Constantin Balaban

Flash Eurobarometer survey finds 75 pct of Romanians favor switch to euro

Romania has the highest percentage of respondents with a positive opinion about the introduction of the European single currency - 75 percent, found the latest Flash Eurobarometer survey released on Friday, which shows that the switch to the euro enjoys broad support in EU member states that have not yet adopted it.

European Council recommends Romania to put end to excessive deficit by 2024

The European Council on Friday adopted a recommendation under the excessive deficit procedure for Romania that Romania should put an end to the excessive deficit situation by 2024 at the latest. "The Council found that an extension to the current deadline for Romania to correct its public deficit would be important in order not to compromise the economic recovery after the COVID-19 pandemic.

European Investments Minister: National Reform and Resilience Plan to be tabled to Gov't this week

The National Reform and Resilience Plan (PNRR) will be presented to the government this week for a first reading, and the formal decision will hopefully come next week, Minister of European Investments and Projects Cristian Ghinea said today.

WB revises downwards its projections for Romanian economy's 2021 recovery

The Romanian economy is expected to grow 3.5 percent this year, after a contraction of 5 percent in 2020, and is next seen picking up to 4.1 percent in 2022, according to the World Bank's January 2021 Global Economic Prospects, the financial organization's latest report on the outlooks for the world economy.

EC recommends Romania to avoid implementing permanent measures endangering fiscal sustainability

The European Commission has recommended Romania to pursue fiscal policies in line with the Council's recommendation of 3 April 2020 that Romania should put an end to the present excessive deficit situation by 2022 at the latest, according to the recommendations in the European Semester Spring package released on Wednesday.

Romania posts EU's top growth in construction production this March

Romania's production in construction was 2.1 percent higher in March 2020 compared to the previous month, the highest advance among EU member states, shows data released on Tuesday by the European statistics office Eurostat. Romania also tops the ranking by the annual growth rate of the construction sector, with 28.1 percent this March.

EC: Romania's economy to contract by 6% in 2020; government deficit up to 9.2% of GDP

Romania's economy is projected to contract by 6% in 2020 after many years of robust growth, whereas the general government deficit is forecast to increase to around 9.2% of the GDP in 2020, according to the European Economic Forecast - Spring 2020, published by the European Commission (CE) on Wednesday.

World Bank projecting Romania's economic growth at 0.3pct in 2020

The World Bank has revised significantly its estimates of the Romanian economy's advance this year, down to 0.3 percent from 3.8 percent, as projected three months ago, but growth would gradually bounce back in the second half of 2020 and further accelerate in 2021 to 4.4 percent, according to the World Bank's economic update spring 2020.

Romania, below EU average, above Austria in terms of healthy years of life

Romania is below the European Union average when it comes to the number of years a person is expected to continue to live in a healthy condition at birth, but above other EU member states, such as Austria, Finland and Slovenia, show data released on Tuesday by Eurostat.

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