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

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