BUDGET
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Two Million Pensioners, Exempt From Health Insurance Contributions, To Cost Budget EUR1B
More than two million Romanian pensioners who earn less than 740 lei (EUR170) will no longer pay the 5.5% contribution to social health insurance, leaving the state budget without roughly EU...
Banca Transilvania Eyes 20% Hike In 2012 Pretax Profit, To RON33.47M
Romanian lender Banca Transilvania (TLV.RO) on Thursday said it expects a 20% year-on-year increase in pretax profit, to 334.7 million lei (EUR76.4 million) in 2012 from RON278.2 million a y...
Rompetrol Rafinare Sees 2012 Loss Narrowing To $86M
Romanian Rompetrol Rafinare SA (RRC.RO), which clusters the refinery operations of oil group Rompetrol, expects to reduce its loss this year to $86 million, from $167.4 million in 2011.
Government Allocates RON7.8M To Complete Electoral Register Program
The Romanian Government will increase the budget of the Standing Electoral Authority (AEP) by 7.8 million lei (EUR1.7 million) to complete the setting up of the electoral register program, a...
February’s Cold Weather Caused Budget Revenues To Rise By Just 1.2%
Romania’s budget was fully affected by the bad weather in February, moving from a surplus of 0.2% of GDP in January to a deficit of 0.4% of GDP in February.
Romania Runs Budget Deficit Of RON2.7B In Jan-Feb
Romania’s consolidated budget posted a deficit of 2.7 billion lei (EUR618 million) in the first two months, equal to 0.44% of the gross domestic product, Finance Ministry data showed Monday.
Bucharest’s Fictional Budget Based On 30% Higher Revenues Than In 2011
Bucharest's general council has approved the city's budget more than a month and a half after the legal deadline, an extremely optimistic budget even for this election year, with revenues ex...
Antibiotice Sees Pretax Profit Up 13%, To RON29.9M In 2012
Romanian state-owned medicine maker Antibiotice Iasi (ATB.RO) expects pretax profit to reach 29.9 million lei (EUR6.86 million) this year, up 13% from RON26.4 million in the previous year, a...
Highway Company Spends EUR10B On 150 Km Of Highway. Where Has The Money Gone?
The Romanian national roads company CNADNR, which each year gets the biggest budget allocated to the Transport Ministry, between 2006 and 2011 had cumulated budgets of over EUR10 billion and...