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GDP

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Macroeconomics

Minister: Romania’s GDP Grew 10% In 2009-2015 Due To EU Funds Absorption

Romania’s gross domestic product (GDP) grew 10% due to the absorption of funds put at the country’s disposal by the European Commission between 2009 and 2015, according to an analysis cited...

Ecaterina Craciun · 04.02.2016 · 18:34 · 1 min
Macroeconomics

Govt Spends RON15B More In December, Drives Budget Into Deficit

Romania’s general consolidated budget switched from a surplus of 5.3 billion lei (EUR1.2 billion) or 0.76% of the gross domestic product in November 2015 to a deficit of about RON9 billion t...

Loredana Frățilă-Cristescu · 21.01.2016 · 09:53 · 1 min
Macroeconomics

Romania Revises 3Q GDP Upwards by RON1.69B

Romania's statistics office has revised the country's nominal gross domestic product for the third quarter of 2015 upwards by RON1.69 billion, to RON197.46 billion and to RON500.18 billion f...

Oana Gavrila · 15.01.2016 · 09:53 · 1 min
Macroeconomics

Eurostat: Romania 3Q GDP Rises At Fastest Pace In EU Quarter To Quarter

The Romanian economy grew at the fastest pace in the European Union in the third quarter, with 1.4%, compared to the second quarter, and at the second-fastest pace compared to the third quar...

Gabriela Stan · 13.11.2015 · 13:58 · 1 min
Macroeconomics

Romania 2Q GDP Growth Revised Slightly Up to 3.4% on Year

Romania's gross domestic product grew 3.4% on the year in the second quarter, a slight revision from the statistics institute's previous reading of 3.3%, the institute said Wednesday.

Oana Gavrila · 07.10.2015 · 09:19 · 1 min
Banks-Insurance

Central Bank Governor Warns Against Further Growth in Public Debt

Romanian central bank governor Mugur Isarescu has warned that further growth in public debt could be dangerous and counterproductive.

Oana Gavrila · 06.10.2015 · 15:17 · 1 min
Romania Economic Growth Slows Down In Second Quarter
Macroeconomics

Romania Economic Growth Slows Down In Second Quarter

Romania’s economic growth slowed down in the second quarter, with a first reading of the gross domestic product data coming much lower than analyst expectations.

Bogdan Neagu · 14.08.2015 · 10:00 · 1 min
Romania’s 1Q GDP Growth Revised Slightly Down
Macroeconomics

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.

Bogdan Neagu · 07.07.2015 · 10:00 · 1 min
Macroeconomics

EY Eurozone Forecast: Domestic Consumption Is Romania's Main Growth Driver

Consumer spending in Romania is registering its highest growth rate since 2008 and is the main driver of economic development, according to the 2015 EY Eurozone Forecast.

Oana Gavrila · 22.06.2015 · 12:12 · 1 min