Mains

Romania’s budget issue: toxic mix of “American” revenues and “European” spending

Relatively recently joined the functional market economies club, although it has multiple pending development (not just economic) issues, Romania looked around and chose a poisonous… Mai mult

Spectacular GDP growth in Q1: 5%, in the context of rhythm decline in manufacturing to just 1.2%. Dilemmas

Gross Domestic Product for the first quarter of 2019 increased by 5% in real terms compared to the same period of the previous year (5.1%… Mai mult

Equation of public employees in Romania’s expenses compared to EU

Simply put, data recorded over time in the monthly budget implementation published by the Ministry of Finance indicate a share of staff costs in total… Mai mult

Foreign groups of enterprises in Romania and areas where they operate. Hierarchy changes

Germany (16.9%), France (11.7%) and Italy (9.5%) are the countries with the largest share in Romania’s economy by the number of employees in 80,905 groups… Mai mult

Budget implementation in Q1, short and simple: wages and social spending up, general and local investments down, co-financing for projects implemented with European money down

The general consolidated budget recorded, after the first two months of 2019, a deficit of about RON 5.5 billion, equivalent to 0.54% of the GDP… Mai mult

Chaos from APIA reached a payment moment: Romania must reimburse EUR 80 million, money spent incorrectly from European funds for agriculture and rural development – CJEU decision

The “European Funds Champion” failed in tricking the European Commission Romania lost to the European Court of Justice a lawsuit against the European Commission because… Mai mult

Romania’s economy ranks 15th within the EU – we outpaced Portugal. Countries’ shares in EU’s GDP

Romania’s economy climbed to 15th position within the European Union, according to data published by Eurostat on 2018 related to GDP expressed in euro (nominal… Mai mult

4 charts that transfer cancer in investment from past to future

In a full economic advance, governments in power in the last years have chosen to redirect the money for investments towards measures of increasing wages… Mai mult

Foreign capital in Romania and the EU – proportion of added value. Observations, lessons, calculations

Romania ranks fourth among the EU member states in terms of foreign-controlled enterprises’ added value share in the national economy, according to a recently concluded… Mai mult

Inflation exceeds 4% threshold. Solution – Correlation between income growth and economic performance

Consumer prices for the population increased by 0.49% in March 2019, which is significantly below the previous months but higher than in the same month… Mai mult

List: OUG 114 has passed, damages have remained. Who pays?

Direct damages caused by the “greed ordinance” are currently measured in many billions of euros, according to estimates of affected companies and independent analysts. Damages… Mai mult

PIAROM study / Foreign companies have half the profitability of domestic companies. Productivity ratio is the opposite

2017 was an exceptional year for Romanian companies system in terms of profitability and registered a general margin of 8%. Statistics also show that the… Mai mult

How does Romania stand with taxation compared to other EU countries – and where it is with related revenues?

Authorities have borrowed EUR 3 billion from foreign markets yesterday to finance the current year’s deficit. Much: both for one day and in general. A… Mai mult

Romania’s competitiveness on the single market, from foreign trade point of view: even Bulgaria has come to generate a deficit for us

According to data released by Eurostat, half of the EU member countries concentrate 70% of Romania’s deficit in foreign exchanges registered in 2018, which reflects… Mai mult

Juncker Plan in Romania, up-to-date situation of investment efficiency ranking

Projects in Romania have received funding of a total of EUR 676 million from the European Fund for Strategic Investments (FEIS), according to a report… Mai mult
Next

NEWS

4.2%, from 3%: BNR has increased inflation forecast for 2019

The National Bank increased the inflation forecast for 2019 by 1.2 percentage points, from 3% to 4.2%. Also, the forecast for 2020 goes up by… Mai mult

Emergency procedure at European Court of Justice for Romania’s question: Are MCV recommendations mandatory?

The Court of Justice of the European Union (CJEU) has decided that Bihor Court’s request to be discussed under the emergency procedure, which is a… Mai mult

Government decides to increase external borrowing ceiling by EUR 4bn. It has consumed program resources for two years

The Government's agenda for Wednesday also includes the draft decision to increase the foreign loans ceiling for 2019 and 2020 by EUR 4 billion, up… Mai mult

Preparations for Summit in Sibiu - European Commission’s recommendations for EU's strategic agenda

On Tuesday, the European Commission presented a series of policy recommendations on how Europe can shape its future within an increasingly uncertain and multipolar world.… Mai mult

Meeting between Prime Minister Viorica Dancila and Chinese Prime Minister Li Keqiang: talks on a possible involvement of Chinese companies in PPP projects in Romania

On Friday, Prime Minister Viorica Dancila had a meeting with Chinese Prime Minister Li Keqiang, during which she stated her interest in involving Chinese companies… Mai mult

So-called "Belina Law" was adopted. Opposition will refer CCR: it turns Belina Island into a fiscal paradise

The Chamber of Deputies adopted on Tuesday the bill that provides for a derogating tax regime, such as tax exemptions or reductions, for land and… Mai mult

Deveselu shield is undergoing an upgrade process; the US provides alternative defence capabilities with THAAD systems

Aegis Ashore anti-missile system installed at Deveselu 99 Military Base will go in the next period through a previously planned upgrade process, the MApN announced… Mai mult

How 2019 began: Investments, allocations by 78.5% lower than the same period of 2018. 21% decrease in co-financing for attracting European funds

The consolidated general budget recorded a deficit of 0.5% of GDP in the first two months of 2019 namely RON 5.2 billion, a "performance" only… Mai mult

Romania's GDP exceeded Portugal’s in 2018: which has a population two times lower and a GDP/inhabitant twice as high

Romania's economy exceeded, at current prices in euros, Portugal's economy in 2018, a country with a population and a surface two times smaller as Romania.… Mai mult

Document / Draft to amend "Greed Ordinance"

The Ministry of Public Finance published Tuesday evening, a day and a half before the approval in the Government, the draft OUG that amends the… Mai mult

The two OUGs on judiciary for the three files are ready and submitted to Government

The Justice Ministry has prepared the two OUG drafts for which the coalition has put much pressure on the Justice Minister Tudorel Toader before granting… Mai mult

ECOFIN / Tax havens list has been updated. Politico: Eugen Teodorovici took EU Finance Ministers by surprise

Finance Ministers of the EU voted on Tuesday at the third meeting of the Council for Economic and Financial Affairs (ECOFIN) chaired by Romania, the… Mai mult

March 15, 15:00, for 15 minutes: Romania really wants highways!

Dozens of companies, mayoralties, sports teams, public figures, organizations and many ordinary people joined the protest "Romania wants motorways". Of course, the country did not… Mai mult

Facebook has removed 30 pages and PSD propaganda accounts in Romania

Facebook announced Thursday that it has closed hundreds of false accounts promoting false content in the UK and in Romania and this is the first… Mai mult

Laura Kovesi, indicted in a second case opened by Magistrates' Investigation Section

Laura Codruta Kovesi was indicted on Thursday in a second case. The section for investigating the crimes committed by magistrates accused her of having led… Mai mult