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

10.23.2012

Romania’s Chamber of Deputies on Tuesday rejected a simple motion on the state budget submitted recently by the opposition Democratic Liberal Party. more

10.19.2012

The Romanian Government decided to set up a Council to decide the country’s stance during the European Union’s negotiations on the 2014-2020 budget, according to a decision recently approved. more

10.19.2012

Romania’s Government will cut the budgets of several ministries, as well as of the Senate, the High Council of Magistrates, the High Court of Justice and the public television and radio. more

10.19.2012

Romania’s Government expects revenues to the state budget to decrease by more than 1 billion lei (EUR218 million) and the country’s gross domestic product to grow only by around 1% in 2012, more

10.16.2012

The shareholders of Romanian realty developer Impact Developer&Contractor (IMP.RO) approved the company’s revised budget for 2012, which states record losses of 35.6 million lei (EUR7.8 million), of more

10.15.2012

Romania’s Government will allot extra money to local authorities to pay arrears and will increase funds for hospitals and people with disabilities, the Finance Ministry said in a press release more

10.15.2012

Romania’s tax authority ANAF collected 123.32 billion lei (EUR27.4 billion) to the state budget in the first nine months, up 7.6% in nominal terms from the same period a year ago, the authority said more

10.12.2012

Romania’s Agriculture Ministry will borrow 1.4 billion lei (EUR306 million) from the Treasury for direct area payments to farmers, according to a draft decision drawn up by the ministry. more

10.09.2012

Romania's Government will carry out a new budget revision in October, Minister-delegate for Social Dialog Liviu Pop announced Tuesday. more

10.08.2012

The Romanian opposition Democratic Liberal Party (PDL) will submit a simple motion on the state budget in the Chamber of Deputies Tuesday, democrat liberal Cezar Preda said Monday. more

10.05.2012

The Romanian Government will start making payments for refund requests within the Sector Operational Program for Human Resource Development (POSDRU) next week and the money will come from the state more

09.28.2012

The Romanian Government process on drafting the budget for 2014 to 2020 is not suitable, lacks vision and strategy, failing to take into consideration the European Commission’s recommendations, more