Archive » May 2010 » 07 May 2010 The english news from 07 May 2010

  • Public sector salaries to be cut by 25 pct, pensions by 15 pct

    The public sector salary fund will be cut by 25 percent starting June 1, stated President Traian Basescu, as the option the International Monetary Fund (IMF) and Romania's Government have in view is the continuation of massive spending cuts programmes…

  • Vice Premier Marko Bela: Government's alternatives - to raise taxes or to cut expenses

    To raise taxes or to drop budget expenditures are the alternatives the Government has in view for keeping the budget's balance, Vice Prime Minister Marko Bela said in Sf. Gheorghe (north-west of Bucharest), shortly after he had met President Traian Basescu at the Cotroceni Palace (the presidential hqrs.)…

  • IMF mission extends stay in Romania till May 9

    The fourth visiting mission of the International Monetary Fund (IMF) that is currently assessing the way Romania fulfilled the conditionalities of the Stand-By Agreement will extend its stay in Bucharest until May 9, informs a release by the chief of the IMF Office for Romania and Bulgaria, Tonny Lybek…

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