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Tag Archives: Eurozone

European Commission maintains 3.8% forecast growth for Romanian economy in 2019. GEO 114 – potential negative costs

In its winter forecast, the European Commission maintains estimates that Romanian economy will grow by 3.8% in 2019, the same as released last year in the autumn forecast. The anticipation for growth in 2020 remains 3.6%, a release posted on ...

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Fiscal Council slams 2019 draft budget, says is „excessively optimistic”

The 2019 draft budget is built on a series of excessively optimistic premises, starting right from the economic growth scenario, followed by the VAT receipts, excise duties, the dynamics of the employees or the gross wage in the competition sector, ...

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Government vows to adopt Euro in 2024, PM says

Romanian PM Viorica Dancila has announced on Wednesday that the Government takes the vow that Romania adopts the Euro by 2024. The Cabinet will soon send the papers on the national plan to adopt the Euro and the supporting documentation ...

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President Iohannis attends the European Council on Thursday and Friday

A Presidential administration release informs that President Klaus Iohannis will attend the European Council works, which is to discuss the negotiations regarding the next EU budget after 2020, issues related to the Union’s internal market, the management of migration, combating ...

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BNR’s Isarescu about euro adoption: “It may take many years. It’s not a sprint race, it’s a marathon”

The National Commission to substantiate the National Euro Changeover Plan will release this December a report on the future decisions and a roadmap, a document about the measures to be taken to reach the target, Mugur Isarescu, National Bank of ...

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SMEs Council says new draft bill on pensions is ‘a time bomb’. Inflation rate, trade deficit, convergence criteria – in danger

The pensions increase by 61% in 2020 is “an electoral present which will lead to economic imbalances, it is a time bomb,” the Honorary President of the National Council of Small and Medium Sized Private Enterprises in Romania (CNIPMMR), Ovidiu ...

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EC, ECB request amendments to the BNR statute, to prevent political influences, PNL Senator says

Liberal Senator, Florin Citu, claims that the European Commission and the European Central Bank request amendments to the National Bank’s statute, so that the Finance Ministry’s representatives are banned from attending the monetary policy sittings, arguing the risk of political ...

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