Archive » August 2009 » 12 August 2009 The english news from 12 August 2009

  • The government to adopt Business Standard's solution for unpaid 10-day holiday

    Minister of Finance Gheorghe Pogea yesterday announced a forced, unpaid 10-day holiday for civil servants. Thus, the government is to adopt the solution launched for debate by Business Standard one week ago, for the immediate reduction in public expenditure - with the unpaid holiday confirming the calculations regarding the forecast savings of RON 1.5 billion, or €357 million…

  • Ford's Stake In Automobile Craiova Up At 97.07% In Takeover Offer

    US automaker Ford Motor Company, the majority shareholder of Romania's auto assembly plant Automobile Craiova (AUCS.RO), bought a 0.34% stake in the plant following the takeover offer, hiking its stake at 97.07%, and will start the delisting procedures…

  • Tax evasion steals 200 M euros from state

    Approx. 4,600 tax evasion cases were recorded January through June, in 2009, with 855,693,000 lei (more than 203 million euros) having been thus stolen from the state budget, the Minister of Administration and Interior Vice-Premier Dan Nica on Tuesday announced, at the meeting of the inter-ministerial committee on tax evasion…

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