Finance, Banking and Economic News 16 December 2010
The Constitutional Court decided to debate on December 22nd the complaints of the Social Democrats, Conservatives and Liberals on the law on education, Romanian news agency Agerpres informs. read more...
Specialized Parliamentary Committees approved on Thursday, by unanimity the increase of the Health ministry budget to 5% of GDP and accepted all 128 amendments proposed by Senators and Deputies. read more...
According to sources on the market, the National Post Office Company was fined by the Competition Council with over 24 million euro representing 7.2% of its business profits. The accusation was brought by an abuse of its leading position on the market. read more...
Romania changed its image from a mediocre student and won the trust of the IMF in 2010 after the government in Bucharest managed to survive the motions and protests to respect the IMF requests on spending and personnel cuts, IMF chief of mission to Romania Jeffrey Franks declraed in an interview for Bloomberg. read more...
National Central Bank counsellor, Adrian Vasilescu declared for the public television TVR1 that the recession in Romania is still present due to the 25% salary cuts. read more...
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