The budget deficit increases up to 90.9 billion lei following the budget rectification, an amount that represents 8.6% of GDP, so that the deficit is currently 50 billion lei higher against December 2019, when the budget for the current year was adopted, the Minister of Public Finance, Florin Citu, stated on Friday, in the beginning of the gov't meeting.
Prime minister Ludovic Orban said on Friday in southern Craiova that Romania's economy "is on the rebound", showing that data published by the National Statistics Institute (INS), according to which the economy registered a decline of 12.3 pct in the second quarter of this year compared to the first quarter, are better than the pessimistic forecasts made by economists.
Prime Minister Ludovic Orban announced Friday that the government will adopt a decision to increase pensions by 14 percent, adding that rising retirement benefits was a "difficult decision", but that the Executive commits to this measure and provides guarantees that the amounts will be effectively paid. "The health crisis has caused an economic crisis.
The National Liberal Party (PNL) government has defended jobs throughout the economic crisis triggered by the COVID-19 epidemic, Prime Minister Ludovic Orban told a plenary sitting of Parliament on Wednesday. "You have called me to unveil the measures related to the local elections, the start of schools and (...) to combat COVID.
Prime Minister Ludovic Orban said on Wednesday that the local elections set for September 27 could be held without increasing the risk of spreading the novel coronavirus and underlined that conducting the vote depends on the fairness of candidates and their supporters. "I believe that we can hold the elections without increasing the risk of spreading the virus.
As of June 15, banks had granted loans to the amount of 4 billion lei under the IMM Invest programme, and this week the one billion euro equivalent mark will be passed, Cristian Paun, chairman of the Board of Directors of the National Credit Guarantee Fund for Small and Medium-Sized Enterprises SA - IFN (FNGCIMM SA - IFN), said on Wednesday.
Prime Minister Ludovic Orban on Tuesday stated that the number of persons with employment agreements dropped by 14,000 in May 2020 compared with the same period last year. "Very many analysts, political leaders from the Opposition predicted the apocalypse in the employment field: a scary unemployment. We have even been accused of not taking measures for it.
The government is about to approve the extension of the state of alert by 30 days nationwide under a decision of the National Committee on Emergency Situations (CNSU), Prime Minister Ludovic Orban announced on Tuesday at the beginning of a government meeting.
Prime Minister Ludovic Orban and Finance Minister Florin Citu presented, at the consultations carried out at the Victoria Palace on Monday with representatives of the National Association of Romanian Exporters and Importers (ANEIR), a new credit guarantee mechanism, an instrument which can ensure working capital to large companies.
The Strategic Partnership with the USA offers a lasting guarantee for national security and prosperity, along with membership in NATO and the European Union, Prime minister Ludovic Orban said on Sunday in a message addressed on the occasion of the 140th anniversary years of diplomatic relations between Romania and the United States of America. "Today [ed.n.