Macroeconomics
Romania Industry Sales Rise 10.8% In First Six Months
Romanian industrial sales rose 10.8% in the first six months compared with the same period of 2013, boosted by higher demand in all sectors, the country’s statistics institute INS said Thurs...
INS: Romania Industrial New Orders Up 6.6% In 1H
Romanian industrial new orders rose 6.6% on the year in the first six months, supported by growth in all sectors, data from the country’s statistics institute INS said Thursday.
Isarescu Says BNR Ready To Narrow Gap Between Monetary Policy, Interbank Rates
The Romanian central bank is ready to further narrow the gap between interbank rates and the monetary policy rate so that banks feel comfortable enough to resume lending, even if the move mi...
Romania Average Net Wage Inches Higher In June
Romanian average net salary inched up 0.3% to 1,687 lei (EUR380) in June, from RON1,682 a month earlier, the statistics institute INS said Wednesday.
Isarescu: Decision To Cut Key Rate To 3.25% Not An Easy One
Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interes...
Isarescu Sees Room For Further Rate Cuts
Romania central bank still has room for further interest rate cuts as the inflation continues to decelerate, but a decision in that direction depends mostly on external evolutions, particula...
Romania Central Bank Cuts 2014 Inflation Forecast To 2.2%
Romania’s central bank Monday revised sharply down its inflation forecast to 2.2% this year from 3.3% previously, saying the inflation rate is expected to decelerate at a faster pace than in...
BNR Cuts Key Rate By 25 Bps To Record Low Of 3.25%
Romania’s central bank Monday lowered its main monetary policy rate by 25 basis points to an all-time low of 3.25% a year, but kept the minimum reserve requirements unchanged for both leu an...
INS: Retail Sales Rose 8% In First Half
Romanian adjusted retail sales rose 8.2% in the first six months compared with the same period of 2013, on higher sales in all sectors, the statistics institute INS said Monday.