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INS: Romanian Industrial Producer Prices Down 0.7% in August
Macroeconomics

INS: Romanian Industrial Producer Prices Down 0.7% in August

Romania’s industrial producer price index declined by 0.7% on the month in August, after inching down 0.2% in July, the country’s statistics institute INS said Friday.

Oana Gavrila · 02.10.2015 · 09:21 · 1 min
Wage Hikes to Push Romania's Budget Deficit to Over 4% - Fiscal Council
Macroeconomics

Wage Hikes to Push Romania's Budget Deficit to Over 4% - Fiscal Council

Romania's budget deficit could stand at 2.2% of GDP next year, following the impact of the country's new tax code, but planned wage hikes in the public sector may push the deficit to more th...

Oana Gavrila · 01.10.2015 · 12:49 · 1 min
Macroeconomics

INS: Tourist Arrivals in Romania Grew 17.2% In Jan-Aug

Arrivals at Romanian tourist accommodation establishments grew 17.2% in January-August from the same period last year, and overnight stays grew 15.7% in the same period, the statistics insti...

Oana Gavrila · 01.10.2015 · 10:00 · 1 min
Romanian Central Bank Governor Supports New IMF Agreement
Banks-Insurance

Romanian Central Bank Governor Supports New IMF Agreement

A new agreement with the International Monetary Fund would lend Romania extra credibility but should focus on implementing structural reforms instead of the country's balance of payments, ce...

Oana Gavrila · 30.09.2015 · 16:11 · 1 min
EC To Assess Romania's Economic And Fiscal Situation Until May 2018
Macroeconomics

EC To Assess Romania's Economic And Fiscal Situation Until May 2018

The European Commission will monitor Romania's economic, fiscal and financial situation until May 2018, following the end of a precautionary EUR2 billion loan agreement that ended Wednesday.

Oana Gavrila · 30.09.2015 · 15:56 · 1 min
Romania Central Bank Keeps Key Rate Unchanged at 1.75%
Banks-Insurance

Romania Central Bank Keeps Key Rate Unchanged at 1.75%

The Romanian central bank Wednesday kept its main monetary policy lending rate unchanged at 1.75% a year, in line with analysts' expectations.

Oana Gavrila · 30.09.2015 · 15:37 · 2 min
Romania Climbs 6 Spots To 53 In WEF Global Competitiveness Ranking
Macroeconomics

Romania Climbs 6 Spots To 53 In WEF Global Competitiveness Ranking

Romania climbed 6 spots, from 59 to 53, in the Global Competitiveness top released annually by the World Economic Forum, ranking higher than EU countries like Bulgaria, Hungary, Greece and C...

Gabriela Stan · 30.09.2015 · 12:53 · 1 min
Foreign Direct Investment in Romania Stood at EUR2.4B in 2014
Banks-Insurance

Foreign Direct Investment in Romania Stood at EUR2.4B in 2014

Foreign direct investment, or FDI, in Romania amounted to EUR2.421 billion in 2014, the central bank and statistics institute INS said in a joint release Wednesday.

Oana Gavrila · 30.09.2015 · 10:58 · 1 min
Macroeconomics

INS: Romania Housing Permits Rise 7.4% in Jan-Aug

Romania issued 27,037 housing construction permits in January-August 2015, 7.4% more than in the same period last year, the statistics institute INS said Wednesday.

Oana Gavrila · 30.09.2015 · 10:00 · 1 min