04.18.2013

The International Monetary Fund (IMF) now expects economic growth of 1.6% for Romania in 2013, down from a 2.5% rise predicted in the autumn of 2012. more

04.16.2013

Energy Complex Oltenia, Hidroelectrica and Nuclearelectrica, the largest energy producers in Romania, have budgeted significantly higher profits for this year against last year, with upbeat forecasts more

04.15.2013

Romania will receive some EUR7.2 billion through the EU-financed National Program for Rural Development for the interval 2014-2020, down from EUR8.1 billion in 2007-2013, Agriculture Minister Daniel more

04.10.2013

Romania’s tax authority ANAF collected total taxes of 27 billion lei (EUR6.15 billion) in the first three months of 2013, up 6.5% compared with the similar interval a year ago, thanks to higher VAT more

04.09.2013

Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public money more

04.08.2013

The company in charge of Romania’s highways and national roads, CNADNR, will get 5.8 billion lei (EUR1.3 billion) budget this year, down 27% on the allocation in early 2012 and 5% less than it more

03.29.2013

Romanian lender Banca Transilvania (TLV.RO) forecasts a gross profit of 388 million lei (EUR87.98 million), up 14.5% from RON340 million a year before, according to a budget draft under debate by the more

03.27.2013

Romanian state-owned passenger railway carrier CFR Calatori estimates a loss of 427.2 million lei (EUR96.8 million) this year, much wider than the loss expected for 2012, of RON296 million. more

03.26.2013

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, forecasts revenues of $315 million in 2013, up 18% from a year before, the company said in a statement Tuesday. more

03.26.2013

Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesday. more

03.18.2013

Romanian state-owned freight company CFR Marfa forecasts losses of 211 million lei (EUR47.84 million) in 2013, 2.2-fold higher from RON95 million seen in 2012. more

03.18.2013

Romanian plastics producer Prodplast Bucuresti (PPL.RO) estimates to return to profit in 2013, as production has resumed, after it reported loss of 2.1 million (EUR486,000) in 2012 as a result of more

03.15.2013

Romanian drug maker Biofarm (BIO.RO) Friday said it forecasts 10% higher sales in 2012, to 115.1 million lei (EUR26.2 million), from RON105 million a year before. more

03.15.2013

President Traian Basescu said Friday, at the end of the European Council meeting, that upcoming talks in the European Parliament (EP) as regards making European funds more flexible will allow Romanian more

03.15.2013

Bucharest subway operator Metrorex allotted 299.7 million lei (EUR68.1 million) for investments this year, down from RON779 million in 2012, and estimates losses of RON24.8 million, according to its more

03.14.2013

Romania would be exposed to increased financial risks and would pay higher interests if it were to cut short its EUR5 billion loan agreement with the International Monetary Fund and the EU, Budget more

03.13.2013

The ten biggest debtors to Romania’s general consolidated budget, seven of which are state-run companies, had overdue payments of 14.5 billion lei (around EUR3.3 billion) in taxes and contributions more

02.27.2013

The split of the National Highways and Roads Company in Romania (CNADNR) into two entities brings up the way in which the money that the institution gets every year will be distributed. The company more

02.25.2013

Romania’s consolidated budget posted a surplus of 1 billion lei (EUR228 million) in January, equal to 0.17% of the gross domestic product, Finance Ministry data showed Monday. more

02.21.2013

Romania President Traian Basescu on Thursday passed the laws regulating the state budget and the social security budget for 2013. more

02.13.2013

Romania’s Constitutional Court on Wednesday unanimously ruled the 2013 state budget law as constitutional. more

02.08.2013

Romania will get European Union financing of EUR39.887 billion during 2014-2020, up 18% compared with the budget for 2007-2013, president Traian Basescu said Friday in Brussels. more

02.01.2013

Romanian budget-finance parliamentary commissions adopted on Friday the state budget draft law, with amendments, as well as the state social insurance budget on 2013, without amendments. more

01.28.2013

The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary Fund, more

01.25.2013

Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday. more