Macroeconomics
Government Collected RON4B Less VAT Than Planned In 2014
Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the fir...
INS: Romania Unemployment Rate Down To 6.4% In December
Romania's unemployment rate was down to 6.4% in December, from 6.5% in the previous month, seasonally adjusted data from the statistics institute INS showed Friday.
Coface: Around 95% Of 2014 Drop In Insolvency Numbers Comes From Small Businesses
The considerable decrease in the number of insolvencies registered in 2014 is only statistically relevant, as the dynamic came in the context of a base effect and the drop in insolvencies am...
Coface Sees Romania Economic Growth At 2.7% This Year
Coface ratings agency forecasts Romania's economic growth rate at 2.7% this year, in a basic scenario, from a maximum 2.5% in 2014, which depends on the level of consumption in December.
Survey: Romanians Grew More Concerned About Job Security And Debts In 4Q 2014
Romanians grew more concerned about job security, debts and the economy in the last three months of 2014, compared with the previous quarters, according to a survey from market researcher Ni...
INS: Romanian Executives Expect Declining Activity In Retail, Constructions In 1Q
Romanian managers predict activity in the retail sector will moderately fall over the January-March period compared with the previous three months, with a significant decline expected in con...
Romania Issued Less Housing Permits In 2014
Romanian authorities issued 37,672 housing permits in 2014, 0.3% fewer than in the previous year, the country’s statistics institute INS said Wednesday.
Romania Climbs Five Spots In 2015 Index of Economic Freedom
Romania climbed five spots in a global chart of economic freedom, making its economy the 57th freest in 2015, but is still outranked by countries such as Macedonia, Hungary, or Bulgaria, acc...
Big 4 Leaders’ Recommendations To Romania Businesses For 2015
Companies should focus on brand strengthening, digitalization, proper cash management, cost control and improved performances given the volatile international context that could impact Roman...