budget

Ciolacu: The tax facilities removal won”t be brutal, so that the activity won’t be ruined

The elimination of fiscal facilities will not be "a brutal one, to affect the activities", has said the Romanian prime minister Marcel Ciolacu, stating that the exceptions will be phased out.

Romania’s president: I will support the creation of an economic recovery fund for all EU member states

Romania's president Klaus Iohannis has said on Thursday he will support the creation of an economic recovery fund in the European Union that could benefit all member states. The president added that the support offered by the EU so far to Romania reaches 1,5 billion euros.

Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis

Romanian finance minister Florin Citu said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed.

SMEs Call for Urgent Government Action to Navigate Covid-19 Crisis

Around 98.6% small and medium-sized businesses in Romania say their activity will be deeply affected in the upcoming period by restrictions imposed in a bid to limit the spread of Covid-19 and call for urgent measures to stay afloat.

CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets

Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets under the supervision of insolvency practitioners CITR.

Iohannis, about the EU budget: My ambition is to get enough money for cohesion, agriculture

President Klaus Iohannis has said in Brussels, before the European Council meeting debating the EU budget for the next seven years, that his ambition is for Romania to receive sufficient money for cohesion, agriculture and to have a larger budget than the previous one.

Klaus Iohannis will attend the European Council meeting in Brussels on Thursday

President Klaus Iohannis will attend the European Council meeting in Brussels on Thursday, the Presidential Administration announces. On the agenda of the discussions will be the Multiannual Financial Framework of the EU for 2021-2027, with the aim of reaching a consensus between the member states.

Government To Postpone Passing 2019 Budget For Friday Meeting

Romania’s Government could delay adopting the state budget yet again, despite the fact that PM Viorica Dancila announced that the cabinet would make every effort to pass the project during Tuesday’s cabinet meeting, political sources told MEDIAFAX.

Government To Approve 2019 Budget On Friday Or Saturday – Sources

The Romanian Government will meet on Friday or Saturday to approve the state budget for 2019, political sources told MEDIAFAX on Wednesday. The combined standing bureaus of the Parliament will also be summoned on Saturday to set a timetable for debate and vote in the country’s legislative body.

Ruling Coalition Leaders Meet To Discuss 2019 State Budget – Sources

The co-leaders of Romania’s ruling PSD-ALDE coalition, Liviu Dragnea and Calin Popescu Tariceanu, will meet on Monday to discuss the state budget draft for 2019, according to political sources.

Government Approves Second Budget Revision Of 2018

Romania’s Government approved on Friday a second budget revision for 2018, following an extra RON9.5 billion in state income and RON10.7 billion in spending and keeping within the deficit target of 2.9% of the country’s GDP, according to Finance Minister Eugen Teodorovici.

Romania Posts RON1.35B Budget Surplus In January-April 2017

Romania's general consolidated budget posted a surplus of RON1.35 billion in January-April 2017, or 0.17% of the gross domestic product (GDP), finance ministry data showed Thursday.

Romanian Local Authorities Must Allot Funds To Child Protection – Bill

Romanian local authorities must ensure financing for child protection to ensure the system’s functioning, according to a bill put up for public debate.

Romanian Parliament’s Budget Committees Approve Interior Min’s 2012 Budget

The Romanian Parliament’s committees for budget and finance on Wednesday approved with 23 to 13 votes the budget of the Ministry of Interior.

Romanian Parliament Committees Approve Budget Of Ministry Of EU Affairs

The 2012 budget of Romania's Ministry of European Affairs, amounting to 86.7 million lei (EUR20 million), was approved Monday by the specialty Parliament committees.

Romanian Parliament Defense Committees OK Interior Ministry’s Draft 2012 Budget

The Romanian Parliament’s defense committees on Monday approved during a joint meeting the draft 2012 budget of the Interior Ministry, of 7.29 billion lei (EUR1.67 billion).

Romanian Parliament Committees OK Draft 2012 Budgets Of Health Min, Health Insurance House

The Romanian Parliament’s health committees on Monday approved with 14 to ten votes the draft 2012 budgets of the Health Ministry and the National Health Insurance House (CNAS).

Romanian Parliament Committees OK Agriculture Ministry Budget

The committees for agriculture in the Romanian Parliament on Monday approved the 2012 budget of the Agriculture Ministry, of 14.9 billion lei (EUR3.42 billion), nearly RON1 billion lower than this year's RON15.8 billion.

Romanian Parliament Administration Committees OK 2012 Tourism, Regional Development Budget

The Romanian Parliament’s public administration committees on Monday approved the 2012 draft budget of the Ministry of Tourism and Regional Development, of 3.45 billion lei (about EUR793 million).

Romanian Health Ministry’s 2012 Budget To Be Set For Entire Year, Won’t Be Revised – Minister

The Romanian Health Ministry’s 2012 budget will be set for the entire year and will not be revised, Health Minister Ladislau Ritli said Wednesday.

Romania’s Ruling Coalition Puts Off Approval Of Draft 2012 State Budget Until Next Week – Sources

Romania’s ruling coalition leaders decided Wednesday that the draft 2012 state budget will be approved by the Government next week, most likely in a special meeting, people close to the talks told MEDIAFAX Wednesday.

Romanian PM: Next Budget Revision To Give More To Health, Culture, Investments

Romanian Prime Minister Emil Boc said the government will revise the state budget next week at the latest, providing more funds to the ministries of Health, Culture and those running investments in infrastructure.

Romanian President: 2012 Budget Targets Deficit Of 1.9% In Cash Terms

Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of the GDP in cash terms, which can be increased up to 2.5% later in the year.

PM: None Of Romania’s 2012 Budget Scenarios States Wage Cuts, Taxing Pensions

The Romanian Government will propose a prudent draft 2012 budget, which should protect Romania from major risks if the situation in Europe does not improve, and none of the budget scenarios states wage cuts or taxing pensions, Prime Minister Emil Boc said Tuesday.

Romanian President Calls For Prudent 2012 Budget

Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Traian Basescu said Monday.

Romanian Opposition Wants VAT Cut To 19% To Vote On Draft 2012 Budget

Romanian opposition Social Democratic Party leader Victor Ponta said Monday the Social Liberal Union will vote on the draft budget for 2012 only if social security contributions are cut by 10% and the value added tax to 19%.

Romania’s 2012 Budget Needs New GDP Growth, Deficit Estimates – PM

Romania's Government has completed the draft of next year's state budget, but it will be sent to Parliament after the European Commission (EC) announces the economic growth forecast and after the budget deficit target is agreed upon with the IMF and EC, Prime Minister Emil Boc said Monday.

Romanian PM 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 drafting the state budget for next year, people close to the matter told MEDIAFAX.

Romanian 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 ANAF said Wednesday.

Romanian Govt To Determine Value, Payment Plan For Court-Won Wage Rights By Sept

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 years, so that the country will not exceed a 3% budget deficit in 2012, Prime Minister Emil Boc said Sunday.

Romania To Increase Personnel Expenses In Intelligence Services, Defense Ministry

Romania's Government will increase the budgets of the intelligence services and Interior, Defense and Justice ministries by almost 724 million lei (over EUR170 million), for personnel expenses, according to the draft budget revision.

Romania To Increase Ministry Budgets For Investments, Company Debts

Romania's government will increase the budgets of several ministries, in order to finance investments and eliminate debts incurred by state enterprises, but will give less resources to the Ministry of Environment and the Ministry of Finance, according to the draft budget revision.

Romanian Govt To Revise 2011 Budget In Early August

Romania's Government will conduct this year's first budget adjustment in early August, with priority granted to allotting additional resources for investment programs, especially those run by the Ministry of Transports, Prime Minister Emil Boc said Friday.

Romania 1H Budget Gap At RON11.3B, Meets IMF Target

Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday.

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 to RON4.4 billion, the Finance Ministry said Wednesday.

Romanian State-Owned Airline Tarom Expects To Break Even In 2011

Romanian state-owned airline Tarom wants to break even in 2011, after its 2010 budget provided for a 19.8 million lei (EUR1=RON4.2621) profit, according to a draft government decision by the Ministry of Transport.

Romanian State-Owned Railway Companies’ 2011 Budgets Entail Sacking 5,588 Employees

The 2011 budgets of Romanian state-owned railway companies CFR Marfa, CFR Calatori and CFR SA say 5,588 employees will be sacked and staff expenses will be cut by 21.8%, 6.5% and 11.6% respectively, according to three draft Government decisions drawn up by the Transport Ministry.

Romanian President Passes State Budget, Social Security Budget, Wage Bills

Romanian President Traian Basescu on Tuesday signed the 2011 state budget bill and social security budget bill, as well as the unitary wage and 2011 public sector wage bills into laws, the president’s office said in a statement.

Romanian 2011 State Budget Law Ruled Constitutional

Romania's Constitutional Court on Tuesday ruled the 2011 state budget law constitutional.

Romanian Opp Liberals Challenge 2011 State Budget Law At Constitutional Court

Romanian opposition liberal deputies challenged the state budget for 2011 with the Constitutional Court.