Tag: budget deficit (6 articles)

Finance   |   29 April, 2026 at 8:00 AM

Romania cuts budget deficit by more than half in Q1 2026

Romania's consolidated general budget recorded a deficit of €4.2 billion in the first quarter of 2026, representing 1.03% of GDP, compared to a deficit of €8.7 billion (2.28% of GDP) in the same period of 2025 over revenue growth and expenditure control.

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IFC to acquire 10% stake in Romanian pension firm Carpathia
Finance

IFC to acquire 10% stake in Romanian pension firm Carpathia

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.

Industry

Polpharma to launch takeover bid for Biofarm

Polish pharmaceutical company Zakłady Farmaceutyczne Polpharma has agreed to launch a voluntary public takeover offer (VTO) for all shares of Romanian drugmaker Biofarm, according to a regulatory filing.