GDP
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Visa: Romania’s Shadow Economy Fell 3.5% Since 2008 To EUR39.6B
The underground economy in Romania is seen to have fallen 3.5% over the past five years to EUR39.6 billion in 2013, or 28% of the country’s gross domestic product, according to a report rele...
BCR Ups Romania 2013 GDP Forecast To 1.8%
Romania’s largest bank BCR Wednesday revised upward its forecast on the country’s economic growth to 1.8% in 2013, from 1.1% previously, saying it expects higher contribution from agricultur...
EU Revises Down Romania’s 2014 GDP Growth Forecast To 2.2%
The European Commission revised down its forecast on Romania’s economic growth to 2.2% in 2014 from 2.5%.
Erste Maintains Romania GDP Growth Forecast At 1.1% In 2013
Austria’s lender Erste Group Bank AG (EBS.RO) Tuesday maintained its forecast on the Romanian economic growth unchanged at 1.1% in 2013, saying possible falling exports to foreign markets, a...
Analysts Say Economy Will Rise In 1Q, Businesspeople Are Pessimistic
Analysts believe the Romanian economy will remain on the rise in the first quarter of this year and keep their estimates for 2013 gross domestic product, but signals from the economy are les...
Romania Economy Grew Better Than Expected At 0.7% In 2012
Romania’s economy grew at a faster 0.7% than previously estimated in 2012, reflecting a smaller negative impact from industry and a positive contribution of the retail sector, revised data f...
Romania 2012 GDP Growth Revised Up To 0.3%
Romania’s economy grew at an annualized rate of 0.3% in 2012, a slightly faster pace than previously estimated, revised data from the statistics institute INS showed Wednesday.
Romania Central Banker Explains Why Companies’ Losses Hinder Economic Growth
The losses amassed by companies in Romania hinder the country’s economic growth, according to an analysis by central bank deputy governor Florin Georgescu.
EU Sees Romania Economy Growing 2.5% In 2014
The European Commission expects Romanian economic growth will accelerate to 2.5% in 2014 after a modest increase of 1.6% this year, mainly fueled by domestic demand.