11.22.2011

ZF starts a campaign Tuesday to monitor how the 195 billion lei (EUR45 billion) that the government expects to collect for the consolidated budget in 2012, as indicated by the budget bill, will be more

11.21.2011

Romania’s Government will likely approve the 2012 state budget and social security budget on Friday and forward the bills to Parliament for adoption, Finance Minister Gheorghe Ialomitianu said more

11.21.2011

Romania’s ruling coalition leaders decided to amend the emergency ordinance regarding funds allotted to local authorities next year, so city halls and county councils will receive more money. more

11.17.2011

Romania's Government will reduce the state budget's allowance for investments by 1.3-2 billion lei (EUR300-460 million) in 2012 compared with 2011, but hopes to compensate by raising EU fund more

11.16.2011

Romania's Government will reduce the budgets of the ministries of Labor, Agriculture, Education, Environment and Finance, and the Romanian Academy, but will give more money to Health, Transport, more

11.16.2011

The Romanian Health Ministry’s 2012 budget will be set for the entire year and will not be revised, Health Minister Ladislau Ritli said Wednesday. more

11.16.2011

Romania’s ruling coalition leaders decided Wednesday that the draft 2012 state budget will be approved by the Government next week, most likely in a special meeting, people close to the talks told more

11.15.2011

Romanian Prime Minister Emil Boc said the government will revise the state budget next week at the latest, providing more funds to the ministries of Health, Culture and those running investments in more

11.14.2011

Romanian Health Minister Ladislau Ritli said Monday he hopes the ministry will receive 1.2 billion lei (about EUR276 million) at this year’s second budget revision to cover needs in the healthcare more

11.14.2011

The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax collection more

11.12.2011

Romania's investment spending will rise next year by 3.3 billion lei (EUR758 million), to RON38.7 billion, and the share of funds allotted for these projects will be increased from 6.4% to 6.5% of the more

11.12.2011

Romania's 2012 general consolidated budget provides total revenue of 195.3 billion lei (EUR45 billion) and total expenses of RON206.5 billion, therefore a nominal deficit of RON11.2 billion, more

11.12.2011

Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion) next more

11.12.2011

Romania will increase excise duties on diesel fuel by 4.4% on January 1, from EUR358 to EUR374 per ton, according to a government document. more

11.11.2011

Romania's Government will reduce the budgets of half of the country’s ministries next year, including Education, Culture, Agriculture and Justice, as well as the budget of the Parliament, but will more

11.11.2011

Romania's Government expects the average unemployment rate to drop slightly next year, to 4.5% from this year's projected 4.9%, with the number of people out of work to decrease by 35,000, down to more

11.11.2011

Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON113 more

11.11.2011

Romania's draft budget for 2012 states pensions will be frozen in the entire year, with no mention of possible raises in the second half, and will again require a transfer of 13.8 billion lei (EUR3.17 more

11.11.2011

Romania's Government next year will reduce the share of income tax collections provided to local authorities and will cut transfers to local budgets from taxes on pensions, denying mayors a source of more

11.10.2011

Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday. more

11.10.2011

The initial contribution to the Romanian private pension guarantee fund will amount to about EUR500,000 and will be paid by private pension fund administrators and pension providers by May 1, 2012, more

11.09.2011

Lower spending on public sector employees and especially on those in the police and military, along with continued investments in upgrading the state apparatus should be priorities on the agenda of more

11.08.2011

The Government needs to cut the number of public sector employees, continue investments but not in the unprofitable state-owned companies, and ensure transparency of spending by putting people in more

11.03.2011

Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of the GDP in more

11.01.2011

Romanian Prime Minister Emil Boc told employer organizations and labor unions that next year's state budget counts on reduced economic growth, with no "unannounced" tax hikes, but with a more