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BUDGET

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Draft Budget: Romania To Hike Staff Spending, Cut Capital Expenses In 2013
Social/Politics

Draft Budget: Romania To Hike Staff Spending, Cut Capital Expenses In 2013

Romania will increase staff expenses by 1.8 billion lei (EUR0.4 billion) next year to restore public wages, after they were cut by 25% in 2010, while capital expenses will be reduced by RON1...

Ioana Tudor · 13.12.2012 · 12:26 · 1 min
Aerostar Bacau Expects 27% Higher Turnover In 2013, To RON210M
Companies

Aerostar Bacau Expects 27% Higher Turnover In 2013, To RON210M

Romanian plane construction and repair firm Aerostar Bacau (ARS.RO) estimates its turnover will rise 27% to 210 million lei (EUR46.3 million) in 2013, compared to an estimated turnover of RO...

Ecaterina Craciun · 13.12.2012 · 11:08 · 1 min
SIBEX Expects RON1.6M Loss In 2012 As Costs Rise
Capital Market

SIBEX Expects RON1.6M Loss In 2012 As Costs Rise

Romania’s monetary and commodities exchange SIBEX has amended its 2012 revenue and expenditure budget to accommodate higher-than-expected spending, according to a shareholder decision.

Florentina Dragu · 12.12.2012 · 14:53 · 1 min
Social/Politics

Romania Extends Deadline To Increase Education Budget To 6% Of GDP

Romania’s Government will postpone until January 1, 2014 the application of a measure whereby allocations to education will increase to at least 6% of the gross domestic product.

Ioana Tudor · 12.12.2012 · 14:29 · 1 min
Romania To Cap All Public Staff Spending Next Year Except In Healthcare, Education
Social/Politics

Romania To Cap All Public Staff Spending Next Year Except In Healthcare, Education

Staff spending will be capped next year in all state institutions, except in education and healthcare, Prime Minister Victor Ponta said Wednesday.

Oana Gavrila · 12.12.2012 · 12:24 · 1 min
Romania January-October Budget Gap Widens Slightly To RON7.2B
Macroeconomics

Romania January-October Budget Gap Widens Slightly To RON7.2B

Romania’s consolidated budget posted a deficit of 7.2 billion lei (EUR1.58 billion) in the first ten months, equal to 1.19% of the gross domestic product, Finance Ministry data showed Monday...

Florentina Dragu · 26.11.2012 · 19:40 · 1 min
EU Might Increase By 50% Agriculture Funds Allotted To Romania For 2014-2020
Social/Politics

EU Might Increase By 50% Agriculture Funds Allotted To Romania For 2014-2020

Romania might get a 50% increase of the funds allotted through the Common Agricultural Policy (CAP) in the future EU financial framework (2014-2020), European sources told Mediafax Thursday.

Ioana Tudor · 22.11.2012 · 16:28 · 1 min
Draft Budget States Sum To Raise Private Pension Contribution Rate To 4% In 2013
Banks-Insurance

Draft Budget States Sum To Raise Private Pension Contribution Rate To 4% In 2013

Romania’s draft state budget for 2013 states the sum needed to increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages, Ile...

Ioana Tudor · 20.11.2012 · 13:34 · 1 min
Health Minister Says 2013 Healthcare Budget Likely To Stay Below EU Average
Health

Health Minister Says 2013 Healthcare Budget Likely To Stay Below EU Average

Romania’s Health Minister Rael Arafat said Sunday in an interview for PRO TV that the 2013 budget for the healthcare sector will probably be the same as this year’s budget, which is way belo...

Ecaterina Craciun · 18.11.2012 · 13:42 · 1 min