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20:11, 16.12.2020

PNL's proposals: Orban - PM, Citu - Senate President or Citu - PM, Orban - Chamber Speaker

The National Political Bureau of the National Liberal Party (PNL) validated, on Wednesday, the option for PNL Chairman Ludovic Orban to be the proposal for PM, and Finance Minister Florin Citu - the proposal for…




12:45, 03.12.2020

FinMin Citu: Romania's securing international loan is proof that we managed to gain investors' trust

Romania's success in securing a loan from international markets is proof that it managed to gain the trust of investors in a very important year and I hope that the rating agencies take this into consideration,…




17:00, 25.11.2020

Romania to receive within short first 3 bln euro instalment under SURE financial support instrument

Romania will receive in the coming days a first instalment of 3 billion euros under the European Commission's SURE loan program, Finance Minister Florin Citu announced on his Facebook page. The total loan requested…




21:50, 12.11.2020

FinMin Citu: Numbers confirm Romanian economy recovery scenario in third quarter

Finance Minister Florin Citu, speaking at the government meeting on Thursday, said that the figures made available this week confirm the scenario of the economic recovery in the third quarter of this year.Florin…




12:55, 09.11.2020

FinMin Citu rules out agreement with IMF as funding demand covered almost 97pct

Finance Minister Florin Citu said on Monday that he rules out an agreement with the International Monetary Fund (IMF), given that Romania has won the trust of the market and investors, and its demand for funds…




16:20, 02.11.2020

FinMin Citu says budget revision likely ready in second week of November

The Finance Ministry will prepare a national budget revision that could be ready in the second week of November, Finance Minister Florin Citu said on Monday, adding that he received the funding demands from each…




22:35, 29.10.2020

PSD's Grindeanu calling on Gov't to release 2021 budget blueprint as per public transparency requirements

The Social Democratic Party (PSD) renewed its call on the government, specifically on Finance Minister Florin Citu, to keep with public transparency and release next year's budget blueprint, PSD first Deputy Chairman…




17:50, 21.10.2020

FinMin Citu: Consumption in Romania looks good given the circumstances

Consumption in Romania looks good, given the circumstances, and to keep it that way, in an economy that contracts by 4% this year, at the level of an increase by 4% in 2019, is ok for the time being, Finance Minister…




10:35, 13.10.2020

First control report on Bucharest City Hall sent to anti-graft agency

A first complete report on the Bucharest City Hall (PMB) has already been sent to the National-Anti-Corruption Directorate (DNA), Finance Minister Florin Citu wrote on Facebook on Monday evening, according to Agerpres."Let…




18:40, 11.10.2020

FinMin Citu accuses PSD of economic terrorism, throwing Romania into chaos for some votes

Finance Minister Florin Citu has called on the Sociasl Democratic Party (PSD) to stop what he dubs "economic terrorism," saying that no politician has the right "to sentence Romania to poverty, hyper-inflation…




16:15, 06.10.2020

Romania supporting funding environmental objectives under Recovery and Resilience Facility, pointing to national peculiarities

Romania is supporting substantial funds for the green and digital objectives in the European Union's Recovery and Resilience Facility, while pointing out that the member states have different national specificities,…




11:35, 06.10.2020

FinMin Citu: Control at Bucharest Municipality found law violations in every investigated aspect

A control conducted since February by the Finance Ministry's Economic Inspection at the Bucharest City Hall has revealed law violations in every investigated aspect, Finance Minister Florin Citu wrote on Facebook,…




16:20, 05.10.2020

Gov't to give first reading to debt rescheduling ordinance Thursday

The government on Thursday will give the first reading to an emergency ordinance regarding the rescheduling of debts amassed during the state of emergency, Finance Minister Florin Citu said on Monday. "I know that…




17:30, 01.10.2020

Fin Min Citu: State borrows one bln lei at smaller interest rates than in 2019

The Finance Ministry borrowed one billion lei from the market on Thursday at an interest rate of 3.24 pct, lower than a year ago, and the loan covers the monthly deficit in the state budget, writes Finance Minister…




14:46, 10.09.2020

Finance Ministry, Stock Exchange, Financial Supervisory Authority mull capital market strategy

The Public Finance Ministry is in talks with the Bucharest Stock Exchange and the Financial Supervisory Authority (ASF) for a capital market strategy to attract both issuers and clients for the capital market,…




09:21, 20.08.2020

FinMin Citu: No need to resort to international or other markets, as Romania has managed its gov't deficit

Romania will end 2020 on a general government deficit lower than other countries in the European Union and will be the country to avoid technical recession, Finance Minister Florin Citu said on Wednesday evening,…




09:10, 20.08.2020

Child allowances to be gradually doubled, says FinMin Citu

Child allowances will be doubled, but in stages, and the lawmakers who vote for populist laws should donate more revenue to the budget to have more money to double the allowances, Finance Minister Florin Citu told…




19:40, 13.08.2020

FinMin Citu: Healthcare spending up 45pct on initial budget

Government's healthcare outlays have increased throughout the year by about 45% on the initial budget and if necessary we will allocate additional resources, Finance Minister Florin Citu told a news conference…




12:10, 13.08.2020

FinMin Citu: Gov't to approve this Friday emergency ordinance paving way for budget adjustment

The government will approve this Friday an emergency ordinance introducing certain amendments required for carrying out the budget adjustment, Finance Minister Florin Citu declared on Thursday upon leaving the…




21:11, 12.08.2020

President Iohannis on budget rectification: I discussed a first draft with PM, FinMin

President Klaus Iohannis said on Wednesday that Prime Minister Ludovic Orban and Finance Minister Florin Citu presented him with a "first draft" on budget rectification and are still working, with the data to be…




18:05, 11.08.2020

FinMin Citu says economic crisis incurs half of Romania's 2020 general gov't deficit

Half of Romania's 2020 general government deficit represents the cost of the economic crisis, and the cost has two components: an increase in unforeseen expenditures, such as healthcare spending, social assistance…




08:55, 29.07.2020

FinMin: I'd say budgetary deficit is reasonable, considering economic context we go through

The budget deficit in the first six months of this year is reasonable in the economic context we are going through and if we also look at what is happening in the rest of Europe, Finance Minister Florin Citu said…




11:40, 28.07.2020

FinMin: We must make sure we lose nothing of European money, which is not for pensions, salaries

Finance Minister Florin Citu said on Monday evening that a team must be readied by October, that will meet with President Klaus Iohannis on a weekly basis and will prepare programs eligible for EU financing, so…




18:51, 15.07.2020

FinMin Citu on doubling allowances: Law passed by Parliament does not say source of funding

Romania's Constitution is very clear when it comes to the public budget, so no budget expenditures can be approved without establishing the source of funding, Finance Minister Florin Citu wrote on Facebook on Wednesday,…




11:48, 14.07.2020

Investment, only solution to overcome crisis, FinMin Citu says

The massive allocation of budgetary resources to investment, not non-productive expenditures, guarantees a large, non-inflationary economy in the future, Finance Minister Florin Citu wrote Tuesday on Facebook."We…




19:27, 07.07.2020

FinMin Citu: Massive investment contribution to Q1 economic growth confirmed by statistics authority

The National Institute of Statistics (INS) revised upwards from 0.9 to 2 percent the contribution of investments to Romania's economic growth in Q1, Finance Minister Florin Citu wrote on Facebook on Tuesday.According…




11:24, 30.06.2020

FinMin Citu: Expenditures directly related to coronavirus crisis - 3.1bn lei in 5 months

Expenditures directly related to the crisis caused by coronavirus amount to 3.1 billion lei, at 5 months, and the impact of the pandemic, in the middle of the year, is about 10 billion lei, Finance Minister Florin…




16:45, 15.06.2020

PM Orban presents ANEIR representatives new credit guarantee mechanism designed for large companies

Prime Minister Ludovic Orban and Finance Minister Florin Citu presented, at the consultations carried out at the Victoria Palace on Monday with representatives of the National Association of Romanian Exporters…




15:13, 15.06.2020

IKEA Romania decides not to use public funding for furlough pay

IKEA Romania has announced the Romanian government of its intention not to use public funding of 858,504 lei it qualified for under the furlough scheme covering March 17 - June 12, as the company's results were…




23:42, 09.06.2020

FinMin: Next Generation EU, ambitious economic recovery tool, a symbol of unity, solidarity

Next Generation EU, worth EUR 750 billion, is an ambitious economic recovery tool, which we must put into practice quickly and efficiently, Finance Minister Florin Citu said on Tuesday in the videoconference of…