spending

Romanian Government Ups Staff Spending By 5% In Election Year 2012 – Bill

15:13, 25 Mai 2011
The Romanian Government will increase staff spending by 5% in election year 2012, above the cap set for this year, to 42.59 billion lei (about EUR10.33 billion) or 7.2% of the gross domestic product, one percentage point above inflation and economic growth estimates.

Romanian Public Spending „Infested” By Inefficiency – IMF Official

17:04, 26 Mart. 2011
Romania must continue fiscal consolidation to reduce the budget deficit to under 3% by 2012, especially given its poor absorption of European funds and public spending "infested" by inefficiency, said IMF mission chief Jeffrey Franks.

Romanians Spent 5% Less On Fast Moving Consumer Goods In 2010 – GfK

12:51, 03 Mart. 2011
Romanians spent 5% less on fast moving consumer goods last year compared to 2009, according to survey conducted by market research company GfKRomania.

EXCLUSIVE: Romania Plans Drastic Cut In Healthcare Spending By 2013

10:50, 16 Sept. 2010
The Romanian Government’s three-year fiscal strategy, approved Wednesday, estimates drastic cuts in the Health Ministry’s spending, from 5,081 million lei (EUR1=RON4.2394) in 2010 to as little as RON1,842 million in 2013.

Romanian FM Cuts Utilities, Transport, Staff Spending Amid Austere Measures

16:18, 12 Iul. 2010
Romania’s Foreign Minister Teodor Baconschi on Monday said his ministry has already taken spending cut measures, which imply, among others, the renegotiation of rental contracts, a cut in utilities costs and the switch to low-cost flights and internet telephony.

IMF Board Postpones Meeting On Loan Agreement With Romania

13:23, 26 Iun. 2010
The International Monetary Fund board meeting to analyze the stand-by agreement with Romania, initially scheduled for June 28, has been postponed as the IMF is evaluating the impact of the Constitutional Court’s ruling on the Government’s program of public spending cuts.

Romanian State-Run Cos Have Two Weeks To Submit Revised Budgets, Slashing 20% Of Costs

11:18, 25 Iun. 2010
Managers of Romanian state-run companies have two weeks to send the Government revised budget plans, in which protocol and advertising spending for the second half of the year must be 20% lower, according to an emergency decree the Government adopted.

Romanian Govt To Cut Spending In Ministries, Govt Agencies, Mulls Sacking State Secretaries

09:50, 17 Iun. 2010
Romania’s Government will halve spending on phone bills, travels, fuels and office supplies in all its institutions and agencies, along a 20% spending cut on goods and services and a 25% cut in wages and staff numbers, people close to the talks told MEDIAFAX Wednesday.

IMF Recommendations Focused On Increasing Romania’s Budget Revenue

13:34, 22 Mai 2010
In talks with Romanian authorities, the International Monetary Fund focused on increasing budget revenue by hiking the VAT and flat tax, as well as introducing progressive taxation, but certain difficult expense cuts would have been included in any scenario, says a Fund press release.

Romania Freezes Early Retirement, Limits Retirement For Incapacitated People

17:58, 10 Mai 2010
The Romanian Government will freeze early retirement starting June 1, 2010 until the country’s new pension law is enforced, and pensions for incapacitated people will be granted only if they were previously approved by Labor Ministry medical assessment teams.

IMF: Romania’s Planned Spending Slashes Not Without Risk

16:32, 24 Feb. 2010
Romania’s planned spending cuts in the public sector for 2010 are in line with the government’s consolidation strategy, but not without risks, the International Monetary Fund said in a report.

Romanian Authorities Spent Up To EUR10,000 On Cell Phones, Pens, Paper Clips Last Year

14:51, 17 Ian. 2010
Romanian public institutions and state-owned companies spent up to EUR10,000 last year on cell phones, pens and paper clips and bought cars, air conditioning, laptops and TV-sets for over EUR140 million, spending triple compared to 2007 but less than in 2008.

Budget Spending Reaches Absurd Levels – Businessmen Assoc Head

14:31, 04 Aug. 2009
Budget spending has reached absurd levels, and state institutions show that it does not work to the benefit of the companies facing bankruptcy in the upcoming period, given an economic contraction of 7%-8% this year, said Tuesday Florin Pogonaru, head of the Romanian Businessmen's Association AOAR.

Romanian Health Ministry Cuts 374 Jobs, Lowers Spending By RON10M

23:03, 02 Aug. 2009
Officials of Romania’s Health Ministry presented the prime minister on Sunday with proposals to restructure certain subordinated institutions, targeting the cutting of 374 jobs and a cost reduction of about 10 million lei (EUR1=RON4.2127).

Romania’s CFR Marfa “Recommends” Payless Four-Day Leaves To Staff

18:23, 20 Iun. 2009
Management at the freight division of the Romanian National Railroad Company (CFR) “recommended” to the heads of regional divisions, Saturday, to send TESA staff and all employees not working shifts on four-day payless vacations, which would spell a 20% cut in pay, company sources told MEDIAFAX.

Romanian Teachers Threaten Exam Boycott, Strike, Over Bonus Removal

20:22, 16 Mart. 2009
Romanian education unions are threatening to boycott national exams and go on general strike, displeased that talks held Monday with the labor minister did not remove the article reducing staff spending through the removal of merit salaries, bonuses and indemnities.

Romanian Govt To Cut Accommodation Spending For High-Officials – Sources

16:29, 08 Mart. 2009
Romanian government plans to limit accommodation spending for secretaries and undersecretaries of state, as well for heads of public agencies and to stop discounting plane tickets for high-ranking dignitaries, official sources said Sunday.

IMF Advises Romania To Further Cut Budget Spending

18:56, 04 Feb. 2009
The International Monetary Fund, or IMF, advised the Romanian authorities to harshen fiscal policy by significantly cuts in public spending, as revenues for 2009 are unpredictable and grounded on a too optimistic economic growth forecast, governmental sources told MEDIAFAX.

Romanian Labor, Education, Transport Mins To Spend Nearly EUR10B This Year

20:16, 31 Ian. 2009
Romania’s Ministries of Labor, Education and Transport will be able to spend a total RON38.9 billion (EUR9.7 billion, or 6.7% of GDP) from the state budget, European funds and self-financing.

Romanian PM Urges Ministers To Cut Staff Spending, Issues Warnings

10:35, 30 Ian. 2009
Romanian Prime Minister Emil Boc said Thursday evening on national television that ministers who refuse to cut staff spending and thus, disregard the government’s recent decision to scarp 20% of jobs in the central public administration, will have to find another job.

Staff Spending To Drop From 8.4% To 7.5% Of The GDP – Romanian Fin Min

21:13, 29 Ian. 2009
Staff expenses will drop from 8.4% of the Gross Domestic Product to 7.5% of the GDP in 2009, while spending on the procurement of goods and services ill drop by 1.5 percentage points, from 6.5% of the GDP to 5% of the GDP, said Romanian finance minister Gheorghe Pogea.

Romanian ’09 Preliminary Budget Sees Pension Spending At 8% Of GDP, Public Salaries At 6.9% Of GDP

18:44, 27 Ian. 2009
The government plans to allocate 8% of the gross domestic product for pensions, 6.9% of the GDP for budgetary salaries and 2% of the GDP for unemployment aid, while education spending is seen at 6% of the GDP, and defense spending at 1.8% of the GDP, according to governmental sources.

Romania Freezes Some Public Spending, Wages To See Moderate Growth In 2009 – PM

11:00, 28 Oct. 2008
The Romanian government decided to freeze administrative spending in all public institutions, except for main credit coordinators in education, healthcare and agriculture, and wages will increase moderately next year, Prime Minister Calin Tariceanu said Tuesday.

Romania Pres To Demand Interior Min Spending Analysis

17:56, 14 Oct. 2008
Romanian president Traian Basescu said he will notify the state’s institutions for a very serious analysis regarding cars and equipment contracted by the Ministry of Interior and regarding the first stage of obtaining the objectives assumed so that Romania may enter the Schengen space.