03.31.2013

Reducing the value added tax on bread from 24% to 9% starting 2013 would have a significant impact on the state budget and, although in theory the measure may curb tax evasion in the bread industry, more

03.26.2013

Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesday. more

03.07.2013

Romania meets conditions for repealing the excessive deficit procedure, with the budget deficit sliding below 3% of the gross domestic product in 2012 and likely to stay below that ceiling in 2013 and more

02.25.2013

Romania’s consolidated budget posted a surplus of 1 billion lei (EUR228 million) in January, equal to 0.17% of the gross domestic product, Finance Ministry data showed Monday. more

02.11.2013

Romania’s trade deficit narrowed to EUR9.56 billion in 2012, from EUR9.67 billion a year earlier, as both exports and imports decreased slightly, the country’s statistics institute INS said more

01.25.2013

Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday. more

01.24.2013

Romania’s consolidated general budget posted a deficit in ESA95 terms of 3.3% of the gross domestic product in 2012, above the 3% of GDP limit agreed with the European Commission, according to more

01.22.2013

Romania’s harsh cost-cutting measures implemented in 2009-2011 are finally paying off and the country could exit the European Union’s excessive-deficit procedure in May or June this year, the more

12.21.2012

Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finance more

12.13.2012

Romania’s consolidated budget deficit widened to 1.8% of the gross domestic product at the end of November, from a gap of 1.19% of GDP a month earlier, government sources said Wednesday. more

12.13.2012

Romania's current account deficit narrowed to EUR4.34 billion in the first ten months of 2012, from EUR4.9 billion in the year-earlier period, mainly due to a lower income deficit and higher current more

12.10.2012

Romania’s trade deficit widened to EUR8.26 billion in the first ten months of 2012, from EUR7.68 billion in the year-earlier period, the country’s statistics institute INS said Monday. more

11.26.2012

Romania’s consolidated budget posted a deficit of 7.2 billion lei (EUR1.58 billion) in the first ten months, equal to 1.19% of the gross domestic product, Finance Ministry data showed Monday. more

11.09.2012

Romania plans to lower its budget deficit to 1.7% of the gross domestic product in 2013, from 2.2% of GDP envisaged for this year, deputy finance minister Liviu Voinea said Friday. more

11.09.2012

Romania’s trade deficit widened to EUR7.1 billion in the first nine months of 2012, from EUR6.9 billion in the year-earlier period, the country’s statistics institute INS said Friday. more

11.08.2012

Romania has made good progress on lowering its budget deficit toward 3% of the gross domestic product in 2012, which will create the premises for a ”normalization of the fiscal policies” starting more

11.07.2012

Romania’s consolidated budget posted a deficit of 1.2% of the gross domestic product at the end of October, modestly wider from a gap of 1.18% a month earlier, Prime Minister Victor Ponta said more

10.27.2012

Romania’s Government approved this year’s second budget revision in a special meeting Saturday. more

10.25.2012

Romania’s consolidated budget posted a deficit of 7.17 billion lei (EUR1.57 billion) in the first nine months, equal to 1.18% of the gross domestic product, Finance Ministry data showed Thursday. more

10.10.2012

Romania’s trade deficit widened to EUR6.3 billion in the first eight months of 2012, from EUR6.06 billion in the year-earlier period, the country’s statistics institute INS said Wednesday. more

09.25.2012

Romania’s consolidated budget posted a deficit of 7.11 billion lei (EUR1.57 billion) in the first eight months, equal to 1.17% of the gross domestic product, Finance Ministry data showed Tuesday. more

09.11.2012

Romania's current account deficit narrowed to EUR2.44 billion in the first seven months of 2012, from EUR3.77 billion a year earlier, largely due to a lower gap of the incomes balance and a higher more

09.10.2012

Romania’s trade deficit widened slightly to EUR5.32 billion in the first seven months of 2012, from EUR5.28 billion in the year-earlier period, the country’s statistics institute INS said Monday. more

09.04.2012

Romania’s consolidated budget posted a deficit of 7.16 billion lei (some EUR1.6 billion) in the first eight months, equal to 1.18% of the gross domestic product, government sources said Tuesday. more

08.30.2012

The Romanian government may overshoot its budget deficit target by around 0.8 percentage points because of the upcoming parliamentary elections this fall, according to estimates from the country’s more