01.29.2014

Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2.5% of more

01.22.2014

Bucharest subway operator Metorex estimates gross loss of 123.19 million lei (EUR27.19 million) in 2014, revenues of RON654.4 million and expenses of RON777.6 million. more

01.07.2014

Romania posted a budget deficit of 2.5% of the gross domestic product in 2013, while the economic growth was slightly higher than estimated, Prime Minister Victor Ponta said Monday evening. more

12.20.2013

The institutions in charge of pensions, health insurance and highways, which have total budgets of over EUR17 billion, are run by three executives who have been politically appointed by ruling more

12.18.2013

Romanian Prime Minister Victor Ponta Wednesday said the planned increase in fuel excises by EUR0.07/liter, starting January 1, 2014, will be delayed for three months, until March 31, 2014. more

12.11.2013

Romania’s Transport Ministry expects privatization revenues of 11.4 million lei (EUR2.56 million) in 2014 from the sale of minority stakes in the companies it controls, according to the ministry’s more

12.09.2013

Romanian President Traian Basescu told a news conference Monday he signed the 2014 social security budget into law. more

12.09.2013

The Romanian Government is preparing a set of measures aimed at restarting consumption for the beginning of next year. The measures will not affect budget resources, Budget Minister Liviu Voinea said more

12.09.2013

Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of more

12.06.2013

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) targets turnover of 215 million lei (EUR48.1 million) in 2014, slightly up from RON210 million estimated in the company’s more

12.04.2013

Romania’s Parliament Wednesday adopted the draft laws on the state budget and social security budget for 2014. more

12.03.2013

Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the more

11.25.2013

Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed Monday. more

11.24.2013

Romanian President Traian Basescu threatened to send the 2014 state budget back to Parliament unless the government drops its proposed hike in fuel excises. more

11.20.2013

Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower than this more

11.18.2013

Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts expected more

11.13.2013

Romanian Minister for Budget Liviu Voinea says 127 major investment projects worth a total of 148 billion lei (EUR33.2 million) will to be included in the state budget for 2014, which will be more

11.12.2013

Romania budget revenue will account for only 32.9% of the gross domestic product in 2014, similar to this year’s level, while budget expenditure is seen down to 35.1% of the GDP. more

11.12.2013

Tax revenues in Romania will increase by 5 billion lei (EUR1.12 billion) next year following tax system changes, which include widening taxable income and the health insurance contribution base and more

11.07.2013

Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 2014 more

11.07.2013

Romania’s government estimates total revenues to the general consolidated budget will reach 201.9 billion lei (EUR45.5 billion) in 2014, down from RON205.8 billion expected this year, according to more

11.07.2013

Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, more

11.06.2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

11.04.2013

Romania’s state revenue collections amounted to 17.09 billion lei (EUR3.85 billion) in October, up 7.38% compared with the similar interval a year ago and 2.66% higher than expected, tax authority more

11.04.2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more