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

11.10.2011

The European Commission estimates Romanian budget deficit will narrow to 3.7% of the gross domestic product in 2012, from 4.9% of GDP predicted for this year, provided the government continues its more

11.09.2011

Romania’s trade deficit narrowed slightly to EUR6.89 billion in the first nine months of 2011, from EUR6.98 billion in the same period a year ago, the country’s statistics institute INS said more

11.04.2011

Next year’s economic growth forecast could be set at 2.2% and the budget deficit target at 1.9% of GDP using the Romanian methodology of accounting (cash), according to sources close to the talks more

11.03.2011

Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of the GDP in more

10.31.2011

From 2005 until 2010 Greece’s public debt as a percentage of GDP grew from 100% to 150%. In less than a year, the debt went up by a further ten percent, and is currently at 160% of GDP, which more

10.26.2011

Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on site, a more

10.25.2011

Romania’s consolidated budget posted a deficit of 13.7 billion lei (EUR3.16 billion) in the first nine months, equal to 2.5% of the gross domestic product, Finance Ministry data showed Tuesday. more

10.21.2011

Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern European more