Nearly two-thirds of the respondents to a recent INSCOP survey believe that Romania met all the criteria also to join the Schengen area with its land borders, but some states block the country’s full accession for economic reasons,
Romania's public deficit of 9% of GDP in the context of a current account deficit of only 5% means that "the government sector is the one that creates the [external] deficit altogether," governor of the National Bank of Romania argued in a conference, quoted by Hotnews.ro. Isarescu's statement should not be perceived in a strictly academic sense (it would be debatable, albeit not in the case of Romania), but rather as a policy message. Governor Isarescu once again urged the Government to take steps toward fiscal consolidation, implying at the same time that the monetary authority will do its best to keep both the exchange rate and the inflation steady. „It means that the non-governmental sector posts a surplus by 4% of GDP," governor Isarescu claimed.The exchange rate correction is not a good solution, because a weaker currency will not stimulate the government sector (to reduce its deficit). The solution is the budget correction, says the BNR governor. "The budget correction is not easy, including due to these political situations, sometimes incomprehensible, and due to the electoral cycle", concludes Mugur Isarescu.
Nearly two-thirds of the respondents to a recent INSCOP survey believe that Romania met all the criteria also to join the Schengen area with its land borders, but some states block the country’s full accession for economic reasons,
Central and Eastern European startup nPloy has expanded its job posting offering with remote, location-flexible jobs in the technology industry to over 1,000 remote posts provided by more than 100 global tech companies, such as GitLab, Brevo, Airalo, Binance, AngelList, Polygon, Kraken, and Zapier. "And from what we see in the last few weeks since we […]
In the day when the opening of Arges Mall in Pitesti (April 25) brought the third Mcdonald's and also the third KFC fast food restaurant in the city, as well as a long array of fashion outlets such as Zara, Pull&Bear, Bershka, Stradivarius, Reserved, House, Cropp, Sinsay,...
Romania’s leading financial group Banca Transilvania (BVB: TLV) announced that its shareholders endorsed the disbursement of RON 1 billion (EUR 200 million) as dividends, out of last year’s RON 2.5 billion net profit, at a gross yield of 4.4% based on the most recent trading price. The shareholders also approved a capital increase by the […]
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, held, on April 25th, 2024, the General Meeting of Shareholders (GMS). During the GMS, the shareholders approved, among other items, the distribution of the second tranche of...
Net subscriptions in Romanian mutual funds reached RON 578 million (EUR 116 million) in March, the highest value since January 2021, when inflows totaled RON 621 million, according to data from the Association of Fund Managers (AAF) quoted by Ziarul Financiar. The net assets of the 247...