03.15.2013

Romanian drug maker Biofarm (BIO.RO) Friday said it forecasts 10% higher sales in 2012, to 115.1 million lei (EUR26.2 million), from RON105 million a year before. more

03.15.2013

President Traian Basescu said Friday, at the end of the European Council meeting, that upcoming talks in the European Parliament (EP) as regards making European funds more flexible will allow Romanian more

03.15.2013

Bucharest subway operator Metrorex allotted 299.7 million lei (EUR68.1 million) for investments this year, down from RON779 million in 2012, and estimates losses of RON24.8 million, according to its more

03.14.2013

Romania would be exposed to increased financial risks and would pay higher interests if it were to cut short its EUR5 billion loan agreement with the International Monetary Fund and the EU, Budget more

03.13.2013

The ten biggest debtors to Romania’s general consolidated budget, seven of which are state-run companies, had overdue payments of 14.5 billion lei (around EUR3.3 billion) in taxes and contributions more

02.27.2013

The split of the National Highways and Roads Company in Romania (CNADNR) into two entities brings up the way in which the money that the institution gets every year will be distributed. The company more

02.25.2013

Romania’s consolidated budget posted a surplus of 1 billion lei (EUR228 million) in January, equal to 0.17% of the gross domestic product, Finance Ministry data showed Monday. more

02.21.2013

Romania President Traian Basescu on Thursday passed the laws regulating the state budget and the social security budget for 2013. more

02.13.2013

Romania’s Constitutional Court on Wednesday unanimously ruled the 2013 state budget law as constitutional. more

02.08.2013

Romania will get European Union financing of EUR39.887 billion during 2014-2020, up 18% compared with the budget for 2007-2013, president Traian Basescu said Friday in Brussels. more

02.01.2013

Romanian budget-finance parliamentary commissions adopted on Friday the state budget draft law, with amendments, as well as the state social insurance budget on 2013, without amendments. more

01.28.2013

The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary Fund, more

01.25.2013

Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday. more

01.24.2013

The revised fiscal-budgetary strategy for 2013-2015 can be considered a new governing program of the Ponta 2 Government and one closer to reality. Future policies will most likely be built around more

01.24.2013

Romania can raise EUR9 billion to the budget if it sells the 300,000 hectares of arable land currently administered by the Agency For State Domains, according to one of the largest investors in more

01.23.2013

Romania’s Parliament will debate the draft laws on the state budget and social security budget for 2013 on February 5, Chamber of Deputies Speaker Valeriu Zgonea said Wednesday. more

01.23.2013

Romania’s Government on Wednesday approved the draft state budget for 2013, which will be sent to the Parliament for debates and a final vote, said people close to the matter. more

01.22.2013

Romanian authorities’ enthusiasm regarding the economic growth has been tempered by discussions with the experts from the International Monetary Fund, the European Commission and the World Bank, more

01.21.2013

Romania’s Transport Ministry will have a budget of 7.29 billion lei (EUR1.67 billion) in 2013, up 40% from RON5.18 billion in 2012, according to the draft state budget for 2013. more

01.21.2013

Romania will increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages and the sum collected is estimated at 3.05 billion lei (EUR701 more

01.16.2013

The budget of Romania’s largest bank BCR in 2013, which is set to be approved by the General Shareholders’ Meeting on January 23rd, provides for a profit at the end of the year, although the more

01.14.2013

Liviu Voinea, minister-delegate for the state budget, said in an interview for Ziarul Financiar, that the Ponta Government inventoried state assets, both in public institutions and state-run more

01.10.2013

Romania’s draft state budget for 2013 takes into account a gross domestic product of about EUR140 billion and an exchange rate of 4.5 lei to the euro. more

12.22.2012

Romania’s new Cabinet, which received the Parliament’s endorsement Friday evening, convened Saturday morning to approve its organization chart and discuss its immediate priorities. more

12.21.2012

Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finance more