04.27.2012

The spectacular rise of collection from the corporate tax and the higher amount attracted to the budget in March from individual income taxes contributed to the rise of budget revenues by 16.2% more

04.26.2012

Romania’s consolidated budget posted a deficit of 3.4 billion lei (EUR776 million) in the first quarter, equal to 0.56% of the gross domestic product, Finance Ministry data showed Wednesday. more

04.25.2012

Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from markets for fear more

04.12.2012

Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank data more

04.02.2012

Achieving the deficit target of 1.9%-2.1% of the gross domestic product in 2012 will entail a freeze in public sector wages and pensions and will not leave room for cuts in VAT or social security more

03.26.2012

Romania’s consolidated budget posted a deficit of 2.7 billion lei (EUR618 million) in the first two months, equal to 0.44% of the gross domestic product, Finance Ministry data showed Monday. more

03.22.2012

Romanian trade deficit will widen by 25% to EUR9.97 billion in 2012, as imports will grow twice as fast as exports, according to estimates from the National Prognosis Commission. more

03.13.2012

Romania's current account deficit narrowed to just EUR37 million in January from EUR139 million in the same month a year earlier, due mainly to the increase in current transfers surplus and the more

03.01.2012

Romania must cover its social security budget deficit by creating new jobs, because raising taxes will only encourage tax evasion, central bank governor Mugur Isarescu said Thursday. more

02.09.2012

Romania’s trade deficit widened slightly to EUR9.72 billion in 2011, from EUR9.53 billion a year earlier, the country’s statistics institute INS said Thursday. more

02.01.2012

Heads of state and of government in the European Union have sought once again in Brussels to prove to markets that they can work together to find solutions to the debt crisis. Politicians, among them more

01.31.2012

The Government is caught in the middle of electoral pressure, street protests and forecasts of an economic growth slowdown. Monday morning, with the International Monetary Fund breathing down its more

01.30.2012

President Traian Basescu announced last night, before leaving for the European Union summit, whose main agenda is to reach agreement on deficit rules in the European Union, that Bucharest will accept more

01.26.2012

Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday. more

01.17.2012

Romanian consolidated budget posted a deficit of 4.35% of the gross domestic product in 2011, just shy of the government’s target of 4.4% of GDP agreed with the International Monetary Fund, more

01.10.2012

Romania's Minister of European Affairs, Leonard Orban, said Tuesday that a suggestion was made in the negotiations on the future inter-government treaty, whereby states with foreign debt below the more

01.04.2012

Romania posted an economic growth close to 2% in 2011 and it has kept the budget deficit below the target of 4.4% of the gross domestic product, Prime Minister Emil Boc said Wednesday. more

12.27.2011

Romania’s consolidated budget posted a deficit of 16.9 billion lei (EUR3.9 billion) after the first 11 months, equivalent to almost 3% of the gross domestic product, a Finance Ministry official said more

12.21.2011

Romania's structural deficit will drop from 2.8% of the gross domestic product this year, to 0.1% of the GDP in 2012, thus respecting the 0.5% limit established in the latest European summit, more

12.14.2011

Romanian foreign direct investments, or FDI, amounted to just EUR133 million in October, while the EUR1.3 billion recorded in the first ten months covered only 32% of the current account deficit. more

12.12.2011

Romania will be able to finance the budget deficit set for next year at 1.9% of the gross domestic product by borrowing money from foreign and the local market, Prime Minister Emil Boc said Monday, more

12.11.2011

Romania and the International Monetary Fund have agreed to raise to 27 from 10 previously the number of public companies whose financial results must be included next year in budget deficit more

11.28.2011

Romania’s consolidated budget posted a deficit of 13.3 billion lei (EUR3.05 billion) in the first ten months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. more

11.14.2011

The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax collection more

11.10.2011

Romanian President Traian Basescu said Thursday, in a meeting with German businesspeople, that Romania's objective is zero budget deficit in 2013. more