Finance, Banking and Economic News - 27 July 2011 -
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Finance, Banking and Economic News
27 July 2011

Page: 1 

Romanian Labor Minister Sebastian Lazaroiu said Wednesday he discussed with the International Monetary Fund mission the public sector wage law to be enforced next year, the implementation of a new pension system and the country’s future social assistance code. read more...

Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year, and laid off workers will get severance pay and unemployment aid until 2014. read more...

The Romanian "solidarity basket" program, approved by the Government, will provide pensioners each month with a package comprising basic food products, like flour, sugar, oil, corn and rice, for the "lowest price possible." read more...

The price of heating in Bucharest has been raised to 169.88 lei/Gcal (including VAT), from RON124/Gcal as of August 1, according to a decision of the City Council. read more...

Romanian Finance Ministry Wednesday sold EUR462.6 million in four-year foreign currency bonds, below the planned amount, at an average yield of 4.85% a year. read more...

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