Macroeconomics
Drought Causes Economic Growth Forecasts Revision
The extended drought that announces a very bad agricultural year is making macroeconomists revise their 2015 growth forecasts downwards.
INS: Romania Industrial Sales Up 6.4% on the Year in July
Romanian industrial sales increased 6.4% in July compared with July 2014, driven by growth in the manufacturing industry, the country's statistics institute said Tuesday.
Romanian Manufacturing Industry Gets 1.8% More Orders in July
Romania's manufacturing industry received 1.8% more orders on the month in July, after a 5.9% growth in June, the country's statistics institute said Tuesday.
Romania Average Net Salary Up 1.7% on Month in July
The average salary in Romania rose 1.7% in nominal terms in July compared with June, to 1,849 lei (around EUR417), data from the statistics office INS showed Monday.
INS: Romania Housing Construction Rises 11.1% On Year In 1H
Romanian housing construction rose 11.1% on the year, to 19,534 units in the first half of 2015 on higher activity in urban areas, the country’s statistics institute INS said Friday.
Declining Exports Slowed Romania's GDP Growth In 2Q
Romania's economic growth eased in the second quarter due to a slowdown in exports coupled with a rise in imports of goods and services, the statistics institute INS said Friday.
Romanian Lawmakers Adopt Tax Cuts Under New Code
Romania's lower house of Parliament on Thursday adopted the country's new tax code, which lowers the general value-added tax rate, eliminates extra excises and lowers taxes on dividends.
INS: Romania Retail Sales Up 1.1% In January-July
Romanian adjusted retail sales rose 5.5% in January-July from the same period last year, due to higher sales of food, fuels and non-food products, the country's statistics institute INS said...
INS: Net Investment in Romania Up 7.2% in 1H
Net investment in the Romanian economy grew 7.2% on the year in the first half of 2015, to RON26.87 billion (EUR605 million), driven by construction works and machinery and equipment, the co...