BUDGET
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Budget Is Out Of Sync With Economic Growth
The macroeconomic indicators may have been good news, as the economic growth was beyond expectations in the first quarter of 2014, but budget revenue did not follow the same trend, merely ri...
Romania Posts Budget Deficit Of 0.28% Of GDP In January-April
Romania’s consolidated budget posted a deficit of nearly RON2 billion, or 0.28% of gross domestic product, in January-April 2014, from 0.14% of GDP end-March and 1.19% of GDP in January-Apri...
Romanian Budget Minister Sees 3.5% Economic Growth In 1Q
Romania’s economy has likely expanded 3.5% in the first quarter, fueled by industry and domestic consumption, minister delegate for Budget Liviu Voinea said Wednesday.
Finance Ministry Undervalued Impact Of Tax Exemption On Reinvested Profit On Budget
The Finance Ministry has significantly underestimated the impact of the tax exemption on reinvested profit on the budget, at 600 million lei (EUR136 million), instead of RON2 billion, Ionut...
Nuclearelectrica To Pay Dividends Of RON341M, 80% Of Last Year’s Profit
Shareholders of nuclear power plant operator Nuclearelectrica (SNN.RO) approved the distribution of dividends totaling RON341 million (EUR76.7 million), nearly 11 times higher than last year...
Altur Expects 5% Fall In 2014 Revenue To RON112.5M
Romanian car parts maker Altur Slatina (ALT.RO) expects revenue of 112.5 million lei (EUR25.2 million) in 2014, down 5% from 2013, and pre-tax profit of RON3.1 million, 3.7-fold higher on th...
Uztel Ploiesti Sees Profit Tripling To RON5.6M This Year
Romanian insolvent oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) estimates its net profit will triple this year, to RON5.6 million and its turnover will rise 23%, to RON78 million,...
Romania Posts Budget Deficit Of 0.14% Of GDP In 1Q 2014
Romania’s consolidated budget posted a deficit of RON900 million, or 0.14% of the gross domestic product, in the first quarter of 2014, down from 0.46% of GDP at the end of February and 0.67...
Electrocarbon Slatina Sees Revenues Rising 11.3% This Year, To RON150.1M
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO), controlled by businessman Laurentiu Vasile Dascalu, estimates its revenues at RON150.1 million (EUR33.8 million) this ye...