deficit

The new rectification draft bill envisages a larger deficit increase than originally thought. Thus, it would increase by 3.266 billion lei, previously (in the initial project) being about 3.224 billion lei. Basically, the authorities…

In January - June 2021, the balance-of-payments current account posted a deficit of EUR 7,040 million, compared with EUR 4,059 million in the same year-ago period, the National Bank of Romania announced today in the "Balance of payments and…

Romania's economy is expected to increase by 5.1% in 2021 and 4.9% in 2022, compared to the forecasts of 3.8% in 2021 and 4% in 2022, as estimated this February, according to the Spring 2021 Economic Forecast published by the European…

The Government has announced today that the state budget draft for 2021 had been sent in Parliament for debate and vote. Liberals would like the budget draft to be adopted by Friday, February 26. According to the procedure, after the…

The new minister of Finance, Alexandru Nazare has received a letter from the European Commission on December 29, 2020, with the authorities in Brussels voicing intention to discuss and collaborate with the Government in Bucharest on the…

Romanian Minister of Finance has announced on Wednesday that the budget deficit has increased by RON 5 billion up to 9.15 of the GDP, after forecast in August had given a deficit of 8.6% of GDP. The economic decline is 4.2%, according to…

President Klaus Iohannis has voiced his optimism regarding the evolution of the domestic economy after a meeting he had with the the PM, Finance minister and the governor of the Central Bank (BNR), Mugur Isarescu, in order to review the…

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…