Prime Minister Ilie Bolojan is expecting firing 13,000 employees from the local public administration to generate savings of RON 1.2- 1.4 billion annually.He told Europa FM private broadcaster on Wednesday that if a 10% cut in the number of employees in the local administration were to be achieved, half of the local public administrations would have to lay off staff.According to him, "at least a third" of the small towns in Romania do not even cover the wages from the revenues collected from citizens.The prime minister said that a city hall with "surplus" staff has to make staff cuts."Every RON saved - from the largest settlement in Romania to the smallest - means money, which, after that, the national budget does not distribute to those settlements. Or money that they use to change the face of these settlements. Any RON saved means money that goes into investment," he said.Bolojan added that such a measure would also have a "moral" impact, because the trust of those who contribute to the national budget will be regained only when they see that public money is not wasted."When people see that part of the money they pay goes down the drain, they can't voluntarily pay for things. And then they seek to fiscally optimise their payments, to run away from paying taxes, because no one wants to pay taxes knowing that that money is used on all kinds of things that do not mean plus. So, it is also an aspect of equity, morality and the ability to make decisions in other areas," he added.
Sebastian Burduja, adviser to prime minister Ilie Bolojan and former minister of energy, warned of the security impact of the sale of major dairy Napolact to a group owned by a businessman close to the Hungarian prime minister Viktor Orban, according to
Romania could face energy poverty or even blackouts if coal-fired power plants are shut down before new gas-fired facilities at Iernut and Mintia are completed, energy minister Bogdan Ivan said in an interview with Digi24 on September...
Premier Energy (BVB: PE) has signed an agreement to acquire a 51% controlling stake in Iberdrola Renovables Magyarország, the Hungarian subsidiary of Spain’s Iberdrola. The company owns five operational wind farms with a combined installed capacity of 158 MW, commissioned between 2008 and 2010 in northwestern Hungary, one of Central Europe’s strongest wind regions. The […]
Prime minister Ilie Bolojan set up a committee to follow the pre-insolvency procedures at steelmaker Liberty Galati and its pipemaker subsidiary, Liberty Tubular Products Galati, controlled by billionaire Sanjev Gupta, and protect the rights of the tax collection agency ANAF and Exim Banca Romaneasca as the largest creditors,
Grampet Group, active in railway transportation, through its newly established subsidiary Biturom, has opened the largest bitumen melting capacity in Romania, according to Economica.net. The new facility, designed to deliver liquid bitumen for road construction projects in Romania and the Republic of Moldova, was opened on the industrial platform Rafo Onesti. ...
Romania plans to issue Samurai bonds and contract loans from multilateral banks such as EBRD or EIB to finance other green projects, finance minister Alexandru Nazare said at the CES ESG Conference 2025 in Bucharest on September 18. The country has already issued almost RON 10.8 billion (EUR 2 billion) in green bonds, allocated to […]
