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BUDGET

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Social/Politics

Romania’s Contribution To 2011 EU Budget Reduced By EUR46M, To EUR919M

Romania’s contribution to the 2011 budget of the European Union will be reduced by EUR46.3 million, to EUR919 million, as the European Parliament voted to distribute the surplus in the last...

Tudor Ioana Raluca · 05.07.2011 · 19:01 · 1 min
Macroeconomics

Goods And Services Expenses Up 20%, Personnel Expenses Down 20% In May

May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 milli...

Claudia Medrega · 28.06.2011 · 00:00 · 2 min
Transgaz Overshoots 2011 Budget
Energy

Transgaz Overshoots 2011 Budget

The management of Transgaz Medias (TGN.RO) admits that budget projections for 2011, which included a profit at one third of 2010 level and falling revenues, are not quite in line with realit...

Adrian Cojocar · 21.06.2011 · 22:00 · 2 min
Macroeconomics

Ialomitianu: Budget Deficit Widens To RON6.7B In May

Romania’s consolidated budget posted a deficit of 6.7 billion lei (EUR1.6 billion) in the first five months, equal to 1.2% of the gross domestic product, Finance Minister Gheorghe Ialomitian...

Florentina Dragu · 07.06.2011 · 20:29 · 1 min
Cseke: Hospital Budget To Be Raised By RON500M This Summer
Health

Cseke: Hospital Budget To Be Raised By RON500M This Summer

The budgets of Romania's public hospitals will be increased by 500 million lei (EUR121 million) in this summer's budget revision, said Health Minister Attila Cseke on Wednesday.

Radu Bostan · 01.06.2011 · 14:26 · 1 min
Social/Politics

Senate To Request More Money For Fuel, Utilities - Sources

The leaders of Romania's Senate will ask the Finance Ministry to increase the house's 2011 budget by 11 million lei (EUR2.67 million), warning that its current finances are not enough to pay...

Radu Bostan · 30.05.2011 · 17:12 · 1 min
Macroeconomics

Romania’s Budget Posts RON829M Surplus In April

Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million) in April, fueled by higher revenue, while the budget deficit for the first four months of 2011 narrowed t...

Bogdan Neagu · 25.05.2011 · 18:11 · 1 min
Health

Ropharma Expects RON14.3M Pretax Profit In 2011

Romanian medicine distributor Ropharma Brasov (RPH.RO) on Monday said it expects a gross profit of 14.3 million lei (EUR3.5 million) this year, compared to RON13.3 million in 2010.

Andrei Cîrchelan · 02.05.2011 · 14:04 · 1 min
Energy

Romanian Petrolexportimport Expects RON0.5M Loss In 2011

Romanian fuel distributor Petrolexportimport Bucharest (PEI.RO) on Monday said it expects to narrow its net loss to 520,000 lei (some EUR128,000) this year, from RON1.5 million in 2010.

Andrei Cîrchelan · 02.05.2011 · 13:01 · 1 min