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Romania Agrees With IMF, EU On 2015 Budget Deficit Of 1.8% of GDP
Macroeconomics

Romania Agrees With IMF, EU On 2015 Budget Deficit Of 1.8% of GDP

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit...

Bogdan Neagu · 09.12.2014 · 17:31 · 2 min
European Commission Sees Romania Out of Recession In 3Q
Macroeconomics

European Commission Sees Romania Out of Recession In 3Q

Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technic...

Bogdan Neagu · 04.11.2014 · 17:48 · 1 min
EU Warns Romania’s Budget Deficit Will Widen To 2.8% Of GDP In 2015
Macroeconomics

EU Warns Romania’s Budget Deficit Will Widen To 2.8% Of GDP In 2015

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down f...

Bogdan Neagu · 04.11.2014 · 16:02 · 1 min
EU Cuts Romania GDP Growth Forecast To 2% In 2014
Macroeconomics

EU Cuts Romania GDP Growth Forecast To 2% In 2014

The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter.

Bogdan Neagu · 04.11.2014 · 14:09 · 1 min
Romania’s Debt To International Lenders Down To EUR9B
Banks-Insurance

Romania’s Debt To International Lenders Down To EUR9B

The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this...

Loredana Frățilă-Cristescu · 24.10.2014 · 00:00 · 2 min
Romania Had Biggest VAT Gap In EU In 2012 - EC Report
Analysis

Romania Had Biggest VAT Gap In EU In 2012 - EC Report

An estimated EUR177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission, of which Rom...

Oana Gavrila · 23.10.2014 · 14:48 · 1 min
EC Opens Three Infringement Proceedings Against Romania
Social/Politics

EC Opens Three Infringement Proceedings Against Romania

The European Commission on Thursday opened three infringement proceedings against Romania for failing to fully transpose EU legislation on rail safety, implement regulatory rules regarding i...

Ecaterina Craciun · 16.10.2014 · 15:28 · 3 min
European Commission Takes Romania To Court Over Mining Waste
Energy

European Commission Takes Romania To Court Over Mining Waste

The European Commission Thursday said it is taking Romania to Court for a failure to comply with EU legislation on mining waste, namely waste resulting from the extraction, treatment and sto...

Gabriela Stan · 16.10.2014 · 15:24 · 1 min
EC Approves Romania's Support Scheme For Large Electricity Consumers, Minister Says
Energy

EC Approves Romania's Support Scheme For Large Electricity Consumers, Minister Says

Romania’s Economy Minister Constantin Nita said the European Commission on Wednesday approved the state aid scheme aimed at supporting large energy consumers.

Ecaterina Craciun · 15.10.2014 · 14:20 · 1 min