Macroeconomics
Romania Budget Gap Widens To RON5B In First 4 Months
Romania’s consolidated budget posted a deficit of 5 billion lei (EUR1.1 billion) in the first quarter, equal to 0.83% of the gross domestic product, Finance Ministry data showed Friday.
Bucharest's Transport Authority To Be Financed With Public Money, Transfer Revenues To State Budget
Bucharest's Metropolitan Transport Authority (AMTB) will transfer to the state budget its revenues from technical assistance, authorization and consulting services, and will be financed enti...
Government Approves New Letter Of Intent To EUR3.5B IMF Deal
The Romanian Government approved Wednesday its latest letter of intent to the International Monetary Fund, which states Romania will raise public sector wages by 8% in June and grant the rem...
Some 3.5 Million Romanians Migrated Over Past 40 Years, Romania Lost EUR40-50 Bln
Over 3.5 million Romanians left their country over the past 40 years, which caused Romania to lose EUR40-50 billion, which is the money spent on their education and social services, Dragos R...
Businesspeople See Romanian Economy Deteriorate In Next Months - Survey
Businesspeople expect Romania’s economy will deteriorate in the next twelve months, impacted mainly by the lack of financing sources and investments, by corruption and delays in developing E...
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...
Treasury Chief Says New Debt Management Plan To Cap Annual Cost Of Public Debt Service
Updating Romania’s public debt management strategy, with an emphasis on limiting the annual rates and interests as share of the gross domestic product, stimulating authorized primary dealers...
Romania To Increase VAT Ceiling, Allow VAT Deductions On Car Purchases - Draft
The turnover ceiling above which Romanian companies have to pay value added tax will be hiked to EUR65,000 and the right to sales tax deductions on car purchases will be limited and, in some...
Romania's Public Debt Nears 40% Of GDP
Romania’s public debt is approaching its sustainability limit, 40% of GDP, the maximum level accepted by investors. At the price of creating a liquidity buffer, the growth of the public debt...