05.14.2014

Romania’s economy has likely expanded 3.5% in the first quarter, fueled by industry and domestic consumption, minister delegate for Budget Liviu Voinea said Wednesday. more

04.27.2014

Romania’s consolidated budget posted a deficit of RON900 million, or 0.14% of the gross domestic product, in the first quarter of 2014, down from 0.46% of GDP at the end of February and 0.67% of GDP more

03.26.2014

Romania’s consolidated budget posted a deficit of 3.1 billion lei (EUR693 million) in the first two months of 2014, equal to 0.46% of the gross domestic product, Finance Ministry data showed. more

02.25.2014

Romania’s consolidated budget posted a surplus of 1.5 billion lei (EUR228 million) in January, equal to 0.23% of the gross domestic product, Finance Ministry data showed. more

01.29.2014

Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2.5% of more

01.07.2014

Romania posted a budget deficit of 2.5% of the gross domestic product in 2013, while the economic growth was slightly higher than estimated, Prime Minister Victor Ponta said Monday evening. more

12.23.2013

The latest statistical data for 2013 signal an encouraging macroeconomic trend for 2014, when Romania's economic growth is expected to continue. more

12.09.2013

Romania’s economy has been hit hard by the government’s fiscal consolidation program and by the deleveraging process of foreign banks, but raising the public deficit is not the right strategy to more

11.25.2013

Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed Monday. more

11.11.2013

Romania’s trade deficit shrank 42.4% to EUR4.16 billion in the first nine months of 2013, as imports declined while exports increased, official data showed Monday. more

11.05.2013

Romania has committed to a series of economic and fiscal measures to increase revenues and accommodate a wider-than-expected budget deficit in 2014, an official of the International Monetary Fund said more

11.04.2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more

10.28.2013

Romania's second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously, people close to the matter told Mediafax Monday. more

10.26.2013

Romania’s consolidated budget posted a deficit of 8.1 billion lei (EUR1.81 billion) in the first nine months of 2013, equal to 1.3% of the gross domestic product, Finance Ministry data showed more

10.23.2013

Romania's 2012 budget deficit was barely kept within the target of 3% of the gross domestic product agreed upon the international financial partners, under the European System of Accounts (ESA 95) more

10.18.2013

Mutual funds financed Romania’s budget deficit by purchasing treasury bonds worth more than 6 billion lei (EUR1.35 billion), which translates into almost half of RON12.5 billion worth of assets they more

09.26.2013

Romania’s consolidated budget posted a deficit of 7.92 billion lei (EUR1.77 billion) in the first eight months of 2013, equal to 1.27% of the gross domestic product, Finance Ministry data showed more

09.18.2013

The Romanian government has pledged to take additional measures to keep the country’s budget deficit below 2.3% of the gross domestic product this year following lower-than-estimated revenues in the more

08.26.2013

Romania’s consolidated budget posted a deficit of 6.02 billion lei (EUR1.36 billion) in the first seven months of 2013, equal to 0.96% of the gross domestic product, Finance Ministry data showed more

08.09.2013

Romania’s trade deficit shrank 45% to EUR2.55 billion in the first six months of 2013, as imports declined while exports increased, official data showed Friday. more

07.30.2013

Romania’s government has revised down this year’s consolidated budget revenues by RON2.2 billion and lowering expenses by RON1 billion, raising the deficit to 2.3% of GDP from 2.1% of GDP. more

07.29.2013

Romania will raise the 2013 deficit target to 2.3% of the gross domestic product at this year’s first budget revision due shortly, Prime Minister Victor Ponta said Monday. more

07.26.2013

Romania’s consolidated budget posted a deficit of 6.62 billion lei (EUR1.5 billion) in the first half of 2013, equal to 1.06% of the gross domestic product, Finance Ministry data showed Friday. more

07.18.2013

Romania’s current account deficit will likely shrink to around 2% of the gross domestic product in 2013, central bank deputy governor Florin Georgescu said Thursday. more

07.12.2013

French Prime Minister Jean-Marc Ayrault said it is important that commercial ties between Romania and France have become more balanced, considering that since 2009 Romania has seen a trade surplus of more