BUDGET
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Finance Minister Teodorovici Sees 5.5% GDP Growth in 2019. Too Optimistic, Analysts Say
Finance Ministry is delaying publication of the 2019 budget bills, which should have already been debated by the Parliament. On Tuesday night, Finance Minister Eugen Teodorovici provided a f...
Romanian Govt To Draft 2019 Budget on 5.5% GDP Growth
Romania's draft state budget for 2019 will be based on a gross domestic product of RON1,022 billion, a projected economic growth of 5.5% and a deficit below 3% of GDP, finance minister Eugen...
Tax Agency ANAF Under Pressure To Boost Revenue By 15%
The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target.
Tarom's 2018 Budget Grows 21% on Year
State airline Tarom has projected a budget 21% higher this year compared with 2017 and expects revenues to exceed RON1.5 billion, the company said in a statement Friday.
OMV Earmarks EUR10B For Acquisitions, EUR2.5B For Annual Investments Until 2025
Austria's OMV, which owns Romania's oil and gas company OMV Petrom, has an acquisition budget of EUR10 billion until 2025, OMV Chief Executive Officer Rainer Seele said Tuesday.
Transgaz Estimates 25% Rise in Revenue, 58% Drop in Profit in 2018
Romanian natural gas transmission company Transgaz (TGN.RO) expects total revenues of RON2.5 billion in 2018, 25.4% higher on the year, and a net profit of RON213 million, 58.5% lower than i...
Vodafone Romania CTO: We’re Investing Over EUR100M In Network And IT In 2018
Vodafone, the second leading mobile telephony provider in Romania, has earmarked more than EUR100 million for investments network and IT this year, a budget higher than last year’s, which wi...
Oresa Ventures Has EUR10M To EUR20M For New Deal In 2018
Last year was a year of consolidation for the companies in the portfolio of the investment firm Oresa Ventures, which saw a 15% increase in their revenue compared with 2016.
Penny Market Budgets 20-25 New Stores In 2018
German-held discount store chain Penny Market, which has more than 220 stores in Romania, has budgeted 20 to 25 new stores for 2018, the same expansion rate as in 2017, the company said.