Economic and Financial Affairs Council

Bulgaria's Finance Minister, Asen Vassilev, actively participated in the first regular meeting of the Economic and Financial Affairs Council (ECOFIN) for 2024 in Brussels. The meeting, chaired by the Belgian presidency of the Council of the EU, outlined its financial and economic priorities for the initial six months of the year.

The Economic and Financial Affairs Council (Ecofin) of EU finance ministers on Friday adopted implementing decisions approving the amended Recovery and Resilience plans of Greece and another 12 countries (Belgium, Bulgaria, Croatia, Cyprus, Finland, Germany, Hungary, Ireland, Italy, Latvia, Poland and Romania).

Finance Minister Christos Staikouras will be attending the Europgroup and Ecofin meetings in Brussels on Monday and Tuesday, respectively.

The Recommendation on the Excessive Deficit Procedure in the case of Romania was adopted on Friday at the Meeting of the Economic and Financial Affairs Council (ECOFIN), in Luxembourg, and our country's commitment is to return to a budget deficit up to 3% of GDP by 2024, according to a press release from the Ministry of Finance.

The Recovery and Resilience Facility is the best proof of the European Union's ability to learn from past lessons and deliver concrete and operational results despite the current crisis conditions," Finance Minister Alexandru Nazare told the meeting of the Economic and Financial Affairs Council (ECOFIN) on January 19, 2021.

The Minister of Public Finance, Eugen Teodorovici, said it is absolutely necessary the new European Commission to take into account the interests of all member states, and not only of some of them that are believed to be stronger and more influent. "I hope that the new team of the European Commission will truly approach every matter in the spirit of cohesion.

The International Monetary Fund (IMF) is and has to remain a quotas-based institution and we are prepared to support even their increase, taking into account that the European Union is open to doubling at least the New Arrangements to Borrow (NAB), Romanian Public Finance Minister Eugen Teodorovici said on Friday in Washington.

Those European countries losing a lot of their workforce to the advantage of the rest of the European Union countries should think of an aggressive package of measures to provide a solution against the selective mobility that causes this brain drain, Minister of Finance, Eugen Teodorovici, stated on Saturday, at the end of the second day of the ECOFIN (Economic and Financial Affairs Council) me

The Romanian Presidency of the Council of the European Union has finalized the process of adopting its first file in the area of economic and financial affairs, namely the Regulation as regards the minimum loss coverage for non-performing exposures (NPL), informs the Ministry of Public Finance (MFP).

Romania is ready to work at a sustained pace during the negotiations on the future European budget for 2021-2027, so that an agreement to be reached by the end of this year, Minister of Finance, Eugen Teodorovici, said in a release sent to AGERPRES on Saturday.