Viewing posts from : June 2015
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SMEs in Romania receive this month new state financing

The Government has released EUR 4.4 million in June to finance programs which support small and medium-sized companies (SMEs).The amount represents the fourth tranche of funds the Government has released for SMEs financing this year. The total sums allotted in the state budget for SMEs are over EUR 37 million. The small and medium firms […]

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Government supports VAT rate cut to 19% this year

Prime Minister Victor Ponta announced on June 21that the Government will support the general VAT rate cut from 24% to 19%, and not to 20% like previously announced. The cut should be applied before January 1, 2016. He also said that the drug prices will go down by 20% starting July 1. Moreover, Romania registers second […]

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Romania ranks 5th in EU for industrial production growth

Romania’s industrial production increased by 0.1% in April compared to the previous month. The industrial production in the EU and the eurozone recorded a similar growth, according to the EU’s statistical office Eurostat. Lithuania’s industrial production saw the biggest increase in the EU – 3.4%. Romania’s industrial production rose by 4.3% in April year-on-year, recording […]

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Garanti Bank estimates an economic growth of Romania in 2015

Garanti Bank estimates the GDP growth of Romania in 2015 at the level of 2.5%, thanks to a recovery in the construction sector. As is apparent from the Macroeconomic Report of the Bank for the first quarter, Garanti Bank experts expect that this year the growth in the construction sector will amount 3.6%. Moreover, Garanti […]

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Romania revises up economic growth expectation

Romania’s National Prognosis Commission (CNP) has revised up its prognosis on Romania’s economic growth in 2015 to 3.3%. It also changed its prognosis for 2016 to 3.4%. The GDP will amount to EUR 158 billion in 2015 and to EUR 167 billion in 2016. For 2017, the National Prognosis Commission expects an economic growth of […]

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