policies

The law forcing Romanian homeowners to insure their homes against natural disasters will be enforced starting July 1, 2010 and PAID, the company issuing mandatory home insurance policies must be ready by then, PAID chief Constantin Toma said Monday.

Romania’s Government did not plan to "pull the country out of the economic crisis," as we all face a global crisis, but to develop solid policies meant to cushion its effects, by keeping the euro-leu exchange rate under control and financing the budget deficit, President Traian Basescu said Sunday.

The average Romanian lawmaker spent about EUR7,000 of the state budget per month in 2007, according to a report released Thursday by the Institute for Public Policies, which said it calculated the sum using "incomplete and hard to decipher information” provided by the two Chambers of Parliament.