Results 451 - 475 from 503 for "deficit"
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EU: Romania 2012 Deficit To Narrow To 3.7% Of GDP
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
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Romania Jan-Sep Trade Deficit Narrows To EUR6.89B
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
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2012 Targets: 2.2% Economic Growth And Budget Deficit Of 1.9%/GDP
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
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Basescu: 2012 Budget Targets Deficit Of 1.9% In Cash Terms
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
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What Romania Must Learn From The Sovereign Debt Crisis: Keep Public Debt Under Control
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
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Tough Month For Government: How Will Romania Escape The Approaching Storm?
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
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Romania Budget Gap Widens To RON13.7B In September
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
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Eurostat Withdraws Reservation On Romania Deficit Data
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Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the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
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Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month
10.11.2011
The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take more
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UniCredit: Romania’s Funding Needs To Leap By 34% Next Year
10.05.2011
Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year. more
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Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
10.03.2011
Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and state more
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Can A VAT Cut Be Considered When Drafting The 2012 Budget?
09.27.2011
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when economic more
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Romania Budget Deficit Widens To RON12.9B In August
09.26.2011
Romania’s consolidated budget posted a deficit of 12.97 billion lei (EUR3.01 billion) in the first eight months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. more
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A Budget Deficit Close To Zero May Be Romania’s Best Defense Against International Turmoil
09.23.2011
The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it down as more
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Mission-Impossible For 2012: Deficit Control In The Absence Of EU Funds
09.22.2011
There are about three weeks left until government needs to send next year’s budget to the Parliament, but the Finance Ministry still does not know what macroeconomic indicators to use in 2012 and more
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BNR Official: Budget Gap To Miss 2012 Target, Even In Best-Case Scenario
09.10.2011
Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea. more
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Erste: We Financed Your Deficit Because We Had A Strategic Interest In Romania
08.16.2011
The strategic interest of Austria’s Erste Group in Romania allowed the government to get financing at good rates, says Manfred Wimmer, chief financial officer of Austrian group that controls BCR, more
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Fiscal Council Denounces Government’s Fiscal Strategy Again
08.12.2011
The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel expense more
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Romania's Current Account Gap Narrows To EUR2.6B In 1H
08.11.2011
Romania's current account deficit narrowed 28.6% to EUR2.6 billion in the first six months, from a gap of EUR3.6 billion in the year-earlier period, due to lower trade deficit and higher transfer more
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Pension Reform Widens Pension Fund Gap By EUR1B. What Did The Reform Mean, Then?
08.11.2011
The much-talked about pension reform is adding EUR1 billion to the pension fund gap. While last year, during discussions about the new pension law, officials maintained reform would mean adding more
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INS: Romania 1H Trade Gap Narrows To EUR4.54B
08.09.2011
Romania’s trade deficit narrowed to EUR4.54 billion in the first six months of 2011, from EUR4.88 billion in the same period a year ago, the country’s statistics institute INS said Tuesday. more
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Finance Ministry: 1H Budget Gap At RON11.3B, Meets IMF Target
07.25.2011
Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday. more
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Boc Says Romania's Economy Will Grow 4% In 2012
07.12.2011
Prime Minister Emil Boc said Romania’s economy is expected to grow by 1.5% to 2% this year, and by 3.5%-4% next year. more
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INS: Romania Trade Deficit Narrows To EUR3.64B In Jan-May
07.11.2011
Romania’s trade deficit narrowed to EUR3.64 billion in the first five months of 2011, from EUR3.93 billion in the year-earlier period, the country’s statistics institute INS said Monday. more
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Goods And Services Expenses Up 20%, Personnel Expenses Down 20% In May
06.28.2011
May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 million), more