LAZEA
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Central Bank Official Warns Tax Decree Might Drive Pension Pillar II Admins Away
Central bank chief economist Valentin Lazea on Monday warned most if not all seven administrators of mandatory private pension funds, known as Pillar II, are looking to pull from Romania over the controversial tax decree 114.
Central Bank Official: Relative Income Inequality In Romania Is Highest In EU
The relative income inequality in Romania is the highest in the European Union and it keeps rising, and people blame it because it affects them, and this only explains why Romanians don’t fe...
Central Bank Official Warns Consumption Will Widen Current Account Deficit
Romania's central bank chief economist Valentin Lazea warned Wednesday that stimulating consumption will widen the country's current account deficit, after the country managed to adjust it b...
Central Bank Official: A 3% Budget Deficit Is Representative For Crisis Periods
A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to z...
Lazea, BNR: Romania Has Highest Household Debt To Disposable Income Ratio In Europe
Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday.