The draft State Budget Law for 2022 was launched on Sunday morning in public debate, on the website of the Ministry of Finance, which was set on revenues worth 216.473 billion lei, and expenditures in the amount of 493.215 billion lei engagement loans and of 301.758 billion lei budget loans, with a deficit of 85.285 billion lei.The budget for next year is built around an economic growth of 4.6% and an ESA deficit of 6.24% of GDP, according to the report on the macroeconomic situation for 2022 and its projection for 2023-2025.The report on the macroeconomic situation for 2022 and its projection for the years 2023-2025 show that the draft budget is configured on an economic framework with an economic growth of 4.6% forecast for 2022, with a peak in 2023 of 5.3% and an average annual rate of 4.9% over the entire horizon 2023-2025, higher than that estimated to be recorded in the EU and the Eurozone, 4.3%, given that the economic shock caused by the pandemic is one of the most significant in recent history, having, in the case of Romania, the particularity of a relatively rapid return of real GDP to the pre-pandemic level.According to the report, the deficit is estimated at 76.983 billion lei, respectively a share in GDP of 5.84%. In 2022, the ESA deficit is estimated at 6.24% of GDP in 2022, the cash deficit at 5.84% of GDP, and the structural deficit at 5.71% of GDP.The budget deficit forecast for the next three years shows a gradual reduction in the ESA deficit to 4.40% of GDP in 2023, 2.90% of GDP in 2024 and 2.02% of GDP in 2025.In 2022, investment expenditures amount to approximately 88.4 billion lei, representing 6.7% of GDP, and in 2025 they should reach approximately 136.2 billion lei, an increase in absolute value compared to 2022, but also as a percentage in GDP with a peak in 2025 of over 8% of GDP, and in 2024 they will represent 4.81% of GDP, an increase of 6.1 billion lei compared to 2021, with a peak in 2020 -2022.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
