Finance, Banking and Economic News 6 December 2010
The European Commission has warned the Romanian Government the application of the unitary wage law on the country’s energy regulator ANRE could affect the institution’s independence which could bring about an infringement procedure, people close to the matter. read more...
Consumption of spirits in Romania has decreased this year to 5 liters per capita from 6 liters per capita last year because of the recession, Romulus Dascalu, head of the Garant employers’ association in the industry, told Mediafax. read more...
The last Schengen evaluations visit for Romania to join Schengen is taking place from 6-10 December and is related to the SIS/SIRENE sector. read more...
Liberal Mariana Campeanu, a former labor minister, won the by-election held Sunday in a constituency in Hunedoara county, western Romania, for a lawmaker seat in the Chamber of deputies, the local electoral office said Monday. read more...
Romania’s President Traian Basescu went to the Government’s headquarters Monday morning where ruling coalition members met to discuss the 2011 state budget and what to do about propositions to halve parental leave, people close to the matter told Mediafax. read more...
Romania’s Government will decide whether to lower or keep child rearing benefits unchanged after consultations with lawmakers of the ruling coalition parties Monday, people close to the matter told Mediafax. read more...
Romanian President Traian Basescu told coalition leaders in a meeting Monday the country’s budget resources don’t allow the keeping of child rearing benefits for the current period of two years and suggested parental leave should be shortened to one year, people at the meeting told Mediafax. read more...
A US state department cable, released by Wikileaks shows that a German company planned to supply Iran in 2007 with illegal equipments for the defense industry. read more...
The Romanian Government agrees with a parliamentary initiative to change the official naming of people belonging to the Roma ethnic group from "Rom" to "Tigan" ("Gypsy"). read more...
Romania taxes labor excessively, while capital is taxed below European limits, which leads to tax evasion because people would rather be paid in dividends or receive undeclared salaries, said Romanian Businesspeople Association (AOAR) president Florin Pogonaru. read more...
Romanian President Traian Basescu and the ruling coalition discussed on Monday whether pensioners should contribute to the social health insurance fund, says daily newspaper "Gandul". read more...
The government plans to send on Tuesday, in the Parliament, the law on the 2011 budget law. The project will be adopted by the executive in a special meeting either on Monday night or Tuesday, PDL deputy President Gheorghe Flutur announced. read more...
Child-rearing aid in Romania will be provided for one year as of 2011, reduced from the present two years, but in the same amount, a change that will not apply to current beneficiaries, Prime Minister Emil Boc announced Monday evening. read more...
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