Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea.
The Romanian government approved on October 2 two draft laws aimed at strengthening national defence and preparing the population for potential conflict, minister Ionuț Moșteanu announced following the cabinet meeting. The proposals include the introduction of voluntary military service and new provisions allowing the armed forces to strike targets outside Romania, according to
Businessman Sacha Dragic, founder of Superbet, has made an offer to real estate developer One United Properties for the acquisition of the One Tower office building, estimated by the owner at over EUR 114 billion, according to Profit.ro....
The Romanian government could raise between RON 12 billion and RON 18 billion (EUR 2.4 billion–EUR 3.6 billion) without losing control of key state-owned enterprises by selling additional stakes, according to an analysis released by CFA Romania. The report highlighted electricity producer Hidroelectrica, natural gas company Romgaz, and nuclear power company Nuclearelectrica as candidates for […]
Fiscal consolidation measures and the new deficit target of 8.4% of GDP based on the national cash methodology will bring the budget deficit based on the European ESA methodology to a level between 8.7%-9% of GDP, according to a report by The Tax Institute authored by tax experts Gabriel Biriș and Sebastian Șerban. Romania’s ESA […]
Romania's Ministry of Finance has revised upwards this year's financing needs by RON 27 billion to RON 259 billion (EUR 52 billion), compared to RON 232 billion as initially estimated in January, according to Cursdeguvernare.ro, citing official ministry reports. The largest part of the supplementary financing needs, some RON 25 billion, is caused by the […]
Romania raised EUR 4 billion on October 2 with its fourth FX bond issue this year, to finance the year’s budget deficit, which was recently revised upward, and also to buy back bonds maturing in 2026, according to Ziarul Financiar, quoting Bloomberg data. Romania had previously issued FX...
