Mains

BNR – Risk map: Credit default risk got right to “high” level top position

The deterioration of investors’ confidence in emerging economies and the default risk of loans to companies and population are the biggest risks to financial stability… Mai mult›

A (new) paradox: Public debt decreases as a share of GDP – cost increases with interest to what we borrow. Remarks

Although medium- and long-term foreign debt (DETML) has declined steadily over the last four years related to GDP, the amount paid for this debt has… Mai mult›

Current account deficit – 15% higher after first four months of 2018

The current account of the balance of payments registered a deficit of EUR 2,053 million in the first four months of this year, about 15%… Mai mult›

We and Juncker Plan: Bulgaria – 3rd position, Romania – 23rd position. How other neighbours are doing

The value and economic impact of the Romanian projects to attract resources from the so-called “Juncker Plan” of European investments are much lower, compared to… Mai mult›

Sovereign Fund has been voted: Mechanism to remove “states’ pearls” from public control

The voting machine of the Chamber of Deputies (decision chamber) approved on Wednesday – 174 votes for, 98 against and 3 abstentions – the Law… Mai mult›

Increase of labour cost, triple compared to GDP growth

The hourly labour cost increased in the first quarter of 2018 by 12.72% compared to the same period in 2017, according to the data announced… Mai mult›

Q1 2018 – 4% economic growth compared to Q1 2017, stagnation compared to the previous quarter

The National Institute of Statistics confirmed the last mid-month signal estimate and announced a 4.0% increase in the Gross Domestic Product for the first quarter… Mai mult›

IMF, four recommendations and a warning to Romania: Economy is showing signs of overheating

The International Monetary Fund (IMF) recommends Romania a “comprehensive revision of the tax system,” according to the institution’s 2018 annual report. The recommendation has been… Mai mult›

Romania, out from list of EU pilot project for increasing absorption of European funds. Commission to help Bulgaria, Poland, Croatia, Greece and Spain

The European Commission (EC) has selected five national or regional authorities from Greece, Spain, Poland, Bulgaria and Croatia to be part of a pilot project… Mai mult›

Cohesion funds: Romania, Greece and Bulgaria, only ones in EU with allocations increased by 8%. Other side of coin: Commission links access to money with economic and structural reforms

Brussels has decided to reform the way of spending one of the largest “slices” of the Community budget – cohesion policies (about one-third of… Mai mult›

20% of Romania’s active population is working abroad, while European average of mobile population is 3.8%

The share of Romanians who left abroad in the total active population (aged between 20-64) almost tripled in 10 years – from 7.5% in 2007,… Mai mult›

Convergence: Romania only meets one of four economic criteria for adopting euro

“The report concluded that Romania currently meets one of the four economic criteria necessary for adopting the euro, namely the criterion related to public finances.… Mai mult›

Income inequality in EU states: Romania goes down to 3rd position

The inequality of income distribution in Romania has diminished in the last two years, and official statistics rushed to send out the improvement in this… Mai mult›

Pension Pillar 2: Effects of reducing contributions on large Romanian companies. Danger and solution

Reducing contributions to Pillar 2 of the pension system will also amputate the contribution to future private pensions resulting from investments in large Romanian companies.… Mai mult›

Romania as a market. How important we are to Hungary, Poland, Slovakia

According to data published by the National Institute of Statistics, Romania’s trade exchanges with Hungary, Poland and Slovakia caused almost 43% of the deficit registered… Mai mult›

Subsidy of RON 900/month for employing a graduate based on contracts of indefinite duration

The National Agency for Employment (ANOFM) grants subsidies of RON 900/month to employers who employ graduates of educational institutions, with contracts of indefinite duration, within… Mai mult›

C.P. Tariceanu, before the heads of Senates from EU: The European Commission has encouraged the parallel state, in Romania it is like in the 50's

Calin Popescu Tariceanu (foto) delivered a very tough speech on Friday, in the Senate, addressed to the European Commission, which he accused of encouraging the… Mai mult›

National Bank of Romania wants to lower indebtedness limit in granting loans to individuals

The National Bank of Romania (BNR) sent to banks for consultation a draft amending Regulation 17/2012, which provides for a consistent lowering of the indebtedness… Mai mult›

High impact provisions: Senate has adopted PSD-ALDE amendments to the Code of Criminal Procedure

Senators adopted on Wednesday the draft for amending the Code of Criminal Procedure, by 74 votes for to 28, against. The bill goes to the… Mai mult›

RBL: Workforce crisis is worse than economic crisis - 3.4 million Romanians have left the country in last 10 years

Migration is one of the most serious problems facing Romania at this time, along with the lack of infrastructure. However, the return of Romanians to… Mai mult›

World Bank: Romania's economy could grow by 5.1% in 2018

Romania's economy could grow by 5.1% in 2018, according to the World Bank summer forecast. The estimate has been improved by 0.6 percentage points above… Mai mult›

Ministry of Energy: Natural gas from Black Sea will be exported through Onesti - Isaccea - Negru Voda network

The Ministry of Energy issued for Transgaz the construction permit for the consolidation of the transport system between Onesti (Bacau) and Isaccea (Tulcea) and for… Mai mult›

Energy productivity: Romania goes up within Central European group

Romania reached 56% of the EU's average energy productivity in 2016, compared to only 43% in the year of the accession, according to data released… Mai mult›

Document / Public procurement - Changes made by OUG: how to calculate guarantees, values over which contract must be publicly announced, how to change contract without resuming procedures

Under the promise of reducing bureaucracy and increasing efficiency in the public procurement procedure, the Government approved on Thursday an emergency ordinance that brings essential… Mai mult›

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