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INS: Romania Housing Permits Rise 5.2% in Jan-Sept
Macroeconomics

INS: Romania Housing Permits Rise 5.2% in Jan-Sept

Romania issued 30,540 housing construction permits in January-September 2015, 5.2% more than in the same period in 2014, the statistics institute INS said Wednesday.

Oana Gavrila · 28.10.2015 · 09:30 · 1 min
Macroeconomics

INS: Romanian Executives See Stability In Manufacturing, Retail In Oct-Dec

Romanian business executives expect stable activity in manufacturing and retail in October-December 2015 and see moderate decline in activity and staff numbers in constructions, the statisti...

Oana Gavrila · 28.10.2015 · 09:23 · 1 min
Banks-Insurance

Romanian Government Adopts Previously Postponed Tax Cuts

Romania's government on Tuesday adopted an emergency decree bringing forward to 2016 several tax cuts planned for 2017, the country's Finance Minister Eugen Teodorovici said

Oana Gavrila · 27.10.2015 · 17:18 · 1 min
Romania Posts Budget Surplus of 0.87% of GDP In Jan-Sept
Macroeconomics

Romania Posts Budget Surplus of 0.87% of GDP In Jan-Sept

Romania's consolidated budget posted a surplus of 6.1 billion lei (EUR1.37 billion), or 0.87% of the gross domestic product, in January-September, from a surplus of RON400 million in the sam...

Oana Gavrila · 27.10.2015 · 11:22 · 1 min
Macroeconomics

EC Is Less Optimistic Than Romanian Government On Tax Collection Capacity - Filote

European Commission is less optimistic than the Romanian government as regards the tax collection capacity following the fiscal relaxation measures and will watch closely every measure, said...

Gabriela Stan · 26.10.2015 · 12:49 · 1 min
Eurostat: Romania’s Government Debt Down To 38% Of GDP In 2Q, From 38.4% In 1Q
Macroeconomics

Eurostat: Romania’s Government Debt Down To 38% Of GDP In 2Q, From 38.4% In 1Q

Romania’s government debt fell 0.4 percentage points to 38% of the gross domestic product, or RON259.48 billion, in the second quarter of 2015, from 38.4% in the first quarter, Eurostat data...

Gabriela Stan · 23.10.2015 · 18:28 · 1 min
Macroeconomics

Romania Revises 2015 Budget, Keeps Deficit Target at 1.85% of GDP

Romania's government on Friday approved this year's second budget revision, cutting funding for infrastructure and raising the health care budget to cover wage hikes, while keeping the defic...

Oana Gavrila · 23.10.2015 · 13:59 · 1 min
Agriculture, Regional Development, EU Funds, Finance Ministries To Get Most Funds At Budget Revision
Macroeconomics

Agriculture, Regional Development, EU Funds, Finance Ministries To Get Most Funds At Budget Revision

The ministries of Agriculture, Regional Development, EU Funds and Finance will receive the bulk of funds at this year’s second budget revision to be operated Friday, in government’s special...

Ecaterina Craciun · 22.10.2015 · 13:08 · 1 min
Banks-Insurance

IMF Says Romania Shouldn't Ease Monetary Policy Further

The International Monetary Fund says Romania should not ease its monetary policy further immediately, given the expansionary fiscal stance in 2016, rapid growth in wages and lingering uncert...

Oana Gavrila · 22.10.2015 · 11:52 · 1 min