Analysis
EBRD: Greece’s Troubles Unlikely To Send Romania Back Into Recession
Greece’s seemingly turn for the worse is unlikely to push Romanian economy into recession, according to Peter Sanfey, lead economist at the European Bank for Reconstruction and Development.
Moody’s: Greek Banks Could Sell Romanian Business If Crisis Worsens
Greek lenders are unlikely to withdraw substantial capital from their Romanian subsidiaries over the coming period, but a sovereign crisis at home could prompt a sale of international busine...
Highest 2011 Contribution To Voluntary Pension Fund Was RON50,500
The highest contribution to the Romanian voluntary private pension fund (Pillar III) this year was paid in January and amounted to 50,429 lei (about EUR12,240), according to data provided by...
INS: Tourist Arrivals In Romania Up 5.1% On Year In April
Tourist arrivals in Romania rose 5.1% in April from the year-earlier month, while tourist accommodations were up 2.2% on the year, the statistics institute INS said Friday.
Top Stock Exchange Yields In First Five Months
The chemical companies and exporters generated the highest yields for stock exchange investors in the first months of the year. Dividends also lifted the shareholders’ profits.
A Constitutional Budget Gap Ceiling Requires Correction Measures
The caps on budget deficit and public debt, proposed for introduction in the Constitution, would be an important step in rendering public finance more sustainable, but correction of potentia...
ING Says Romania’s Plan To Cap Deficit At 3% Of GDP Ill-timed
Romania’s planned amendments to the Constitution in order to limit the consolidated budget deficit to 3% of the gross domestic product may be positive on the long run, but its immediate oppo...
Fewer Employees Earn Over EUR1,200 Per Month Compared With 2008
The number of Romanian employees who earn an average gross monthly salary of more than 5,000 lei (EUR1,200) fell by nearly 25% between 2008 and 2010, with the two years of recession wiping 3...
Sales In Romanian IT&C Sector Up 6% In 2010, To EUR8.8B - Survey
Sales in the Romanian IT&C sector reached EUR8.8 billion last year, up 6% from 2009 but 3.3% lower than in 2008, and exports grew some 45%, according to a survey released Monday by the Roman...