12.17.2021

Romania’s 2022 state budget was built on a cash budget deficit target estimated at 5.8% of gross domestic product (GDP) and an ESA (European System of Accounts) deficit estimated at 6.2% of GDP, per more

11.25.2021

Romania's general consolidated budget posted a deficit of RON47.98 billion in January-October 2021, or 4.03% of the gross domestic product (GDP), lower than RON74.04 billion, or 7.01% of GDP, in the more

11.15.2021

Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the more

10.26.2021

Romania's general consolidated budget posted a deficit of RON44.29 billion in January-September 2021, or 3.77% of the gross domestic product, lower than RON67.27 billion, or 6.37% of GDP, in the first more

10.21.2021

Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period. more

09.08.2021

International rating agency Fitch has warned the collapse of Romania’s coalition government could disrupt fiscal consolidation efforts, which are key to resolving the Negative Outlook on Romania’s more

08.26.2021

Romania's general consolidated budget posted a deficit of RON33.97 billion in January-July 2021, or 2.89% of the gross domestic product, lower than RON49.68 billion, or 4.71% of GDP, in the first more

07.30.2021

Romania’s general consolidated budget posted RON19.17 billion or 1.68% of GDP deficit in the second quarter of 2021, RON10.74 billion lower than the RON29.91 billion or 2.08% of GDP forecast. more

07.27.2021

Romania's general consolidated budget posted a deficit of RON33.81 billion in January-June 2021, or 2.96% of the gross domestic product, lower than RON45.17 billion, or 4.28% of GDP, in the first six more

06.28.2021

Romania's general consolidated budget posted a deficit of RON26.18 billion in January-May, or 2.29% of the gross domestic product, lower compared with RON38.84 billion, or 3.68% of GDP, in the same more

06.02.2021

Prime Minister Florin Citu said Wednesday that Romania’s consolidated budget deficit returning below the European Union’s 3% ceiling in 2024 was accepted as principal strategy by the European more

05.28.2021

Romania’s finance ministry has launched a new state aid scheme for investments of over RON500 million, aiming to attract 15 large-scale projects. The maximum budget of the state aid scheme is more

05.27.2021

Romania's general consolidated budget posted a deficit of RON20.7 billion in January-April, or 1.81% of the gross domestic product, lower compared with RON26.8 billion, or 2.54% of GDP, in the same more

05.25.2021

La Fantana, one of the leading local suppliers of bottled water for water coolers to companies seeks to expand the production capacity of the plant in Talmaciu, Sibiu County. more

05.07.2021

Romanian state-owned natural gas producer Romgaz (SNG.RO) said in a stock market report Friday that its shareholders approved on May 7, 2021 the company’s individual and consolidated budget of more

04.28.2021

Shareholders of Banca Transilvania (TLV.RO), the biggest lender in Romania by assets, approved Wednesday a share capital hike of RON573.7 million from the lender's 2020 net profit and granting one more

04.27.2021

Romania's general consolidated budget posted a deficit of RON14.6 billion in the first quarter of 2021, or 1.28% of the gross domestic product, lower compared with RON18 billion, or 1.7% of GDP, in more

04.16.2021

Romania's state-owned railway fright company CFR Marfa plans to cut staff numbers by 1,400 this year from over 5,300 at the end of 2019. more

04.15.2021

Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, has budgeted RON366.5 million revenue for 2021, an increase of 7.5% on 2020, as shown in its spending and revenue budget. more

04.12.2021

Germany’s Kaufland group, the leader of the local retail by sales in 2019, according to the latest publicly available data, has a more than EUR375 million investment budget for this year, 25% higher more

03.31.2021

The World Bank expects Romania's economy to grow 4.3% in 2021 and 4.1% in 2022, after contracting 3.9% 2020, while the inflation is expected to grow to 3%, compared with 2.6% in 2020, per a report on more

03.30.2021

Romania's general consolidated budget posted a deficit of RON12.76 billion in January-February 2021, or 1.14% of the gross domestic product (GDP), finance ministry data showed Tuesday. more

03.19.2021

Romania's government on Friday decided to allot RON1.5 billion for this year's state-guaranteed mortgage lending program, which allows homebuyers to buy homes of up to EUR140,000. more

03.03.2021

Romania's general consolidated budget posted a deficit of RON3.69 billion in January, or 0.33% of the gross domestic product, finance ministry data showed Wednesday. more

03.02.2021

Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen wages in more