05.29.2013

The European Commission Wednesday recommended Romania be removed from the list of countries with excessive deficits in light of the country’s progress in lowering the budget gap below the bloc’s more

05.27.2013

Romania’s consolidated budget posted a deficit of 7.5 billion lei (EUR1.72 billion) in the first four months of 2013, equal to 1.2% of the gross domestic product, Finance Ministry data showed. more

05.03.2013

Romania, Latvia and Lithuania are “evident candidates” for exiting the European Union’s excessive deficit procedure, European Commissioner for Economic and Monetary Affairs Olli Rehn told a more

05.03.2013

Local government arrears and limited progress with restructuring Romania’s state-owned companies could result into renewed pressure on the country’s state budget, the European Commission warned more

04.26.2013

Romania’s consolidated budget posted a deficit of 4.19 billion lei (EUR966 million) in the first three months, equal to 0.67% of the gross domestic product, Finance Ministry data showed. more

04.22.2013

Romania has reduced its ESA95 budget deficit to 2.9% of the gross domestic product in 2012, from a gap of 5.6% a year earlier, which should allow it to exit the European Union’s excessive deficit more

04.18.2013

The International Monetary Fund (IMF) now expects economic growth of 1.6% for Romania in 2013, down from a 2.5% rise predicted in the autumn of 2012. more

04.09.2013

Romania’s trade deficit narrowed in February to its lowest monthly level in 10 years, with exports rising significantly faster than imports, the country’s statistics institute INS said Tuesday. more

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