Ponta: Romania ranks 1st in EU by budget deficit cut - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » January, 2013 » 11 January 2013

Ponta: Romania ranks 1st in EU by budget deficit cut
11.01.2013, 11:12 | Finance-Banks | 593 views



Romania ranks first in the European Union by the cut in the budget deficit, which has been narrowed by 2.5 billion euros, Prime Minister Victor Ponta said on Thursday evening.

“For the first time since 2007, we have met a budget deficit limit at 3 percent of the GDP, thus setting the prerequisites for Romania to emerge out of the excessive deficit procedure”, Ponta said at a news conference given at Victoria Palace (the Govt’s offices).

Political stability has also helped stabilising the leu-to-the-euro exchange rate, which was lower on Jan. 10, 2013 than in April 2012, the Prime Minister explained.

“I think the stability and predictability in 2013 will help us keep this indicator within the proposed limits too”, he added.

Read more on Financiarul.ro




Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 732 vizualizări
NBR governor disregards his own advice
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...


22.04.2016, ora 00:00 | 822 vizualizări
Mario Draghi: The ECB obeys the law not politicians
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...


23.02.2016, ora 00:00 | 760 vizualizări
The pound sterling, in its biggest decline since 2009
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.