01.14.2015

This year's government-guaranteed mortgage lending First Home program will have a maximum guarantee budget of RON2.5 billion plus funds left unused last year, the government decided Wednesday. more

12.29.2014

Romania’s consolidated budget turned to a deficit of 0.04% of the gross domestic product after the first 11 months, from a surplus of almost 0.3% of GDP at the end of October, Finance Ministry data more

12.29.2014

Romanian President Klaus Iohannis signed the 2015 state and social security budget bill into law Monday, the president's office said in a statement. more

12.29.2014

Romania's Constitutional Court sustained the 2015 state budget law Monday, rejecting the Liberal Party's objections. more

12.19.2014

Romania’s Fiscal Council says the fiscal revenue is overestimated by 2.35 billion lei (), or 0.33% of the gross domestic product, in the 2015 budget draft, while the investment expenditure won’t more

12.15.2014

The transport sector got 6.3 billion lei (EUR1.4 billion) this year, but just RON4.65 billion (EUR1 billion) were spent. For 2015, the RON6.1 billion (EUR1.4 billion) budget is 30% higher on paper, more

12.12.2014

The Fiscal Council representatives estimate that the increase of certain categories of revenue in the 2015 draft budget are overvalued, while other expenses are underestimated, and that doubling of more

12.11.2014

The Ministries of Labor, Development, Finance, European Funds, Agriculture, Environment, Transport, Economy will receive extra funds in 2015, while the Ministries of Health, Culture and Interior will more

12.11.2014

Romania’s consolidated budget revenues are estimated for 2015 at 226.36 billion lei (EUR51.5 billion), or 31.9% of the gross domestic product, according to the budget draft published by the Finance more

12.09.2014

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit to more

12.05.2014

The International Monetary Fund and the European Commission asked the Romanian government to bring next year the budget deficit to 0.9% of the gross domestic product, but the local authorities are more

12.03.2014

Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees. more

12.03.2014

Romanian Prime Minister Victor Ponta on Wednesday stated he would never understand the opinion of the Fiscal Council regarding this year’s third budget revision, adding that the International more

12.03.2014

The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certain salary more

11.27.2014

The Romanian Government has drawn up a list of 115 public investment projects which are a priority for the 2015 state budget and entail total funds of over RON63 billion in upcoming years. more

11.24.2014

Romania’s Minster-delegate for the budget Darius Valcov on Monday said the draft state budget for 2015 will be completed by Friday, subsequently discussed with officials of the European Commission more

11.20.2014

Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut Dumitru, more

11.19.2014

A joint delegation of the International Monetary Fund and the European Commission will visit Romania at the start of December to discuss with the local authorities the draft of the country’s budget more

11.18.2014

Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will more

11.04.2014

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following more

10.27.2014

Romania’s government budget turned to surplus at the end of September, as spending took a dive in the first nine months, mainly due to lower allocations for public investments. more

10.21.2014

The guarantee budget for the government-backed mortgage lending First Home program has been raised by an additional RON400 million. more

10.20.2014

The revised budget of revenue and expenses for 2014 of Romanian freight railway carrier CFR Marfa envisages revenue of RON1.117 billion and expenses of RON1.093 billion, higher by RON58 million, due more

10.07.2014

The 9% decrease of the local beer market in the first six months of the year triggered losses worth 60 million lei (EUR13.6 million) to the state budget, Romanian Brewers Association announced more

10.03.2014

The Romanian tax authority ANAF collected revenues of 135.98 billion lei (EUR30.8 billion) in the first nine months, 0.5% above the planned amount, the institution said in a news release Friday. more