03.01.2021

Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 million more

02.18.2021

The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct expenditures and an increase in investments. more

02.12.2021

Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth projection more

02.10.2021

Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61 billion, per the 2021 state budget draft put up for more

02.08.2021

Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the budget bill would be published in the upcoming days. more

02.02.2021

Private equity firm Morphosis Capital hopes to close two or three new deals in 2021, having allocated the same budget as last year, EUR10 million to EUR20 million. more

01.28.2021

Romania's general consolidated budget posted a deficit of RON101.92 billion in 2020, or 9.79% of the gross domestic product, finance ministry data showed. more

01.06.2021

The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed more

01.06.2021

Romania's 2021 state budget bill will reach Parliament on February 4, prime minister Florin Citu said Wednesday. more

01.05.2021

Romania’s Prime Minister Florin Citu announced Monday evening that state-owned companies with losses will receive state budget funds only based on restructuring plans. more

12.30.2020

German-held Kaufland group, the leader of the local grocery retail, opened 10 hypermarkets in 2020, its fastest expansion pace in the last few years, for a total of 138. more

12.29.2020

Romania's general consolidated budget posted a deficit of RON84.05 billion, or 8% of the gross domestic product (GDP), in the first eleven months of 2020, considering that RON43.66 billion (4.16% of more

12.28.2020

Prime Minister Florin Citu on Monday said the salaries of employees in the public sector would be frozen at the level of December 2020. more

11.26.2020

Romania's general consolidated budget posted a deficit of RON74.04 billion, or 7.05% of the gross domestic product, in the first ten months of 2020, finance ministry data showed Thursday. more

11.24.2020

Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous one more

11.24.2020

The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion. more

11.18.2020

Romania's government is revising its budget deficit target to 9.1% for 2020 at an upcoming budget revision, finance minister Florin Citu said Wednesday. more

10.27.2020

Romania's general consolidated budget posted a deficit of RON67.27 billion, or 6.36% of the gross domestic product, in January-September, finance ministry data showed Tuesday. more

09.30.2020

Romania's liberal government is planning a new budget revision by the end of this year and the 2021 state budget will be approved by the future government, as the country holds parliamentary elections more

09.29.2020

Romania's general consolidated budget posted a deficit of RON54.77 billion in January-August 2020, or 5.18% of the gross domestic product, more than half of which was due to financial measures taken more

09.22.2020

Romania's major macroeconomic challenge starting 2021 is adjusting its budget deficit and macroeconomic imbalances as international markets are unlikely to accept large deficits for years to come, the more

08.26.2020

Romania's general consolidated budget posted a deficit of RON49.68 billion in January-July, or 4.7% of the gross domestic product, finance ministry data showed Wednesday. more

08.20.2020

ING Bank Romania has requested additional guarantee funding for loans under the government-backed SME Invest program for businesses after approving a high volume of loans and has tripled its guarantee more

08.14.2020

Romania's liberal government plans to raise pensions by 14% this year through a budget revision decree it will debate Friday, prime minister Ludovic Orban said. more

08.14.2020

Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of GDP, finance minister Florin Citu told a news conference more