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14:30, 18.08.2022

UPDATE PM Ciuca: Budget revision is positive backed by an increase of nearly 30 billion in aggregate budget

Budget revision is positive and backed by an increase in the Gross Domestic Product (GDP), an increase of approximately 30 billion lei in the aggregate budget, Prime Minister Nicolae Ciuca said on Thursday at a…




14:00, 18.08.2022

PM Ciuca: Budget revision is positive backed by an increase of nearly 30 billion in aggregate budget

Budget revision is positive and backed by an increase in the Gross Domestic Product (GDP), an increase of approximately 30 billion lei in the aggregate budget, Prime Minister Nicolae Ciuca said on Thursday at a…




12:50, 08.06.2022

Romania's economy grows by 5.2% in the first three months of 2022

Romania's Gross Domestic Product increased by 6.5% in the first quarter of the year, compared to the same period in 2021, both in the gross series and in the seasonally adjusted series, while compared to the previous…




12:31, 23.05.2022

Prime Minister Nicolae Ciuca: Reforming business opening procedure to lead to increase in GDP per capita

Prime Minister Nicolae Ciuca on Monday underscored that the data of the final report on 'Comprehensive redesign of the licensing system in Romania' shows that reforming the current procedure system for opening…




14:55, 13.04.2022

Romania's economy digital component is over 20 pct of GDP (online stores' assoc)

The digital economy is an important component in Romania's economy, being estimated at over 20 pct of the Gross Domestic Product, Oleg Roibu, vice-president of the Romanian Association of Online Stores (ARMO),…




17:35, 23.03.2022

Romania already using 3.4pct of GDP to prop up economy, citizens

Romania is already using 3.4% of its Gross Domestic Product (GDP) to prop up its economy and citizens, Finance Minister Adrian Caciu said on Wednesday at a news briefing at the end of a government meeting, Agerpres…




10:40, 15.02.2022

Romanian economy grows 5.6% in 2021; GDP advances 2.2% in Q4 2021

The Romanian economy grew 5.6% last year, and in the last quarter of 2021 the Gross Domestic Product (GDP) rose by 2.2% compared to the same period in 2020, but fell by 0.5 % compared to the previous quarter, according…




17:25, 28.01.2022

Budget deficit goes down to 6.72pct of GDP in 2021 from 9.61pct in 2020

The consolidated general budget ended last year with a deficit of 6.72pct of Gross Domestic Product (GDP), respectively 80 billion lei, below the initial estimates which indicated a negative balance of 7.13pct…




16:26, 12.01.2022

World Bank: Romanian economy is expected to advance 4.3pct in 2022

The Romanian economy is expected to advance 4.3% in 2022 as against a 4.5% forecast in June 2021, according to the World Bank's Global Economic Prospects published on Wednesday. For 2023, the World Bank forecasts…




15:15, 03.01.2022

Romania's GDP goes up by 17 billion Euro in 2021, from 2019 (minister)

Romania's Gross Domestic Product (GDP) has gone up in 2021 by 17 billion Euro, as opposed to 2019 and reached almost 1.190 billion RON, a historic record, according to the Minister of Entrepreneurship and Tourism,…




12:55, 27.12.2021

Romania’s budget deficit increases to 4.7% of GDP after 11 months

Romania‘s Finance Ministry said on Monday that the country’s general consolidated budget deficit increased to 4.7% of the Gross Domestic Product  (GDP) after the first 11 months of 2021 compared to 4.03% of GDP…




10:40, 21.12.2021

INS revises 2020 GDP evolution data, estimating a smaller decline - 3.7%

The estimated gross domestic product (GDP) for 2020, semi-final data, was 1,058 billion lei in current prices, decreasing - in real terms - by 3.7% compared to 2019, according to data with the National Institute…




16:35, 19.12.2021

Economic growth of 4.6% in 2022 and 5.3% in 2023 (strategy)

The Romanian economy will grow in the next two years by 4.6% in 2022 and 5.3% in 2023, and the advance will slow down in 2024 when an increase in the Gross Domestic Product (GDP) of 5%, estimates the Finance Ministry…




09:20, 17.12.2021

2022 state budget, built on cash budget deficit target estimated at 5.8 pct of GDP

The 2022 state budget was built on a cash budget deficit ratio estimated at 5.8 pct of the Gross Domestic Product and ESA deficit estimated at 6.2 pct of GDP, according to the draft law for the approval of the…




10:40, 07.12.2021

Romania's Q3 2021 economic growth, upwardly revised to 0.4pct

The National Institute of Statistics (INS) has upwardly revised Romania's Q3 2021 economic growth, to 0.4% from a previous 0.3%; compared with the similar period of 2020, the country's Gross Domestic Product (GDP)…




12:15, 16.11.2021

Romania’s GDP rises 7.2% y/y in Q3

Romania‘s National Institute for Statistics (INS) announced on Tuesday that the country’s economic output increased by 7.2% year-on-year in the third quarter of 2021 for the unadjusted series and stated that for…




15:00, 18.10.2021

Government debt surpasses 550 billion lei, at end of August, representing 49.7% of GDP

The debt of public administration (governmental debt) has gone up, at the end of the first 8 months of 2021, to 550.34 billion lei, from 545.337 billion lei, after the first 7 months, according to the centralized…




11:56, 11.10.2021

INS revises Romania's Q2 2021 economic growth to 1.9pct from 1.8pct

The National Institute of Statistics (INS) has revised Romania's Q2 2021 economic growth to 1.9%, from 1.8%, as previously estimated, according to provisional data published on Monday by INS. On September 7, INS…




17:15, 26.08.2021

Implementation schedule for 'Educated Romania' project should become available before September 10

Education Minister Sorin Cimpeanu, said on Thursday that an implementation schedule for the "Educated Romania" project will have to become available before September 10, adding that in order to achieve the intermediate…




12:50, 17.08.2021

Romania’s GDP rises by 13% y/y in the second quarter

Romania‘s National Statistics Institute (INS) announced on Tuesday that the Gross Domestic Product (GDP) recorded an increase of 13% for the unadjusted series and 13.6% in seasonally adjusted terms compared to…




10:15, 17.08.2021

Romania's economy advances 6.5pct in H1 2021

Romania's Gross Domestic Product (GDP) advanced 6.5% in H1 2021 y-o-y in unadjusted terms, and 6.2% when seasonally adjusted according to the flash estimates published on Tuesday by the National Institute of Statistics…




09:45, 27.07.2021

Budget deficit up to 2.96 pct of GDP after 6 months

The general consolidated budget deficit is up to 2.96 pct of the Gross Domestic Product after the first six months of this year, from 2.29 pct of the GDP at the end of May, yet over the corresponding period of…




13:01, 06.07.2021

Marinescu (presidential adviser): Romania returned to pre-pandemic GDP in Q1 2021

The economy of the European Union (EU) is expected to advance 4.2% this year, and against this backdrop, Romania's Gross Domestic Product (GDP) returned its levels of before the COVID-19 pandemic, together with…




18:45, 14.06.2021

Ghinea: The text of the motion is a web of blatant lies, misinformation and contradictions

PSD spreads fake news more than the television stations serving this party, and the text of the motion is a web of lies, misinformation and flagrant contradictions, the Minister of Investments and European Projects,…




11:40, 08.06.2021

INS maintains the estimate of economic growth of 2.8% for the first quarter

Romania's Gross Domestic Product in the first three months of the year was, in real terms, higher by 2.8%, compared to the fourth quarter of 2020, and compared to the same quarter of 2020 it recorded a decrease…




18:01, 03.06.2021

PM Citu says no debt increase under PNRR, as money borrowed for investment not consumption

Prime Minister Florin Citu contradicted on Thursday some scenarios according to which Romania's public debt will increase as a result of the fact that the country will borrow 15 billion euros under its National…




18:50, 28.05.2021

IMF expects strong recovery of Romanian economy in 2021, with GDP recovery of 7 pct

The experts of the International Monetary Fund estimate a strong economic recovery in Romania in 2021, with an advance of the real Gross Domestic Product of 7 percent, specifying, however, that some unexpected…




18:50, 27.05.2021

Budget deficit rises to 1.81% of GDP, after four months this year

The consolidated general budget deficit has gone up to 1.81% of the Gross Domestic Product (GDP), after four months in this year, with a significant growth from the first three months, when the budgetary execution…




15:55, 19.05.2021

Daianu: Romania's economic growth to be between 6-7pct in 2021; I also notice entrepreneurial effervescence

Romania will record economic growth of between 6 and 7% in 2021, Daniel Daianu, chairman of the Fiscal Council said on Wednesday, adding that there is an economic rebound, there is public investment spending of…




17:55, 05.05.2021

Gov't passes public debt management strategy capping debt at 50pct of GDP

Prime Minister Florin Citu says that a memorandum on the government public debt management strategy 2021-2023 was adopted at a Wednesday's government meeting, showing that the debt will stay capped at about 50%…