04.21.2015

Romania posted last year the third lowest government deficit in the European Union, of 1.5% of GDP, after Lithuania and Latvia, according to Eurostat data released Tuesday. more

04.08.2015

The Romanian government estimates the VAT cut to 9% for food products will have an impact over the budget of 18.25 billion lei (EUR4.13 million) by 2018, covered by the additional revenues collected more

04.07.2015

Romanian drug maker Biofarm Bucuresti (BIO.RO) wants to acquire a pharmaceutical company to gain market share and grow its own business. more

04.06.2015

OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was down 60% more

03.23.2015

Bucharest subway transport operator Metrorex plans to increase expenses with salaries, bonuses and the contracts of mandate of the management this year, the company said Monday. more

03.05.2015

Romania’s Financial Supervisory Authority (ASF) on Thursday said it registered revenue of RON165.92 million from its basic activity in 2014, up 18.67% from RON139.82 million a year before. more

02.27.2015

Romania’s consolidated budget registered a surplus of 3.95 billion lei (EUR889 million), or 0.56% of the gross domestic product, supported by higher revenue from income and property taxes, and the more

02.19.2015

Romanian Finance Minister Darius Valcov on Thursday said the planned tax cuts imply freezing budget spending in 2016 at this year’s level. more

02.17.2015

The debts of state-run companies account for almost half of their revenue and most of the money is owed to the state budget. more

02.03.2015

Subway transport operator Metrorex estimates it will register revenues of RON683.4 million this year and equal expenses, as last year's revised budget showed revenues 8.7% lower and a loss of more more

01.30.2015

Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the first time more

01.19.2015

The government has not allotted a budget for the de minimis aid scheme for small and medium sized businesses for 2015 and SMEs that benefit from the scheme won't have access to such funding unless more

01.14.2015

This year's government-guaranteed mortgage lending First Home program will have a maximum guarantee budget of RON2.5 billion plus funds left unused last year, the government decided Wednesday. more

12.29.2014

Romania’s consolidated budget turned to a deficit of 0.04% of the gross domestic product after the first 11 months, from a surplus of almost 0.3% of GDP at the end of October, Finance Ministry data more

12.29.2014

Romanian President Klaus Iohannis signed the 2015 state and social security budget bill into law Monday, the president's office said in a statement. more

12.29.2014

Romania's Constitutional Court sustained the 2015 state budget law Monday, rejecting the Liberal Party's objections. more

12.19.2014

Romania’s Fiscal Council says the fiscal revenue is overestimated by 2.35 billion lei (), or 0.33% of the gross domestic product, in the 2015 budget draft, while the investment expenditure won’t more

12.15.2014

The transport sector got 6.3 billion lei (EUR1.4 billion) this year, but just RON4.65 billion (EUR1 billion) were spent. For 2015, the RON6.1 billion (EUR1.4 billion) budget is 30% higher on paper, more

12.12.2014

The Fiscal Council representatives estimate that the increase of certain categories of revenue in the 2015 draft budget are overvalued, while other expenses are underestimated, and that doubling of more

12.11.2014

The Ministries of Labor, Development, Finance, European Funds, Agriculture, Environment, Transport, Economy will receive extra funds in 2015, while the Ministries of Health, Culture and Interior will more

12.11.2014

Romania’s consolidated budget revenues are estimated for 2015 at 226.36 billion lei (EUR51.5 billion), or 31.9% of the gross domestic product, according to the budget draft published by the Finance more

12.09.2014

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit to more

12.05.2014

The International Monetary Fund and the European Commission asked the Romanian government to bring next year the budget deficit to 0.9% of the gross domestic product, but the local authorities are more

12.03.2014

Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees. more

12.03.2014

Romanian Prime Minister Victor Ponta on Wednesday stated he would never understand the opinion of the Fiscal Council regarding this year’s third budget revision, adding that the International more