Macroeconomics
Economist: It’s Up To Romania To Create Climate To Attract Investors; Being EU Member Not Enough
Romania will be able to attract investors provided it creates the right environment, as being part of the European Union is not enough, U.S. expert on transatlantic economy Joseph Quinlan sa...
Romania To Cut Funding For All Ministries Due To Lower-Than-Expected Budget Revenues
Romania’s Government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are 3.8 billion lei (EUR0.85 million) lower than expecte...
Ponta Denies Plans To Raise Flat Tax In 2014
Recent information alleging Romania’s social-liberal ruling coalition USL plans to increase the flat tax from the current 16% to 22%, in a move to boost state budget revenues, has caused qui...
Ponta: Romania To Revise Down State Budget For 2013
Romania will revise down its state budget for 2013 at this year's second budget revision, which is scheduled for end-October, Prime Minister Victor Ponta said Thursday.
Businesspeople In Romania Start Drafting Firms’ Budgets For 2014
Businesspeople in Romania have started to draft next year’s budgets for their companies, but they cannot use the country’s 2014 draft budget as reference point because the latter will be fin...
EU Approves EUR2B Precautionary Financial Assistance For Romania
The European Union Council has approved a new EUR2 billion precautionary financial assistance program for Romania in conjunction with a similar two-year loan from the International Monetary...
Romania Draws EUR700M Under World Bank Loan Facility
Romania drew Wednesday EUR700 million of its EUR1 billion loan signed with the World Bank Group in 2012, Minister-delegate for Budget Liviu Voinea said in a statement.
Romania Private Lending Up 1% To RON223B In September
Romanian private lending edged up 1.1% in real terms to 223.1 billion lei (EUR50.3 billion) in September, from RON221.9 billion a month earlier, central bank data showed Wednesday.
Romania’s Budget Deficit Barely Kept Within The 3% Target In 2012
Romania's 2012 budget deficit was barely kept within the target of 3% of the gross domestic product agreed upon the international financial partners, under the European System of Accounts (E...