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Metrorex Expects RON123M Loss In 2014
Bucharest subway operator Metorex estimates gross loss of 123.19 million lei (EUR27.19 million) in 2014, revenues of RON654.4 million and expenses of RON777.6 million.
Three Low-Profile Execs Have EUR17B Of Romania’s Budget In Their Hands
The institutions in charge of pensions, health insurance and highways, which have total budgets of over EUR17 billion, are run by three executives who have been politically appointed by ruli...
Romania Puts Off Raising Fuel Excises For 3 Months; Basescu Agrees With 2014 Budget
Romanian Prime Minister Victor Ponta Wednesday said the planned increase in fuel excises by EUR0.07/liter, starting January 1, 2014, will be delayed for three months, until March 31, 2014.
Transport Ministry Expects Revenues Of RON11.4M From Minority Stake Sale In 2014
Romania’s Transport Ministry expects privatization revenues of 11.4 million lei (EUR2.56 million) in 2014 from the sale of minority stakes in the companies it controls, according to the mini...
Romanian President Signs 2014 Social Security Budget Into Law
Romanian President Traian Basescu told a news conference Monday he signed the 2014 social security budget into law.
Romania’s Central Bank Governor Wants No Involvement In President-PM Battle
Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the let...
Government Plans Secret Measures To Restart Consumption
The Romanian Government is preparing a set of measures aimed at restarting consumption for the beginning of next year. The measures will not affect budget resources, Budget Minister Liviu Vo...
Aerostar Expects Slightly Higher Turnover Of RON215M In 2014
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) targets turnover of 215 million lei (EUR48.1 million) in 2014, slightly up from RON210 million estimated in the company...
Parliament Adopts 2014 State Budget
Romania’s Parliament Wednesday adopted the draft laws on the state budget and social security budget for 2014.