03.26.2012

Bucharest's general council has approved the city's budget more than a month and a half after the legal deadline, an extremely optimistic budget even for this election year, with revenues expected to more

03.14.2012

Romanian state-owned medicine maker Antibiotice Iasi (ATB.RO) expects pretax profit to reach 29.9 million lei (EUR6.86 million) this year, up 13% from RON26.4 million in the previous year, according more

03.14.2012

The Romanian national roads company CNADNR, which each year gets the biggest budget allocated to the Transport Ministry, between 2006 and 2011 had cumulated budgets of over EUR10 billion and completed more

03.06.2012

The Romanian Development Ministry’s 2012 budget was reduced by 15% and the institution will prioritize investment projects that are over 80% finished, as well as infrastructure and tourism projects more

03.06.2012

The Bucharest City Hall has to find solutions for drastic budget cuts of 1 billion lei (EUR230 million) this year, as revenues are dwindling and the institution has already run out of the cash more

02.28.2012

The growth rate of revenues from the value added tax slowed down in January to 15%, half of the growth recorded in the same month of 2011. The slowdown of revenues collected came as the base effect of more

02.24.2012

Romania’s consolidated budget posted a surplus of 1 billion lei (EUR229.9 million) in January, equal to 0.2% of the gross domestic product, the Finance Ministry said Friday. more

02.03.2012

Romanian investment fund SIF Moldova (SIF2.RO) expects to a achieve a net profit of 76.5 million lei (EUR17.6 million) this year, compared to RON191.5 million in 2011, when it sold its stake in local more

01.31.2012

Romanian road authority CNADNR's budgeted investment spending will be raised this year by 21 million lei (EUR4.8 million) or 0.27%, to RON7.751 billion, of which almost half will come from funds for more

01.30.2012

Bucharest subway operator Metrorex last year paid maintenance contractor Alstom 146 million lei (EUR33.68 million) and estimates these expenses will rise in 2012 by 7.5%, to RON157 million, according more

01.29.2012

Romania is securing credit lines at the World Bank, the European Union, and “wherever” to have a fallback in case things take a turn for the worst in the eurozone, President Traian Basescu told a more

01.27.2012

Romanian state-owned railway company CFR Marfa last year posted losses of 133.5 million lei (EUR30.76 million), 67.9% higher than the level approved in its budget, RON79.5 million. more

01.26.2012

Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday. more

01.25.2012

Crowding and discontent, this was the atmosphere on Tuesday morning in front of the Fiscal Administration of Bucharest's 2nd district, where around 100 people were queuing up to submit the necessary more

01.23.2012

The Bucharest National Airport Company (CNAB) will allot 13.2 million lei (EUR3 million) to modernize the Henri Coanda (Otopeni) airport’s presidential lounge, according to the company’s 2012 more

01.19.2012

Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved more

01.17.2012

Romanian consolidated budget posted a deficit of 4.35% of the gross domestic product in 2011, just shy of the government’s target of 4.4% of GDP agreed with the International Monetary Fund, more

01.09.2012

Romanian central and local authorities in 2010 caused 3.2 billion lei (EUR735 million) in damage to the state budget by failing to collect certain income on time, using funds illegally, hiring more

01.09.2012

Roche Romania estimates to have ended 2011 with approximately 900 million lei (EUR207 million) in sales, while the 2012 budget is conservative, built in lei around expectations of growth. more

01.06.2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday said it expects revenue of 2.62 billion lei (EUR603.9 million), down 6% on the year, but pretax profit is expected to double more

01.04.2012

Romania posted an economic growth close to 2% in 2011 and it has kept the budget deficit below the target of 4.4% of the gross domestic product, Prime Minister Emil Boc said Wednesday. more

12.29.2011

Romanian aluminum maker Alro Slatina (ALR.RO) revised its budget for 2011 as it now expects a net profit of $76 million, up 19% from the initially seen $64 million, despite buying electricity at more

12.27.2011

Romania’s consolidated budget posted a deficit of 16.9 billion lei (EUR3.9 billion) after the first 11 months, equivalent to almost 3% of the gross domestic product, a Finance Ministry official said more

12.23.2011

Romanian gas transporter Transgaz (TGN.RO) on Friday said it has requested a correction of its financial indicators because it expects pretax profit to be 53% higher. more

12.21.2011

The Romanian Government has increased the 2011 budgets of the ministries of Transport, Environment, Regional Development, Education and Health to pay arrears, Government spokeswoman Ioana Muntean said more