08.11.2011

Romania’s 2012 budget deficit target of 3% of the gross domestic product will be “very difficult to achieve”, particularly since the fiscal strategy doesn’t factor in the situation of more

08.10.2011

Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority ANAF more

08.09.2011

The Romanian Transport Ministry will revise its privatization budget this year and expects it will obtain revenues of 52.5 million lei (about EUR12.3 million), mainly from dividends, triple compared more

08.07.2011

The Romanian Government will deterimine by September the sum to be paid next year to public sector employees who won salary rights in court, and will set a payment schedule for the coming years, so more

08.05.2011

Romania’s former Health Minister Attila Cseke, who resigned Thursday over a budget dispute, said the situation of the country’s healthcare system is even more serious than in the previous years, more

08.05.2011

Romania plans to spend EUR1 million in three years to promote local fresh fruit and vegetables under a program that is pending the European Commission’s approval, the Agriculture Ministry said more

08.04.2011

Romania’s Government on Wednesday approved this year’s first budget revision, raising the budgets of several ministries to finance investments and eliminate debts incurred by state companies, more

08.03.2011

Romania’s Fiscal Council Wednesday said the budget revision draft proposed by the Finance Ministry breaks the fiscal responsibility law because the additional money to be allocated at the revision more

08.02.2011

Romania will assign 300 million lei (about EUR71 million) to healthcare at this year’s budget revision, will save RON150 million in the reserve fund for hospitals and will supplement loans by over more

08.01.2011

Romania's Finance Ministry will lend the EU fund management authorities up to 2.2 billion lei (EUR520.7 million), over the year, from privatization earnings, to stimulate absorption, according to the more

08.01.2011

Romania's Government will increase the budgets of the intelligence services and Interior, Defense and Justice ministries by almost 724 million lei (over EUR170 million), for personnel expenses, more

08.01.2011

Romania's government will increase the budgets of several ministries, in order to finance investments and eliminate debts incurred by state enterprises, but will give less resources to the Ministry of more

07.29.2011

Romania's Government will conduct this year's first budget adjustment in early August, with priority granted to allotting additional resources for investment programs, especially those run by the more

07.25.2011

Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday. more

07.21.2011

Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime more

07.17.2011

Romania's Government will revise the 2011 budget in the first half of August, after the second International Monetary Fund review of a precautionary agreement signed in March, people close to the more

07.12.2011

Prime Minister Emil Boc said Romania’s economy is expected to grow by 1.5% to 2% this year, and by 3.5%-4% next year. more

07.05.2011

Romania’s contribution to the 2011 budget of the European Union will be reduced by EUR46.3 million, to EUR919 million, as the European Parliament voted to distribute the surplus in the last year's more

06.28.2011

May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 million), more

06.27.2011

Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next year's more

06.27.2011

Romania’s general consolidated budget registered a deficit of 7.42 billion lei (EUR1.76 billion) at the end of May, namely 1.36% of the gross domestic product, higher than the 1.2% deficit more

06.21.2011

The management of Transgaz Medias (TGN.RO) admits that budget projections for 2011, which included a profit at one third of 2010 level and falling revenues, are not quite in line with reality. more

06.14.2011

The only thing Romania can do to boost economic growth is to assume an additional budget gap by granting state guarantees for crucial infrastructure projects, says Sebastian Vladescu, a former finance more

06.07.2011

Romania’s consolidated budget posted a deficit of 6.7 billion lei (EUR1.6 billion) in the first five months, equal to 1.2% of the gross domestic product, Finance Minister Gheorghe Ialomitianu said more

06.02.2011

The caps on budget deficit and public debt, proposed for introduction in the Constitution, would be an important step in rendering public finance more sustainable, but correction of potential excess more