GDP
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Agriculture Contributes EUR15B To GDP In 2012
Agriculture, a sector that accounts for about 6% to 7% of Romania’s gross domestic product every year, contributed EUR15 billion to the economy last year, down 16% from the peak year 2011, a...
Ponta Dismisses INS Head Vergil Voineagu
Romanian Prime Minister Victor Ponta has dismissed the country’s statistics institute INS president Vergil Voineagu, who will be replaced by Beatrix Gered in an interim capacity.
Ponta Reacts To "Huge" Statistics Mistake With Impact On 2013 Budget
Romania’s national statistics institute INS considerably revised data on 2011 gross domestic product, affecting estimations for the GDP in 2012 and 2013 and other major indicators linked to...
After No Growth In 2012, An Economic Rebound Next Year Is Seen Modest In The Absence Of EU Funds, FDI
Economic analysts anticipate the economy will grow in 2013, with estimates for an increase of the gross domestic product ranging between 0.5% and 2.2% after the Romanian economy returned to...
Romanian Economy Hit Hard By Drought In Third Quarter
Romanian economy shrank 0.6% in the third quarter from the year-ago period, in line with previous estimations, hit by a sharp decline in agriculture, the country’s statistics institute INS s...
Romania Prognosis Commission Cuts 2012 GDP Forecast To 0.7%
Romania’s prognosis commission, or CNP, has revised downward its economic growth forecast to 0.7% in 2012, from 1.7% previously, saying it expects a negative contribution from farming output...
Tanasescu: Romania Must Step Up Reforms To Boost Growth
Romania must step up structural reform implementation and prioritize investments to fuel economic growth in 2013, an official of the European Investment Bank said Thursday.
Erste Sees Zero 2012 Economic Growth In Romania
Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday.
Romania Economy Shrinks 0.5% In Third Quarter
Romanian economy contracted 0.5% in the third quarter after recording a modest growth a quarter earlier, a flash estimate of the country’s statistics institute INS showed Thursday.