ECONOMY
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Bogdan Chiritoiu, Competition Council: Romanian Economy On Upward Trend
Romanian economy is on an upward trend which can be compared to that before the financial crisis, according to Bogdan Chiritoiu, head of Romania’s Competition Council, speaker at “The larges...
EC Improves Romanian Economic Growth Forecast, Warns of Risks
The European Commission has made marginal improvements on Romania's economic growth estimates in its winter forecast released Thursday, but warns of risks posed by new legal initiatives and...
Analyst: Romania Could See Economic Growth Of Over 5% This Year
Romania’s economy might grow by more than 5% this year, as a result of the latest economic developments and the continued rise in consumer spending, Andrei Radulescu, senior economist with B...
100 Trends for 2016
Consumer spending will increase because of the VAT cut, and the gross domestic product is headed for overheating. Leu loan interest rates will go up towards the end of the year. The exchange...
Maure, Automobile Dacia: Romania Needs 7% Economic Growth
The 3.4% economic growth that the International Monetary Fund estimated for Romania in 2015 is not high enough to really matter, believes Nicolas Maure, managing director of Automobile Dacia...
Romania’s Economy No Longer Reliant On Bucharest
The revenue of the companies registered in Bucharest taken together has dropped 37% to 433 billion lei (EUR98 billion) the past seven years, so the capital city now accounts for only 37% of...
Five Industrial Parks Turned Brasov City Into Regional Economic Hub
Companies in the central city of Brasov posted total revenue of 37 billion lei in 2014, or 3% of the economy, turning the city into a regional economic hub, according to ZF analysis based on...
IT Sector Saw Highest Growth Of All Romanian Economic Sectors In 2014
Romania’s companies posted total revenue up 2% in 2014, with the IT sector registering the highest growth pace of all economic sectors, between 13% and 19%.
Romania’s 1Q GDP Growth Revised Slightly Down
Romania’s economy grew 1.5% in the first quarter against the previous three-month period, according to revised seasonally-adjusted data from the statistics institute INS released Tuesday.