28 nov 2019

Raising the budget deficit from 2.8% to 4.3% of GDP, which the Finance Ministry proposed to be able to close 2019 books, was easy on paper. Now it has to find the money to fund this deficit on the more

18 oct 2019

Europe is suffering from a too low investment level. China is investing more than 40% of its GDP. We in the EU invest half of that volume. We need larger investments everywhere in the EU countries, more

13 dec 2018

Finance Ministry is delaying publication of the 2019 budget bills, which should have already been debated by the Parliament. On Tuesday night, Finance Minister Eugen Teodorovici provided a few details more

3 dec 2018

The first year of implementation of the ordinance transferring social security contributions from employer to employee (No. 79/2017) illustrates un abnormal situation on the labor market, as some more

30 nov 2018

100 years from becoming whole and 29 years from the fall of the communist regime, Romania is at the bottom of the EU ranking by infrastructure, spends the least in the entire EU on healthcare and its more

19 nov 2018

The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target. more

1 oct 2018

Salary spending in the public sector rose 25% in January-August over the year-ago period, as shown by the general consolidated budget figures. The private sector is unable to keep up with the raises more

17 sep 2018

ROCA, the first platform investing in the management of Romanian companies in distress, has attracted five new investors and tripled initial capital to EUR13.5 million. more

11 sep 2018

Economists are beginning to review their economic growth forecasts downwards, after the National Statistics Institute published detail GDP growth data last week. more

13 apr 2018

The annual inflation rate reached 5% in March, the highest rate in the past six years. It went up by 0.3% compared with February, according to the National Statistics Institute data. more

6 feb 2018

Romania's National Prognosis Commission revised the country’s economic growth forecast for 2018 up to 6.1%, from a previous estimate of 5.5% in its fall forecast. more

23 ian 2018

European Funds Ministry has finally published statistics about the absorption of EU funds in 2014-2020 showing that four years after the start the multi-annual planning period, Romania got more

11 dec 2017

The failure to pay to the government the taxes deducted at source becomes a crime punishable by one to six years in prison, according to an emergency ordinance draft published on the Finance Ministry more

7 nov 2017

The Monday meeting during which the government was supposed to discuss its proposed tax changes was postponed until Wednesday after it had already been put off Friday until Monday. more

23 oct 2017

The bill to modify the Fiscal Code to move the tax obligations from the employer to employee does not include any obligation for companies to raise the gross wages of the employees to keep their net more

19 sep 2017

In 2018, when Romania celebrates 100 years since its Great Union, its gross domestic product could reach EUR200 billion, beating Greece’s or Czech Republic’s. more

28 aug 2017

VAT collection has inexplicably worsened in July. While it dropped 4% year-on-year in the first half, in July it went down 8% compared with July 2016. more

7 sep 2016

The IT&C sector had the highest growth in volume of all the sectors that contributed to Romania’s gross domestic product formation in the first half. more

18 iul 2016

Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more

10 mar 2016

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21 ian 2016

Romania’s general consolidated budget switched from a surplus of 5.3 billion lei (EUR1.2 billion) or 0.76% of the gross domestic product in November 2015 to a deficit of about RON9 billion to RON10 more

9 sep 2015

The extended drought that announces a very bad agricultural year is making macroeconomists revise their 2015 growth forecasts downwards. more

28 aug 2015

The Ponta Government announced a record budget surplus of 1% of the gross domestic product, 7 billion lei (EUR1.6 billion) in January-July, some of which it will use for wage raises, while capital more

9 iul 2015

Romania’s European Union fund absorption rate sets at only 51% in June, six months before the end of the reference period 2007 – 2013. This is the lowest absorption rate among European Union more

1 iul 2015

The Romanian Government increased the threshold for net lending to cover the payment requests within the European Union financed projects by 1 billion lei, to a total RON5 billion. more