ECONOMIC GROWTH
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Basescu: Romania’s Economy Might Grow 3% On Year In 3Q
Romania’s economy might grow 3% in the third quarter compared with the same interval a year ago if the country’s economic performance in September is not spectacularly bad, President Traian...
EBRD Slashes Romania’s GDP Growth Forecast To 1.1% In 2012
The European Bank for Reconstruction and Development cut the economic growth forecast for Romania, in 2012, by 2.7 percentage points, to 1.1%, citing the high exposure to the Greek economy.
Business Vs BNR: Lower Rates Needed To Boost Consumption
Lower interest rates would allow the government to borrow cheaper and implicitly help the economy, but the Romanian central bank (BNR) is more preoccupied with protecting the leu rather than...
BNR's Croitoru: Romania May See Crawling Growth For Long Time In Absence Of Foreign Capital
Romania’s economy might crawl for a very long time, with GDP growth of 1%-3%, since its evolution greatly depends on the exterior, and capital inflows aren’t what they used to be, Tuesday sa...
A Budget Deficit Close To Zero May Be Romania’s Best Defense Against International Turmoil
The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it do...
Economic Growth Needs Stable Prices – Central Bank Governor
Central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices.
BCR Cuts GDP Growth Projection For 2012 By 1% To 2.9%
Banca Comerciala Romana (BCR), the largest bank on the local market, reduced its economic growth forecast for next year by one percentage point, from 3.9% to 2.9%, quoting the outlook of pro...
Ialomitianu: Romania Needs No Additional Public Spending Cuts
Romania needs no additional measures to cut public spending, and the government should free funds for investments, Finance Minister Gheorghe Ialomitianu said Wednesday.
Romania Posts Smallest Annual Growth Of 2Q GDP In EU
Romania’s second-quarter gross domestic product grew at the lowest rate in the European Union member states for which data is available, according to data released Tuesday by the bloc’s stat...