Macroeconomics
EU Cuts Romania GDP Growth Forecast To 2% In 2014
The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter.
Romanian Producer Prices Down 0.2% In September
Romania’s industrial producer price index went down 0.2% in September, after a similar decline in the previous month, the country’s statistics institute INS said Tuesday.
Romania Forex Reserves Rise To EUR32.2B In October
Romanian foreign exchange reserves increased to 32.2 billion euros at the end of October, from EUR31.1 billion a month before, fueled by proceeds from the country’s 10-year Eurobond, central...
Romania Central Bank Expected To Cut Key Rate To 2.75% Tuesday
Romania’s central bank might cut the key rate to 2.75% in its Tuesday monetary policy board meeting, while keeping requirement ratio for leu deposits unchanged, according to a survey of the...
Tourist Arrivals In Romania Up 10.8% On Year In September
Arrivals at Romanian tourism accommodation establishments rose 10.8% in September from the year-earlier month, while overnight staying increased 5.4% on the year, data from the statistics in...
Romania Retail Sales Slightly Up In September
Romania’s retail sales inched higher in September, after a 0.6% decline in the previous month, official data showed Monday.
INS: Romania Unemployment Rate Down To 6.9% In September
Romania's unemployment rate was down to 6.9% in September, from 7.1% in the previous month, seasonally adjusted data from the statistics institute INS showed Friday.
Romania To Set Up Macroprudential Supervisory Committee
The Finance Ministry has drafted a bill for the set-up of a National Prudential Supervisory Committee, whose purpose will be to maintain financial stability, to be led by a board consisting...
Romania Economic Sentiment Strengthens In October After Decline In September
Investor and consumer confidence regarding the outlook of the Romanian economy strengthened in October, recouping the decline in September, while business sentiment in the European Union imp...