BUDGET
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Romania Budget Deficit Narrows To RON7.6B In January-October
Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed...
President Threatens To Stave Off State Budget Unless Government Drops Fuel Excise Hikes
Romanian President Traian Basescu threatened to send the 2014 state budget back to Parliament unless the government drops its proposed hike in fuel excises.
CFR Marfa Expects To Reduce Loss By 63% In 2014, Sees Revenues Up 8%
Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower th...
Finance Ministry Plans To Get More Money From Tax On Profit, Income By 2017
Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts...
Voinea: 2014 Budget To Include 127 Investment Projects, Most Of Them In Infrastructure
Romanian Minister for Budget Liviu Voinea says 127 major investment projects worth a total of 148 billion lei (EUR33.2 million) will to be included in the state budget for 2014, which will b...
EXCLUSIVE: Romania To Collect Extra RON5B In 2014 Following Tax System Changes
Tax revenues in Romania will increase by 5 billion lei (EUR1.12 billion) next year following tax system changes, which include widening taxable income and the health insurance contribution b...
EXCLUSIVE: Government Allots More Money To Local Budgets In 2014
Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 20...
EXCLUSIVE: Mandatory Private Pension Contributions Increase To 4.5% In 2014
Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, o...
Government Removes Over EUR600M From Economy Through New Taxes On Fuel And On Companies’ Assets
Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption.