incentives

The Romanian Government decided to eliminate incentives in the public sector starting January 1, 2012, people close to the matter told MEDIAFAX Thursday.

Romania’s Environment Ministry is working on a government emergency decree whereby the Government would grant incentives to people buying electric cars, to cover the price difference between regular and electric vehicles, which is currently of abut EUR5,000.

Romania’s Chamber of Deputies Tuesday adopted a government emergency decree regarding the payment of bonuses and incentives in the public sector.

Romania’s President Traian Basescu and Prime Minister Emil Boc will meet Sunday to discuss the situation of bonuses at the Finance Ministry, following two days of protests among ministry and fiscal administration employees over unpaid incentives, Basescu told Pro TV in an interview Sunday.

The incomes of the general managers in the Romanian ministries amount to 20,000 lei (EUR1=RON4.2775) with some bonuses included, which imposes the elimination of bonuses such as that for the use of a foreign language, Prime Minister Emil Boc said Friday.

Finnish mobile phone giant Nokia might lose the fiscal incentives for its plant in the Tetarom III industrial park, northwestern Romania, as company officials consider increasing investments in the project, Tetarom director Viorel Gavrea said Friday.