Macroeconomics
Romania Had Biggest VAT Gap In EU In 2012 - EC Report
An estimated EUR177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission, of which Rom...
Romania Private Lending Resumes Decline In September
Romanian private lending went down 0.3% on the month in real terms in September, after a 0.2% increase in August, central bank data showed Thursday.
FDI Stock Up 22% In Romania In 2008-2013
Foreign direct investment stock rose by 22% or EUR11.1 billion to almost EUR60 billion between 2008 and 2013, despite a very low growth rate last year.
Isarescu: Unrestrained Deleveraging Could Hurt GDP Growth
The combination of fiscal correction measures with an uncontrolled deleveraging process could hurt a sustained economic growth, Romanian central bank governor Mugur Isarescu said Tuesday.
Romania Targets 5%-6% Economic Growth Over Medium Term With Fiscal Discipline
The Romanian government targets a 5%-6% annual economic growth over a medium term, by keeping fiscal discipline, so that Romania would narrow the gap with other European states, Finance Mini...
Philips Set To Invest Further In Romania Despite Tepid Economic Growth
SMEs, infrastructure and EU funds should be Romania’s priorities for the country’s economy to register growth of above 5%, says Robin van Rozen, Philips chief executive officer for Southeast...
Armament, Prostitution, Drugs And Contraband Worth 0.1% Of Romania’s GDP In 2010
Investments in armament, as well as illegal activities such as prostitution, drugs and smuggling contributed 0.1% to Romania’s GDP in 2010, according to Eurostat data revised based on the ne...
Romania’s Economy Cannot Grow More Than 2-3% In 2014, Minister Says
Romania’s economic growth rate cannot be higher than 2-3% this year due to the macroeconomic context, state-run companies lacking technological upgrades and firms having difficulty contracti...
Economy Minister Says VAT Of 19-20% Would Be Enough
A sales tax of 19-20% would be sufficient but that depends on the level of collection of other taxes, Romanian Economy Minister Constantin Nita said Wednesday at a conference held by Ziarul...