09.09.2011

Romania's Transport Ministry will ask the Government to raise the national road company's investment budget by 26%, to 7.59 billion lei (EUR1.78 billion), mainly for the Transylvania and more

08.25.2011

Romania’s consolidated budget posted a deficit of 11.4 billion lei (EUR2.68 billion) in July, equal to 2.09% of the gross domestic product, roughly the same as in June, Finance Ministry data showed more

08.24.2011

Romanian Prime Minister Emil Boc on Wednesday asked the ministries not included in the 2012-2014 fiscal strategy to present their own expense estimates for 2012, which will be used in drafting the more

08.16.2011

The strategic interest of Austria’s Erste Group in Romania allowed the government to get financing at good rates, says Manfred Wimmer, chief financial officer of Austrian group that controls BCR, more

08.12.2011

The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel expense more

08.11.2011

Romania’s 2012 budget deficit target of 3% of the gross domestic product will be “very difficult to achieve”, particularly since the fiscal strategy doesn’t factor in the situation of more

08.10.2011

Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority ANAF more

08.09.2011

The Romanian Transport Ministry will revise its privatization budget this year and expects it will obtain revenues of 52.5 million lei (about EUR12.3 million), mainly from dividends, triple compared more

08.07.2011

The Romanian Government will deterimine by September the sum to be paid next year to public sector employees who won salary rights in court, and will set a payment schedule for the coming years, so more

08.05.2011

Romania’s former Health Minister Attila Cseke, who resigned Thursday over a budget dispute, said the situation of the country’s healthcare system is even more serious than in the previous years, more

08.05.2011

Romania plans to spend EUR1 million in three years to promote local fresh fruit and vegetables under a program that is pending the European Commission’s approval, the Agriculture Ministry said more

08.04.2011

Romania’s Government on Wednesday approved this year’s first budget revision, raising the budgets of several ministries to finance investments and eliminate debts incurred by state companies, more

08.03.2011

Romania’s Fiscal Council Wednesday said the budget revision draft proposed by the Finance Ministry breaks the fiscal responsibility law because the additional money to be allocated at the revision more

08.02.2011

Romania will assign 300 million lei (about EUR71 million) to healthcare at this year’s budget revision, will save RON150 million in the reserve fund for hospitals and will supplement loans by over more

08.01.2011

Romania's Finance Ministry will lend the EU fund management authorities up to 2.2 billion lei (EUR520.7 million), over the year, from privatization earnings, to stimulate absorption, according to the more

08.01.2011

Romania's Government will increase the budgets of the intelligence services and Interior, Defense and Justice ministries by almost 724 million lei (over EUR170 million), for personnel expenses, more

08.01.2011

Romania's government will increase the budgets of several ministries, in order to finance investments and eliminate debts incurred by state enterprises, but will give less resources to the Ministry of more

07.29.2011

Romania's Government will conduct this year's first budget adjustment in early August, with priority granted to allotting additional resources for investment programs, especially those run by the more

07.25.2011

Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday. more

07.21.2011

Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime more

07.17.2011

Romania's Government will revise the 2011 budget in the first half of August, after the second International Monetary Fund review of a precautionary agreement signed in March, people close to the more

07.12.2011

Prime Minister Emil Boc said Romania’s economy is expected to grow by 1.5% to 2% this year, and by 3.5%-4% next year. more

07.05.2011

Romania’s contribution to the 2011 budget of the European Union will be reduced by EUR46.3 million, to EUR919 million, as the European Parliament voted to distribute the surplus in the last year's more

06.28.2011

May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 million), more

06.27.2011

Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next year's more