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

08.08.2013

Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and increase more

07.30.2013

Romania’s government on Tuesday approved this year’s first budget revision, which states a budget deficit of 2.3% of the gross domestic product in 2013. more

07.30.2013

Romania’s government has revised down this year’s consolidated budget revenues by RON2.2 billion and lowering expenses by RON1 billion, raising the deficit to 2.3% of GDP from 2.1% of GDP. more

07.29.2013

The budget of Romania’s Transport Ministry will be cut by 900 million lei (about EUR204 million) at this year’s first state budget revision, Minister-delegate for Budget Liviu Voinea said Monday. more

07.29.2013

Romania will raise the 2013 deficit target to 2.3% of the gross domestic product at this year’s first budget revision due shortly, Prime Minister Victor Ponta said Monday. more

07.26.2013

Romania’s consolidated budget posted a deficit of 6.62 billion lei (EUR1.5 billion) in the first half of 2013, equal to 1.06% of the gross domestic product, Finance Ministry data showed Friday. more

07.16.2013

Romania’s Government will operate this year’s first budget revision at the end of July and hopes enough funds will be saved to allow the lowering of VAT on bread as of September, Prime Minister more

07.10.2013

Romania’s natural gas transporter Transgaz (TGN.RO) expects net profit of 271.9 million lei (EUR61.3 million) in 2013, down 17.4% from RON329.3 million last year. more

06.28.2013

Romania’s state budget will get EUR478 million on Friday as the mobile phone companies that bought licenses at the radio frequency spectrum auction organized by telecom market regulator ANCOM have more

06.25.2013

Romania’s consolidated budget posted a deficit of 6.56 billion lei (EUR1.46 billion) in the first five months of 2013, equal to 1.05% of the gross domestic product, Finance Ministry data showed more

06.24.2013

Cement producer Carpatcement Holding, part of German group HeidelbergCement, expects a turnover of RON834.8 million this year, up 3.3% from 2012, and a gross profit of RON174.9 million, down 4.9% on more

05.31.2013

Romania's National Investment Company (CNI) planned investments worth 52.6 million lei (EUR12 million) in 2013, more than five times lower than the amount allotted last year, of RON274.3 million. more

05.31.2013

The Bucharest National Airport Company (CNAB) planed investments worth 376.9 million lei (EUR86 million) in 2013, up 40% on the year, and expects three times lower gross profit, of RON22.6 million. more

05.30.2013

Romanian state-owned postal company Posta Romana amassed losses of 532.9 million lei (EUR123 million) between 2009 and 2012, while it expected profit in each of the four years, according to data more