09.30.2014

Local authorities were assigned an extra RON1.1 billion at this year's second budget revision and the Ministry of Public Administration and Regional Development got and extra RON400 million for more

09.30.2014

Romania's Fiscal Council on Tuesday said the government’s revised estimate for VAT collections is unrealistic, considering collections in July and August, adding the more cautious approach would more

09.28.2014

The Ministries of Labor, Public Administration, Defense, Justice, Interior and Foreign Affairs will get extra money at the second budget revision, while funds will be cut from Health, Agriculture, more

09.26.2014

A lower sales tax in the meat industry is a priority, after Romania lowered the VAT rate on beard to 9% from 24%, but the decision will belong to the future cabinet, after the presidential election in more

09.25.2014

Romania’s government deficit slightly rose to 0.24% of the gross domestic product after the first eight months, from 0.2% of GDP at the end of July, as budget spending continued its downward trend. more

09.22.2014

Romanian Prime Minister Victor Ponta stated that this year’s second budget revision will be operated next week, adding that the budget revision will be positive. more

09.16.2014

Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according to data more

08.29.2014

Romania's government will redistribute funding left unused from the RON500 million guarantee budget for housing built by the National Housing Agency (ANL) under the "First Home" mortgage lending more

08.27.2014

Romanian state-owned airline Tarom expects a loss of RON116.8 million this year, from a loss of RON130.1 million in 2013, according to the company budget the government approved Tuesday. more

08.27.2014

Social democrat senator Darius Valcov has been appointed minister-delegate for the budget. more

08.26.2014

Romania’s government deficit narrowed to 0.2% of the gross domestic product after the first seven months, from 0.5% of GDP at the end of June, as budget spending went down. more

08.12.2014

While people and investors keep complaining about the lack of road infrastructure, Romania’s national company in charge of highways and national roads CNADNR spent only 40% of the money it should more

07.31.2014

Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax rate, more

07.29.2014

Romania’s minister delegate for Budget Liviu Voinea said the expenses budgeted for the programs financed from European Union funds reached less than half the target set for the first half of 2014, more

07.29.2014

The Ministries of Health, Defense, Economy, Education, Transport, Labor, Culture And Interior will get extra money at the upcoming budget revision, while funds will be cut from the Finance and more

07.29.2014

The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total revenue of more

06.25.2014

The Bucharest National Airport Company expects revenues of 676.8 million lei (EUR154 million) in 2014, up 1% from RON668.6 million forecasted for 2013, and gross profit of RON32.8 million, higher by more

06.19.2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has allotted a budget of 666 million lei (EUR151.5 million) for its exploration program in 2014, general manager Virgil Metea said more

06.18.2014

The Romanian Government on Wednesday approved the 2014 budget of Bucharest subway operator Metrorex, which envisages loss of over 66.5 million lei (EUR15.1 million) this year. more

06.16.2014

The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in the social more

05.29.2014

The tax on special constructions might bring over EUR500,000 million to the state budget in 2014, up to 5-fold higher compared with authorities’ estimations, money taken out of the economy, lawyer more

05.28.2014

The macroeconomic indicators may have been good news, as the economic growth was beyond expectations in the first quarter of 2014, but budget revenue did not follow the same trend, merely rising by more

05.27.2014

Romania’s consolidated budget posted a deficit of nearly RON2 billion, or 0.28% of gross domestic product, in January-April 2014, from 0.14% of GDP end-March and 1.19% of GDP in January-April 2013. more

05.21.2014

Budget Minister Liviu Voinea says Romania’s accession to the euro zone, which the government scheduled for January 1, 2019, will give the country a seat at Europe’s major powers’ table, where more

05.14.2014

Romania’s economy has likely expanded 3.5% in the first quarter, fueled by industry and domestic consumption, minister delegate for Budget Liviu Voinea said Wednesday. more