07.29.2014

Romania’s minister delegate for Budget Liviu Voinea said the expenses budgeted for the programs financed from European Union funds reached less than half the target set for the first half of 2014, more

07.29.2014

The Ministries of Health, Defense, Economy, Education, Transport, Labor, Culture And Interior will get extra money at the upcoming budget revision, while funds will be cut from the Finance and more

07.29.2014

The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total revenue of more

06.25.2014

The Bucharest National Airport Company expects revenues of 676.8 million lei (EUR154 million) in 2014, up 1% from RON668.6 million forecasted for 2013, and gross profit of RON32.8 million, higher by more

06.19.2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has allotted a budget of 666 million lei (EUR151.5 million) for its exploration program in 2014, general manager Virgil Metea said more

06.18.2014

The Romanian Government on Wednesday approved the 2014 budget of Bucharest subway operator Metrorex, which envisages loss of over 66.5 million lei (EUR15.1 million) this year. more

06.16.2014

The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in the social more

05.29.2014

The tax on special constructions might bring over EUR500,000 million to the state budget in 2014, up to 5-fold higher compared with authorities’ estimations, money taken out of the economy, lawyer more

05.28.2014

The macroeconomic indicators may have been good news, as the economic growth was beyond expectations in the first quarter of 2014, but budget revenue did not follow the same trend, merely rising by more

05.27.2014

Romania’s consolidated budget posted a deficit of nearly RON2 billion, or 0.28% of gross domestic product, in January-April 2014, from 0.14% of GDP end-March and 1.19% of GDP in January-April 2013. more

05.21.2014

Budget Minister Liviu Voinea says Romania’s accession to the euro zone, which the government scheduled for January 1, 2019, will give the country a seat at Europe’s major powers’ table, where more

05.14.2014

Romania’s economy has likely expanded 3.5% in the first quarter, fueled by industry and domestic consumption, minister delegate for Budget Liviu Voinea said Wednesday. more

05.09.2014

The Finance Ministry has significantly underestimated the impact of the tax exemption on reinvested profit on the budget, at 600 million lei (EUR136 million), instead of RON2 billion, Ionut Dumitru, more

04.30.2014

Shareholders of nuclear power plant operator Nuclearelectrica (SNN.RO) approved the distribution of dividends totaling RON341 million (EUR76.7 million), nearly 11 times higher than last year and more

04.29.2014

Romanian car parts maker Altur Slatina (ALT.RO) expects revenue of 112.5 million lei (EUR25.2 million) in 2014, down 5% from 2013, and pre-tax profit of RON3.1 million, 3.7-fold higher on the year. more

04.28.2014

Romanian insolvent oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) estimates its net profit will triple this year, to RON5.6 million and its turnover will rise 23%, to RON78 million, more

04.27.2014

Romania’s consolidated budget posted a deficit of RON900 million, or 0.14% of the gross domestic product, in the first quarter of 2014, down from 0.46% of GDP at the end of February and 0.67% of GDP more

04.25.2014

Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO), controlled by businessman Laurentiu Vasile Dascalu, estimates its revenues at RON150.1 million (EUR33.8 million) this year, 11.3% more

04.25.2014

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) aims to double its gross profit to 7.2 million lei (EUR1.6 million) and boost total revenues by 14% to RON183.1 million in 2014, according more

04.18.2014

Having just returned from a trip to Washington where he met with the officials of the S&P and Moody’s ratings agencies, Budget Minister Liviu Voinea says chances are Romania will get a rating more

04.15.2014

Romanian vegetable oil producer Argus Constanta (UARG.RO) estimates revenues of RON191.7 million this year, up 34%, and a pre-tax profit of RON5.9 million. more

04.10.2014

Romanian conveyor belt maker Artego Targu Jiu (ARTE.RO) expects its revenues to go up 5% to 185 million lei (EUR41.4 million) and its net profit to drop 42% to RON3 million in 2014, according to the more

04.09.2014

Romanian company THR Marea Neagra (EFO.RO) targets a turnover of 32.5 million lei (EUR7.2 million) in 2014, up 16% on the year, and profit of RON3.4 million, nearly five times higher than last more

04.02.2014

Romania’s 20 priority investments for this year have a total budget of around EUR1.1 billion, but only four of these refer to new projects set to receive around EUR160 million in 2014. more

03.26.2014

Romania’s consolidated budget posted a deficit of 3.1 billion lei (EUR693 million) in the first two months of 2014, equal to 0.46% of the gross domestic product, Finance Ministry data showed. more