BUDGET
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Romania Posts Budget Deficit Of 1.06% Of GDP In First Half
Romania’s consolidated budget posted a deficit of 6.62 billion lei (EUR1.5 billion) in the first half of 2013, equal to 1.06% of the gross domestic product, Finance Ministry data showed Frid...
Government To Revise Budget End-July, Lower VAT On Bread Likely In September
Romania’s Government will operate this year’s first budget revision at the end of July and hopes enough funds will be saved to allow the lowering of VAT on bread as of September, Prime Minis...
Transgaz Expects 17% Lower Net Profit In 2013, Of RON272M
Romania’s natural gas transporter Transgaz (TGN.RO) expects net profit of 271.9 million lei (EUR61.3 million) in 2013, down 17.4% from RON329.3 million last year.
State Budget To Get EUR478M From Telecom Operators
Romania’s state budget will get EUR478 million on Friday as the mobile phone companies that bought licenses at the radio frequency spectrum auction organized by telecom market regulator ANCO...
Romania Budget Deficit Shrinks To 1.05% Of GDP In First 5 Months
Romania’s consolidated budget posted a deficit of 6.56 billion lei (EUR1.46 billion) in the first five months of 2013, equal to 1.05% of the gross domestic product, Finance Ministry data sho...
Carpatcement Sees 3% Growth In Turnover In 2013, To RON834.8M
Cement producer Carpatcement Holding, part of German group HeidelbergCement, expects a turnover of RON834.8 million this year, up 3.3% from 2012, and a gross profit of RON174.9 million, down...
Romanian Investment Company Cuts Budget To RON52.6M In 2013
Romania's National Investment Company (CNI) planned investments worth 52.6 million lei (EUR12 million) in 2013, more than five times lower than the amount allotted last year, of RON274.3 mil...
Bucharest Airport Company Expects Lower Gross Profit In 2013
The Bucharest National Airport Company (CNAB) planed investments worth 376.9 million lei (EUR86 million) in 2013, up 40% on the year, and expects three times lower gross profit, of RON22.6 m...
Posta Romana Amassed Loss Of RON532M In 2009-2012
Romanian state-owned postal company Posta Romana amassed losses of 532.9 million lei (EUR123 million) between 2009 and 2012, while it expected profit in each of the four years, according to...