12.03.2014

The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certain salary more

11.27.2014

The Romanian Government has drawn up a list of 115 public investment projects which are a priority for the 2015 state budget and entail total funds of over RON63 billion in upcoming years. more

11.24.2014

Romania’s Minster-delegate for the budget Darius Valcov on Monday said the draft state budget for 2015 will be completed by Friday, subsequently discussed with officials of the European Commission more

11.20.2014

Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut Dumitru, more

11.19.2014

A joint delegation of the International Monetary Fund and the European Commission will visit Romania at the start of December to discuss with the local authorities the draft of the country’s budget more

11.18.2014

Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will more

11.04.2014

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following more

10.27.2014

Romania’s government budget turned to surplus at the end of September, as spending took a dive in the first nine months, mainly due to lower allocations for public investments. more

10.21.2014

The guarantee budget for the government-backed mortgage lending First Home program has been raised by an additional RON400 million. more

10.20.2014

The revised budget of revenue and expenses for 2014 of Romanian freight railway carrier CFR Marfa envisages revenue of RON1.117 billion and expenses of RON1.093 billion, higher by RON58 million, due more

10.07.2014

The 9% decrease of the local beer market in the first six months of the year triggered losses worth 60 million lei (EUR13.6 million) to the state budget, Romanian Brewers Association announced more

10.03.2014

The Romanian tax authority ANAF collected revenues of 135.98 billion lei (EUR30.8 billion) in the first nine months, 0.5% above the planned amount, the institution said in a news release Friday. more

09.30.2014

Local authorities were assigned an extra RON1.1 billion at this year's second budget revision and the Ministry of Public Administration and Regional Development got and extra RON400 million for more

09.30.2014

Romania's Fiscal Council on Tuesday said the government’s revised estimate for VAT collections is unrealistic, considering collections in July and August, adding the more cautious approach would more

09.28.2014

The Ministries of Labor, Public Administration, Defense, Justice, Interior and Foreign Affairs will get extra money at the second budget revision, while funds will be cut from Health, Agriculture, more

09.26.2014

A lower sales tax in the meat industry is a priority, after Romania lowered the VAT rate on beard to 9% from 24%, but the decision will belong to the future cabinet, after the presidential election in more

09.25.2014

Romania’s government deficit slightly rose to 0.24% of the gross domestic product after the first eight months, from 0.2% of GDP at the end of July, as budget spending continued its downward trend. more

09.22.2014

Romanian Prime Minister Victor Ponta stated that this year’s second budget revision will be operated next week, adding that the budget revision will be positive. more

09.16.2014

Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according to data more

08.29.2014

Romania's government will redistribute funding left unused from the RON500 million guarantee budget for housing built by the National Housing Agency (ANL) under the "First Home" mortgage lending more

08.27.2014

Romanian state-owned airline Tarom expects a loss of RON116.8 million this year, from a loss of RON130.1 million in 2013, according to the company budget the government approved Tuesday. more

08.27.2014

Social democrat senator Darius Valcov has been appointed minister-delegate for the budget. more

08.26.2014

Romania’s government deficit narrowed to 0.2% of the gross domestic product after the first seven months, from 0.5% of GDP at the end of June, as budget spending went down. more

08.12.2014

While people and investors keep complaining about the lack of road infrastructure, Romania’s national company in charge of highways and national roads CNADNR spent only 40% of the money it should more

07.31.2014

Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax rate, more