Expats

Romania leader's gold comments called 'imprecise' [Sep 02, 2011] A spokesman for Romania's president says the politician's recent suggestion that the country had sold 200 tons of gold to pay for salaries and pensions was "imprecise." [via YahooNews] More >>

Romanian president to hold crisis talks [Aug 10, 2011] BUCHAREST, Romania: The Romanian president told key officials Tuesday that public spending needs to be further reduced and salaries and pensions cannot be raised without borrowing ? but he denied the country's economy was in crisis. [via YahooNews] More >>

Romanian president to hold crisis talks [Aug 09, 2011] The Romanian president told key officials Tuesday that public spending needs to be further reduced and salaries and pensions cannot be raised without borrowing -- but he denied the country's economy was in crisis. [via YahooNews] More >>

Up to 3,000 Romanian retired military officers protest slashed pensions [Mar 01, 2011] BUCHAREST, Romania - Singing war songs, up to 3,000 military retirees have marched through Bucharest to protest slashing of their pensions. [via YahooNews] More >>

Up to 3,000 Romanian retired military officers protest slashed pensions [Mar 01, 2011] BUCHAREST, Romania - Singing war songs, up to 3,000 military retirees have marched through Bucharest to protest slashing of their pensions. [via YahooNews] More >>

Romania's high court rules against army pension cuts [Jan 23, 2011] BUCHAREST, Romania - Romania's high court has ruled that army pensions cannot be cut by authorities as planned. The court said Friday that pensions are considered property and cannot be reduced. [via YahooNews] More >>

Romania's high court rules against army pension cuts [Jan 21, 2011] BUCHAREST, Romania - Romania's high court has ruled that army pensions cannot be cut by authorities as planned. The court said Friday that pensions are considered property and cannot be reduced. [via YahooNews] More >>

About 400 Romanian army and police retirees protest pension cuts [Jan 17, 2011] BUCHAREST, Romania - About 400 army and police retirees are protesting in Romania against cuts in pensions as part of austerity measures. Protesters in the Black Sea port of Constanta are calling Monday for the resignation of the country's president Traian Basescu. [via YahooNews] More >>

400 Romanian army retirees protest pension cuts [Jan 17, 2011] (AP:BUCHAREST, Romania) About 400 army and police retirees are protesting in Romania against cuts in pensions as part of austerity measures. Protesters in the Black Sea port of Constanta are calling Monday for the resignation of the country's president Traian Basescu. [via YahooNews] More >>

Romanian army retirees file complaint against PM [Jan 14, 2011] (AP:BUCHAREST, Romania) Army retirees in Romania have filed a complaint with the country's prosecutor against the prime minister and other officials for reducing their pensions as part of austerity cuts. [via YahooNews] More >>

Romania to cut wages [Jun 29, 2010] BUCHAREST (Romania) - ROMANIA'S Parliament on Tuesday formally ruled that pensions cannot be included in sweeping spending cuts but said public sector wages can be reduced by one-fourth as the government struggles to keep a multibillion dollar loan from the International Monetary Fund on track. The Constitutional Court ruled last week that planned pension cuts are unconstitutional - a ruling ... [via YahooNews] More >>

Romania to cut wages, not pensions [Jun 29, 2010] Romania's Parliament Tuesday formally ruled that pensions cannot be included in sweeping spending cuts but said public sector wages can be reduced by one-fourth as the government struggles to keep a multibillion dollar loan from the International Monetary Fund on track. International Monetary Fund - Romania - Government - Public sector - Pension [via YahooNews] More >>

Romania to cut wages, not pensions [Jun 29, 2010] Romania's Parliament Tuesday formally ruled that pensions cannot be included in sweeping spending cuts but said public sector wages can be reduced by one-fourth as the government struggles to keep a multibillion dollar loan from the International Monetary Fund on track. [via YahooNews] More >>

Romania to Raise Value-Added Tax to Meet IMF-Imposed Budget Deficit Goal [Jun 26, 2010] Romania will raise the value-added tax to 24 percent from 19 percent to plug a budget hole after a court threw out its plan to cut pensions by 15 percent and meet an International Monetary Fund-mandated budget-deficit target. [via YahooNews] More >>

Report: Romanian court strikes down austerity pension cuts [Jun 25, 2010] Bucharest - The Romanian Constitutional Court on Friday declared unconstitutional a 15-per-cent cut to pensions that had been approved by Parliament as part of a drastic austerity package, the Mediafax news agency quoted unnamed court sources as sayi... [via YahooNews] More >>

Romania court rejects cuts [Jun 25, 2010] BUCHAREST - ROMANIA'S top court rejected some parts of a key austerity package related to pensions on Friday, endangering an IMF-led aid deal, local news agency Agerpres reported, citing judicial source. Disbursement of about 2 billion euros (S$3.4 billion) in aid from the International Monetary Fund and the European Union depended on the court's approval of a government move to cut state wages ... [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 10:12 INSTANT VIEW 4-Romania court rules some cuts illegal-agency [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's Constitutional Court rejected some parts of a key austerity package related to pensions on Friday, endangering a vital IMF-led aid deal, local news agency Agerpres reported, citing judicial sources. Disbursement of about 2 billion euros in aid from the International Monetary Fund and the European Union depended on the court's approval of a government move ... [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 09:52 INSTANT VIEW 1-Romania court rules some cuts illegal [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's Constitutional Court rejected some parts of a key austerity package related to pensions on Friday, endangering a vital IMF-led aid deal, local news agency Agerpres reported, citing judicial sources. The court said an official announcement would follow shortly. [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 09:49 Romania leu, stocks fall after austerity decision [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's leu and blue-chip stocks fell on Friday after local press reported the country's top court rejected some of the government's austerity measures related to pensions. The leu was down 0.5 percent on the day at 4.26 per euro by 0931 GMT and the blue-chip BET index was 2.1 percent lower at 5,029.51 points. [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 09:40 Romania court rules some cuts illegal - agency [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's Constitutional Court rejected some parts of a key austerity package related to pensions on Friday, endangering a vital IMF-led aid deal, local news agency Agerpres reported, citing judicial sources. The court said an official announcement would follow shortly. Disbursement of about 2 billion euros in aid from the International Monetary Fund and the ... [via YahooNews] More >>