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EC points to limited progress in Romania, growth is based on consumption. FinMin Teodorovici vows to reveal the means to keep budget deficit below 3pc of GDP soon

The paradox of social inequities and poverty is ongoing in Romania, although the economic growth is above the EU average, Angela Cristea, Head of the EC representation in Romania, said on Wednesday. “The economic growth is above the EU average. ...

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The spring of our discontent. What is bothering the EU about us?

by Andreea Marinas Concerned that the EU might be “turning a blind eye” to Romania’s shortcomings? Don’t be! Us, the flawed, we are always keeping our closet full of surprises and the EU knows it. When thinking it’s all for ...

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European Commission warns: In the absence of structural reforms, Romania’s buoyant economic growth risks hard landing. Progress on fighting corruption, also jeopardized

The European Commission warns, in its latest country report about Romania, about the risks of incomplete reforms. “In  the  absence  of  structural  reforms  and  fiscal consolidation,  Romania’s  buoyant   economic growth   risks   setting   the   stage   for   a   hard landing. The  current  ...

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EC Country Report Romania 2015: Fiscal policy lacks continuity, predictability and strategic planning

Romania’s fiscal policy lacks continuity, predictability and strategic planning, while the collection rate of VAT remains a concern, reads the European Commission country report for Romania 2015. The report shows that during 2014 social security contributions were reduced by 5 ...

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