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Romania’s deficit adjustment path to set the tone for new EU fiscal framework, EBRD economist says

April 8, 2024

How the European Council and European Commission handle Romania’s deficit adjustment path will set the tone for how other EU countries relate to the Union’s fiscal rules, said Mateusz Szczurek, lead EU economist at the European Bank for Reconstruction and Development.

Present at The Economist’s Fourth Romanian Business & Investment Roundtable, held on April 3-4 in Bucharest, Szczurek argued that the EU is in the process of reformulating its fiscal framework and...

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Famous Helmet of Coțofenești, other pieces from exhibition on Romania’s Dacian treasures stolen from Dutch museum

Several archaeological pieces from the Dacia - Empire of Gold and Silver exhibition showcasing Dacian treasures from Romania have been stolen after an explosion at the Drents Museum in the Netherlands on the night of January 24 to 25. Among them, the famous golden Helmet of Coțofenești, c.a. 450 BC, which belonged to the National […]

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Learning from History: The Union of the Romanian Principalities

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OECD technical mission assesses Romania's progress with corporate governance

 A technical evaluation mission of the Secretariat of the Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD) took place on January 20-23 at the General Secretariat of the Government (SGG).According to SGG, the major objective of the mission was to analyse and evaluate the implementation by Romania, as a candidate state, […]

CFA Romania estimates budget deficit of 7.3pct of GDP and public debt of 57pct this year

The state budget deficit forecast for 2025 has increased to the average value of expectations of 7.3% of GDP and economic growth expectations are at the average value of 1.3%, according to the estimates of analysts from the CFA Romania Association.Public debt calculated as a percentage of GDP is expected to increase to 57% in […]

New orders in the processing industry up 2.7pct January through November, 2024

 New orders in the manufacturing industry increased by 2.7%, in nominal terms, overall (domestic and foreign markets), between January 1 and November 30, 2024, compared to the same period in 2023, according to data published on Thursday by the National Institute of Statistics (INS).In the same period, the evolution of new orders in the manufacturing […]