Macroeconomics
Romania Industrial Sales Inch Higher In October
Romanian industrial sales inched 0.1% higher in October, after an 18.3% increase in the previous month, data released by the statistics institute INS showed Monday.
IMF Asks Romania To Keep Budget Deficit Below 1% Of GDP In 2015
The International Monetary Fund and the European Commission asked the Romanian government to bring next year the budget deficit to 0.9% of the gross domestic product, but the local authoriti...
INS: Housing Construction Up 7.4% On Year In January-September
Romanian housing construction rose 7.4% to 28,555 units in the first nine months from the year-earlier period, on rising investment in urban areas, the country’s statistics institute INS sai...
Net Investment In Romania Economy Fell 6% On Year To RON42.7B In Jan-Sept
Romanian net investments fell 5.9% to 42.67 billion lei (EUR9.6 billion) in the first nine months of 2014 from the year-earlier period, due to falling activity in constructions and lower fun...
IT&C Sector Can Become Romanian Economy’s Growth Driver
The 15% year-on-year surge in the value added of the ‘information and communications’ sector in the first nine months enabled it to contribute one quarter of the 2.8% gross domestic product...
Romanian Government Approves Third Budget Revision This Year
Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees.
Ponta: IMF, EC Agree With Budget Revision
Romanian Prime Minister Victor Ponta on Wednesday stated he would never understand the opinion of the Fiscal Council regarding this year’s third budget revision, adding that the Internationa...
Romania Retail Trade Posts Fourth Highest Growth In EU In October
Romania registered the fourth highest annual growth in retail trade in the European Union in October, of 5.8%, overtaken by Luxembourg, Estonia and Slovakia, Eurostat data showed Wednesday.
Fiscal Council: Third Budget Revision Is Illegal; 2015 Budget Still Under Pressure
The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certai...