“The economy is recovering, with an increase of over 4%. Unfortunately, the fiscal sector lags behind, because of the low taxation in the agriculture,” said Dan Lazar, secretary of state at the ministry.
Romania’s third-quarter economy expanded by 1.9% in seasonally-adjusted terms compared with the previous three months and was up 4.5% from the similar quarter a year earlier, according to statistics data released Tuesday.
In the first nine months of 2011, the economy grew at an annualized rate of 2.6% in adjusted terms and at a rate of 2.7% in unadjusted data.