DRAFT
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Romania Drafts 2020 Budget on 3.59% Deficit, 4.1% GDP Growth
Romania's 2020 state budget will be based on a gross domestic product of RON1.129 trillion, a projected economic growth of 4.1% and a deficit of 3.59% of GDP, finance ministry data showed Tuesday.
Government Readies Second Budget Revision of 2018, Keeps 2.97% Deficit Target
Romania's finance ministry has drafted this year's second budget revision plan while keeping its budget deficit target at 2.97% of gross domestic product.
Romanian Govt Expects RON6B in VAT Collections In 3 Years With Split VAT
Romania expects to get RON6 billion in VAT collections in the period 2018-2020, or RON2 billion a year, if it requires separate VAT payment accounts for companies as of January 1, 2018, fina...
Romanian Government Sees 2017 Economic Growth at 5.2%
Romania's social democrat government targets investments of 4.2% of the gross domestic product this year and has drafted the 2017 state budget on an economic growth projection of 5.2%, finan...
Labor Ministry: We’ve Got An Acute Lack Of Jobs And Acute Lack Of Workforce
The Labor Ministry is currently working on a project intended to persuade Romanians living abroad to return and fill vacant jobs in Romania and to make it easier for non-EU workers to work i...
Romania 2016 Budget Targets Deficit of 2.8% of GDP
Romania's 2016 state budget draft considers a deficit of 2.8% of gross domestic product, within the EU limit of 3%, to accommodate tax cuts and wage raises passed by the previous government.
Agriculture, Regional Development, EU Funds, Finance Ministries To Get Most Funds At Budget Revision
The ministries of Agriculture, Regional Development, EU Funds and Finance will receive the bulk of funds at this year’s second budget revision to be operated Friday, in government’s special...
Romania May Scrap Ownership Limit In SIFs
The maximum ownership limit in Romania’s five regional investment funds (SIFs), which currently stands at 5%, could be eliminated, while the ownership threshold in market operators may be ra...
Romania To Have First Draft Energy Strategy By October, Minister Says
Romania's minister-delegate for energy Razvan Nicolescu said Romania will have its first draft energy strategy by October.