Macroeconomics
Romania January-July Budget Gap Widens Slightly To RON6.97B
Romania’s consolidated budget posted a deficit of 6.97 billion lei (EUR1.55 billion) in the first seven months, equal to 1.15% of the gross domestic product, Finance Ministry data showed Fri...
Government Cuts Investments To Boost Social Spending In Budget Revision
The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion.
BNR: Private Lending Rises To RON231.5B In July
Romanian private lending rose 1.4% to 231.56 billion lei (EUR51.6 billion) in July, from RON227.08 billion a month earlier, central bank data showed Friday.
Government Approves Budget Revision, Raises Social Security Costs
Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the...
Government Pledges To Hold Steady Against Pressure To Relax Fiscal Discipline
Romania’s Government pledged to resist pressure to relax fiscal discipline ahead of parliamentary elections to be organized this fall, as well as to ensure strict discipline of local governm...
Government Pledges To Limit Co-Financing For EU-Funded Projects
Romania's Government will limit spending on co-financing for EU-funded projects, following the interruption of reimbursements, and will not use money from the privatization fund or from Infr...
Romania Will Amend Corporate Governance Law To Speed Up Appointment Of Private Managers
Romania’s Government wants to amend the corporate governance law so professional managers at state-owned companies will be appointed within at most nine months, as well as set a list of thre...
Romanian Economy Loses EUR20B A Year From Workforce Migration
Almost EUR20 billion could go towards consumer spending and the state budget if the 2.5 million Romanians aged over 18 working abroad were employed in Romania, according to ZF calculations t...
Finance Ministry To Reevaluate 212 Projects Receiving RON36B From Budget
Romania's Finance Ministry has identified 212 investment projects, which receive a total of 36 billion lei (EUR8 billion) from the state budget but do not observe efficiency requirements, th...