gap
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Lower Than Expected Consolidated Budget Gap in Q2
Romania’s general consolidated budget posted RON19.17 billion or 1.68% of GDP deficit in the second quarter of 2021, RON10.74 billion lower than the RON29.91 billion or 2.08% of GDP forecast.
Bucharest, Cluj And Timis Account For 75% Of 320,000 Hirings In 2009-2018
Three counties accounted for 75% of the total hirings in the past decade, while in 17 counties the number of employees shrank.
Job Creation In 2011-2017 Shows Widening Gap Between Transylvania And Rest Of Romania
Ilfov, Bistrita-Nasaud, Timis, Cluj and Sibiu are the top five counties in Romania by number of new jobs created in 2011-2017, as the growth rate there stood at 24% to 37% compared with a na...
Ursache: Capital Market Can Partly Cover Funding Gap
The capital market can partly cover the funding gap, but there are several factors to be considered, Mircea Ursache, vice-president of Romania’s Financial Supervisory Authority (ASF), told Z...
Gap, World’s 3rd Largest Fashion Retailer, Leaves Romania
Greek-held Marinopoulos has closed down all Gap stores of Romania. The last to be shut down was the one of Baneasa Shopping City, marking the exit from the Romanian market of the US brand, t...
Romania, An Economic Anomaly: Retirees Outnumber Employees
Deindustrialization and the loss of jobs in the last twenty years have caused an anomaly for an economy and society, which has more retirees than employees and can only run on a deficit.