Macroeconomics
PM Asks Ministers To Spend Public Investment Funds
Romanian Prime Minister Victor Ponta asked the ministers to spend the funds available for public investments by the end of the year, adding that the development requires money spent, not bud...
Romania Climbs Two Spots In World Bank’s Doing Business 2015 Report
Romania climbed two spots and ranks 48th in World Bank’s Doing Business 2015 report, which analyzes the ease of running a business in 189 countries, and is outranked by Rwanda, Bulgaria, and...
The Five Parent Banks That Failed Stress Tests Have EUR9B Worth Of Loans In Romania
Only a quarter of the European banks present in Romania failed the stress tests and the central bank says the local subsidiaries are in a comfortable position.
INS: Romania Issues More Housing Permits In September
Romanian housing permits went up 6.6% to 3,858 units in September, from 3,618 units a month earlier, the country’s statistics institute INS said Tuesday.
Romanian Executives See Growth In Manufacturing, Decline In Constructions In 4Q
Romanian managers estimate moderate growth in the manufacturing industry, but a decline in activity in the constructions sector in the fourth quarter, the statistics institute INS said in a...
Romania’s Budget Turns To Surplus After First 9 Months
Romania’s government budget turned to surplus at the end of September, as spending took a dive in the first nine months, mainly due to lower allocations for public investments.
BCR Revises Down Romania’s 2014 GDP Growth Forecast To 1.8%
Romania’s largest lender Banca Comerciala Romana, or BCR, revised downwards its forecast on Romania’s economic growth to 1.8% in 2014 and 3% in 2015, due to the very low public investments a...
ZF Expert: Romania Needs Consumption And Investments
Romania cannot hope for annual economic growth of 5% in the next ten years in the lack of consumption and investments. This was one of the conclusions of last week’s ZF Expert meeting that w...
Romania’s Debt To International Lenders Down To EUR9B
The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this...