Autor: A C

Business Editor at Adeco Development Advisory
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Balance of payments

According to latest press release published in august by the National Bank of Romania, in January – June 2018, the balance-of-payments current account posted a deficit of EUR 3,781 million, compared with EUR 3,526 million in January – June 2017; the deficit on trade in goods widened by EUR 711 million, the surplus on services income narrowed by EUR 261 million, the deficit of the primary income balance contracted by EUR 894 million, and the surplus of the secondary income balance decreased by EUR 177 million.

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New digital rights across Europe

According to European Commission’s press release, this summer, European citizens will enjoy more digital rights than ever before. Following the end of roaming charges across the European Union last year, holidaymakers can now travel with their online TV, film, sports, music or e-book subscriptions at no extra cost. In addition, everyone across Europe can enjoy world-class data protection rules that ensure all Europeans have better control over their personal data.

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Labour market trends

The annual Employment and Social Developments in Europe review provides up-to-date economic analysis of employment and social trends in Europe. In light of these trends, the review points out potential challenges and highlights potential policy responses to face these. It is the main report in the European Commission’s hands for analysing evidence and reviewing trends and upcoming challenges on the labour markets.

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Pressing problems in accessing finance

According to the survey on the access to finance of non-financial corporations in Romania, published by National Bank of Romania,  firms kept largely an unchanged view on the evolution of the main financial indicators for April 2017 – March 2018, except solely for labour costs and other costs. Thus, a higher number of companies showed that these indicators posted a moderate increase versus the previous round (49 percent compared to 37 percent and 40 percent compared to 28 percent respectively).

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Country-specific recommendations

In March, the European Council endorsed proposed policy priorities and guidance for the 2018 European Semester made by the Commission. These priorities were defined as boosting investment, pursuing structural reforms, and ensuring responsible fiscal policies. Following this step, each member state presented their national reform programmes for economic policies and stability programmes for their fiscal policies in April. On 22nd of June 2018, the European Council approved recommendations and opinions on the member states’ economic and fiscal policies for 2018.

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