deficit

The European Commission has announced today in its Report on Romania that kicking off the Excessive Deficit Procedure against our country is "justified" as the Romanian Government did not succeed in complying withe the 3% deficit enshrined…

Software Development Academy (SDA), an IT programming school for adults in the Central and Eastern Europe, estimates that companies in Romania invest a minimum 43,665 lei into the process of recruiting and onboarding a single IT specialist.…

Romania will enter an excessive deficit procedure, most probably in March, the interim Finance minister Florin Citu has announced. The minister blamed the former PSD ruling for that, explaining that it was the expenses and loans of the…

The government’s planned deficit of 3.6% of GDP for 2020 remains expansionary despite minor adjustments. Pension reforms and a return to fiscal prudence are keys for preventing a further deterioration in Romania’s creditworthiness, says…

Euler Hermes, the global leader in commercial credit insurance and a recognized specialist in collateral and debt collection, released a study about the country risk of Romania, a country with a GDP of 240 billion USD, ranking 47, according…

The incumbent minister of Finance, Liberal Florin Citu has accused in a press conference on Monday that his predecessor, Social Democrat Eugen Teodorovici had known since April that the budget deficit might exceed 4 percent out of GDP. Citu…

The Government has approved in its Thursday sitting thee budget amendment draft, with Finance minister Florin Citu announcing that the budget deficit for this year stands at 4.4%. Two days ago the Executive considered a deficit of 4.3%, but…

President Klaus Iohannis has stated on Tuesday that the deficit this year will get over 4 pc, adding that the budget equation is also complicated and that the former government did not foresee money for pensions in the budget. "The prime…

The deficit of the general consolidated budget for 2019 will rise to 4.3 percent of the Gross Domestic Product (GDP) after the second budget revision. Such portfolios as Labour, Health, Regional Development, Finance and Business Environment…

The new minister of Finance Florin Cîţu has announced on Thursday that the situation of the country's budget and economy exceeds the most pessimistic expectations, accusing that the economy has been led on two budgets in the past 3 years,…