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Romania Raises Private Pension Contribution Rate To 4% In 2013
Romania will increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages and the sum collected is estimated at 3.05 billion lei...
Treichl, Erste Head: BCR Will Have Profit Target In 2013
The budget of Romania’s largest bank BCR in 2013, which is set to be approved by the General Shareholders’ Meeting on January 23rd, provides for a profit at the end of the year, although the...
Romania’s Assets Stand At EUR200B, Public Debt At EUR51B, Minister Says
Liviu Voinea, minister-delegate for the state budget, said in an interview for Ziarul Financiar, that the Ponta Government inventoried state assets, both in public institutions and state-run...
Romania's 2013 Consolidated Budget: Revenue Seen At EUR46B, Expenses At EUR49B
Romania’s draft state budget for 2013 takes into account a gross domestic product of about EUR140 billion and an exchange rate of 4.5 lei to the euro.
Government Assembles For First Meeting After Endorsement
Romania’s new Cabinet, which received the Parliament’s endorsement Friday evening, convened Saturday morning to approve its organization chart and discuss its immediate priorities.
Romania's Budget Deficit Widens To 1.77% Of GDP After 11 Months
Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finan...
Ponta: Romania’s Economic Growth Forecast At 2% In 2013
The Romanian Government envisages an economic growth forecast of around 2% of the gross domestic product GDP in 2013, Premier Victor Ponta said Wednesday.
Alro Expects 8.9% Lower Turnover In 2012, To $582M
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, has revised downward this year’s turnover to $582 million, 8.9% lower compared to turnover of $639.5 million...
Romania Budget Deficit Widens To 1.8% Of GDP In November
Romania’s consolidated budget deficit widened to 1.8% of the gross domestic product at the end of November, from a gap of 1.19% of GDP a month earlier, government sources said Wednesday.