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Romania ‘10 Draft Budget To Be Cleared By Next Govt – Fin Min

16:16, 14 Oct. 2009

Romania’s Finance Ministry is still working on the 2010 draft budget, but the future government will be the one to analyze and sent it to parliament for approval, acting minister Gheorghe Pogea said Wednesday.

Romanians’ Mandatory Private Pension Constributions Set At 2.5% In 2010 – Regulator

12:16, 14 Oct. 2009

Romanians' contributions to mandatory private pensions (Pillar II) will increase by half a percentage point in 2010, to 2.5% of the contributor's gross wage, the vice-president of the country's private pension system regulator CSSPP, Ion Giurescu, said Wednesday.

Fin Min Official: 2010 State Budget Draft Won’t Be Sent To Parliament In Due Time

20:04, 13 Oct. 2009

The budget draft would not be sent to Parliament in due time, by the legal deadline October 15, Romanian Finance Ministry state secretary Gheorghe Gherghina told Mediafax Tuesday.

Romanian VAT To Remain Unchanged – Tourism Min

17:33, 10 Oct. 2009

Romania’s Tourism Minister Elena Udrea said Saturday during a visit in Romanian seaside resort Neptun, that a VAT increase is out of the question, adding the budget already set by the Government does not include any VAT change.

Romania’s 2011 Budget Gap Still Above EU Criteria – IMF

19:23, 09 Oct. 2009

The International Monetary Fund revised up its forecast on Romania’s budget deficit for 2011 from 2.7% of the gross domestic product to 4.2% of the GDP, above the maximum ceiling required by the European Union.

Romanian Transport Min Wants An Almost Doubled Budget In ’10

15:34, 09 Oct. 2009

The Romanian Ministry of Transport and Infrastructure wants a budget of 19 billion lei (EUR1=RON4.2776) in 2010, compared to RON11 billion in 2009, said Transport Minister Radu Berceanu.

Romanian Transport Min Wants 3.5% of GDP For Railway Infrastructure In 2010

13:09, 06 Oct. 2009

Romanian Transport Minister Radu Berceanu asked the Finance Ministry to assign 3.5% of gross domestic product next year to upgrade the country’s railway infrastructure, from 0.3% of GDP assigned this year.

Romanian President Blasts Local Authorities For Poor Management Of State Funds

15:49, 03 Oct. 2009

Romanian President Traian Basescu on Saturday said corruption is not the one eating up state funds in some sectors, but the bureaucracy in the respective sectors, and stressed most local authorities spend funds irresponsibly and then turn to the government for more money.

Romania’s 8-Mo Budget Deficit At 4.5% Of GDP

19:25, 25 Sept. 2009

Romania’s consolidated budget deficit rose one percentage point in August, to 4.5% of the gross domestic product, the Finance Ministry said Friday.

Romanian State Agencies To Transfer Collected Fees To State Budget

17:25, 14 Sept. 2009

Several Romanian governmental agencies such as the Privatization Authority, the Energy Regulatory Authority, the Foreign Investments Agency, or the Trade Registry, will have to transfer to the state budget the money collected from dues for various operations and services.

Romanian Govt Performs Second Budget Revision In ’09

17:32, 29 Aug. 2009

The Romanian Government performed Saturday the second budget revision for this year, after the International Monetary Fund agreed to allow a budget gap increase to 7.3% in 2009, from the previous projection of 4.6%, negotiated in March for the agreement concluded by authorities with the IMF.

Romanian Mins Give Up One Fifth Of Pay Until Yearend

17:00, 29 Aug. 2009

Romanian ministers signed a self-statement giving up 20% of their monthly salaries, until the end of the year, resulting in an overall saving of RON95,000, according to government spokesperson Ioana Muntean.

Budget Revision Ordinance To Be Enacted On Saturday – Romanian PM

15:59, 26 Aug. 2009

Romanian Prime Minister Emil Boc told the ministers who attended the weekly meeting of the Government, the ordinance regarding the budget revision will be adopted in the Government meeting held Saturday.

Romanian Interior Min Demands 15% Share From Taxes Collected

14:49, 25 Aug. 2009

The Romanian Ministry of Interior wants a 15% share from the taxes it collects for the state budget, to be used by the ministry, according to a draft emergency ordinance, publicly debated until September 3.

Romanian Magistrate Bonuses To Cost State Budget RON48M Monthly

18:40, 20 Aug. 2009

Romanian Finance Ministry said that paying the 50% mental distress bonuses and the 15% confidentiality bonuses to the magistrates in 2009 would cost the budget RON48 million monthly (EUR1=RON 4,2310).

Romanian Govt Might Cut Budget Spending For Local Auth, State Companies By EUR1B – Sources

14:53, 08 Aug. 2009

The Romanian Government is in talks with the International Monetary Fund (IMF) to reduce the planned budget spending by EUR1 billion, mainly through closer surveillance and a limit on the sums used by the local administration and the large state companies, official sources said.

Budget Spending Reaches Absurd Levels – Businessmen Assoc Head

14:31, 04 Aug. 2009

Budget spending has reached absurd levels, and state institutions show that it does not work to the benefit of the companies facing bankruptcy in the upcoming period, given an economic contraction of 7%-8% this year, said Tuesday Florin Pogonaru, head of the Romanian Businessmen's Association AOAR.

Posta Romana Revises ’09 Pre-Tax Pft Forecast Up 13-Fold, At RON4.9M

20:08, 22 Iun. 2009

Romania’s state-owned postal company Posta Romana forecasts a pre-tax profit of 4.78 million lei (EUR1=RON4.2181) in 2009, according to the budget approved recently by the government, the result being over 13-fold higher than in the initial version, which was based on a RON317,000 profit.

Romania’s 2009 B’estfest Edition To Cost EUR3.3M, Gather 70,000 Fans

15:06, 20 Mai 2009

This year’s edition of B'estfest festival, taking place between July 1 and July 5 in Bucharest, has a budget of EUR3.3 million and a total 70,000 people are expected to attend, organizers Emagic said Wednesday during a press conference.

Romanian Theater Festival Organizers Call On Govt To Rediscuss Culture Ministry Budget

15:00, 22 Apr. 2009

Organizers of Romania’s annual National Theater Festival call on the government, in an open letter, to rediscuss the budget of the ministry of Culture as the festival is close to being canceled after its budget was cut down by 78%.

Romania Posts Third Highest Budget Def In EU In ’08

13:09, 22 Apr. 2009

Romania reported in 2008 the third highest budget deficit in percentage of the gross domestic product among EU member states, at 5.4% of the GDP, more that double compared with EU’s total deficit of 2.3% of the GDP, European Community's Statistical Office Eurostat said Wednesday.

Referendum Among Romanian Teachers Shows 80% Want National Exams Boycotted, 60% Want Strike

10:58, 15 Apr. 2009

Partial results of a referendum among teachers represented by the Romanian Federation of Free Unions in Education regarding protest actions indicate that about 80% of unionists want to boycott national exams and 60% support a general strike.

Romanian Liberals To Call For No-confidence Vote Over Budget Revision

15:07, 14 Apr. 2009

The president of Romania’s opposition Liberal Party, Crin Antonescu, said Tuesday that liberals decided in the execute council meeting to call for a no-confidence vote in Parliament against the government over the budget revision it operated over the weekend.

Romania’s Consolidated Budget Rev Cut By RON18.8B, Expenses Cut By RON6.2B

11:17, 06 Apr. 2009

Romania's estimated consolidated budget revenues will be cut by 18.83 billion lei (EUR1=RON4.1893) while expenses will be cut by RON6.28 billion, trough the budget revision and the introduction of new financial-budgetary measures, according to a government document.

Romanian Privatization Money Could Support Agriculture Projects

14:42, 05 Apr. 2009

Romanian agriculture ministry projects, using foreign non-reimbursable funds, will be temporarily financed through privatizations revenues, if the budget allocations of the institution, whose spending is about to be drastically reduced in the budget correction, are insufficient.

IMF Imposes Quarterly Performance Criteria For Romanian Budget – Sources

14:11, 05 Apr. 2009

The budget deficit negotiated by Romania with the IMF is set for this year at RON24.36 billion, with quarterly targets, set considering annual budget revenues, without external non-reimbursable sums, of RON166.72 billion and primary spending of RON182.72 billion.

Romanian Gov To Cut Funds Of All Ministries, Except Labor

15:07, 03 Apr. 2009

The budget revision the Romanian Government plans for the next period will cut expenses from almost all ministries, mostly from the Agriculture, Defense, Interior and Education Ministries, but will increase the funds of the Labor Ministry.

Romania’s First Budget Revision This Year To Lower Funds For Environment, Tourism, Education

11:22, 02 Apr. 2009

The Romanian government will lower the budgets of several ministries in this year’s first budget revision, but mostly from the Ministries of Environment, Tourism, Educational and Defense, official sources told MEDIAFAX.

Romania’s Jan-Feb Social Insurances Budget Rev Dn 7.2% Y-Y

19:48, 01 Apr. 2009

Romania’s social insurances budget revenues fell by 7.2% on the year in the first two months of 2009 to 7.76 billion lei (EUR1=RON4.2329) from RON8.36 billion in the same period of 2008, according to data published Wednesday on Finance Ministry's website.

Romania’s Govt May Use Part Of ’09 Additional Budget Revenues As It Likes – IMF

16:09, 25 Mart. 2009

Romania’s Government may spend as it likes part of the additional revenues above the current forecast agreed with the International Monetary Fund, but will have to put aside another part of the money.

Romania Defense Min Denounces Low Budget Despite Strong NATO Commitments

16:50, 24 Mart. 2009

Romanian defense minister Mihai Stanisoara said Tuesday that, despite Romania’s NATO membership commitments, which stipulate 2% of GDP for the sector, the sum was way below this level over the past few years and, although set at 1.81% of GDP in 2008, the defense sector budget saw only 1.5% of GDP.

Romanian Govt To Revise Budget In April Or May

15:43, 24 Mart. 2009

Romania's Government will revise in April or May, for the first time this year, the 2009 budget, after the authorities and the International Monetary Fund agreed upon a budget deficit of 4.6% of the gross domestic product, from 2% of the GDP prior forecast, government sources told MEDIAFAX.

Romanian Buildings Thermal Upgrade 50% Supported By State Budget

18:44, 04 Mart. 2009

Landlords will pay 20% of buildings’ thermal restoration costs, while the state budget’s contribution will increase to 50%, and the rest of 30% will be covered by the local authorities, Romanian government decided Wednesday.

Romanian Liberals Won’t Challenge State Budget Law At Constitutional Court

14:07, 23 Feb. 2009

Romanian opposition leader, Liberal Party head Calin Tariceanu, said Monday after a party meeting that liberals won’t contest the state budget law at the Constitutional Court because that would delay its execution.

Romanian Parliament OKs 2009 State Budget

16:22, 20 Feb. 2009

Romanian lawmakers approved Friday the 2009 state budget after four days of debates.

Romanian Parliament Starts Debates On ’09 Bugdet Tuesday

12:54, 16 Feb. 2009

The Romanian Parliament will start discussions on the 2009 budget draft on Tuesday and the budget might be adopted as soon as Thursday noon, as over 7,000 amendments are to be debated, said Monday Gheorghe Flutur, the vice-president of the Democratic Liberal Party, part of the ruling coalition.