04.26.2012

Romanian pharmaceuticals company Zentiva Romania (SCD.RO) expects sales of 255 million lei (EUR58 million) in 2012, up 8.5% on the year, and a 3% higher profit, of RON35 million (EUR8 million). more

04.26.2012

Romania’s consolidated budget posted a deficit of 3.4 billion lei (EUR776 million) in the first quarter, equal to 0.56% of the gross domestic product, Finance Ministry data showed Wednesday. more

04.25.2012

Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from markets for fear more

04.20.2012

Romania's Government has announced it plans to carry out this year's first budget revision in the second semester, during the parliamentary recess, scheduled for July-August 2012. more

04.19.2012

More than two million Romanian pensioners who earn less than 740 lei (EUR170) will no longer pay the 5.5% contribution to social health insurance, leaving the state budget without roughly EUR1 billion more

04.11.2012

The reorganization of Romania's tax authority ANAF and improvements to the relationship between taxpayers and fiscal authorities will result in an increase to budget revenue of a few points on the more

03.29.2012

Romanian lender Banca Transilvania (TLV.RO) on Thursday said it expects a 20% year-on-year increase in pretax profit, to 334.7 million lei (EUR76.4 million) in 2012 from RON278.2 million a year more

03.28.2012

Romanian Rompetrol Rafinare SA (RRC.RO), which clusters the refinery operations of oil group Rompetrol, expects to reduce its loss this year to $86 million, from $167.4 million in 2011. more

03.27.2012

The Romanian Government will increase the budget of the Standing Electoral Authority (AEP) by 7.8 million lei (EUR1.7 million) to complete the setting up of the electoral register program, according more

03.27.2012

Romania’s budget was fully affected by the bad weather in February, moving from a surplus of 0.2% of GDP in January to a deficit of 0.4% of GDP in February. more

03.26.2012

Romania’s consolidated budget posted a deficit of 2.7 billion lei (EUR618 million) in the first two months, equal to 0.44% of the gross domestic product, Finance Ministry data showed Monday. more

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