budget
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Budget revenues increase by 20%
Revenues of the general consolidated budget went up 20% in the first six months of the year, against the same period of last year. The main public budget divisions reached 13.18 billion euro...
Budget deficit target to go up to 2.5% of GDP
Finance minister Sebastian Vladescu confirmed on Wednesday at the Government headquarters that the budget deficit target for this year would be increased from 0.9% set after the April adjust...
Budget deficit raise expected to pressure balance of payments
The National Bank believes that as long as the money from the increase in the budget deficit from 0.9% to 2.5% of GDP is mainly directed at investment projects, there will be more pressure o...
State budget revenues up 28% in May
The income tax, the VAT and customs duties are leaders of the ranking of the biggest tax collections to the state budget. Revenues of the general consolidated budget (local budgets not inclu...
610m-euro budget surplus in Q1
The general consolidated state budget closed the first quarter of this year with a surplus of 0.68% of GDP, amounting to some 610 million euros. Out of the total revenues equivalent to 6.6 b...
No budget and 10m-euro losses for Rulmentul
Shareholders of Rulmentul Brasov, a bearing manufacturer, did not approve the spending and revenue budget and the company''s investment plan for 2006. These two items on the agenda of the Ge...
Bigger budget for Nuclearelectrica
Nuclearelectrica, the operator of the Cernavoda power station, will receive 96.5 million RON, accounting for 90.6% of the funds allocated to the Ministry of Economy and Commerce (MEC) as a r...
Government miscalculates budget target
The massive cuts in spending for goods and services, as provided for in the budget, are not sustainable and will lead to accumulation of additional arrears. This, combined with the pressure...
Orangina allocates 40% higher promotion budget
Irit Mazor, vice-president of business development for Orangina, says this year''s promotion budget is 40% higher than in 2005. "To strengthen the presence of the brand on the domestic marke...