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Sibex Expects Loss Of RON1.6M In 2012, Triple On the Year
Capital Market

Sibex Expects Loss Of RON1.6M In 2012, Triple On the Year

Romania’s monetary and commodities exchange Sibex estimates a net loss of 1.6 million lei (EUR0.35 million) for 2012, from RON596,000 in 2011, reversing initial estimations.

Ioana Tudor · 08.11.2012 · 15:48 · 1 min
Roads Authority Spent EUR4B On Highways In Six Years, Enough For 800 Km
Automotive

Roads Authority Spent EUR4B On Highways In Six Years, Enough For 800 Km

The roads authority has had over EUR4.1 billion available between 2007 and 2012 for building highways and a further EUR3.6 billion to rehabilitate national roads. During the same period, Rom...

Tudor Ioana Raluca · 07.11.2012 · 00:00 · 2 min
Social/Politics

Ponta Says 2013 Budget Could Be Approved Swiftly By Year-End

Romania’s state budget for 2013 could be approved by year-end, following a tight calendar, unless political obstacles occur, Prime Minister Victor Ponta said Saturday.

Oana Gavrila · 04.11.2012 · 15:37 · 1 min
Social/Politics

Senate Approves Own Budget Draft For 2013

The Romanian Senate approved Monday its own budget draft for 2013, which envisages expenditures of over 107,000 thousands lei, as well as the acquisition of over 150 vehicles for the members...

Manuela Panescu · 29.10.2012 · 21:56 · 1 min
Romanian Energy Efficiency Projects Could Get EUR2B For 2014-2020
Energy

Romanian Energy Efficiency Projects Could Get EUR2B For 2014-2020

The budget allotted for energy efficiency projects in the European Union’s next budget planning period 2014-2020 stands at 10% of the value of structural funds and it might reach EUR2 billio...

Ecaterina Craciun · 29.10.2012 · 13:54 · 1 min
Government To Approve This Year's Second Budget Revision Saturday
Banks-Insurance

Government To Approve This Year's Second Budget Revision Saturday

Romania’s Government will meet Saturday to approve this year’s second budget revision.

Ioana Tudor · 25.10.2012 · 20:17 · 1 min
Romania Jan-Sep Budget Gap Widens Slightly To RON7.17B
Macroeconomics

Romania Jan-Sep Budget Gap Widens Slightly To RON7.17B

Romania’s consolidated budget posted a deficit of 7.17 billion lei (EUR1.57 billion) in the first nine months, equal to 1.18% of the gross domestic product, Finance Ministry data showed Thur...

Florentina Dragu · 25.10.2012 · 19:32 · 1 min
Government To Approve This Year's Second Budget Revision Friday
Banks-Insurance

Government To Approve This Year's Second Budget Revision Friday

Romanian Prime Minister Victor Ponta said Wednesday the Cabinet will assemble in a special meting Friday to approve this year's second budget revision.

Oana Gavrila · 24.10.2012 · 12:54 · 1 min
Social/Politics

MPs Reject Opposition’s Simple Motion On State Budget

Romania’s Chamber of Deputies on Tuesday rejected a simple motion on the state budget submitted recently by the opposition Democratic Liberal Party.

Ioana Tudor · 23.10.2012 · 18:15 · 1 min