12.19.2012

The Romanian Government envisages an economic growth forecast of around 2% of the gross domestic product GDP in 2013, Premier Victor Ponta said Wednesday. more

12.18.2012

Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, has revised downward this year’s turnover to $582 million, 8.9% lower compared to turnover of $639.5 million more

12.13.2012

Romania’s consolidated budget deficit widened to 1.8% of the gross domestic product at the end of November, from a gap of 1.19% of GDP a month earlier, government sources said Wednesday. more

12.13.2012

Romania will increase staff expenses by 1.8 billion lei (EUR0.4 billion) next year to restore public wages, after they were cut by 25% in 2010, while capital expenses will be reduced by RON1.2 more

12.13.2012

Romanian plane construction and repair firm Aerostar Bacau (ARS.RO) estimates its turnover will rise 27% to 210 million lei (EUR46.3 million) in 2013, compared to an estimated turnover of RON165 more

12.12.2012

Romania’s monetary and commodities exchange SIBEX has amended its 2012 revenue and expenditure budget to accommodate higher-than-expected spending, according to a shareholder decision. more

12.12.2012

Romania’s Government will postpone until January 1, 2014 the application of a measure whereby allocations to education will increase to at least 6% of the gross domestic product. more

12.12.2012

Staff spending will be capped next year in all state institutions, except in education and healthcare, Prime Minister Victor Ponta said Wednesday. more

11.29.2012

Romania’s Government wants to extend by a month the deadline by which the annual state budget must be sent to the Parliament for approval. more

11.26.2012

Romania’s consolidated budget posted a deficit of 7.2 billion lei (EUR1.58 billion) in the first ten months, equal to 1.19% of the gross domestic product, Finance Ministry data showed Monday. more

11.22.2012

Romania might get a 50% increase of the funds allotted through the Common Agricultural Policy (CAP) in the future EU financial framework (2014-2020), European sources told Mediafax Thursday. more

11.20.2012

Romania’s Parliament on Tuesday adopted a resolution whereby President Traian Basescu ought to support the propositions put forward by the European Commission and the European Parliament regarding more

11.20.2012

Romania’s draft state budget for 2013 states the sum needed to increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages, Ileana more

11.18.2012

Romania’s Health Minister Rael Arafat said Sunday in an interview for PRO TV that the 2013 budget for the healthcare sector will probably be the same as this year’s budget, which is way below the more

11.08.2012

Romania’s monetary and commodities exchange Sibex estimates a net loss of 1.6 million lei (EUR0.35 million) for 2012, from RON596,000 in 2011, reversing initial estimations. more

11.07.2012

Romania’s consolidated budget posted a deficit of 1.2% of the gross domestic product at the end of October, modestly wider from a gap of 1.18% a month earlier, Prime Minister Victor Ponta said more

11.07.2012

The roads authority has had over EUR4.1 billion available between 2007 and 2012 for building highways and a further EUR3.6 billion to rehabilitate national roads. During the same period, Romania’s more

11.04.2012

Romania’s state budget for 2013 could be approved by year-end, following a tight calendar, unless political obstacles occur, Prime Minister Victor Ponta said Saturday. more

10.29.2012

The Romanian Senate approved Monday its own budget draft for 2013, which envisages expenditures of over 107,000 thousands lei, as well as the acquisition of over 150 vehicles for the members of more

10.29.2012

The budget allotted for energy efficiency projects in the European Union’s next budget planning period 2014-2020 stands at 10% of the value of structural funds and it might reach EUR2 billion, more

10.28.2012

Romania’s Health Ministry has been allotted extra 150 million lei (EUR33 million) at this year’s second budget revision and expects to collect some RON350-400 million from the clawback tax. more

10.25.2012

Romania’s Government will meet Saturday to approve this year’s second budget revision. more

10.25.2012

Romania’s consolidated budget posted a deficit of 7.17 billion lei (EUR1.57 billion) in the first nine months, equal to 1.18% of the gross domestic product, Finance Ministry data showed Thursday. more

10.24.2012

Romanian Prime Minister Victor Ponta said Wednesday the Cabinet will assemble in a special meting Friday to approve this year's second budget revision. more

10.23.2012

Romania’s Government harms the credibility of the fiscal responsibility law by further increasing budget expenses, according to the Fiscal Council. more