Macroeconomics
Banca Transilvania Ups Romania’s 2015 GDP Growth Forecast To 4.6%
Romanian lender Banca Transilvania has revised upward its forecast on the country’s economic growth to 4.6%, from 4.1% previously, and expects the unemployment rate to stagnate this year and...
President Signs Tax Procedure Code Into Law
Romanian President Klaus Iohannis on Monday signed the Tax Procedure Code into law, the president's office said in a statement.
President Sends Tax Code Back To Parliament
President Klaus Iohannis has refused to sign the new Tax Code into law and sent it back to Parliament for reexamination, calling for a closer look at its implications on the state budget.
Isarescu: It Would Be Wrong To Opt for Measures With Temporary Consequences
The future mission of economic policies is keeping the macroeconomic balance reestablished after the crisis; thus it would be wrong to ignore the lessons of the crisis and give way to the te...
Foreign Investment In Romania Up To EUR1.29B In January-May
Romanian foreign direct investment, or FDI, rose to 1.29 billion euros in January to May, from EUR1.09 billion in the same period of 2014, data from the central bank showed Tuesday.
Romania Current Account Posts EUR312M Deficit In First Five Months
Romania's current account balance posted deficit of 312 million euros after the first five months, compared with EUR424 million in the same period of 2014, central bank data showed Tuesday.
Romania’s Industrial Production Down 0.1% In May
Romania’s industrial production inched down in May against the previous month, but still was higher than in the same period of 2014, the country’s statistics institute INS said Friday.
INS: Romania's Power Output Up 3.1% In First Five Months
Romanian electricity output rose 3.1% on the year to 26.97 billion kilowatt-hours in the first five months of 2015, fueled by higher production in the hydropower sector, official data showed...
Romania’s Inflation Turns Negative In June After VAT Cut For Food Products
Romanian consumer prices fell by almost 3% in June from a month earlier and the annual inflation turned negative, mainly due to lower food prices after a cut in the value added tax rate, off...