BUDGET
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CFR SA's 2011 Loss Reduced To Less Than Half In Revised Budget
Romania's Transport Ministry wants to revise the 2011 budget of state railway company CFR SA, reducing its losses to less than half the initial estimate, i.e. to 350 million lei (EUR82 milli...
Tarom's Investment Budget Reduced 70%, To RON65M
The revised budget of Romanian state airline Tarom reduces its investment finances by 70% compared to the value approved earlier in the year, down to 65 million lei (EUR15 million) from RON1...
Romania To Raise Subsidy For CFR Calatori By 34%
Romania's Transport Ministry will ask the Government to increase the subsidy provided to state-owned railway company CFR Calatori by 34.3% compared to the value approved in April, to 1.37 bi...
CFR Marfa's 2011 Loss More Than Doubles, To RON192M
The losses of state-owned railway company CFR Marfa will increase 2.3 times this year, to 192 million lei (EUR45 million) from RON81.2 million, because the Government has not raised its capi...
CNADNR's Investment Budget Raised 26% To RON7.6B
Romania's Transport Ministry will ask the Government to raise the national road company's investment budget by 26%, to 7.59 billion lei (EUR1.78 billion), mainly for the Transylvania and Buc...
Boc Asks Ministries Outside Fiscal Strategy For 2012 Expense Estimates
Romanian Prime Minister Emil Boc on Wednesday asked the ministries not included in the 2012-2014 fiscal strategy to present their own expense estimates for 2012, which will be used in drafti...
CNH Debt To Budget Widens To RON4.6B In 1H
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority...
Transport Ministry Sees Privatization Revenues Triple To RON50M
The Romanian Transport Ministry will revise its privatization budget this year and expects it will obtain revenues of 52.5 million lei (about EUR12.3 million), mainly from dividends, triple...
Boc: Government To Determine Value, Payment Plan For Court-Won Wage Rights By September
The Romanian Government will deterimine by September the sum to be paid next year to public sector employees who won salary rights in court, and will set a payment schedule for the coming ye...