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Romania GDP Growth Slows To 0.2% In 2012
Macroeconomics

Romania GDP Growth Slows To 0.2% In 2012

Romania’s economy grew by a meager 0.2% in 2012, a considerable slowdown on the previous year, hurt by a feeble harvest and falling exports to European markets.

Neagu Bogdan Mircea · 14.02.2013 · 10:00 · 1 min
IMF Sees Modest Growth In Romania In 2013, Urges More Action
Macroeconomics

IMF Sees Modest Growth In Romania In 2013, Urges More Action

Romania’s economy is expected to post a modest growth of around 1.5% in 2013, after zero or very low growth a year earlier, an official of the International Monetary Fund said Tuesday.

Florentina Dragu · 29.01.2013 · 11:49 · 1 min
IMF Arrangement At A Turning Point: Reforms Are Stalling, Economy Has Yet To Rebound
Macroeconomics

IMF Arrangement At A Turning Point: Reforms Are Stalling, Economy Has Yet To Rebound

The precautionary arrangement that Romania sealed with the International Monetary Fund in the spring of 2011 and which was supposed to end in April 2013 has reached a turning point: Romania...

Tudor Ioana Raluca · 29.01.2013 · 00:00 · 3 min
BCR: Romania 2013 GDP Growth Forecast Unchanged At 1.1%
Banks-Insurance

BCR: Romania 2013 GDP Growth Forecast Unchanged At 1.1%

Romanian leading bank BCR Thursday maintained its forecast on the country’s economic growth unchanged at 1.1% in 2013, but said that a better-than-expected harvest and good retail and servic...

Florentina Dragu · 24.01.2013 · 14:12 · 1 min
Romania 2012 GDP Growth Revised Down To 0.2%
Macroeconomics

Romania 2012 GDP Growth Revised Down To 0.2%

Romania’s government has revised downward its estimate on the 2012 economic growth to 0.2% from 0.7% previously, according to the country’s Fiscal Strategy for 2013-2015.

Florentina Dragu · 23.01.2013 · 15:48 · 1 min
Romania Revises Down 2013 GDP Growth Forecast To 1.6%
Macroeconomics

Romania Revises Down 2013 GDP Growth Forecast To 1.6%

Romania’s government Monday revised down its economic growth forecast to 1.6% in 2013, from 1.8% initially, according to this year’s draft budget.

Florentina Dragu · 21.01.2013 · 19:10 · 1 min
EBRD Cuts Romania GDP Growth Forecast To 1.4% In 2013
Macroeconomics

EBRD Cuts Romania GDP Growth Forecast To 1.4% In 2013

The European Bank for Reconstruction and Development Monday revised downward its forecast on Romania’s economic growth to 1.4% in 2013, from 1.9% previously.

Florentina Dragu · 21.01.2013 · 15:11 · 1 min
Romania 3Q GDP Decline Revised To 0.4%
Macroeconomics

Romania 3Q GDP Decline Revised To 0.4%

Romania’s economy shrank 0.4% in the third quarter of 2012 compared with a quarter earlier, a slightly slower pace than previously estimated, revised data from the statistics institute INS s...

Florentina Dragu · 09.01.2013 · 11:21 · 1 min
Companies’ Losses Upset GDP Calculations Of Statistics Institute
Macroeconomics

Companies’ Losses Upset GDP Calculations Of Statistics Institute

One explanation for the difference between preliminary GDP data and the “almost final” GDP data could be that companies’ losses increased after they could not factor in their higher raw mate...

Oana Gavrila · 09.01.2013 · 08:27 · 3 min