09.13.2017

The Energy Ministry and investment fund Fondul Proprietatea, the two shareholders of state-run hydropower generator Hidroelectrica, on Wednesday approved the payment of RON655 million worth of more

09.04.2017

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01.13.2017

The Romanian tax authority ANAF collected revenues of RON199.4 billion in 2016, up by RON2.6 billion compared with 2015 and RON3.52 billion (1.8%) higher than the planned amount, the institution said more

08.02.2016

Romania's state-owned postal operator Posta Romana contributed EUR163 million to the state budget in 2014 and 2015, as profit tax, VAT for commercial contracts, and taxes to the state budget and the more

12.18.2015

Romanian President Klaus Iohannis on Friday signed off the state budget and social insurance bills into laws, according to the presidential administration. more

12.16.2015

Romanian lawmakers on Wednesday approved the 2016 state budget plan with 309 votes in favor and 13 against. more

12.05.2015

Romania's 2016 state budget draft considers a deficit of 2.8% of gross domestic product, within the EU limit of 3%, to accommodate tax cuts and wage raises passed by the previous government. more

11.26.2015

The debts of Romanian companies to the state budget continued the downward trend and fell to RON47.9 billion in January-September, with the biggest debts registered by a company in KMG International more

07.31.2015

The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more

11.27.2014

The Romanian Government has drawn up a list of 115 public investment projects which are a priority for the 2015 state budget and entail total funds of over RON63 billion in upcoming years. more

10.07.2014

The 9% decrease of the local beer market in the first six months of the year triggered losses worth 60 million lei (EUR13.6 million) to the state budget, Romanian Brewers Association announced more

06.16.2014

The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in the social more

04.02.2014

Romania’s 20 priority investments for this year have a total budget of around EUR1.1 billion, but only four of these refer to new projects set to receive around EUR160 million in 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

11.01.2013

Romanian state companies will continue to contribute 85% of their profit to the state budget in 2014, Minister-delegate for Energy Constantin Nita said Friday. more

10.24.2013

Businesspeople in Romania have started to draft next year’s budgets for their companies, but they cannot use the country’s 2014 draft budget as reference point because the latter will be finalized 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

06.05.2012

Romania’s public ambulance service might be financed from the state budget, through the Health Ministry, instead with funds from the National Health Insurance House (CNAS), Health Minister Vasile more

04.30.2012

In 10 days, new ministers will come to the Victoria Palace - the headquarters of the Romanian government, but Romania’s economic parameters remain the same: budget revenues were at an all-time low more

01.29.2012

Romania is securing credit lines at the World Bank, the European Union, and “wherever” to have a fallback in case things take a turn for the worst in the eurozone, President Traian Basescu told a more

01.19.2012

Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved more

11.21.2011

Romania’s Government will likely approve the 2012 state budget and social security budget on Friday and forward the bills to Parliament for adoption, Finance Minister Gheorghe Ialomitianu said more

11.12.2011

Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion) next more

10.18.2011

Romania could slip back into recession anytime next year, Prime Minister Emil Boc said Tuesday, adding the Government needs to continue its restructuring measures and prioritize investments. more

10.17.2011

The state budget, the most important act of a fiscal year, has not been completed within the legally allotted deadline, October 15, and will reach the Parliament late, again. As a result of this, Boc more