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In the news 12/08/2009
(2009-08-12)
Last updated: 2009-08-12 15:00 EET Print
The trade unions and opposition in Romania disapprove of the Government’s decision under which state employees are forced to take unpaid leaves. Finance minister, Gheorghe Pogea, says the measure is necessary for the Government to cut expenditures. He claims that if each public sector employee takes 10 unpaid days off from September through November, almost 350 million lei from the budget will be saved. Direct foreign investment in Romania dropped in the first 6 months of the year by 40% against the level reported in the same period of last year, reaching 2.7 billion euros – data provided by the National bank shows. Of the total amount of investments, capital share accounted for 40%, intra-group credits stood at almost 50% while the rest was re-invested profit. Last year direct foreign investments stood at 9 billion euros. The National Bank of Romania also announced the current account deficit dropped by 73% in the first quarter as compared to the same period of last year, to reach 2.4 billion euros. The tourist port of Mangalia (in the south east) is hosting these days the annual meeting of the Romanians in the Diaspora, called “Come home”. The 2009 edition of the meeting is devoted to the press of the Diaspora. Participating are representatives of the written press, television, radio and online press associations from 13 countries. Focus will be laid on the activities and initiatives of the mass media associations outside Romania. Trade unionists in the Romanian industry have today picketed the Ministry of the Economy headquarters in protest of the government’s failure to meet their requests. trade unionists claim that the current situation in Romanian industry will lead to the lay off of 3 500 experts working in the weaponry and ammunition factories. They asked the government to make this industry profitable and complain about the current legislation that puts Romanian producers at a disadvantage. On Tuesday policemen protested across Romania for not receiving compensatory payments.

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