The adjustment generated by the fiscal corrective package drafted by the Romanian government could be sufficient to avoid a ...

Business - An analysis of the economic relations between Romania and the United States, conducted by AmCham Romania, shows a ...

International rating agency Moody’s has acknowledged the Romanian government’s efforts to reduce the budget deficit, ...

Romania's newly elected president Nicusor Dan has been officially sworn in, ushering in a tentative close to the worst political crisis to grip the European Union country in decades after the ...

Romania’s government is rushing to approve a sweeping fiscal austerity package, provoking a potential no-confidence motion by ...

The significant fiscal consolidation measures recently adopted by the Romanian government are "an important and positive step ...

Romania’s new government unveiled plans to scale back the budget deficit by 30 billion lei ($6.8 billion) this year as part of a broader package that may involve a one-off bank levy and pension and ...

Romania will have to make good on planned pension reform and improved tax collections to hit ambitious budget-deficit reduction targets amid slowing growth and challenging financing conditions.

"Romania urgently needs reforms that require political will and commitment to navigate the current economic challenges," he told AFP.

Romania’s finance chief said a new government will need to move quickly to fix state finances even after the election of Bucharest Mayor Nicusor Dan as president helped soothe market turmoil ...

“The deficit is exploding, budget and trade deficits are both at record high. We need administrative reforms, economic reforms, all the while markets are looking very carefully at us.” ...

"Romania urgently needs reforms that require political will and commitment to navigate the current economic challenges," he told AFP.