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14:30, 01.09.2020

Romania's forex reserves dip to 35,768 million euros in August

End-August, the forex reserves of the National Bank of Romania (BNR) stood at 35,768 million euros, down by 481 million euros from 36,249 billion euros a month ago, according to data published on Tuesday by the…




13:00, 26.08.2020

Budget deficit up to 4.7 pct of GDP, after first seven months of 2020

The execution of the general consolidated budget in the first seven months of 2020 has recorded a deficit of 49.68 billion RON (4.7 pct of the GDP), according to data published Wednesday by the Ministry of Public…




12:01, 18.08.2020

President Iohannis, PM Orban, ministers to convene in working meeting at 15:00hrs

President Klaus Iohannis will have a working meeting with Prime Minister Ludovic Orban and members of the government at the Cotroceni Presidential Palace today at 15:00hrs, according to the Presidential Administration.…




20:10, 13.08.2020

FinMin Citu: Budget deficit estimated to grow up to 8.6pct of GDP this year

The budget deficit is estimated to increase this year from 6.7% of GDP to 8.6% of GDP, five percentage points being directly related to the crisis period that Romania is going through today, the Minister of Public…




18:40, 13.08.2020

Finance Ministry borrows 400 million lei off banks

The Ministry of Public Finance (MFP) borrowed, on Thursday, 400 million lei off banks in a benchmark government bond issue of a residual maturity of 38 months, at an average yield of 3.38% per annum, according…




11:40, 12.08.2020

Meeting on budget revision to be held at Cotroceni Presidential Palace

President Klaus Iohannis will have today, starting at 16:00 hrs, a budget revision meeting at the Cotroceni Presidential Palace with Prime Minister Ludovic Orban and Minister of Public Finance Florin Citu, informs…




14:50, 11.08.2020

Finance Ministry borrows 45 million lei off banks in second August auction

The Ministry of Public Finance (MFP) borrowed 45 million lei off banks on Tuesday in addition to Monday's auction, when it borrowed 201 million lei, at an average yield of 3.94% per annum in a benchmark government…




17:15, 10.08.2020

Finance Ministry borrows 201 million lei off banks

The Ministry of Public Finance (MFP) borrowed, on Monday, 201 million lei off banks in a benchmark government bond issue of a residual maturity of 122 months, at an average yield of 3.94% per annum, according to…




16:45, 04.08.2020

President Iohannis to hold education meeting with Gov't members on Wednesday

President Klaus Iohannis will hold a meeting on education on Wednesday at the Cotroceni Presidential Palace, which will be attended by several members of the Government.According to the Presidential Administration,…




14:35, 03.08.2020

BNR forex reserves, up to 36.249 billion euro, at July-end

The forex reserves at the National Bank of Romania (BNR) went up 3.56 percent on 31 July 2020, to EUR 36.249 billion, from EUR 35,002 million on 30 June 2020, according to a central bank's release sent to AGERPRES…




13:10, 03.08.2020

FinClub financial education programme for high school students opens for registrations

10th to 12th graders who want to participate in the FinClub financial education programme run by several financial institutions can sign up starting today on the website of the Financial Oversight Authority (ASF),…




17:20, 28.07.2020

Romania's general gov't deficit reaches 4.17pct of GDP in H1 2020

Romania's general government deficit in the first six months of 2020 recorded a deficit of 45.17 billion lei (4.17% of GDP), according to data published on Tuesday by the Ministry of Public Finance (MFP). "More…




11:30, 28.07.2020

All state-owned companies, to receive notification to comply with corporate governance law

The Ministry of Public Finance will send a notification to state-owned companies to comply with Ordinance 109/2011 on corporate governance of public enterprises, because professional management, with a clear mandate…




21:50, 27.07.2020

FinMin Citu: I guarantee we will not ask IMF for help in 2020

Romania will not ask the International Monetary Fund (IMF) for help in 2020, Minister of Public Finance Florin Citu stated on Monday. "We will not go to the IMF. We have managed to finance the deficit, which is…




13:18, 15.07.2020

Romania borrows 3.3 billion US dollars in foreign capital markets

Romania has recently borrowed 3.3 billion US dollars from foreign capital markets, after two years of absence on this market, the amount representing the largest volume attracted in dollars, according to a statement…




09:57, 15.07.2020

Prime Minister sets up Strategic Coordination Committee for implementation of Cernavoda CNE 3 and 4 Units Project

Prime Minister Ludovic Orban has ordered the setting up of the Strategic Coordination Committee for the implementation of Cernavoda Nuclear Power Plant (CNE) Units 3 and 4, by a decision published on Tuesday in…




16:51, 10.07.2020

FinMin Citu: Romania supports rapid implementation of SURE instrument

The rapid implementation of the SURE instrument by the European Commission, as well as the quick adoption of the recovery instrument are considered priorities by Romania in the context of the world crisis generated…




12:54, 08.07.2020

FinMin Citu: I stick to opinion EC's estimate is too pessimistic

The European Commission (EC)'s estimate of Romania's economic decline of 6% in 2020 is too pessimistic if we look at what is happening in Romania today, Minister of Public Finance Florin Citu on Wednesday told…




19:30, 01.07.2020

Gov't unveils 'Rebuilding Romania - A National Investment and Economic Recovery Plan

The government on Wednesday unveiled its 'Rebuilding Romania - A National Investment and Economic Recovery Plan' in the presence of President Klaus Iohannis. Opening the ceremony was Iohannis, who was followed…




15:28, 01.07.2020

BNR forex reserves, down to 35 billion euro, at June-end

The forex reserves at the National Bank of Romania (BNR) went down 1.8 percent on 30 June 2020, to EUR 35,002 million, compared to EUR 35,646 million on 31 May 2020, according to a Central Bank release sent to…




13:36, 27.06.2020

Finance Minister: Current economic crisis is worse than Great Crash of 1929

The current economic crisis is worse than the Great Crash of 1929 said, on Friday evening, the Minister of Public Finance, Florin Citu, at private broadcaster B1 TV."We are going through the most difficult period…




12:39, 26.06.2020

Gov't deficit rises to 3.59pct of GDP five months into 2020

Romanian government deficit rose to 3.59% of the Gross Domestic Product (GDP) five months into 2020, to 38.84 billion lei, as against 26.82 billion lei (2.48% of GDP) in the first four months, the Public Finance…




12:58, 16.06.2020

Plans afoot to provide 90-day tax break for HoReCa companies

Under a draft ordinance published by the Public Finance Ministry, companies in the hospitality industry will get a 90-day break on the specific tax for the tax year 2020.The industry-specific tax was introduced…




13:34, 12.06.2020

Official Danca: Memorandum on implementation of SURE adopted by gov't; Romania can access 5 billion euros

The Government on Thursday adopted a memorandum regarding the implementation of the SURE programme, under which Romania will be able to access approximately 5 billion euros for programmes to be carried out in the…




08:30, 12.06.2020

FinMin Citu says IT package gives best return for gov't investment

This whole computerisation package, which started with the connection of the cash registers to the National Agency for Fiscal Administration (ANAF), means at least two percentage points of additional revenue to…




17:03, 05.06.2020

FinMin Citu: I hope we can keep the rating; I would be surprised if Q1 performance is not appreciated

Rating agencies cannot ignore Romania's successful issue of bonds to the international markets and the fact that it continued to have economic growth in the first quarter of the year, the Minister of Public Finance…




19:01, 04.06.2020

FinMin Citu: IMM Invest programme works very well; 3,083 companies took funds

Minister of Public Finance Florin Citu on Thursday stated that the IMM Invest programme (SMEs Invest) works very well and 3,083 companies took funds until now. "We have eliminated several barriers a couple of weeks…




16:15, 29.05.2020

Finance Ministry plans loans of over 5bn lei in June

The Ministry of Public Finance (MFP) planned, in June 2020, loans from commercial banks of 4.5 billion lei, of which 1.1 billion lei through two issues of treasury certificates with a discount and 3.4 billion lei…




17:30, 27.05.2020

OTP Bank claims it has taken steps to correctly implement legislation on suspension of installments' payment

OTP Bank representatives claim that they have taken the necessary steps to implement the legislative framework as rigorously and correctly as possible, since the publication of Emergency Ordinance 37/2020 on the…




10:21, 27.05.2020

Gov't to debate normative act to improve regulation for IMM Invest Programme

Government is set to debate a normative act regarding the improvement of the regulation of the IMM Invest Programme, Prime Minister Ludovic Orban stated at the beginning of the government meeting on Wednesday."I…