CONVERGENCE PROGRAM
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Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt
Romania’s Finance Ministry has drawn attention, in the Convergence Program for 2020, on an estimated increase in pension costs in coming years, against the backdrop of ageing population and the indexation of the pension point and recalculation based on a new f...
Convergence Program: Romania Public Debt To Reach 40.9% Of GDP End-2020, Below 60% Limit Under Maastricht Treaty
Romania’s government debt, under the EU methodology, reached 35.2% of the gross domestic product (GDP) end-2019, and is expected to reach 40.9% of the GDP in 2020, given the nearly 1.9% econ...
Convergence Program: Romania GDP Seen Down 14.4% In 2Q/2020; Return To Slight Economic Growth Expected In 3Q
Romania’s gross domestic product (GDP) is expected to contract 14.4% in the second quarter of 2020 (April-June), followed by return to slight growth, of nearly 1%, in the third quarter of 20...
Tax Increases Could Shadow Romania Private Consumption Recovery
Romanian private consumption is set to pick up in the coming period, following sharp reductions in the previous years, but recovery could lag behind due to possible tax increases and higher...