deficit

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…

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…