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Macroeconomics

BNR Official: Budget Gap To Miss 2012 Target, Even In Best-Case Scenario

Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea...

Radu Bostan · 10.09.2011 · 14:07 · 1 min
Macroeconomics

Romania's Current Account Gap Narrows To EUR2.6B In 1H

Romania's current account deficit narrowed 28.6% to EUR2.6 billion in the first six months, from a gap of EUR3.6 billion in the year-earlier period, due to lower trade deficit and higher tra...

Bogdan Neagu · 11.08.2011 · 10:54 · 1 min
Social/Politics

Pension Reform Widens Pension Fund Gap By EUR1B. What Did The Reform Mean, Then?

The much-talked about pension reform is adding EUR1 billion to the pension fund gap. While last year, during discussions about the new pension law, officials maintained reform would mean add...

Iulian Anghel · 11.08.2011 · 00:00 · 2 min
INS: Romania 1H Trade Gap Narrows To EUR4.54B
Macroeconomics

INS: Romania 1H Trade Gap Narrows To EUR4.54B

Romania’s trade deficit narrowed to EUR4.54 billion in the first six months of 2011, from EUR4.88 billion in the same period a year ago, the country’s statistics institute INS said Tuesday.

ZF English · 09.08.2011 · 10:00 · 1 min
Macroeconomics

Finance Ministry: 1H Budget Gap At RON11.3B, Meets IMF Target

Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monda...

Florentina Dragu · 25.07.2011 · 16:58 · 1 min
Macroeconomics

Goods And Services Expenses Up 20%, Personnel Expenses Down 20% In May

May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 milli...

Claudia Medrega · 28.06.2011 · 00:00 · 2 min
Health

Romania Could Reduce Taxes For Doctors To Encourage Retention

Romanian authorities could encourage doctors to stay in the country by reducing taxes, like they do for IT specialists, private healthcare provider Regina Maria suggests.

Radu Bostan · 09.06.2011 · 14:37 · 1 min
Macroeconomics

Ialomitianu: Budget Deficit Widens To RON6.7B In May

Romania’s consolidated budget posted a deficit of 6.7 billion lei (EUR1.6 billion) in the first five months, equal to 1.2% of the gross domestic product, Finance Minister Gheorghe Ialomitian...

Florentina Dragu · 07.06.2011 · 20:29 · 1 min
Over 1,000 Doctors Left Romania In First Four Months Of 2011
Health

Over 1,000 Doctors Left Romania In First Four Months Of 2011

More than one thousand doctors left Romania in the first months of 2011, 30% of them family doctors, Viorel Radulescu, general secretary of the Romanian Doctors' College (CMR), said Saturday...

Radu Bostan · 29.05.2011 · 12:51 · 1 min