Macroeconomics
Government Hikes Lending Threshold For EU Funds By RON1B
The Romanian Government increased the threshold for net lending to cover the payment requests within the European Union financed projects by 1 billion lei, to a total RON5 billion.
Romania's Forex Reserves Fell Slightly In June To EUR30.1B
Romanian foreign exchange reserves fell by 109 million euros to EUR30.11 billion in June, from EUR30.22 billion in the previous month, central bank data showed Wednesday.
Romania Central Bank Leaves Key Rate Unchanged at 1.75%
Romania’s central bank kept its main monetary policy rate unchanged at 1.75%, as fears over a possible Greece exit from the euro-zone outweighed the extremely low inflation prospects.
Tourist Arrivals In Romania Up 14.6% On Year In May
Arrivals at Romanian tourism accommodation establishments rose 14.6% in May from the year-earlier month, while overnight staying increased 12.3% on the year, data from the statistics institu...
Greek Crisis Turns Leu Into Currency Of The Future For Romania
The tenth anniversary of the hard leu, which no one had thought would live more than seven to ten years in 2005 (expectation at the time was that the shift to the euro would happen soon afte...
VAT Revenue Up 17% In Jan-May
The value added tax revenue in the first five months of the year was 17% higher than in the year-earlier period, and the 3.5 billion lei (EUR779 million) surplus is enough to offset the decl...
Romania Housing Permits Up 8.9% To 3,654 In May
Romanian housing permits went up 8.9% to 3,654 units in May, from 3,355 units a month earlier, the country’s statistics institute INS said Monday.
INS: Romanian Executives Expect Strong Rise In Retail Over Summer Season
Romanian managers predict activity in retail will grow robustly over the June-August period compared with the previous three months, the statistics institute INS said in a survey released Mo...
EC Rejects Romanian Tax Code, IMF Officials Won't Return To Bucharest In July
Officials of the European Commission and the Romanian government have not agreed on the changes Romania brought to its Tax Code and officials of the International Monetary Fund will not retu...