BUDGET
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Romania Posts Budget Surplus of 0.7% of GDP in 1Q
Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday.
Impact Over The Budget Of VAT Cut At RON18.25B By 2018
The Romanian government estimates the VAT cut to 9% for food products will have an impact over the budget of 18.25 billion lei (EUR4.13 million) by 2018, covered by the additional revenues c...
Biofarm Goes Shopping, Wants To Earmark RON14M For Acquisitions
Romanian drug maker Biofarm Bucuresti (BIO.RO) wants to acquire a pharmaceutical company to gain market share and grow its own business.
OMV Petrom Sees 40% Lower Profit In 2015, Shaves 12% Off Investment Budget
OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was...
Metrorex Sees Higher Expenses With Salaries And Bonuses In 2015
Bucharest subway transport operator Metrorex plans to increase expenses with salaries, bonuses and the contracts of mandate of the management this year, the company said Monday.
Financial Supervisory Authority’s 2014 Revenue Up 18.7% To RON165.9M
Romania’s Financial Supervisory Authority (ASF) on Thursday said it registered revenue of RON165.92 million from its basic activity in 2014, up 18.67% from RON139.82 million a year before.
Romania Posts Budget Surplus Of RON4B In January
Romania’s consolidated budget registered a surplus of 3.95 billion lei (EUR889 million), or 0.56% of the gross domestic product, supported by higher revenue from income and property taxes, a...
Planned Tax Cuts Entail Spending Freeze In 2016, Finance Minister Says
Romanian Finance Minister Darius Valcov on Thursday said the planned tax cuts imply freezing budget spending in 2016 at this year’s level.
State-Run Companies’ Debts Account For Almost Half Of Their Revenue
The debts of state-run companies account for almost half of their revenue and most of the money is owed to the state budget.