Ministry of Public Finance

PM Orban says Romania in very bad financial shape

Romania's state of finance is very bad, as its previous government failed the revenue collection plans, freshly sworn in Prime Minister Ludovic Orban told a news conference at the Finance Ministry on Wednesday. "I am today at the Ministry of Public Finance to officially install the new Minister of Finance, Florin Citu. I had some talks before this news conference on the financial state.

Monica-Cristina Anisie, picked to head Education and Research Ministry (bio)

Prime Minister-designate Ludovic Orban announced on 24 October 2019 the composition of the Cabinet he will submit to Parliament vote. Monica-Cristina Anisie was picked for the Education and Research Minister office. Monica-Cristina Anisie was born on 19 July 1973, according to her official Facebook page.

FinMin Teodorovici: New Commission must consider all member states' interests in taking major initiatives

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.

FinMin Teodorovici says budget revision secures full payment of wages, pensions, investment projects

The latest budget revision bill secures the full payment of public wages, pensions and investment projects, and nobody has to worry about it, Finance Minister Eugen Teodorovici said at the end of a Government meeting on Monday. "The Gross Domestic Product (GDP) has passed the 1-billion-leu mark for the first time. Where the Government took some measures, results were seen.

Fin Min Teodorovici on rectification: No cuts to Transport, Health or Education Ministries

The budget rectification does not entail funding cuts from ministries such as Transport, Health or Education, and the ministers are under the obligation to spend the allocated money, Minister of Public Finance Eugen Teodorovici told a Tuesday's press conference. As concerns the Ministry of Education he explained from where the reduction in funds that appears in the budget rectification comes.

Positive national budget revision; cuts in education, European funds, research outlays

The Ministry of Public Finance (MFP) has put forth a positive budget revision that secures compliance with the 2.76pct deficit, with the largest cuts according to the bill to be conducted in the appropriations for the Ministry of National Education, the Ministry of European Funds and the Ministry of Research.

Romanians' net wealth exceeds 2,000bln lei last year

The net wealth of the Romanian population exceeded 2,000 billion lei (over 423 billion euro) last year, close to the maximum threshold registered a decade ago, in 2008, and the real estate assets had the highest share in the net wealth of the Romanians, of almost 80 percent, according to data from the Financial Stability Report published by the National Bank of Romania (BNR).

IMF Mission to Romania, May 27 - June 7

A staff team of the International Monetary Fund (IMF) led by IMF Head of Mission Jaewoo Lee will be in Bucharest May 27 - June 7. On Monday, an IMF staff team led by Jaewoo Lee began a two-week visit to Bucharest to conduct an annual review of the Romanian economy, known as Article IV consultations. The team will discuss economic developments and policies with Romanian officials.