Ludovic Orban

Minister of Finance Citu: Deficit up by 50 billion against budget adopted in December 2019

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.

Premier Ludovic Orban: Economy is on the rebound

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.

PM Orban says pensions to rise by whopping 14 pct Gov't pledges to finance

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.

PM Orban: Gov't has defended jobs during economic crisis triggered by COVID-19 epidemic

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.

PM Orban says elections possible without increasing risk of spreading virus

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.

Banks grant loans of 4 billion lei under IMM Invest programme

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.

PM Orban: Number of citizens with employment agreements down by 14,000 in May against same month of 2019

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.

PM Orban presents ANEIR representatives new credit guarantee mechanism designed for large companies

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.

Strategic Partnership with US provides sustainable guarantee for national security and prosperity

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.

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