Romania Faces Highest Budget Deficit in the EU, Government Outlines Seven-Year Recovery Plan
Romania has emerged as the European Union member state with the highest budget deficit in 2024, according to the latest data released by the European...
Category : Finance
Moody’s Downgrades Romania’s Outlook to Negative: A Wake-Up Call for Fiscal Reforms
Moody’s Investors Service has revised Romania’s credit rating outlook from stable to negative, while affirming the Baa3 rating, the lowest investment-grade level. This decision reflects mounting concerns over Romania’s fiscal...
Romania: National Bank Keeps Monetary Policy Rate at 6.5 pc
In its meeting on 14 February 2025, the Board of the National Bank of Romania decided the following: To keep the monetary policy rate at...
S&P Downgrades Romania’s Credit Outlook Amid Political Turmoil and Fiscal Concerns
S&P Global Ratings has officially downgraded Romania’s credit outlook from stable to negative, citing escalating risks associated with the country’s public finances and ongoing political...
A Call for Reform: Reducing Public Sector Jobs and Salaries to Combat Romania’s Deficit
The current state of Romania’s public sector is under scrutiny as the government grapples with a significant public deficit, the necessity for efficiency, and ongoing...
EU Approves Romania’s Seven-Year Deficit Reduction Plan
Romania has been under the EU’s excessive deficit procedure since 2020 due to its fiscal deficit exceeding the 3% of GDP threshold mandated by EU...
A Blow to Investors: Romania’s Bold Tax Hike, Austerity Measures Spark Economic Turmoil
The Romanian government has introduced significant fiscal changes in an Emergency Ordinance published on Sunday, December 29, addressing budgetary constraints and enhancing fiscal stability. This ordinance...
Romania’s Economic Outlook Turns Negative: Fitch Ratings Raises Alarm
On December 17, 2024, Fitch Ratings affirmed Romania’s long-term foreign currency rating at BBB- but revised its outlook to negative. This change reflects concerns regarding Romania’s weak export...
Romania: National Bank Keeps Monetary Policy Rate at 6.50 pc
In its meeting on 8 November 2024, the Board of the National Bank of Romania decided the following: to keep the monetary policy rate at...
Revolut to Launch Romanian Branch: What Customers Need to Know
Revolut is set to establish a branch in Bucharest, marking a significant step in its expansion within the Romanian market. This development is part of...
