Archive » August 2009 » 19 August 2009 The english news from 19 August 2009
A E1.5 bln foreign loan to pay state bonds
The government must pay some €4.25 billion for the state bonds that reach maturity in the last four months of 2009. Consequently, the purpose of the eurobond issue announced by the government for September increases to €1.5 bln from €500 million, because the state has lost control of the budget…
Romania exports back leased cars, at half the price
Leasing companies are willing to risk losses of up to 50 percent for cars returned by their clients who are unwilling or unable to continue making their installment payments. Following the auto import boom, which lasted until 2008, and contributed massively to the trade and current account deficits, Romania is now paying the price…
The blanket salary law: over 100,000 civil servants will benefit from salary hikes
The draft Blanket Salary Law was completed by the Labor Ministry, based on the financial impact analysis made by the Finance Ministry, and the increase of the minimum salary will raise the wages of at least 100,000 civil servants, the state secretary in the Labour Ministry, Valentin Mocanu announced, quoted by Antena 3…
Pensions below 1,500 lei exempted from taxes as of 2010
Pensions standing below the value of 1,500 lei will be exempted from taxes beginning, most probably, on January 1, 2010, Minister of Labour, Family and Social Protection (MMFPS) Marian Sarbu on Monday told a TV channel. 'Pensions which value stands below 1,500 lei will be exempted from taxes, most probably beginning on January 1, 2010…