BUDGET
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Romania's 2016 Budget Drafted on 2.95% ESA Deficit, 4.1% Economic Growth
Romania's state budget for 2016, drafted by the country's former government, is built on an ESA deficit of 2.95% of gross domestic product and a cash deficit of 2.8% of GDP, and considers ec...
Romgaz Revises 2015 Profit Estimate Down by One Third, to RON1B
Romania’s largest natural gas producer Romgaz (SNG.RO) has revised its estimated profit for this year to RON1 billion from RON1.5 billion expected according to the company budget approved in...
Romania Posts Budget Surplus of 0.87% of GDP In Jan-Sept
Romania's consolidated budget posted a surplus of 6.1 billion lei (EUR1.37 billion), or 0.87% of the gross domestic product, in January-September, from a surplus of RON400 million in the sam...
Why The EUR6B Healthcare Budget Does Not Reach Patients
Romania had about EUR6 billion available for healthcare this year, a budget wasted, considering too many actors get to decide how to spend it – the Health Ministry, the National Health Insur...
Romania Posts Budget Surplus of 1.06% of GDP in Jan-July
Romania’s consolidated budget posted a surplus of 7.41 billion lei (EUR1.67 billion) in January-July, from a deficit of RON1 billion in the same period last year, Finance Ministry data showe...
Cupru Min Estimates Declining Profit This Year, To RON1.5M
Romanian state-run copper producer Cupru Min estimates its net profit will be more than three times lower thsi year, at RON1.56 million, and expects revenues of RON144 million, 5% lower comp...
FinMin: Romania Will Keep Budget Deficit Below 3% Of GDP In 2016 After Tax Cuts
Romania’s budget deficit will be higher than the target agreed with the international financial institutions next year, but still below the cap of 3% of the gross domestic product allowed by...
Romania Budget Surplus Rises In April
Romania’s consolidated budget posted surplus of 5.96 billion lei (EUR1.35 billion) in the first four months of the year, compared with a RON1.88 billion deficit in the same period of 2014, F...
Antibiotice To Pay Dividends of RON15.7M
Shareholders of Romanian pharmaceutical producer Antibiotice Iasi (ATB.RO) Thursday approved the payment of dividends worth 15.74 million lei (EUR3.5 million), or half of last year’s profit,...