austerity

Romanian Prime Minister Marcel Ciolacu claims that there will be no austerity, but on the contrary, there will be increased salaries, and by the end of the month the Government will assume its responsibility in Parliament on the package of…

Finance Minister Adrian Câciu presented, on Friday, after the Government meeting, the provisions of the Ordinance on the reduction of expenses, showing that compared to the version that was in decision-making transparency, the article…

The leaders of the ruling Coalition decided, on Monday afternoon, to stop hiring in the state and to reduce 10% of spending on goods and services, Digi24 sources say. The PSD, PNL and UDMR leaders met on Monday at the Government to discuss…

President Klaus Iohannis declared on Tuesday that the economic situation in Romania is good, there is economic growth and that there is no need for salary cuts. "There is no loophole. I am completely against chaotic pay cuts," the president…

Asked if he thinks there is an austerity scenario in Romania, during a press conference on Tuesday, Romanian President Klaus Iohannis replied that he does not believe in this option. "I don't think so, and we don't have a plan to enter into…

The second half of 2022 will force company leaders to adopt an austerity plan, in the context of the accelerated increase of energy or fuel prices, but also in the current conflict in Ukraine context. Thus, in some industries, marketing…

Athens has not formally asked Moscow for financial help to pay off its debt, Russian President Putin said after he met with Prime Minister Alexis Tsipras in Moscow on Wednesday, rt.com reports. “The Greek side did not contact us with any…

“At long last, the United States is showing signs of recovery from the crisis that erupted at the end of President George W. Bush’s administration, when the near-implosion of its financial system sent shock waves around the world. But it…

A German report says Chancellor Angela Merkel is prepared to let Greece quit the eurozone should the people elect a government that abandons austerity. Berlin is increasingly convinced a "Grexit" would be bearable, Deutsche Welle informs.…

Klaus Iohannis spoke about “his radical goals for the country” in an interview with The Independent on Sunday. Among them there are the return to fiscal restraint, bolstering the rule of law and dealing with corruption. "My election was…