IMF experts estimate Romania’s debt will increase this year. OMV Petrom, ArcelorMittal Galati and Rompetrol Rafinare Constanta are among the most powerful companies in Romania. Prime Minister’s hometown is one of the priorities in terms of public investments. Last but not least, two Italian girls were saved by a dog attacking them by a Romanian.
IMF experts estimate that Romania’s governmental debt will increase this year from 35.2% in 2010 to 37.7% of GDP and the level will be constant in the next three years according to the IMF biannual report, Romania libera reads. Romania’s gross debt will have a tendency to decrease so that in 2012 it will be 37.7% and in 2013 it will amount to 37.5%.
Authors of the report expect to see Romania’s budgetary deficit at 4.4% of GD followed by 3% next year and 2.9% in 2013. Budgetary revenues will decrease from 39.4% of GDP this year to 37.7% and in 2012 they will fall to 36.7% of GDP. Budgetary spending will increase from 32.8% of GDP last year to 33.3% this year and will reach 33.7% of GDP in 2012.
According to the report Romania is among the countries that will register an increase of its debt this year and a decrease of the budgetary deficit. Other states in the same situation are Bulgaria, Poland, Lithuania, Latvia, Ukraine and Kenya.
Elsewhere in the news, Evenimentul Zilei reads about Romania’s most powerful companies in the last 10 years like OMV Petrom, ArcelorMital Galati and Rompetrol Rafinare Constanta. Quoting an analysis of the financial companies conducted by Cezar Mereuta, president of the Romanian Economic Modeling Center, the newspaper reads that there are 30 companies that represent the economic power of the country.
According to the top, the 30 companies accumulate 50.3% of their business numbers and 73.1% of their profits. The newspaper reads that if i