BUDGET
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Taxpayers In Romania Queue Up To Pay Their Taxes
Crowding and discontent, this was the atmosphere on Tuesday morning in front of the Fiscal Administration of Bucharest's 2nd district, where around 100 people were queuing up to submit the n...
CNAB Allots EUR3M To Modernize Otopeni Airport Presidential Lounge
The Bucharest National Airport Company (CNAB) will allot 13.2 million lei (EUR3 million) to modernize the Henri Coanda (Otopeni) airport’s presidential lounge, according to the company’s 201...
Economy Ministry Requests Budget Revisions For Almost 50 State Companies
Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not a...
Romania 2011 Budget Gap Narrows To 4.35% Of GDP, Below IMF Target - Sources
Romanian consolidated budget posted a deficit of 4.35% of the gross domestic product in 2011, just shy of the government’s target of 4.4% of GDP agreed with the International Monetary Fund,...
Romanian Authorities Caused Over RON3B In Losses To Budget Through Illegal Practices
Romanian central and local authorities in 2010 caused 3.2 billion lei (EUR735 million) in damage to the state budget by failing to collect certain income on time, using funds illegally, hiri...
Roche Heads Towards First Billion Lei Driven By 5% Growth
Roche Romania estimates to have ended 2011 with approximately 900 million lei (EUR207 million) in sales, while the 2012 budget is conservative, built in lei around expectations of growth.
Transelectrica Expects Pretax Profit To Double At RON51.7M In 2012
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday said it expects revenue of 2.62 billion lei (EUR603.9 million), down 6% on the year, but pretax profit is expected...
Alro Ups 2011 Net Profit Forecast To $76M
Romanian aluminum maker Alro Slatina (ALR.RO) revised its budget for 2011 as it now expects a net profit of $76 million, up 19% from the initially seen $64 million, despite buying electricit...
Romania's Budget Deficit Widens To 3% Of GDP In November
Romania’s consolidated budget posted a deficit of 16.9 billion lei (EUR3.9 billion) after the first 11 months, equivalent to almost 3% of the gross domestic product, a Finance Ministry offic...