Macroeconomics
Romania Posts Sharpest Decline In 3Q Construction Output In EU
Romanian construction output fell 11.3% on the year in the third quarter, the sharpest decline in the European Union, compared with a 0.4% drop in the EU28, according to the EU's statistics...
Isarescu: Fears Of Depreciation Eased; Leu Stable Even During Elections Campaign
Romania has escaped the fear of the leu’s depreciation, says central bank governor Mugur Isarescu, pointing out the national currency was largely unmoved even during the elections campaign.
Business Sector: Come Up With A Budget And Keep The 5% Social Security Tax Cut In 2015
Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is dev...
Rating Agencies Expect Political Wrangling But No Major Policy Changes in Romania
The results of presidential elections in Romania could determine a long period of political quarrel, Standard & Poor’s said in a note Monday, adding the outcome has no immediate effect on th...
Eurostat: Romania 3Q GDP Rises At Fastest Pace In EU Quarter To Quarter
The Romanian economy grew at the fastest pace in the European Union in the third quarter, with 1.9%, compared to the second quarter, and at the second-fastest pace compared to the third quar...
Romania's GDP Rises 1.9% In Third Quarter
Romania’s economy performed better than expected in the third quarter, according to official data released Friday, after a poor outing earlier in the year.
Romania Mulls Introducing Tax On Turnover, Reducing Tax On Dividends
Romania’s Finance Ministry is considering discarding the tax on profit and introducing the tax on turnover, along with reducing the tax on dividends by five percentage points, as per a docum...
EXCLUSIVE: Romania May Introduce Progressive Income Tax Rate As Of 2016
The Romanian government is considering discarding the 16% flat tax rate, starting 2016, and introducing progressive income tax rate of 15%, 25% and 35%, respectively, as per a document drawn...
Romania FDI Slightly Up To EUR1.5B In First Nine Months
Romanian foreign direct investment, or FDI, rose 1.4% on the year to EUR1.51 billion in January to September, the central bank said Thursday.