Romania’s Economy Seen Growing 7% In 1Q – FinMin

“Despite some pessimistic expectations, we don’t have reasons to adjust our 6.5% forecast for gross domestic product growth this year,” Vosganian said.

Official forecasts indicate the country’s economic growth will stand at 6.5% of GDP this year and 6.1% in 2009, compared with a 6% growth last year.

Vosganian also said Romania’s consolidated state budget reported a small surplus in January-April, but didn’t give further details.

The latest finance ministry data indicate the country’s consolidated state budget posted a surplus of 0.02% of GDP in January-March, compared with a 0.12% deficit in the corresponding period a year earlier.

For 2008, the Romanian government is targeting a budget deficit of 2.3 of GDP, but it may revise it further in summer.