Most probably budget deficit weight in GDP will be close to 5 pct in 2021 (Banca Transilvania opinion) Romania will manage to decrease this year from a budget deficit of 9.2 pct of GDP in 2020 to 5.4... 18/06/2021
EY: 66 pct of foreign investors plan to extend operations in Romania this year Two thirds of foreign investors plan to establish or extend their operations in Romania this... 16/06/2021
Budget deficit rises to 1.81% of GDP, after four months this year The consolidated general budget deficit has gone up to 1.81% of the Gross Domestic Product... 27/05/2021
Turcan: No discussion about raising retirement age and contribution period, we reject amateurism of some politicians Minister of Labor Raluca Turcan declared on Tuesday that the increase of the retirement age has... 25/05/2021
Gross domestic product up by 2.8 pct in first quarter of 2021 The Gross Domestic Product increased by 2.8%, as seasonally adjusted series, in the first... 18/05/2021
Gov't passes public debt management strategy capping debt at 50pct of GDP Prime Minister Florin Citu says that a memorandum on the government public debt management... 05/05/2021
Eurostat: Romania had the highest current account deficit in the EU in Q4 The European Union recorded a current account surplus of 110.30 billion euros (3.2% of GDP) in... 09/04/2021
Top economist Daianu: Romania's economic growth will be around 6pct in 2021 Romania will have a respectable rate of economic growth in 2021 that will hover around 6%,... 09/04/2021
BNR: financial assets of the public administration sector, up 3.6 percentage points in Q4 2020 The financial assets of the public administration sector, expressed as a share in the Gross... 08/04/2021
Statistics authority maintains its estimate for 2020 GDP contraction at 3.9 pct In the provisional data released on Thursday, the National Institute of Statistics (INS)... 08/04/2021
Citu: Romania's economy is path of sustainable economic growth Prime Minister Florin Citu says the economy is on a path of "sustainable economic growth," after... 06/04/2021
IMF significantly upgrades its estimate of Romanian economy's growth to 6pct in 2021 The International Monetary Fund (IMF) has significantly upgraded its estimates of Romania's... 06/04/2021
Budget deficit widens to 1.14 pct of GDP by end of February Two months into 2021, Romania's consolidated budget deficit widened to 1.14 percent of GDP from... 29/03/2021
Gov't debt reaches 47.8pct of GDP in end-January 2021 Government debt totalled more than 503.6 billion lei at the end of the first month of this year,... 28/03/2021
Gov't approves 2021 state budget bill The government adopted at its Friday's meeting the bill on the 2021 state budget, which remains... 19/02/2021
Romania's economy contracts by 3.9pct in 2020; GDP declines 1.5pct in Q4 2020 The Romanian economy contracted by 3.9% in 2020, and in the last quarter of 2020 the country's... 16/02/2021
Romania's 2020 GDP estimate decreases to minus 4.4pct Romania's National Commission for Strategy and Prognosis (CNSP) has downwardly adjusted the... 19/01/2021
End-November budget deficit widens to 8 pct of GDP Romania's consolidated budget deficit widened to 8 percent of GDP at the end of November from 7... 29/12/2020
PM Citu: We will build 2021 budget with deficit of 7% of GDP Prime Minister Florin Citu said on Monday that the 2021 budget will be built with a deficit of... 28/12/2020
FinMin Citu: Deficit after first 10 months is 74.04 billion RON, namely 7 pct of GDP The budget deficit after the first ten months of this year stands at 74.05 billion RON, meaning... 26/11/2020
BNR: Adverse effects of pandemic crisis have been relatively limited so far on labor market The adverse effects of the pandemic crisis on the labor market have been relatively limited so... 24/11/2020
Gov't approves third budget revision this year The government approved today this year's third budget revision, which increases the budget... 23/11/2020
Last year, Romania spent 0.48% of GDP on research and development Last year, Romania spent 5.065 billion lei on research and development, the equivalent to 0.48%... 16/11/2020
Romania's estimated 2018 GDP 4.5 pct higher compared to 2017 Romania's estimated GDP in 2018 amounted to 951.728 billion lei in current prices, up 4.5... 09/10/2020
FinMin on GDP: There is very good data to support basic scenario with V-shaped recovery of economy The National Institute for Statistics (INS) has revised upwardly, by 0.2 percentage points, the... 09/10/2020
Business environment reacts to pensions' increase as amended in Parliament An increase in the deficit of up to 11 pct of the GDP, which will be caused by measures recently... 23/09/2020
President Iohannis on budget revision: If what PSD voted were applied, it would cost 6pct of GDP If the vote on the budget revision were applied, this would "cost" over 6 pct of the Gross... 16/09/2020
Local Elections2020/Orban: PSD has bankrupted Romania; generated expenditures of 6.3% of GDP through amendments to revision Chairman of the National Party (PNL), Prime Minister Ludovic Orban, accuses PSD of "bankrupting... 16/09/2020
Four-month budget deficit widens to 2.48 pct of GDP Four months into 2020, the deficit of the general consolidated budget has widened to 2.48... 27/05/2020
EC: Romania's economy to contract by 6% in 2020; government deficit up to 9.2% of GDP Romania's economy is projected to contract by 6% in 2020 after many years of robust growth,... 06/05/2020
Government intends to allocate more than 6 pct of GDP to public investments The Government intends to allocate more than 6% of GDP to public investments in a maximum period... 05/05/2020
Romania's GDP, up 4.1pct in 2019 (INS) Romania's gross domestic product (GDP) increased by 4.1pct in 2019, to 1,059 billion lei in... 07/04/2020
EC says Romania's government deficit will reach 6.1pct of GDP by 2021 The new pensions law is the main factor causing the rapid increase in the general government... 26/02/2020
Romanian economy slows down to 4.1 percent in 2019 The Romanian economy slowed down to 4.1 percent last year, after 4.4 percent in 2018 and 7.1... 14/02/2020
FinMin-designate Florin Citu: We must sort out deficit issue if we want lower interests In order to have lower interests, Romania must sort out the deficit issue, Finance Minister... 13/02/2020
Fin Min Citu: Romania will enter excessive deficit procedure, at earliest in March Romania will fall under the excessive deficit procedure, something that cannot be avoided and... 11/02/2020
PM Orban: Allocation of resources for research must increase, to a level close to 1 percent of GDP Bucharest, Feb 4 /Agerpres/ - The allocations of resources for research must gradually increase,... 04/02/2020
Romania's end-2019 budget deficit at 4.6 pct of GDP Romania closed 2019 with a budget deficit of 4.6 percent of GDP, above the authorities' November... 28/01/2020
Iohannis: NATO is a successful military alliance, we'll keep working to make it even stronger NATO is "a successful military alliance" and Romania will work for the Alliance to grow even... 16/01/2020
INS revises upwards to 4.4 pct estimate on GDP advance in 2018 The National Institute of Statistics (INS) has revised upwards to 4.4 pct the estimate regarding... 20/12/2019
Georgescu (BNR): Currently there are no risks of severe nature to financial stability in Romania At the present moment there are no severe risks to financial stability in Romania, but the... 17/12/2019
CSAT endorses 2020 budget proposals for defence and security institutions Romania's Supreme Council of National Defence (CSAT) endorsed, on Tuesday, the budget proposals... 17/12/2019
7.9 pct of GDP for supporting public pension system and unemployment insurance system, in 2020 The social insurance state budget for the public pension system is set at both revenues and... 17/12/2019
Revenues of 2020 general centralized budget of administrative-territorial units, estimated ay 7.3pct of GDP The revenues of the general centralized budget of the administrative-territorial units for 2020... 17/12/2019
Reduced budget credits for seven ministries in 2020 Nine ministries will receive in 2020 higher budget credits compared to 2019, while for seven... 17/12/2019
2020 budget draft built on economic growth of 4.1 pct and budget deficit of 3.59 pct The draft budget for the year 2020 is built on an economic growth of 4.1 pct, a budget deficit... 17/12/2019
FinMin Citu: I think budget will be presented in Parliament next week; no other taxes in 2020 The 2020 budget is ready, it was built on the legislation and taxes in force, and I think it... 11/12/2019
Expenses for household consumption up 5.3 pct, increasing GDP by 3.3 pct at 9 months Expenses for the final consumption of the population's households increased by 5.3 pct in first... 05/12/2019
Below-3pct deficit only possible with public spending cuts, leaner public sector Without a falling trend in public spending and without a leaner public sector keeping the... 28/11/2019
Budget revenues to drop almost 18.36 billion lei and expenditures 2.09 million lei, at revision The revenues of the general consolidated budget decrease, on the balance, by almost 18.36... 26/11/2019