government

Romanian PM To Meet With Finance, Labor Ministers For Talks On Fiscal Code, Public Sector Wages

Romanian Prime Minister Emil Boc on Tuesday called for a meeting with the ministers of Finance and Labor, regarding the ordinance amending the Fiscal Code, which will also be discussed with employers’ organizations, people close to the matter told MEDIAFAX.

Romanian Govt To Levy Tax On Employee Bonuses Higher Than RON150

Bonuses paid by employers in Romania to their employees for Christmas, Easter or International Women’s Day (March 8), which exceed 150 lei (EUR1=RON4.2762) will be counted for the purposes of social security contributions, according to a draft Government Ordinance.

Romanian Govt Reshuffling Won’t Affect Disbursement Of New Loan Installment – IMF Official

The chief of the International Monetary Fund mission to Romania, Jeffrey Franks, said Saturday that the reshuffling of the Romanian Government will not affect the disbursement of a new loan installment to Romania and will not lead to higher financing costs.

Romanian Freelancers To Pay Over 25% Of Income For Social Security Contributions As Of 2011– Draft

Romanians who gain income from freelance activities will pay, starting with 2011, social security contributions of at least 25.36% up to 35% of their income, nearly double from the current level of contributions, according to a draft government emergency decree.

Romanian Employers To Pay Social Security Contributions For Copyright Income – Minister

Romania’s Government will change the applicationnorms for Ordinance 58/2010, regarding social security contributions from copyright, so that the employer, and not the employee, will be required to file the statement and pay the contribution, Environment Minister Laszlo Borbely said Wednesday.

Romanian Unionists Reject RON650 Minimum Wage Proposition Made By Govt

Romanian Government representatives proposed a minimum monthly salary of 650 lei (EUR1=RON 4.2326), but unionists rejected the offer, after they had called on the Executive to consider setting the minimum salary at RON675 or RON705.

Romania’s Govt Plans To Amend Labor Legislation, Introduce Postal Voting For Romanians Abroad

Romania’s Government wants to amend the country’s labor legislation, introduce postal voting for Romanians living abroad, simplify privatization procedures and regulate aspects related to the checkup of public purchase contract award procedures.

ECB Slams Romania Again Over Central Bank Salary Cuts

The European Central Bank Monday rebuked Romania for the second time in two months over plans to trim payrolls at the central bank, saying that a proposed amendment to leave the slashed funds at the bank’s disposal is still in direct violation of the central bank independence principle.

Romanian Health Minister Asks For 5,000 New Employees, PM Approves Only 1,000

Romanian Health Minister Cseke Attila asked the Government to unfreeze 5,000 jobs in the public healthcare system, but Prime Minister Emil Boc said that only one in seven vacancies, or 1,000 overall, can be unfrozen at the moment and any changes will have to be negotiated with the IMF.

Romania’s Large Thermal Pwr Plants To Be Resized, Heat Subsidy Eliminated In 2011 – PM

Romania’s major thermal power plants will be resized in 2011, adjusting to city demand, lower after the closing of the larger industrial consumers, while the heating subsidy will be granted only to households with low incomes, Prime Minister Emil Boc said Wednesday on national radio.

Romanian Govt Proposes Draft Wage Law To Increase Salaries By 1% To 20% In 2011

Romanian Government representatives Monday put forward a draft law regarding wages in the public sector, which states salaries in the public sector will be increased by 1% to 20% in 2011.

Romanian Govt To Present New Measures To Boost Economy – PM

Romanian Prime Minister Emil Boc said Saturday at the inauguration of the Lugoj eastern bypass road, southwestern Romania, that, in September, the Government will put forward a series of measures to uphold the country’s economy.

Romanian Govt To Set Up Land Expropriation Fund For Road Construction – PM

Romanian Prime Minister Emil Boc said Saturday that he called on the Government to set up a special land expropriation fund for the construction of roads, as the state can no longer afford to pay for land expropriations, which are very costly.

Romania Govt Unlikely To Change Consumer Loan Act – Sources

Romanian government is not likely to amend the existing law on consumer loans, despite its commitment to the International Monetary Fund to reexamine it and make sure its provisions do not apply retroactively, people familiar with the matter said Friday.

Romanian Govt Discussed Flat Tax Exemptions

Romania’s Government made a list of the activities exempt from the flat tax, including income from agriculture, transfers of real estate, and night clubs and casinos, for which the tax ranges from 2% to 5%, after President Traian Basescu suggested the flat tax should be levied on any type of income.

Romania Govt OKs First Budget Revision Of 2010

Romanian government Wednesday approved the first budget revision of 2010, which includes fund increases for socially protected categories, alongside budget cuts for several ministries.

Romanian Govt Might Seek Conf Vote In Fall To Pass New Labor Code

Romania’s Government might again seek a confidence vote in Parliament, in September or October, to pass a new Labor Code, a social assistance code and the unitary wage law for the public sector, Prime Minister Emil Boc said Thursday.

Romanian Govt Slashes VAT Funds For Local Mayoralties

The sums taken from VAT collections and transferred to Romanian local budgets will be reduced by 2.1 billion lei (EUR1=RON4.2347) in the upcoming budget revision, according to the draft obtained by MEDIAFAX.

Romanian Govt Allots RON500M To Pay State Companies’ Debts To Private Firms

Romania’s Government will allot 1.9 billion lei (EUR1=RON4.2404) to pay the state’s healthcare debts and RON500 million to cover the debts of state companies to firms which are themselves indebted to the budget, Prime Minister Emil Boc said Wednesday.

Romanian President Says Govt Has Progressed, Calls For Faster Pace In Reform

Romanian President Traian Basescu said Wednesday on public radio he appreciates the Government’s progress and its austerity measures are the best political solution.

Romanian PM Boc Asks Ministers To Draft Heating Subsidy Options Within Ten Days

Romanian Prime Minister Emil Boc asked the ministers to present a report on options for heating subsidies by August 19, Government officials announced Monday.

Romanian Govt Plans To Finish Four Beltways This Year, Continue Works On Highways – PM

Romanian Prime Minister Emil Boc said Saturday, in the eastern city of Iasi, authorities plan to finish works on beltways around Sibiu, Cluj, Turnu Severin and Lugoj and continue works on two highways.

Romania’s June Arrears At RON2B, Double The Agreed Target

Romania's government arrears stood at 2 billion lei (EUR1=RON4.2527) at the end of June, almost double compared with the target agreed with the International Monetary Fund, of RON1.09 billion, according to an official document obtained by MEDIAFAX.

Romania To Change Ordinance On Consumer Credit Contracts

Romania’s government will change the ordinance on consumer credit contracts, so that the normative would comply with the European Union legislation, mainly as regards non-retroactivity.

Romania’s Govt To Freeze Pensions In 2011

Romania’s Government will not increase pensions in 2011 and will eliminate the 13th salary, vacation bonuses and heating subsidies, according to an additional letter of intent to the stand-by agreement with the International Monetary Fund, obtained by MEDIAFAX.

Romanian Govt Expects EUR26M Savings By Cutting Illegal Social Aid

Romanian Prime Minister Emil Boc said Wednesday that the government has managed to save EUR26 million per year by cutting social aid granted illegally, following partial investigations of files for minimum income, disability benefits and invalidity pensions.

Romania PM Says Govt Will Use Budget Revision Funds To Pay Some Of Its Largest Debts

Romanian Prime Minister Emil Boc said Wednesday on public radio the Government will use funds earmarked at the budget revision due until August 20 in order to pay part of its largest debts, mainly debts amassed in the healthcare sector.

Romania’s Govt Asks IMF To Extend Pension Bill Adoption Deadline

Romania’s Government asked the International Monetary Fund to extend until September 30 the deadline by which the unitary pension bill should be adopted in Parliament, after the IMF called on authorities to make sure the draft law is adopted by September 15, people close to the matter said Tuesday.

Romanian Govt Approves Fiscal Code Application Norms

Romania’s Government approved Monday the application norms for recent amendments to the Fiscal Code, which extend the tax pool and introduce social security contributions for income gained from copyright.

Romania Paid EUR10M Damages In 1H 2010 Following ECHR Rulings

The Romanian Government has paid over 43.39 million lei (EUR10.2 million) in damages in the first half of 2010, which were imposed through rulings of the European Court of Human Rights (ECHR), according to an official document.

Romanian Govt Postpones Implementation Of Electronic Road Toll System Until Oct 1

Romania’s Government has postponed the implementation of the country’s electronic road toll system until October 1, because of numerous challenges against the auction selecting the company that will develop the system.

Romanians Occasionally Gaining Copyright Income Exempt From Social Security Contributions

Romania’s Government decided in its meeting Wednesday that people who own a record of employment and gain copyright income only occasionally will not pay social security contributions for the income obtained from copyright.

Romanian Govt Reduces By 25% Total No. Of Positions Within Youth, Sport Bodies

Romania’s Government decided to reduce by 25% the total number of positions within youth and sports bodies subordinated to the Education Ministry, by merging sports and youth county structures and restructuring the National Authority for Sports (ANS).

Romanian Govt OKs Justice “Small Reform” Bill

Romania’s Government approved Friday in a special meeting the draft law of “small reform” in the justice system, which implements a series of measures to speed up trials, people close to the matter told MEDIAFAX.

Romanian Govt Adopts Application Norms To Decree Fighting Tax Evasion

Romania’s Government adopted Friday application norms to its recent decree fighting tax evasion.

Romania’s Govt To Recalculate Special Pensions By September, Military Pensions By Yearend

Romanian special pensions will be recalculated by September and will be reduced afterwards, while military pensions will be recalculated by the end of the year, Romanian Prime Minister Emil Boc said Wednesday.

Romanian President Asks Govt To Push For Single Law Regulating Integrity Agency

Romanian President Traian Basescu urged the coalition government during the Cabinet meeting Wednesday to insist that Parliament adopts a single law regulating the National Integrity Agency, which is currently governed by rules stated in several laws.

Romanian President Heads Wednesday’s Govt Meeting

Romanian President Traian Basescu is heading the Government meeting Wednesday and people close to the matter have told MEDIAFAX one of the topics under discussion is the law on the National Integrity Agency.

Over 1,000 Homes Need Rebuilding After Major Flooding In Romania – PM

About 1,000 homes will need to be rebuilt following floods that ravaged the country this summer and claimed 23 lives, Romanian Prime Minister Emil Boc said Sunday during a videoconference with prefects across the country.

Romanian State Secretary, Deputy Prefect Cuts To Save Up EUR2 Million In 2010

Romania’s Government estimates savings of up to EUR2 million by the end of this year, and EUR4.5-5 million over an entire year, by reducing the number of state secretaries, undersecretaries of state and deputy prefects.