BUDGET
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Romania Posts RON1.52B Budget Surplus In January-March 2017
Romania's general consolidated budget posted a surplus of RON1.52 billion in January-March, or 0.19% of gross domestic product, finance ministry data showed Tuesday.
The Only Hope For 2017 Strained Budget: Rise In Number Of Employees
The increase in social security tax revenue by 18% March on March fueled by wage raises and a rise in the number of employees shows what the government can use to comply with the budget defi...
Rompetrol Rafinare Expects 14% Higher Turnover, But Threefold Lower Profit In 2017
Romanian oil refining company Rompetrol Rafinare (RRC.RO), which is listed on the main segment of the Bucharest Stock Exchange, targets a 14% year-on-year increase in its gross turnover, to...
Hidroelectrica Shareholders Fail To Approve 2017 Budget; Supervisory Board Appointed For A 4-Month Period
The Romanian Energy Ministry and investment fund Fondul Proprietatea, shareholders of Romania’s state-owned hydropower producer Hidroelectrica, did not approve the company’s budget for 2017,...
Romania Posts RON397.1M Budget Surplus In January-February 2017
Romania's general consolidated budget posted a surplus of RON397.1 million in January-February, or 0.05% of gross domestic product, finance ministry data showed Monday.
Romania Posts RON3B Budget Surplus In January 2017
Romania's general consolidated budget posted a surplus of RON3 billion in January, or 0.37% of gross domestic product, finance ministry data showed Monday.
President Considers Sending 2017 Budget Bill Back to Parliament
Romanian President Klaus Iohannis said Tuesday, after talks with the prime minister and finance minister, he is concerned about the state budget and is considering sending the bill back to P...
Central Bank Governor Says 2017 Budget Is Ambitious
Romanian central bank governor Mugur Isarescu said Tuesday Romania's 2017 state budget, currently undergoing Parliament approval, is ambitious in terms of revenue and optimistic in terms of...
Fiscal Council: 2017 Budget Draft Diverges Substantially From National And European Fiscal Rules
The Fiscal Council said that the state budget draft for 2017, presented by the Finance Ministry, is deliberately and substantially diverging from the national and European fiscal rules signe...