06.02.2022

British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity more

05.25.2022

Romania’s general consolidated budget posted RON16.33 billion deficit in the first four months of 2022, lower than the RON20.70 billion level reported in the year-ago period, in line with finance more

05.11.2022

Tobacco company Philip Morris International (PMI) on Wednesday said the sales of Philip Morris products on the Romanian market generated RON1.9 billion in excise taxes and RON0.6 billion in more

04.27.2022

Romania’s general consolidated budget increased by 7% to RON15.7 billion in the first three months of 2022 compared with the year-ago period, the Finance Ministry announced on Wednesday. more

04.13.2022

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and more

04.11.2022

Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interiors, construction and flooring Egger, has budgeted an investment program of about EUR15 million for this more

04.11.2022

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04.05.2022

MedLife group expects turnover to top RON1.6 billion in 2022, up 13.7% from the previous year, in line with the budget published by the healthcare operator for this year. more

03.31.2022

Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate RON2.1 billion net profit this year, 18% above the 2021 gain, as it projects rising revenues more

03.25.2022

Romania’s general consolidated budget posted almost RON9.51 billion deficit in the first two months of 2022, 25% lower than the RON12.76 billion in the year-ago period, the Finance Ministry more

03.18.2022

DIGI Group, through the operations of telecommunications company RCS & RDS S.A. and of all its entities operating in Romania, paid RON172 million in taxes and duties to the Romanian state budget in more

01.28.2022

Romania's general consolidated budget posted a deficit of almost RON80 billion in 2021, or 6.72% of the gross domestic product (GDP), versus 7.1% as projected at the last budget revision in 2021, more

01.18.2022

Turda-based precast concrete product maker ASA CONS, the builder of the MDF plant of Oarja, near Pitesti, a EUR150 million project of Turkey’s Yildiz Entegre, expects EUR21-22 million turnover in more

12.27.2021

Romania's general consolidated budget posted a deficit of RON55.98 billion in January-November 2021, or 4.70% of the gross domestic product (GDP), lower than RON84 billion, or 7.94% of GDP, in the more

12.17.2021

Romania’s 2022 state budget was built on a cash budget deficit target estimated at 5.8% of gross domestic product (GDP) and an ESA (European System of Accounts) deficit estimated at 6.2% of GDP, per more

11.25.2021

Romania's general consolidated budget posted a deficit of RON47.98 billion in January-October 2021, or 4.03% of the gross domestic product (GDP), lower than RON74.04 billion, or 7.01% of GDP, in the more

11.15.2021

Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the more

10.26.2021

Romania's general consolidated budget posted a deficit of RON44.29 billion in January-September 2021, or 3.77% of the gross domestic product, lower than RON67.27 billion, or 6.37% of GDP, in the first more

10.21.2021

Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period. more

09.08.2021

International rating agency Fitch has warned the collapse of Romania’s coalition government could disrupt fiscal consolidation efforts, which are key to resolving the Negative Outlook on Romania’s more

08.26.2021

Romania's general consolidated budget posted a deficit of RON33.97 billion in January-July 2021, or 2.89% of the gross domestic product, lower than RON49.68 billion, or 4.71% of GDP, in the first more

07.30.2021

Romania’s general consolidated budget posted RON19.17 billion or 1.68% of GDP deficit in the second quarter of 2021, RON10.74 billion lower than the RON29.91 billion or 2.08% of GDP forecast. more

07.27.2021

Romania's general consolidated budget posted a deficit of RON33.81 billion in January-June 2021, or 2.96% of the gross domestic product, lower than RON45.17 billion, or 4.28% of GDP, in the first six more

06.28.2021

Romania's general consolidated budget posted a deficit of RON26.18 billion in January-May, or 2.29% of the gross domestic product, lower compared with RON38.84 billion, or 3.68% of GDP, in the same more

06.02.2021

Prime Minister Florin Citu said Wednesday that Romania’s consolidated budget deficit returning below the European Union’s 3% ceiling in 2024 was accepted as principal strategy by the European more