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Tag Archives: expenses

Budget deficit of 0.51% of GDP in the first two months

The general consolidated budget went on deficit in the second month of this year, with the execution in the first two months showing a deficit of RON 5.2 billion (0.51% of GDP), down against the negative balance of RON 5.5 ...

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Banks in Romania, less efficient than those in Bulgaria, ECB report says

The banks in Bulgaria have exploitation efficiency by 22% higher than those in Romania and an operational efficiency by 32% higher, whereas the Romanian banks are more efficient by 17% than those in Hungary and by 16% more operationally efficient, ...

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Christmas shopping craze : How Romanians prepare for Christmas

Christmas time is not just family reunions and decorating the Christmas tree. The last few weeks of the year are also a big burden on our home budget since we have to accommodate additional expenses, such as Christmas gifts, food ...

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Gov’t approves second budget rectification this year. RON 9.5bn additional revenues, higher expenses by RON 10.7bn

The Government has approved on Friday the second budget rectification this year, with additional RON 9.5 billion in revenues and RON 10.7 billion in expenses, Finance Minister Eugen Teodorovici said at Victoria Palace. “Budget rectifications are made in order to ...

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9-month budget deficit – 2.2 times larger than last year

The execution of the consolidated state budget in the first nine months of 2018 reveals a deficit or RON 16.8 billion, i.e. 1.77% of the GDP, the Finance Ministry informs on Tuesday. In the same period last year the deficit ...

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1.54pc of GDP budget deficit in 8 months

The execution of the consolidated general budget in eight months of 2018 shows a deficit of RON 14.6 billion, i.e. 1.54% of GDP, more than double against the similar period last year, of RON 6.5 billion (0.76% of GDP), the ...

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INS revises upwards the GDP growth in Q1 2018. Household earnings up by 19.2pc in Q1, expenditures by 20.1pc

The National Statistics Institute (INS) has revised upwards the evolution of GDP in the first quarter of 2018, estimating a 0.1% advance as compared to the fourth quarter of 2017, after the forecast in June revealed stagnation. Seasonally adjusted figures ...

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