Macroeconomics
Eurostat: Romania Minimum Wage Doubles In 2008 - 2015, Still Second Lowest In EU
Romania continues to have the second lowest monthly minimum wage in the European Union, after Bulgaria, although it posted the fastest growth in EU, of 95%, between 2008 and 2015, Eurostat d...
GfK: Romanians Confident Of Income Growth, Willingness To Buy Still Low
Romanians are confident that their income prospects would improve but this has not yet had a major impact on willingness to buy, as Romanian consumers need all their available income for eve...
Fiscal Council: New Tax Code Measures Highly Stimulate Demand, Trigger Imbalances
Romania would rather need fiscal relaxation measures in terms of supply, by cutting social security tax, instead of measures to stimulate demand by cutting VAT and excise duties, which will...
Lax Policies Won't Boost Economic Growth - Central Bank Official
Lax fiscal and monetary policies don't necessarily lead to economic growth, central bank chief economist Valentin Lazea said Tuesday, adding economists ignore the experience of past centurie...
BNR: Romania Private Lending Falls In January
Romanian private lending went down in January, as banks continue to shed bad loans of their books, central bank data showed Tuesday.
EY: VAT Cut Should Come Along With Measures To Tackle Tax Evasion And Boost Tax Collection
The lowering of the value added tax should be supported by measures to fight tax evasion and increase tax collection, according to EY consultants, who also expect government to cut investmen...
ZEW: Romania Climbs To Top Spot In CEE By 6-Month Economic Outlook
Romania climbed to the top position in Central and Eastern Europe (CEE) by the financial market experts' expectations on a six-month time horizon, as Economic Sentiment Indicator rose 27 poi...
EY: Government May Cover Deficit Generated By Fiscal Measures From Underground Economy
The Romanian government can cover the budget deficit generated by the recent fiscal measures from the underground economy, which has plenty of resources, if authorities manage to collect suc...
Planned Tax Cuts Entail Spending Freeze In 2016, Finance Minister Says
Romanian Finance Minister Darius Valcov on Thursday said the planned tax cuts imply freezing budget spending in 2016 at this year’s level.