BUDGET
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Romanian State-Owned Airline Tarom Expects RON117M Loss This Year
Romanian state-owned airline Tarom expects a loss of RON116.8 million this year, from a loss of RON130.1 million in 2013, according to the company budget the government approved Tuesday.
Romania Appoints New Minister-Delegate In Charge Of State Budget
Social democrat senator Darius Valcov has been appointed minister-delegate for the budget.
Romania’s Budget Deficit Down To 0.2% Of GDP In July
Romania’s government deficit narrowed to 0.2% of the gross domestic product after the first seven months, from 0.5% of GDP at the end of June, as budget spending went down.
Romania's Road Company Spent Only 40% Of Its Budget In 1H
While people and investors keep complaining about the lack of road infrastructure, Romania’s national company in charge of highways and national roads CNADNR spent only 40% of the money it s...
Voinea: Expenses Budgeted For EU-Funded Programs Reach Less Than Half The 1H Target
Romania’s minister delegate for Budget Liviu Voinea said the expenses budgeted for the programs financed from European Union funds reached less than half the target set for the first half of...
Budget Revenue Share Of GDP Down To Four-Year Low
The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total...
Bucharest Airport Company Expects 1% Higher Revenue In 2014, To RON676.8M
The Bucharest National Airport Company expects revenues of 676.8 million lei (EUR154 million) in 2014, up 1% from RON668.6 million forecasted for 2013, and gross profit of RON32.8 million, h...
Romgaz Announces EUR152M Exploration Program For 2014
Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has allotted a budget of 666 million lei (EUR151.5 million) for its exploration program in 2014, general manager Virgil Metea s...
Special Construction Tax Might Bring EUR500,000M To The Budget, 5-Fold Higher Than Estimated
The tax on special constructions might bring over EUR500,000 million to the state budget in 2014, up to 5-fold higher compared with authorities’ estimations, money taken out of the economy,...