11.07.2013

Romania’s government estimates total revenues to the general consolidated budget will reach 201.9 billion lei (EUR45.5 billion) in 2014, down from RON205.8 billion expected this year, according to more

11.07.2013

Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, more

11.06.2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

11.04.2013

Romania’s state revenue collections amounted to 17.09 billion lei (EUR3.85 billion) in October, up 7.38% compared with the similar interval a year ago and 2.66% higher than expected, tax authority more

11.04.2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more

11.01.2013

Romanian state companies will continue to contribute 85% of their profit to the state budget in 2014, Minister-delegate for Energy Constantin Nita said Friday. more

10.31.2013

Romanian state revenue collections for the third quarter fell 4 billion lei (EUR902 million) short of expectations, Finance Ministry data showed. more

10.30.2013

Romania’s Government on Wednesday approved the year’s second budget revision, following talks with the International Monetary Fund, Prime Minister Victor Ponta said. more

10.28.2013

Romania's second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously, people close to the matter told Mediafax Monday. more

10.28.2013

September completed the picture of a budget execution centered on fulfilling the electoral campaign obligations of the Social-Liberal Union, in total disregard for the dire need for investments of the more

10.26.2013

Romania’s consolidated budget posted a deficit of 8.1 billion lei (EUR1.81 billion) in the first nine months of 2013, equal to 1.3% of the gross domestic product, Finance Ministry data showed more

10.25.2013

Romania’s Government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are 3.8 billion lei (EUR0.85 million) lower than expected, more

10.24.2013

Romania will revise down its state budget for 2013 at this year's second budget revision, which is scheduled for end-October, Prime Minister Victor Ponta said Thursday. more

10.24.2013

Businesspeople in Romania have started to draft next year’s budgets for their companies, but they cannot use the country’s 2014 draft budget as reference point because the latter will be finalized more

10.23.2013

Romania's 2012 budget deficit was barely kept within the target of 3% of the gross domestic product agreed upon the international financial partners, under the European System of Accounts (ESA 95) more

10.18.2013

Mutual funds financed Romania’s budget deficit by purchasing treasury bonds worth more than 6 billion lei (EUR1.35 billion), which translates into almost half of RON12.5 billion worth of assets they more

10.17.2013

The Romanian state’s promises and effort to bring more money to the budget ultimately translates into more pressure, though not on tax evaders, but on all those who pay their obligations to the tax more

10.09.2013

Romania’s Government will consult with experts of the International Monetary Fund and the European Commission on the country’s 2014 state budget, Prime Minister Victor Ponta said Wednesday. more

10.05.2013

Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and because of more

09.27.2013

Romania’s Government will approve a list of priority projects in the next three or four weeks, including several multiannual infrastructure projects, minister-delegate for the state budget Liviu more

09.26.2013

Romania’s consolidated budget posted a deficit of 7.92 billion lei (EUR1.77 billion) in the first eight months of 2013, equal to 1.27% of the gross domestic product, Finance Ministry data showed more

09.10.2013

Romania's Payment Agency for Rural Development and Fisheries, or APDRP, will grant financing of EUR7.1 billion to support projects between 2014 and 2012, down by EUR1 billion from the 2007-2013 more

08.26.2013

Romania’s consolidated budget posted a deficit of 6.02 billion lei (EUR1.36 billion) in the first seven months of 2013, equal to 0.96% of the gross domestic product, Finance Ministry data showed more

08.22.2013

Romania’s Government on Wednesday approved a decision raising the budget of a de minimis state aid scheme targeting small and medium-sized businesses (SMEs) from 400 million lei (EUR89.8 million) to more

08.13.2013

The Romanian Government’s recent announced budget revision breaks several fiscal-budgetary rules and is based on unrealistic expectations, especially overestimated revenue from the income tax and more