BUDGET
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IMF: Political Pressures In Romania Will Be Strong Over Coming Months
The International Monetary Fund expects political pressures for relaxing fiscal consolidation and structural reforms to intensify despite the new government strongly affirming its commitment...
Romania January-May Budget Gap Widens To RON7.2B
Romania’s consolidated budget posted a deficit of 7.2 billion lei (EUR1.6 billion) in the first five months, equal to 1.19% of the gross domestic product, Finance Ministry data showed Monday...
Insurer PAID Sees Underwritten Premiums Fall 71% In 2012, Losses Of Up To RON1.9M
Romania's Pool of Insurance against Disasters (PAID) will underwrite premiums of 10.3 million lei (EUR2.3 million) in 2012, down 71% on the year, and will switch to losses of RON1.9 million...
Romania Paves Way For Civil Procedure Code Implementation, Pumps Extra Money Into Justice Sector
Romania’s Government on Wednesday approved a memorandum increasing the budgets of the Justice Ministry, the High Court of Justice and the High Council of Magistrates, as well as unfreezing s...
Romania Budget Gap Widens To RON5B In First 4 Months
Romania’s consolidated budget posted a deficit of 5 billion lei (EUR1.1 billion) in the first quarter, equal to 0.83% of the gross domestic product, Finance Ministry data showed Friday.
Bucharest's Transport Authority To Be Financed With Public Money, Transfer Revenues To State Budget
Bucharest's Metropolitan Transport Authority (AMTB) will transfer to the state budget its revenues from technical assistance, authorization and consulting services, and will be financed enti...
SIF Oltenia 1Q Revenue Quadruples To RON27.7M
Romanian regional investment fund SIF Oltenia (SIF5.RO) reported revenue of 27.7 million lei (EUR6.3 million) and expenses of RON7.2 million (EUR1.6 million) for the first quarter, the compa...
IMF, Romania Agree On New 2012 Budget Deficit Target
Romania and the International Monetary Fund have agreed to increase the budget deficit target to 2.2% of the gross domestic product in 2012, from 1.9% of GDP previously, IMF mission chief Je...
Government To Revise Budget In End-July
Romania's Government will carry out this year's first budget revision at the end of July, Finance Minister Florin Georgescu announced Tuesday.