Cîţu: The official estimate regarding the evolution of the economy remains at minus 1.9% for this year
The official estimate regarding the evolution of the economy in 2020 remains at minus 1.9% until the data of the…
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Florin Cîţu
Cîțu: The Development Bank is part of a strategy to reorganize the entire package of state financial-banking companies
The National Development Bank is part of a strategy to reorganize all the financial-banking companies that the state has and…
Florin Cîţu: Romania will register an economic decrease of 2-3% in 2020
The second quarter had a negative impact on expectations on the Romanian economy, but, as a whole this year, the…
Cîţu: Next Generation EU is an ambitious economic recovery tool
Next Generation EU, worth 750 billion euro, is an ambitious economic recovery tool, which we must implement quickly and efficiently,…
Cîţu: The European Economic Recovery Plan must be implemented quickly and without unnecessary conditionality
The European Economic Recovery Plan must be implemented quickly, without unnecessary bureaucracy and conditionality, focusing on high priorities, investment, the…
Cîţu: Romania managed an economic growth in real terms of 0.3%, which translates into an annual growth rate of 2.7%
The private sector in particular and the economy in general responded perfectly to the measures implemented by the government since…
Cîțu: The economic recovery will start in Q3
The economy will have a strong contraction this year, but the recovery will start in the third quarter and everyone…
Minister of Finance: We will not access any loan from any international institution that comes with conditionalities
Romania will not access any loan from international institutions if it comes with conditionalities, said on Tuesday the Minister of…
Cîţu: We can return at the “stable” perspective, I think, at the next evaluation of Fitch
Romania’s rating outlook will return to “stable” at the next evaluation of the Fitch Ratings, if the programs we have…
IMF predicts that Romania’s economy will shrink by 5% in 2020
The International Monetary Fund (IMF) has revised significantly the estimates of the evolution of the Romanian economy this year, in…
The SME aid scheme should become operational next week
The aid scheme for SMEs should become operational next week, with banks having time until Monday to register, said Finance…
Minister of Finance: A crisis for which there are no lessons from the past; we are ready for new measures
Authorities intend to restart the economy immediately after the emergency ceases, and are prepared to come with other support measures,…
Cîţu: Banks in Romania work on a mechanism for a longer period
Commercial banks in Romania are working on a mechanism for more relaxed conditions for customers, to be applied in the…
Cîţu: We are ready to provide guarantees for SMEs to have access to working capital with zero interest
The executive intends to grant SMEs guarantees to have access to working capital with zero interest, in the amount of…
Florin Cîţu gave up mandate of designated prime minister; interim Government lingers on
Florin Cîţu has folded his mandate as prime minister, few minutes before the vote of the Parliament that would have…
Cîţu: We are prepared with fiscal resources and tools to face any challenge
Romania is ready with resources and fiscal instruments to meet any challenge, and at this moment is important the increase…
Nomination of Florin Cîțu as prime minister does not solve the political crisis
President Klaus Iohannis nominated the current Minister of Finance, Florin Cîțu, as prime minister. Cîțu’s nomination is a new attempt…
Cîţu, MFP: There is no discussions of a pollution tax at this time
I do not think that a pollution tax for cars alone would solve the problem at national level, and my…
CE Oltenia will be closed, if not restructured; Finances sent financial inspection
The Oltenia Energy Complex (CEO) will be closed if it does not follow the restructuring plan it undertook to receive…
Romania ended 2019 with a larger budget deficit, also due to lack of additional dividends
Romania ended last year with a budget deficit of 4.6% of GDP, exceeding the estimates of the authorities in November,…
Minister of Finance: The budget for investments reaches 50 bln. lei
The volume of this year’s investments amounts to 50 billion lei, respectively 4.5% of GDP, but the philosophy will be…
Cîţu: We do not enjoy Exxon’s decision to leave Romania; this Government came in too late
The liberal (PNL) government came too late for ExxonMobil’s interests, which were already in the starting point, and their decision…
F. Cîțu: The elimination of the surcharge reduced the price at the pump; increase of the classic excise duty, an update with inflation
The Ministry of Finance (MFP) has made a change that has been deemed as controversial by some specialists. Immediately after…
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