10.06.2015

Romanian central bank governor Mugur Isarescu has warned that further growth in public debt could be dangerous and counterproductive. more

10.01.2015

Romania's budget deficit could stand at 2.2% of GDP next year, following the impact of the country's new tax code, but planned wage hikes in the public sector may push the deficit to more than 4%, more

09.14.2015

Romania's current account balance posted a deficit of 347 million euros after the first seven months, compared with EUR994 million in the same period last year, central bank data showed Monday. more

09.09.2015

Romanian imports maintained a higher growth rate than exports in January-July, widening the country's trade deficit to EUR3.93 billion, data from the country's statistics office showed Wednesday. more

08.20.2015

Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an additional more

07.22.2015

A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to zero, more

07.14.2015

Romania's current account balance posted deficit of 312 million euros after the first five months, compared with EUR424 million in the same period of 2014, central bank data showed Tuesday. more

07.10.2015

Romania’s imports grew more quickly than exports in the first five months of the year and the country’s trade deficit widened to 2.57 billion euros, the statistics office said Friday. more

07.07.2015

Finance Minister Eugen Teodorovici said Tuesday that the Romanian government plans to keep the budget deficit at around 1.2% of the GDP in 2016, as agreed with the international financial more

06.24.2015

Romania’s budget deficit will be higher than the target agreed with the international financial institutions next year, but still below the cap of 3% of the gross domestic product allowed by the more

05.05.2015

Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministry state more

05.05.2015

The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring forecast more

04.28.2015

Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday. more

04.23.2015

The shortage of IT skills and the less and less adequate training of the young people graduating college are the big challenges employers in the Cluj area have to deal with, HR managers said during more

04.21.2015

Romania posted last year the third lowest government deficit in the European Union, of 1.5% of GDP, after Lithuania and Latvia, according to Eurostat data released Tuesday. more

04.01.2015

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12.29.2014

Romania’s consolidated budget turned to a deficit of 0.04% of the gross domestic product after the first 11 months, from a surplus of almost 0.3% of GDP at the end of October, Finance Ministry data more

12.11.2014

Romania’s consolidated budget revenues are estimated for 2015 at 226.36 billion lei (EUR51.5 billion), or 31.9% of the gross domestic product, according to the budget draft published by the Finance more

12.09.2014

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit to more

12.05.2014

The International Monetary Fund and the European Commission asked the Romanian government to bring next year the budget deficit to 0.9% of the gross domestic product, but the local authorities are more

11.30.2014

Romanian government will negotiate with the representatives of the International Monetary Fund and European Commission a deficit of 2-2.1% of the GDP for 2015, while the additional 0.6-0.7% percentage more

11.04.2014

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following more

09.25.2014

Romania’s government deficit slightly rose to 0.24% of the gross domestic product after the first eight months, from 0.2% of GDP at the end of July, as budget spending continued its downward trend. more

09.12.2014

Romania's current account balance posted a deficit of EUR781 million in the first seven months of 2014, versus surplus a year earlier, mainly due to a wider income deficit, central bank data showed more

08.26.2014

Romania’s government deficit narrowed to 0.2% of the gross domestic product after the first seven months, from 0.5% of GDP at the end of June, as budget spending went down. more