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Tag Archives: release

AmCham Romania: The pensions’ law draft must ensure the long-term sustainability of the increases it generates, without creating budgetary and macroeconomic imbalances

In the context of the recent approval by the Romanian Government of the Pensions’ Law Draft, AmCham Romania expresses its concern regarding the significant increase of the social security expenses that such project levies on the general consolidated budget. We ...

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Criminal Code amendments: Convicts sentenced to less than 10 years in prison can be released if they served half their sentence. No assets seizure for money laundering

The joint special committee of the Chamber of Deputies and Senate set up to amend the justice laws and criminal codes, led by Florin Iordache (photo), has started debates and voting procedures on the Criminal Code on Thursday. Among the ...

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PensionsEurope calls on Romanian Gov’t to safeguard the current legislative framework of private pensions, to continue the mandatory participation to the 2nd pillar

In a release issued on Wednesday, PensionsEurope calls on the Romanian Government to safeguard the Romanian private pension system’s design and warns that of great importance is also to continue the mandatory participation to the 2nd pillar. “It is important ...

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Update – BNR increases monetary policy rate to 2pc. Governor Isarescu: This does not mean ROBOR Index will grow further

In its meeting of Monday January 8, 2018, the Board of the National Bank of Romania (BNR) has decided to increase the monetary policy rate to 2.00 percent per annum, up from 1.75 percent per annum as of 9 January ...

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1,200 prisoners already released, the number will reach 8,000 per year. 70-80pc will be arrested again

The National Penitentiaries Administration’s trade union federation says Justice Minister Tudorel Toader is wrong by claiming only 650 prisoners have been released after the compensatory appeal was approved. “The Justice Minister misinforms the Parliament by stating that, during the first ...

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Update – Law 169 enforced: 529 released from penitentiaries, more than 1,000 expected to follow

The trade union federation with the Penitentiary National Administration (ANP) says hundreds of prisoners have been released on Thursday, following the coming into force of law 169 on compensatory measures for inmates serving the sentence in improper accommodation conditions. They ...

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Holzindustrie Schweighofer says it fights illegal logging with a sound action plan for sustainable timber industry

Holzindustrie Schweighofer does everything within its means to fight illegal logging in Romania although the company does not harvest trees itself – it buys the timber from suppliers who act under the Romanian Law, a release from the company reads. ...

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Justice Minister says draft ordinance on pardon was improved, no rapists and murderers to get out of jails. Protests still on

Justice Minister Florin Iordache stated during the weekend that the draft ordinance on pardon had been improved, assuring that murders and rapists older than 60 years would not get out of jail, as civil society fears. The minister says there ...

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