Macroeconomics
Special Construction Tax Postponed For 90 Days
The introduction of the special construction tax should be postponed for 90 days, sources close to the talks say, during which the government should discuss with the companies directly affec...
Government Adopts Ordinance On Curbing Budget Deficit
The government on Monday announced the adoption of the emergency ordinance aimed at curbing budget deficit to 7% in 2025, as undertaken before the European Commission.
No Special Construction Tax Yet, PM Ciolacu Says
The special construction tax will not be levied unless enforcement guidelines have been issued first and the finance minister has had talks with the major companies that have investments pla...
Eurostat: Romania Posts Highest Annual Inflation Rate In The EU, Of 5.4%, In November 2024
Romania had the highest annual inflation rate, of 5.4%, among European Union Member States, in November 2024, data from Eurostat, the statistical office of the European Union (EU), showed on...
Statistics Board: Romanian Construction Works Down 4.1% YoY In January-October 2024
The volume of construction works in Romania decreased, in unadjusted data, by 4.1% in January-October 2024 and by 3.3% when adjusted for the number of working days and seasonality, data from...
Fitch Ratings Revises Romania's Outlook to Negative Amid Political Uncertainty
Fitch Ratings has revised the Outlook on Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable, and affirmed the IDR at 'BBB-'.
Statistics Board: Romania's Industrial Sales Up 5.2% On The Month In October 2024
Romania’s industrial sales (on the domestic and external markets) increased by 5.2% in nominal terms in October 2024 compared with September 2024, and by 8.2% versus October 2023, data from...
Eurostat: Romania Sees Highest Annual Increase In Hourly Labor Costs In The EU, In Q3/2024
Romania posted the highest annual rise in hourly wage costs among European Union Member States in the third quarter of 2024, at 17.1%, followed by Croatia with 15.1%, Bulgaria with 12.7% and...
Romania’s Public Debt Up To RON916B And 53.1% Of GDP At End-Sept. 2024
Romania’s public debt, in both lei and foreign currency, stood at RON916.7 billion at the end of September 2024, which is nearly 17% higher since the beginning of 2024 and accounts for 53.1%...