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Public debt relative to GDP advanced in July as much as throughout the entire Q2, when pandemic reached its peak. Implications
The public debt officially measured by the Ministry of Finance based on the European methodology advanced only in July 2020 almost as much as in…
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Infrastructure development mega-plan – mega-business for neighbours: Romania must import 1.8 million tons of bitumen
Romania’s big re-launch plan for the next decade places transport infrastructure at the centre of investments, with an allocation of 60% of the total amount.…
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Budget implementation on S1 2020 – a comparative approach related to 2019
The general consolidated budget registered in the first half of the current year a deficit of about RON 45 billion, equivalent to 4.2% of the…
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Siegfried Muresan: The EU is considering the possibility to introduce several types of taxes. The only one on which there is agreement is the one on plastic
At the European level, there is an agreement to introduce a “modest” tax on disposable plastic, a first source of income to support the repayment…
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Long-term interest rate fell below 4%. However, a courageous change of economic vision would be required
Long-term interest rate for Romania fell by almost one percentage point in just two months, according to data released by Eurostat. After increasing up to…
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Mazars study: Romanian tax system versus Covid-19 crisis. Development bases have been created
Budgetary and institutions’ operational constraints generated by the pandemic have subjected the Romanian tax system to significant tensions, which proved its limits, notes the international…
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The sex of angels and the sex of Europe. On the para-ideological enemy at the heart of the EU
Some facts – or what we call “Hypothesis” in Mathematics * What EU is in the global economic and technological competition * The sex of…
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Key changes in GDP formation structure: Trade surpasses industry. GDP advance on Q1 – maintained at 2.4%, gross
The National Institute of Statistics confirmed the economic growth of 2.4% in gross series and 2.7% in seasonally adjusted series for the first quarter of…
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Budget implementation: 5-month deficit increased to 3.59%. From where, how much, how
The implementation of the consolidated budget in the first five months of 2020 registered a deficit of RON 38.8 billion (3.59% of GDP), of which…
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2020 European Innovation Scoreboard: Big problems of Romania, which is by more than 68% behind EU average
Romania remains the weakest innovator in the EU, with a score in last year’s indicator ranking at only 31.6% of the EU’s average performance, according…
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Four warning signals for Romania in 2020 Convergence Report
According to March 2020 data, the EC Convergence Report for Romania points out that the long-term interest rate for convergence purposes was 1.5 percentage points…
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Conditions and mechanism for accessing financing from recovery fund: supervision, indicators, approvals, diplomacy
The European Commission is doubling its efforts to show that Europe has learned the lessons of the past and will avoid now, after the “Great…
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S&P maintains Romania’s rating at level recommended for investments: Romania has access to foreign financing / Fiscal consolidation is inevitable after elections
Rating agency Standard & Poor’s has confirmed the ratings for Romania at ‘BBB minus / A-3’ and maintained the negative outlook. This rating maintains Romania…
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Deleting the red lines in order to re-invent Europe
This article was written on April 15 and has appeared in the May 2020 issue of the publication “Cronicile Curs de Guvernare”. As such, it…
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Surprise in budget implementation for first 4 months: revenues in April were on the rise. Budget deficit – reached 2.5% of GDP
The general consolidated budget registered for the first four months of the current year a deficit of almost RON27 billion, equivalent to 2.48% of GDP…
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NEWS
New Renault boss: “Dacia is a miracle. It's time for the brand to flourish"
Luca de Meo (foto), the new general manager (CEO) of Renault group, considers that Dacia project proved to be a miracle and that no one… Mai mult›
Pentagon transforms Campia Turzii unit into a NATO air hub at the Black Sea
A former Soviet airbase in central Romania could become a hub for US Air Force operations in south-eastern Europe, where the Pentagon is seeking to… Mai mult›
Nuclearelectrica shareholders approved to terminate negotiations with Chinese for building reactors 3 and 4 from Cernavoda
Nuclearelectrica's Board of Directors has been mandated to initiate proceedings to terminate negotiations with China General Nuclear Power Group (CGN), as well as legal effects… Mai mult›
Renault holds expansion of its plant in Romania, 15,000 jobs cancelled at global level
"Putting capacity growth projects planned in Morocco and Romania on hold" - is one of the measures included in the draft plan of Renault Group… Mai mult›
Romania is a net importer of electricity in 2020 as well
Romania imported an amount of electricity of almost 796 GWh in the first month of this year, by more than 36% above what it exported… Mai mult›
Shareholders of Galati steel plant promise investments of one billion euros
GFG Alliance has committed to invest one billion euros to upgrade Galati steel plant in order to reduce emissions and increase production. Another EUR 1… Mai mult›
Transport Ministry announces it has sent to Brussels the financing request for Sibiu - Pitesti highway
The Transport Ministry, as the Intermediate Body in Transport, approved the financing request for the project "Construction of Sibiu - Pitesti highway", Sections 1, 4… Mai mult›
Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA
(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult›
Top 3 reasons why young people leave Romania
Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult›
IMM Invest Romania – program implementing rules have been published
The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult›
Pollution import and car park expansion: comparisons with the other EU states
Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult›
Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks
The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult›
Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor
French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult›
Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways
Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult›
Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals
Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult›
ANAF changes selection procedure for liquidators. Main changes
The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult›