Romanian PM: Budgetary Deficit of 8.2% in 2021
Romanian PM, Mr. Florin Citu, announced what most of the economists already anticipated: Romania will have a huge budgetary deficit this year as well. Precisely,...
Tag : Romanian economy
Eurostat: in 2020 GDP Fell by 6.8% in Euro Area, by 6.4% in EU
Bad news from Eurostat: according to preliminary data, in 2020 GDP fell by 6.8% in the Euro area and by 6.4% in the EU. The...
Romanian Economy Expected to Recover: Economic Growth of 4.3% in 2021
The Romanian Government hopes for an economic growth of 4.3% in 2021, a downward adjusted revision from the previous forecast, when it estimated an increase...
National Bank of Romania Cuts Monetary Policy Rate to 1.25 Percent
In an unexpected move, the National Bank of Romania decided to cut down the monetary policy rate to 1.25% from 1.5%. The new monetary policy...
Electricity Market Liberalization in Romania
Electricity market liberalization in Romania has just become a fact. Starting from January 1, 2021, the electricity market fully liberalized in Romania, as well in...
Romania Decreases Number of Work Permits for Foreigners in 2021
The number of work permits for foreigners is one of the indicators of the development stage of the economy – the higher the number, the...
Romania’s Cereal Production Drops 44% in 2020
Romania’s cereal production dropped 44% in 2020, according to official data cited by Agerpres. Precisely, this year Romania produced only 17 million tons of cereals,...
Restaurants from Romanian City Offer Discount to Covid-19 Vaccinated Customers
Restaurants from Brasov, Romania, offer 10% discount to their customers if they prove to have taken the COVID-19 vaccine. The action is the only one...
No Deal Brexit – Consequences for Romania
No Deal Breaxit – this is what Boris Johnson, the British PM, announced this week, telling the British people to prepare themselves for the worst...
Romania Finishes First Phase of BRUA Pipeline
Phase 1 of BRUA pipeline project is ready! This was possible with the efforts of the Romanian state gas transport company. TRANSGAZ. The project is...
