Modifica setari cookieuri

SIMILAR ARTICLES

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

Green Deal / New, additional European funds for Romania – negotiation position assumed by MEP Siegfried Muresan

The transition to a green economy needs to be supported by new, additional European funds, distinct from Romania’s allocations from the future EU multiannual budget.… Mai mult

EBRD investments in Romania have decreased by EUR 174 million in the last two years

Romania fell 3 places to the 10th position in the ranking of largest investments made by the European Bank for Reconstruction and Development (EBRD), after… 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

Cronicile

European Semester / European Commission asks Romania to correct its medium-term structural deficit by 1% of GDP

de Victor Bratu , 27.11.2018

Minister Eugen Teodorovici is pressured by the EU to reduce the budget deficit

After finding that the Government has done nothing to adjust the deviation from the structural budget deficit, the European Commission now asks Romania for an annual structural adjustment of at least 1% of GDP in 2019.

The revised recommendation appears in the context in which the budget deficit estimate goes up to 4.7% of GDP for 2020.

The European Commission released on Wednesday the autumn package of the European Semester in which it presented the EU’s economic and social priorities for 2019 and the opinions on the budget plans.

In Romania’s case, the Commission has established:

“No effective action has been taken in response to the recommendation made by the Council in June and proposes that the Council adopts a revised recommendation addressed to Romania for the country to correct its significant deviation from the adjustment path targeting the medium-term budgetary objective.

In June 2018, the Council addressed a recommendation to Romania regarding an annual structural adjustment of 0.8% of GDP for both 2018 and 2019 under the procedure applied for significant deviations.

In the light of later developments and the fact that Romania has not taken effective steps to correct its significant deviation, the Commission is now proposing a revised recommendation regarding an annual structural adjustment of at least 1% of GDP in 2019.

Romania’s public deficit increased from -0.5% in 2015 to -2.9% in 2016 and is estimated to reach -3.3% in 2018, -3.4% in 2019 and -4, 7% in 2020: this deficit level is the highest in the EU.

The Commission invites the European Council to discuss the package and approve the directions presented on Wednesday.

The Commission also announces that it “looks forward to a fruitful debate with the European Parliament on the policy priorities of the Eurozone and the EU overall, as well as an increased collaboration with the social partners and stakeholders at all levels in the context of the European Semester.”

Mergeți în homepage ›

Publicat la data de 27.11.2018

Lăsați un comentariu


NEWS

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

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult