Romanian Lawmakers Amend Law to Raise 2019 Deficit Target to 2.76% of GDP

02.15.2019
Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 from the previous target of 2.55% of GDP.
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Romanians May Buy Two-Year Household Bonds at 4.5% Interest Starting Nov 26
11.26.2018
Romania's finance ministry has launched a new household bond issue to mark the country's centennial and Romanians may buy two-year bonds at an... more
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Court Invalidates Bucharest City Hall's Decision To Establish Municipal Companies
11.23.2018
The Bucharest Court of Appeals ruled Thursday to invalidate all city hall decisions establishing municipal companies, taken in 2017, following a... more
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Government Readies Second Budget Revision of 2018, Keeps 2.97% Deficit Target
11.22.2018
Romania's finance ministry has drafted this year's second budget revision plan while keeping its budget deficit target at 2.97% of gross domestic... more
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European Commission Urges Romania to Adjust Ballooning Public Deficit
11.21.2018
Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural... more
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Bucharest Subway Employees Go On General Strike Next Week
11.16.2018
Bucharest subway worker unions announced on Friday that they have decided to go on general strike on an indefinite basis, starting with next... more
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Government Adopts Decree Setting Legal Framework For Establishing Sovereign Funds
11.15.2018
Romania's Government on Thursday adopted an emergency decree setting the general legal framework for the establishment of sovereign investment... more
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Bucharest Subway Workers Go On Two-Hour Warning Strike Thursday
11.12.2018
Union leaders of workers from Bucharest’s subway system on Thursday rejected the latest wage increase offer for a new collective bargaining... more

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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.