Cazacu, XTB: The exchange rate will reach 4.99 lei/euro on year-end
The exchange rate will reach 4.99 lei/euro at the end of 2021, with the breaking of the symbolic level of…
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deficit
Budget deficit rose to 4.7% of GDP after the first seven months of 2020
The execution of the general consolidated budget in the first seven months of 2020 registered a deficit of 49.68 billion…
INS: Romania’s trade deficit increased by almost 936 mln. euro in the first six months
Romania’s trade deficit reached 8.665 billion euro in the first six months of the year, increasing by 935.7 million euro…
Cîţu: I guarantee that we will not ask for help from the IMF in 2020
Romania will not ask for help from the International Monetary Fund in 2020, said the Minister of Public Finances, Florin…
The Fiscal Council estimates a deficit of 7.45% of GDP in 2020
The Fiscal Council considers that the macroeconomic scenario based on the Government, built on a decline in real GDP by…
Moody’s estimates decline of only 5% for Romania’s GDP
Moody’s Investors Service expects Romania’s government deficit to reach 7.7% of GDP in 2020, while the level of debt as…
Lower taxes for diesel cost Germany up to 7 bln. euro in 2019
The lower taxation of diesel fuel in Germany cost the country billions of euros in 2019, newspaper Rheinische Post reports.…
The budget project for 2020 is built on economic growth of 4.1% and a budget deficit of 3.59% of GDP
The budget project for 2020 is built on an economic growth of 4.1%, a budget deficit of 3.59% and an…
Fiscal Council: Romania could exceed its deficit target
The target of budget deficit assumed by Romania for the end of 2019 could be exceeded and may oscillate in…
Electrica borrows 71 mln. euro from BRD to finance the cash shortage resulting from investments
Electrica faces a cash deficit due to investments, so it borrowed 320 million lei (about 71 million euro) from BRD.…
The rules for registration of public debt discourage investment in energy efficiency of EU states
Eurostat rules on public debt and deficit have a negative impact on investments in energy efficiency in the public sector…
