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17:45, 29.12.2020

SANITAS Federation demands that Gov't fulfill its promises to health and social assistance employees

The Executive Bureau of the SANITAS Federation has taken note of the Romanian Government's intention to block for health and social assistance employees any possibility to benefit from the legal rights regarding…




12:55, 29.12.2020

Salaries, bonuses of public workers to freeze in 2021, holiday vouchers in electronic format only (project)

The salaries and bonuses of public workers will maintain throughout 2021 at the same level with the one granted for December 2020, the value of fine point will remain at 145 RON, and the holiday vouchers worth…




15:51, 02.12.2020

Central Bank international reserves, down to EUR 33,393 million, at November end

On 30 November 2020, the National Bank of Romania's (BNR) foreign exchange reserves stood at EUR 33,393 million, compared to EUR 33,795 million on 31 October 2020, according to a BNR release issued on Wednesday,…




09:56, 24.11.2020

Fiscal Council estimates probable level of budget deficit of 9.8% for 2020

The Fiscal Council (CF) estimates a probable level of the budget deficit for 2020, according to the cash methodology, around 9.8% of GDP, by 0.7 percentage points above the estimate of the Ministry of Public Finance…




14:40, 22.11.2020

Government debt reaches almost 42.9pct of GDP at end of September 2020

At the end of September 2020, the public administration debt (government debt) totaled 451,147 billion lei, namely 42.9% of the GDP, as compared to 373.6 billion (35.3% of GDP) at the end of last year, according…




13:00, 20.11.2020

FinMin Citu: We will annul barriers put in Parliament stopping capitalization of Romanian markets on stock exchange

The barriers put in Parliament that stop the capitalization of Romanian companies on the capital market will be annulled immediately after the Parliamentary majority changes, said, on Friday, the Public Finance…




12:25, 18.11.2020

Budget deficit to rise to 9.1 of GDP after amendment

The budget deficit will rise to 9.1% of the Gross Domestic Product at the budget amendment that will be adopted in the next period, Minister of Finance Florin Citu told a press conference on Wednesday, accoridng…




15:30, 02.11.2020

Romania's end-October forex reserves advance to 33.795 billion euros

As of October 31, 2020, the forex reserves of the National Bank of Romania (BNR) stood at 33.795 billion euros, up 3.7 pct from 32.588 billion euros at the end of this September, the central bank announced in a…




13:31, 29.10.2020

FinMin Citu: Inflation not to rise, interest rates to continue to fall

Inflation will not rise and interest rates will continue to fall, with Romania having an advantage over the rest of Europe, that it can push the economy through interest rates, the Minister of Public Finance, Florin…




09:55, 29.10.2020

FinMin Citu: Moody's maintained Romania's rating; maintaining it in the future depends on responsible policies

The Minister of Public Finance, Florin Citu, on Wednesday stated that the rating agency Moody's maintained the country rating for Romania, while emphasizing that Moody's latest report shows very clearly that "maintaining…




19:00, 27.10.2020

Measures to combat COVID-19 crisis generate more than half of 9-month budget deficit

More than half of the deficit registered in the first nine months of the year, namely 37.12 billion lei (3.51% of GDP), represent the amounts left in the economic environment through fiscal facilities, investments…




15:45, 27.10.2020

FinMin Citu: Budget deficit on first nine months is 6.36 pct of GDP

Minister of Public Finance, Florin Citu, announced on Tuesday that the budget deficit for the first nine months of this year is of 6.36 pct of the GDP, or 67.27 billion RON, according to AGERPRES."Romania, together…




14:25, 21.10.2020

FinMin Citu: Romania's public debt growth at 7 pct this year, as to 20 percentage points for EU overall

The EU's public debt will grow on average by 20 percentage points in 2020, whereas Romania's government debt will increase by only 7 percentage points, Minister of Public Finance Florin Citu wrote on Facebook,…




13:00, 14.10.2020

FinMin Citu: As estimated, industry is recovering

Signs show that, at the end of Q2 or the beginning of Q4, for the first time in two years, the dynamics of the industrial sector will be positive, says Minister of Public Finance Florin Citu in a post on his Facebook…




12:05, 13.10.2020

Investments of 30bn lei in Romania in first nine months of 2020

The value of investments registered in Romania in the first nine months of the year is 30 billion lei, being the only country in the European Union (EU) where investments had a positive contribution to GDP dynamics…




16:16, 12.10.2020

FinMin Citu: We have the lowest inflation rate since October 2017

Romania records the smallest inflation rate since October 2017 until now, said, on Monday, the Minister of Public Finance, Florin Citu, referring to the data presented by the National Institute for Statistics."It's…




20:55, 08.10.2020

Gov't to approve payment facilities for outstanding budget debt after state of alert establishment

The government is to approve by emergency ordinance payment facilities for outstanding budget debts accrued after the date of the establishment of the state of emergency,managed by the central fiscal body, after…




17:55, 08.10.2020

Deputy PM Turcan, Minister of Culture Gheorghiu discuss economic support options with representatives of cultural field

Deputy Prime Minister Raluca Turcan and Minister of Culture Bogdan Gheorghiu, specialists from the Ministry of Culture and the Ministry of Public Finance on Thursday had a meeting with representatives of the cultural…




12:45, 07.10.2020

Consolidated general budget outstanding debt hits 5.7 pct increase in August 2020

Consolidated general budget outstanding debt increased by 5.7 pct in the eighth month of the year, from 256.33 million lei in July to 271.1 million lei in August 2020, according to data published on the website…




17:15, 05.10.2020

Finance Ministry borrows 500 mln lei from banks, Monday

The Ministry of Public Finance (MFP) borrowed, on Monday, 500 million lei from banks, through a benchmark government bond issue, with a residual maturity of 88 months, at an average yield of 3.34% per year, according…




14:55, 02.10.2020

Romania accesses loans of 4bn euros through SURE instrument

Romania has obtained a 4.1-billion-euro loan from the European Union at advantageous interest rates to support the Romanian authorities' efforts to protect citizens and mitigate the socio-economic consequences…




17:20, 01.10.2020

Forex reserves drop to 32.588 billion euro, at end of September

Foreign exchange reserves at the National Bank of Romania (BNR) were at 32.588 billion euro at the end of September, down 8.89 pct from the 35.768 billion euro recorded a month ago, according to data published…




16:45, 30.09.2020

FinMin Citu: Budget must be approved by next government, as required by law

The 2021 budget must be approved by the next government, but at this moment the Ministry of Public Finance has started a spending review of the authorizing officers to see exactly what the implementation is, the…




16:30, 22.09.2020

UniCredit Bank receives supplements for IMM Invest loan guarantee ceiling

UniCredit Bank received from the Ministry of Public Finance (MFP) an additional 889 million lei for the credit guarantee ceiling for small and medium enterprises through the IMM Invest Romania programme, according…




14:06, 22.09.2020

FinMin Citu: What PSD is doing today in Parliament is criminal, it blows up country

The Minister of Public Finance, Florin Citu, stated, on Tuesday, in eastern Piatra-Neamt that the intention of the Social Democratic Party (PSD) to modify the budget revisions, having as main purpose to increase…




13:31, 21.09.2020

FinMin Citu: Capital market in Romania is a click away from billions of euro

The status of emerging market for the Romanian capital market means that companies in Romania are a click away from the billions of euro that will be invested, stated, on Monday, the Minister of Public Finance,…




16:25, 14.09.2020

MFP: Government debt reaches 42.2 pct of GDP, at the end of July 2020

The public administration's debt (government debt) totaled, at the end of July 2020, 444.399 billion RON, namely 42.2 pct of the GDP, compared to 373.5 billion RON (35.2 pct of the GDP) at the end of last year,…




22:20, 12.09.2020

FinMin Citu: Romania doesn't support switch from unanimity to qualified majority in taxation-related decisions at EU level

Romania does not support the transition from unanimity to a qualified majority in respect to the adoption of the decisions taken at the EU level in the taxation field, said the Minister of Public Finance, Florin…




17:15, 07.09.2020

Gov't borrows 938 million lei off banks

The Ministry of Public Finance (MFP) borrowed 938 million lei off banks on Monday in a benchmark government bond issue of a residual maturity of 51 months, at an average yield of 3.22% per year, according to data…




09:16, 04.09.2020

Gov't approves mechanism to stimulate companies to increase equity

The government has approved, under an emergency ordinance, the establishment of a mechanism to stimulate companies to increase their equity, to move from negative capital to positive capital, Ionel Danca, head…