07.28.2015

Romania's government approved this year's first budget revision Tuesday, as proposed by the Finance Ministry. more

07.22.2015

A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to zero, more

07.22.2015

Romania’s Prime Minister Victor Ponta on Wednesday said the Government will approve this year’s first budget revision next Tuesday, July 28. more

07.07.2015

Finance Minister Eugen Teodorovici said Tuesday that the Romanian government plans to keep the budget deficit at around 1.2% of the GDP in 2016, as agreed with the international financial more

06.30.2015

Romanian state-run copper producer Cupru Min estimates its net profit will be more than three times lower thsi year, at RON1.56 million, and expects revenues of RON144 million, 5% lower compared to more

06.24.2015

Romania’s budget deficit will be higher than the target agreed with the international financial institutions next year, but still below the cap of 3% of the gross domestic product allowed by the more

05.26.2015

Romania’s consolidated budget posted surplus of 5.96 billion lei (EUR1.35 billion) in the first four months of the year, compared with a RON1.88 billion deficit in the same period of 2014, Finance more

05.05.2015

Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministry state more

05.05.2015

The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring forecast more

04.30.2015

Shareholders of Romanian pharmaceutical producer Antibiotice Iasi (ATB.RO) Thursday approved the payment of dividends worth 15.74 million lei (EUR3.5 million), or half of last year’s profit, the more

04.28.2015

Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday. more

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