The budget deficit rose to 3.24% of the Gross Domestic Product (GDP) after the first four months of this year, the negative balance amounting to 57.29 billion RON, compared to 35.88 billion RON or 2.06% of GDP after the first three months, according to the data published on Monday by the Ministry of Finance (MF)."Execution of the general consolidated budget in the first four months of 2024 ended with a deficit of 57.29 billion RON, respectively 3.24% of GDP compared to the deficit of 27.35 billion RON, respectively 1.70% of GDP related to the four months of 2023", the MF informs.Total revenues amounted to 182.7 billion RON in the first four months of 2024, registering an increase of 15.3% at an annual rate, supported primarily by receipts from current revenues - insurance contributions, VAT, profit tax, tax on salaries and non-fiscal income - respectively by European funds.The expenses of the general consolidated budget in the amount of 239.99 billion RON increased in nominal terms by 29.2% compared to the same period of the previous year. Expressed as a percentage of the Gross Domestic Product, expenditures for 2024 registered an increase of 2 percentage points compared to the same period of 2023, from 11.6% of GDP to 13.6% of GDP.The budget for this year is built on a deficit decreasing to 5% of GDP, from 5.68% of GDP in 2023.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
