GDP
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Can A VAT Cut Be Considered When Drafting The 2012 Budget?
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when econ...
A Budget Deficit Close To Zero May Be Romania’s Best Defense Against International Turmoil
The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it do...
Mission-Impossible For 2012: Deficit Control In The Absence Of EU Funds
There are about three weeks left until government needs to send next year’s budget to the Parliament, but the Finance Ministry still does not know what macroeconomic indicators to use in 201...
Romania Bound To Revise 2012 GDP Growth Estimate - Deputy Finmin
Romanian authorities are very likely to revise their economic growth forecast for 2012, factoring in the developments in the European Union countries, an official of the Finance Ministry sai...
Boc: Romania To Set 2012 GDP Growth Target In October, In Talks With IMF
Romania's economic growth forecast, used in drafting the state budget for next year, will be determined by the Government in October, through consultations with the International Monetary Fu...
Prognosis Commission Ups Romania's 2011 GDP Forecast To 1.7%
Romania’s prognosis commission CNP Tuesday revised upward its economic growth forecast to 1.7% in 2011, from 1.5% previously, saying it expects a positive contribution from farming output.
Analysts Adjust 2012 GDP Forecasts Towards 2%-3%
The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone coun...
Exports Slow Down In July, 2012 Prospects Worsen
Exports continued to slow down in July and, although Romania is for now keeping its economic growth forecast of 1.5%, signals have appeared that problems will worsen next year, given the int...
BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk...