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Romania's Economic Growth Exceeds Expectations: 3Q GDP +1.9% On Quarter, +4.5% On Year
Macroeconomics

Romania's Economic Growth Exceeds Expectations: 3Q GDP +1.9% On Quarter, +4.5% On Year

Romanian economy expanded by 1.9% in the third quarter, after a modest recovery of 0.2% three months earlier, a flash estimate of the country’s statistics institute showed Tuesday.

Florentina Dragu · 15.11.2011 · 10:00 · 1 min
Macroeconomics

Statistics Institute Due To Announce Highest GDP Growth In Three Years

The National Statistics Institute is due to announce its flash estimate of the gross domestic product growth for the third quarter on Tuesday. Most analysts expect an annual GDP growth of ab...

Claudia Medrega · 15.11.2011 · 00:00 · 2 min
EC Cuts Romania 2012 GDP Growth Forecast On European Worries
Macroeconomics

EC Cuts Romania 2012 GDP Growth Forecast On European Worries

The European Commission revised its forecast on Romanian economic growth to 2.1% in 2012 from 3.7% previously, citing worsening conditions in EU markets.

Florentina Dragu · 10.11.2011 · 12:21 · 1 min
EU Puts Romania Economic Growth At 2% In 2012
Macroeconomics

EU Puts Romania Economic Growth At 2% In 2012

The European Commission estimates Romanian economy will grow by around 2% in 2012, the EU mission chief Istvan Szekely said Monday.

Florentina Dragu · 07.11.2011 · 15:32 · 1 min
BNR Sees 2012 Economic Growth Above 2%
Macroeconomics

BNR Sees 2012 Economic Growth Above 2%

Romanian central bank’s inflation projections for 2012 are based on an economic growth slightly higher than 2%, governor Mugur Isarescu said Monday.

Florentina Dragu · 07.11.2011 · 12:53 · 1 min
2012 Targets: 2.2% Economic Growth And Budget Deficit Of 1.9%/GDP
Macroeconomics

2012 Targets: 2.2% Economic Growth And Budget Deficit Of 1.9%/GDP

Next year’s economic growth forecast could be set at 2.2% and the budget deficit target at 1.9% of GDP using the Romanian methodology of accounting (cash), according to sources close to the...

Claudia Medrega · 04.11.2011 · 00:00 · 1 min
Companies

How Much Businesspeople Felt The 3% Economic Growth Announced By Basescu For 3Q

The more significant economic growth in the third quarter, estimated at 3%, has been noticed especially by businesspeople working in the agricultural sector, in tourism and in exports, but n...

Claudia Medrega · 02.11.2011 · 00:00 · 5 min
Banks-Insurance

Private Pension Funds' Assets Seen At 1.22% of GDP By Yearend

Romanian private pension system regulator CSSPP cut by 0.13 percentage points to 1.22% its estimation regarding the weight of private pension funds’ assets in the gross domestic product at t...

Ioana Tudor · 01.11.2011 · 16:16 · 1 min
Third Quarter Macroeconomic Data Restores Analyst Optimism About Full-Year Growth
Macroeconomics

Third Quarter Macroeconomic Data Restores Analyst Optimism About Full-Year Growth

The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5%...

Cristian Hostiuc · 01.11.2011 · 00:00 · 3 min