Macroeconomics
Romania's Budget Deficit Widens To 1.77% Of GDP After 11 Months
Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finan...
Romania Mulls Hiking Budget Revenues Up To 40% Of GDP By Cutting Taxes
Romania’s designated Finance Minister Daniel Chitoiu aims to increase the level of budget revenues to 38% or 40% of the gross domestic product in 2016, from 32% of GDP in the present, by cut...
INS: Unemployment Rate Down To 6.8% In 3Q
Romania's unemployment rate stood at 6.8% in the third quarter, slightly down from 6.9% in the previous quarter, seasonally adjusted data from the statistics institute INS showed Friday.
2012 – A Wasted Year For An Economy Plagued By Political Turmoil And Insolvencies
The year 2012 is a wasted year because of the political feuds that only served to weaken an economy hurt by the crisis. The hope for an economic rebound is carried over in 2013.
Romania’s New Government Presents Governing Program
Romania’s new Government, which has yet to be endorsed by the Parliament, has presented its governing program Thursday, reiterating many of the promises stated in the country’s standing agre...
New Government Plans To Raise Minimum Wage To RON1,200 Until 2016
The governing program announced by Romania’s new Executive targets to gradually increase the minimum wage to 1,200 lei (EUR268) until 2016.
New Ponta Cabinet Vies To Keep Tax Cut Measures
The governing program unveiled by the Ponta II Government is keeping the main measures aimed to reduce taxes, which were announced by the center-left governing coalition USL before the parli...
Romania Ranks Third In EU Regarding Share Of Low-Wage Earners - Eurostat
Romania is ranked third in the European Union regarding the share of low-wage earners among employees (25.6%) in 2010, after Latvia (27.8%) and Lithuania (27.2%), official data showed Thursd...
Romania Amends Tax Code To Give Mayors Carte Blanche On Tax Increase
The Romanian Government will approve an emergency ordinance amending the Tax Code, which allows mayors to decide whether to increase local taxes and duties by indexing with the inflation rat...