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Tag Archives: deficit

Trade deficit up to EUR 11.344bn in 11 months of 2017

trade deficit

The deficit of Romania’s trade balance (FOB/CIF) reached EUR 11.344 billion in the first 11 months of 2017, up by EUR 2.569 billion against the same period in 2016, the National Statistics Institute (INS) informs on Tuesday. During January 1 ...

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EBRD: Romania to continue to reduce corruption, bureaucracy; external vulnerabilities are increasing


Romania’s economy is growing strongly. However, the budget deficit and trade balance continue to deteriorate and structural reforms are adversely affected by the unstable political environment, European Bank for Reconstruction and Development (EBRD) points out in its Transition Report 2017-2018. ...

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EC asks Romania to correct its deviation from the adjustment path towards the medium-term budgetary objective


The European Commission established that no effective action was taken in Romania to correct its significant deviation from the adjustment path towards the medium-term budgetary objective. The EC proposed that the European Council should adopt a revised recommendation to Romania ...

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Romania’s FDI, in a slight increase after nine months, BNR shows


According to National Bank of Romania (BNR)’s estimates, the non-residents’ direct investment (FDI) in Romania totalled EUR 3,352 million in the first nine months of 2017, compared with EUR 3,307 million in the same period in 2016, of which equity (including ...

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CFA Romania: The cut of contribution to Pension Pillar II endangers Romanians’ welfare over long term


The Chartered Financial Analyst (CFA) Romania criticizes the Government decision to reduce the mandatory contribution to Pension Pillar II from 5.1% to 3.75% as of 2018, and claims that the fall in the relative value of the contribution will lead ...

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PM: Income tax to be 10%, deficit below 3%

income tax

PM Mihai Tudose has stated on Thursday that the income tax will be 10% as announced, while Social Democrat chairman Liviu Dragnea said that deficit would be below 3% in 2017 and below the same threshold in 2018. Asked by ...

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Romania, one of the EU states with deficits equal to or higher than 3 pc of GDP


Three Member States had deficits equal to or higher than 3 percent of GDP last year. It’s about Spain (-4.5 percent), France (-3.4 percent) and Romania (-3 percent), according to Eurostat, the statistical office of the European Union. In 2016, ...

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