budget

Romania’s 11-Mo Budget Def At 2.9% of GDP, On Drop In Revs – Fin Min

18:42, 04 Dec. 2008
Romania’s budget deficit widened to 2.9% of the gross domestic product, or GDP, after the first 11 months, due to a slump in budget revenues in the last two months, following the international crisis, the country’s Finance Minister Varujan Vosganian told MEDIAFAX on Thursday.

Romanian Govt Cuts RON2B From ’08 Budget Exp, Redirects Funds To Pensions, Aids

18:40, 24 Nov. 2008
The Romanian Government will cut more than 2 billion lei (EUR1=RON 3.7985) from 2008's budget expenses of 18 ministries and public institutions, and the funds will be mainly redirected to the Labor Ministry for pensions and state aids, sources told MEDIAFAX Monday.

Romanian Lawmakers To Present Report On ’09 State Budget By Dec 20

15:39, 03 Nov. 2008
The Romanian Chamber of Deputies has received the 2009 state budget draft and lawmakers have until December 20 to issue a report on the draft, Chamber speaker Bogdan Olteanu said in a press release Monday.

Romania To Allocate EUR450M For Transylvania Motorway In ’09 – Sources

13:50, 30 Oct. 2008
Romania will allocate next year some EUR450 million for the Transylvania Motorway, to link central city of Brasov to western Bors, despite assurance from U.S. constructor Bechtel that it can complete works worth up to EUR550 million, people familiar with the matter told MEDIAFAX Thursday.

Romanian Senate Votes For Next Year’s Budget, Worth RON146.439M

13:06, 29 Oct. 2008
Romanian senators Wednesday voted by majority of votes the budget of the Senate for next year, which amounts to 146.439 million lei (EUR1=RON3.7370), of which RON128.173 million will go to staff expenses and to the wage and bonuses fund.

Romanian President Agrees With Higher Wages For Healthcare Sector Employees

12:22, 27 Oct. 2008
Romanian President Traian Basescu said Monday at the meeting with the members of the presidential commission analyzing and drafting policies in the healthcare sector that he agrees with higher wages in the sector, provided wages go hand in hand with professional achievements, just like in the education sector.

UPDATE: Romanian Govt Postpones Approval Of ’09 Budget For Next Wk – Sources

16:24, 22 Oct. 2008
The Romanian Government has postponed for next week the approval of next year’s budget draft, but approved the social security budget, sources told MEDIAFAX.

Romania Defense Ministry Budget Seen At Nearly 1.5% Of GDP In ‘09- Def Min

17:36, 19 Oct. 2008
Romania’s Defense Ministry budget for 2009 is seen at nearly 1.5% of the gross domestic product, or GDP, acting minister Teodor Melescanu said Sunday at the MIL FEST event.

Romanian Govt Ups Budget Allowances For Performance, Mandate Contracts

09:28, 14 Oct. 2008
Budget allocations for mandate or performance contracts concluded by companies under the Ministry of Transport were increased by the Government through the budget revision. Some of the largest sums went to the units Romatsa and the Auto Registry.

Romanian Senators Drafted 2009 Budget, Eye More Money Than Fin Ministry Proposed

16:50, 07 Oct. 2008
Romania senators will benefit, starting 2009, from an integrated application of economic, logistic and human resources management worth 800,000 lei (EUR1=RON3.9277), and an air purifying device for the plenary meeting hall worth RON250,000, according to the Senate's 2009 budget draft.

Tax-Free Stock Mkt Gains To Lower Romania Budget Rev In ’09 –Fin Min

19:34, 03 Oct. 2008
The tax exemption for the Stock Exchange gains reported by the local and foreign investors will lower Romanian budget revenues by 68 million lei (EUR1=RON3.8720) in 2009, Ministry of Economy and Finance announced Friday.

Romania’s Govt Approves Third Budget Revision

18:48, 24 Sept. 2008
Romanian Government approved Wednesday the third budget revision in 2008, maintaining the budget deficit at 2.3% and increasing revenues by RON6.4 billion (EUR1=RON3.6690) and expenses by RON7 billion.

Romanian 7-Mos Budget Def At 0.64% Of GDP

16:04, 21 Aug. 2008
Romania's budget deficit was 0.64% of gross domestic product in the first seven months of 2008, minister of economy and finance Varujan Vosganian said Thursday.

Romania’s 1H Budget Def Rises To 1.18% Of GDP

15:40, 01 Aug. 2008
Romania’s general consolidated budget saw its deficit expanding to 1.18% of gross domestic product after the first half the year, compared with a deficit of 0.4% in January-May period, preliminary data from the Ministry of Economy and Finance showed.

Romanian Govt OKs 2nd Budget Revision In ’08

13:09, 16 Iul. 2008
The Romanian government Wednesday approved the second budget deficit revision this year, giving more funds to Transportation, Economy, Defense and Environment Ministries.

Romania’s 5-Mo Consolidated Budget Switches To Deficit

13:03, 08 Iul. 2008
Romania’s consolidated budget switched to a deficit of 0.39% of gross domestic product after the first five months of the year, compared with a surplus of 0.2% of GDP in January-April period, the Economy and Finance Ministry said Tuesday.

Romanian Jan-Apr Budget Surplus At 0.2% Of GDP

11:37, 03 Iun. 2008
The Romanian consolidated state budget ran a small surplus of 0.2% of gross domestic product in January-April this year, compared with 0.34% of GDP in the same period last year, according to the latest data released Tuesday by the Romanian Finance Ministry.

Romanian Govt To Propose Multiannual Budget This Year –Fin Min

16:00, 24 Mai 2008
The government will propose the parliament a multiannual budget, valid for a two-year period, to include “ambitious” infrastructure projects, Romania’s economy and finance minister Varujan Vosganian Saturday told a press conference in northeastern city of Suceava.

Romania’s Economy Seen Growing 7% In 1Q – FinMin

12:00, 06 Mai 2008
Romania’s economic growth is expected to stand at 7% in the first quarter of 2008, compared with a 6% growth in the first quarter last year, Romanian Finance Minister Varujan Vosganian said Tuesday in a press conference.

Romanian 1Q Budget Surplus At 0.1% Of GDP –Fin Min

12:12, 15 Apr. 2008
Romania’s consolidated state budget ran a small surplus of 0.1% of gross domestic product in the first quarter of this year, Romanian Finance Minister Varujan Vosganian said Tuesday.

Romanian Liberal VP Comments On Gift Vouchers Issue

19:39, 13 Apr. 2008
Teodor Melescanu, vice-president of Romania’s National Liberal Party (PNL) said, referring to the conclusions of the report drawn up by economy and finance minister Varujan Vosganian, that gift vouchers can be granted by the institutions whose budgets include funds earmarked for this purpose.

Romanian Jan-Feb Budget Surplus At 0.21% Of GDP

09:44, 10 Apr. 2008
Romania’s consolidated state budget ran a surplus of 0.21% of gross domestic product in the first two months of this year, data from the finance ministry showed Thursday.

Romania’s Govt May OK Second Budget Revision In June

12:42, 09 Apr. 2008
Romania’s government may revise its consolidated state budget for the second time in June and give more funds to its ministries, following better-than-expected revenues in the first quarter of this year, Romanian Finance and Economy Minister Varujan Vosganian said Wednesday.

Govt Gave Bucharest City Hall EUR3.7M For NATO Summit Prep

13:36, 05 Apr. 2008
The budget that the Romanian Government gave Bucharest City Hall for the organization of the NATO summit, between April 2 and 4 reached some EUR3.7 million, according to Bucharest general mayor Adriean Videanu.

Romania Jan-Feb State Budget Surplus 0.2% Of GDP – FinMin

12:29, 11 Mart. 2008
Romania’s general consolidated budget ran a small surplus of around 0.2% of gross domestic product in Jan-Feb, Romanian Finance Minister Varujan Vosganian said Tuesday during a seminar.

Romanian Govt Postpones Decision On Cutting Budget Expenses

18:35, 05 Mart. 2008
Romania’s Executive on Wednesday postponed making a decision on a draft ordinance aimed at cutting expenses in the public sector, by temporarily blocking new hiring or banning public institutions from purchasing cars and furniture.

Budget Cuts Will Not Affect National Health Programs – Minister

12:26, 04 Mart. 2008
Romanian health minister Eugen Nicolaescu said that the cut by RON433.7 million in the budget of the Health Ministry in the year’s first budget revision would not affect the country’s national health programs.

Romanian Govt Cuts Expenses For Most Ministries

14:53, 03 Mart. 2008
The Romanian government will reduce budgets for nearly all ministries by a total RON2.6 billion (EUR1= RON3.7617) in the year’s first revision of the 2008 state budget.

Romania’s Transylvania Hwy Project Out Of Money, Works Might Cease

16:37, 28 Feb. 2008
The Romanian National Company for Highways and National Roads (CNADNR) has already used up the 2008 budget for the Transylvania highway, connecting central Brasov to northwestern Bors, and works might cease in these conditions, said the general director of the company, Mihai Grecu.

Romania’s 07 Budget Deficit At 2.63% Of GDP – Fin Min

14:20, 28 Feb. 2008
Romania ran a consolidated budget deficit of 2.63% of gross domestic product in 2007, according to European Union calculation methods, Finance Minister Varujan Vosganian said Thursday.

Romania’s Econ Min To Propose PM Tariceanu To Reduce Budget Expenses By EUR1.1B

15:23, 26 Feb. 2008
Romania’s Economy and Finance Ministry will propose to Prime Minister Calin Popescu Tariceanu to cut the expenses by EUR1.1 billion from this year’s budget, without reducing however the budget destined for investments, Finance Minister Varujan Vosganian said Tuesday.

Romanian Econ Fin Min Asks Financial Guard To Focus On Big Game

19:06, 14 Feb. 2008
Romanian economy and finance minister Varujan Vosganian asked the financial guard to redirect control activities towards large tax evasion, especially regarding VAT and excises, and to correctly state the risk zones in the area.

Romanian Govt To Use Budget Gap To Reduce Imbalances With EU

15:14, 29 Ian. 2008
The Romanian government will make the best of its budget deficit ceiling of 3% of gross domestic product and will continue to fund projects in infrastructure, environment and agriculture to reduce imbalances between Romania and other EU states, Prime Minister Calin Tariceanu said Tuesday.

Romania’s Govt Might Lower Expenses In ’08 Budget By March – Fin Min -2-

15:09, 29 Ian. 2008
Romania’s government might approve by March a budget revision that would lower the expenses in the general consolidated budget, Economy and Finance Minister Varujan Vosganian said Tuesday.

Romania’s Budget Def 1.14 % Of GDP In Jan-Nov ’07

12:03, 08 Ian. 2008
Romania’s general consolidated budget reported a deficit of 1.14% of gross domestic product in January-November 2007, the Economy and Finance Ministry said.

Romania’s 2008 State Budget Law Sparks Clash Between Liberals, President

16:45, 29 Dec. 2007
Deputy Alba Nicolae Popa, executive secretary of Romania’s National Liberal Party, or PNL, on Saturday said that liberal MPs plan to call for an extraordinary session in Parliament unless President Traian Basescu promulgates the 2008 state budget law and to require that the law be reexamined.

Econ Min: Romanian ’07 Budget Def 1.4% Of GDP

15:12, 20 Dec. 2007
Romania’s general consolidated budget will report a deficit of 1.4% of gross domestic product at the end of the year, Economy and Finance Minister Varujan Vosganian said Thursday.

Romanian Social Democrats Might Meet PM To Talk ’08 Budget Amendments – Sources

21:02, 11 Dec. 2007
Romanian Social Democratic Party (PSD) president Mircea Geoana, might meet with Prime Minister Calin Popescu Tariceanu and economy and finance minister Varujan Vosganian, to discuss the state budget for 2008, before the document reaches Parliament vote, social democrat sources told MEDIAFAX.

Romania’s 2008 Minimum Wage Set At RON500

11:08, 13 Nov. 2007
The Romanian government, unions and owners’ associations decided to set the 2008 minimum salary at RON500.

Romanian Govt Postpones Budget Revision For Next Week – Sources

16:45, 12 Nov. 2007
Romanian ministers discussed in the government meeting Monday the draft emergency ordinance on this year's third budget revision, drafted by the Ministry of Economy and Finance, and decided to postpone the approval of the document for next week, official sources told MEDIAFAX.