Macroeconomics
EY Romania Partner: Businessmen, More Confident In Market Evolution In 2016
The confidence of the business environment in the market evolution has increased at the beginning of the year to the highest value since 2012, Bogdan Ion, EY Romania Country Managing Partner...
Romania Posts RON0.8B Budget Surplus in January-February
Romania's general consolidated budget posted a surplus of RON0.8 billion in the first two months of the year, or 0.1% of gross domestic product, finance ministry data showed Friday.
Erste: Romania Could Be The Fastest-Growing Economy In CEE In 2016
Romania could see the highest economic growth in Central and Eastern Europe (CEE) due to fiscal relaxation measures and prospects of monetary policy tightening, Erste Group analysts said in...
Eurostat: Romania Labor Costs Rose At Fastest Pace In EU In 4Q/2015
Total hourly labor costs in the Romanian economy rose 11.4% on the year in the fourth quarter of 2015, the largest increase in the European Union, the EU's statistics office Eurostat said Fr...
JCRA Upgrades Romania’s Rating, With Stable Outlook
Japanese rating agency JCRA upgraded Romania's long-term foreign and local currency ratings to BBB and BBB+, respectively, while the outlook is stable, Romanian Finance Ministry said in a st...
Central Bank Governor: Romania Can’t Talk About Deflation As Domestic Consumption Is Sharply Up
Romania cannot talk about a deflation of the local economy as the country is facing a sharp domestic consumption growth, central bank governor Mugur Isarescu told a conference organized by t...
IMF Urges Romania To Delay Fiscal Relaxation Measures Planned For 2017
The International Monetary Fund (IMF) recommended that Romania postpone the fiscal relaxation measures due to be enforced in 2017, in order to reach a budget deficit of 2% of the gross domes...
Romanian Industrial Output Falls 2.3% on Month in January
Romania’s industrial output fell 2.3% in adjusted data in January, compared with December, due to a 1% drop in the utilities sector, the country’s statistics institute said Monday.
Romania Consumer Prices Decline Further in February, Inflation Rate at -2.7%
Romanian consumer prices declined 0.24% in February compared with January, taking the annual inflation rate to -2.7%, the country's statistics board said Friday.