06.23.2016

Romania’s budget loses EUR8.3 billion annually due to the VAT deficit, namely the difference between the VAT to be collected and the sums actually collected, according to a PwC study analyzing more

06.22.2016

The Romanian Government on Wednesday approved the 2016 budget of revenue and expenditure for six state-owned companies, including the National Mineral Water Company, Plafar and the National more

04.25.2016

Romania's general consolidated budget posted a surplus of RON3 billion in the first three months of 2016, or 0.4% of gross domestic product, finance ministry data showed Monday. more

03.25.2016

Romania's general consolidated budget posted a surplus of RON0.8 billion in the first two months of the year, or 0.1% of gross domestic product, finance ministry data showed Friday. more

02.26.2016

Romania's general consolidated budget posted a surplus of RON4.7 billion in January, or 0.63% of gross domestic product, finance ministry data showed Friday. more

02.15.2016

Romania’s budget deficit would go over target if the representatives of the tobacco industry did not pay taxes for two months, estimated at EUR500 million, Gilda Lazar, Japan Tobacco International more

02.08.2016

The Romanian tax authority ANAF collected total revenues of RON19.25 billion in January 2016, 14% above the planned amount and 16% higher than the RON16.59 billion collected in the same period in more

01.29.2016

Romania's consolidated budget posted a deficit of 10.3 billion lei ($2.47 billion) in 2015, accounting for 1.47% of gross domestic product, below the government's deficit target of 1.85% of GDP. more

01.21.2016

Romania’s general consolidated budget switched from a surplus of 5.3 billion lei (EUR1.2 billion) or 0.76% of the gross domestic product in November 2015 to a deficit of about RON9 billion to RON10 more

12.28.2015

Romania's consolidated budget posted a surplus of 5.3 billion lei (EUR1.17 billion) in January-November, accounting for 0.76% of gross domestic product, from a deficit of RON0.2 billion (0.04% of GDP) more

12.18.2015

Romanian President Klaus Iohannis on Friday signed off the state budget and social insurance bills into laws, according to the presidential administration. more

12.16.2015

Romanian lawmakers on Wednesday approved the 2016 state budget plan with 309 votes in favor and 13 against. more

12.09.2015

The Transport Ministry was allotted a total RON11.86 billion in the state budget plan for 2016, but the amount could be supplemented by RON2 billion, depending on the ministry’s performance. more

12.09.2015

Romania's government on Wednesday approved the state budget plan for next year, which targets a budget deficit of 2.8% of gross domestic product and considers an economic growth projection of 4.1%. more

12.05.2015

Romania's 2016 state budget draft considers a deficit of 2.8% of gross domestic product, within the EU limit of 3%, to accommodate tax cuts and wage raises passed by the previous government. more

11.26.2015

The debts of Romanian companies to the state budget continued the downward trend and fell to RON47.9 billion in January-September, with the biggest debts registered by a company in KMG International more

11.18.2015

Romania's state budget for 2016, drafted by the country's former government, is built on an ESA deficit of 2.95% of gross domestic product and a cash deficit of 2.8% of GDP, and considers economic more

11.16.2015

Romania’s largest natural gas producer Romgaz (SNG.RO) has revised its estimated profit for this year to RON1 billion from RON1.5 billion expected according to the company budget approved in June. more

10.27.2015

Romania's consolidated budget posted a surplus of 6.1 billion lei (EUR1.37 billion), or 0.87% of the gross domestic product, in January-September, from a surplus of RON400 million in the same period more

10.23.2015

Romania's government on Friday approved this year's second budget revision, cutting funding for infrastructure and raising the health care budget to cover wage hikes, while keeping the deficit target more

10.22.2015

The ministries of Agriculture, Regional Development, EU Funds and Finance will receive the bulk of funds at this year’s second budget revision to be operated Friday, in government’s special more

09.28.2015

Romania's consolidated budget posted a surplus of 6.46 billion lei (EUR1.46 billion) in January-August, from a deficit of RON1.6 billion in the same period last year, finance ministry data showed. more

09.22.2015

Romania had about EUR6 billion available for healthcare this year, a budget wasted, considering too many actors get to decide how to spend it – the Health Ministry, the National Health Insurance more

08.26.2015

Romania’s consolidated budget posted a surplus of 7.41 billion lei (EUR1.67 billion) in January-July, from a deficit of RON1 billion in the same period last year, Finance Ministry data showed more

07.31.2015

The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more