ECONOMIC GROWTH
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Romania’s Economy Grows 2.9% In 2014
Romania’s gross domestic product grew by 2.9% in real terms last year compared with 2013, a flash estimate from the statistics institute INS showed Friday.
Spirits Consumption In Romania Down 36% In January-September
Romania’s spirits market contracted by 36% in the first nine months of this year and the last quarter, which accounts for 40% in annual consumption, is not likely to bring the market back to...
Romania's GDP Rises 1.9% In Third Quarter
Romania’s economy performed better than expected in the third quarter, according to official data released Friday, after a poor outing earlier in the year.
ZF Expert: Romania Needs Consumption And Investments
Romania cannot hope for annual economic growth of 5% in the next ten years in the lack of consumption and investments. This was one of the conclusions of last week’s ZF Expert meeting that w...
Romania Targets 5%-6% Economic Growth Over Medium Term With Fiscal Discipline
The Romanian government targets a 5%-6% annual economic growth over a medium term, by keeping fiscal discipline, so that Romania would narrow the gap with other European states, Finance Mini...
Philips Set To Invest Further In Romania Despite Tepid Economic Growth
SMEs, infrastructure and EU funds should be Romania’s priorities for the country’s economy to register growth of above 5%, says Robin van Rozen, Philips chief executive officer for Southeast...
Romania’s Economy In Recession After 1% Decline In Second Quarter
The Romanian economy is in recession after a second consecutive quarter of decline, a flash estimate from the country's statistics institute INS showed Thursday.
IMF: Romania Should Speed Up Privatization, EU Fund Absorption
Romania’s economy is on its way to match the pre-crisis growth levels, but the recovery pace has been slower compared with other countries and the authorities should speed up the privatizati...
Budget Is Out Of Sync With Economic Growth
The macroeconomic indicators may have been good news, as the economic growth was beyond expectations in the first quarter of 2014, but budget revenue did not follow the same trend, merely ri...