12.06.2013

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) targets turnover of 215 million lei (EUR48.1 million) in 2014, slightly up from RON210 million estimated in the company’s more

12.04.2013

Romania’s Parliament Wednesday adopted the draft laws on the state budget and social security budget for 2014. more

12.03.2013

Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the more

11.25.2013

Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed Monday. more

11.24.2013

Romanian President Traian Basescu threatened to send the 2014 state budget back to Parliament unless the government drops its proposed hike in fuel excises. more

11.20.2013

Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower than this more

11.18.2013

Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts expected more

11.13.2013

Romanian Minister for Budget Liviu Voinea says 127 major investment projects worth a total of 148 billion lei (EUR33.2 million) will to be included in the state budget for 2014, which will be more

11.12.2013

Romania budget revenue will account for only 32.9% of the gross domestic product in 2014, similar to this year’s level, while budget expenditure is seen down to 35.1% of the GDP. more

11.12.2013

Tax revenues in Romania will increase by 5 billion lei (EUR1.12 billion) next year following tax system changes, which include widening taxable income and the health insurance contribution base and more

11.07.2013

Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 2014 more

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