11.18.2015

Romania's state budget for 2016, drafted by the country's former government, is built on an ESA deficit of 2.95% of gross domestic product and a cash deficit of 2.8% of GDP, and considers economic more

11.16.2015

Romania’s largest natural gas producer Romgaz (SNG.RO) has revised its estimated profit for this year to RON1 billion from RON1.5 billion expected according to the company budget approved in June. more

10.27.2015

Romania's consolidated budget posted a surplus of 6.1 billion lei (EUR1.37 billion), or 0.87% of the gross domestic product, in January-September, from a surplus of RON400 million in the same period more

10.23.2015

Romania's government on Friday approved this year's second budget revision, cutting funding for infrastructure and raising the health care budget to cover wage hikes, while keeping the deficit target more

10.22.2015

The ministries of Agriculture, Regional Development, EU Funds and Finance will receive the bulk of funds at this year’s second budget revision to be operated Friday, in government’s special more

09.28.2015

Romania's consolidated budget posted a surplus of 6.46 billion lei (EUR1.46 billion) in January-August, from a deficit of RON1.6 billion in the same period last year, finance ministry data showed. more

09.22.2015

Romania had about EUR6 billion available for healthcare this year, a budget wasted, considering too many actors get to decide how to spend it – the Health Ministry, the National Health Insurance more

08.26.2015

Romania’s consolidated budget posted a surplus of 7.41 billion lei (EUR1.67 billion) in January-July, from a deficit of RON1 billion in the same period last year, Finance Ministry data showed more

07.31.2015

The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more

07.28.2015

Romania's government approved this year's first budget revision Tuesday, as proposed by the Finance Ministry. more

07.22.2015

A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to zero, more

07.22.2015

Romania’s Prime Minister Victor Ponta on Wednesday said the Government will approve this year’s first budget revision next Tuesday, July 28. more

07.07.2015

Finance Minister Eugen Teodorovici said Tuesday that the Romanian government plans to keep the budget deficit at around 1.2% of the GDP in 2016, as agreed with the international financial more

06.30.2015

Romanian state-run copper producer Cupru Min estimates its net profit will be more than three times lower thsi year, at RON1.56 million, and expects revenues of RON144 million, 5% lower compared to more

06.24.2015

Romania’s budget deficit will be higher than the target agreed with the international financial institutions next year, but still below the cap of 3% of the gross domestic product allowed by the more

05.26.2015

Romania’s consolidated budget posted surplus of 5.96 billion lei (EUR1.35 billion) in the first four months of the year, compared with a RON1.88 billion deficit in the same period of 2014, Finance more

05.05.2015

Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministry state more

05.05.2015

The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring forecast more

04.30.2015

Shareholders of Romanian pharmaceutical producer Antibiotice Iasi (ATB.RO) Thursday approved the payment of dividends worth 15.74 million lei (EUR3.5 million), or half of last year’s profit, the more

04.28.2015

Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday. more

04.21.2015

Romania posted last year the third lowest government deficit in the European Union, of 1.5% of GDP, after Lithuania and Latvia, according to Eurostat data released Tuesday. more

04.08.2015

The Romanian government estimates the VAT cut to 9% for food products will have an impact over the budget of 18.25 billion lei (EUR4.13 million) by 2018, covered by the additional revenues collected more

04.07.2015

Romanian drug maker Biofarm Bucuresti (BIO.RO) wants to acquire a pharmaceutical company to gain market share and grow its own business. more

04.06.2015

OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was down 60% more

03.23.2015

Bucharest subway transport operator Metrorex plans to increase expenses with salaries, bonuses and the contracts of mandate of the management this year, the company said Monday. more