Macroeconomics
IMF: Romania To Take Steps To Boost Revenues, Accommodate Wider Deficit
Romania has committed to a series of economic and fiscal measures to increase revenues and accommodate a wider-than-expected budget deficit in 2014, an official of the International Monetary...
IMF Official: Lowering Social Security Contributions Not Included In Draft Budget For 2014
Lowering social security contributions in Romania has not been considered in draft budget for 2014 as wages, pensions and public investments represent a priority and any fiscal relaxation on...
IMF: Romania 2013 GDP Growth Forecast Revised Slightly Up
The International Monetary Fund has revised slightly up its forecast on Romania’s economic growth to 2.2% in 2013, from 2% previously, citing a good harvest and better contribution from expo...
Romania Hikes Royalty Rates For Natural Resources
Romanian Prime Minister Victor Ponta on Monday said the government will increase the royalty rates levied on mineral resources other than natural gas and oil in a move to boost revenues to t...
PM: Social Contributions To Be Cut By 5 Pct As Of 2H/2014 If Government Finds Resources
Romania will reduce social security contributions by 5 percentage points in the second half of 2014 if the Government finds by July 1 the financial resources needed to offset the measure's i...
Romania Economy Expected To Grow 2.2% In 2014
Romania’s economy is expected to grow by 2.2% in 2014, slightly better than a 1.9% increase estimated for this year, Prime Minister Victor Ponta told reporters after a meeting with officials...
Romania To Increase Excise Duties Considering Inflation As Of 2014
Romania will increase excise duties as of January 1, 2014 in ratio with inflation and not the currency exchange rate, Prime Minister Victor Ponta said Monday, confirming information publishe...
Romania, IMF Agree On Raising Wages For Resident Doctors, Novice Teachers In 2014
Romania’s government and the International Monetary Fund agreed on increasing the wage fund for resident physicians and teachers at the beginning of their career by 3% to 4% in 2014, people...
Romania, IMF Agree On Main Economic Indicators For 2014 - Sources
Romania and the International Monetary Fund have reached an agreement regarding the country’s main macroeconomic indicators for 2014, including an estimated economic growth of 2.1% and a bud...