DEFICIT
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Foreign Direct Investments In Freefall
Romanian foreign direct investments, or FDI, amounted to just EUR133 million in October, while the EUR1.3 billion recorded in the first ten months covered only 32% of the current account def...
Boc: Accessing IMF Money To Finance Budget Deficit Not Desirable
Romania will be able to finance the budget deficit set for next year at 1.9% of the gross domestic product by borrowing money from foreign and the local market, Prime Minister Emil Boc said...
Romania Extends List Of Companies That May Alter Deficit
Romania and the International Monetary Fund have agreed to raise to 27 from 10 previously the number of public companies whose financial results must be included next year in budget deficit...
Romania Budget Gap Narrows To RON13.3B In October
Romania’s consolidated budget posted a deficit of 13.3 billion lei (EUR3.05 billion) in the first ten months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday...
Government Bets Again On 7% Rise In Budget Revenues
The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax...
Basescu: Romania Aims To Have Zero Budget Deficit In 2013
Romanian President Traian Basescu said Thursday, in a meeting with German businesspeople, that Romania's objective is zero budget deficit in 2013.
EU: Romania 2012 Deficit To Narrow To 3.7% Of GDP
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 continu...
Romania Jan-Sep Trade Deficit Narrows To EUR6.89B
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...
2012 Targets: 2.2% Economic Growth And Budget Deficit Of 1.9%/GDP
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...