Budget

The Romanian Chamber of Deputies enacted Tuesday, with no cons and only two abstentions, the draft amendment to the Law organizing the government, enabling the dismissed Cabinet to draft the 2010 state budget and social security budget.

Romanian Parliament Allows Caretaker Govt To Submit 2010 State Budget

The Parliament Wednesday voted 259 to 4 and 120 abstentions to adopt a resolution requiring the country’s caretaker Government to submit the draft state budget for 2010.

Romanian Parliament Allows Ousted Govt To Draft ’10 Budget

Romanian Social Democratic Party vice-president Dan Nica said Tuesday evening the social democrats, after consulting the liberals and Hungarian minority party UDMR, decided to propose the enactment of a Parliament Decision that would allow the ousted government to propose a draft budget for 2010.

IMF Asks Romania To Cut The Cord On Big Debtors – Official

The International Monetary Fund recommended the Romanian authorities scrap subsidies for companies largely indebted to the state budget as of next year, an official of the Economy Ministry said Monday.

Half Of Romanian Pharmacies Can’t Pay Debts To Medicine Suppliers, Budget

About half of Romanian pharmacies risk not being able to pay their debts to medicine suppliers and the state budget by the end of the year, after the government gave health insurance houses six months to pay their bills instead of three, the Romanian Pharmacists’ College said Wednesday.

Romania’s Jan-Sept Budget Deficit At 5.1% Of GDP, Below IMF Cap

Romania’s consolidated budget posted a 25.56 billion lei (EUR1=RON4.2877) deficit, or 5.1% of the gross domestic product, after the first nine months, according to Finance Ministry data.

Romania’s Budget Gap Reached 5.04% Of The GDP On Oct 1 – Acting PM

Romania’s general consolidated budget gap grew to 5.04% of the GDP on October 1, said acting Prime Minister Emil Boc Thursday.

Romania ‘10 Draft Budget To Be Cleared By Next Govt – Fin Min

Romania’s Finance Ministry is still working on the 2010 draft budget, but the future government will be the one to analyze and sent it to parliament for approval, acting minister Gheorghe Pogea said Wednesday.

Romanians’ Mandatory Private Pension Constributions Set At 2.5% In 2010 – Regulator

Romanians' contributions to mandatory private pensions (Pillar II) will increase by half a percentage point in 2010, to 2.5% of the contributor's gross wage, the vice-president of the country's private pension system regulator CSSPP, Ion Giurescu, said Wednesday.

Fin Min Official: 2010 State Budget Draft Won’t Be Sent To Parliament In Due Time

The budget draft would not be sent to Parliament in due time, by the legal deadline October 15, Romanian Finance Ministry state secretary Gheorghe Gherghina told Mediafax Tuesday.

Romanian VAT To Remain Unchanged – Tourism Min

Romania’s Tourism Minister Elena Udrea said Saturday during a visit in Romanian seaside resort Neptun, that a VAT increase is out of the question, adding the budget already set by the Government does not include any VAT change.

Romania’s 2011 Budget Gap Still Above EU Criteria – IMF

The International Monetary Fund revised up its forecast on Romania’s budget deficit for 2011 from 2.7% of the gross domestic product to 4.2% of the GDP, above the maximum ceiling required by the European Union.

Romanian Transport Min Wants An Almost Doubled Budget In ’10

The Romanian Ministry of Transport and Infrastructure wants a budget of 19 billion lei (EUR1=RON4.2776) in 2010, compared to RON11 billion in 2009, said Transport Minister Radu Berceanu.