Romania must present a credible plan to lower the EU's highest budget deficit by the end of June, President Nicusor Dan said ...

The European Union is likely to offer the Romanian government a reprieve to introduce measures aimed at paring its ballooning ...

The European Commission stepped up on Wednesday the EU's disciplinary action against Romania over the country's large budget ...

The general government budget deficit in Romania contracted by 2.3% y/y to RON 56.0 billion (EUR 11.1 billion, cash terms) in ...

The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also ...

Romania should increase excise duties and standard VAT rate, eliminate reduced VAT rates and adopt a system of progressive ...

BUCHAREST, May 22 (Reuters) - An "optimistic, realistic" budget deficit target for Romania in 2025 is 7.5% of economic output, President-elect Nicusor Dan said on Thursday, adding that preliminary ...

The European Commission (EC) said on Wednesday that Romania failed to take effective action to curb its budget deficit within ...

Romania’s medium-term fiscal framework calls for the fiscal deficit to decline gradually from about 8 percent of GDP in 2024 to 7 percent in 2025 and 3 percent (or less) by 2031. With limited scope ...

"But addressing the widening fiscal deficit, the weak absorption of EU funds and a backlog of reforms remain stark challenges for the authorities." Although Romania's ratio of government revenue ...

Monday’s inauguration comes at a critical time for the Eastern European nation of 19 million amid the threat of credit rating ...