A Romanian draft Government emergency decree, which almost doubles the level of social security contributions those who gain income from freelance activities must pay starting 2011, was debated in the Government, but no decisions were taken, Labor Minister Ioan Botis...

The International Monetary Fund is worried regarding Romania’s government arrears, which also affect the private sector and the country’s economy, Jeffrey Franks, IMF mission chief to Romania, said Saturday.

Romania must continue the process of restructuring its public sector in the upcoming years, so that, following reforms, the country's economy become more competitive and efficient, IMF mission chief Jeffrey Franks said Saturday.

The chief of the International Monetary Fund mission to Romania, Jeffrey Franks, said Saturday that the reshuffling of the Romanian Government will not affect the disbursement of a new loan installment to Romania and will not lead to higher financing...

Romanians who gain income from freelance activities will pay, starting with 2011, social security contributions of at least 25.36% up to 35% of their income, nearly double from the current level of contributions, according to a draft government emergency decree.

Romania’s new Economy Minister, Ion Ariton, was investigated in 2003 for actionable negligence and forgery by current Prosecutor General Codruta Kovesi, causing 700,000 lei (EUR1=RON4.2796) in damages to Petrom Sibiu, but the charges were dropped on lack of evidence.

The Court of Appeals in Romania’s capital Bucharest ruled Friday in favor of placing twelve suspects in a real-estate fraud case under one-month preventive arrest, while three others have been banned from leaving town throughout the investigations.