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By Emea Riga
Romania is the European country with equal contributions to gross domestic product (GDP) from both agriculture, fisheries and forests, as well as from the ICT sector, according to the Social Monitor of Friedrich-Ebert-Stiftung Romania.
'Both branches of the economy have a contribution varying between 4% and 6% of the annual GDP in Romania. Although they have a similar contribution to GDP, the two branches employ a radically different number of citizens. The two branches are important because they are seen as extreme examples of economic modernization of a state: the agricultural sector is a tra ... Read more »
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Views: 4 | : | Date: Yesterday |


By Constantin Radut
The quadrilateral summit that took place in Belgrade last day has begun to highlight the experience and resources of the four South Eastern European countries: Romania, Bulgaria, Greece and Serbia.
The name of this group is claimed by the Craiova Group in 2015 when the first ministers of Romania, Bulgaria and Serbia had their first meeting and signed a memorandum of collaboration. The three countries have now joined Greece, which is even more important to the Craiova Group. The four states show that they are potentially important for Europe's stability, for collaborating in vital sectors of the European ... Read more »
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Views: 7 | : | Date: 10 December 2017 |


By R. Constantin
Although superficially viewed by economic analysts and journalists from inside and outside, Romania's economic growth is the strongest among EU member states.
For 15 quarters, Romania's economic growth is higher for both the EU-28 average and Central and Eastern European countries. If by 2014 Poland was the "star" of the economic growth in the European Union, its place was taken by Romania. In 2015, GDP growth was 4.0%, in 2016 it was 4.8%. In 2017, economic growth will exceed 7%. Much above the EU.
In the third quarter of 2017, Romania recorded an economic growth of 8.6%. Nearly four ... Read more »
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Views: 11 | : | Date: 08 December 2017 |


By Edwig Ban
The Romanian government approved the draft budget for 2018. According to the project, Romania's GDP will grow by 5.5%, the annual average inflation will be 3.1%, the monthly net average earning of 2.614 lei.
The budget deficit in cash is estimated at 2.97% of GDP, while the ESA deficit is 2.96% of GDP, with a budget deficit target below 3% of GDP.
The draft budget provides the necessary resources for salary increases according to the calendar established by the unitary wage law and the commitment to increase the pension point by 10%.
The government's t ... Read more »
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Views: 15 | : | Date: 06 December 2017 |


By Edwig Ban
The former Romanian Communications Minister Gabriel Sandu sent US Department of Justice and the President Donald Trump a denouncement on the involvement of US officials in what is known as "Microsoft Business" in Romania.
In September, Gabriel Sandu filed a complaint with the National Anticorruption Directorate (DNA) in Bucharest.
According to the complaint, Gabriel Sandu denounced the US Ambassadors Nicholas Frank Taubman and Mark H. Gitenstein and Austrian Ambassador Martin Eichtinger, the former Romanian President Traian Basescu and other officials from Romania, Mediafax reports.
Microsoft has be ... Read more »
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Views: 16 | : | Date: 04 December 2017 |

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Views: 18 | : | Date: 01 December 2017 |


By Constantin Radut
According to the Vienna Convention of 1961, which Romania ratified in 1968, the heads of diplomatic missions do not have the right to interfere with the internal policy of the country in which they are accredited. However, Hans Klemm has proved to be the most insidious head of the US diplomatic mission in the last 27 years.
It has been demonstrated even these days.
In two very poor counties of Romania.
Hans Klemm was in Resita, the country's oldest steel hub, on Monday. Now this city is a champion of unempl ... Read more »
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Views: 26 | : | Date: 28 November 2017 |


>>>Romania ranks 42nd in the PwC Paying Taxes 2018 global index while Poland decreased from 47th to 51st.
By Jerom Bolt
Romania climbed 8 ranks, up to the 42nd place in the PwC Paying Taxes 2018 global index, which measures the ease of paying taxes for a typical company in 190 countries around the world.
“This is the best ranking of Romania since PwC started measuring the Paying Taxes index, which highlights the progress made by Romania in recent years, by facilitating the online tax payments and by decreasing the total tax burden. Basical ... Read more »
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Views: 24 | : | Date: 28 November 2017 |


>>>The Moody's Financial Assessment Agency expects the tax incentives in Romania contribute to short-term economic growth, unlikely to be sustainable
By Andra Beltz
The Moody's Financial Assessment Agency expects tax incentives in Romania to contribute to sound economic growth in the short term, but it is unlikely to be sustainable.
According to Moody's Investors Service country annual report, real GDP growth is expected to be 6.5% in 2017, with an advance to slow down to 5% in 2018.
The Romania' ... Read more »
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Views: 22 | : | Date: 25 November 2017 |


>>> In 2017, there were record productions to 9 crops, including corn, wheat, colza and sunflower

By Theo Moreni
The EU-28 agricultural output was lower by 2.8% in 2016 compared to 2015, according to a Eurostat report of 22 November 2017. Last year, 2016, the countries with the highest total agricultural output were France (73 billion or 17% of the total EU), Italy (53.4 billion or 13%) and Germany (52.9 billion euros or 13%). The following places were: Spain (€ 46.8 billion or 12%), Great Britain (€ 27.9 billion or 7%), the Netherlands (€ 27 billion or 7%), Poland (€ 22.4 billion or 6%) and Romania (15.4 b ... Read more »
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Views: 30 | : | Date: 22 November 2017 |

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The Romanian Business Journal
Constantin Radut
Editor in Chief
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