Expats

Analysis: Central Europe walks austerity tightrope [May 04, 2012] BUCHAREST (Reuters) - When Romania's government cut salaries by a quarter in 1931, it collapsed and the country ran through 22 different cabinets in a decade and slid into dictatorship and war. Eight decades later, another government introduced a similar austerity measure under an International Monetary Fund-led bailout. It fell and parliament threw out its successor after just two months ... [via YahooNews] More >>

Leave a Reply [Mar 11, 2012] Raising salaries in the public sector without an increase of budget incomes might endanger Romania?s programme with the European Union (EU) and the International Monetary Fund (IMF), such a measure being the main risk for the Romanian economy, Deutsche Bank warns, quoted by Mediafax.The German Bank revised downwards its forecast of Romania?s economic growth this year, from 1.9 pc to 1.7 pc ... [via YahooNews] More >>

Around 300 Romanian coal miners protest over salaries [Mar 05, 2012] BUCHAREST, Romania ? Hundreds of coal miners have taken to the streets of their mining city in western Romania to protest low salaries and work conditions. [via YahooNews] More >>

Romania opposition commits to IMF deal [Nov 24, 2011] BUCHAREST (Reuters) - Romania's opposition centre-left alliance, with a strong lead in opinion polls, would stick to the terms of an IMF bailout if it wins a 2012 general election, its leader said on Thursday. The current centrist government of Prime Minister Emil Boc slashed salaries and raised value added tax to conclude a 20 billion International Monetary Fund-led bailout earlier this year ... [via YahooNews] More >>

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 >>

Players told 'most' Romanian clubs can't pay wages [Feb 18, 2011] Football players around the world have been warned against moving to Romania because most clubs there struggle to pay salaries. International players' union FIFPro has issued advice that "the majority" of clubs in Romania's top three divisions are in financial trouble. FIFPro is warning that Romanian clubs look abroad for players "who are ignorant of this situation." It... [via YahooNews] More >>

Thousands protest Romanian austerity measures [Sep 28, 2010] Thousands of protesters rallied Tuesday in Bucharest over government austerity measures that have cut state salaries. [via YahooNews] More >>

Austerity protests break out across Romania [Sep 15, 2010] BUCHAREST, Romania - Anti-government demonstrations swept across Romania on Wednesday, with medical workers, taxi drivers and civil servants protesting cuts in salaries, bonuses and jobs. [via YahooNews] More >>

100 hospital employees protest in Romania over cuts in salaries, bonuses and planned layoffs [Sep 15, 2010] BUCHAREST, Romania - More than 100 hospital employees in Romania have scuffled with guards and tear gas was fired after angry hospital workers tried to break into a hospital to protest cuts in salaries, bonuses and planned layoffs. [via YahooNews] More >>

Nine O'Clock [May 19, 2010] Central Bank governor says Romania heads towards a deficit of 9-10 pc of its Gross Domestic Product. Cutting salaries and pensions wont lead to recovery; creating new jobs in private economy will increase budget incomes. [via YahooNews] More >>

Market Commentary and Intraday News [May 14, 2010] (AP:BUCHAREST, Romania) Up to 500 Romanian state-paid employees have protested in Bucharest over authorities' plans to cut salaries and pensions during the economic downturn. [via YahooNews] More >>

Romanian unions prepare protests, will meet president over proposed cuts to salaries, pensions [May 07, 2010] BUCHAREST, Romania - Romania's president will meet unions threatening to launch protests over sweeping cuts to salaries of public sector workers and pensions. [via YahooNews] More >>

Romanian unions prepare protests, will meet president over proposed cuts to salaries, pensions [May 07, 2010] BUCHAREST, Romania - Romania's president will meet unions threatening to launch protests over sweeping cuts to salaries of public sector workers and pensions. [via YahooNews] More >>

Market Commentary and Intraday News [Apr 22, 2010] (AP:BUCHAREST, Romania) Thousands of Romanian teachers have staged a one-day strike demanding higher salaries and more job security. The Thursday walkout has affected thousands of high school students taking exams. [via YahooNews] More >>

Nine O'Clock [Apr 01, 2010] Salaries in the Agriculture Ministrys Human Resources Department were upped 75 pc by an order of the minister, dating back from February 26, which retroactively enforces the decision starting with January 5 this year, Mediafax reports. [via YahooNews] More >>

About 2,000 Romanian teachers protest low wages (KYIV Post) [Mar 25, 2010] BUCHAREST, Romania (AP) ? About 2,000 teachers are protesting salaries they say are too low, especially since the government stopped paying bonuses. [via YahooNews] More >>

Romanian teachers protest against salary cuts (EARTHtimes.org) [Mar 25, 2010] Bucharest - Romanian teachers demonstrated on Thursday against a new law they say will reduce their salaries by up to 30 per cent.... [via YahooNews] More >>