ECONOMY
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Viscount Davignon: Foreigners More Confident In Romania’s Development Than Romanians
Foreigners are more confident in Romania’s development potential than Romanians themselves, Viscount Etienne Davignon, chairman of financial group Bilderberg, said in Bucharest Thursday.
Lack Of New Highway Construction Sites Dampens Economic Growth
No new highway construction site has been inaugurated since the beginning of the year, while auctions for new projects are postponed. Chances are slim for work on a new highway to start befo...
Honda Boss: Economy Can Be Set In Motion By New Jobs, Higher Wages
Economy cannot develop only by boosting production, which is then exported, but also as a result of domestic demand. As people’s income increases, the local market will grow, too.
Romania Economy Grew As Expected In 1H
Romania’s gross domestic product grew 1.8% in the first half of 2013 compared with the year-earlier period, in line with previous estimations, official data showed Monday.
Romania Will Get To 2008 GDP Level Only In 2014
Romania’s real GDP will return to the pre-crisis level in 2014, after six years and after borrowing EUR20 billion from international lenders. The country’s the public debt has doubled in the...
Intellectual Property-Intensive Industries Contribute 45% To Romania Economy
Almost half of Romania’s economic output is generated in industries that use intellectual property rights intensively, a report from the Office for Harmonization in the Internal Market, or O...
BNR: Romania’s New IMF Deal Brings Predictability And Stability To Business Environment
Romania’s new financial package with the International Monetary Fund (IMF) brings predictability, transparency and stability to the business environment, but it also ensures transparency of...
Confidence In Romanian Economy Reaches 16-Month High
The confidence in the Romanian economy climbed to a 16-month high thanks to an improvement in perception of conditions in the current business environment, according to the macroeconomic con...
AmCham: Romania Must Continue Efforts To Increase Economic Competitiveness
Romania’s economy is among the most uncompetitive in the European Union and the country must adopt public policies and strategies to support economic development and increase competitiveness...