Macroeconomics
Romania Sells RON300M of 3-Year Bonds at 2.22% Average Yield
Romania's finance ministry Thursday sold a planned 300 million lei (EUR67.7 million) worth of three-year treasury bonds at an average yield of 2.22%, central bank data showed.
Romanian Politicians Agree To Cut VAT To 20% Next Year, To 19% In 2017
Romania's parliamentary parties agreed Thursday in talks on the country's new tax code to lower the general value added tax from 24% to 20% as of 2016 and further to 19% as of 2017.
Romania Posts Budget Surplus of 1.06% of GDP in Jan-July
Romania’s consolidated budget posted a surplus of 7.41 billion lei (EUR1.67 billion) in January-July, from a deficit of RON1 billion in the same period last year, Finance Ministry data showe...
Romanian Parliament Postpones Tax Code Talks For Next Week
Romania's Parliament has canceled its extraordinary session called to debate the country's Tax Code, Senate chairman Calin Tariceanu said Monday.
Romania Unemployment Rate Rose To 4.99% In July
Romania's unemployment rate inched up to 4.99% in July from 4.94% in June, data from the country’s employment agency ANOFM showed Friday.
Finance Minister Sees Deficit At 2% In 2017 Under Tax Code Amendments
Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an addit...
Romania Economic Growth Slows Down In Second Quarter
Romania’s economic growth slowed down in the second quarter, with a first reading of the gross domestic product data coming much lower than analyst expectations.
Romania Current Account Posts EUR285M Deficit In First Six Months
Romania's current account balance posted deficit of 285 million euros after the first six months, compared with EUR863 million in the same period of 2014, central bank data showed Thursday.
Foreign Investment In Romania Up To EUR1.66B In First Half
Romanian foreign direct investment, or FDI, rose to 1.66 billion euros in the first six months, from EUR1.19 billion in the same period of 2014, data from the central bank showed Thursday.