Macroeconomics
BNR Sees Inflation Down To 1.1% In 1Q ‘15
The Romanian central bank estimates the annual inflation will fall below 1.5% at the beginning of next year, but then will return in its target interval in the second and third quarters.
Isarescu: Alcohol And Tobacco Prices Will Go Down Next Year, But Gasoline Will Be More Expensive
Romania’s central bank governor Mugur Isarescu said Thursday that tobacco and alcohol prices will decline in 2015, because the calendar for the alignment of excise duties has already been fu...
INS: Romania Average Net Salary Up 0.9% In September
Romanian average net salary increased 0.9% to 1,698 lei (EUR380) in September, from RON1,683 a month earlier, the statistics institute INS said Thursday.
After Rate Cut, Isarescu Tells Again Bankers To Go Look For Customers
Romania’s central bank on Tuesday cut the key rate again, to 2.75%, in another attempt to encourage lending. Governor Mugur Isarescu urges banks to get close to their customers and not expec...
Capital Economics: Romania Low Inflation May Spur More Rate Cuts
The Romanian central bank’s decision to cut its key rate to 2.75% won’t have much of an impact on overall monetary conditions, but signals the policymakers are alert to the prospects of even...
European Commission Sees Romania Out of Recession In 3Q
Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technic...
Romania Central Bank Cuts Key Rate By 25 Bps To 2.75%
Romania’s central bank Tuesday cut its main monetary policy rate by 25 basis points, to a record low of 2.75%, as inflation is still below its target while the economic growth is slowing dow...
BNR Cuts 2014 Inflation Forecast to 1.5%
The Romanian central bank cut again its forecast on the inflation rate for this year and the next, governor Mugur Isarescu told a news conference Tuesday.
EU Warns Romania’s Budget Deficit Will Widen To 2.8% Of GDP In 2015
Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down f...