economy

 by Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe   Romania is performing better than most European peers in managing the pandemic, hence it avoided the lockdown for the first quarter of 2021. The…

The Foreign Investors Council (FIC) welcomed the adoption of the budget by the Parliament and considers that it reflects a balanced and favorable vision for Romania's economic recovery. "Through the measures adopted since the beginning of…

Romania's economy will recover by a slightly higher pace than the EU average in 2021 and 2022, according to the winter forecast released today by the European Commission. However, the economic growth projected for Romania in 2022 will be…

USR-PLUS ministers are allegedly discontent with the new draft budget for 2021, after finding that less money had been allotted to their ministries than they had agreed within the ruling Coalition, political sources told the mainstream…

Romanians are braking the consumption, says a recent IRSOP survey conducted during January 18-18, 2021. Only 31% of them spent more last year as against previous years, 47% of them spent the same and 22% spent less. In 2021, 41% of the…

Romania’s economy is set to recover from a fall in output in the first half of the year due to the COVID19 crisis, according to the "Autumn 2020 Economic Forecast" released by the European Commission on Thursday. Although the contraction…

TeraPlast Group is asking for funding of EUR 5.8 million under the state aid scheme for stimulating investments with a major impact on the economy for its EUR 11.8-million project through which it plans to set up a new production facility…

The protracted COVID-19 pandemic has seriously affected Romania’s economic activity and household incomes in the short-run, says the World Bank’s Human Capital Index. "A proactive but constrained fiscal response supported firms to retain…

The Ministry of Public Finance has announced a three-year extension of the GD 807/2014 financing measure,  between 500,000 EUR to 37.5 million EUR of EU funds for Start-ups, SMEs and big companies, the deadline being set to  December 31st,…

Romania has lost EUR 6.595 billion in 2018 from non collected VAT, according to a report on the VAT Gap released by the European Commission. In 2018, the estimated VAT Gaps among Member States ranged from 0.7% in Sweden, to 33.8% in…