Macroeconomics
Isarescu: Romania Needs Policy Adjustments Before Joining Euro-zone
Romania needs to complete major adjustments of its economic policies before entering the exchange rate mechanism, the anteroom of the euro-zone, said central bank governor, Mugur Isarescu.
Romania Posts Budget Surplus of 0.7% of GDP in 1Q
Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday.
INS: Romanian Executives Expect Growth In All Sectors In 2Q
Romanian managers predict activity in all economic sectors will grow over the April-June period compared with the previous three months, the statistics institute INS said in a survey release...
Romania Issued More Housing Permits In March
Romanian housing permits went up 44.6% to 3,253 units in March, from 2,249 units a month earlier, the country’s statistics institute INS said Tuesday.
Romania Exported EUR15B Worth Of Services In 2014
Romania’s service exports reached EUR15 billion last year, an increase of 12% on 2013, and double as much as in 2005, central bank data shows. Transport, business services, goods processing...
Romania Private Lending Falls Further In March
Romanian private lending continued its downward trend in March, after a 0.4% monthly decline in February, central bank data showed Monday.
Romania Had Third Lowest Budget Deficit In EU Last Year, At 1.5% Of GDP
Romania posted last year the third lowest government deficit in the European Union, of 1.5% of GDP, after Lithuania and Latvia, according to Eurostat data released Tuesday.
INS: Romania’s Construction Output Rises In February
Romania’s construction output rose in February both when compared with the previous month, and against the same period of last year, official data showed Wednesday.
IMF Sees Romania’s GDP Growth At 2.7% In 2015
Romania’s gross domestic product will grow 2.7% in 2015, according to the latest World Economic Outlook report issued Tuesday by the International Monetary Fund, which sees the local economy...