03.13.2019

Romanian lawmakers are set to debate and vote on the 2019 budget bill for a second time on Wednesday after President Klaus Iohannis sent the bill back for re-examination. more

03.13.2019

Romania’s Government passed on Tuesday an emergency decree which sets caps for specific fiscal-budget indicators used in the 2019 state budget bill after a similar Parliament bill was rejected by more

03.11.2019

Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued. more

03.06.2019

Romanian President Klaus Iohannis announced on Wednesday that he will resend the 2019 state budget to the Parliament, after the Constitutional Court rejected his challenge on the bill earlier in the more

03.06.2019

Romania’s Constitutional Court rejected on Wednesday a challenge filed by President Klaus Iohannis against the 2019 state budget bill but approved his separate challenge over a bill that caps more

02.26.2019

Romania's general consolidated budget posted a surplus of RON0.7 billion in January, or 0.07% of gross domestic product, finance ministry data showed Tuesday. more

02.22.2019

Romanian President Klaus Iohannis challenged the 2019 budget bill at the Constitutional Court on Friday, calling it a "budget of national shame" and criticizing the country's Government for ignoring more

02.20.2019

Romanian President Klaus Iohannis criticized yet again the 2019 state budget bill adopted in Parliament last week and said that the current government is "one of imposture", in a message relayed by more

02.19.2019

Romania's government on Tuesday approved a guarantee budget of RON2 billion this year's state-guaranteed First Home program for first time homebuyers. more

02.15.2019

Romanian lawmakers on Friday adopted the 2019 state budget with 275 to 122 votes. more

02.15.2019

Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 from the more

02.14.2019

The combined chambers of the Romanian Parliament approved on Thursday a Liberal Party amendment to the 2019 budget bill which raises allowances for children aged 2-18 to RON150 from the current RON84 more

02.08.2019

Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly optimistic, and targeting a deficit of 2.55% of gross more

02.05.2019

Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in a more

02.05.2019

Romania's draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over the new bank tax, Fitch Ratings said in a report more

02.01.2019

Romania's finance ministry plans to raise the share capital of state-owned CEC Bank by RON940 million, according to the 2019 state budget draft released late Thursday. more

02.01.2019

Romania's government targets a deficit of 2.55% of gross domestic product and expects economic growth of 5.5%, according to the 2019 state budget plan published late on Thursday. more

01.28.2019

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01.28.2019

Romania's general consolidated budget posted a deficit of RON27.3 billion in 2018, or 2.88% of gross domestic product, below the government's target of 2.97% of GDP and the EU limit of 3%, finance more

01.15.2019

Investment fund Black Sea Fund, which targets small and medium-sized companies, with EUR5 to EUR50 million revenue, will be investing in firms able to reach foreign markets, and the investment budget more

12.13.2018

Finance Ministry is delaying publication of the 2019 budget bills, which should have already been debated by the Parliament. On Tuesday night, Finance Minister Eugen Teodorovici provided a few details more

12.11.2018

Romania's draft state budget for 2019 will be based on a gross domestic product of RON1,022 billion, a projected economic growth of 5.5% and a deficit below 3% of GDP, finance minister Eugen more

11.27.2018

Romanian finance minister Eugen Teodorovici said Tuesday the 2019 state budget bill would be sent to Parliament for approval by mid-December, adding the budget will be “more strictly constructed”. more

11.27.2018

Romania's consolidated budget posted a deficit of 2.2% of gross domestic product in January-October, finance minister Eugen Teodorovici said Tuesday, adding the country won't exceed the 3% deficit more

11.22.2018

Romania's finance ministry has drafted this year's second budget revision plan while keeping its budget deficit target at 2.97% of gross domestic product. more