George Coman

Minister of Finance Citu: Deficit up by 50 billion against budget adopted in December 2019

The budget deficit increases up to 90.9 billion lei following the budget rectification, an amount that represents 8.6% of GDP, so that the deficit is currently 50 billion lei higher against December 2019, when the budget for the current year was adopted, the Minister of Public Finance, Florin Citu, stated on Friday, in the beginning of the gov't meeting.

Romanian meat workers in Germany to conclude direct employment contract with employers

Romanian nationals working in the meat industry in Germany will sign, from January 1, 2021, employment contracts directly with the German employers, and not with companies that intermediate jobs, Romania's Minister of Labour and Social Protection Violeta Alexandru wrote on Thursday on Facebook.

German authorities to ramp up controls of German employers hiring Romanian workers

German authorities will step up checks of German employers hiring Romanian workers and increase penalties for employers' offences, German Labour and Social Affairs Minister Hubertus Heil and his Romanian counterpart Violeta Alexandru said on Thursday in a joint statement at the end of a videoconference they had during the day.

LabMin Alexandru: Funding source to increase children's allowance to be found at budgetary correction

The government will increase children's allowance if the law comes into force and the source of funding will be identified at the budget correction, which will take place within a month, the minister of Labour and Social Protection Violeta Alexandru on Thursday evening told the private television Digi24. "We wait for the piece of legislation to go to the President.

Shopping malls, minus cinema halls, playgrounds to re-open on June 15 if COVID-19 cases decrease

The Romanian government will re-open the shopping malls on June 15 if by then the number of COVID-19 infected people will decrease, said on Tuesday Minister of Economy, Energy and Business Environment Virgil Popescu in a Facebook post. "Today, me and Prime Minister Ludovic Orban had a meeting with members of the Romanian Real Estate Investors Association.

Head of hotels' umbrella organisation: Industry lost roughly 240 ml euros from March to May

The hotel industry's losses in March, April and May amount to roughly 240 million euros, as approximately 6 million overnight stays have been wiped off because of the coronavirus pandemic, president of the Romanian Hotel Industry Federation (FIHR ) Calin Ile told Agerpres.

Gov't reimburses to companies 41.5 pct of salary of employees returning from furlough

The Government will reimburse employers, for a period of 3 months, a percentage of 41.5 pct of the monthly gross wage of each worker that has his/her previously suspended work contract reactivated, a release sent on Friday to AGERPRES by the Ministry of Labor and Social Protection, reads.

FinMin Citu: Budget revenues in May will not look very good, strong June is needed

Budget revenues in May will not look very good, so fiscal and monetary policies need to be relaxed even more, so that revenues in June are very good, the Minister of Public Finance Florin Citu said on Friday to the private TV broadcaster Digi 24. "In April, in the midst of an overlapping crisis, both economic and health, we managed to collect more to the budget than last year.

FinMin Citu: IMM Invest website to be live on Tuesday, as of 09:00hrs

The website of the IMM Invest platform for small and medium-sized enterprises (SMEs) will become operational on Tuesday morning, as of 09:00hrs, Public Finance Minister Florin Citu announced on his Facebook page on Monday. He said that the entrepreneurs who want to request state-guaranteed loans can sign up on the website as of Tuesday morning. "The IMM Invest has been rebuilt.